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Search resuls for: "Uday Sampath Kumar Siddharth Cavale"


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☆ Will Walmart open wallets? Prices in focus as retailer reports earnings
  + stars: | 2023-02-16 | by ( Uday Sampath Kumar Siddharth Cavale | Uday Sampath Kumar | Siddharth Cavale | ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/Illustration/File PhotoFeb 16 (Reuters) - Walmart Inc's (WMT.N) results on Tuesday will provide Wall Street with new details on what items American shoppers are buying as rising grocery prices squeeze their wallets. In December, Walmart CEO Doug McMillon said "we do not like" that some suppliers were hinting at raising prices further in 2023. He warned that Walmart would allocate space to private and tertiary brands if prices got too high. KitKat maker Nestle on Thursday said further price hikes were necessary to offset commodity costs. Still, Wall Street expects Walmart sales and revenue to rise in 2023 as its shipping and logistics costs moderate, even as labor expenses go up.
☆ Retailers on track for record Cyber Monday -Adobe Analytics
  + stars: | 2022-11-28 | by ( Uday Sampath Kumar Siddharth Cavale | Uday Sampath Kumar | Siddharth Cavale | ) www.reuters.com   time to read: +3 min
The estimate from Adobe Analytics predicts an increase of up to 8.5% from a year earlier. Adobe Analytics measures e-commerce performance by analyzing purchases at 85% of the top 100 internet retailers in the United States. Both Adobe and MasterCard Spending Pulse are expected to release their updated Cyber Monday spending estimates on Tuesday. Americans have put off holiday shopping for weeks in the hopes of finding deeper post-Thanksgiving markdowns. Last year, Cyber Monday sales fell 1.4%, according to Adobe Analytics, as retailers kicked off holiday promotions early to avoid product shortages amid a global shipping crisis.
☆ Kroger-Albertsons tie-up spurs union lobbying to stop merger
  + stars: | 2022-10-21 | by ( Uday Sampath Kumar Siddharth Cavale | Uday Sampath Kumar | Siddharth Cavale | ) www.reuters.com   time to read: +4 min
Four local chapters of the United Food and Commercial Workers (UFCW) International told Reuters they are assessing their options for lobbying and coordinated action against the deal, including potential strikes. Bryan Doherty, a spokesperson for the UFCW International, told Reuters it plans to request more information from the retailers about possible store closures and layoffs. On Monday afternoon, representatives of UFCW International met with nearly 100 local UFCW chapters on Zoom to discuss the merger and their collective response to it. Workers told Reuters that Kroger has not yet held conversations with the union to discuss the merger. Albertsons reached out to the union, offering to "keep lines of communication open," Mark Federici, president of UFCW local 400, told Reuters.
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