Kroger Lowers Sales Forecast Amid Intense Grocery Competition
Kroger cuts 2025 sales outlook to 2.8-3% growth as budget-conscious shoppers trade down and competitors slash prices. Stock falls 7% despite beating profit expectations.
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Walmart Raises Annual Forecast After Strong Quarter, Plans Nasdaq Move
Walmart boosts 2025 forecast for second time as eCommerce grows 27%. Stock moving to Nasdaq in December as retailer expands tech focus.
Target Adjusts Outlook as Turnaround Efforts Continue
Target trimmed its 2025 profit outlook due to cautious shoppers and soft demand. Incoming CEO Michael Fiddelke plans a $5 billion investment next year to fuel growth.
Amazon is Doubling Down on Groceries with a New Private-Label Collection
Amazon launched Amazon Grocery, a new private-label food brand (1000+ items) replacing Fresh/Happy Belly. Most items are under $5. Rivals slipped.
Target's Leadership Shift & Q2 Recovery
Target appoints Michael Fiddelke CEO, effective 2026. Despite Q2 earnings beating estimates with improved traffic and digital growth, shares fell as annual forecasts remain unchanged amidst retail challenges.