Mattel, Inc. gears up for the holiday season 🧸Despite a slight dip in Q2 sales, the toy maker is optimistic about the second half of the year, with plans to expand shelf space and ramp up marketing. While rumors swirl about a potential takeover, Mattel remains focused on growth and innovation. #ToyIndustry #Mattel #RetailNews #HolidaySales #BusinessStrategy #Innovation
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For over thirty years, we’ve serviced clients through a range of trusted brands to drive better decision making through reliable data, insights, and analytics. Today, RetailStat unites those brands as an industry-leading retail intelligence provider dedicated to unwavering quality and client services. Our clients benefit from our extensive industry experience, our focus on client workflows and a broad suite of products, which they can use to build a custom portfolio of data, reports, workflows, and analysis.
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http://www.retailstat.com/
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Updates
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📉 A challenging Q2 for Loblaw Companies Limited. The grocery giant saw traffic up but basket sizes down, coupled with a $500M settlement over a bread price-fixing lawsuit. Despite these hurdles, Loblaw's retail segment grossed nearly $14B, with e-commerce sales rising 14.2%. The company remains committed to earning customer trust and delivering value. 💬 What are your thoughts on the future of grocery retail? Share your insights! #RetailNews #Loblaw #Ecommerce #BusinessUpdate #GroceryIndustry #Q2Results
Price-fixing scheme, smaller baskets lighten Q2 results for Loblaw
supermarketnews.com
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🚀 Hasbro is leveling up! The #toy giant beat Wall Street expectations in Q2, driven by impressive growth in its digital gaming segment. With a net income of $138.5M and a strong performance from Wizards of the Coast, Hasbro is "all in" on digital gaming. 📈 #Retail #DigitalGaming #Hasbro #BusinessGrowth #Innovation #MarketTrends #GamesandToys
Hasbro beats second-quarter estimates, goes 'all in' on digital gaming segment
cnbc.com
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📈 Keurig Dr Pepper hits the mark! The beverage giant's Q2 earnings and revenue met expectations, with U.S. soda sales up thanks to price increases. Despite challenges in its coffee division, the company remains optimistic about future growth #BeverageIndustry #KeurigDrPepper #MarketTrends #BusinessGrowth #SodaSales
Keurig Dr Pepper earnings meet estimates as higher prices fuel U.S. soda sales
cnbc.com
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Chick-fil-A Restaurants' Truett’s Luau in Fayetteville, GA, serves up tropical treats like Pineapple Chicken Tacos and Pineapple Nut Milkshakes. With these Hawaiian delights going viral, fans are calling for them to be available nationwide! Will Chick-fil-A make the tropical trend a reality? Stay tuned! #ChickfilA #TropicalMenu #FoodieNews #PineappleParadise 🌴🍍
Chick-fil-A Fans Demand Nationwide 'Tropical' Menu Items - RetailWire
https://retailwire.com
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Restaurant News: Krispy Kreme Sells Majority Stake in Insomnia Cookies for $127.4M! 🍪 Krispy Kreme has sold its majority ownership of Insomnia Cookies, now valued at $350M. The #doughnut giant will use the $127.4M sale proceeds to boost its core business and pay down debt. With Krispy Kreme’s exciting McDonald's partnership on the horizon, the company’s future looks sweet! #KrispyKreme #InsomniaCookies #BusinessMoves #SweetDeal #fastCasual #FastFood #Restaurants
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Kroger Albertsons Companies #News: A Colorado judge has temporarily blocked the proposed merger between #Kroger and #Albertsons. The court granted a preliminary injunction, and both companies have agreed to hold off on the merger until a final decision is made. The lawsuit, brought by Colorado's Attorney General to permanently block the deal, is set to go to trial on September 30, 2024. #MergerNews #RetailUpdates #Retail #Grocery
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🚨 Breaking News: Conn's HomePlus Files for Chapter 11 Bankruptcy 🚨 Conn’s Inc., a major furniture and home goods retailer, has filed for Chapter 11 bankruptcy in Texas. The company plans to wind down operations, including closing over 550 stores under the #Conn’s HomePlus and #Badcock Home Furniture & More banners. Going-out-of-business sales are underway at around 105 stores. The decision follows liquidity challenges exacerbated by high debt and rising interest rates. Conn’s also cited the costly acquisition of rival W.S. Badcock and a slump in consumer spending on home goods as contributing factors. The company aims to complete store closures by October 31 and has sought court approval to reject store leases. Conn’s has approximately $200 million in obligations to creditors and $530 million in total debt. Stay tuned for more from our team as this story develops! You can request more info on this #Chapter11 case at https://lnkd.in/eaTkzfis #ConnBankruptcy #RetailNews #FurnitureRetail #BusinessUpdate
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Big Lots has begun a large-scale store #closing process. While the Company hasn't released a specific list, store closing sales are now advertised at 143 locations nationwide (10% of their total stores). This follows their June announcement of plans to close 35 to 40 stores this fiscal year, after closing 33 in FY23. #RetailStat subscribers can access the list and corresponding maps! Not a subscriber but want to demo our products? Now's the time at retailstat.com. #Retail #RetailNews #BigLots #OpeningsandClosings #RetailStatROC
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