-
Moody’s: U.S. supermarkets’ profits to rise in 2017
Moody's Investors Service has some good news for the U.S. supermarket industry. Grocery stores’ operating profits will grow at a fairly healthy rate again this year after a disappointing 2016, according to Moody’s new report, "Companies Will Perform Better in 2017 as Deflationary Pressure Wanes. Profitability last year was crimped by an unprecedented level of deflation for an economy not in recession, the report noted, but as downward pressure on prices wanes, things will pick up in the latter half of this year.
-
Walmart launches Store No. 8 — but it’s not really a store
The nation’s largest retailer is delving deeper into e-commerce and evolving technology with its newest investment. Walmart has formed Store No. 8, a technology incubator that will be based in the Silicon Valley. (The new initiative is named after an early Walmart store that company founder Sam Walton used to try out new retail strategies.)
