Restaurants bullish on expansion in 2024Despite economic uncertainty and high interest rates, 2024 is looking like a year of growth for full-service restaurants. U.S. online grocery sales down 1.2% in 2023 year-over-yearThe U.S. e-commerce grocery market edged down in 2023 amid a decline in order frequency by online grocery shoppers. Proposed Kroger, Albertsons merger delayed The proposed merger between two U.S. supermarket giants is no longer expected to be completed in March. Study: Consumers undeterred by stricter policies as returns continue to increase Higher restocking and shipping fees and shorter windows aren’t stopping customers from making returns, which are eating into retailers’ profitability. Mid-market retailers optimistic about growth in 2024 Executives and C-suite professionals at mid-market retail and consumer packaged goods companies are nearly universally optimistic about 2024, with few anticipating a recession. More Rite Aid store leases are coming up for sale A&G will be handling transactions for those and 47 other previously announced leases. Burger King owner makes $1 billion cash acquisition Restaurant Brands International is buying the largest Burger King franchisee in the United States in a move that will accelerate restaurant remodels. Sparse space, high rents will continue to plague retailers in 2024 CoStar reports that 82 million square feet of new construction in 2022 fell to 46 million square feet in 2023. JCPenney boosts employee retention with mobile app JCPenney is providing frontline associates with workplace tools and capabilities via an employee app. Red Sea disruption causing higher ocean-freight costs, shipping delays Disruptions caused by attacks on cargo ships in the Red Sea have once again created volatility in retail supply chains. First Previous 121 122 123 124 125 Next Last
