Coverage of brick-and-mortar retail, department stores, supermarkets, and physical commerce trends.
PepsiCo’s second-quarter revenue topped Wall Street forecasts at about $24.2 billion, but flat North America volumes and softer US snack and soda demand tempered the result. The company held its full-year guidance and lifted its dividend for a 54th year, even as shares slipped in premarket trading.
A cluster of US grocery loyalty relaunches in June 2026, from Lidl Plus to Kroger Rewards, looks less like a discount play and more like a first-party-data land grab. Signals point to the loyalty wave converging with retail media before the 2026 holidays, with more relaunches likely by year-end.
Ocado Group has confirmed that co-founder Tim Steiner will step down as chief executive by the start of its 2028 financial year, moving into a founder role through 2029. The July 6 filing opens a formal succession process at the London-listed grocery-technology group, with no successor yet named.
Kroger has agreed to buy the family-controlled grocer Giant Eagle for about $1.65 billion. It is the company’s first major acquisition since the Albertsons merger collapsed in 2024.
Sainsbury’s posted a 3.6% rise in first-quarter grocery sales as online jumped 12.5% and the UK’s second-largest grocer extended its run of market-share gains to five quarters. Argos and general merchandise stayed weak, but full-year profit guidance was left unchanged.
Ocado has publicly confirmed it is engaged in long-term succession planning for founder and chief executive Tim Steiner, after reports the board approached external candidates. The acknowledgement lands with the online grocery technology group trading roughly 91% below its 2020 peak.
Kroger beat on revenue with $46.1bn in Q1 sales, but gross margin slipped to 22.7% as CEO Greg Foran cut prices to win share. The grocer held full-year guidance and added a $2bn buyback.
A cluster of spring 2026 leadership changes at Carter’s, Rent the Runway and PayPal points to a wave of US retail restructuring. The likely window is H2 2026 earnings, roughly August through November.
Britain’s largest retailers cut close to 18,000 jobs over the past year, led by Tesco, according to a Bloomberg analysis of annual reports. Retailers blame higher employer national insurance and rising minimum wage costs.
Macy’s posted 3% comparable sales growth in the first quarter of fiscal 2026, its strongest first quarter in four years, led by a 10.2% jump at Bloomingdale’s. The department store operator beat profit guidance and raised its full-year sales and earnings outlook.