TODAY – Trump rings bell at NYSE / Cornell & other CEOs in crowd / Trump says Bezos to visit next week

 

World’s Richest Families 2024 – Waltons Back on Top at Bloomberg. “The Waltons are back on top after Walmart’s stock surge boosted their wealth to $432.4 billion…Nothing about 110 NW 2nd St. hints at the vast wealth coursing through it. The modest brick building in downtown Bentonville, Arkansas, is the home of Walton Enterprises — steward of the greatest family fortune in the world…” Bloomberg subs.

 

Gen Z wants to shop in person — and that’s helping malls make a comeback at CNBC. “Nearly 63% of Gen Z respondents said they plan to make holiday purchases at physical stores, according to an annual survey by consulting firm EY. Only about 50% said they would make purchases on retailers’ websites and apps during the season, lower than any other generation besides Baby Boomers.” Read more

 

Big Food’s Latest Label: GLP-1 Friendly at WSJ. “Conagra Brands…is rolling out a new label that dubs a selection of its Healthy Choice frozen meals “GLP-1 friendly,” part of an effort to pitch its products to a growing group of consumers: people who are eating less. Starting in January, the label will appear on 26 products, which Conagra said have high-protein content and low calorie counts and are a good source of fiber.” WSJ subs.

 

Only 16% of holiday shoppers plan to spend more this season because of inflation at CNBC. “…down two points compared to last year. Forty-eight percent said that they’ll lay out the same amount for holiday gifts, up five points. At the same time, 35% say they’ll spend less, down two points as well.” Read more

 

Former Amazon leader’s supply chain tech startup Auger names 11 execs after $100M Series A round at Geekwire

 

UK regulator’s Shein IPO decision slowed by challenge from Uyghur group at Reuters. “Britain’s financial regulator is taking longer than usual to approve fast-fashion retailer Shein’s IPO because it is checking its supply chain oversight and assessing legal risks after an advocacy group for China’s Uyghur population challenged the listing, according to two sources close to the matter.” Read more

 

**A message from Su Salsa – Put the lime in the dip, not the chip. Su Salsa Mild hits with a hint of lime and cilantro and a kick of jalapeno at the finish. All-natural, blended and smooth for easy pour. And the label that pops on shelf.  Learn more | Sample: info@eyeonretail.net

 

Party City Mulls Second Bankruptcy in Two Years at Bloomberg/Yahoo. “…is behind on rent at some locations and running out of cash, said the people, who asked not to be identified discussing a private matter. The retailer’s struggles stem from years of lagging sales that have left it unable to keep pace with a sizable debt load.” Read more

 

Arkansas Gov. Sanders to seek waiver to eliminate ‘junk food’ purchases in federal SNAP program at Talk Business

 

J.Jill, Inc. Q3 comp sales down 0.8% Press release

 

The new Buc-ee’s north of Denver has been a hit, but not with nearby farmers at The Gazette. “Everyone I’ve talked to says they can’t wait to go,” she said. Carlton’s 8-year-old son Greyson, sitting in a swivel chair beside her, said he was a fan of the chicken strips…Darin Rome, a farmer and mechanic…said that the glow of Buc-ee’s on the horizon about a mile away was an unwelcome sign of things to come as the interstate corridor pushes out farms in favor of large-scale developments.” Read more

 

Walmart grabs the most TV viewers with Thanksgiving weekend ads at Multi Channel Marketer

 

Macy’s Q3 comp sales: down 2.4% on an owned basis and down 1.3% on an owned-plus-licensed-plus-marketplace basis Press release

 

…Macy’s confirms rogue employee hid $151 million in expenses over three years at NBC News

 

Albertsons Files Lawsuit Against Kroger for Breach of Merger Agreement Press release

 

Mall vending machines send showers & shelter to needy at St. Louis Post Dispatch. “Since their inception, the Giving Machines have collected more than $32 million. This year, they are in 106 locations…”It’s not an effort to proselytize or aggrandize the name of the church. It’s really just about connecting with people in our community,” Bezzant said. “The church is interested in doing and being good and inviting others to do so.” STL Post subs. 

 

Zero chance Canada Post can deliver cards and packages before Christmas, experts say at Toronto Star

 

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