Retail News

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Report: Sobeys to cut 1,300 jobs

Canadian grocer Sobeys, which is a wholly-owned subsidiary of Empire Co., is reportedly looking to cut 1,300 jobs as it streamlines its distribution operations, according to The Globe and Mail.

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NRF: July 4 spending looks bright

Americans are feeling patriotic as July 4 approaches, and they are putting their wallets where their feelings are. According to the National Retail Federation 2015 Independence Day Survey conducted by Prosper Insights & Analytics, more than 156 million consumers, or 64% of those celebrating, are planning to take part in the July 4 holiday by attending a cookout, picnic or barbecue, spending an average of $71.23 per household, up 4% from $68.16 in 2014.