Stop & Shop Closing 32 Grocery Stores in US Northeast
Stop & Shop said July 12 that it will close 32 underperforming grocery stores in the Northeast U.S. by the end of the year.
PepsiCo’s Q2 Profits Jump, but Demand Continues to Slip
PepsiCo reported higher-than-expected earnings in the second quarter but customer demand for its snacks and drinks continued to slip.
PepsiCo Beats Q1 Revenue Forecasts
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.
Airports See Record Volume and Fewer Issues for Thanksgiving
A record number of passengers traveled through U.S. airports over Thanksgiving weekend, the Transportation Security Administration said, with operations going smoothly nationwide.
Snowy Weather in Northeast Looms Over Holiday Travel Rush
The late crush of holiday travelers is picking up steam, with about 2.7 million people expected to board flights on Nov. 22 and millions more planning to drive to Thanksgiving celebrations.
Uber Offers to Return Parcels for $5
Uber said Oct. 4 that its drivers will collect up to five prepaid and sealed packages and drop them off at a local post office or at UPS or FedEx stores.
Aldi to Buy 400 Winn-Dixie, Harveys Stores in Southern US
Discount grocer Aldi said Aug. 16 it plans to buy 400 Winn-Dixie and Harveys supermarkets in the southern U.S.
PepsiCo Lifts 2023 Profit Forecast as Q2 Revenue Up 10%
Higher prices lifted PepsiCo’s revenue in the second quarter but dented consumer demand, and the company said July 13 price increases could start to moderate in the second half of this year.
Kroger, Albertsons to Merge in Bid to Create Grocery Giant
Two of the nation’s largest grocers have agreed to merge as Kroger on Oct. 14 bid $20 billion for Albertsons Companies Inc., or $34.10 per share.
BP Exits Stake in Russian Oil, Gas Company Rosneft
BP is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine.