Wegmans, Publix and Nugget Markets have earned places in Fortune magazine's list of 100 Best Companies to Work For in 2018. All three grocers have managed to make the list, based on employee survey results, for at least nine years running.
Sears expects to book a fourth-quarter profit of between $140 million and $240 million, despite a double-digit dip in same-store sales, thanks to a benefit of up to $495 million from the new tax law, the retailer said in a regulatory filing. The company also said it will record an impairment charge linked to its trade name for the third consecutive year as revenue continues to fall.
Toy retailer FAO Schwarz has returned to growth mode after shuttering its iconic New York City store two years ago, with plans to expand internationally. The retailer will partner with Chinese distributor Kidsland to open stores in Beijing and Shanghai in 2018, and it has teamed with Hudson Group to open branded shops at airports in the US and Canada.
H.E. Butt Grocery is buying Favor Delivery, an Austin-based service that delivers restaurant meals and groceries across Texas. Favor will initially continue to operate as a separate subsidiary, H-E-B executives said, even as they acknowledged the major role of grocery delivery in their business plans.
Unilever has launched three new foam body washes, including Dove's Shower Foam and Caress Botanicals Shower Foam in several varieties. The company also rolled out Dove Men+Care Foaming Body Wash in clean comfort, deep clean and extra fresh options.
Harry's has raised $112 million in a new funding round that it will use to add new lines including baby products and personal care, said co-founder Jeff Raider. The online shave brand launched about five years ago, grew with the acquisition of a German razor blade factory and has since started selling its products at retailers including Target.
Facebook responded positively to Unilever's commitment to cease advertising through platforms that sow political and cultural division. Adam Mosseri, the social network's news feed chief, acknowledged Facebook's responsibilities, saying "it's on us to make sure we deliver and meet whatever expectations that they have, but we commend the [Unilever] announcement."
December's strong holiday sales made it likely that sales would dip in January, and the 3.6% year-over-year increase offers retailers a more accurate metric, former Hudson's Bay Co. and Toys R Us CEO Jerry Storch said. Inflation of about 2% to 3% could help boost retail sales this year, he said.