Things are getting more competitive in the supermarket retail space.
From Wolf Blitzer.
Albertson’s explained in an amended S-4 filing for a debt exchange offering just how tough things have gotten for traditional supermarket chains.
As is so often the case, there is a private equity angle to it. Albertson’s was acquired in a 2005 LBO by a group of PE firms led by Cerberus. In January 2015, it acquired Safeway to eliminate some competition. It then wanted to sell its shares to the public. But in October 2015, as brick-and-mortar retail began to melt down, it scrapped its IPO.
Manufacturing is likely to change for the better.
Ford CEO replaced by the company head of the mobility services division.
DEARBORN, Mich. — Ford Motor was the American automaker savvy enough to avoid bankruptcy when industry sales collapsed during the 2008 financial crisis. Then it rode economic recovery and cheap gasoline to record sales and profits. But what looks like success can turn upside down quickly in Detroit these days.
The latest evidence came Monday when Ford ousted its chief executive, Mark Fields, after only three years in the job. Mr. Fields had failed to persuade investors and his own board that the company was moving fast enough to develop the vehicles of the future, like battery-powered cars that drive themselves.
Amazon buys Whole Foods for $13.7b. The Economist explains some of the benefits and the challenges to existing retailers.
Cord cutting, competition and changing consumer preferences are taking subscribers from the cash cow behind the Disney conglomerate.
The Economist explains.
Barry Ritzholtz discusses trends behind bricks and mortar retail declines in Bloomberg.
Debt, income stagnation, outdated inflation indicies, time pressures, showrooming and competition for attention underscores a dramatic shift in consumer behavior.