Bloomberg Grocery stores are booming as the coronavirus pandemic drives Americans to stock up their pantries. But the nation’s biggest grocer is largely missing out. Walmart Inc, which has sat at the top of the food chain for years, has lost market share to companies like Kroger Co and Albertsons Cos, whose quarterly sales have risen by double-digit percentages. While ...

Bloomberg Bed Bath & Beyond will eliminate 2,800 jobs under a plan to cut costs and streamline operations amid deepening challenges for brick-and-mortar retailers. The “significant workforce reduction” will begin immediately, affecting both corporate headquarters and retail stores, the home-goods retailer said in a statement. Along with previously announced restructuring actions, the latest effort will result in as much as ...

Bloomberg What’s going on with Kim Jong-un? Is he sick? Worried about Covid-19? Consumed by an economic crisis? Battling internal threats? Perhaps the North Korean leader is biding his time until the US presidential election? Or maybe he’s playing the same game of threats, reconciliation and retreat that has kept his family in charge of the secretive state since the ...