QuickWit Weekly QuickWit Weekly (5/28/23) Last Week’s Top Retail News Last week's trending retail news topics and most interesting & most read stories in commerce. RetailWit May 28, 2023May 30, 2023 < 1 min read AITechnology & InnovationHealth & WellnessSustainabilityWalmartConsumersMarketing: SocialResults & InvestmentHome DepotTikTokTargetPublixAssociatesLegal & CriminalTrends: ConsumerExecutivesData & InsightsShoppers 0 Saving Bookmark this article Bookmarked 5
Trends & External Forces Wicked Kitchen acquires plant-based seafood company Current Foods is Wicked Kitchen’s second acquisition since April 2020. Food Business News June 1, 2023June 1, 2023 < 1 min read AcquisitionTrends: Food and BeverageHealth & WellnessDept. Fresh 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Lululemon shares surge after reporting 24% sales growth, raising full-year guidance [[“value”:”Lululemon reported healthy first quarter profits that beat Wall Street’s estimates.”]] CNBC June 1, 2023June 1, 2023 < 1 min read Dept. ApparelEconomy 0 Saving Bookmark this article Bookmarked
Corporate Finance Here’s what earnings from industry rivals mean for two Club names [[“value”:”Fresh quarterly results from competitors of two Club holdings spell good news for our portfolio.”]] CNBC June 1, 2023June 1, 2023 < 1 min read Results & InvestmentDept. Fresh 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Aldi launches 30-minute delivery Aldi Express offers a selection of nearly 2,000 items and joins other services from Kroger, Publix and Ahold Delhaize aimed at satisfying online demand for impulse and fill-in trips. Grocery Dive June 1, 2023June 1, 2023 < 1 min read AldiDeliveryAhold DelhaizePublixPricing & PromotionsKroger 0 Saving Bookmark this article Bookmarked
CPG: Food Heinz honors ‘irrational’ fan love in first unified global brand platform Representing Kraft Heinz’s biggest media investment to date, the effort celebrates tales of brand passion, such as ketchup bottle tattoos. MarketingDive June 1, 2023June 1, 2023 < 1 min read KraftHeinzResults & Investment 0 Saving Bookmark this article Bookmarked
Media & Marketing Verizon-owned Visible launches Pride Month game show ‘No Straight Answers’ The ‘70s-inspired game show will stream on TikTok, Instagram and YouTube and challenges two teams to games like “LGBTQ&A” and “Slang Slam.” MarketingDive June 1, 2023June 1, 2023 < 1 min read Marketing: SocialTikTokMeta (Facebook)InclusivityDept. Toys & GamesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Trends & External Forces Walmart’s Healthcare Rx: Higher Wages The New York Times this morning reports that Walmart said yesterday that “it was increasing the wages for 7,700 of its pharmacists and opticians, as it expands its health business and seeks to retain the workers in a competitive environment. “The retailer said the raise would push the average annual salary of the more than […] MorningNewsBeat June 1, 2023June 1, 2023 < 1 min read Health & WellnessWalmartAssociatesSustainabilityStore LocationResults & InvestmentBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value DG posts higher sales and earnings GOODLETTSVILLE, Tenn. – Dollar General Corp. today said net sales increased 6.8% in its first quarter. Same-store sales were up 1.6%. Operating profit declined slightly, to $740.9 million, and diluted earnings per share declined 2.9% to $2.34 as the retailer confronted a macroeconomic environment that was “more challenging than expected,” according to Jeff Owen, Dollar […] MMR June 1, 2023June 1, 2023 3 min read Dollar GeneralResults & InvestmentBrick and MortarShoppersEconomyOperations & Supply ChainCustomer ExperienceExecutivesDept. ApparelTechnology & InnovationPredictions and ForecastsStore LocationSustainabilityAssociates 0 Saving Bookmark this article Bookmarked
Data & Insights Walmart makes waste reduction move as it eyes more sustainable omnichannel fulfilment network Walmart is adopting new measures designed to reduce the amount of packaging waste associated with online orders. This includes moving from plastic to recyclable paper mailers, right-sizing cardboard box packaging, giving customers the option to consolidate shipping on e-commerce orders, opting out of single-use plastic bags for online pickup orders and last mile delivery efficiencies […] Retail Technology Innovation Hub June 1, 2023June 1, 2023 2 min read Technology & InnovationWalmartSustainabilityAIData & InsightsDeliveryShoppersOmnichannelPackagingBrick and MortarOperations & Supply ChainExecutivesBOPISPredictions and ForecastsAmazon 0 Saving Bookmark this article Bookmarked
Shopper & Customer Why Loyalty Programs Are Essential for Retailers During an Economic Downturn Today’s uncertain economic landscape is plagued with high inflation and continued supply chain issues, and experts predict a 70 percent likelihood of a U.S. recession in 2023. With a potential downturn on the horizon, a reported 62 percent of consumers have stated they’re cutting back on their spending or looking for additional ways to save. […] Mary English June 1, 2023June 1, 2023 2 min read ShoppersMarketing: Loyalty & SubscriptionEconomyData & InsightsConsumersPricing & PromotionsConsultingCustomer ExperienceMarketing: Direct & PersonalizationOperations & Supply ChainDeliveryDept. FuelPredictions and ForecastsMarketing: Trade 0 Saving Bookmark this article Bookmarked
Technology & Innovation Amazon Adopting AI To Automate Warehouse Processes The Wall Street Journal this morning reports that Amazon is using artificial intelligence (AI) tools “across a dozen of its largest warehouses to screen items for damage before orders are shipped to customers.” According to the story, the technology is expected “to cut the number of damaged items sent out, speed up picking and packing, […] MorningNewsBeat June 1, 2023June 1, 2023 < 1 min read Technology & InnovationOperations & Supply ChainAIAmazonAssociatesTech: AIEconomyDept. Nonfood 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar General Workers Push For Safer Working Conditions While Dollar General is opening stores at an extraordinary pace, at the rate of about 1,000 a year, there seems toi be growing discontent within its workforce. CNN reports this morning that “following repeated violent incidents and federal workplace safety violations at stores, some Dollar General workers and labor advocates are calling for stronger safety […] MorningNewsBeat June 1, 2023June 1, 2023 2 min read Dollar GeneralAssociatesBrick and MortarHealth & WellnessUnileverExecutivesEconomyData & Insights 0 Saving Bookmark this article Bookmarked
Channel: Restaurants Chick-fil-A’s ‘Culture of Belonging’ Hit For Being Too Woke Add Chick-fil-A to the list of companies being drawn into the nation’s culture wars. The New York Times reports today – not coincidentally, the beginning of Pride Month – that “Chick-fil-A drew fierce criticism this week from conservatives calling out the fast-food chain for its diversity, equity and inclusion policy and questioning the hiring of […] MorningNewsBeat June 1, 2023June 1, 2023 3 min read RestaurantsInclusivityAssociatesTwitterMarketing: SocialShoppersExecutivesCoca ColaDept. GroceryGovernmentSustainabilityESG and CSR 0 Saving Bookmark this article Bookmarked
Trends & External Forces Your Views: Continuing Promises We’ve spent a lot of time here on MNB talking about the problems – and, I would argue, the continuing promise – of America’s cities, which prompted one MNB reader to write: In a very recent interaction with a woman who said she would not come into downtown Minneapolis, fearing crime, and thus remaining in […] MorningNewsBeat June 1, 2023June 1, 2023 3 min read AssociatesMergersGovernmentKrogerCompetitionShoppersAlbertsons / SafewayAcquisitionUnileverBrick and MortarHealth & WellnessMarketing: TradePricing & PromotionsTarget 0 Saving Bookmark this article Bookmarked
Shopper & Customer What is market intelligence and how is it used? If market intelligence feels like one of those buzzwords you should know the ins and outs of but don’t, you’ve come to the right place. In this blog, we’ll run you through a definition of market intelligence, why it’s important, what it’s used for, and an example of how it helped a brand develop a […] GWI (Global Web Index) June 1, 2023June 1, 2023 4 min read ConsumersData & InsightsTechnology & InnovationTargetDept. BeverageMarketing: SocialShoppersExecutivesTikTokInternationalStrategyThick DataPredictions and ForecastsHealth & WellnessPartnerships 0 Saving Bookmark this article Bookmarked
Corporate Finance Dollar General stock drops as ‘challenging’ economic backdrop drives dismal earnings report Dollar General said a worse than expected macroeconomic backdrop is impacting its customers spending, leading the discounter to slash its full year outlook. CNBC June 1, 2023June 1, 2023 < 1 min read EconomyDollar GeneralResults & Investment 0 Saving Bookmark this article Bookmarked
Technology & Innovation Walmart uses AI to inform its security analysts Walmart has used artificial intelligence technology to find patterns and make sense of the trillions of pieces of data it generates every year. “There’s scale, and then there’s Walmart scale,” said Rob Duhart, Walmart’s deputy chief information security officer. Walmart, which has developed some AI tools in-house, is also looking at generative AI systems to… […] RetailWire June 1, 2023June 1, 2023 < 1 min read Technology & InnovationAIWalmartTech: AIMeta (Facebook)Dept. NonfoodData & Insights 0 Saving Bookmark this article Bookmarked
Merchandising Many Walmart shoppers will soon see new packaging as retailer tries to cut waste By the end of the year, Walmart, the nation’s biggest retailer, will also allow customers to opt out of plastic bags when using curbside pickup. CNBC June 1, 2023June 1, 2023 < 1 min read PackagingWalmartSustainabilityShoppersBOPIS 0 Saving Bookmark this article Bookmarked
Corporate Purpose Most Americans say companies should publicly support LGBTQ+ community, new GLAAD survey finds The study comes as retailers like Target, Kohl’s and PetSmart have come under attack for their annual LGBTQ Pride merchandise displays and ad campaigns. CNBC June 1, 2023June 1, 2023 < 1 min read InclusivityThick DataTarget 0 Saving Bookmark this article Bookmarked
Technology & Innovation Walmart making its fulfillment network more sustainable BENTONVILLE, Ark. – Walmart has announced new measures designed to make its online orders more sustainable. Recognizing that its customers have hundreds of millions of packages shipped from Walmart each year, the retailer said Thursday that it is making it easier for customers to reduce plastic waste, for example. Moving forward, nearly all orders shipped […] MMR June 1, 2023June 1, 2023 3 min read Technology & InnovationAIWalmartSustainabilityShoppersDeliveryBrick and MortarOmnichannelOperations & Supply ChainExecutivesPackagingESG and CSRBOPISPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Media & Marketing Content Marketing Strategy Framework: Everything you should know If your job is somehow related to the Ecommerce field, It is almost impossible to not hear the famous quote : Content is king. Bill Gates We can assume that this quote is the primary pillar of “Content Marketing” popularity in this era. Content marketing is an effective way to reach, engage and convert a […] Ecommerce Nation June 1, 2023June 1, 2023 12 min read Marketing: SocialESG and CSRStore LocationShoppersTargetStrategyData & InsightsTechnology & InnovationHealth & WellnessData VisualizationDept. Natural / OrganicOperations & Supply ChainMeta (Facebook)SustainabilityMarketing: Direct & PersonalizationResults & InvestmentConsumersMarketing: Loyalty & SubscriptionAcquisitionStreamingMarketing: Retail MediaDept. NonfoodDept. ApparelConsultingAssociatesMarketing: Digital MediaPricing & PromotionsPartnershipsNestleMergersDept. HBCPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
CPG: Food Cheerios claims lofty spot in brand trust survey Beats out Kellogg’s and Campbell’s, according to Morning Consult. Food Business News May 31, 2023May 31, 2023 < 1 min read Thick DataGeneral MillsKellogg's 0 Saving Bookmark this article Bookmarked
Technology & Innovation Six Flags preps first amusement park micro market launch featuring Amazon Just Walk Out technology Six Flags is set to become the first theme park operator to pilot Amazon’s Just Walk Out technology, with the aim of reducing wait times for customers wanting to purchase food and drinks. It will soft launch the tech at its theme park in New Jersey on 1st June. A similar roll-out is planned later […] Retail Technology Innovation Hub May 31, 2023May 31, 2023 2 min read Technology & InnovationTech: CashierlessAmazonInternational - UKPartnershipsCoca ColaMarketing: SocialTwitterShoppersDept. GroceryDept. FreshBrick and MortarStore LocationDept. BeverageDept. BakeryDept. Perimeter 0 Saving Bookmark this article Bookmarked
Shopper & Customer Instacart piloting ‘favorite shopper’ feature The feature, which allows consumers to single out their preferred in-store shoppers to fulfill future orders, will roll out in the coming weeks among select users. Dive Brief: Instacart said in a Tuesday blog it will pilot a feature for customers that lets them select their favorite personal shoppers to fulfill online orders. Select customers and personal shoppers […] Grocery Dive May 31, 2023June 1, 2023 2 min read InstacartShoppersDeliveryConsumersPredictions and ForecastsMarketing: In Store 0 Saving Bookmark this article Bookmarked
Trends & External Forces Walmart raising pay for pharmacists, opticians BENTONVILLE, Ark. – Walmart today announced it is raising pay for approximately 3,700 pharmacists and 4,000 opticians while also rolling out a new pathway for opticians to grow their careers with industry-recognized training that’s 100% paid for by the company. Walmart pharmacists will now be paid more than $140,000, not including bonuses and incentives, the […] MMR May 31, 2023May 31, 2023 2 min read Health & WellnessWalmartAssociatesDept. PharmacyDept. HBCExecutivesStrategyPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Channel: Delivery Instacart rolls out ‘Ask Instacart’ ChatGPT feature The company is also testing a feature that allows users to “favorite” their preferred shoppers Supermarket News May 31, 2023June 1, 2023 < 1 min read InstacartDeliveryChatGPTAIShoppers 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Chewy shares surge after earnings beat on top and bottom lines [[“value”:”Chewy shares surged in extended trading after the company beat earnings estimates on the top and bottom lines.”]] CNBC May 31, 2023May 31, 2023 < 1 min read Results & InvestmentChewy 0 Saving Bookmark this article Bookmarked
Corporate Strategy Dollar General promotes multiple executives The discounter has elevated Chad Fox to the role of senior vice president and chief marketing officer as well as given him responsibility for its digital operations. Grocery Dive May 31, 2023May 31, 2023 < 1 min read ExecutivesDollar GeneralOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Stores & Formats Albertsons gives its Signature private brands a single identity The grocer is bringing its Signature Farms, Signature Care and Signature Cafe private labels under its flagship Signature Select brand and has launched a new advertising campaign to promote the expanded product line. Dive Brief: Albertsons announced Wednesday it is bringing its Signature Farms, Signature Care and Signature Cafe private label products under its flagship Signature Select […] Grocery Dive May 31, 2023June 1, 2023 < 1 min read Owned Brands (Private Label)Albertsons / SafewayPackagingFlagship Stores 0 Saving Bookmark this article Bookmarked
Department: Nonfood At Home Taps Walmart Vet for Top Merchandising Role At Home has named Jeff Evans as President and Chief Merchandising Officer, effective June 19. Evans will leverage 32 years of industry experience including ecommerce, brand building, product development, sourcing and identifying business opportunities, to help the home décor retailer advance its business. Evans has held senior leadership positions at Walmart for 15 years, most […] Retail TouchPoints May 31, 2023June 1, 2023 < 1 min read WalmartMerchandisingExecutivesShoppersDept. ApparelMarketing: SocialOmnichannelData & InsightsDept. NonfoodDept. Toys & GamesPredictions and ForecastsStrategyBrick and MortarAssociates 0 Saving Bookmark this article Bookmarked
Shopper & Customer Shopper & Customer Trends & External Forces Adventure and novelty identified as 2023 flavor trends Kerry’s Flavor Insights report reveals 2023 foodservice consumer trends. Written by Food Business News June 1, 2023June 1, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Channel: Ecommerce & Digital Media & Marketing Shopper & Customer Trends & External Forces Instacart piloting ‘favorite shopper’ feature The feature, which allows consumers to single out their preferred in-store shoppers to fulfill future orders, will roll out in the coming weeks among select users. Dive Brief: Instacart said in a Tuesday blog it will pilot a feature for customers that lets them select their favorite personal shoppers to fulfill online orders. Select customers and personal shoppers […] Written by Grocery Dive May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked
Stores & Formats Merchandising Owned Brands (Private Label) Stores & Formats Albertsons gives its Signature private brands a single identity The grocer is bringing its Signature Farms, Signature Care and Signature Cafe private labels under its flagship Signature Select brand and has launched a new advertising campaign to promote the expanded product line. Dive Brief: Albertsons announced Wednesday it is bringing its Signature Farms, Signature Care and Signature Cafe private label products under its flagship Signature Select […] Written by Grocery Dive May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked
Associates & Employees Department: Nonfood Technology & Innovation Trends & External Forces Associates & Employees More Than 1,700 Amazon Employees Plan Walkout Today From the Seattle Times: “More than 1,700 Amazon employees have pledged to walk off the job on Wednesday, demanding more flexibility with remote work and more attention on Amazon’s climate impact. “Of the 1,726 employees who had signed on to participate by Tuesday afternoon, about 830 plan to physically walk out of offices in Amazon’s […] Written by MorningNewsBeat May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked
Channel: Delivery Channel: Ecommerce & Digital Department & Category Department: Food Data & Insights Technology & Innovation Instacart begins nationwide rollout of ChatGPT search tool The tool allows customers to find products as well as recipes, food prep tips and more using “natural language” instead of keyword-based searches. Dive Brief: Instacart announced Wednesday it has begun the rollout of an artificial intelligence powered search tool that leverages ChatGPT called Ask Instacart. The company said the new capability will scale to all […] Written by Grocery Dive May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked