RetailWit QuickWit Your Daily QuickWit (5/26): Top Retail News Yesterday's top retail news and most read stories RetailWit May 26, 2022May 26, 2022 < 1 min read Editor's Choice 0 Saving Bookmark this article Bookmarked 5
Shopper & Customer Restaurant Discontinuity Driven by Grocerant Growth Once again, Foodservice Solutions® Grocerant Guru® Steven Johnson predicts that 2022 will be a record year of chain restaurant discontinuity. Specifically, with more chain restaurant closing stores and fewer total chain restaurants open entering 2023. Regular readers of this blog know that back in the day (2005) the team at Foodservice Solutions® released a White Paper Restaurant Consumer Discontinuity; we […] Grocerant Guru May 27, 2022May 27, 2022 3 min read ConsumersDept. GroceryRestaurantsData & InsightsDept. Fresh PreparedDept. FreshMarketing: SocialDept. DeliDept. PerimeterShoppersDeliveryBrick and MortarPredictions and ForecastsStore LocationMeta (Facebook)Trends: TechTwitter 0 Saving Bookmark this article Bookmarked
Technology & Innovation RTIH lays out this week’s coolest retail technology plays RTIH Editor, Scott Thompson, brings you his top ‘future of retail systems’ deployments from the past week, including drone deliveries, Bitcoin rewards, smart shopping carts, and autonomous convenience stores. Pinterest and Samsung Pinterest has teamed with Samsung to launch of the first ever ‘flippable’ Pin on its platform. The aim is to show people just […] Retail Technology Innovation Hub May 27, 2022May 27, 2022 3 min read Technology & InnovationMarketing: SocialShoppersMetaverseTrends: TechDeliveryDept. HBCCVSInternational - UKWalmartCryptoTwitterPredictions and ForecastsQ CommerceStore LocationInternational - North AmericaPartnershipsPop UpsConsumersTech: CashierlessOmnichannelBrick and MortarPricing & PromotionsStrategyDept. ApparelTrends: RetailPhilanthropyDept. GroceryDept. Natural / OrganicESG and CSRHealth & WellnessOperations & Supply Chainsocial commerceNFT 0 Saving Bookmark this article Bookmarked
Channel: Delivery Ultrafast delivery firms Getir and Gorillas lay off workers Fast grocery delivery firms Getir and Gorillas said they are laying off workers in an effort to reach profitability more quickly. Getir cut about 14 percent of its global workforce. Gorillas cut its staff by about 300 workers. RetailWire May 27, 2022May 27, 2022 < 1 min read Q CommerceAssociatesDelivery 0 Saving Bookmark this article Bookmarked
Department: Food One ice cream cone maker dominates U.S. market You may not be familiar with the name but Joy Baking Group makes 41.3 percent of all the ice cream cones sold in U.S., according to IRI. Estimates are that it controls up to 70 percent of cones sold in food service operations. RetailWire May 27, 2022May 27, 2022 < 1 min read Dept. FrozenOperations & Supply ChainDept. GroceryInsight Providers 0 Saving Bookmark this article Bookmarked
Corporate Finance Flowers Foods ups dividend, share buyback authorization Quarterly payout would be 79th straight. Food Business News May 27, 2022May 27, 2022 < 1 min read Results & InvestmentDelivery 0 Saving Bookmark this article Bookmarked
Channel: Delivery Zapp launches the first ultra-fast delivery Period Store On-demand convenience app Zapp has launched a new Period Store for National Period Hygiene Day, this Saturday. The new store will feature all the essentials including organic tampons and pads,… The post Zapp launches the first ultra-fast delivery Period Store appeared first on Latest Retail Technology News From Across The Globe – Charged. ChargedRetail May 27, 2022May 27, 2022 < 1 min read Q CommerceDeliveryInternational - UKTechnology & InnovationHealth & WellnessDept. Natural / Organic 0 Saving Bookmark this article Bookmarked
Shopper & Customer If Amazon Did This, it Could Be Huge! Two-and-a-half years into my foray going from consultant to owning my own e-commerce business, I’ve realized a few things. No matter what we do, what other platforms we do business on with Premo Guard, Amazon.com is still the 800-pound gorilla in the room. And that frustrates the (insert expletive here) out of me. Now I’m […] Jim Gilbert May 27, 2022May 27, 2022 2 min read ShoppersAmazonDept. LaundryDept. Natural / OrganicAcquisitionDept. PetData & Insights 0 Saving Bookmark this article Bookmarked
Shopper & Customer How to Leverage Your App to Get More Customers The past two years have already, most likely, accelerated your investment in your app’s growth. In case you’re still on the fence, out of the estimated four hours that U.S. adults spend on their phones each day, 88 percent of that time happens within apps. Putting your app at the center of your omnichannel strategy […] Dor Birnboim May 27, 2022May 27, 2022 3 min read ShoppersStrategyPartnershipsOmnichannelMarketing: TradeMarketing: SocialTechnology & InnovationEconomyPricing & PromotionsMobile commerceTikTokTech: AR and VRTargetStore LocationResults & InvestmentMeta (Facebook)ConsumersMetaverseDept. ApparelDept. NonfoodESG and CSRGoogleWalmartMarketing: In StoreMarketing: Loyalty & SubscriptionAssociates 0 Saving Bookmark this article Bookmarked
Channel: Mass Victoria’s Secret Launches Inclusive-Focused Online Marketplace Victoria’s Secret & Co. has announced that it’s launching VS&Co-Lab, which is described as an inclusive shopping experience for all customers. VS&Co-Lab will be featured in a new section on the Victoria’s Secret website, where it will showcase brands that align with its values of innovation and inclusivity. VSCO said it sees important growth potential through partnerships […] Joe Keenan May 27, 2022May 27, 2022 < 1 min read InclusivityConsumersTechnology & InnovationTargetPartnershipsDept. Apparel 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Will Amazon Convert Shipping Expense into Profit? Amazon is on the brink of becoming the second-largest parcel delivery service in the U.S. Its shipping cost may become a profit center. The post Will Amazon Convert Shipping Expense into Profit? appeared first on Practical Ecommerce. Practical Ecommerce May 26, 2022May 26, 2022 < 1 min read DeliveryOperations & Supply ChainAmazonData & Insights 0 Saving Bookmark this article Bookmarked
Channel: Mass The Backroom: What Walmart and Target tell us about the state of retail in 2022 Rising food and gas prices are causing consumers to pull back on discretionary spending. That hurt retailers in the first quarter. RetailDive May 26, 2022May 26, 2022 < 1 min read WalmartTargetConsumersDept. GroceryDept. Fuel 0 Saving Bookmark this article Bookmarked
Shopper & Customer The ‘end to the good times’ is here as consumers brace against inflation: S&P Analysts see more risk to profits and sales as consumers manage spiking costs for fuel and food, and retailers face more pain on freight. RetailDive May 26, 2022May 26, 2022 < 1 min read ConsumersEconomyOperations & Supply ChainDept. GroceryDept. Fuel 0 Saving Bookmark this article Bookmarked
Technology & Innovation Tammy Girl returns to action as it makes debut on Asos After a 17 year hiatus, Tammy Girl is back, with fast fashion giant Asos relaunching the brand on its website. In 2005, Tammy Girl closed its high street stores after being bought by BHS, leaving UK pre-teens distraught. Manchester based, digital fashion firm, Daisy Street acquired the brand and partnered with Asos for a capsule […] Retail Technology Innovation Hub May 26, 2022May 26, 2022 2 min read Technology & InnovationReturnsPartnershipsShoppersDept. ApparelData & InsightsExecutivesInternational - UKConsumersStrategyDept. PetBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar Tree posts gains in sales and profits Dollar Tree reported a 6.5 percent sales gain in the first quarter and the chain’s earnings rose to $2.37 a share, up from $1.60 a year ago. “During the quarter, the Dollar Tree team successfully completed its conversion to the $1.25 price point, contributing to both sales and margin improvements,” CEO Michael Witynski said. RetailWire May 26, 2022May 26, 2022 < 1 min read Dollar TreeExecutivesResults & Investment 0 Saving Bookmark this article Bookmarked
Trends & External Forces Congress holds hearings on infant formula shortage Members of the House Energy and Commerce committee heard testimony from officials at the Food and Drug Administration (FDA) and Abbott Nutrition on infant formula shortages across the country. The FDA closed an Abbott plant after finding unsanitary conditions. Problems were discovered as part of a February recall and plant shutdown. RetailWire May 26, 2022May 26, 2022 < 1 min read GovernmentSustainabilityDept. Grocery 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Drivers getting hurt making Amazon deliveries In-house and third-party drivers for Amazon.com are being injured on the job in high numbers based on data from the company submitted to the Occupational Safety and Health Administration (OSHA). More than 18 percent of drivers have been injured seriously enough to report their injuries. RetailWire May 26, 2022May 26, 2022 < 1 min read AmazonData & InsightsHealth & Wellness 0 Saving Bookmark this article Bookmarked
Channel: Delivery FreshDirect to celebrate 20th anniversary of its launch Online grocer plans customer and employee promotions, community support over summer Supermarket News May 26, 2022May 26, 2022 < 1 min read FreshDirectMarketing: TradeShoppers 0 Saving Bookmark this article Bookmarked
Corporate Strategy Coborn’s taps retail veteran Keri Jones for board Longtime Target executive brings diverse background at chain stores Supermarket News May 26, 2022May 26, 2022 < 1 min read TargetExecutivesBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar General post strong sales gains in first quarter GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […] MMR May 26, 2022May 26, 2022 3 min read Dollar GeneralOperations & Supply ChainShoppersResults & InvestmentEconomyExecutivesMarketing: In StoreTechnology & InnovationPredictions and ForecastsStore LocationSustainabilityDept. ApparelBrick and Mortar 0 Saving Bookmark this article Bookmarked 5
Data & Insights CVS to launch virtual primary care solution WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […] MMR May 26, 2022May 26, 2022 3 min read CVSHealth & WellnessData & InsightsConsumersPredictions and ForecastsDept. HBCStrategyPricing & PromotionsMarketing: Direct & Personalization 0 Saving Bookmark this article Bookmarked
Retailer Media 22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. Bobsled Marketing May 26, 2022May 26, 2022 4 min read Marketing: Retail MediaData & InsightsTargetStrategyMarketing: Social 0 Saving Bookmark this article Bookmarked 5
Corporate Strategy Utilising data in retail to improve sustainability. Olof Hoverfält, Principle Consultant, Strategy and Business Design at technology consultancy Reaktor, has worked with a wide range of major brands such as Adidas and Tommy Hilfiger. In this article, he shares the different ways that retailers can ensure sustainability, as well as the valuable uses of data in retail. 1. How can retailers make sure […] Modern Retail May 26, 2022May 26, 2022 < 1 min read SustainabilityData & InsightsInternational - UKTechnology & InnovationStrategyDept. Apparel 0 Saving Bookmark this article Bookmarked
Department & Category 3 investments to successfully launch an online food business There are plenty of reasons why entrepreneurs choose to start their own food businesses. Some of them include wanting to create jobs in the local community, the scope to enjoy control over their schedule rather than working for a boss, or simply wanting to try something new. Meanwhile, others may just be excited to share […] Modern Retail May 26, 2022May 26, 2022 < 1 min read Dept. GroceryInternational - UK 0 Saving Bookmark this article Bookmarked
Technology & Innovation UK Facial Recognition Ruling Could Spur Innovation The U.K.’s data-privacy watchdog’s recent $10 million fine on facial recognition company Clearview AI Inc. could spur innovation in the space, including advancements in payments technology, as it “sets clearer ground rules for balancing software innovation with people’s right to privacy,” according to a report in The Wall Street Journal Wednesday (May 25). The Information […] Pymnts.com May 26, 2022May 26, 2022 2 min read Technology & InnovationGovernmentData & InsightsInternational - UKMarketing: SocialDept. NonfoodMeta (Facebook)AI / MLGoogleExecutivesEconomyTech: AIAgencies 0 Saving Bookmark this article Bookmarked
Technology & Innovation NRA: This Year’s Highlights, Trends and Must-See Booths of 2022 Take a quick dive into the happenings and surprises from this year’s biggest restaurant event! By Brittany Maroney, Director of Marketing Communications, PAR Punchh The National Restaurant Association Show was back, and in a big way! The halls of McCormick Place Convention Center in Chicago were packed with tens of thousands of eager food-loving fans, […] Partech May 26, 2022May 26, 2022 3 min read Technology & InnovationConsumersRestaurantsDept. GroceryMarketing: Loyalty & SubscriptionTech: RoboticsShoppersSustainabilityPackagingOmnichannelCOVID19Trends: Food and BeverageHealth & WellnessPricing & PromotionsData & InsightsDeliveryDept. PetPartnershipsOperations & Supply ChainPredictions and ForecastsVendors 0 Saving Bookmark this article Bookmarked
Channel: Delivery Zapp partners with Jiffy to offer quick commerce for Londoners Zapp and Jiffy have announced a tie up to offer quick commerce to London residents. The news comes soon after Jiffy’s announcement that it would cease to operate its grocery… The post Zapp partners with Jiffy to offer quick commerce for Londoners appeared first on Latest Retail Technology News From Across The Globe – Charged. ChargedRetail May 26, 2022May 26, 2022 < 1 min read Q CommerceInternational - UKPartnershipsTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Channel: Restaurants Carl Icahn loses proxy fight with McDonald’s over animal welfare Activist investor Carl Icahn lost his proxy fight with McDonald’s on Thursday, signaling that shareholders weren’t swayed by his animal-welfare concerns. CNBC May 26, 2022May 26, 2022 < 1 min read RestaurantsSustainability 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value 3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring Dollar Tree and Dollar General boosted their outlook for the year, noting that shoppers squeezed by inflation will seek cheaper prices. CNBC May 26, 2022May 26, 2022 < 1 min read Dollar TreeDollar GeneralResults & InvestmentShoppersEconomy 0 Saving Bookmark this article Bookmarked
Trends & External Forces Gap shares fall 13% after retailer slashes profit guidance for the year The lower-income consumer, which is Old Navy’s target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC. CNBC May 26, 2022May 26, 2022 < 1 min read ExecutivesTargetShoppersEconomyConsumers 0 Saving Bookmark this article Bookmarked
Partnerships & Alt Profit John Lewis joins childrenswear rental market through partnership with The Little Loop John Lewis is entering the kids’ clothing rental market through a partnership with childrenswear rental brand, The Little Looop. Launching on 26 May, the initial 51… View Article The Retail Bulletin May 26, 2022May 26, 2022 < 1 min read PartnershipsDept. Apparel 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Channel: Dollar/Value Corporate Strategy Corporate Finance Department: Consumer Durables Media & Marketing Shopper & Customer Technology & Innovation Trends & External Forces Operations & Supply Chain Stores & Formats Dollar General post strong sales gains in first quarter GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […] Written by MMR May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Data & Insights Corporate Strategy Department: HBC Media & Marketing Data & Insights Shopper & Customer Trends & External Forces Merchandising CVS to launch virtual primary care solution WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […] Written by MMR May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Retailer Media Corporate Strategy Media & Marketing Retailer Media Data & Insights 22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. Written by Bobsled Marketing May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Corporate Finance Retail Earnings Confuse Rather than Clarify Earnings, and retail earnings in particular, are not as straightforward as they sometimes seem. Written by NASDAQ May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Technology & Innovation Partnerships & Alt Profit Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Associates & Employees Merchandising Operations & Supply Chain Stores & Formats Developing a Perfect Store Strategy in 2022 In 2022, the perfect store is rooted in constant evolution — a system that maybe isn’t perfect in every moment, but is agile always, malleable when needed, and capable of critical self-reflection. These innate characteristics of the modern perfect store are supported by, and in return support, the adoption of a few important technologies and […] Written by Dor Sela May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked