RetailWit QuickWit The Daily QuickWit (1/26): Top Retail News Yesterday's top retail news and most read stories in commerce. RetailWit January 26, 2023January 26, 2023 2 min read AssociatesWalmartMarketing: SocialMarketing: Retail MediaTechnology & InnovationPredictions and ForecastsCostcoOperations & Supply ChainDeliveryCVSExecutivesMetaverseTrends: RetailPodcastsMondelezDept. PharmacyHealth & WellnessKrogerDollar TreeDept. ApparelTrends: Tech 0 Saving Bookmark this article Bookmarked 5
Media & Marketing BONUS EPISODE: NRF “Big Show” Recap We’re just back from New York and the 2023 edition of the National Retail Federation’s Big Show. As we rest our weary legs, we hop back on the mic to share some of our key takeaways gleaned from the Expo floor, the conference stages, conversations in the halls, and at various events we attended. We […] Remarkable Retail Podcast January 27, 2023January 27, 2023 2 min read Marketing: SocialPodcastsShoppersTechnology & InnovationTwitterDept. GroceryInternational - North AmericaAmazonData & InsightsConsultingStrategyExecutives 0 Saving Bookmark this article Bookmarked
Technology & Innovation Prada unveils ninth exclusive timecapsule NFT Luxury fashion retailer Prada has announced the latest launch of its ‘Timecapsule’ NFT collection. The Timecapsule drop is an online monthly event that takes place on the first Thursday of… The post Prada unveils ninth exclusive timecapsule NFT appeared first on Latest Retail Technology News From Across The Globe – Charged. ChargedRetail January 27, 2023January 27, 2023 < 1 min read NFTCryptoInternational - UKTechnology & InnovationDept. Apparel 0 Saving Bookmark this article Bookmarked
Technology & Innovation Pacsun Names 17-Year Company Veteran Co-CEO Pacsun has appointed President Brie Olson to the role of Co-CEO alongside Co-CEO Mike Relich, effective March 9, 2023. Current Pacsun Co-CEO Alfred Chang will step down after 17 years with the company to join Fear of God as CEO. Chang will stay with Pacsun in his current capacity until March 8 to facilitate the […] Retail TouchPoints January 27, 2023January 27, 2023 2 min read ExecutivesTechnology & InnovationMetaversePartnershipsTrends: TechPredictions and ForecastsMerchandisingMarketing: SocialDept. ApparelBrick and Mortar 0 Saving Bookmark this article Bookmarked
Technology & Innovation Should Your Business Invest in Technology Now? The big takeaway Your customers will respond to offerings that are genuinely useful and helpful to them, even in an economic downturn. The key is investing in innovation that adds value, rather than chasing what’s trendy. Need proof? Beauty giant L’Oreal has invested more in research and development every year, even in tough times. That […] Salesforce January 27, 2023January 27, 2023 5 min read Technology & InnovationShoppersResults & InvestmentDept. HBCExecutivesEconomyStrategyData & InsightsInsight ProvidersMetaverseMarketing: Direct & PersonalizationConsumersMarketing: SocialMerchandisingTargetTech: AR and VR 0 Saving Bookmark this article Bookmarked
Stores & Formats Baxters refreshes five soup recipes Food manufacturer Baxters has developed and refreshed five recipes within its Favourites soup range. The five enhanced soups include Cream of Tomato, Minestrone, Cream of Chicken, Carrot and Coriander and Country Garden, with Cream of Tomato leading the line-up. Available in stores now, Baxters’ new Favourites soups start from £1.60 for a 400g tin. The […] Talking Retail January 27, 2023January 27, 2023 < 1 min read Dept. GroceryBrick and Mortar 0 Saving Bookmark this article Bookmarked
Corporate Finance Bestway buys £195m slice of Sainsbury’s The Bestway group this morning reported that it has taken a £193m stake in Sainsbury’s and might buy more shares in the supermarket. Bestway, which operates Costcutter, Best-one and Bargain Booze in the independent convenience sector, now has a 3.45% stake in Sainsbury’s. It has indicated that this is purely an investment and is not […] Talking Retail January 27, 2023January 27, 2023 < 1 min read Results & InvestmentDept. Adult Bev 0 Saving Bookmark this article Bookmarked
Technology & Innovation How Wayfair is Prioritizing Innovation in its Brick-and-Mortar Strategy Wayfair is prioritizing innovation across its organization, supported by technology providers like Toshiba Global Commerce Solutions. While at the National Retail Federation Big Show in New York City last week, Editor-in-Chief Joe Keenan spoke with Kevin O’Riordan, head of physical retail and supply chain engineering at Wayfair, and Fredrik Carlegren, vice president of marketing and communications at Toshiba Global Commerce Solutions. In […] Kristina Stidham January 27, 2023January 27, 2023 < 1 min read Technology & InnovationStrategyCustomer ExperienceShoppersMarketing: SocialVendorsOperations & Supply ChainDept. Nonfood 0 Saving Bookmark this article Bookmarked
Shopper & Customer The Evolution of Medical Benefit Contracting: How Pharma Can Prepare Today’s guest post comes from Saket Patel, Consultant, Advisory Services at MMIT. Saket discusses market access and contracting strategies for medical benefit products when pharmacy benefit biosimilar therapies launch. He then describes how to automate formulary and medical policies to protect manufacturers from overpayment. Click here to learn about MMIT’s Contract Validation solution. Read on […] Drug Channels January 27, 2023January 27, 2023 2 min read Dept. PharmacyData & InsightsMarketing: SocialConsultingShoppersMeta (Facebook)ESG and CSR 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Boston Engineer Tests Pure-Play Curbside Pickup Store in Boston The Boston Globe writes about Addie’s, a new independent pickup-only grocery store that has opened in Norwood, Massachusetts, about 20 miles south of Boston. It is, the Globe writes, “the brainchild of Jim McQuade, an aerospace engineer by training, who says he became ‘obsessed’ with the online grocery concept more than a decade ago, after […] MorningNewsBeat January 27, 2023January 27, 2023 2 min read BOPISBrick and MortarTechnology & InnovationCompetitionResults & InvestmentPredictions and ForecastsDept. PerimeterDept. GroceryDept. FreshDept. DairyCOVID19Associates 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond Defaults On Its Loans The Wall Street Journal reports that “Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer has defaulted on its credit lines. “The home-goods chain said Thursday it received a notice of default from JPMorgan Chase & Co. on Wednesday. The banks are calling for […] MorningNewsBeat January 27, 2023January 27, 2023 < 1 min read Bed Bath & BeyondPartnershipsEconomyBrick and MortarBankruptcy 0 Saving Bookmark this article Bookmarked
Trends & External Forces CVS Health launches Community Equity Alliance WOONSOCKET, R.I. —CVS Health announced a new initiative that will address barriers to care in underserved communities across the country. The CVS Health Community Equity Alliance is being established to expand the community health worker workforce, enhance connections between health care institutions and communities and address disparities in heart health and mental health outcomes. The Alliance […] MMR January 27, 2023January 27, 2023 3 min read Health & WellnessCVSAssociatesDept. HBCPartnershipsStrategyESG and CSRTechnology & InnovationOmnichannelData & InsightsDept. NonfoodExecutivesInclusivityMarketing: SocialGoogle 0 Saving Bookmark this article Bookmarked
Department & Category Food Lion launches ‘food pharmacy’ pilot program SALISBURY, N.C. — Food Lion and Novant Health are collaborating to launch a food pharmacy pilot program at Novant Health New Hanover Regional Medical Center in Wilmington, NC. A leading omnichannel retailer serving towns and cities across 10 states, Food Lion is committed to nourishing neighbors and families, setting them up for success in life. […] MMR January 27, 2023January 27, 2023 2 min read Dept. GroceryAhold DelhaizeDept. PharmacyHealth & WellnessMerchandisingPartnershipsOmnichannelDept. FreshBrick and MortarExecutivesMarketing: UGCMarketing: BrandDept. DairyDept. PerimeterResults & InvestmentDept. BeverageData & InsightsPackagingStrategy 0 Saving Bookmark this article Bookmarked
Channel: Mass Meijer Grocery format debuts with two new stores GRAND RAPIDS, Mich. — Supercenter pioneer Meijer opened its first two Meijer Grocery stores in the Detroit metro area on Friday, introducing a more streamlined, food-focused shopping experience to customers in communities where there is no room for a full-sized Meijer store. “As a company, we’ve opened more than 500 supercenters, neighborhood markets and Meijer […] MMR January 27, 2023January 27, 2023 3 min read MeijerBrick and MortarShoppersDept. GroceryStore LocationPhilanthropyDept. FreshExecutivesDept. RefrigeratedDept. PerimeterPartnershipsDept. BakeryDept. HBCDept. Fresh PreparedDept. DeliMarketing: In StoreTech: CashierlessInclusivityHealth & WellnessDept. NonfoodEconomyDept. PharmacyDeliveryTechnology & InnovationBOPIS 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS, Walmart to cut pharmacy hours amid labor concerns NEW YORK — CVS Health and Walmart said they will be reducing pharmacy hours to address the ongoing pharmacist shortage, The Wall Street Journal reported Friday. CVS plans to cut or shift operating hours at about two-thirds of its 9,000-strong U.S. network in March, while Walmart intends to close most of its nearly 4,600 stores two […] MMR January 27, 2023January 27, 2023 < 1 min read Dept. PharmacyCVSAssociatesWalmartBrick and MortarWalgreensStrategyHealth & WellnessEconomy 0 Saving Bookmark this article Bookmarked
Channel: Grocery Ahold Delhaize USA pulls back the curtain on data Rom Kosla, chief information officer for the grocer’s Retail Business Services arm, shares how the company collects and stores information and turns it into actionable insights. Grocery Dive January 27, 2023January 27, 2023 < 1 min read Ahold DelhaizeData & InsightsExecutivesBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Restaurants Chipotle seeks to hire 15,000 restaurant workers ahead of busy spring months [[ Getty Images Chipotle Mexican Grill is seeking to hire 15,000 restaurant workers ahead of its busiest time of the year, which runs from March to May. In recent months, restaurants have found it easier to attract and retain workers, a reversal after the labor crunch that ensued after pandemic lockdowns. However, the sector has […] CNBC January 27, 2023January 27, 2023 < 1 min read RestaurantsAssociatesTechnology & InnovationCOVID19EconomyHealth & WellnessConsumersMeta (Facebook)Dept. HBCData & InsightsPricing & PromotionsResults & InvestmentTargetInternational - North AmericaAmazon 0 Saving Bookmark this article Bookmarked
Trends & External Forces Walmart-owned Sam’s Club plans to open about 30 new stores over next five years [[ Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to open in Florida in 2024. Sam’s Club also plans to open five fulfillment and distribution centers this year, with the […] CNBC January 27, 2023January 27, 2023 4 min read Brick and MortarWalmartCostcoData & InsightsOperations & Supply ChainEconomyCOVID19Dept. FuelAssociatesDept. GrocerySams ClubShoppersBOPISBed Bath & BeyondBJ’s Wholesale ClubDept. BeverageDept. PetPackagingDept. NonfoodCompetitionDeliveryDept. Fresh PreparedDept. FreshTechnology & InnovationExecutivesOwned Brands (Private Label)Predictions and ForecastsDept. Paper 0 Saving Bookmark this article Bookmarked
Associates & Employees Dollar General worker safety fines top $15 million since 2017, Labor Department says [[ Bloomberg ]] CNBC January 27, 2023January 27, 2023 < 1 min read Dollar GeneralAssociates 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Hasbro warns of weak holiday quarter results, cuts 15% of its workforce [[ Getty Images Hasbro said Thursday it would eliminate around 1,000 employee positions and warned of weak holiday-quarter results. Shares of the toy maker fell more than 6% in extended trading. “Despite strong growth in Wizards of the Coast and Digital Gaming, Hasbro Pulse, and our licensing business, our Consumer Products business underperformed in the […] CNBC January 27, 2023January 27, 2023 2 min read Dept. Toys & GamesHoliday & EventsConsumersAssociatesResults & InvestmentSustainabilityStrategyPredictions and ForecastsOperations & Supply ChainExecutivesEconomyData & InsightsCOVID19 0 Saving Bookmark this article Bookmarked
Technology & Innovation RTIH Top 100 Retail Technology Influencers List: this is your last chance to enter We’re gearing up to publish the latest edition of the RTIH Top 100 Retail Technology Influencers List. RTIH is scouring the retail tech world to find the most influential figures for this comprehensive list of people and trends that shaped the industry in 2022 and will continue to drive it further in 2023. With the […] Retail Technology Innovation Hub January 27, 2023January 27, 2023 < 1 min read Technology & InnovationMarketing: SocialTech: CashierlessTwitterDeliveryBrick and MortarCOVID19MetaverseTrends: TechNFTQ Commerce 0 Saving Bookmark this article Bookmarked
Corporate Finance NRF 2023: Top Retail Influencers’ Key Takeaways The RETHINK Retail team ventured to NYC from January 14-17th for NRF 2023: Retail’s Big Show. While there, we had the opportunity to speak with attendees from our Top Retail Influencer community and learn about their event experience. #TRI members- April Sabral, Andrew Smith, Carl Boutet, Alberto Serrentino, Charles Haseman, Christine Russo, Guy Courtin, and […] Rethink Retail January 27, 2023January 27, 2023 5 min read Technology & InnovationMarketing: SocialData & InsightsOperations & Supply ChainShoppersPredictions and ForecastsExecutivesData VisualizationOmnichannelBrick and MortarCustomer ExperienceReturnsAssociatesTrends: RetailSustainabilityResults & InvestmentIndustry Conferences and EventsMerchandisingInsight ProvidersConsultingDept. ApparelVendorsMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
Trends & External Forces How Lego transformed after the pandemic Company leadership said the most important lesson learned during the pandemic was to remain agile. RetailDive January 27, 2023January 27, 2023 < 1 min read COVID19Dept. Toys & Games 0 Saving Bookmark this article Bookmarked
Technology & Innovation 5 Ways to Use ChatGPT for SEO Google thus far disallows AI-generated content in its index. But the SEO benefit of ChatGPT and similar tools is increased productivity, not producing entire articles. The post 5 Ways to Use ChatGPT for SEO appeared first on Practical Ecommerce. Practical Ecommerce January 27, 2023January 27, 2023 < 1 min read ChatGPTData & InsightsTechnology & InnovationGoogleDept. Nonfood 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Three Use Cases for Amazon Marketing Cloud It seems like everyone is talking about Amazon Marketing Cloud lately. You might be wondering why there is so much excitement for AMC, and how you can actually use Amazon’s newest analytics tool to grow your business. Today, we’ll walk through three categories of use cases that advertisers like yourself can start implementing today. What […] Intentwise January 27, 2023January 27, 2023 4 min read AmazonData & InsightsTechnology & InnovationShoppersTargetMarketing: ShopperStore LocationAcquisitionSustainabilityStrategy 0 Saving Bookmark this article Bookmarked
Shopper & Customer What brands can learn from Vietnam’s ready meal market What used to be known as TV dinners featuring foods that were edible but bland are now called ready meals and they are anything but tasteless. Instead, these ready meals are mostly appetising and flavourful and save consumers a lot of time and effort. The demand for ready meals is no longer just a Western […] Mintel January 27, 2023January 27, 2023 < 1 min read ConsumersMarketing: BroadcastDept. Grocery 0 Saving Bookmark this article Bookmarked
Department: HBC Translating trends into innovation: How beauty brands in APAC can stay relevant Today’s consumers want the beauty brands they use to source ingredients ethically, are transparent and authentic, appealing to the senses, and offer products with high efficacy. With this in mind, how can brands find the right balance of these trends while still delivering good value to their discerning consumers? In 2023, there will be a […] Mintel January 27, 2023January 27, 2023 < 1 min read Dept. HBCConsumersTechnology & Innovation 0 Saving Bookmark this article Bookmarked
CPG & FMCG Unilever first to test Disney’s identity integration with Trade Desk Disney continues to enhance its ad business, partnering with EDO around outcome measurement and improving ad targeting on Disney+. MarketingDive January 27, 2023January 27, 2023 < 1 min read UnileverStreamingPartnerships 0 Saving Bookmark this article Bookmarked
Channel: Restaurants KFC Canada unveils winterized outdoor basketball court As part of the “KFC Buckets Are Life” campaign, the court features pre-warmed basketballs and nets made to look like the chain’s chicken buckets. MarketingDive January 27, 2023January 27, 2023 < 1 min read RestaurantsInternational - North America 0 Saving Bookmark this article Bookmarked
Corporate Strategy Snap makes latest exec appointment in monetization chase Ty Ahmad-Taylor comes from Meta and will serve as vice president of organic growth and product marketing during a pivotal period for the company. MarketingDive January 27, 2023January 27, 2023 < 1 min read ExecutivesMeta (Facebook)Health & WellnessDept. Natural / Organic 0 Saving Bookmark this article Bookmarked
Corporate Purpose What are the leading companies in 3D bioprinting? Bioprinting is a promising technology that offers hope to patients on the notoriously lengthy waiting lists for organ donation. Not unlike additive manufacturing, bioprinting involves 3D printing technology but instead uses organic material. The aim is to imitate natural tissue for a range of applications, including drug discovery, tissue engineering, and regenerative medicine. BCC Research January 27, 2023January 27, 2023 < 1 min read Dept. Natural / OrganicTechnology & InnovationPricing & PromotionsPhilanthropyOperations & Supply ChainMarketing: SocialHealth & Wellness 0 Saving Bookmark this article Bookmarked
Shopper & Customer Department: Nonfood Corporate Strategy Corporate Finance ESG Media & Marketing Agencies & Vendors Data & Insights Shopper & Customer Trends & External Forces Holiday & Events Operations & Supply Chain Millennials Dominated Holiday Shopping Spend — Here’s What it Means for 2023 In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […] Written by Kelly Pedersen January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Data & Insights Department: Consumer Durables ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Holiday & Events Operations & Supply Chain Stores & Formats Retail Traffic Trends #112: Consumer Habits 2023 While some trends come and go, there were a few trends that have stayed with consumers throughout the year. As online shopping continues to be a popular choice for consumers, physical stores can offer shoppers perks that e-commerce can’t replicate. This week we look at trends to increase foot traffic and customer loyalty. […] Written by Doorcounts January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Channel: Grocery - Natural Channel: Grocery - Natural Data & Insights Technology & Innovation Stores & Formats Just Walk Out gives Whole Foods stores an edge, data shows The two stores in the chain outfitted with Amazon’s checkout-free technology did better in some ways than nearby locations without the automated system during the second half of 2022, Placer.ai found. Written by Grocery Dive January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Channel: Grocery Department: Food Shopper & Customer Trends & External Forces ShopRite adds online filters to help shoppers choose products and recipes The improvements are intended to help shoppers find products and recipes that meet specific criteria, such as dairy-free, vegan, vegetarian and gluten-free. Written by Grocery Dive January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Department: Nonfood Data & Insights Technology & Innovation 7 online grocery trends for retailers to watch Online grocery shopping is here to stay. Top online grocery trends include AI tools, drone delivery, data security, and ready-made meals. Written by Future of Commerce January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked