Channel: Specialty & Other

Articles about the specialty channel (Pet, Home Improvement, Office, etc.)

  1. Channel: Specialty & Other

Grocery chains lose luster in reputation rankings as Costco surges

Trader Joe’s gave up the top spot in the 2023 Axios Harris Poll 100, which ranks the nation’s most visible brands based on consumer opinions, while Wegmans, Publix and H-E-B all dropped off the list this year. Dive Brief: The supermarket industry declined in prominence in the latest Axios Harris Poll 100 corporate reputation rankings, released Tuesday, as […]
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  1. Channel: Specialty & Other

Target Estimates 2023 Retail Theft Will Hit $1 Billion

CNBC reports that as Target released its quarterly numbers this week, it also pointed out a major drag on earnings – organized retail theft, which was $763 million in 2022 and is projected to be as much as $1 billion this year. The story notes that “organized retail crime has become a hot-button issue in […]
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  1. Channel: Specialty & Other

Retailers Use Discounts, Promotions Like Lures On A Bass Pond

Marketplace, on National Public Radio (NPR), reports that “retailers have increasingly been using discounts and promotions like this to encourage shoppers to keep spending, pointed out Sonia Lapinsky, a retail analyst with AlixPartners … Retailers who cater to middle- and low-income shoppers are especially leaning on discounts since inflation is hitting those consumers hardest, Lapinsky […]
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  1. Channel: Specialty & Other

Your Views:  “The Purpose Of A Business”

From an MNB reader: A quick note in response to the email you posted Tuesday on remote working. Companies were forced to go into remote work arrangements during covid and many associates enjoyed the freedom it allowed, particularly if their company did not offer some version of remote working days pre covid. While many workers […]
3 min read
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  1. Channel: Specialty & Other

How Grocers Can Leverage AI to Retain Customers Amidst a Price War With Discounters

While inflation has been on the mind of everyone through 2022 and into this year, we recently have been hearing whispers of possible deflation in the near future. Naturally, this has many small retailers and grocers wondering what they would do to survive if that comes to pass. Starting in 2020, we saw larger retailers […]
3 min read
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  1. Channel: Specialty & Other

Why Trader Joe’s Remains A One-Channel Retailer

CNBC has a story about why Trader Joe’s continues to reject e-commerce as being irrelevant to its business model – it is “happy to keep running its business the way it has since it was founded in 1967.” An excerpt: “One reason is simple: money. Building out a robust delivery operation would involve creating a […]
2 min read
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  1. Channel: Specialty & Other

Trader Joe’s stands firm on opting out of e-commerce

The grocer’s latest podcast episode delved into why it is exclusively a brick-and-mortar business — and why it intends to stay that way. Online shopping surged during the pandemic and now accounts for more than $8 billion in monthly sales. Yet Trader Joe’s has stayed the course and avoided tacking on e-commerce shopping methods to its business […]
2 min read
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  1. Channel: Specialty & Other

Best Buy lowers Totaltech membership price

Best Buy has lowered the price of its Totaltech membership program from $200 to $179.99 a year. The consumer electronics chain has also debuted tiers to the program, including a free option. “We’re excited about introducing a new tier of membership that we believe leverages the insights that we gained around member pricing being really […]
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  1. Channel: Specialty & Other

Target, Amazon top consumer destinations after Bed Bath & Beyond closing

Those who once loved browsing and buying at Bed Bath & Beyond and the retailer’s buybuy Baby locations will likely head to Target and Amazon, according to a Numerator report. The research firm undertook a survey to see where consumers would turn to when buying baby and home items now that Bed Bath & Beyond is closing, […]
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  1. Channel: Specialty & Other

Successful Brands Use This Plan To Win

On May 1, 2023, Sprouts Farmers Market reported very positive news during its earnings call. The Wall Street Journal’s Market Report indicated that Sprouts’ first quarter earnings rose 24%. Sprouts’ CEO Jack Sinclair told analysts, “We are pleased with our first quarter; we believe our long-term growth strategy is gaining traction and driving positive performance. […]
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  1. Channel: Specialty & Other

Destination Maternity Rolls Out New Collection Exclusively at Walmart

Destination Maternity has released its 2023 spring/summer collection exclusively at select Walmart stores and on Walmart.com. The brand is likely seeking to gain market share after the demise of BuyBuy Baby parent company Bed Bath & Beyond, which filed for Chapter 11 bankruptcy protection and began a wind-down of its operations in April. The new […]
2 min read
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  1. Channel: Specialty & Other

Meet the TRI Q&A: Nick Harbaugh

Get to know RETHINK Retail’s Top Retail Influencers through the “Meet the TRI” Q&A series! Dive in to learn about a member of the thought leader community and follow their work and insights across our content and their social channels. Hi, I’m Nick Harbaugh, VP The Americas at Flexecution, Inc. Connect with me on LinkedIn! […]
5 min read
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  1. Channel: Specialty & Other

A new chain in Canada arises in former Bed Bath & Beyond locations

A new retailer – rooms + spaces – is looking to succeed in Canada where Bed Bath & Beyond failed. The concept, the brainchild of serial entrepreneur Doug Putman, plans to open a concept that is an improved version of the store it replaces. “We want to take what was good about Bed Bath but […]
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  1. Channel: Specialty & Other

Bed Bath & Beyond files price gouging complaint against ocean carrier

Bankrupt Bed Bath & Beyond has filed a complaint with U.S. maritime regulators alleging that Orient Overseas Container Line engaged in “brazen price gouging and profiteering” to the tune of $31.7 million in extra freight charges. The company seeks to recoup the costs as it goes through its bankruptcy proceedings.
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  1. Channel: Specialty & Other

Chewy Casting Call for Yoda Pet Lookalikes

Chewy Casting Call for Yoda Pet Lookalikes Chewy is searching for a Yoda pet lookalike to star in an out-of-this-galaxy Star Wars campaign. The best Yoda will embark on an epic mission and receive a custom professional photoshoot, spotlight on Chewy’s website and social media, along with fun items from The Star Wars Collection at Chewy and Chewy’s Personalized Shop. The Star Wars Collection at Chewy has all […]
2 min read
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  1. Channel: Specialty & Other

SN Top 10: Whole Foods, Trader Joe's, Amazon top the week's headlines

In this week’s recap of the Top 10 most popular Supermarket News articles, Amazon could look to acquire Kroger, Albertsons stores  ranked as the week’s top story. According to Business Insider, analysts at Bernstein have put
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  1. Channel: Specialty & Other

What Retailers Can Learn From Bed Bath & Beyond’s Cautionary Tale

Bed Bath & Beyond was doing roughly 15 percent of its sales online in 2019 before the pandemic initiated an online shopping boom. As of last summer, 25 percent to 30 percent of the retailer’s revenue came from e-commerce. And yet, Bed Bath & Beyond just declared bankruptcy. As with many retail stories, the proverbial devil […]
3 min read
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  1. Channel: Specialty & Other

Retailers Seek to Capitalize on Bed Bath & Beyond’s Bankruptcy

Shortly after Bed Bath & Beyond filed for bankruptcy protection and informed customers it would stop accepting the store’s iconic blue coupons as part of the wind down process, several competitors jumped in and began accepting them. The Container Store, for example, said last week that it will accept “a competitor’s blue coupon” at any of its 97 U.S. stores now […]
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  1. Channel: Specialty & Other

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 […]
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Courtesy of Albertsons
  1. Channel: Specialty & Other

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 […]
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  1. Channel: Specialty & Other

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 […]
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  1. Channel: Specialty & Other

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 […]
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