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
Channel: Specialty & Other Costco’s reputation is best in the market: poll Company jumps to No. 1 on Axios Harris Poll 100; Trader Joe’s slips to fourth Supermarket News May 26, 2023May 30, 2023 < 1 min read CostcoTrader Joes 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy CEO: ‘2023 will be the bottom’ for falling electronics sales Profits and revenue declined in Q1, driven by falling computer, appliance, home theater and mobile phone sales, executives said Thursday. RetailDive May 25, 2023May 25, 2023 < 1 min read ExecutivesDept. NonfoodBest Buy 0 Saving Bookmark this article Bookmarked
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 […] Grocery Dive May 25, 2023May 30, 2023 < 1 min read CostcoWegmansTrader JoesPublixHEBConsumers 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy shares rise on earnings beat, even as electronics sales slow [[“value”:”Best Buy shares rose, but the retailer expects weaker spending on consumer electronics the rest of the year.”]] CNBC May 25, 2023May 25, 2023 < 1 min read Dept. NonfoodBest BuyResults & InvestmentConsumersDept. Consumer Electronics 0 Saving Bookmark this article Bookmarked
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 […] 0 Author Missing May 19, 2023May 19, 2023 2 min read TargetLegal & CriminalBrick and MortarResults & InvestmentWalgreensWalmartShoppersMerchandisingHome DepotExecutivesDept. NonfoodDept. FreshCVSBest Buy 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat May 19, 2023May 19, 2023 < 1 min read Marketing: TradePricing & PromotionsShoppersConsumersWalmartSustainabilityMarketing: BroadcastEconomyBrick and MortarBed Bath & Beyond 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat May 18, 2023May 18, 2023 3 min read Trader JoesAssociatesDept. NonfoodCOVID19PartnershipsBrick and MortarAmazonWalmartDeliveryMergersOperations & Supply ChainStrategyTechnology & InnovationKrogerAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
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 […] Francois Chaubard May 17, 2023May 17, 2023 3 min read Technology & InnovationAIShoppersEconomyConsumersOperations & Supply ChainMerchandisingBrick and MortarAssociatesPredictions and ForecastsTrader JoesWalmartSustainabilityStrategyStore LocationHoliday & EventsTargetAmazonExecutivesTech: AIDept. FreshCOVID19AldiTrends: ConsumerAcquisition 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat May 17, 2023May 17, 2023 2 min read Trader JoesDeliveryTechnology & InnovationShoppersMarketing: In StoreAssociates 0 Saving Bookmark this article Bookmarked
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 […] Grocery Dive May 17, 2023May 30, 2023 2 min read Trader JoesPodcasts 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Trader Joe’s CEO Dan Bane announces retirement Bryan Palbaum, the company’s current president and chief operations officer, will take over as chairman and CEO when Bane retires on July 2. Grocery Dive May 15, 2023May 15, 2023 < 1 min read Trader JoesExecutivesOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Jim Cramer says off-price retailer TJX could be ‘eating the carcass’ of Bed Bath & Beyond [[“value”:”The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.”]] CNBC May 12, 2023May 12, 2023 < 1 min read Bed Bath & Beyond 0 Saving Bookmark this article Bookmarked
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 […] RetailWire May 11, 2023May 11, 2023 < 1 min read Best BuyExecutivesDept. NonfoodDept. Consumer ElectronicsData & InsightsConsumers 0 Saving Bookmark this article Bookmarked
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, […] Retail Customer Experience May 11, 2023May 17, 2023 < 1 min read TargetConsumersBed Bath & BeyondAmazon 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy doubles down on membership program as sales cool [[“value”:”The retailer wants to grow the subscription program, which has about 5.8 million members.”]] CNBC May 11, 2023May 11, 2023 < 1 min read Best Buy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Why Bed Bath & Beyond’s private labels were a bust The now-bankrupt home goods retailer hired the merchant who led the development of billion-dollar store brands at Target. What went wrong? RetailDive May 11, 2023May 11, 2023 < 1 min read PackagingBed Bath & BeyondTargetDept. NonfoodBankruptcy 0 Saving Bookmark this article Bookmarked
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. […] Branding Strategy May 9, 2023May 9, 2023 6 min read ShoppersStrategyMarketing: BrandHealth & WellnessDept. FreshAssociatesDept. GroceryResults & InvestmentDept. PerimeterBrick and MortarTechnology & InnovationData & InsightsEconomyOwned Brands (Private Label)Marketing: In StoreTargetMerchandisingSustainabilityTrader JoesStore LocationESG and CSROmnichannelWhole FoodsMarketing: TradeOperations & Supply ChainDept. Natural / OrganicTrends: Food and BeverageMarketing: Direct & PersonalizationDept. DairyDept. HBCExecutivesMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
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 […] Retail TouchPoints May 8, 2023May 8, 2023 2 min read WalmartBankruptcyDept. ApparelOperations & Supply ChainBrick and MortarMerchandisingResults & InvestmentExecutivesBed Bath & Beyond 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond owes over $95M to these 14 vendors in its supply chain The bankrupt retailer has big trade debts to numerous suppliers as well as transportation and other service providers. RetailDive May 6, 2023May 6, 2023 < 1 min read VendorsOperations & Supply ChainBed Bath & BeyondBankruptcy 0 Saving Bookmark this article Bookmarked
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! […] Rethink Retail May 4, 2023May 4, 2023 5 min read Marketing: SocialTechnology & InnovationPredictions and ForecastsOperations & Supply ChainCOVID19Data & InsightsShoppersConsumersDept. NonfoodBOPISMergersTech: CashierlessPartnershipsPodcastsStore LocationMarketing: BroadcastESG and CSRMarketing: In StoreBed Bath & BeyondAmazonExecutivesKrogerDollar TreeConsultingCVSDeliveryDept. ApparelDept. FuelTrends: RetailAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
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 […] RetailWire May 4, 2023May 4, 2023 < 1 min read International - North AmericaBed Bath & Beyond 0 Saving Bookmark this article Bookmarked
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. RetailWire May 3, 2023May 3, 2023 < 1 min read Bed Bath & BeyondBankruptcyOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
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 […] Chewy May 3, 2023May 3, 2023 2 min read ChewyDept. PetMarketing: SocialMarketing: Direct & PersonalizationESG and CSRMeta (Facebook)Dept. Toys & GamesDept. NonfoodDept. Apparel 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Toys R Us specter looms over Bed Bath & Beyond The home-goods retailer’s mixed signals remind some of Toys R Us. The toy retailer filed to reorganize in 2017, only to liquidate its U.S. operations months later. RetailDive May 3, 2023May 3, 2023 < 1 min read Dept. Toys & GamesDept. NonfoodBed Bath & BeyondOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
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 Supermarket News May 2, 2023May 2, 2023 < 1 min read Whole FoodsAmazonTrader JoesKrogerBrick and MortarAlbertsons / SafewayAcquisition 0 Saving Bookmark this article Bookmarked
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 […] Justin Grochoski May 1, 2023May 17, 2023 3 min read Bed Bath & BeyondOmnichannelOperations & Supply ChainMarketing: In StoreCOVID19BankruptcyShoppersTechnology & InnovationData & InsightsCustomer ExperienceBOPISResults & InvestmentCompetitionConsumersTargetExecutivesBrick and MortarBest BuyDeliveryInsight ProvidersStrategyMarketing: UGCMerchandisingOwned Brands (Private Label)Dept. NonfoodMarketing: Social 0 Saving Bookmark this article Bookmarked
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 […] Melissa Campanelli May 1, 2023May 8, 2023 2 min read Bed Bath & BeyondPricing & PromotionsMarketing: TradeBrick and MortarBankruptcyConsumersAmazonTwitterTargetMarketing: SocialInsight ProvidersBig LotsWalmartShoppersMarketing: In StoreTechnology & InnovationThick DataMerchandising 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond store closures will kick off a land grab for fast-growing retailers [[“value”:”Bed Bath & Beyond, which filed for bankruptcy, is expected to soon close hundreds of store locations.”]] CNBC April 28, 2023April 28, 2023 < 1 min read Bed Bath & BeyondBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other How Bed Bath & Beyond lost its suppliers’ trust, and doomed itself In the years leading up to bankruptcy, the retailer alienated major vendors by betting on private labels, and, when that didn’t work, stock buybacks. RetailDive April 28, 2023April 28, 2023 < 1 min read Bed Bath & BeyondVendorsPackagingBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other 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
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 […] Written by Grocery Dive May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked
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 […] Written by Grocery Dive May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked
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 […] Written by MorningNewsBeat May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked
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 […] Written by Grocery Dive May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked