Channel: Specialty & Other

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

  1. Channel: Specialty & Other

Nordstrom to Launch Third-Party Marketplace in April

Nestled among its Q4 2023 earnings was the news that Nordstrom plans to add a third-party marketplace to the Nordstrom.com website in April. “By reimagining the way we work with our brand partners, we’ll grow our curated online assortment to serve more customers on even more occasions through increasing our use of unowned inventory,” said […]
2 min read
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  1. Channel: Specialty & Other

Burlington Plans to Open 100 New Stores in 2024

Off-price retailer Burlington Stores beat expectations for Q4 2023 (the 14 weeks ended Feb. 3, 2024), with total sales increasing 10% and comparable store sales growing 2% year over year. The quarter closed out a steady year for the chain, with comp store sales up 4% in fiscal 2023, although on an earnings call discussing […]
2 min read
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  1. Channel: Specialty & Other

Sunglass Hut Launches Loyalty Program; Tractor Supply Amps up Member Benefits

Sunglass Hut has debuted a new loyalty program for eyewear enthusiasts, while rural retailer Tractor Supply has enhanced its Neighbor’s Club loyalty program to help members earn more rewards more quickly. Sunglass Hut Introduces ‘The Sun Club’ Sunglass Hut’s new The Sun Club loyalty program offers both in-store and online shoppers 10 points for every […]
3 min read
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  1. Channel: Specialty & Other

Retailing in a Time of Mass Distraction with Andrea Dorigo, Adidas Head of Global Retail

Our guest this week is Andrea Dorigo Head of Global Retail for Adidas. Andrea shares many strategic leadership lessons gleaned from his  incredibly deep and diverse experience working across a spectrum of international brands. Now he leads a network of more than 2,000 stores for one of the world’s most iconic vertically integrated brands. We […]
2 min read
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  1. Channel: Specialty & Other

Big Box Stores Agree:  Let’s Get Small

The Washington Post writes that “two of the biggest names in big-box retail have boosted their bets on a growing trend for brick-and-mortar sales: smaller stores. “Best Buy and Macy’s this week announced plans to add small-format stores in a strategy that could help the companies cut costs while answering customers’ demand for convenience. They […]
2 min read
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  1. Channel: Specialty & Other

Best Buy CEO Promises Enhanced Personalization, Physical Store Upgrades in FY2025

Best Buy will leverage its membership-based loyalty program to sharpen personalization efforts for its 2025 fiscal year, which began Jan. 29, 2024. The retailer also plans to concentrate on updating and refreshing existing stores rather than opening new brick-and-mortar locations, as well as “improving and livening the merchandising presentation given the shift to digital shopping […]
3 min read
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  1. Channel: Specialty & Other

Long-Term Themes Webcast

Join YipitData Product Expert Manager Katie Tang, Research Specialist Nitin Reddy, and Research Associate Geoffrey Tseng on Wednesday, March 6th at 12:30pm ET as they describe data insights and long-term themes for Wayfair (W) and Chewy (CHWY). The team will discuss: Market share dynamics in home goods and pet retail spaces Competitive landscape and exposure […]
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  1. Channel: Specialty & Other

Retail Employers Face New Challenges From Pro-Labor Measures Implemented by Biden NLRB in 2023

In 2023, the Biden National Labor Relations Board (NLRB or Board) and its General Counsel Jennifer Abruzzo continued implementing a highly pro-labor agenda that has significantly changed the union and labor landscape for retail employers. In addition, Abruzzo and the Board’s regional directors are imposing and enforcing aggressively some of their most controversial new measures […]
5 min read
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  1. Channel: Specialty & Other

Tractor Supply’s Remarkable “Life Out Here” Growth Story with CEO Hal Lawton (E)

This week we’re reprising our November 2022 interview with Hal Lawton, President & CEO of Tractor Supply Co, a truly remarkable retailer that has delivered some of the strongest results of any brand during the past five years.   We explore Hal’s diverse journey from McKinsey, to Home Depot, to eBay, to Macy’s and on to Tennesee-based […]
3 min read
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  1. Channel: Specialty & Other

Beyond Accelerates Overstock Resurrection Following ‘Fatal’ Branding Mistake

Beyond, Inc., owner of online retail brands Bed Bath & Beyond (BB&B) and Overstock, will bring back a standalone Overstock.com site in approximately five weeks rather than the September 2024 target date announced earlier. Beyond rechristened its Overstock site with the Bed Bath & Beyond name in June 2023 after it acquired the bankrupt retailer’s […]
2 min read
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  1. Channel: Specialty & Other

Beyond Inc. Names New CEOs for Bed Bath & Beyond, Overstock

Beyond Inc., parent company to Overstock.com, Bed Bath & Beyond, and other online brands, announced Tuesday three leadership changes, including two new CEOs. Chandra Holt, formerly the CEO and president of Conn’s Home Plus, will become the new CEO of Bed Bath & Beyond effective Wednesday. Dave Nielsen, who until now was serving as president […]
< 1 min read
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  1. Channel: Specialty & Other

Bed Bath & Beyond, Overstock Get New CEOs

Beyond, Inc. — parent company of Bed Bath & Beyond and Overstock.com — has appointed new CEOs for both brands, and also named Camping World CEO and TV personality Marcus Lemonis as Executive Chairman of its board of directors. The appointments follow the abrupt departure of former Beyond CEO Jonathan Johnson in November 2023. Johnson […]
3 min read
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  1. Channel: Specialty & Other

Amazon Takes Up Argument That NLRB Is Unconstitutional

The New York Times reports this morning that “in the latest sign of a growing backlash within corporate America” against the authority exercised by the National Labor Relations Board (NLRB), Amazon is arguing that the 88-year-old federal agency is unconstitutional. The position, taken in a legal filing made yesterday, echoes a similar position taken in […]
2 min read
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  1. Channel: Specialty & Other

4 Product Submissions, 4 Buyer Meetings, 4 Deals: How GearHaul Did it with RangeMe

One of the benefits of being a RangeMe Starter or Premium subscriber brand is the opportunity to submit products to buyers who have immediate, limited-time opportunities that take place throughout the year. During these campaigns, retailers, distributors and foodservice operators invite brands that meet specific criteria to submit their products to be considered for placement […]
8 min read
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  1. Channel: Specialty & Other

Walmart Looks To Buy TV Maker To Bolster Ad Business

The Wall Street Journal reports that “Walmart is shopping in the TV aisle to help grow its advertising business.  The retail giant is in talks to buy smart television-manufacturer Vizio for more than $2 billion, according to people familiar with the situation. The move would give Walmart more places where it can sell ads and pitch […]
2 min read
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  1. Channel: Specialty & Other

Wegmans Signs Lease For New NYC Space

The New York Post reports that Wegmans, having recently opened its first Manhattan store in Greenwich Village, has signed a “long term deal” for a space about four miles to the north near Lincoln Center, real estate that used to be occupied by a Bed Bath & Beyond. The Post writes that “some kind of […]
2 min read
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  1. Channel: Specialty & Other

Trader Joe’s Appeals Court’s Logo Decision

CNBC reports that “Trader Joe’s is asking a federal appeals court to reverse a judge’s scathing dismissal of the grocery store chain company’s lawsuit that alleged trademark infringement by an employee labor union in selling merchandise on its website. “The appeal, filed Thursday, comes nearly a month after the judge accused Trader Joe’s of trying […]
2 min read
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  1. Channel: Specialty & Other

Listeria-Related Recalls Continue Nationwide

From USA Today: A nationwide recall of products containing cheese with a risk for listeria contamination continues to grow larger with salad kits and taco kits sold at stores including Albertsons, Costco, Walmart, and WinCo being removed from shelves. “Rizo-López Foods of Modesto, California, on Feb. 5 recalled dozens of dairy products including Queso Fresco and Cotija Cheese, because […]
< 1 min read
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  1. Channel: Specialty & Other

Despite Challenging 2023, Tractor Supply Plans 90+ Store Openings This Year

Even in the face of an 8.6% net sales decline in Q4 2023, Tractor Supply still plans to open up to 95 brick-and-mortar stores in 2024, as well as complete its 10th distribution center. Comp store sales in Q4 dipped 4.2%; for the full year of 2023, Tractor Supply’s net sales increased 2.5%, while comp […]
< 1 min read
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  1. Channel: Specialty & Other

Target’s April 2024 Circle Sale was its largest by sales lift

Track General Merchandise spending free Access chart in Dash. Target’s April Circle Sale generated 7% more sales than the weekly average in the previous 4 weeks according to Earnest credit card data. This represents a 2 point acceleration in the Circle Sale’s contribution to Target’s topline compared to Target’s October sale. Target Circle is a […]
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  1. Channel: Specialty & Other

TikTok Shop customers spend more at lower ticket apparel retailers

Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […]
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