Corporate Strategy 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
Corporate Strategy 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
Corporate Strategy 2 Key Strategies for Reducing Shopping Cart Abandonment In this episode of Retail Right Now, Total Retail’s Joe Keenan and Kristina Stidham discuss an article recently published by Total Retail titled, “Tips for Preventing Shopping Cart Abandonment,” authored by Isaac Gurary, CEO of NoFraud. This article shares two key strategies to combat rising product prices and optimize the customer checkout experience. It’s critical that […] Kristina Stidham May 27, 2022May 27, 2022 < 1 min read ShoppersExecutives 0 Saving Bookmark this article Bookmarked
Corporate Strategy 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
Corporate Strategy 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
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
Corporate Strategy 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
Corporate Strategy NACDS Foundation sponsors March of Dimes Gourmet Gala WASHINGTON — March of Dimes hosted its 40th Annual Gourmet Gala in Washington, D.C., earlier this month, and the NACDS Foundation returned as a Platinum Sponsor of the event. The Gourmet Gala makes possible research, education, advocacy and programs that “help more moms have full-term pregnancies and healthy babies.” This year, the Gourmet Gala brought […] MMR May 26, 2022May 26, 2022 2 min read Health & WellnessCOVID19Technology & InnovationExecutivesResults & InvestmentPartnershipsGoogleData & Insights 0 Saving Bookmark this article Bookmarked
Corporate Strategy 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
Corporate Strategy 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 5 Ways Brands Can Stay Competitive In A Recession Economic volatility and uncertainty have become the order of the day. Some forecasters are using the “R” word (recession). Business is always difficult. In good times firms scramble to add capacity and meet demand while fending off the competition that is inevitably attracted to a robust and growing market. In bad times firms struggle to […] Branding Strategy May 26, 2022May 26, 2022 3 min read EconomyShoppersStrategyMarketing: BrandPredictions and ForecastsResults & InvestmentMarketing: In StoreTechnology & InnovationMarketing: SocialSustainabilityCompetitionOperations & Supply ChainConsulting 0 Saving Bookmark this article Bookmarked
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
Corporate Strategy 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
Corporate Strategy Tate & Lyle continues growth strategy in Latin America Supplier opens innovation center in Chile. Food Business News May 26, 2022May 26, 2022 < 1 min read StrategyTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Corporate Strategy One in five retail workers are planning to quit the sector A new report by industry charity the Retail Trust has found that one in five (21%) British retail workers and nearly a third (31%) of people working for the UK’s… The post One in five retail workers are planning to quit the sector appeared first on Latest Retail Technology News From Across The Globe – […] ChargedRetail May 26, 2022May 26, 2022 < 1 min read AssociatesStrategyInternational - UKTechnology & InnovationPhilanthropy 0 Saving Bookmark this article Bookmarked
Corporate Strategy 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
Corporate Strategy 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 […] Dor Sela May 26, 2022May 26, 2022 2 min read Technology & InnovationMerchandisingData & InsightsAssociatesStrategyShoppersCustomer ExperienceMarketing: In StoreOperations & Supply ChainBrick and MortarAI / MLTech: IoTMarketing: Direct & PersonalizationPartnershipsPredictions and ForecastsTech: AI 0 Saving Bookmark this article Bookmarked
Corporate Strategy Macy’s raises annual forecast after strong quarter Macy’s raised its annual sales and earnings forecast after a strong start to 2022. “While macroeconomic pressures on consumer spending increased during the quarter, our customers continued to shop,” Macy’s CEO Jeff Genette said. “We saw a notable shift back to occasion-based apparel and in-store shopping, as well as continued strength in sales of luxury […] RetailWire May 26, 2022May 26, 2022 < 1 min read Predictions and ForecastsResults & InvestmentMarketing: In StoreExecutivesDept. ApparelConsumers 0 Saving Bookmark this article Bookmarked
Corporate Strategy GIANT taps Krueger as VP of team experience CARLISLE, Pa. – The GIANT Co. has named Jennifer Heinzen Krueger vice president of team experience, effective May 30. Krueger replaces Matt Lutcavage, who is leaving for a new opportunity outside of the company. In her new role, Krueger will lead GIANT’s human resources team, which the company says is focused on fostering a culture […] MMR May 26, 2022May 26, 2022 2 min read Ahold DelhaizeAssociatesESG and CSRInclusivityOperations & Supply ChainPhilanthropyShoppersStrategyExecutivesTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Corporate Strategy Dollar Tree’s Q1 earnings beat expectations CHESAPEAKE, Va.— Dollar Tree reported a 43.2% increase in net income, to $536.4 million for the first quarter ended April 30. Diluted earnings per share for the quarter increased 48.1% to a first-quarter company record $2.37, compared to $1.60 in the prior year’s quarter, the company said Thursday. Consolidated net sales increased 6.5% to $6.90 […] MMR May 26, 2022May 26, 2022 2 min read Results & InvestmentDollar TreeOperations & Supply ChainAssociatesBrick and MortarFamily DollarData & InsightsShoppersTechnology & InnovationExecutivesMerchandisingMarketing: SocialPredictions and ForecastsCustomer Experience 0 Saving Bookmark this article Bookmarked
Corporate Strategy Grocerants Replacing Restaurants and Grocery Stores for Dinner What’s for Dinner is the age-old question every parent hears, and most say I don’t know. Today more and more families or looking online, or for new avenues of fresh food distributions in the way of meals and meal components that can be mixed and matched into perfect family meal. Alternative fresh food […] Grocerant Guru May 26, 2022May 26, 2022 4 min read Dept. GroceryRestaurantsData & InsightsConsumersMarketing: SocialDept. FreshDept. PerimeterBrick and MortarPepsiCoConsultingDept. BeverageDept. Fresh PreparedStrategyAssociatesDept. BakeryMeta (Facebook)TwitterDept. Adult BevTechnology & InnovationPricing & PromotionsPartnershipsMarketing: TradeESG and CSRDept. DairyDept. DeliDept. FuelMarketing: In StoreHoliday & Events 0 Saving Bookmark this article Bookmarked
Corporate Strategy Klevu report – Majority of UK e-commerce sites’ search engines don’t work 78% of of e-commerce websites in the UK are unable to convert shoppers due to their inability to “understand” natural language and thus, shoppers’ intent, according to a new report from Klevu. This found that over three quarters of the 50 retailers researched delivered zero or irrelevant results when presented with conversational queries. Only 20% […] Retail Technology Innovation Hub May 26, 2022May 26, 2022 2 min read ConsumersShoppersDept. Natural / OrganicInternational - UKMarketing: SocialTwitterThick DataDept. ApparelPricing & PromotionsExecutivesEconomyDept. NonfoodResults & Investment 0 Saving Bookmark this article Bookmarked
Corporate Strategy Dorsey Steps Down From Twitter’s Board Jack Dorsey, the Twitter co-founder, has now left the company’s board of directors, NBC wrote Wednesday (May 25). That came weeks after he was instrumental in selling the company to billionaire Elon Musk. The report said Dorsey’s departure was planned, with Twitter saying last year that he would do so after his term expired at […] Pymnts.com May 26, 2022May 26, 2022 2 min read Marketing: SocialTwitterExecutivesMarketing: Retail MediaLegal & CriminalESG and CSRCrypto 0 Saving Bookmark this article Bookmarked
Corporate Strategy Kroger Adds “Spoke” Distribution Facility In Central Ohio Kroger said yesterday that it is opening a new “spoke facility,” powered by Ocado, in Central Ohio, that it says “will extend the grocer’s reach and ability to provide fresh and friendly services to its customers … The 61,000-square-foot facility located on Shook Rd in Lockbourne will collaborate with the fulfillment hub in Monroe, Ohio and […] MorningNewsBeat May 26, 2022May 26, 2022 2 min read KrogerShoppersDeliveryOperations & Supply ChainAssociatesDept. RefrigeratedOcadoStore LocationDept. FreshDept. FuelTechnology & InnovationExecutivesAI / ML 0 Saving Bookmark this article Bookmarked
Corporate Strategy Amazon Opens First Bricks-and-Mortar Clothing Store dot.LA reports that Amazon has opened its first clothing store – Amazon Style, located in the The Americana at Brand mall in Glendale, California, about 10 miles north of downtown Los Angeles. Here’s how the story describes the store: “The floor is massive – laying out original products from Amazon’s own apparel lines alongside name […] MorningNewsBeat May 26, 2022May 26, 2022 4 min read AmazonDept. ApparelTechnology & InnovationBrick and MortarOperations & Supply ChainPepsiCoPredictions and ForecastsPop UpsTrends: ShoppingShoppersPricing & PromotionsCOVID19Marketing: PrintMarketing: In StoreExecutivesAssociatesWalmart 0 Saving Bookmark this article Bookmarked 5
Corporate Strategy Sears Said To Be Closing Dozens Of Stores Axios reports that “dozens of Sears Hometown stores are closing and holding liquidation sales, according to Facebook posts from the shuttering locations … Sears Hometown was touted in a November 2019 news release as a ‘network of more than 400 independently-owned and operated, dealer-managed smaller-format stores’ selling ‘a range of home products, including appliances, lawn […] MorningNewsBeat May 26, 2022May 26, 2022 < 1 min read Brick and MortarDept. NonfoodBankruptcyStrategyMeta (Facebook)Marketing: SocialDept. Sporting goodsDept. Appliances 0 Saving Bookmark this article Bookmarked
Corporate Strategy Loss Prevention & Fraud Detection in Retail In an industry known for its tight margins, any loss in retail is significant. Retailers often need to sell many multiples of an item to breakeven on a single loss. “Shrink” is a $60B dollar issue for the retail industry globally and growing rapidly. Most retailers attribute 50-60% of losses to associate actions. Increasingly, Organized […] Cisco Retail May 25, 2022May 26, 2022 3 min read Technology & InnovationLegal & CriminalShoppersOperations & Supply ChainReturnsAssociatesData & InsightsData VisualizationExecutivesMerchandisingMarketing: Loyalty & SubscriptionPartnershipsSustainabilityTech: AIMarketing: In StoreAI / ML 0 Saving Bookmark this article Bookmarked
Corporate Strategy Sprouts names Hari Avula to board of directors Seasoned CFO brings deep experience from leading CPG/retail brands Supermarket News May 25, 2022May 25, 2022 < 1 min read Executives 0 Saving Bookmark this article Bookmarked
Corporate Strategy Is Your Brand Meaningfully Different? As marketing professionals, we’d like to share a quick lesson in one of the fundamentals of marketing having to do with relevance, what we call being “meaningfully different.” Marketers know it’s not enough to be merely relevant to be worthy of a customer’s admiration and loyalty. Something must be relevantly different to attain this status. […] Branding Strategy May 25, 2022May 25, 2022 4 min read ConsumersMarketing: BrandStrategyData & InsightsPredictions and ForecastsDeliveryShoppersMarketing: SocialTechnology & InnovationCompetitionGoogleDept. NonfoodSustainabilityResults & InvestmentMarketing: Loyalty & SubscriptionDept. ApparelAssociatesDept. PetESG and CSRDept. FuelConsultingThick DataAmazon 0 Saving Bookmark this article Bookmarked 5
Corporate Strategy Blue Apron Adds Two New Wellness360 Partners NEW YORK–(BUSINESS WIRE)–Blue Apron (NYSE: APRN) is strengthening its ecosystem of best-in-class partners as part of its Wellness360 initiatives. The company is adding two new strategic partnerships with Blue Cross Blue Shield and Planet Fitness, and renewing its program with Calm. The expansion of Blue Apron’s partnership ecosystem is a key component of its growth […] BusinessWire - Supermarket May 25, 2022May 25, 2022 < 1 min read PartnershipsBlueApronShoppersSustainabilityStrategyHealth & Wellness 0 Saving Bookmark this article Bookmarked
Corporate Strategy 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
Corporate Strategy 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
Corporate Strategy 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 Strategy 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
Corporate Strategy 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