Corporate Strategy

Articles about retailer strategy and corporate moves.

  1. 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 […]
3 min read
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  1. 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 […]
3 min read
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  1. 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 […]
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  1. 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 […]
2 min read
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  1. 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.
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  1. 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 […]
3 min read
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  1. 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 […]
2 min read
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  1. 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 […]
3 min read
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  1. 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. 
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  1. 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 […]
3 min read
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  1. 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 […]
< 1 min read
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  1. 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 […]
2 min read
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  1. 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 – […]
< 1 min read
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  1. 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 […]
2 min read
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  1. 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 […]
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  1. 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 […]
2 min read
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  1. 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 […]
2 min read
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  1. 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 […]
4 min read
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  1. 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% […]
2 min read
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  1. 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 […]
2 min read
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  1. 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 […]
2 min read
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  1. 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 […]
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  1. 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 […]
< 1 min read
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  1. 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 […]
3 min read
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  1. 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. […]
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  1. 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 […]
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  1. 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 […]
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  1. 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 […]
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  1. 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
  1. 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 […]
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