Corporate Finance Dollar General Adding Staff, Saying It Is Addressing Shrink Business Insider reports that we can “add Dollar General to the list of retailers rethinking their self-checkout strategies as they head into the new year. “The discount retailer said Thursday it will beef up staffing in its stores’ checkout areas after the company reported slowing sales growth and rising rates of missing inventory, or shrink. […] MorningNewsBeat December 11, 2023December 11, 2023 < 1 min read AssociatesDollar GeneralBrick and MortarTech: CashierlessOperations & Supply ChainResults & InvestmentLegal & CriminalExecutives 0 Saving Bookmark this article Bookmarked
Corporate Finance 3 Things Connected TV Can Do that Linear Can’t This year for the first time ever, the viewership share of linear television (i.e. traditional broadcast and cable) has fallen below 50%, according to Neilsen. But it’s not that people aren’t watching TV; it’s just that they are no longer watching it the way they used to: streaming is rapidly taking over and now represents […] Retail TouchPoints December 10, 2023December 10, 2023 4 min read Marketing: BroadcastStreamingMarketing: Digital MediaESG and CSRMarketing: Social MediaConsumersTargetResults & InvestmentPredictions and ForecastsPricing & PromotionsSustainabilityData & InsightsDept. NonfoodInsight ProvidersOperations & Supply ChainPartnershipsPop UpsShoppersStore LocationBig Data 0 Saving Bookmark this article Bookmarked
Corporate Finance Top tips on how to stop getting in the way of your own business success When you started your business, the goal was success, right? Of course it was because that’s the goal of anyone putting that much effort into something. You aren’t going to sit there and dedicate weeks, months and even years of your life to something that you’re not even sure you want to be successful. But, […] Retail Technology Innovation Hub December 10, 2023December 10, 2023 4 min read Data & InsightsTechnology & InnovationResults & InvestmentConsulting 0 Saving Bookmark this article Bookmarked
Corporate Finance Dollar General Plans 800 New Stores, 1,500 Remodels in FY 2024 Dollar General is planning approximately 2,385 real estate projects for fiscal year 2024, including about 800 new store openings (including approximately 30 pOpshelf openings and 15 new stores in Mexico), along with 1,500 store renovations and 85 store relocations. While this would be an ambitious growth plan for any retailer, it actually represents a “modest […] Retail TouchPoints December 10, 2023December 10, 2023 2 min read Dollar GeneralBrick and MortarPredictions and ForecastsOperations & Supply ChainExecutivesShoppersInternational - North AmericaMarketing: Social MediaStore LocationConsumersMeta (Facebook)Results & InvestmentEconomyStrategyDept. ApparelSustainability 0 Saving Bookmark this article Bookmarked
Corporate Finance GameStop sales slide 9% but loss narrows [[“value”:”The video game retailer this week gave CEO Ryan Cohen authority to manage the company’s investment portfolio in public and private markets.”]] RetailDive December 10, 2023December 10, 2023 < 1 min read Results & InvestmentExecutives 0 Saving Bookmark this article Bookmarked
Corporate Finance Building an Adult Beverage Challenger Brand with Flying Embers’ Ben Galvin The CPGGUYS are joined in this episode by Ben Galvin, VP of Sales, National Accounts at Flying Embers, a hand-crafted, alcohol beverage brand based in Ventura, California that develops great-tasting botanical brews with functional benefits. Follow Ben Galvin on LinkedIn at: https://www.linkedin.com/in/ben-galvin-a62aa35/Follow Flying Embers on LinkedIn at: https://www.linkedin.com/company/flying-embers/Follow Flying Embers online at:https://www.flyingembers.com/ Ben answers these […] The CPG Guys December 9, 2023December 9, 2023 2 min read Dept. BeverageMarketing: Social MediaMarketing: Retail MediaDept. Adult BevPodcastsMeta (Facebook)Predictions and ForecastsGovernmentTechnology & InnovationMarketing: TradeResults & InvestmentConsumers 0 Saving Bookmark this article Bookmarked
Corporate Finance Michelle Gass to Take the Reins at Levi’s when CEO Chip Bergh Retires in 2024 Current Levi Strauss & Co. President Michelle Gass will succeed CEO Chip Bergh when he retires next year, the company’s board of directors has announced. Gass will formally take the reins on Jan. 29, 2024, a few months prior to Bergh’s departure, which is scheduled for April 26, 2024. Bergh has been elected as Executive […] Retail TouchPoints December 9, 2023December 9, 2023 3 min read ExecutivesDept. GroceryPredictions and ForecastsKohlsOmnichannelResults & InvestmentAssociatesAcquisitionInternationalCOVID19Brick and MortarStart UpsConsumersMarketing: Social MediaTechnology & InnovationOwned Brands (Private Label)Sustainability 0 Saving Bookmark this article Bookmarked
Corporate Finance From vision to reality: how outsourced development drives results In an era where technology is the foundation of business growth, Vodworks emerges as a pivotal player in the realm of software and product engineering services. Specialising in consulting, outsourcing, and augmented team solutions, Vodworks is the strategic partner for businesses seeking to navigate and conquer their most complex technical challenges. This article explores how […] Retail Technology Innovation Hub December 8, 2023December 8, 2023 5 min read Technology & InnovationAIStrategyPredictions and ForecastsDeliveryOperations & Supply ChainPartnershipsResults & InvestmentTech: IoTSustainabilityMarketing: Loyalty & SubscriptionMarketing: In StoreDept. NonfoodData & InsightsConsultingPricing & Promotions 0 Saving Bookmark this article Bookmarked
Corporate Finance Google’s Gemini Marketing Trick Google really didn’t have to exaggerate. When the company introduced Gemini this week — its stunning new AI model that beat OpenAI on multiple benchmarks and understands both text and images — it delivered a product that lived up to months of hype. Yet, as the company showed it to the world, it embellished. In […] Bigtechnology December 8, 2023December 8, 2023 4 min read Technology & InnovationAIGoogleData & InsightsChatGPTPodcastsAmazonMarketing: BroadcastStreamingMarketing: Social MediaBigTechTwitterExecutivesPredictions and ForecastsBig DataReturnsDept. BeverageMarketing: In StoreAssociatesBOPISMeta (Facebook)CryptoResults & InvestmentStore LocationHoliday & EventsLegal & Criminal 0 Saving Bookmark this article Bookmarked
Corporate Finance The Weekly Closeout: Claire’s expands into Mexico and Squishmallows collabs with H&M [[“value”:” This audio is auto-generated. Please let us know if you have feedback. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week, and what we’re still thinking about. From Rent the Runway’s decision to restructure […] RetailDive December 8, 2023December 8, 2023 5 min read ExecutivesAssociatesInternationalInternational - North AmericaDept. ApparelBrick and MortarLegal & CriminalOperations & Supply ChainStore LocationData & InsightsPredictions and ForecastsDept. NonfoodPhilanthropyRestaurantsTechnology & InnovationFlagship StoresPress ReleaseDept. Toys & GamesAcquisitionConsumersGovernmentHoliday & EventsPricing & PromotionsEconomyResults & InvestmentThick DataUnileverDept. GroceryDept. FreshPartnerships 0 Saving Bookmark this article Bookmarked
Corporate Finance GameStop’s potential new strategy: Let Ryan Cohen buy other stocks with company cash Struggling retailer GameStop is giving its CEO and chair Ryan Cohen even more control, including the ability to use company cash to buy other stocks. In its quarterly report released Wednesday night, GameStop announced two changes to its corporate investment plan: company cash can now be used to buy equities instead of just short-term debt, […] CNBC December 8, 2023December 8, 2023 2 min read ExecutivesResults & InvestmentStrategyData & InsightsDept. FuelEconomyBankruptcyBed Bath & BeyondChewyBrick and Mortar 0 Saving Bookmark this article Bookmarked
Corporate Finance Walgreens shutters 10 Florida clinics [[“value”:”The closures are part of the retailer’s plan to cut $600 million in capital spending”]] Supermarket News December 7, 2023December 7, 2023 < 1 min read WalgreensResults & Investment 0 Saving Bookmark this article Bookmarked
Corporate Finance Your Views: We All Deserve A Break Today Lots or response to yesterday’s FaceTime, in which I went to McDonald’s to road test the supposedly new-and-improved burgers that have been seven years in the making. MNB reader Barbara Watters wrote: Love the morning FaceTimes. Your McDonald’s segment had me remembering my recent Big Mac a few weeks ago. Blah and bleg. The flavor […] MorningNewsBeat December 7, 2023December 7, 2023 10 min read Dept. PharmacyCVSDept. GroceryAssociatesRestaurantsBrick and MortarHealth & WellnessShoppersDeliveryHoliday & EventsTechnology & InnovationWalmartDept. OTCWeatherPredictions and ForecastsDept. FreshReturnsOperations & Supply ChainWalgreensLegal & CriminalNestlePartnershipsPricing & PromotionsGrubhubEconomyStore LocationFood DeliveryDept. DairyCoca ColaDept. PaperDept. Adult BevResults & Investment 0 Saving Bookmark this article Bookmarked
Corporate Finance The Chargebacks That Stole Christmas for Retail Merchants The peak holiday season usually brings a welcome boost in sales and festive cheer for merchants. Known shopping events such as Black Friday, Cyber Monday, Thanksgiving, and Christmas pique consumer interest and lead to increased customer traffic. But while you might support year-end customer activities with festive purchase options, there’s a potential threat to all […] Ariel Chen December 7, 2023December 7, 2023 4 min read Holiday & EventsConsumersShoppersLegal & CriminalDeliveryDept. NonfoodOperations & Supply ChainStore LocationConsultingReturnsDept. ApparelPredictions and ForecastsMarketing: Loyalty & SubscriptionMarketing: TradePricing & PromotionsProcter & GambleResults & InvestmentExecutivesTechnology & InnovationUnileverData & InsightsData VisualizationGoogleDept. Toys & GamesHealth & WellnessDept. Natural / OrganicAssociates 0 Saving Bookmark this article Bookmarked
Corporate Finance Amazon Cuts Referral Fees for Apparel Merchants Amazon.com is slashing its merchant fees for clothing vendors in an attempt to compete with Chinese fast-fashion retail site Shein, which may be on the docket to IPO in 2024. The online retail giant announced Tuesday that referral fees for items priced under $15 will drop from 17 percent to 5 percent. The fees for […] Joe Keenan December 7, 2023December 7, 2023 < 1 min read AmazonDept. ApparelReturnsResults & InvestmentStart UpsVendorsPredictions and ForecastsOperations & Supply ChainMarketing: Social MediaData & InsightsBrick and Mortar 0 Saving Bookmark this article Bookmarked
Corporate Finance Coldwater Creek Acquires Soft Surroundings, Adopts New Returns Solution Coldwater Creek has completed its purchase of Soft Surroundings, a women’s clothing and accessories retailer that filed for bankruptcy protection in September 2023. The newly combined retailer has selected the Chief Returns Officer solution from Newmine, which has a predictive analytics functionality that will help the retailer quickly analyze and take corrective actions on why […] Retail TouchPoints December 7, 2023December 7, 2023 2 min read ReturnsAcquisitionOperations & Supply ChainOwned Brands (Private Label)BankruptcyMarketing: Social MediaBrick and MortarConsumersData & InsightsDept. ApparelInternational - North AmericaPartnershipsResults & InvestmentExecutives 0 Saving Bookmark this article Bookmarked
Corporate Finance NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […] Retail TouchPoints December 7, 2023December 7, 2023 2 min read Legal & CriminalTargetLowesResults & InvestmentMarketing: Social MediaExecutivesData & InsightsThick DataTechnology & InnovationPartnershipsDept. Sporting goodsDept. NonfoodBrick and MortarAgencies 0 Saving Bookmark this article Bookmarked
Corporate Finance UNFI posts another loss but expects improvements in 2024 The grocery retailer and wholesaler has made “early progress” in executing the “transformation agenda” it announced in March, CEO Sandy Douglas said Wednesday during an earnings call. Grocery Dive December 6, 2023December 6, 2023 < 1 min read Predictions and ForecastsResults & InvestmentExecutives 0 Saving Bookmark this article Bookmarked
Corporate Finance Amazon Adjusts Its Charging Policies Two stories this morning about how Amazin is changing the ways in which it charges business using its services – changes that are happening as the Federal Trade Commission (FTC) sues the company for violating antitrust laws. • From GeekWire: “Amazon says it will change the way it charges sellers who use its fulfillment services, […] MorningNewsBeat December 6, 2023December 6, 2023 2 min read AmazonGovernmentReturnsDept. ApparelCompetitionPackagingLegal & CriminalMarketing: TradeOperations & Supply ChainPredictions and ForecastsPricing & PromotionsResults & InvestmentStrategySustainability 0 Saving Bookmark this article Bookmarked
Corporate Finance Sears is a shell of its former self. So why is it reopening some stores? [[“value”:” This audio is auto-generated. Please let us know if you have feedback. Sears and Kmart once dominated the retail landscape. When the companies merged in 2005, they had nearly 3,500 stores. For context, that’s more stores than Target, Macy’s and Lowe’s currentlyoperate. But years of business missteps have reduced the once mighty retailers to […] RetailDive December 6, 2023December 6, 2023 5 min read Technology & InnovationAIBrick and MortarStore LocationConsumersDept. NonfoodData & InsightsMerchandisingAcquisitionMarketing: Social MediaMeta (Facebook)ExecutivesMarketing: In StoreShoppersPredictions and ForecastsStore FormatDept. Toys & GamesResults & InvestmentTargetConsultingESG and CSRAgenciesAssociatesBed Bath & BeyondTrends: RetailCOVID19Dept. AppliancesLowes 0 Saving Bookmark this article Bookmarked
Corporate Finance Cardenas Markets to debut 6th Las Vegas store The location will include a “colorful” produce section, full-service meat and seafood department, Mexican Cocina and financial services center. Grocery Dive December 5, 2023December 5, 2023 < 1 min read Dept. FreshStore LocationResults & InvestmentInternational - North AmericaDept. Perimeter 0 Saving Bookmark this article Bookmarked
Corporate Finance Lawmakers ramp up scrutiny of Shein, call for proof it doesn’t use forced labor after retailer files for IPO [[“value”:”Lawmakers are ramping up their scrutiny of Shein and calling for proof it doesn’t use forced labor after the retailer confidentially filed to go public.”]] CNBC December 5, 2023December 5, 2023 < 1 min read GovernmentAssociatesStart UpsResults & Investment 0 Saving Bookmark this article Bookmarked
Corporate Finance Amyris auctions off Biossance for $20M [[“value”:” Dive Brief The company also found successful bidders for three other brands, including Pipette, as it undergoes bankruptcy proceedings. Published Dec. 4, 2023 Biossance display at a New York City Fashion Week event in 2019. The brand is set to be acquired by THG brands. Craig Barritt / Stringer via Getty Images “]] RetailDive December 5, 2023December 5, 2023 < 1 min read Dept. ApparelBankruptcy 0 Saving Bookmark this article Bookmarked
Corporate Finance What Kinds of Shopping Experiences Will Shape the Future of Stores? DSI “When we talk about omnichannel native, what we try to think about is a seamless path for the consumer. “ — Stewart Samuel, Director of Retail Futures, IGD The pandemic fundamentally changed how we shop, with many people becoming accustomed to online and omnichannel shopping. Rather than eradicate shoppers’ interest in physical stores, though, this […] Digital Shelf Institute December 5, 2023December 5, 2023 9 min read ConsumersShoppersOmnichannelBrick and MortarPredictions and ForecastsMerchandisingMarketing: In StoreMarketing: Retail MediaDept. GroceryStore LocationTechnology & InnovationAhold DelhaizeAIPodcastsFlagship StoresData & InsightsDept. Adult BevMarketing: Social MediaDept. BeverageData VisualizationMarketing: Direct & PersonalizationKraftHeinzResults & InvestmentStrategyCustomer ExperienceDeliverySustainabilityCOVID19TargetTech: CashierlessTrends: RetailBOPISOperations & Supply ChainTrends: Shopping 0 Saving Bookmark this article Bookmarked
Corporate Finance Kroger Q3 2023 Earnings Recap In Kroger’s Q3 earnings release on November 30th, the company signaled a continued conservatism in consumer shopping habits, leading to identical store sales declining by 0.6%. Additionally, Kroger updated its full year guidance, lowering estimates of same-store sales growth between 0.6 and 1%. This is down from previous guidance of 1-2% growth. These results point […] The Harvest Group December 4, 2023December 4, 2023 < 1 min read KrogerResults & InvestmentConsumersWalmartVendorsMarketing: Retail Media84.51 0 Saving Bookmark this article Bookmarked
Corporate Finance Top Companies for Employee Retention in the U.S. and UK Top Companies for Employee Retention in the U.S. and UK Workers weigh various factors when deciding to stay with a company for an extended period. These include a positive work environment, fair compensation, job security, opportunities for professional growth, and resilience against disruptive changes in the economy or technology. So, which companies excel in employee […] Visual Capitalist December 4, 2023December 4, 2023 3 min read AssociatesInternational - UKTechnology & InnovationSustainabilityResults & InvestmentHealth & WellnessEconomyDept. Adult BevData & InsightsCannabisCPG: Adult BeverageConsultingThick DataMarketing: Social MediaPricing & PromotionsConsumersDept. HBCDept. ApparelESG and CSROperations & Supply ChainUnilever 0 Saving Bookmark this article Bookmarked
Corporate Finance Target Q3 2023 Earnings Recap Target reported its Q3 2023 financial results on November 15th. For the second consecutive quarter, Target reported negative comparable sales, experiencing a top-line decline of 4.9% compared to Q3 2022. Persistent economic challenges have forced the Guest to be more discerning in their spending. Factors such as inflation, high interest rates, and the resumption of […] The Harvest Group December 4, 2023December 4, 2023 < 1 min read TargetResults & InvestmentOperations & Supply ChainEconomyShoppersVendorsDept. BeverageExecutivesDept. GroceryDept. HBCHoliday & EventsPredictions and ForecastsStore LocationMerchandisingBrick and Mortar 0 Saving Bookmark this article Bookmarked
Corporate Finance Kroger Blueprint 2023 Event Recap Last month our Harvest Group Kroger team hosted our annual Kroger Blueprint event in Cincinnati. We created our series of Blueprint events to remove the barrier between retailer strategy and our clients by hearing directly from retailer executives about the strategies for growth in the coming year and how they apply specifically to your business. […] The Harvest Group December 4, 2023December 4, 2023 3 min read Data & InsightsKrogerMarketing: Retail MediaConsumersStrategyVendorsMarketing: Social MediaExecutives84.51MerchandisingBig DataInsight ProvidersPredictions and ForecastsResults & InvestmentTechnology & InnovationMergersAlbertsons / SafewaySustainabilityMarketing: TradeDept. Center StorePartnershipsRegional GroceryOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Corporate Finance Claire’s taps Bath & Body Works vet for CFO-COO role [[“value”:”The appointment comes as the retailer is weighing the best time to go public, after withdrawing an IPO earlier this year.”]] RetailDive December 3, 2023December 3, 2023 < 1 min read ExecutivesStart UpsResults & Investment 0 Saving Bookmark this article Bookmarked
Corporate Finance Alimentation Couche-Tard reports net earnings of $819.2M in second quarter [[“value”:”And total merchandise and service revenues were $4.1 billion, up 1% from last year”]] Supermarket News December 3, 2023December 3, 2023 < 1 min read Results & InvestmentAlimentation Couche-Tard 0 Saving Bookmark this article Bookmarked
Corporate Finance NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […] Written by Retail TouchPoints December 7, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Corporate Finance Walmart’s hiring and wage pressures have eased, CEO says Walmart CEO Doug McMillon also said artificial intelligence is changing employees’ roles across stores and in warehouses. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Corporate Finance Regional grocers’ e-commerce sales slip in Q3, research finds The drop is due to a higher rate of lapsed shoppers who have either gone back to in-store buying or switched to a competitor’s online services, a new Brick Meets Click and Mercatus report found. Written by Grocery Dive December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Corporate Finance Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show In a CNBC interview, Walmart CEO Doug McMillon said the discounter is gearing up for a year when it faces tougher comparisons because of falling prices. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Corporate Finance DoorDash named one of Fortune’s Future 50 Companies The delivery company made the list out of 1,000 publicly traded companies that were considered Written by Supermarket News December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked