Corporate Purpose

Articles about retailers doing good for their communities, the environment, etc.

  1. Corporate Purpose

Dollar General opens 19,000th store

GOODLETTSVILLE, Tenn. — Dollar General marked the grand opening of its 19,000th store in Joplin, Mo. on Monday with a community celebration and a $19,000 donation to a local elementary school. Customers also received complimentary DG gift cards, tote bags and product samples. “Today marks an exciting milestone in Dollar General’s history as we open […]
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  1. Corporate Purpose

The ‘time is now’ to redefine pharmacy’s role

ORLANDO, Fla. — In its 90th year, the National Association of Chain Drug Stores (NACDS) remains focused on the same yet ever-evolving goal: Leading the future of an industry dedicated to advancing health and wellness for all Americans. That is the central theme at this year’s NACDS Regional Chain Conference, which is currently underway. Justin […]
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  1. Corporate Purpose

Hairitage launches anti-dandruff collection at Walmart

NEW YORK — Hairitage by Mindy McKnight, a pioneer in inclusive hair care, is introducing a revolutionary line of antidandruff products exclusively at Walmart. The Hairitage Anti-Dandruff collection raises the industry standard for scalp care, with cleaner formula solutions to eliminate every type of dandruff, each priced at less than $10. This pH optimized and […]
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  1. Corporate Purpose

Influencer Marketing helps brands break through the clutter

Influencer marketing is a form of marketing that leverages the influence of individuals with a large following on social media or direct access to influence a consumer. While most think of influencers as celebrities named Kardashian, Beyonce, or Lebron, open your minds to finding ways to reach those consumers who love your brand, and can […]
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  1. Corporate Purpose

Italian job for Emperia as it helps Pinko venture into the metaverse for the first time

Italian fashion brand, Pinko, has announced the launch of its first virtual store, developed using the Emperia platform and celebrating the opening of its new Milan boutique. It says that this aims to “drive brand recognition and tap into new female communities, alongside empowering women around the world to feel independent and able to express […]
3 min read
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  1. Corporate Purpose

C-Store Consumers want Fresh Food Fast Priced Right

  Convenience store operators want to garner a larger share of stomach and they continue to target fast food restaurant customers looing for something new, fresh, fast, that cost less.  Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® stated, the constant fluctuating price of gasoline is not attractive to consumers nor does it […]
4 min read
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  1. Corporate Purpose

Finally, a Drive-Thru Only Grocery Store

  Gen Z and Millennials have an ongoing desire for fresh food discovery, seemingly not wanting to be ‘their parents’, so the question is will they opt for and migrate too a drive-thru grocery store?  According to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®, “The jury is still out. It will depend […]
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  1. Corporate Purpose

Competing On Brand Purpose Is Here To Stay

The status quo is always being challenged. Whatever dominates is always being criticized and derogated. The mainstream is never the only thing. Trends invite counter-trends. Purpose used to be a challenge to the mainstream. The idea of shareholder capitalism accountable to no other constituencies of interest became the mainstream view of business during the 1970s. […]
2 min read
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  1. Corporate Purpose

How Daniel’s Jewelers Designs Stores and Shopper Experiences for Hispanic Consumers

Joseph Sherwood founded Daniel’s Jewelers in 1948 to make jewelry more accessible for all families. Over the years the retailer has carved a unique space in the Hispanic market thanks to its unique approach to financing, in-store services and merchandising. This has allowed the company to establish a unique value proposition that speaks to the […]
4 min read
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  1. Corporate Purpose

Here’s How Your Field Service Team Can Fix Problems Before They Happen

How much does it cost your business if your equipment goes down for one hour, one day, or one week? What kind of impact does equipment downtime have on your customers and your reputation? Prioritizing proactive field service can help you not only reduce operating costs but also keep your customers happier — and coming […]
6 min read
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  1. Corporate Purpose

Aldi expands Too Good To Go partnership nationwide following successful trial

Aldi is rolling out its partnership with the world’s largest surplus food platform, Too Good To Go, across all of its 990 UK stores. Following a successful trial last year, Aldi is now offering surplus food bags available nationwide, in a bid to tackle food waste while also offering even lower prices to customers. The […]
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  1. Corporate Purpose

Why Lack of Inventory Transparency May Be Hindering Your Business Growth

Calculating how much inventory to keep on hand can sometimes feel like a Goldilocks story. Too much inventory and you’re left with wasted product. Not enough inventory and you’re left with unhappy shoppers and lost profit. Oftentimes, the amount of inventory on hand is a result of supply chain issues, of which there has been […]
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  1. Corporate Purpose

Brand Reliance on Cookies is Ruining the Element of Surprise for Consumers (and Yes, They Resent it)

Forget about “Cookie Doomsday.” Even if Google never fully deprecates the third-party cookie in Chrome, retailers still need to ditch those bits of code as soon as they can. The simple fact is that third-party cookies are destroying consumers’ ability to shop the way they want to shop, and the long-term fallout from the resulting […]
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  1. Corporate Purpose

How Retailers Are Using Customer Delivery Personas to Protect Profit Margins

Despite record levels of inflation and rising interest rates, there’s good news for retailers: holiday spending was forecasted to be healthy. According to the National Retail Federation (NRF), holiday retail sales in the U.S. during November and December were expected to increase 6 percent to 8 percent from 2021 levels to between $942.6 billion and […]
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  1. Corporate Purpose

Tips for Improving the Effectiveness of Loyalty Programs

Customer loyalty is increasingly sought by retailers and brands in today’s challenged and hypercompetitive consumer landscape. However, attaining that loyalty is easier said than done. Here’s some data to back that up: two-thirds of consumers are open to switching brands if a competitor offers a better experience; a third of consumers will abandon a brand […]
2 min read
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  1. Corporate Purpose

Vera Bradley Shakes Up Leadership, Fully Acquires Pura Vida for $10M

Vera Bradley last week announced a new streamlined corporate structure and full acquisition of bracelet brand Pura Vida. As a part of the reorganization, the company has eliminated the positions of Vera Bradley Brand President Daren Hull, Chief Creative Officer Beatrice Mac Cabe, and Chief Revenue Officer Mary Beth Trypus. Pura Vida Co-Presidents Griffin Thall and […]
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  1. Corporate Purpose

Office Hours: Recessionary Signals, Investing Advice, And Dealing With a Toxic Work Environment

Scott discusses what the increasing layoffs and reductions in force (RIFs) actually mean for our economy. He then gives insight on how to build economic stability through your investments, and ends with advice to a young professional dealing with a toxic work environment. Music: https://www.davidcuttermusic.com / @dcuttermusic Learn more about your ad choices. Visit podcastchoices.com/adchoices
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  1. Corporate Purpose

Whole Foods asks for lower prices, CEO apologies for layoff email and more

Plus: MrBeast’s blindness video raises ethics questions. Whole Foods has asked some food producers to lower prices as pressures from inflation begin to ease across the country, the Wall Street Journal reported. “We know our customers are weighing the impacts of inflationary pressure on their buying choices,” Alyssa Vescio, Whole Foods’ senior vice president of […]
4 min read
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  1. Corporate Purpose

How the Values-Oriented Shopper Is Shaping Modern Commerce

Fragmented audiences create a unique challenge for brands and retailers Product innovation is one of the most exciting aspects of the health and wellness industry—and it can also be one of the most overwhelming. Within one year, SPINS channels tracked 71,000 new brands, with 65% of them specifically within the health and wellness space. This […]
4 min read
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  1. Corporate Purpose

Retail Media’s Next Act with Albertsons Media Collective’s Kristi Argyilan & Evan Hovorka

The CPG Guys, PVSB and Sri are joined in this episode by Kristi Argyilan, SVP & Evan Hovorka Head of Products & Innovation Management at Albertsons Media Collective, the retail media arm for Albertsons Companies. Follow Kristi Argyilan on LinkedIn at: https://www.linkedin.com/in/kristiargyilan/Follow Evan Hovorka on LinkedIn at: https://www.linkedin.com/in/evanhovorka/ Follow Albertsons Media Collective on LinkedIn at: […]
2 min read
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  1. Corporate Purpose

CVS introduces one + other personal care brand

WOONSOCKET, R.I. — CVS Pharmacy has launched one+other (pronounced ‘one another’), a new beauty and personal care brand that the company says is designed to celebrate individuality with a line of self-care essentials designed to be mixed and matched. According to a survey conducted by The Harris Poll on behalf of CVS Health, 91% of […]
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  1. Corporate Purpose

Regional Chain Conference speakers address key issues

ORLANDO — The 2023 National Association of Chain Drug Stores Regional Chain Conference closed Tuesday with more presentations from top speakers on the most timely issues affecting the industry and the patients and consumers it serves. A key feature of the programming was the One-to-One Business Conferences — a highly popular element of the schedule […]
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  1. Corporate Purpose

Drive-Up Grocer Addie’s Opens First Store, Plans to Expand Across U.S.

The new supermarket concept Addie’s, a self-described “drive-up grocer,” has opened its first store in Norwood, Mass., fueled by $10.1 million in seed funding it recently received from Rose Park Advisors. The pickup-only store does not allow in-store shopping; instead, the store serves as an onsite warehouse designed solely for stocking, storing and bagging groceries. […]
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  1. Corporate Purpose

KFC Balances Employees and Customers for Sustainability

  Balancing a ‘dual mandate’, is the mantra most business leaders have been hearing a little too much of lately. So, just what is the most important dual mandate within the retail food sector today? That mandate according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® is branded messaging with equal relevance […]
4 min read
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  1. Corporate Purpose

How Mentorship and Sponsorship Fuel DEI Success

With her wealth of experience and diverse industry connections, Kimberly Lee Minor is driving positive change in the retail world. She has an infectious enthusiasm for community connection and a proven track record in implementing effective data-backed strategies around Diversity, Equity & Inclusion. During this episode of Retail Remix, we tap into Kimberly’s wealth of […]
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  1. Corporate Purpose

A fresh new look for relaunched Ayrshire Spar store

Spar Hillfoot Road in Ayr celebrated its re-launch on 19 January following an extensive store refit. The Spar Scotland company-owned store has received major investment to bring it in line with CJ Lang’s latest modern Spar store models and their drive to be more energy efficient. The store’s exterior now has a new bright Spar […]
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  1. Corporate Purpose

Shipping’s 2023 Transformational Trends

The e-commerce industry is heading into a year of rapid change and potential uncertainty, as labor and capacity issues could intensify or ease, carrier and rail strike concerns could reemerge, and fuel prices and shipping surcharges might be a crapshoot. Plus, ever-evolving technologies, strategies and innovations make keeping up with customers’ expectations increasingly difficult. However, […]
3 min read
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  1. Corporate Purpose

Holiday sales fall short of forecast

WASHINGTON — Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s forecast amid continuing inflation and high interest rates, NRF said. While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 trillion, meeting NRF’s forecast of […]
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  1. Corporate Purpose

Mondelēz International Reports Q4 and FY 2022 Results

Full Year Highlights Net revenues for the full year increased +9.7% driven by Organic Net Revenue1 growth of +12.3% with underlying Volume/Mix of +2.7%. For the fourth quarter, Net revenues increased +13.5% driven by Organic Net Revenue1 growth of +15.4% with underlying Volume/Mix of +1.6% Diluted EPS was $1.96, down 35.5%; Adjusted EPS1 was $2.95, up +11.9% on […]
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  1. Corporate Purpose

Aldi expands Too Good To Go partnership nationwide following successful trial

Aldi is rolling out its partnership with the world’s largest surplus food platform, Too Good To Go, across all of its 990 UK stores. Following a successful trial last year, Aldi is now offering surplus food bags available nationwide, in a bid to tackle food waste while also offering even lower prices to customers. The […]
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  1. Corporate Purpose

dunnhumby’s Sixth Annual Retailer Preference Index (RPI) for U.S. Grocery
THE GROCERS BEST ‘BUILT TO LAST’

H-E-B, Costco Best Navigate The 2020 – 2022 Pandemic Grocery Market Upheaval, Bumping Amazon From Its Top Ranking Customers emerged from 2020 – 2022 placing more importance than ever on finding the right balance of savings and quality while placing less importance on saving time. Pandemic surge in retailer digital capabilities and consumer digital adoption […]
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