Department: HBC

  1. Department: HBC

Amazon Creates $150 Million Fund to Invest in Minority-Owned Accelerator and VC Firms

Amazon has launched Amazon Catalytic Capital, an initiative that will invest $150 million in venture capital funds, accelerators, incubators and venture studios that provide funding to entrepreneurs from underrepresented backgrounds, primarily at the pre-seed/seed stage of venture capital funding. The company will invest in funds that focus on Black, Latino, Indigenous, women, and LGBTQIA+ founders […]
2 min read
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  1. Department: HBC

Market Performance Group (MPG) acquires The CPG

PRINCETON JUNCTION, N.J. – Market Performance Group (MPG) has acquired The Creative Partners Group (The CPG). The deal will further expand MPG’s best-in-class omnichannel strategy and services capabilities at Target Corp. and throughout the retail marketplace, the company said. Marc Greenberger   Described as a one-stop retail powerhouse, The CPG is one of the country’s […]
3 min read
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  1. Department: HBC

Editorial: Walmart needs to ‘get a grip’ for firing worker who smoked weed off the clock

Walmart allegedly fired an employee in New Jersey after he tested positive for marijuana in a pre-employment screening test. The worker in question, Eric Zanetich, had not even reported for his first shift at the chain when he was let go. Marijuana consumption is legal in New Jersey and the state’s law makes clear that […]
< 1 min read
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  1. Department: HBC

September 2022: retail technology deals and deployments at a glance

RTIH rounds up the stand out retail systems deals, deployments and pilots from September, including Walmart, Amazon’s Just Walk Out technology, Kwik Trip, Marks & Spencer, Currys, Boots, Lowe’s, Ikea, and Aldi. Lowe’s is tapping NVIDIA Omniverse Enterprise to create interactive store digital twins in Mill Creek, Wash,. and Charlotte, N.C. “We are always looking […]
6 min read
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  1. Department: HBC

Measuring the value of audience profiling

The power of audience profiling lies in the ability to target your ideal customers by understanding exactly what makes them tick. Without it, you’re reducing your chances of landing effective marketing campaigns. But the problem is, attributing audience profiling directly to revenue results is a challenge all marketers face. How can you tell if it’s […]
4 min read
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  1. Department: HBC

A Short Guide To Technographic Data And The Information It Provides For Retailers

Data gathering and analysis play a significant role in modern business. As big data and cloud technologies continue to grow, so does the importance of data. Companies are turning towards centralized data storage and collection.  Making the most of all the data that enters a business is crucial. In other words, modern companies need to […]
3 min read
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  1. Department: HBC

Kroger Health to offer co-branded health plans

DETROIT — Kroger Health is partnering with Michigan’s second-largest health plan, Priority Health, to launch two co-branded Medicare plans that promise to address patients’ whole-health needs. The two co-branded plans, PriorityMedicare + Kroger (PPO) as well as PriorityMedicare D-SNP + Kroger (HMO), will be available in eight counties in Southeast Michigan beginning in January 2023. […]
2 min read
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  1. Department: HBC

10 retail trends to watch in 2023

The world of retail is moving faster than a new PlayStation console on launch day. Luckily, we’ve got bags of consumer insight at the ready to help you work out what’s next for the industry. Big questions are swirling around the future retail trends of 2023: What are people spending more on?  Which generations are […]
6 min read
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  1. Department: HBC

Fastest Growing Online Brand In The U.S. Crowned After Posting 13x Sales Growth In One Year

The new list of the 50 fastest growing e-commerce brands of the past year reveals that the top 25 US ecommerce brands generated more than $341 million in revenue over a 12-month period (2020-2021). A specialist bicycle wheel store has emerged as the fastest-growing ecommerce brand in the US, with a staggering 13x (1,357%) growth […]
4 min read
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  1. Department: HBC

Walgreens pledges $1 million in Hurricane relief aid

DEERFIELD, Ill. — Walgreens is supporting storm relief efforts in communities across Florida, Puerto Rico and other areas impacted by Hurricanes Ian and Fiona, with $1 million in donations announced on Monday. The donations include $500,000 each to the Florida Disaster Fund and the American Red Cross Hurricane Fund. The American Red Cross donation goes […]
2 min read
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  1. Department: HBC

NYC Theft Costs Rite Aid Millions During Q2

Business Insider reports that Rite Aid “is struggling against increased theft at its New York City stores that executives say cost the pharmacy chain $5 million in losses during its most recent quarter … In a call with investors Thursday, executives said the company is testing new security efforts to prevent theft in high-crime areas. […]
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  1. Department: HBC

Walmart Wellness Day Highlights Flu Immunizations, Updated COVID-19 Boosters

BENTONVILLE, Ark., Oct. 3, 2022 — Walmart invites communities to get healthy ahead of peak flu season at Walmart Wellness Day on Saturday, Oct. 8 from 10 a.m. – 2 p.m., where customers can receive affordable immunizations like flu, pneumonia, shingles, HPV and more at pharmacies nationwide. COVID-19 bivalent boosters will also be available with […]
2 min read
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  1. Department: HBC

Walgreens launching automated RX fulfillment centers

Walgreens is setting up a network of prescription drug fulfillment centers to serve customers at local stores. The fulfillment centers make use of robots to fill prescriptions more quickly than human pharmacists. “This frees up the capacity of our most skilled professionals,” said Rina Shah, group vice president of pharmacy operations and services at Walgreens. […]
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  1. Department: HBC

How To Sell Your Product To Best Buy

Are you a small consumer electronics product brand who’s trying to figure out how to sell to Best Buy? If so, you are not alone. Best Buy is the largest brick-and-mortar retailer in the US for consumer electronics, which is why thousands of brands attempt to get their products in the company’s stores every year. In […]
4 min read
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  1. Department: HBC

A New ESG?

ESG has been important to companies and to investors though recently there has been some blowback from certain segments of the market on whether ESG is a feel-good, hard to measure, share-holder unfriendly and fuzzy goal. This piece proposes that while ESG remains important a new ESG which is far more focused and therefore measurable, […]
6 min read
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  1. Department: HBC

As Cannabis Goes Mainstream, Opportunity Grows for Traditional Retailers

Cannabis is in growth mode: the industry posted sales between $24.5 and $27 billion in 2021 and reached an estimated 11,800 retailers in 2022, according to data from the MJBiz Factbook. A Gallup poll found that 68% of Americans believe marijuana should be legal and 16% of adults aged 26 and over used cannabis in […]
6 min read
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  1. Department: HBC

Fanatics, Sephora Add Hyperlocal Delivery Options in Advance of Holidays

Sports fan destination site Fanatics and beauty retailer Sephora are both gearing up for the holiday sales rush with the debut of new, faster delivery options. Fanatics has teamed up with UPS-owned Roadie to offer local next-day delivery; while Sephora has debuted a same-day delivery option that will be served by its delivery partners Uber, […]
2 min read
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  1. Department: HBC

Panel: Finding Your Brand’s Place in the Metaverse | Total Retail Tech 2022

This video features a panel discussing brand strategy in the metaverse from Total Retail Tech 2022 in Nashville. Speakers include Mimi Ruiz, Vice President, E-Commerce, PacSun; Justin Hochberg, CEO and Founder, Virtual Brand Group; Ekta Chopra, Chief Digital Officer, e.l.f. Beauty; and moderator Ron Offir, Managing Director, Retail and Consumer Products, Deloitte Consulting. While the metaverse may not be […]
< 1 min read
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  1. Department: HBC

Best Buy to Boosts Retail Media Insights Through New Partnership

Best Buy will partner with DoubleVerify, a software platform for digital media measurement, data and analytics, to improve the measurement capabilities of its Best Buy Ads retail media network. The partnership will provide additional tools to both Best Buy and its brand partners to boost the efficiency of their ad campaigns. Best Buy advertisers that […]
< 1 min read
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  1. Department: HBC

Building Omnichannel Brands with Haleon’s Rachel Marler

The CPG Guys, PVSB and Sri are joined in this episode by Rachel Marler, Chief Customer Officer of Haleon, the newly rebranded spinoff from GSK Consumer Healthcare.  Haleon plc is a British multinational consumer healthcare company. It is the largest consumer healthcare business in the world, with brands including Sensodyne toothpaste, Panadol and Advil painkillers […]
2 min read
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  1. Department: HBC

At White House Conference, Hy-Vee commits to fight hunger

WEST DES MOINES, Iowa — At Wednesday’s White House Conference on Hunger, Nutrition and Health in Washington, D.C., Hy-Vee chairman and CEO Randy Edeker stated that the company will deliver 30 million meals to vulnerable communities by 2025, as well as deploy its registered dietitian team to educate 100,000 Americans in areas of low food […]
2 min read
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  1. Department: HBC

Elon Musk’s Text Exchanges Show Twitter Deal Going Off The Rails

Big Technology is a weekly newsletter dedicated to covering the tech world with honest, nuanced reporting. Join the 80,000+ subscribers who tune into Big Technology for tech news without the spin. Here’s an easy way to subscribe: Subscribe now Join us in Santa Clara on 10/18 and 10/19. On Thursday afternoon, the Delaware Chancery Court […]
9 min read
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  1. Department: HBC

Rite Aid posts mixed Q2 results

PHILADELPHIA – Rite Aid had mixed second quarter results, reporting sales that beat analysts’ forecast but posting a wider than expected loss. The company ‘s $5.9 billion in revenue topped Wall Street’s prediction of $5.77 billion. But its adjusted 63 cents per share loss was worse than the anticipated 55 cents per share. For fiscal […]
4 min read
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  1. Department: HBC

Customers flock to pharmacies for COVID-19 boosters and flu shots

A high percentage of pharmacists and pharmacy techs have suffered from burnout since the pandemic hit the U.S. in 2020. The recent release of new COVID-19 boosters and this year’s flu shot have increased traffic to retail pharmacies, putting further pressure on staff at those locations.
< 1 min read
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  1. Department: HBC

4 Steps Retailers Can Take to Market Themselves in a Recession

Marketing is often first on the chopping block during a recession, and with GDP contracting two quarters in a row, retail marketers are working hard to determine how to make each dollar go further. Many organizations will cut marketing spend in a bid to preserve margins. But research shows slashing marketing programs can undermine revenue […]
4 min read
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  1. Department: HBC

Outsourced Returns Management Benefits Third-Party Online Sellers

Big-box retailers aren’t the only ones contending with reverse logistics challenges. Returns are an expensive headache for third-party online sellers as well. Vendors on Amazon.com, eBay, Walmart.com, and Wish.com must handle excessive e-commerce returns, as 20 percent of all online purchases are sent back. Online sellers must also contend with higher consumer expectations for a […]
4 min read
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  1. Department: HBC

Nestlé Confectionery reveals Quality Street and KitKat sustainable pack innovations

Nestlé Confectionery has announced sustainable packaging innovations for two of its best-loved brands – Quality Street and KitKat. In a category first, Quality Street will move to recyclable paper packaging for its twist-wrapped sweets. By replacing the double layer of foil and cellulose with a paper wrap, Quality Street will remove more than two billion […]
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  1. Department: HBC

Groceryshop 2022: Top Retail Influencers’ Key Takeaways

The RETHINK team visited Las Vegas from September 19-22 for Groceryshop 2022. While there, we had the opportunity to speak with many of our Top Retail Influencers and learn about their event experience. #TRI2022 members- Ricardo Belmar, Michael LeBlanc, Jeff Roster, Melissa Minkow, Bryan Gildenberg, Andrea Leigh, and Stewart Samuel- all shared their thoughts on […]
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