Retail Ecosystem

  1. Retail Ecosystem

Should Your Business Invest in Technology Now?

The big takeaway Your customers will respond to offerings that are genuinely useful and helpful to them, even in an economic downturn. The key is investing in innovation that adds value, rather than chasing what’s trendy. Need proof?  Beauty giant L’Oreal has invested more in research and development every year, even in tough times. That […]
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  1. Retail Ecosystem

Juul2 wins the Vaping and Heated Tobacco Products category at Product of the Year awards

Juul Labs’ new Juul2 system has been awarded Product of the Year 2023 in the Vaping and Heated Tobacco Products category, following an independent nationwide survey of 8,000 adult consumers. Juul2 was launched in April 2022 following a successful pilot launch on brand’s website. The rechargeable pod-based system was updated from previous versions with new […]
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  1. Retail Ecosystem

IGD identifies the six big retail trends of 2023

Driving down costs and increasing efficiency will be the biggest priorities for retailers in 2023, says the IGD industry think-tank. Toby Pickard, the IGD’s global insight leader, said these efforts would help retailers to “reset the cost base” of their businesses. The IGD’s six global retail trends, identified in its latest insight report, are: 1. […]
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  1. Retail Ecosystem

5 Winning Ways to Utilize Branding and Outsmart Your Competition in 2023

Brand consistency is one of the top techniques that tends to be overlooked in marketing plans. Yet it’s key in setting your business apart and targeting your desired audience. It’s crucial retail companies are maintaining and developing good customer relationships. To achieve this, the focus has to be on delivering brand consistency and building brand […]
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  1. Retail Ecosystem

How to Market Effectively Amid Economic Uncertainty in 2023

Ever since the COVID-19 pandemic, the economy resembles a chaotic rollercoaster ride that we can’t seem to get off. As a result, many companies are tightening their budgets and applying heightened scrutiny to their overall business strategies. An area in particular that’s sometimes the first to go is marketing, but that can actually cause more […]
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  1. Retail Ecosystem

How Wayfair is Prioritizing Innovation in its Brick-and-Mortar Strategy

Wayfair is prioritizing innovation across its organization, supported by technology providers like Toshiba Global Commerce Solutions. While at the National Retail Federation Big Show in New York City last week, Editor-in-Chief Joe Keenan spoke with Kevin O’Riordan, head of physical retail and supply chain engineering at Wayfair, and Fredrik Carlegren, vice president of marketing and communications at Toshiba Global Commerce Solutions. In […]
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  1. Retail Ecosystem

The Evolution of Medical Benefit Contracting: How Pharma Can Prepare

Today’s guest post comes from Saket Patel, Consultant, Advisory Services at MMIT. Saket discusses market access and contracting strategies for medical benefit products when pharmacy benefit biosimilar therapies launch. He then describes how to automate formulary and medical policies to protect manufacturers from overpayment. Click here to learn about MMIT’s Contract Validation solution. Read on […]
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  1. Retail Ecosystem

Boston Engineer Tests Pure-Play Curbside Pickup Store in Boston

The Boston Globe writes about Addie’s, a new independent pickup-only grocery store that has opened in Norwood, Massachusetts, about 20 miles south of Boston. It is, the Globe writes, “the brainchild of Jim McQuade, an aerospace engineer by training, who says he became ‘obsessed’ with the online grocery concept more than a decade ago, after […]
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  1. Retail Ecosystem

Bed Bath & Beyond Defaults On Its Loans

The Wall Street Journal reports that “Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer has defaulted on its credit lines. “The home-goods chain said Thursday it received a notice of default from JPMorgan Chase & Co. on Wednesday. The banks are calling for […]
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  1. Retail Ecosystem

CVS Health launches Community Equity Alliance

WOONSOCKET, R.I. —CVS Health announced a new initiative that will address barriers to care in underserved communities across the country. The CVS Health Community Equity Alliance is being established to expand the community health worker workforce, enhance connections between health care institutions and communities and address disparities in heart health and mental health outcomes. The Alliance […]
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  1. Retail Ecosystem

Food Lion launches ‘food pharmacy’ pilot program

SALISBURY, N.C. —  Food Lion and Novant Health are collaborating to launch a food pharmacy pilot program at Novant Health New Hanover Regional Medical Center in Wilmington, NC. A leading omnichannel retailer serving towns and cities across 10 states, Food Lion is committed to nourishing neighbors and families, setting them up for success in life. […]
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  1. Retail Ecosystem

Meijer Grocery format debuts with two new stores

GRAND RAPIDS, Mich. — Supercenter pioneer Meijer opened its first two Meijer Grocery stores in the Detroit metro area on Friday, introducing a more streamlined, food-focused shopping experience to customers in communities where there is no room for a full-sized Meijer store. “As a company, we’ve opened more than 500 supercenters, neighborhood markets and Meijer […]
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  1. Retail Ecosystem

CVS, Walmart to cut pharmacy hours amid labor concerns

NEW YORK — CVS Health and Walmart said they will be reducing pharmacy hours to address the ongoing pharmacist shortage, The Wall Street Journal reported Friday. CVS plans to cut or shift operating hours at about two-thirds of its 9,000-strong U.S. network in March, while Walmart intends to close most of its nearly 4,600 stores two […]
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  1. Retail Ecosystem

Chipotle seeks to hire 15,000 restaurant workers ahead of busy spring months

[[ Getty Images Chipotle Mexican Grill is seeking to hire 15,000 restaurant workers ahead of its busiest time of the year, which runs from March to May. In recent months, restaurants have found it easier to attract and retain workers, a reversal after the labor crunch that ensued after pandemic lockdowns. However, the sector has […]
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  1. Retail Ecosystem

Walmart-owned Sam’s Club plans to open about 30 new stores over next five years

[[ Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to open in Florida in 2024. Sam’s Club also plans to open five fulfillment and distribution centers this year, with the […]
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  1. Retail Ecosystem

Hasbro warns of weak holiday quarter results, cuts 15% of its workforce

[[ Getty Images Hasbro said Thursday it would eliminate around 1,000 employee positions and warned of weak holiday-quarter results. Shares of the toy maker fell more than 6% in extended trading. “Despite strong growth in Wizards of the Coast and Digital Gaming, Hasbro Pulse, and our licensing business, our Consumer Products business underperformed in the […]
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  1. Retail Ecosystem

RTIH Top 100 Retail Technology Influencers List: this is your last chance to enter

We’re gearing up to publish the latest edition of the RTIH Top 100 Retail Technology Influencers List. RTIH is scouring the retail tech world to find the most influential figures for this comprehensive list of people and trends that shaped the industry in 2022 and will continue to drive it further in 2023. With the […]
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  1. Retail Ecosystem

NRF 2023: Top Retail Influencers’ Key Takeaways

The RETHINK Retail team ventured to NYC from January 14-17th for NRF 2023: Retail’s Big Show. While there, we had the opportunity to speak with attendees from our Top Retail Influencer community and learn about their event experience. #TRI members- April Sabral, Andrew Smith, Carl Boutet, Alberto Serrentino, Charles Haseman, Christine Russo, Guy Courtin, and […]
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  1. Retail Ecosystem

DOJ suing Google for anti-competitive behavior in digital ad market

The Department of Justice has filed a civil antitrust suit against Google, arguing that the tech giant has engaged in monopolistic behavior including leveraging its market dominance to force digital advertisers to use its services. Google has responded by accusing the government of trying “to pick winners and losers in the highly competitive advertising-technology sector.”
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  1. Retail Ecosystem

Retailers use layoffs as a hedge against potential downturn

Saks Off Fifth laid off an unspecified number of workers on Tuesday. Saks.com cut about 100 workers from its payroll. Stitch Fix, Wayfair and others have also cut job cuts the start of 2023 as they attempt to operate profitably. “Retailers are really being cognizant of capital preservation,” said Catherine Lepard, who leads the global […]
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  1. Retail Ecosystem

Three Use Cases for Amazon Marketing Cloud

It seems like everyone is talking about Amazon Marketing Cloud lately. You might be wondering why there is so much excitement for AMC, and how you can actually use Amazon’s newest analytics tool to grow your business. Today, we’ll walk through three categories of use cases that advertisers like yourself can start implementing today.  What […]
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  1. Retail Ecosystem

Sweatcoin steps up personalisation with MoEngage

Crypto-rewards health & fitness app, Sweatcoin, steps up personalisation with MoEngage. Sweatcoin, the step counting app that pays customers to get active by converting their steps into currency, has partnered with MoEngage, the leading insights-led customer engagement platform, to enhance customer engagement as it fuels the growth of its Movement Economy. Sweatcoin is a new breed of […]
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  1. Retail Ecosystem

Source Home & Gift: Europe’s Newest Responsible Sourcing Show

The only international sourcing platform of its kind in the UK, Source Home & Gift taking place from 5th – 8th February at NEC Birmingham UK, has announced its seminar programme of informative talks taking place on its new Responsible Retail Stage across all four days of the inaugural show including a keynote with founder of JoJo Maman Bébé, […]
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  1. Retail Ecosystem

Millennials Dominated Holiday Shopping Spend — Here’s What it Means for 2023

In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […]
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  1. Retail Ecosystem

Retail Traffic Trends #112: Consumer Habits 2023

While some trends come and go, there were a few trends that have stayed with consumers throughout the year.   As online shopping continues to be a popular choice for consumers, physical stores can offer shoppers perks that e-commerce can’t replicate.    This week we look at trends to increase foot traffic and customer loyalty. […]
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