Stores & Formats Target limits self-checkout to 10 items or fewer at most stores In addition to rolling out the express lanes, the retailer is giving managers more leeway to open and shut self-service lanes throughout the day. RetailDive March 19, 2024March 19, 2024 < 1 min read Tech: CashierlessTargetBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Post-Holiday Sales Are Down: What Can Retailers Do to Win the 2024 Season? While retailers typically put a significant emphasis on post-holiday sales, they didn’t resonate with shoppers after the 2023 holiday season. During the week after Christmas, year-over-year sales were down across the board, with only computer software sales seeing an increase from 2022. Department stores, cosmetics stores and clothing stores saw some of the largest declines, […] Jonathan Silver March 19, 2024March 19, 2024 4 min read ConsumersHoliday & EventsMarketing: TradeHealth & WellnessPredictions and ForecastsPricing & PromotionsOperations & Supply ChainShoppersBrick and MortarAmazonDept. NonfoodData & InsightsDept. ApparelESG and CSRTechnology & InnovationConsultingDept. FuelDept. HBCTrends: ShoppingDept. Toys & GamesExecutivesMarketing: Loyalty & SubscriptionMarketing: Social MediaResults & Investment 0 Saving Bookmark this article Bookmarked
Stores & Formats Fabric and Craft Retailer Joann Files for Bankruptcy Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending. In a statement released on Monday, the Ohio-based company said it filed for Chapter 11 bankruptcy protection and has secured $132 million in funding with most of its financial stakeholders that helps reduce its […] Melissa Campanelli March 19, 2024March 19, 2024 2 min read Data & InsightsBankruptcyShoppersResults & InvestmentCustomer ExperiencePredictions and ForecastsVendorsBrick and MortarCOVID19EconomyOperations & Supply ChainExecutivesAssociates 0 Saving Bookmark this article Bookmarked
Stores & Formats Exclusive: Google Debuts New Retail Media Solution with Lowe’s as First Beta Tester Google wants a bigger piece of the traffic driven by retail media advertising. To start getting it, the tech company has launched a new offsite retail media solution in closed beta. Lowe’s has signed on to be one of the first retailers to test the solution for what will be the first offsite retail media […] Retail TouchPoints March 18, 2024March 18, 2024 3 min read Marketing: Retail MediaGooglePartnershipsLowesData & InsightsOperations & Supply ChainAgenciesMarketing: Social MediaPredictions and ForecastsConsumersStore LocationDept. HBCTechnology & InnovationShoppersTargetSustainabilityBrick and MortarTrends: Retail 0 Saving Bookmark this article Bookmarked
Stores & Formats Harnessing QR codes on social networks In today’s digital age, where social media platforms like TikTok and Facebook reign supreme, businesses are constantly seeking innovative ways to stand out and connect with their target audience. One such method gaining traction is the strategic utilisation of QR codes within these social networks. By integrating TikTok QR code into marketing strategies, businesses can […] Retail Technology Innovation Hub March 18, 2024March 18, 2024 4 min read Marketing: Social MediaTikTokMeta (Facebook)ESG and CSRData & InsightsConsumersPricing & PromotionsMarketing: TradeTechnology & InnovationMarketing: Loyalty & SubscriptionPredictions and ForecastsCompetitionDept. NonfoodTargetShoppersDept. Natural / OrganicCustomer ExperienceTrends: MarketingMarketing: In StoreStore LocationHealth & Wellness 0 Saving Bookmark this article Bookmarked
Stores & Formats Joann Enters Structured Bankruptcy; Stores and Site to Remain Operational As it seeks to find firmer footing, Joann has entered a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and other parties that includes commitments for approximately $132 million in new financing. The 800+-store crafts retailer has initiated voluntary prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of […] Retail TouchPoints March 18, 2024March 18, 2024 2 min read BankruptcyBrick and MortarPredictions and ForecastsResults & InvestmentMarketing: Social MediaDept. NonfoodExecutivesVendorsShoppersOperations & Supply ChainAssociates 0 Saving Bookmark this article Bookmarked
Stores & Formats Joann files for Chapter 11 with a plan to cut $500M in debt Thanks to an agreement with lenders, stores will be open and vendors paid throughout the bankruptcy process, which could be completed next month. RetailDive March 18, 2024March 18, 2024 < 1 min read BankruptcyVendorsBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Kroger, Albertsons Fire Back At FTC Kroger and Albertsons have argued in separate legal filings that the federal Trade Commission (FTC) is misguided and flat-out wrong in opposing their $24.6 billion merger. Both retailers contend that the FTC, in suggesting that the deal would give the combined companies an unfair competitive advantage, ignores the fact that they would also be competing […] MorningNewsBeat March 18, 2024March 18, 2024 2 min read KrogerGovernmentRegional GroceryAlbertsons / SafewayAssociatesMarketing: In StoreMergersLegal & CriminalCompetitionTargetAmazonDivestituresCostcoBrick and MortarPredictions and ForecastsWalmart 0 Saving Bookmark this article Bookmarked
Stores & Formats “Technical Issues” Hit Global Retailers Bloomberg reports that in the UK, both Tesco and J Sainsbury suffered disruptions over the weekend caused by “technical disruptions.” According to the story, “J Sainsbury Plc, the country’s second-largest grocer, experienced ‘issues’ with contactless payments and won’t be able to deliver the ‘vast majority’ of the day’s online orders … Sainsbury’s Chief Executive Officer […] MorningNewsBeat March 18, 2024March 18, 2024 2 min read TescoTechnology & InnovationShoppersRestaurantsDept. GroceryExecutivesESG and CSRMarketing: Social MediaDeliveryPredictions and ForecastsSustainabilityInternational - UKBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Your Views: “Kick Them To The Curb” On Friday, we reported: In Connecticut, the Trumbull Patch reports that “a petition calling for enhanced equipment and improved conditions at a Stop and Shop grocery store in Trumbull has garnered more than 400 signatures as of Thursday night. “The petition, titled ‘Enhance Equipment and Conditions at Stop & Shop Trumbull CT,’ was launched earlier […] MorningNewsBeat March 18, 2024March 18, 2024 4 min read Ahold DelhaizeShoppersBrick and MortarPredictions and ForecastsStore LocationWegmansConsumersCustomer ExperienceRegional GroceryBOPISPricing & PromotionsRecommerceSustainabilityTechnology & InnovationWakefernESG and CSR 0 Saving Bookmark this article Bookmarked
Stores & Formats Beyond AI: Emerging Technologies That Are Reshaping Retail In today’s dynamic world of retail, the spotlight remains on artificial intelligence (AI) — and for good reason. AI is undoubtedly transformative, reshaping the future of retail. In addition to AI, other technologies are also making significant strides. Radio-frequency identification (RFID), replacing barcodes, revolutionizes supply chain and inventory management. Video analytics leverages computer vision to […] Isaac Krakovsky March 18, 2024March 18, 2024 3 min read Technology & InnovationAIConsumersOperations & Supply ChainData & InsightsConsultingShoppersTech: RoboticsStore LocationPredictions and ForecastsResults & InvestmentMarketing: Direct & PersonalizationTech: IoTDept. GroceryAssociatesMarketing: Loyalty & SubscriptionMarketing: In StoreTrends: RetailTrends: TechMarketing: BroadcastPartnershipsMarketing: TradeStore FormatStrategySustainability 0 Saving Bookmark this article Bookmarked
Stores & Formats Welsh c-stores commended for job creation, investment and community activity ACS (the Association of Convenience Stores) has praised the work that local shops in Wales do in their communities as part of the launch of the 2024 Welsh Local Shop Report. At the launch of the report last week in the Senedd (the Welsh Parliament),… This story continues at Welsh c-stores commended for job creation, […] Talking Retail March 18, 2024March 18, 2024 < 1 min read Brick and MortarResults & InvestmentPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Stores & Formats CRN challenges constitutionality of New York law WASHINGTON — The Council for Responsible Nutrition (CRN), the leading trade association for the dietary supplement and functional food industry, has filed a lawsuit challenging the constitutionality of a recently enacted New York state law that would impose age-based restrictions on the purchase of certain dietary supplements. Passed by the New York legislature and signed […] MMR March 18, 2024March 18, 2024 3 min read ConsumersLegal & CriminalExecutivesHealth & WellnessSustainabilityStrategyPredictions and ForecastsGovernmentDept. NonfoodDept. HBCDept. GroceryBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Investigating the Evolved Customer Journey: Trends, Challenges & Priorities Retailers know that digital influences the customer journey, from initial awareness to post-purchase. So why is there still such a staggering divide between consumers’ digital and physical brand experiences? We explore the gaps, challenges and opportunities on this week’s Retail Remix with Justin Racine and Zach Zalowitz of Perficient. Together with host Alicia Esposito, they […] Retail Remix Podcast March 18, 2024March 18, 2024 < 1 min read OmnichannelShoppersPodcastsCustomer ExperiencePredictions and ForecastsOperations & Supply ChainConsumersTechnology & InnovationStore LocationSponsoredMarketing: In Store 0 Saving Bookmark this article Bookmarked
Stores & Formats Target Introduces New Express Self-Checkout Nationwide Target has announced the launch of its new self-checkout policy, set to commence next week across all stores. RetailWire March 17, 2024March 17, 2024 < 1 min read Tech: CashierlessTargetBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Utilizing the External Data Boom for Digital Shelf Optimization Publications about marketing often invoke the comparison of a digital shelf with a physical one. After all, a digital shelf displays your products for the customer to browse, just like a shelf in a brick-and-mortar store would. This comparison, however, has its limits. While customers come to browse the physical shelf, your digital shelf goes […] Retail TouchPoints March 16, 2024March 16, 2024 5 min read Data & InsightsMerchandisingShoppersTechnology & InnovationAICompetitionPredictions and ForecastsDept. NonfoodOperations & Supply ChainMarketing: Social MediaBig DataCustomer ExperienceMarketing: In StoreStore LocationESG and CSRTargetMarketing: UGCGoogleAmazonThick Data 0 Saving Bookmark this article Bookmarked
Stores & Formats Foodservice Solutions® Top Six Reasons Consumer Buy Prepared Meals Consumers are dynamic not static according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. So, the question becomes just why are consumers in 2024 time-starved? Ok, let’s see a few reasons: · Busy Lives: The juggle of work, family, and personal commitments continue to be a major time drain. · Economic Factors: With […] Grocerant Guru March 16, 2024March 16, 2024 3 min read ConsumersDept. GroceryData & InsightsTechnology & InnovationMarketing: Social MediaAIDept. FreshBrick and MortarDept. PerimeterTwitterEconomyDept. Fresh PreparedMeta (Facebook)COVID19DeliveryESG and CSRDept. NonfoodHealth & WellnessInclusivityPredictions and ForecastsPricing & PromotionsRestaurantsShoppersUnilever 0 Saving Bookmark this article Bookmarked
Stores & Formats Chicago Target store on the verge of opening The location will be 44,000 square feet offer drive-up and order pickup service Supermarket News March 16, 2024March 16, 2024 < 1 min read TargetStore LocationBOPIS 0 Saving Bookmark this article Bookmarked
Stores & Formats Loblaw tests receipt scanning at self-checkout Scanners are located at four stores. So far, shoppers are not a fan Supermarket News March 16, 2024March 16, 2024 < 1 min read Tech: CashierlessShoppersBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Ulta Beauty Plans 2025 Expansion to Mexico Ulta Beauty, which posted strong financial results for 2023, will move into Mexico next year as part of a joint venture with global brands operator Axo. The retailer’s $11.2 billion in net sales for FY 2023, which ended Feb. 3, 2024, was 9.8% higher than the previous year, fueled by a comparable sales rise of […] Retail TouchPoints March 16, 2024March 16, 2024 < 1 min read Technology & InnovationDept. HBCPredictions and ForecastsInternational - North AmericaMarketing: Loyalty & SubscriptionMarketing: In StoreMarketing: Social MediaResults & InvestmentExecutivesHoliday & EventsShoppersStore LocationMerchandisingBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Grocery giant Sainsbury’s battles payments and online delivery issues as IT meltdown hits hard Sainsbury’s has today been hit by an IT meltdown following an ‘error with an overnight software update’ that has prevented the grocery retailer from being able to fulfil online orders and accept contactless payments in stores. “We’re experiencing technical issues affecting some stores, our Groceries Online service and our ability to contact customers. Unfortunately, we will […] Retail Technology Innovation Hub March 16, 2024March 16, 2024 2 min read Technology & InnovationShoppersBrick and MortarMarketing: Social MediaDeliveryInternational - UKOmnichannelPartnershipsTwitterData & InsightsPredictions and ForecastsCOVID19StrategyMarketing: In StoreGoogleExecutivesESG and CSRDept. Grocery 0 Saving Bookmark this article Bookmarked
Stores & Formats Dick’s to Open 16 Next-Gen ‘50K’ Stores, Expand House of Sport Format in 2024 Dick’s Sporting Goods posted strong results in fiscal 2023, which ended Feb. 3, 2024, with $13 billion in net sales, 5% higher than the previous year, and a 2.4% increase in comp store sales. For the coming fiscal year, the retailer is planning $800 million in CapEx expenditures to fund a major brick-and-mortar expansion that […] Retail TouchPoints March 16, 2024March 16, 2024 2 min read Predictions and ForecastsBrick and MortarStore LocationOmnichannelResults & InvestmentMarketing: Social MediaDept. ApparelTargetReturnsExecutivesStrategyDept. Sporting goodsDept. NonfoodOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Stores & Formats Harris Teeter tests DMV kiosks in three stores NC test could be expanded to more locations and other grocery banners Supermarket News March 16, 2024March 16, 2024 < 1 min read KrogerBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Target launches Express Self-Checkout Retailer will roll out a new approach at certain stores on March 17 Supermarket News March 16, 2024March 16, 2024 < 1 min read Tech: CashierlessTargetBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Outdoor Voices to shutter all stores this Sunday The activewear brand, once a DTC darling, told staff on Tuesday it would close stores this week as it shifts to an online-only model. RetailDive March 16, 2024March 16, 2024 < 1 min read Brick and MortarAssociates 0 Saving Bookmark this article Bookmarked
Stores & Formats Target, Walmart Evolve Their Self-Checkout Policies ABC News reports that Target is expanding on its test of a self-checkout policy that restricts those lanes to people buying 10 items or fewer. last year it tested the approach in 200 stores, and found that “self-checkout was twice as fast at those test stores.” Now, Target said it is “rolling out Express Self-Checkout […] MorningNewsBeat March 15, 2024March 15, 2024 < 1 min read Tech: CashierlessWalmartTargetBrick and MortarSustainabilityPredictions and ForecastsMarketing: Loyalty & SubscriptionDeliveryAssociates 0 Saving Bookmark this article Bookmarked
Stores & Formats Rough Week for Retail CEOs: Top Execs Out at Petco, Under Armour, Fossil It was a tough week to be at the top in retail with a number of companies announcing CEO switch-ups following disappointing performances, including Petco, Under Armour, Fossil Group and, as Retail TouchPoints previously reported, Allbirds. Former Best Buy COO to Lead Petco While CEO Search Gets Underway Ron Coughlin — who led Petco through […] Retail TouchPoints March 15, 2024March 15, 2024 4 min read ExecutivesPredictions and ForecastsResults & InvestmentMarketing: Loyalty & SubscriptionStrategyShoppersHealth & WellnessBest BuyDept. ApparelPartnershipsMarketing: Social MediaReturnsCustomer ExperienceInternationalOperations & Supply ChainHoliday & EventsLowesConsumersStart UpsTechnology & InnovationDeliveryBrick and MortarCOVID19EconomyAssociates 0 Saving Bookmark this article Bookmarked
Stores & Formats Outdoor Voices Abruptly Shutting All Stores, Becoming Online-Only Popular athleticwear brand Outdoor Voices, once predicted to be the next Lululemon, has abruptly decided to close its 16 stores and become an online-only retailer, multiple sources report. Outdoor Voices has not publicly commented on the news and did not immediately respond to Retail TouchPoints’ request for comment. The news was reported by a number […] Retail TouchPoints March 15, 2024March 15, 2024 < 1 min read Brick and MortarAssociatesPredictions and ForecastsMarketing: Social MediaOperations & Supply ChainDept. Apparel 0 Saving Bookmark this article Bookmarked
Stores & Formats Will Search Engine Traffic Really Drop 25% by 2026, As Gartner Predicts? Late last month, Gartner made a stunning prediction, forecasting an imminent and dramatic decline in search engine traffic. “By 2026, traditional search engine volume will drop 25%,” the research firm said. “with search marketing losing market share to AI chatbots and other virtual agents.” The prediction seemed aggressive, especially given that Microsoft Bing — with its […] Bigtechnology March 15, 2024March 15, 2024 7 min read Technology & InnovationAIBigTechPredictions and ForecastsData & InsightsStore LocationAmazonInsight ProvidersPodcastsChatGPTGoogleMarketing: VoiceMarketing: Social MediaMarketing: BroadcastStrategyTikTokStreamingConsumersVendorsExecutivesGovernmentOperations & Supply ChainESG and CSR 0 Saving Bookmark this article Bookmarked
Stores & Formats Amazon Ad Program Issues Come To Light The Seattle Times reports that “Amazon has pledged to make fixes to its advertising operation after mistakenly charging online merchants to promote products shoppers couldn’t purchase. “The problem came to light when a seller of advanced gaming computers discovered he was being charged thousands of dollars to advertise merchandise in California even though he had […] MorningNewsBeat March 15, 2024March 15, 2024 2 min read AmazonShoppersCustomer ExperienceTargetLegal & CriminalGovernmentGamingStore LocationPredictions and ForecastsMeta (Facebook)Google 0 Saving Bookmark this article Bookmarked
Stores & Formats Court sets late August start date for hearing on Kroger-Albertsons merger A federal judge in Oregon will decide during the proceeding whether to grant the FTC’s request to block the transaction. Written by Grocery Dive March 12, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Stores & Formats Kids Like to Go Out to Eat ask Chuck E. Cheese Don’t want to cook, don’t want to do dishes, well according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® your kids don’t want you hear you complain about cooking dinner either. Chuck E. Cheese has a new program for that has a great chance to make the entire family happy according […] Written by Grocerant Guru March 11, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Stores & Formats Publix reports 49% growth in net earnings in FY23 US supermarket chain Publix has reported net earnings of $4.3bn in FY23, marking a 49% increase from FY22’s $2.9bn. The post Publix reports 49% growth in net earnings in FY23 appeared first on Retail Insight Network. Written by Retail Insights Network March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Stores & Formats Target Q4 2023 Earnings Recap Target reported Q4 and 2023 financial results at its annual investor day on March 5, 2024. Quarterly comp performance improved sequentially from Q2 to Q4, but 2023 ended with comps down -3.7%. Profitability outperformed expectations as the company realized $2B of operating income growth in 2023 and reported notable gross margin improvements. The stock was […] Written by The Harvest Group March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Stores & Formats Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024 Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth. Written by Kroger March 7, 2024March 8, 2024 Saving Bookmark this article Bookmarked