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  1. RetailWIt QuickWit
Friday Daily on a Saturday? Hey, we all miss a deadline from time to time. Have a cup of coffee and catch up on the top retail news from yesterday… Uber is back in the news with yet another partnership, this time with Mercari (a resale marketplace), where they are offering a “no meet-up delivery” […]
  1. RetailWIt QuickWit
Here’s what was interesting in Retail today: Coca-Cola spurs 42% revenue growth (now $10.1B) after returning to pre-pandemic marketing spend (which doubled YOY). They invested in innovation, quality, and targeted allocation with their increased spend and beat earnings and revenue expectations in Q2. Target, Bed Bath and Beyond Open Doors To Third-Party Boutiques. The Store-within-a-store […]
  1. RetailWIt QuickWit
Here’s what the RetailWit crew is reading today: Salesforce projects retailers will pay extra for goods in the second half—to the tune of $223B (+62%) YOY. It’s expected to come from a staggering increase in logistics (+$163B), suppliers (+$12B), and wage expenses (+$48B). Uber partners with Albertsons to expand grocery delivery. It is their biggest […]
  1. RetailWIt QuickWit
Some really big news in the world of retail media, as Publicis Groupe acquires CitrusAd. Clearly, CitrusAd was having success within the retailers they operated in and this acquisition certainly strengthens the Publicis portfolio. The retail media game is starting to change, and the competition is getting stronger – this is going to make some […]
  1. RetailWIt QuickWit
Retailers continue to push into Healthcare, Instacart gets another C-Suite addition, and Market Volatility in today’s top stories: Dollar General hires a Chief Medical Officer. With other retailers pushing into the medical space, Dollar General has made their move with this latest hire. Dollar General has 17,400 stores across the country, including many in rural […]
  1. RetailWIt QuickWit
In the news today; retailers tackle climate change, a new lead for Walmart+, Kroger further invests in technology, Spartan Nash Rapid fire hiring & Heinz negotiates a treaty. Retailers Join Forces to Tackle Climate Change in the Race to Zero Geneva, Switzerland, July 7, 2021 — Leading retailers H&M Group, Ingka Group (IKEA), Kingfisher plc […]
  1. RetailWIt QuickWit
Another week, another Ransomware attack. The same group behind the JBS attack hit Kaseya, an IT firm that powers retail technology. The attack affected Swedish retailer, Coop. One thing is for certain: retailers need to focus on cybersecurity efforts, identify and build in redundancy in their systems—this will not be the last ransomware attack. Andy […]
  1. RetailWIt QuickWit
Not so fast, delivery. You can’t wake up without a startup entering the space, and consolidation is expected. As we mentioned in our previous daily, delivery is tablestakes for customers and an impossible (economic) problem to solve for companies—so far. The robots are here. Exosuits, automation, real time stock availability… The duality of using technology […]
  1. RetailWIt QuickWit
Pharmacy will be one of the next battlegrounds in Retail, and we’re prepping at RetailWit to understand the landscape of Retail Pharmacy. So, we created this cheatsheet as a guide to Rite Aid.
  1. RetailWIt QuickWit
Google delays Chrome’s cookie-blocking privacy plan by nearly 2 years Providing many advertising firms a stay of execution, Google announces a delay in it’s privacy plan often called the ‘death of cookies’.  Google believes blocking third-party cookies at this stage is actually bad for people using the web because it drives tracking companies to more […]
  1. RetailWIt QuickWit
Mintel released their June 2021 trend observations A good read of what is going on right now and what is relevant to retailers and brands everywhere Walmart’s former e-commerce chief Marc Lore says brands like Warby Parker can’t be replicated by big-box retailers More and more DTC brands keep showing up, it will be fascinating […]
  1. RetailWIt QuickWit
Friday is here, and we’re reading: Prime Day Spending Expected To Top $11 Billion, Adobe predicts. Seven years running, other retailers and brands have adopted Prime Day-like promotions. Adobe indicates those who do get a “halo effect” – large retailers (>1B online revenue) see a 24% lift, small retailers (<$10M online revenue) see a 14% […]
  1. RetailWIt QuickWit
Brick & Mortar Retail sales forecast increased to 10.5% – 13.5%. Citing “greater than expected resilience in the economy and consumer spending”, the NRF revised sales growth from 6.5 – 8.2% to 10.5% – 13.5% for B&M Retail. Non-store and online sales growth remains unchained (18 – 23%). Amazon to open its first Fresh supermarket […]

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  1. RetailWIt QuickWit
Here’s what was interesting in Retail today: Coca-Cola spurs 42% revenue growth (now $10.1B) after returning to pre-pandemic marketing spend (which doubled YOY). They invested in innovation, quality, and targeted allocation with their increased spend and beat earnings and revenue expectations in Q2. Target, Bed Bath and Beyond Open Doors To Third-Party Boutiques. The Store-within-a-store […]
  1. RetailWIt QuickWit
Here’s what the RetailWit crew is reading today: Salesforce projects retailers will pay extra for goods in the second half—to the tune of $223B (+62%) YOY. It’s expected to come from a staggering increase in logistics (+$163B), suppliers (+$12B), and wage expenses (+$48B). Uber partners with Albertsons to expand grocery delivery. It is their biggest […]

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