1. RetailWit QuickWit

Daily QuickWit (12/22) – Top Retail News of the Day

COVID test shortage to mimic the toilet paper issue from early 2020

Remember back in the early pandemic days? When we laughed about the toilet paper black market? Well, now COVID tests are trending that way as many retailers are limiting the number of tests you can buy at a time. Amazon is the latest to restrict the number of tests that can be bought at a time.

People everywhere are searching for the tests, and manufacturers are scrambling to make more. President Biden announced that 500 million tests will be sent out starting in January, but that is weeks away and people want to test before holiday get togethers. 

And apparently we can add candy canes to the list

Candy cane manufacturers are dealing with the same labor shortages and supply chain bottlenecks affecting other consumer products categories, and compounding that is holiday non-chocolate sales are up more than 34% this year. Hammond’s Candies, the largest candy cane maker in the U.S., has made the tough decision to stop taking new orders, and Doscher’s Candy Co.’s workers could only produce about 70 percent of the candy canes ordered this season by Sam’s Club.

Nestle identifies five trends for 2021

Nestle is focusing on five trends set to shape the food and beverage industry in the year ahead, based on what people eat to how and where they purchase foods. From new work routines to an increase in snacking, Nestle has it sights set on their predictions for 2021 – with a plan to increase online sales from 13% to 25% by the year 2025.

Rite Aid looks to trim 63 stores

As their ‘omni-pharmacy’ strategy advances, Rite Aid announces more than 60 stores to be earmarked for closure. This is all part of the efforts to reevaluate their brick-and-mortar retail base.
https://retailwit.com
Do you like RetailWit's articles? Follow on social!
Comments to: Daily QuickWit (12/22) – Top Retail News of the Day