Daily QuickWit (2/2) – Top Retail News of the Day

In our 2022 predictions article we shared yesterday we said Environmental, Social and Governance (ESG) focus should be high on the priority list for retailers and manufacturers in 2022 and today there are several articles on that exact topic.

ECRM to host diversity and sustainability events

ECRM is stepping up its efforts to drive retail industry engagement around Corporate Social Responsibility (CSR) with its Diversity Week and Retail Sustainability Collaborative, two educational and product sourcing initiatives in support of creating more opportunities for diverse, inclusive and sustainably-focused suppliers.

CBL makes diversity commitment in new partnership

CBL Properties has partnered with Wade Hinton and his Hinton & Company to aid the company’s efforts to help guide its environmental, social, and governance initiatives.

Natural Grocers Publishes Inaugural ESG Report

Natural Grocers has released its first Environmental, Social and Governance (ESG) report. Although it has built its business on sustainability and regenerative agriculture since its founding in the 1950s, the natural and organic retailer mapped out its standards and results in the recently-released document.

In other news:

Alphabet reports big fourth-quarter beat

- Alphabet beat on the top and bottom lines for the fourth quarter:
  - Revenue: $75.33 billion vs $72.17 billion expected
  - Google’s advertising revenue came in at $61.24 billion, up 33% from $46.2 billion in the same period a year earlier
- The company also announced a 20-for-1 stock split

Shipt names Target operations executive as CEO

Kamau Witherspoon will take over leadership of the same-day delivery company on March 1 from Kelly Caruso, another Target veteran, who has been at the helm since early 2019.

Lastly, also in our predictions article we state that we believe qcommerce will stumble in 2022 and Brittain Ladd shares a insightful opinion piece on why “New York City Is Killing Rapid Grocery Delivery Companies”