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Daily QuickWit (7/28) – Top Retail News of the Day

Here’s what’s on the reading list for RetailWit today:

Shoppers stocking up on health-related items as COVID-19 cases rise, says Instacart. Disinfectants, cold medicine, and mask sales were up between 15% – 37% in the last few weeks. At the same time, the CDC has updated guidance and is telling Americans to mask up with the delta variant spreading. It’s a situation to keep an eye on for retailers.

Walmart is commercializing its online, fulfillment, and pickup technology. This feels like a logical extension for the retail media trend and they are pulling a page out of Instacart’s playbook. An example solution for retailer would be leveraging Walmart’s technology to offer seamless pickup and delivery. The aim is to “accelerate other companies’ digital transformations”, and, left unsaid by Walmart—develop a high margin, alternative revenue stream.

Speaking of Walmart, they are upping their game on employee benefits and will pay 100% of college tuition and books for employees. Most companies are facing a labor shortage and are looking for ways to win employees. Good on Walmart for raising the bar.

Amazon sending mixed signals on cryptocurrency. Officially, Amazon would say they do not have set plans for cryptocurrency, despite their “interest in the space”. Unofficially, it’s a different story—they have had job postings for cryptocurrency talent and internal sources say crypto is “integral part of the future mechanism of how Amazon will work” and that it’s coming from the top-down.

Campbell’s leans into NFT with packaging update. Remember when we gave that 411 on NFTs? Apparently, someone at Campbell’s was listening. Good on Campbell’s for combining their rich history and pop culture for promotion and brand building.

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