Every week we summarize the top news and stories, here are our picks from last week including links to the stories:
- Aldi dominates in food product innovation. There weren’t any other private label brands in this list of top products from 2020, as voted by shoppers.
- Both Walmart and CVS shared their respective fourth quarter results. Surprisingly, Walmart missed their Wall Street expectations despite an 8.3% ID sales growth, while CVS beat their numbers despite Pharmacy showing a negative trend.
- Coca-Cola acquires a controlling interest in BodyArmor, but they still play second fiddle to Gatorade in the sports drink category. Will that change?
- Old Spice opens a barber shop, as the world of brands and services continue to collaborate.
- New trends in customer loyalty and engagement show that “risk mitigation” and “wellness” are top of mind for everyone now – we can only wonder why…
- Crowd Sourced Innovation from Amazon, new ideas and lots of data to reduce the risk of failure. Amazon continuing to do Amazon things.
- Target is changing up their C-Suite. Notably, they’ve added a new executive role: Chief Growth Officer in the form of Christina Hennington. Target is leapfrogging the competition and cracked the code on growth, now they are doubling down on it.
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