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The Harvest Group's articles

  1. Channel: Mass
Target reported Q4 and 2023 financial results at its annual investor day on March 5, 2024. Quarterly comp performance improved sequentially from Q2 to Q4, but 2023 ended with comps down -3.7%. Profitability outperformed expectations as the company realized $2B of operating income growth in 2023 and reported notable gross margin improvements. The stock was […]
  1. Channel: Ecommerce & Digital
Amazon experienced a record-breaking holiday season and finished the final quarter of the year in a more profitable position vs. the prior seven quarters. The company reported 14% year-over-year growth, surpassing their top-end predictions. CEO, Andy Jassy, attributed this success to several key areas including: reduced cost to serve stemming from fulfillment network enhancements and […]
  1. Channel: Club
On December 14, 2023, Costco released FY Q1 2024 results. Costco topped quarterly revenue & earnings expectations due to strong sales in Fresh Foods and Foods & Sundries with eCommerce and Non-Foods showing improvement. Underlying positive sentiment for Costco’s Q1 was anchored by traffic increases of +4.7% worldwide, membership renewal growth being up 10 bps […]
  1. Retailer Media
Who should own retail media responsibilities and budgets — Marketing or Sales? The most forward-thinking brands realize that there is no easy answer to this question. Ways to approach your media mix are constantly evolving – with new opportunities being added, such as the addition of off-site advertising via DSPs like The Trade Desk, or […]
  1. Channel: Grocery
In Kroger’s Q3 earnings release on November 30th, the company signaled a continued conservatism in consumer shopping habits, leading to identical store sales declining by 0.6%.  Additionally, Kroger updated its full year guidance, lowering estimates of same-store sales growth between 0.6 and 1%. This is down from previous guidance of 1-2% growth. These results point […]
  1. Channel: Mass
Target reported its Q3 2023 financial results on November 15th. For the second consecutive quarter, Target reported negative comparable sales, experiencing a top-line decline of 4.9% compared to Q3 2022. Persistent economic challenges have forced the Guest to be more discerning in their spending. Factors such as inflation, high interest rates, and the resumption of […]
  1. Data & Insights
Last month our Harvest Group Kroger team hosted our annual Kroger Blueprint event in Cincinnati. We created our series of Blueprint events to remove the barrier between retailer strategy and our clients by hearing directly from retailer executives about the strategies for growth in the coming year and how they apply specifically to your business. […]
  1. Channel: Ecommerce & Digital
Amazon reported an 11% year-over-year growth in their Q3 figures, surpassing their top-end predictions. CEO Andy Jassy attributed this success to reduced servicing costs stemming from an enhanced fulfillment network and heightened efficiency. This has enabled more same-day and next-day deliveries, leading to bigger order values and more frequent shopping. Furthermore, this year’s Prime Day […]
  1. Channel: Club
Costco topped quarterly revenue & earnings expectations due to steady grocery demand, despite weaker trends on discretionary & big-ticket items. Underlying positive sentiment for the end of Costco’s fiscal year was anchored by positive momentum for traffic & membership growth and an increase in their mix of Executive Memberships. *Note: Costco’s fiscal year runs from […]
  1. Channel: Grocery
​[[“value”:” In Kroger’s Q2 earnings release on September 8, the company reported a slowing of comp sales for the quarter, while signaling the challenges of lapping inflation-driven results in Q3 of 2022 and facing a disinflationary macroeconomic environment for the remainder of the fiscal year. In the most critical piece of news, Kroger and Albertsons […]
  1. Partnerships & Alt Profit
​[[“value”:” Harvest Group is proud to join the Sam’s Club Member Access Platform (MAP) partner program as a tech-enabled managed service partner. As a certified MAP Partner Club provider, Harvest Group will offer hands-on retail media management, covering everything a brand needs to promote their products efficiently and effectively at Sam’s Club — from strategy, […]
  1. Channel: Mass
On Thursday, August 17th, Walmart announced that Q2 earnings outperformed expectations and raised the company’s guidance for fiscal year 2024. Walmart noted Q2 upside and positive customer response to its value proposition. Gross profit rate increased 50 basis points as the company lapped higher markdowns and supply chain costs. Walmart U.S. gross profit growth was […]