Technology & Innovation Pacsun Names 17-Year Company Veteran Co-CEO Pacsun has appointed President Brie Olson to the role of Co-CEO alongside Co-CEO Mike Relich, effective March 9, 2023. Current Pacsun Co-CEO Alfred Chang will step down after 17 years with the company to join Fear of God as CEO. Chang will stay with Pacsun in his current capacity until March 8 to facilitate the […] Retail TouchPoints January 27, 2023January 27, 2023 2 min read ExecutivesTechnology & InnovationMetaversePartnershipsTrends: TechPredictions and ForecastsMerchandisingMarketing: SocialDept. ApparelBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Boston Engineer Tests Pure-Play Curbside Pickup Store in Boston The Boston Globe writes about Addie’s, a new independent pickup-only grocery store that has opened in Norwood, Massachusetts, about 20 miles south of Boston. It is, the Globe writes, “the brainchild of Jim McQuade, an aerospace engineer by training, who says he became ‘obsessed’ with the online grocery concept more than a decade ago, after […] MorningNewsBeat January 27, 2023January 27, 2023 2 min read BOPISBrick and MortarTechnology & InnovationCompetitionResults & InvestmentPredictions and ForecastsDept. PerimeterDept. GroceryDept. FreshDept. DairyCOVID19Associates 0 Saving Bookmark this article Bookmarked
Trends & External Forces Return to Store – The Future of Retail With many retailers reporting strong sales figures for the end of 2022, and the number of vacant UK shops falling what can retailers do to get… View Article The Retail Bulletin January 27, 2023January 27, 2023 < 1 min read Predictions and ForecastsTrends: RetailInternational - UK 0 Saving Bookmark this article Bookmarked
Trends & External Forces Walmart-owned Sam’s Club plans to open about 30 new stores over next five years [[ Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to open in Florida in 2024. Sam’s Club also plans to open five fulfillment and distribution centers this year, with the […] CNBC January 27, 2023January 27, 2023 4 min read Brick and MortarWalmartCostcoData & InsightsOperations & Supply ChainEconomyCOVID19Dept. FuelAssociatesDept. GrocerySams ClubShoppersBOPISBed Bath & BeyondBJ’s Wholesale ClubDept. BeverageDept. PetPackagingDept. NonfoodCompetitionDeliveryDept. Fresh PreparedDept. FreshTechnology & InnovationExecutivesOwned Brands (Private Label)Predictions and ForecastsDept. Paper 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Hasbro warns of weak holiday quarter results, cuts 15% of its workforce [[ Getty Images Hasbro said Thursday it would eliminate around 1,000 employee positions and warned of weak holiday-quarter results. Shares of the toy maker fell more than 6% in extended trading. “Despite strong growth in Wizards of the Coast and Digital Gaming, Hasbro Pulse, and our licensing business, our Consumer Products business underperformed in the […] CNBC January 27, 2023January 27, 2023 2 min read Dept. Toys & GamesHoliday & EventsConsumersAssociatesResults & InvestmentSustainabilityStrategyPredictions and ForecastsOperations & Supply ChainExecutivesEconomyData & InsightsCOVID19 0 Saving Bookmark this article Bookmarked
Corporate Finance NRF 2023: Top Retail Influencers’ Key Takeaways The RETHINK Retail team ventured to NYC from January 14-17th for NRF 2023: Retail’s Big Show. While there, we had the opportunity to speak with attendees from our Top Retail Influencer community and learn about their event experience. #TRI members- April Sabral, Andrew Smith, Carl Boutet, Alberto Serrentino, Charles Haseman, Christine Russo, Guy Courtin, and […] Rethink Retail January 27, 2023January 27, 2023 5 min read Technology & InnovationMarketing: SocialData & InsightsOperations & Supply ChainShoppersPredictions and ForecastsExecutivesData VisualizationOmnichannelBrick and MortarCustomer ExperienceReturnsAssociatesTrends: RetailSustainabilityResults & InvestmentIndustry Conferences and EventsMerchandisingInsight ProvidersConsultingDept. ApparelVendorsMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
Media & Marketing Ways To Create A Logo That Will Stand Out On The High Street The online eCommerce and retail industries are consistently adapting to new trends and technology, such as Buy Now, Pay Later (BNPL) and other innovations. All successful businesses are resultantly aware that flexibility is the key to longevity and maintaining customers. But, while recent years have seen a focus on eCommerce, this is expected to make up […] Modern Retail January 27, 2023January 27, 2023 < 1 min read Marketing: BrandInternational - UKTrends: FinanceTechnology & InnovationPredictions and ForecastsBNPL 0 Saving Bookmark this article Bookmarked
Shopper & Customer How to Get Discovered by U.K. Retailers: Understanding British Consumers Before you launch your brand in the United Kingdom, it’s important to know what’s going on in today’s U.K. retail market as it may differ from the markets your brand currently has a presence in. Whether the British market is familiar territory or completely new, here’s a deep dive into understanding the U.K.’s marketplace, retailers, […] RangeMe January 26, 2023January 26, 2023 4 min read ConsumersSustainabilityVendorsInternational - UKPackagingGovernmentTescoHealth & WellnessEconomyShoppersInclusivityDept. GroceryData & InsightsDept. BeveragePredictions and ForecastsOmnichannelMarketing: SocialDept. PetOperations & Supply ChainDept. NonfoodDept. Adult BevResults & InvestmentESG and CSRDept. HBCAldiMarketing: In StoreTargetMarketing: Loyalty & SubscriptionTechnology & InnovationAssociatesHoliday & EventsDept. FuelOwned Brands (Private Label)social commerceTrends: Food and BeverageTrends: RetailBrick and MortarInsight Providers 0 Saving Bookmark this article Bookmarked
Shopper & Customer How to Start a Retail Business Starting a business can be one of the most rewarding experiences of someone’s life, and the satisfaction that comes with owning a successful business can be life-changing. It isn’t all easy, but seeing your labor bear fruit can be worth the effort. Starting a retail business, in particular, is one of the most popular small […] RangeMe January 26, 2023January 26, 2023 8 min read ShoppersVendorsResults & InvestmentStrategyCompetitionTargetStore LocationDept. HBCMarketing: BrandOperations & Supply ChainDept. ApparelAssociatesTechnology & InnovationConsumersCustomer ExperienceLegal & CriminalDept. NonfoodDept. FreshPredictions and ForecastsExecutivesESG and CSRMarketing: SocialDept. Toys & GamesStart UpsPartnershipsData & InsightsBrick and MortarGovernment 0 Saving Bookmark this article Bookmarked
Trends & External Forces Content Marketing for Ecommerce Salsify It’s common knowledge that content marketing for ecommerce is important, but it can be tricky to identify everything that makes up a successful brand strategy. The ecommerce marketing landscape is constantly shifting, and what may have worked in the past might be less effective in 2023. Salsify January 26, 2023January 26, 2023 < 1 min read Trends: MarketingStrategyPredictions and ForecastsMarketing: SocialMarketing: Brand 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Nike’s Journey To Marketing Excellence When Nike’s ten business development principles were written by Rob Strasser in 1977 the words marketing, systems, research and planning were all dirty words inside of Nike’s culture. I know, I was there at a critical time in Nike’s growth. During those days Nike had very idiosyncratic, gruff, scruffy but brilliant leaders, who even thought […] Branding Strategy January 26, 2023January 26, 2023 8 min read Dept. ApparelStrategyMarketing: BrandTechnology & InnovationAmazonResults & InvestmentMarketing: TradeConsumersPartnershipsExecutivesOperations & Supply ChainData & InsightsDept. NonfoodData VisualizationTargetSustainabilityPredictions and ForecastsEconomy 0 Saving Bookmark this article Bookmarked
Data & Insights Retail Traffic Trends #112: Consumer Habits 2023 While some trends come and go, there were a few trends that have stayed with consumers throughout the year. As online shopping continues to be a popular choice for consumers, physical stores can offer shoppers perks that e-commerce can’t replicate. This week we look at trends to increase foot traffic and customer loyalty. […] Doorcounts January 26, 2023January 26, 2023 2 min read Data & InsightsTechnology & InnovationConsumersStore LocationDeliveryShoppersPredictions and ForecastsMarketing: In StoreGoogleBrick and MortarReturnsHoliday & EventsTrends: ConsumerSustainabilityDept. ApparelMarketing: TradeChatGPTMarketing: Loyalty & SubscriptionGovernmentCOVID19Trends: Retail 0 Saving Bookmark this article Bookmarked
Stores & Formats Sam’s Club plans to add 30 new clubs BENTONVILLE, Ark. — Buoyed by record membership growth, Sam’s Club on Thursday announced plans to open more than 30 new clubs across the country, starting with a unit in Florida that is slated to open next year. The Walmart division also revealed a multiple-year plan to invest in and modernize its supply chain through new […] MMR January 26, 2023January 26, 2023 3 min read Operations & Supply ChainBOPISStore LocationOmnichannelDept. FreshDeliveryHealth & WellnessSustainabilityPredictions and ForecastsResults & InvestmentDept. FuelExecutivesDept. RefrigeratedTechnology & InnovationTech: RoboticsDept. DairySams ClubInclusivityDept. Fresh PreparedDept. Adult BevWalmart 0 Saving Bookmark this article Bookmarked
Data & Insights 7 benefits of combining social and survey data Big news, people: GWI has partnered with Audiense, the leading audience intelligence solution. “So what?” we hear you ask. Well, insights drawn from different sources – in this case GWI’s survey data and Audiense’s social data – paint a more detailed and reliable picture of what audiences think, feel and do. Or to put it […] GWI (Global Web Index) January 26, 2023January 26, 2023 4 min read Data & InsightsESG and CSRThick DataMarketing: SocialPartnershipsTechnology & InnovationConsumersDept. BeverageMarketing: In StoreShoppersTargetGovernmentHealth & WellnessUnileverOperations & Supply ChainPredictions and ForecastsStrategyTwitterMarketing: BroadcastAgencies 0 Saving Bookmark this article Bookmarked
Trends & External Forces Webinar: Flavor trends to watch in 2023 Free webinar highlights the forces shaping the future of flavor development. Food Business News January 26, 2023January 26, 2023 < 1 min read Predictions and Forecasts 0 Saving Bookmark this article Bookmarked
Department: Food The Fresh Market Lowers Customer Acquisition Cost with Technology What is freshness? How do your consumers know that the meal they buy from you is fresh other than searching the package looking for the date made or time cooked? So, we ask. What’s more relevant than livestream meal prep or cooking of dinner? Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®, […] Grocerant Guru January 26, 2023January 26, 2023 3 min read Dept. FreshThe Fresh MarketDept. GroceryShoppersMarketing: SocialConsumersData & InsightsAcquisitionMarketing: Retail MediaTechnology & InnovationHoliday & EventsTwitterMeta (Facebook)StrategyPredictions and ForecastsOperations & Supply ChainMerchandisingDept. PerimeterExecutivesMarketing: In StoreESG and CSR 0 Saving Bookmark this article Bookmarked
Technology & Innovation Tech layoffs? Great companies are actively hiring marketing technology talent In my previous post, I boldly predicted that we’re on the verge of a whole series of martech innovations: AI, composability, AR/VR, even, yes, “Web3”. While I agree with the pessimists that 2023 will be a challenging year for a lot of martech vendors, I believe this is more of a business cycle bump in […] chiefmartec January 26, 2023January 26, 2023 4 min read Technology & InnovationOperations & Supply ChainAssociatesGoogleConsultingPredictions and ForecastsCompetitionTech: AR and VRMarketing: SocialMarketing: Direct & PersonalizationDept. Adult BevCryptoVendors 0 Saving Bookmark this article Bookmarked
Corporate Finance Serta Simmons Bedding Files for Bankruptcy as Part of Agreement With Lenders Serta Simmons Bedding (SSB) has filed for Chapter 11 bankruptcy at the U.S. Bankruptcy Court for the Southern District of Texas. The filing is part of a “Restructuring Support Agreement with key financial stakeholders” aimed at reducing debt and enabling future investments, according to a company press release. The restructuring effort has the support of […] Retail TouchPoints January 25, 2023January 25, 2023 2 min read BankruptcyResults & InvestmentStart UpsOperations & Supply ChainInternationalAcquisitionPress ReleasePredictions and ForecastsPartnershipsExecutives 0 Saving Bookmark this article Bookmarked
Media & Marketing A how-to guide on collaborating with influencers Wells Fargo’s Nicole Dye-Anderson shares the best ways to work with influencers. When you’re looking to get your message out to the world, it’s often smart to enlist the support of an influencer who speaks to your audience. But staying on top of all the latest trends and figuring out the perfect influencers to help […] PR Daily January 25, 2023January 25, 2023 3 min read Marketing: SocialConsumersESG and CSRStrategyTargetPredictions and ForecastsTechnology & InnovationMeta (Facebook)Operations & Supply ChainPartnershipsDept. FreshTikTok 0 Saving Bookmark this article Bookmarked
Shopper & Customer To Experience the Future of Retail, You’ll Want to Go to the Store Over the past three years, most of us have done a lot more shopping online, so it’s easy to forget that while ecommerce is still growing, most retail commerce still happens in stores. In Q3 2022, ecommerce accounted for less than 15% of all retail sales. That means brick-and-mortar is still going strong, and not […] Retail TouchPoints January 25, 2023January 25, 2023 4 min read ShoppersConsumersMarketing: In StoreSustainabilityMarketing: Loyalty & SubscriptionBrick and MortarStore LocationDept. HBCMarketing: UGCDept. NonfoodThick DataESG and CSRDeliveryTrends: RetailPredictions and ForecastsTechnology & InnovationMarketing: SocialDept. ApparelRestaurantsStrategyFlagship StoresDept. AppliancesHealth & WellnessHoliday & EventsMarketing: Direct & PersonalizationMeta (Facebook)ShopifyStore FormatDept. Sporting goodsAssociates 0 Saving Bookmark this article Bookmarked 5
Technology & Innovation The Innovation Conversation: The Connecting-The-Dots Opportunity The continuing goal of “The Innovation Conversation” is to explore some facet of the fast-changing, technology-driven retail landscape and how it affects businesses and consumers. It is, we think, fertile territory … and one that Tom Furphy – a former Amazon executive who led the team that developed Amazon Fresh, and currently CEO and Managing […] MorningNewsBeat January 25, 2023January 25, 2023 < 1 min read Technology & InnovationConsumersExecutivesMarketing: SocialDeliveryAmazonPodcastsPartnershipsResults & InvestmentDept. FreshShoppersPredictions and ForecastsTrends: Retail 0 Saving Bookmark this article Bookmarked
Technology & Innovation AD Retail Media with Peapod Digital Labs’ Bobby Watts The CPG Guys speak with Bobby Watts, Vice President of AD Retail Media at Peapod Digital Labs, a division of Ahold Delhaize, one of the world’s largest grocery retailers. Follow Bobby Watts on LinkedIn at: https://www.linkedin.com/in/bobby-watts-48571b74Contact Bobb Watts at: [email protected] Peapod Digital Labs on LinkedIn at: https://www.linkedin.com/company/peapoddigitallabs/Follow Peapod Digital Labs online at: http://peapoddigitallabs.com Bobby answers […] The CPG Guys January 25, 2023January 25, 2023 2 min read Technology & InnovationDeliveryMarketing: Retail MediaMarketing: SocialPodcastsMerchandisingOmnichannelShoppersAhold DelhaizeVendorsCOVID19MetaversePartnershipsPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Start Ups Emperia raises $10 million to further develop its virtual store management SaaS platform Emperia, which creates immersive e-commerce spaces for retail brands, has raised a $10 million Series A. This follows an $875k pre-seed in 2021 (featuring Concept Ventures, SFC Capital, Blissgrowth). The Series A round was led by Base10 Partners and joined by investors including Daphni (via its retail fund Dastore), Sony Innovation Fund, Background Capital, Stanford […] Retail Technology Innovation Hub January 25, 2023January 25, 2023 2 min read Technology & InnovationMarketing: SocialTwitterPartnershipsShoppersData & InsightsConsumersCustomer ExperiencePredictions and ForecastsResults & InvestmentTech: AR and VRCryptoDept. ApparelStart UpsMarketing: Loyalty & SubscriptionExecutivesDept. NonfoodDept. FreshStore LocationStrategy 0 Saving Bookmark this article Bookmarked
Trends & External Forces Inflation is cooling, but prices on many items are going to stay high for months Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. Over the past few months, many of the key factors that fueled a four-decade high in inflation […] CNBC January 25, 2023January 25, 2023 6 min read EconomyConsumersData & InsightsAssociatesOperations & Supply ChainExecutivesDept. BeverageCOVID19RestaurantsShoppersOwned Brands (Private Label)PackagingHoliday & EventsKrogerPricing & PromotionsMarketing: TradeDept. GroceryData VisualizationDept. FreshResults & InvestmentDept. PerimeterInternationalProcter & GambleDept. NonfoodDept. BakeryBrick and MortarStrategyDeliveryDept. DairyDept. ApparelDept. BabyDept. LaundryPredictions and ForecastsDept. Sporting goodsDept. OTCDept. Appliances 0 Saving Bookmark this article Bookmarked
Technology & Innovation 2023 PR Predictions We don’t exactly have a crystal ball to look into the future of PR, but we can make educated guesses based on our experiences and analysis. Here is our 2023 PR trends forecast: AFFILIATE MARKETING The gift guide climate really evolved this year with affiliate links and/or major online retailer availability becoming a requirement for […] Retail Bound January 25, 2023January 25, 2023 6 min read MetaverseMarketing: SocialPredictions and ForecastsTrends: TechEconomyAssociatesConsumersDept. ApparelTech: AR and VRCryptoNFTESG and CSRInternationalPartnershipsTargetShoppersPodcastsGoogleInclusivityTikTokMarketing: In StoreMarketing: UGCMeta (Facebook)Acquisition 0 Saving Bookmark this article Bookmarked
Technology & Innovation Market Research for Small Businesses Market research is an essential tool for businesses of any size or industry to understand their target audience, identify customer needs and preferences, and gather information about their competitors. In a nutshell, market research helps businesses grow and succeed. This is a primary goal for small businesses, making market research integral to small businesses making […] GeoPoll January 25, 2023January 25, 2023 3 min read Technology & InnovationData & InsightsShoppersThick DataTargetMarketing: UGCGovernmentCompetitionESG and CSRDept. NonfoodConsumersPredictions and ForecastsResults & InvestmentStore LocationStrategySustainabilityMarketing: SocialAssociates 0 Saving Bookmark this article Bookmarked
Trends & External Forces The Average Conversion Rate for Ecommerce And How To Top It Salsify Just over two out of 100 customers will put items in their digital cart and actually make a purchase — specifically, 2.5%. This is the average conversion rate for ecommerce transactions, according to industry benchmark data from Kibo. Salsify January 25, 2023January 25, 2023 < 1 min read Predictions and ForecastsMarketing: SocialData & Insights 0 Saving Bookmark this article Bookmarked
Technology & Innovation 2023 Retail Predictions (Part 2) Last week we released the first batch of Steve’s predictions. This week we conclude with six more, centering on how “hybridization” will steal the crown from omni-channel, how trading-down (in product and format) will define the year, the likelihood that big consumer credit troubles emerge, why strong balance sheets reign supreme, how the Metaverse is […] Remarkable Retail Podcast January 24, 2023January 24, 2023 2 min read Technology & InnovationMarketing: SocialIndustry Conferences and EventsPodcastsAmazonTrends: RetailDept. GroceryMetaverseWhole FoodsAcquisitionTwitterGovernmentInternational - North AmericaDept. ApparelData & InsightsConsumersHoliday & EventsConsultingBrick and MortarMergersPredictions and ForecastsResults & InvestmentTrends: TechEconomy 0 Saving Bookmark this article Bookmarked
Technology & Innovation What Career Advice Would You Give Your Younger Self? When I was a freshman in college, one of my professors had us write a letter to future selves. We wouldn’t see the letter again until senior year, right around the time we graduated. He wanted us to write words of encouragement and map out what we wanted to achieve over the four years. That […] Salesforce January 24, 2023January 24, 2023 6 min read Technology & InnovationMarketing: SocialPredictions and ForecastsInternationalCryptoOperations & Supply ChainStrategyHealth & WellnessGoogleESG and CSRData & InsightsPartnershipsConsumers 0 Saving Bookmark this article Bookmarked
Media & Marketing 4 Digital Marketing Resolutions That Retailers Should Keep in Mind in 2023 There’s much to be said for looking forward into the coming year, as opposed to looking back. After all, every new year comes with its own set of hopes, expectations and even promises. With that in mind, here are four New Year’s-inspired resolutions which every digital marketer should take to heart to make the most […] Andrew Sandoval January 24, 2023January 24, 2023 3 min read Data & InsightsMarketing: Retail MediaMarketing: In StoreMarketing: Direct & PersonalizationConsumersReturnsGooglePartnershipsMeta (Facebook)AmazonShoppersTechnology & InnovationAI / MLMarketing: SocialRoundelTikTokTech: AIStrategysocial commerceESG and CSRPredictions and ForecastsWalmartBOPISHoliday & EventsCOVID19Dept. NonfoodMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
Shopper & Customer Department: Nonfood Corporate Strategy Corporate Finance ESG Media & Marketing Agencies & Vendors Data & Insights Shopper & Customer Trends & External Forces Holiday & Events Operations & Supply Chain Millennials Dominated Holiday Shopping Spend — Here’s What it Means for 2023 In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […] Written by Kelly Pedersen January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Data & Insights Department: Consumer Durables ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Holiday & Events Operations & Supply Chain Stores & Formats Retail Traffic Trends #112: Consumer Habits 2023 While some trends come and go, there were a few trends that have stayed with consumers throughout the year. As online shopping continues to be a popular choice for consumers, physical stores can offer shoppers perks that e-commerce can’t replicate. This week we look at trends to increase foot traffic and customer loyalty. […] Written by Doorcounts January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Channel: Grocery - Natural Channel: Grocery - Natural Data & Insights Technology & Innovation Stores & Formats Just Walk Out gives Whole Foods stores an edge, data shows The two stores in the chain outfitted with Amazon’s checkout-free technology did better in some ways than nearby locations without the automated system during the second half of 2022, Placer.ai found. Written by Grocery Dive January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Channel: Grocery Department: Food Shopper & Customer Trends & External Forces ShopRite adds online filters to help shoppers choose products and recipes The improvements are intended to help shoppers find products and recipes that meet specific criteria, such as dairy-free, vegan, vegetarian and gluten-free. Written by Grocery Dive January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Department: Nonfood Data & Insights Technology & Innovation 7 online grocery trends for retailers to watch Online grocery shopping is here to stay. Top online grocery trends include AI tools, drone delivery, data security, and ready-made meals. Written by Future of Commerce January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked