Best Buy

  1. Partnerships & Alt Profit

Market Performance Group (MPG) acquires The CPG

PRINCETON JUNCTION, N.J. – Market Performance Group (MPG) has acquired The Creative Partners Group (The CPG). The deal will further expand MPG’s best-in-class omnichannel strategy and services capabilities at Target Corp. and throughout the retail marketplace, the company said. Marc Greenberger   Described as a one-stop retail powerhouse, The CPG is one of the country’s […]
3 min read
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  1. Department: Consumer Durables

Nike to Increase Promotions to Clear Out Inventory

Nike reported last week a 44 percent increase in inventory compared to the prior year period, driven by an increase in inventories from ongoing supply chain volatility. As a result, the sportswear brand plans to ramp up discounting and promotions to clear out some of its $9.7 billion in footwear and apparel before the holidays. On […]
< 1 min read
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  1. Channel: Specialty & Other

How To Sell Your Product To Best Buy

Are you a small consumer electronics product brand who’s trying to figure out how to sell to Best Buy? If so, you are not alone. Best Buy is the largest brick-and-mortar retailer in the US for consumer electronics, which is why thousands of brands attempt to get their products in the company’s stores every year. In […]
4 min read
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  1. Retailer Media

Best Buy to Boosts Retail Media Insights Through New Partnership

Best Buy will partner with DoubleVerify, a software platform for digital media measurement, data and analytics, to improve the measurement capabilities of its Best Buy Ads retail media network. The partnership will provide additional tools to both Best Buy and its brand partners to boost the efficiency of their ad campaigns. Best Buy advertisers that […]
< 1 min read
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  1. Channel: Home Improvement

Retailers try to lock out gangs of thieves

Retail organized crime is robbing some stores blind and companies such as Best Buy and Home Depot are stepping up efforts to keep the thieves at bay. Home Depot has locked up more products over the past 12 months to address the issue. “It’s a triage-type scenario. It’s stop the bleeding and give yourself some […]
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  1. Operations & Supply Chain

Turning Woes Into Wins: How Retailers Should Navigate the Current Supply Chain Landscape to Succeed

To combat last year’s supply chain woes, retailers stored up large amounts of inventory, only to be left with excess product sitting in warehouses a year later. Now, amid high inflation rates, retailers are struggling to get rid of extra products on shelves before the end of the year. Big-box retailers including Walmart, Bed Bath […]
3 min read
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  1. Corporate Finance

Major Retailers Investing in Cap Spending Despite Inflationary Pressures

CNBC reports that even “with the S&P Retail Index down nearly 30% this year, most of the industry is boosting investment in capital spending by double digits, including industry leaders Walmart and Amazon.com. Among the top tier, only struggling clothier Gap and home-improvement chain Lowe’s are cutting back significantly. At electronics retailer Best Buy, first-half profits […]
2 min read
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  1. Channel: Specialty & Other

Best Buy says it is getting some supply chain relief

Best Buy said that supply chain costs are moderating as fuel prices decline and the demands placed on international and domestic networks ease. Corie Barry, CEO of Best Buy, said that her company has been able to take “advantage of some rate opportunities” connected to ocean container transportation.
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  1. Holiday & Events

Americans may put off Christmas shopping until the eleventh hour

Americans may become last-minute Christmas shoppers this year as they hold out for the best deals. “Our hypothesis is you are going to see a holiday that starts to look a little bit more like what we saw pre-pandemic. Maybe comes a little bit later and is probably promotional in our space,” said Best Buy […]
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  1. Channel: Ecommerce & Digital

Amazon and The Fault In Their Stores

This week we dig into Amazon’s physical store strategy as it ups the ante with the expansion of its mainstream grocery store concept (Amazon Fresh), convenience stores (Amazon Go), and an initial foray into brick-and-mortar apparel (Amazon Style). We ponder why Whole Foods has gotten worse under their leadership and whether the company’s tendency to […]
2 min read
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  1. Retail Ecosystem

Creating the Type of Company The Future Needs Now with The House of L,R & C’s Christine Day

Our guest this week is Christine Day, former CEO of lululemon athletica and Starbucks senior executive, who is now leading the growth of Russell Wilson and Ciara’s remarkable retail company, The House of L,R & C. We learn about the inspiration for creating sustainable fashion brands, including the decision to organize as a B Corp. […]
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  1. Retail Operations

Ranking the Merchants With the Best Gift Card Programs

NAPCO Research, in conjunction with Blackhawk Network, recently executed a comprehensive review of the state of U.S.-based merchants’ gift card offerings. The 2022 report included an assessment of retailers’ e-commerce/digital, mobile, and in-store gift card offerings, providing an omnicommerce view into the consumer gift card purchase and recipient experience. The subsequent report, the fifth annual version, features data […]
3 min read
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  1. Retail Ecosystem

Retail Adventures Podcast with KIZER & BENDER & BAUM & SEA & SCOTT: What’s Happening at Retail July 2022

  From three different continents KIZER & BENDER & BAUM & SEA & SCOTT love to talk about retail! What didn’t we talk about on this episode of the Retail Adventures podcast? How about Ian’s Paris trip, Best Buy’s new smaller stores, Amazon Prime Day, Counting customer foot fall, Lush’s analog experience (the best!), Costco, […]
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  1. Channel: Mass

Walmart To Eliminate Some 200 Corporate Jobs

Walmart, faced with a toughening economy and falling profits, plans to eliminate hundreds of corporate jobs, the Wall Street Journal reports this morning. According to the story, “The retailer began notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which affects various departments including merchandising, global technology and real-estate teams, […]
2 min read
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  1. Trends & External Forces

Dollar General Takes Next Steps Into Medtail With 4 New Healthcare Panel Appointments

Discount retailer Dollar General has appointed four members to its healthcare advisory panel as it continues to explore opportunities in medtail and healthcare — a process that began in earnest with the July 2021 appointment of Chief Medical Officer Dr. Albert Wu. The new panel members are healthcare industry veterans who will work with Dollar […]
2 min read
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  1. Channel: Ecommerce & Digital

Amazon to Offer Same-Day Store-Based Delivery for PacSun, GNC, Diesel and More

Amazon is continuing to expand its last mile services beyond its own retail ecosystem with the addition of same-day delivery service from a number of leading retailers’ stores, including PacSun, GNC, SuperDry and Diesel. Sur La Table and 100% Pure also will join this roster in the next few months. Available to retailers that also […]
2 min read
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  1. Trends & External Forces

Is retail crime out of control?

Part 1 of 2: Latest Retail Crime Statistics and Inflation–Recession Impact Late last year sensational ‘flash rob’ pre-holiday events elevated concerns with retail crime. “On Black Friday alone, a crew of eight made off with $400 worth of sledgehammers, crowbars and hammers from a Home Depot in Lakewood, Calif.; a group ransacked a Bottega Veneta boutique in […]
5 min read
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  1. Channel: Mass

Walmart Cuts Outlook on Inflation Concerns, Signaling a Challenging Period for Retail

Walmart has adjusted its Q2 and full year 2022 profit outlook, as the retail giant expects shoppers to cut back on extraneous spending in favor of staples like groceries. This potential bellwether for retail as a whole caused share prices to drop at multiple leading companies, including Walmart, Amazon and Target, as investors prepared for […]
2 min read
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  1. Stores & Formats

Best Buy Puts its Tech Foot Forward With Small-Format, Digital-First Store

Best Buy will open its first ever small-format, digital-first store in Monroe, N.C. The 5,000-square foot shop will build on the small-format pilot program Best Buy started with a test model in Charlotte, N.C. in late 2021. The Monroe store will feature a curated product selection, access to services including Geek Squad and new ways […]
2 min read
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Editor’s Choice

  1. Shopper & Customer
  2. Corporate Strategy
  3. Corporate Finance
  4. Media & Marketing
  5. Shopper & Customer
  6. Technology & Innovation
  7. Trends & External Forces
  8. Stores & Formats

Retail Vacancy Rate Hits 15-Year Low

Retail vacancies in the United States dropped to 6.1% in the second quarter, a 15-year low, as Americans continued to resume in-store shopping. Asking rents for shopping center spaces during the quarter were 16% higher than five years ago, The Wall Street Journal (WSJ) reported Tuesday (Oct. 4), citing figures from commercial real estate broker […]
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  1. CPG: Food
  2. Department: Food
  3. ESG
  4. Merchandising

Nestlé Confectionery reveals Quality Street and KitKat sustainable pack innovations

Nestlé Confectionery has announced sustainable packaging innovations for two of its best-loved brands – Quality Street and KitKat. In a category first, Quality Street will move to recyclable paper packaging for its twist-wrapped sweets. By replacing the double layer of foil and cellulose with a paper wrap, Quality Street will remove more than two billion […]
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  1. Retail Ecosystem
  2. Channel: Delivery
  3. Channel: Ecommerce & Digital
  4. Channel: Grocery - Natural
  5. Department & Category
  6. Corporate Strategy
  7. Corporate Purpose
  8. ESG
  9. Partnerships & Alt Profit
  10. Media & Marketing
  11. Retailer Media
  12. Agencies & Vendors
  13. Retail Ecosystem
  14. Data & Insights
  15. International
  16. Shopper & Customer
  17. Technology & Innovation
  18. Trends & External Forces
  19. Retail Operations
  20. Associates & Employees
  21. Operations & Supply Chain
  22. Stores & Formats

Groceryshop 2022: Top Retail Influencers’ Key Takeaways

The RETHINK team visited Las Vegas from September 19-22 for Groceryshop 2022. While there, we had the opportunity to speak with many of our Top Retail Influencers and learn about their event experience. #TRI2022 members- Ricardo Belmar, Michael LeBlanc, Jeff Roster, Melissa Minkow, Bryan Gildenberg, Andrea Leigh, and Stewart Samuel- all shared their thoughts on […]
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