Department: Nonfood Best Buy Canada reportedly laying off 700 The company’s services could balance softening demand for consumer electronics, according to analysts. RetailDive January 28, 2023January 28, 2023 < 1 min read International - North AmericaBest BuyDept. NonfoodConsumersDept. Consumer Electronics 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Best Buy cuts rewards program, prices are still on the rise and more More companies are cutting back on rewards programs Whether you rely on stars for your Starbucks fix or you counted on Best Buy’s rewards programs for your gadget, you might have been noticing that many programs designed to reward consumers are feeling less, well, rewarding. According to CNN, more and more businesses are cutting back […] PR Daily January 18, 2023January 18, 2023 2 min read ConsumersMarketing: SocialTwitterBest BuyShoppersData & InsightsESG and CSRMarketing: Loyalty & SubscriptionRestaurantsDeliveryOperations & Supply ChainExecutivesUnileverDept. HBCDept. NonfoodTechnology & InnovationEconomySustainabilityMarketing: BrandDept. ApparelDept. GroceryHoliday & EventsMarketing: Direct & PersonalizationHealth & Wellness 0 Saving Bookmark this article Bookmarked 4
Technology & Innovation NRF Big Show to Spotlight Innovative Consumer Products and Workforce Solutions Everyone in the retail industry knows January means two things: lots of holiday returns and the venerable NRF Big Show, running Jan. 15-17, 2023 and featuring more than 950 exhibitors and 100 educational sessions. High-profile speakers for the event at New York City’s Javits Center include Olympic gymnast Simone Biles, actor and writer Kal Penn […] Retail TouchPoints January 13, 2023January 13, 2023 4 min read Technology & InnovationMetaverseBrick and MortarTrends: TechConsumersAssociatesHoliday & EventsMarketing: SocialDept. NonfoodMarketing: Retail MediaStore LocationLowesDept. ApparelData & InsightsStrategyPodcastsPartnershipsWalgreensKrogerOmnichannelAI / MLCompetitionInclusivityAmazonStreamingDept. BeverageShoppersConsultingMarketing: Direct & PersonalizationDept. Toys & GamesTargetReturnsTwitterDept. HBCNFTMarketing: Digital MediaInsight ProvidersOperations & Supply ChainGooglePredictions and ForecastsHome DepotWalmartTech: AITech: RoboticsTikTokHealth & WellnessExecutivesBest BuyDollar GeneralDeliveryCVSDept. Grocery7-Eleven & Speedway 0 Saving Bookmark this article Bookmarked 4
Channel: Specialty & Other Best Buy flip phone customers unhappy after being disconnected from Lively Customers using Jitterbug flip phones as part of Best Buy’s Lively service, which sells cellphones and medical alert devices primarily to older people, found themselves without service at the start of the year as a result of Verizon’s planned shutdown of its 3G network. “Nothing is more important to us than the safety of our […] RetailWire January 12, 2023January 12, 2023 < 1 min read Best Buy 0 Saving Bookmark this article Bookmarked
Media & Marketing Getting to the Heart of Business with former Best Buy CEO Hubert Joly (E) As we take a few weeks off before returning with Season 6, we dig into the back catalog for one of our most inspiring episodes. Our very special guest is Hubert Joly, former Chairman and CEO of Best Buy, senior lecturer at Harvard Business School and the author of the just released bestselling book The Heart […] Remarkable Retail Podcast January 3, 2023January 3, 2023 3 min read ExecutivesMarketing: SocialBest BuyShoppersTechnology & InnovationPodcastsInclusivityConsultingAmazonJohnson & JohnsonInternational - North AmericaDept. GroceryDept. ApparelTwitterData & InsightsSustainabilityAssociatesMarketing: Print 0 Saving Bookmark this article Bookmarked
Technology & Innovation Retailers brace for tougher times and more frugal customers in 2023 January is typically an overlooked month for retailers. Shoppers make returns and exchanges. They come to stores with gift cards in hand. And they may spring for workout clothes or other items to follow through on New Year’s resolutions. But this year, January carries higher stakes. The next few weeks, which close out many retailers’ […] CNBC January 2, 2023January 3, 2023 3 min read Technology & InnovationHoliday & EventsConsumersData & InsightsEconomyShoppersPredictions and ForecastsOperations & Supply ChainDept. NonfoodCOVID19Brick and MortarTargetWalmartDept. GroceryStore LocationResults & InvestmentReturnsBest BuyPricing & PromotionsMarketing: In StoreRestaurantsExecutivesDept. DairyDept. FuelConsultingCostcoDept. ApparelDept. BeverageAssociates 0 Saving Bookmark this article Bookmarked
Data & Insights How Centralizing Data Can Help Retail Apps Overcome Industry-Wide Headwinds Retailers are facing challenging times. A persistent pandemic, inflation, supply chain disruption, and competition from giants is forcing smaller and mobile-only retailers to get crafty to avoid slipping margins. On top of all this, mobile marketers are facing ecosystem changes around privacy that are making it harder to tailor messages to prospects and acquire new […] Greg Wang December 20, 2022December 20, 2022 3 min read Data & InsightsShoppersAmazonTargetCompetitionConsumersAcquisitionHoliday & EventsMarketing: In StoreEconomyBig DataBest BuyCOVID19Technology & InnovationDept. FuelDept. NonfoodESG and CSRLegal & CriminalMarketing: Direct & PersonalizationMarketing: MobileOperations & Supply ChainPartnershipsResults & Investment 0 Saving Bookmark this article Bookmarked
Shopper & Customer Retail Sales Decline 0.6% in November Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation for the month, the Commerce Department reported Thursday. Retail sales for the month declined 0.6 percent, even worse than the Dow Jones estimate for a 0.3 percent drop. Measures that exclude autos and both autos and gas sales both […] Joe Keenan December 16, 2022December 16, 2022 2 min read ConsumersHoliday & EventsEconomyOperations & Supply ChainDept. NonfoodShoppersResults & InvestmentDept. FuelBrick and MortarMarketing: In StoreTargetMarketing: TradeData & InsightsLowesThick DataDept. GroceryDeliveryBest Buy 0 Saving Bookmark this article Bookmarked
Stores & Formats Dollar General Sees Big Things For Suburban Popshelf Format CNBC reports that Dollar General, which already is pursuing an aggressive growth strategy for its eponymous chain, also is planning to ramp up expansion plans for its Popshelf format, which “caters to suburban shoppers with higher incomes, but sells most items for $5 or less” and is “designed to be a treasure hunt that keeps […] MorningNewsBeat December 14, 2022December 14, 2022 2 min read Dollar GeneralConsumersShoppersBrick and MortarEconomyStrategyWalmartCostcoPredictions and ForecastsTargetHoliday & EventsBest Buy 0 Saving Bookmark this article Bookmarked
Partnerships & Alt Profit Best Buy-TalkShopLive Partnership Brings In-Store Pickup to Livestream Shopping Best Buy is offering in-store pickup for livestream shopping orders through a partnership with social-commerce platform TalkShopLive. The show debuted on Dec. 12, 2022 with a segment hosted by media personality Noah Schnacky, who led viewers through a live tour of his favorite products, which customers could purchase via the program and pick up at […] Retail TouchPoints December 13, 2022December 14, 2022 2 min read PartnershipsBest BuyMarketing: In StoreBOPISHoliday & EventsOmnichannelDeliveryDept. FreshESG and CSROperations & Supply ChainExecutivesShoppers 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Best Buy, TalkShopLive debut in-store pickup for livestream shopping The partnership gives online shoppers the ability to sidestep long delivery times. RetailDive December 13, 2022December 13, 2022 < 1 min read Marketing: In StoreBOPISBest BuyShoppersPartnershipsDelivery 0 Saving Bookmark this article Bookmarked
Technology & Innovation How “Co-Opetition” Can Help Overcome the Obstacle of Retail Overstock The retail industry has struggled to cope with the unprecedented changes in the last few years spurred by the pandemic, leading to a scarcity of goods and overstocking in many cases. Additionally, snarls in supply chains resulted in bulk purchases until inflation changed consumer shopping patterns. Failure to identify and forecast changes resulted in excess […] Shubhankit Verma December 9, 2022December 9, 2022 4 min read Technology & InnovationOperations & Supply ChainData & InsightsPartnershipsShoppersAmazonPredictions and ForecastsBest BuyDivestituresPricing & PromotionsAI / MLWeatherMarketing: TradeConsumersBrick and MortarConsultingCOVID19Dept. ApparelMarketing: VoiceEconomyMarketing: BroadcastMarketing: In StoreStrategySustainabilityTech: AIDept. Nonfood 0 Saving Bookmark this article Bookmarked
Department: Nonfood 2022 Retail Ranking: Black Friday and Cyber Monday Key takeaways Almost 1-in-4 shoppers spent the most at Amazon during Cyber-5 Home goods and furnishings retailers lost top wallet share lapping difficult pandemic comps Dollar stores and warehouse clubs gained top wallet share as consumers traded down on inflation Earnest Analytics First Choice Retailer Methodology The Earnest First Choice Retailer Rankings are based on […] Earnest Research December 8, 2022December 8, 2022 6 min read Holiday & EventsData & InsightsDept. ApparelShoppersDept. NonfoodBrick and MortarDept. PetAmazonOperations & Supply ChainConsumersWalmartEconomyCOVID19Dept. Sporting goodsTargetMarketing: In StoreHome DepotDept. FuelCostcoLowesBed Bath & BeyondChewyAcquisitionTechnology & InnovationBest BuyDept. GroceryDelivery 0 Saving Bookmark this article Bookmarked
Data & Insights Electronics category wins Black Friday and Cyber Monday 2022 Electronics accounted for over 20% of C5 (Thanksgiving through Cyber Monday) sales on Amazon, Target, and Walmart, an increase in its share of sales compared to the 30 days prior. Toys also had a pronounced lift in Black Friday category share with nearly 10% of Black Friday sales, a 4pp lift from the trailing 30-day […] Yipitdata December 7, 2022December 8, 2022 2 min read Data & InsightsHoliday & EventsDept. NonfoodWalmartAmazonBest BuyTargetDept. Toys & GamesDept. ApparelDeep Dives 0 Saving Bookmark this article Bookmarked
Corporate Strategy Dick’s Sporting Goods hires EVP of stores The former Best Buy exec has experience managing human resources and store operations. RetailDive December 6, 2022December 6, 2022 < 1 min read ExecutivesDept. Sporting goodsDept. NonfoodBrick and MortarOperations & Supply ChainBest Buy 0 Saving Bookmark this article Bookmarked
Channel: Grocery How the Kroger-Albertsons Merger is Accelerating the Need for a Unified Retail Ad Network There are a growing number of retailers competing for their share of available advertising dollars, and a big player in retail media has just upped the ante. The recent Kroger-Albertsons merger announcement sent shock waves through the retail and consumer packaged goods (CPG) industries, with the move cornering approximately 19% of the U.S. grocery market. […] Retail TouchPoints December 2, 2022December 2, 2022 3 min read KrogerLowesConsumersMarketing: Retail MediaMergersAlbertsons / SafewayData & InsightsDrizlyInstacartMarketing: In StoreDeliveryTargetAgenciesPredictions and ForecastsPartnershipsEconomyCompetitionInternationalMarketing: Direct & PersonalizationShoppersMarketing: Loyalty & SubscriptionMarketing: ShopperMarketing: SocialMarketing: TradeMerchandisingBest BuyPricing & PromotionsResults & InvestmentStrategySustainabilityTechnology & InnovationMarketing: BroadcastDept. NonfoodWalmart 0 Saving Bookmark this article Bookmarked 5
Retailer Media BJ’s Joins the Fast-Growing Retail Media Club BJ’s Wholesale Club has become the latest retailer to launch a media network, offering brands a comprehensive advertising solution to connect with its members. The new program, called BJ’s Media Edge, is being launched in partnership with Microsoft’s PromoteIQ solution. “We are thrilled to collaborate with Microsoft and offer brand partners a highly effective, omnichannel approach […] Retail TouchPoints December 1, 2022December 2, 2022 2 min read Marketing: Retail MediaPartnershipsData & InsightsBJ’s Wholesale ClubMarketing: SocialAgenciesExecutivesMarketing: BroadcastESG and CSRWalmartBest BuyTikTokCompetitionReturnsOmnichannelTargetSams ClubConsultingDept. NonfoodPredictions and ForecastsMerchandising 0 Saving Bookmark this article Bookmarked
Stores & Formats Report: Black Friday turnout ‘solid’ NEW YORK — Consumers embraced the opportunity to return to physical stores on Black Friday to participate with family and friends in “the sport of shopping,” according to Coresight Research’s annual tour of malls, outlets, super-regional centers, downtown locations and neighborhood centers in the United States and Canada. Going to malls, in particular, was an […] MMR November 30, 2022November 30, 2022 3 min read Holiday & EventsBrick and MortarConsumersShoppersMarketing: TradePricing & PromotionsReturnsTechnology & InnovationData & InsightsHealth & WellnessMarketing: In StoreDept. NonfoodExecutivesTargetSustainabilityStore LocationOperations & Supply ChainMarketing: SocialDept. Sporting goodsInternational - North AmericaHome DepotWalmartESG and CSRDept. Consumer ElectronicsDept. ApparelBest Buy 0 Saving Bookmark this article Bookmarked
Media & Marketing Exploring Retail’s New Horizons with Pilot Flying J’s Allison Cornish Our guest this week is Allison Cornish, VP of Store Modernization for Pilot Flying J, recorded live in the MarketDial podcast studio at the NACS Annual Show. Allison is deeply experience convenience store industry veteran who was also recently recognized as the Top Woman in Convenience. In a wide-ranging conversation we unpack the evolution of […] Remarkable Retail Podcast November 30, 2022November 30, 2022 2 min read PodcastsMarketing: SocialTechnology & InnovationShoppersData & InsightsAmazonOperations & Supply ChainHoliday & EventsAssociatesTwitterMarketing: Loyalty & SubscriptionInternational - North AmericaDept. GroceryBankruptcyBest BuyConsultingConsumersDept. NonfoodDept. Sporting goodsResults & InvestmentMarketing: TradePricing & PromotionsUnilever 0 Saving Bookmark this article Bookmarked
Holiday & Events 3 Questions Retailers Must Be Asking Themselves This Holiday Season The last three holiday seasons have each been unique as the pandemic first roiled consumer behavior and then unleashed pent-up demand, all the while playing havoc with the economy. This year, with inflation rising and discretionary spending squeezed, retailers are already preparing for a slower holiday shopping season, and a new set of challenging dilemmas. […] Rohit Shrivastava November 29, 2022November 29, 2022 3 min read Holiday & EventsData & InsightsMarketing: TradeEconomyConsumersOperations & Supply ChainStore LocationStrategyAssociatesWeatherShoppersMerchandisingPricing & PromotionsAmazonTechnology & InnovationTargetSustainabilityResults & InvestmentESG and CSRMarketing: SocialDeliveryBest BuyCOVID19Trends: Marketing 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy shares surge after retailer sticks with its holiday-quarter outlook Best Buy raised its full-year forecast to reflect its better-than-expected quarterly results. CNBC November 23, 2022November 23, 2022 < 1 min read Best BuyHoliday & EventsResults & InvestmentPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy’s Q3 ‘less bad’ than feared even with sales and profit slumps Discounting is up, inventory is down and consumers are waiting to purchase gifts — it’s beginning to look a lot like pre-pandemic holidays at the retailer. RetailDive November 22, 2022November 22, 2022 < 1 min read Best BuyConsumersOperations & Supply ChainHoliday & EventsDept. NonfoodCOVID19 0 Saving Bookmark this article Bookmarked
Technology & Innovation Californians Spend Inflation Stimulus Checks at Sam’s Club, DoorDash [This is a preview from our full report “Measuring the Impact of California’s Inflation Relief Checks on Consumer Spending.” Download for free]. California’s October 2022 Middle Class Tax Refund (MCTR) payments of up to $1,050 buoyed spending across some of the largest retailers in the country, while leaving others unimpacted. Looking at some of the […] Earnest Research - DataBites November 10, 2022November 10, 2022 2 min read Technology & InnovationEconomyDoorDashFood DeliveryRestaurantsMarketing: SocialBrick and MortarConsumersInstacartBest BuyUbereatsTargetSams ClubHome DepotKrogerDept. FuelDeliveryData & InsightsWalmartAmazon 0 Saving Bookmark this article Bookmarked
Shopper & Customer 5 Ways Luxury Brands Can Retain Vital Customers The recession clock is ticking, and it’s gets louder as it ticks faster. JP Morgan Chase CEO Jamie Dimon told CNBC that a recession is all but inevitable. Others may argue that the recession has already hit, based on the traditional definition as two consecutive quarters of negative GDP growth, which occurred earlier this year. […] Branding Strategy November 9, 2022November 9, 2022 8 min read ConsumersMarketing: BrandStrategyEconomyAssociatesShoppersRecommerceExecutivesPhilanthropyTechnology & InnovationResults & InvestmentDept. NonfoodPredictions and ForecastsThick DataDept. ApparelAmazonTargetMarketing: SocialSustainabilityStreamingWalmartPricing & PromotionsCOVID19ESG and CSRNestleConsultingBest BuyBed Bath & BeyondTwitterShopifyOperations & Supply ChainMeta (Facebook)Marketing: In StoreOwned Brands (Private Label) 0 Saving Bookmark this article Bookmarked
Retail Operations Total Retail Releases its 2022 Top 100 Omnichannel Retailers Report The sixth annual Top 100 Omnichannel Retailers report was released late last month by Total Retail. The report features a ranking of 100 leading retailers and brands based on the omnichannel capabilities across their organizations (e.g., supply chain, pricing, loyalty, payments), and the execution of those programs. It identifies the companies doing the best job […] Joe Keenan November 2, 2022November 3, 2022 3 min read OmnichannelConsumersOperations & Supply ChainReturnsMarketing: In StoreMarketing: Loyalty & SubscriptionShoppersBOPISData & InsightsDept. NonfoodEconomyBrick and MortarDept. ApparelCustomer ExperienceTechnology & InnovationPricing & PromotionsDeliveryPredictions and ForecastsExecutivesBest Buy 0 Saving Bookmark this article Bookmarked
Technology & Innovation Announcing PR Daily’s 2022 Content Marketing Awards finalists See who made the short list. PR Daily is proud to announce its finalists in our 2022 Content Marketing Awards. The finalists on this list represent the storytellers who know how to create content that stands out on the crowded content landscape. Their creative works led to success for their organizations and clients—and recognition as […] PR Daily October 28, 2022October 28, 2022 5 min read Technology & InnovationHealth & WellnessESG and CSRMarketing: SocialCOVID19Dept. HBCResults & InvestmentSustainabilityPartnershipsCVSMondelezDept. PetPredictions and ForecastsAssociatesDept. Adult BevStrategyMeta (Facebook)Dept. NonfoodDeliveryPodcastsInclusivityHoliday & EventsEconomyBest BuyTrends: TechDept. BeverageDept. FreshDept. GroceryData & InsightsCPG: Adult BeverageDept. Fresh PreparedExecutivesTikTokShoppersRestaurantsPhilanthropyMarketing: BroadcastInternational - North AmericaMarketing: Voice 0 Saving Bookmark this article Bookmarked
Channel: Mass Walmart To Start Rolling Out Black Friday Sales On November 7 Walmart said last week that it will “spread the excitement of Black Friday savings over three events throughout November and cap off a month of deals with Cyber Monday … Walmart’s ‘Black Friday Deals for Days’ events will begin on Walmart.com every Monday in November.” According to the announcement, “Walmart is also bringing back its […] MorningNewsBeat October 25, 2022October 25, 2022 2 min read WalmartHoliday & EventsEconomyDept. NonfoodExecutivesMerchandisingBest BuyBrick and MortarData & InsightsAssociatesMarketing: In StoreMarketing: Loyalty & SubscriptionTargetAmazon 0 Saving Bookmark this article Bookmarked 5
Channel: Specialty & Other Leveling up success: Inside Best Buy’s efforts to reform a long-standing campaign At Advertising Week, executives discussed how taking a more inclusive approach to an annual esports program resulted in higher completion and viewing rates. MarketingDive October 21, 2022October 21, 2022 < 1 min read Best BuyExecutivesInclusivity 0 Saving Bookmark this article Bookmarked
Media & Marketing Former Best Buy CEO Brad Anderson joins Spacee advisory board Spacee, a US-based startup which provides computer vision and AI solutions for businesses, has added Bradbury “Brad” Anderson, the former Best Buy CEO and Vice Chairman, to its advisory board. Anderson retired from Best Buy in 2009 after 36 years with the company. He started as a salesperson for Sound of Music, a small chain […] Retail Technology Innovation Hub October 19, 2022October 19, 2022 < 1 min read Technology & InnovationExecutivesMarketing: SocialBest BuyTwitterBrick and MortarMetaverseCoca ColaDept. FreshOperations & Supply ChainShoppersTrends: TechWalmart 0 Saving Bookmark this article Bookmarked
Holiday & Events Major retailers to close stores on Thanksgiving Best Buy, Kohl’s and Target are among retailers that will keep their store doors closed on Thanksgiving Day before reopening on Black Friday. REI recently said that it would permanently close its stores on Black Friday, as well. RetailWire October 13, 2022October 13, 2022 < 1 min read Holiday & EventsBrick and MortarTargetBest Buy 0 Saving Bookmark this article Bookmarked
International Department: Food Acquisitions, Divestitures & Mergers Corporate Finance International Trends & External Forces Mondelēz International Reports Q4 and FY 2022 Results Full Year Highlights Net revenues for the full year increased +9.7% driven by Organic Net Revenue1 growth of +12.3% with underlying Volume/Mix of +2.7%. For the fourth quarter, Net revenues increased +13.5% driven by Organic Net Revenue1 growth of +15.4% with underlying Volume/Mix of +1.6% Diluted EPS was $1.96, down 35.5%; Adjusted EPS1 was $2.95, up +11.9% on […] Written by Mondelez February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Technology & Innovation Trends & External Forces Associates & Employees Robots could surpass workers at Amazon by 2030, Cathie Wood says KEY POINTS “We are just at the dawn of the robotics age. And I would say artificial intelligence and battery technology are all a part of that movement as well,” Cathie Wood said. Amazon had more than 1.6 million workers at the end of 2021, according to its most recent annual report. Wood’s Ark Innovation […] Written by CNBC February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Department & Category ESG Partnerships & Alt Profit International Stores & Formats Aldi expands Too Good To Go partnership nationwide following successful trial Aldi is rolling out its partnership with the world’s largest surplus food platform, Too Good To Go, across all of its 990 UK stores. Following a successful trial last year, Aldi is now offering surplus food bags available nationwide, in a bid to tackle food waste while also offering even lower prices to customers. The […] Written by Talking Retail February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Channel: Ecommerce & Digital Channel: Grocery Department & Category Department: Nonfood Corporate Strategy Corporate Finance Media & Marketing Retailer Media Agencies & Vendors Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Retail Operations Stores & Formats dunnhumby’s Sixth Annual Retailer Preference Index (RPI) for U.S. GroceryTHE GROCERS BEST ‘BUILT TO LAST’ H-E-B, Costco Best Navigate The 2020 – 2022 Pandemic Grocery Market Upheaval, Bumping Amazon From Its Top Ranking Customers emerged from 2020 – 2022 placing more importance than ever on finding the right balance of savings and quality while placing less importance on saving time. Pandemic surge in retailer digital capabilities and consumer digital adoption […] Written by dunnhumby February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked
Data & Insights Department & Category Department: Food Data & Insights Shopper & Customer Trends & External Forces Associates & Employees Holiday & Events Charted: U.S. Egg Prices More Than Double in 2022 Charted: U.S. Egg Prices Double in 2022 Eggs are a staple food for many countries around the world, and the U.S. is no exception. Americans eat between 250‒280 eggs a year on average. Eggs are also easy to cook, protein-dense and supply many daily vitamins needed for healthy living, making them a popular meal or […] Written by Visual Capitalist February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked