BP

  1. Technology & Innovation

RTIH rustles up the six biggest retail technology news stories of the week

It’s Friday, the weekend is almost upon us, so let’s kick back and reflect on another eventful week for the retail systems space. Here’s your briefing on the most important stories from the past five days, including Walmart, Salesforce, Rohlik Group, Halfords, Amazon, and Oxbotica. 1. Walmart and Salesforce team up to offer local fulfilment […]
4 min read
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  1. Media & Marketing

Building Immersive Brand Experiences

Prior to the pandemic, Starbucks’ founder, Howard Schultz, stated that the way forward for brands is making your branded space an “experiential destination.” At that time, Starbucks’ CEO, Kevin Johnson said, “To survive, merchants need to create unique and immersive in-store experiences.” Covid-19 changed things for Starbucks as the company post-pandemic focuses more on drive […]
4 min read
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  1. Channel: Convenience

Food Retailers Looking Ahead with Non-Traditional Partnerships

  Thinking outside of the box can help you understand why and where your customers are shopping when they are not shopping at your food outlet.  More important looking outside the box can help you look a customer ahead according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®.   Convenience store retail […]
4 min read
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  1. Data & Insights

Warped Incentives Update: The Gross-to-Net Bubble Exceeded $200 Billion in 2021 (rerun)

This week, I’m rerunning some popular posts while I prepare for this Friday’s live video webinar: Specialty Drugs Update: Trends, Controversies, and Outlook . ICYMI, the unimplemented rule to reform rebates in Medicare Part D remains the ultimate budget gimmick. More than $122 billion in “savings” (offsets) from the current drug pricing reconciliation legislation comes from […]
3 min read
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  1. Channel: Convenience

BP and VISA Team-Up Rivels Restaurant Rewards

  Chain restaurants loyalty programs continue to gain popularity, drive sales, garnering new brand aficionados not to be out done there is one convenience store who’s new partnership will garner as must attention as any restaurant program and just might be the best food focused loyalty program in the U.S. according to Steven Johnson, Grocerant […]
4 min read
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  1. Data & Insights

Follow the Vial: The Buy-and-Bill System for Distributing and Reimbursing Provider-Administered Outpatient Drugs (rerun)

This week, I’m rerunning some popular posts while I prepare for tomorrow’s live video webinar: PBM Industry Update: Trends, Controversies, and Outlook. Click here to see the original post and comments from October 2021. By reader request, we present below a channel flow chart illustrating the buy-and-bill process for provider-administered drugs. This chart complements Follow […]
2 min read
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  1. Channel: Delivery

BP teams up with Uber Eats in global retail partnership

Bp has partnered with Uber Eats in a global partnership that aims to make more than 3,000 retail locations available on the food delivery platform by 2025. The collaboration will… The post BP teams up with Uber Eats in global retail partnership appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Media & Marketing

Warped Incentives Update: The Gross-to-Net Bubble Exceeded $200 Billion in 2021

Time for Drug Channels Institute’s annual update on the gross-to-net bubble—the ever-growing dollar gap between sales at brand-name drugs’ list prices and their sales at net prices after rebates and other reductions. We estimate that the gross-to-net bubble reached $204 billion for patent-protected brand-name drugs in 2021. If we include brand-name drugs that have lost […]
2 min read
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  1. Department: HBC

NOW AVAILABLE: The 2022 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers

I am pleased to announce our new 2022 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers, available for purchase and immediate download. Click here to download a free report overview (including key industry trends, the Table of Contents, and a List of Exhibits) New Drug Channels Institute Study Examines Consolidation and Vertical Integration of […]
4 min read
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  1. Trends & External Forces

Ahold Delhaize ends fiscal year on a high note

ZAANDAM, the Netherlands — Ahold Delhaize reported strong fourth-quarter results that beat expectations, helped by increased online sales boosted by the pandemic. A report by Reuters noted that the company’s net sales in the final quarter of 2021 totaled 20.1 billion euros ($22.8 billion), beating a forecast of 19.8 billion euros in a company-compiled poll […]
8 min read
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  1. Channel: Convenience

M&S re-affirms forecourt partnership with BP

Marks & Spencer has extended its agreement with BP to keep its stores on the oil company’s fuel forecourts in the UK until at least 2030. The two companies first linked up in 2005 and M&S stores are now on nearly 300 BP-operated forecourts. M&S Food managing director Stuart Machin said that the renewed agreement […]
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  1. Trends & External Forces

How and Why I Was Overcharged by Penn Medicine and My Blue Cross Health Plan: A True Story (rerun)

This week, I’m rerunning some popular posts while I prepare for today’s live video webinar: Drug Channels Outlook 2022. See you soon! Click here to see the original post and comments from September 2021. Sometimes, a little knowledge can be a bad thing. I want to share with you, dear reader, the strange but true […]
2 min read
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  1. Channel: Convenience

The Grocerant niche finds Peet’s Coffee Customized Success

Built on a foundation customization, personalization, and mix & match bunding the grocerant niche continues to drive top-line sales and bottom-line profits in every sector of retail foodservice today according to Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. In an effort to elevate brand awareness in the growing coffee sector, Peet’s Coffee is […]
3 min read
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  1. Channel: Drug

How CVS Health Drives Cardinal Health’s Distribution Financials (rerun)

This week, I’m rerunning some popular posts while I prepare for tomorrow’s live video webinar: Drug Channels Outlook 2022. Hope you can join me! Click here to see the original post and comments from September 2021. Cardinal Health recently released the annual report for its 2021 fiscal year, which ended on June 30. See the […]
2 min read
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  1. Channel: Convenience

Circle K Leverages Global Footprint for Growth

Talk about the power of a brand and its ‘footprint’. Food retailers with a global footprint have the ability to listen to consumers all over the world.  In the case of Circle K, entering into a global partnership with Niantic Inc. to bring the convenience store operator’s locations to life in the augmented reality mobile […]
2 min read
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  1. Data & Insights

A Video History of Pharmacies and Prescription Prices: From Soda Fountains to GoodRx (rerun)

This week, I’m rerunning some popular posts while I prepare for this Friday’s live video webinar: Drug Channels Outlook 2022. Click here to see the original post and comments from August 2021. Charlotte Morabito at CNBC has put together “Why Pharmacies Overcharge,” an entertaining and provocative video on the pharmacy industry and its generic prescription […]
2 min read
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  1. Channel: Ecommerce & Digital

Are Flytex Drones the Next Gen Restaurant Delivery Platform

  Are you still looking for drivers to delivery your meals?  Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®, stated, “third party delivery companies can elevate you brand on the informational digital highway for much less than you can hire a driver. Drone delivery will be the next big thing in many suburbs, […]
2 min read
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  1. Technology & Innovation

Sainsbury’s Fresher Faster Partnership will Drive Brand Relevance

Grocerant niche Ready-2-Eat and Heat-N-Eat fresh prepared food continues to drive top-line sales and bottom-line profits in every sector of retail foodservice today according to Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®.  Sainsbury has partnered with Amazon to offer Amazon’s “Just Walk Out” retail cashierless technology. You can check it out currently […]
5 min read
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  1. Channel: Ecommerce & Digital

Why GoodRx—Not Amazon—May Be the True PBM Disrupter (rerun)

This week, I’m rerunning some popular posts while I prepare for this Friday’s live video webinar: Drug Channels Outlook 2022. Click here to see the original post and comments from August 2021. The generic prescription market is being disrupted—but not by the big, bad spaceman from Seattle. Instead, consider how GoodRx is affecting patients, payers, […]
2 min read
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  1. Technology & Innovation

Robotic Micro-Bakery Drives Growth with Partnerships

  Can Robots be ‘fresh’?  If you want to grow, your food brand today you have to think outside the box. Regular readers of this bold know that the restaurant business model has evolved with consumers.  Consumers are dynamic not static and according to Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®“restaurants need […]
3 min read
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  1. Channel: Convenience

Tim Hortons LTO adds Music to the Menu

  How do you drive new electricity into a brand that is an industry leader, country icon, and consumer staple? Well, if you are Tim Hortons, you are all of those things, but the best way to edify that relationship with consumers is add another global icon to the mix that is an icon that […]
3 min read
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  1. Media & Marketing

bp enlists Grabango for checkout free stores project

bp is integrating automated checkouts into Amoco and ampm stores across the US.  It has teamed with Grabango to retrofit 10 convenience locations, Grabango’s largest multi-store roll-out thus far.  “We are always looking for innovative solutions that bring a more seamless experience to our customers,” says Lisa Blalock, Vice President of Marketing, Mobility & Convenience […]
2 min read
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  1. Channel: Convenience

At 7-Eleven is Autonomous the Next Big Thing

  Talk about driving top-line sales and bottom-line profits.  At 7-Eleven the next big thing just might be driverless delivery.  That’s right autonomous delivery from the store to your home or office.  Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions® stated, “The next wave of Electric Vehicles will not have an ‘inside steering […]
3 min read
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  1. Technology & Innovation

Check out this week’s coolest retail technology reveals

RTIH Editor, Scott Thompson, brings you his top ‘future of retail systems’ deployments from the past week, including digital advent calendars, 3D experiences, and autonomous checkout solutions. Asda Asda is testing out new technology which aims to make it easier for blind and partially sighted customers to navigate their way around its Stevenage store. To […]
3 min read
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  1. Department & Category

Grocerant Niche Snacking Pop’s off the Charts

  Grocerant niche Ready-2-Eat and Heat-N-Eat fresh prepared food has the ‘halo’ of better-4-you in the minds-eye of the consumer according to Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. Johnson stated, snacking has played a big part in the growth of grocerant niche mix and match meal bundling, delivery, and curbside-pick-up. Including […]
5 min read
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  1. Shopper & Customer
  2. Department: Nonfood
  3. Corporate Strategy
  4. Corporate Finance
  5. ESG
  6. Media & Marketing
  7. Agencies & Vendors
  8. Data & Insights
  9. Shopper & Customer
  10. Trends & External Forces
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  12. 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, […]
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  1. Data & Insights
  2. Department: Consumer Durables
  3. ESG
  4. Media & Marketing
  5. Data & Insights
  6. Shopper & Customer
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  9. Holiday & Events
  10. Operations & Supply Chain
  11. 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. […]
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