Dept. Consumer Electronics

  1. Trends & External Forces

On Several Fronts, Measured Economic Confidence

In a number of unrelated stories this morning, there seems to be a consensus that while inflation will be a continuing problem, the economy is in generally good shape, with some level of confidence that there will not be a recession anytime soon. From CNBC: “U.S. consumers are ‘in good shape’ and will keep spending […]
2 min read
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  1. Technology & Innovation

Nomagic picks up $22M for its e-commerce warehouse picking robots

Robotics are playing a growing role in the world of e-commerce logistics and fulfillment — where they are seen not just as a way to speed up operations but to drastically reduce the costs of running them — and today a startup developing software and hardware specifically in the area of robot picking is announcing […]
3 min read
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  1. Trends & External Forces

Best Buy expects to take a hit from inflation

Best Buy’s sales fell 8.5 percent during the first quarter and earnings were down as the consumer electronics chain reported a modest increase in inventory. The retailer reduced its forecast for the year, but CEO Core Barry was confident in its future prospects. “Even with the expected slowdown this year, we continue to be in […]
< 1 min read
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  1. Shopper & Customer

To Keep Up in Today’s Market, Retailers Must Be More than Competitive—They Must Be Dynamic

Retail is getting more competitive by the day. And while the retail landscape has become increasingly saturated over the last few decades, the 2020 e-commerce boom brought more options to the digital market than ever before. As a result, retailers and brands must strategize new ways to save time, boost profits, and grow—all while meeting […]
3 min read
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  1. Stores & Formats

Best Buy to Double its Number of Outlet Stores

Over the next year, Best Buy will double the number of outlet stores it has to 32 — starting with new outlets in Chicago, Houston, Phoenix, and Manassas, Virginia — and add an outlet deals section to its website for the first time, the company announced earlier this week. Best Buy has operated outlet stores since […]
< 1 min read
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  1. Shopper & Customer

Driving Growth in Highly Competitive Markets

When consumers are making a decision on a specific product to buy, like a baby stroller, smartphone or insurance, for example, they undergo a complex journey — searching websites for information, gathering opinions on user forums and opinion sites, and scrolling through social media for experiences others have had with a brand. In today’s increasingly competitive […]
3 min read
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  1. Technology & Innovation

The PR potential of the metaverse

Follow these six rules to create a virtual presence that is worth the investment. Talk to a PR professional about the metaverse and you’re likely to get reactions that range from dismissive to confused — to downright anxious. It’s a concept many are discussing but few seem to truly understand. For communications experts, that’s excusable […]
5 min read
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  1. Channel: Delivery

CRC’s 2022 eCommerce Summit; Instacart Update; Inflation

Jet set to sunny San Diego for the 10th annual show:We’re excited to return in-person for CRC’s 2022 eCommerce Summit in San Diego, CA! The Summit will include a cocktail reception the night of September 14th, followed by a full day of content on September 15th with a networking event that evening. Click here to […]
2 min read
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  1. Shopper & Customer

58% of Durable Goods Buyers Use Financing or Leasing Programs

Sixty-two percent of consumers have purchased durable goods in the past 12 months, according to “The Lease-To-Own Secret,” a PYMNTS and Katapult collaboration based on a survey of 2,688 U.S. consumers. Get the report: The Lease-To-Own Secret Durable goods are typically defined as consumer goods that do not wear out quickly and are used for […]
2 min read
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  1. Channel: Specialty & Other

Best Buy To Go Beyond Its Retail Comfort Zone

CNN reports that Best Buy, having survived and even thrived despite tough competition from the likes of Amazon, now wants to “expand its footprint into health, fitness, personal electric transportation, outdoor products and other potentially big ticket areas outside of its core consumer electronics business. “It’s adding merchandise to stores in dedicated sections, such as […]
2 min read
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  1. Channel: Ecommerce & Digital

Amazon pulls plug on physical book stores and 4-star locations

Amazon is planning to close all 68 of its physical book stores, pop up shops and 4-star locations in the United States and United Kingdom. The e-commerce giant told Reuters that physical retail remains an important way for it to reach shoppers. It will continue to work on other concepts, such as its recently announced […]
2 min read
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  1. Channel: Ecommerce & Digital

Best Buy Selects AWS as Its Strategic Cloud Provider

Consumer electronics retailer teams up with AWS to further unleash the innovative work of its technology teams and advance its mission to create world-class digital experiences for its customers SEATTLE –(BUSINESS WIRE)–Feb. 3, 2022– Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc.
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  1. Channel: Club

Jason & Scot Show Episode 285 – 2021 Full Year and Holiday Data Deep Dive

A weekly podcast with the latest e-commerce news and events. Episode 285 is a deep dive into the data from 2021 and holiday 2021. Subscribe: Apple Podcasts Google Podcasts Spotify Stitcher Podcast RSS SoundCloud TuneIn iHeartRadio Google Play Music Overcast Pocket Casts Facebook ????? The US Dept of Commerce December Advanced Retail Sales Data is […]
33 min read
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  1. Shopper & Customer

New tech at CES focuses on improving consumers’ lives

While some big name companies have withdrawn from exhibiting at the annual Consumer Electronics Show (CES), that hasn’t stopped others from bringing their technological innovations to Las Vegas. Many of the products on display use technology to make the lives of consumers healthier and happier with products designed to assist in health and beauty activities. […]
< 1 min read
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  1. Technology & Innovation

The retail technology year in review: October 2021

October brought major retail tech announcements from Tesco/Gorillas, Asos, Kroger/Ocado Group, Asda, Amazon, Aldi Nord, and Instacart. Good month for… Rapid grocery delivery venture, Gorillas, raised close to $1 billion in a Series C funding round.  This was led by Delivery Hero, and included further investments by existing investors Coatue Management, DST Global, Tencent, Atlantic […]
3 min read
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  1. Channel: Mass

Report quantifies showrooming effect

CHICAGO – One in three shoppers entering stores operated by the nation’s largest retail chains supplement their visits within a day with a purchase at Amazon.com, according to a new report that seeks to quantify the showrooming phenomenon. Product availability and ease of delivery were the main reasons cited by shoppers who browsed in stores […]
2 min read
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  1. Department: Nonfood

Samsung merging its mobile and consumer electronics groups

Samsung Electronics is merging its consumer electronics and mobile business units. The new group will now be known as Set Division. It will be led by JH Han, who was promoted to CEO. Mr. Han has plans to take a central role in Samsung’s television business and is expected to focus on finding “synergies among […]
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  1. Channel: Ecommerce & Digital

Best Buy earnings top estimates but retailer’s stock tumbles amid weakening demand, shipping bottlenecks

Best Buy’s fourth quarter could be hurt by rising shipping costs and weaker demand for consumer electronics. Best Buy’s fiscal third-quarter earnings beat estimates on Tuesday, yet shares tumbled as investors worried about rising shipping costs and weaker demand for consumer electronics. Shares closed the day down 12.31% to $121.01. Here’s what the company did […]
3 min read
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  1. Shopper & Customer

4 Ad Tips to Get Your Consumer Electronics Into Holiday Baskets

Black Friday and Cyber Monday are coming up fast. This year, 60 percent of all shoppers find themselves preparing to spend as much or even more than last year for the holidays. Of all the popular categories receiving shopper attention, consumer electronics takes the crown for share of wallet when it comes to gifts purchased, […]
< 1 min read
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  1. Technology & Innovation

Forget offline vs online. The big word in retail is hybrid

Too much time has been wasted on the offline vs online debate. The reality is that both are hugely important to forward thinking retailers. The big word right now is hybrid, that is, the blurring of online and offline and the pursuit of one customer experience. If you want proof, look no further than Amazon, […]
2 min read
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  1. Channel: Ecommerce & Digital

‘Revolutionary’ Jeff Bezos takes aim at Amazon critics

Jeff Bezos has hit out at those critics who predicted Amazon would fail. In a tweet posted earlier today, he flagged up a Barron’s article, published in 1999, which stated: “The idea that Amazon CEO Jeff Bezos has pioneered a new business paradigm is silly. He’s just another middleman, and the stock market is beginning […]
2 min read
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  1. Technology & Innovation

RTIH runs through this week’s coolest retail technology reveals

RTIH Editor, Scott Thompson, brings you his top ten ‘future of retail systems’ deployments from the past seven days, including Ocado Group, Amazon, AMC Theatres and Aldi Nord. Aldi Nord Aldi Nord is set to test out a checkout free store in Utrecht, The Netherlands, early next year, powered by Trigo technology. To enter, customers will […]
4 min read
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  1. Shopper & Customer

Social shopping startup Joyned bags $4m in seed funding

Joyned, a SaaS platform enabling retailers to provide social shopping experiences directly to their consumers rather than through third-party platforms, has secured $4 million in seed funding. This included: Arthur Stark, former President, Bed Bath & Beyond; Yair Goldfinger, Founder of Dotomi and ICQ; and Rafael Ashkenazi, Managing Director, Executive Chairman, Hard Rock Digital, and former CEO of The Stars Group. The […]
< 1 min read
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  1. Merchandising

How Will Product Trade Shows Look in 2022?

Product brands use trade shows to showcase new products, build relationships and to look for new retailers to work with. With the continuing challenges of the Covid-19 pandemic, these trade shows may look and feel very different in 2022 than they have in the past. While the goal remains to boost profits and market reach […]
2 min read
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  1. Channel: Ecommerce & Digital

Amazon’s Formula For Asymmetric Competition

Amazon remains one of the most predictably revolutionary leaders in business. Accelerating growth through innovative ways and leveraging revenue streams competitors lack. Asymmetric competition has become Amazon’s trademark. How does the company do it? First, consider its legacy. Amazon launched as an online bookstore slightly ahead of the dot-com frenzy, and it used a distinct […]
3 min read
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  1. Shopper & Customer

CEO brings Nordstrom’s love for customers to new role at Heartland America

Kendra Reichenau began her career working during her college years as a commissioned sales associate at Nordstrom. “You loved the customer. You did everything for them to be loyal to you. Loving the customer and trying to exceed their expectations has always paid off,” she said. Ms. Reichenau is bringing that philosophy with her to […]
< 1 min read
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  1. Media & Marketing

CTV Has Expanded the Commercial Opportunities in the TV Landscape

With the growing sea of choice across the content landscape, it’s easy to get caught up in big-budget program titles, technology acronyms and all things streaming. But there’s a bigger story beneath the headlines about who’s watching what and which OTT service is going to carry tomorrow’s big theatrical release at the same time it […]
3 min read
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Editor’s Choice

  1. Channel: Dollar/Value
  2. Channel: Dollar/Value
  3. Corporate Strategy
  4. Corporate Finance
  5. Department: Consumer Durables
  6. Media & Marketing
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Operations & Supply Chain
  11. Stores & Formats

Dollar General post strong sales gains in first quarter

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […]
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  1. Data & Insights
  2. Corporate Strategy
  3. Department: HBC
  4. Media & Marketing
  5. Data & Insights
  6. Shopper & Customer
  7. Trends & External Forces
  8. Merchandising

CVS to launch virtual primary care solution

WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […]
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  1. Retailer Media
  2. Corporate Strategy
  3. Media & Marketing
  4. Retailer Media
  5. Data & Insights

22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way

Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. 
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