Channel: Specialty & Other Best Buy shares rise on earnings beat, even as electronics sales slow [[“value”:”Best Buy shares rose, but the retailer expects weaker spending on consumer electronics the rest of the year.”]] CNBC May 25, 2023May 25, 2023 < 1 min read Dept. NonfoodBest BuyResults & InvestmentConsumersDept. Consumer Electronics 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy lowers Totaltech membership price Best Buy has lowered the price of its Totaltech membership program from $200 to $179.99 a year. The consumer electronics chain has also debuted tiers to the program, including a free option. “We’re excited about introducing a new tier of membership that we believe leverages the insights that we gained around member pricing being really […] RetailWire May 11, 2023May 11, 2023 < 1 min read Best BuyExecutivesDept. NonfoodDept. Consumer ElectronicsData & InsightsConsumers 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Amazon Anywhere Offers In-Game Shopping for Real-World Products Amazon has debuted a new immersive shopping functionality called Amazon Anywhere that allows customers to discover and buy physical products from Amazon within virtual environments such as video games, augmented reality applications and mobile apps. Today, most shopping in virtual worlds is enabled through virtual currencies and is usually limited to in-game digital items, as […] Retail TouchPoints May 9, 2023May 11, 2023 2 min read AmazonTechnology & InnovationAIPricing & PromotionsDept. NonfoodDept. Toys & GamesDept. ApparelConsumersCustomer ExperienceDeliveryMarketing: SocialMetaversePredictions and ForecastsTech: AR and VRDept. Consumer Electronics 0 Saving Bookmark this article Bookmarked 5
Shopper & Customer Best Buy lays off hundreds of store employees as shopping trends shift [[“value”:”Best Buy said Friday that it is laying off hundreds of store workers as more of its shoppers buy online and sales of consumer electronics weaken.”]] CNBC April 15, 2023April 15, 2023 < 1 min read Best BuyAssociatesTrends: ShoppingShoppersDept. NonfoodDept. Consumer ElectronicsConsumers 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables 50,000 U.S. Stores Could Close By 2027 Because Of Spending Shifts And Tight Credit, UBS Forecasts Analysts at investment bank UBS are forecasting that some 50,000 U.S. stores are likely to close by the end of 2027, because of expected cutbacks in consumer spending, tighter credit and the continued shift to ecommerce. Store closings could accelerate to 70,000 to 90,000 if retail sales turn out to be weaker than expected, according […] Joan Verdon - Forbes April 13, 2023April 13, 2023 2 min read Predictions and ForecastsBrick and MortarDept. NonfoodDept. Consumer ElectronicsConsumers 0 Saving Bookmark this article Bookmarked 4
Stores & Formats Department stores added jobs in March as other retail verticals cut back The 15,000 jobs added by department stores in March were not enough to offset significant losses in other retail verticals, including appliances, consumer electronics, furniture and home furnishings, according to the Bureau of Labor Statistics. The retail industry lost 15,000 jobs in March. RetailWire April 10, 2023April 10, 2023 < 1 min read Brick and MortarDept. NonfoodDept. Consumer ElectronicsDept. AppliancesConsumersAssociates 0 Saving Bookmark this article Bookmarked
Shopper & Customer The Split-Brain Budget Mindset: Why Consumers Remain Eager to Get the Best Value for Their Money Consumers are still looking for ways to shop smart and save due to overall economic uncertainty. According to a recent survey with over 2,000 U.S. consumers, many respondents are showing what’s known as the “split-brain budget mindset” and are feeling empowered to shop creatively to maximize the spending power they have in the moment. But […] Rory Mitchell April 4, 2023April 4, 2023 3 min read ConsumersShoppersDept. NonfoodSustainabilityPricing & PromotionsEconomyDept. HBCMarketing: Retail MediaDept. AppliancesESG and CSRMarketing: TradeDeliveryData & InsightsDept. Consumer ElectronicsDept. FuelDept. ApparelHealth & WellnessMarketing: Loyalty & SubscriptionOperations & Supply ChainRestaurantsResults & InvestmentThick Data 0 Saving Bookmark this article Bookmarked
Trends & External Forces Best Buy Partners With Atrium Health to Support In-Home Hospital Care Best Buy announced Tuesday it has struck a three-year deal with Atrium Health, an integrated, nonprofit health system part of Advocate Health, to help enable a hospital-at-home program, reports CNBC. Atrium Health is part of Advocate Health, one of the country’s largest healthcare nonprofits. The consumer electronics retailer will sell devices and its Geek Squad will handle […] Kristina Stidham March 8, 2023March 8, 2023 2 min read Health & WellnessBest BuyPartnershipsResults & InvestmentPress ReleaseConsumersTechnology & InnovationExecutivesDept. NonfoodDept. Consumer ElectronicsUnilever 0 Saving Bookmark this article Bookmarked
Trends & External Forces Best Buy will set up in-home hospital care through a new deal with Atrium Health [[“value”:”The retailer is expanding its health-care business as sales of other consumer electronics slow.”]] CNBC March 7, 2023March 7, 2023 < 1 min read Health & WellnessBest BuyDept. NonfoodConsumersDept. Consumer Electronics 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy expects a down year Best Buy was one of the biggest beneficiaries of the work and study-from-home phenomena that resulted from COVID-related shutdowns in 2020 and 2021. The consumer electronics retailer saw its sales take a step back in 2022 and expects another decline this year. RetailWire March 2, 2023March 2, 2023 < 1 min read Best BuyDept. NonfoodDept. Consumer ElectronicsConsumersCOVID19 0 Saving Bookmark this article Bookmarked
Media & Marketing Acosta unveils new unified brand JACKSONVILLE, Fla. — Acosta has launched Acosta Group, a new unified brand for the company, aligning its omnichannel retail, marketing and foodservice agencies to provide seamless access to the company’s end-to-end solutions. Building on the company’s transformation and strategic investments over the past three years, this move distinctly positions Acosta Group as the leading driver […] MMR March 1, 2023March 1, 2023 2 min read Marketing: In StoreVendorsData & InsightsGoogleAgenciesConsumersOmnichannelMerchandisingDept. HBCTechnology & InnovationDept. NonfoodDept. Consumer ElectronicsDept. FreshPartnershipsPredictions and ForecastsDept. Natural / OrganicAssociatesExecutivesHealth & Wellness 0 Saving Bookmark this article Bookmarked
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
Technology & Innovation Samsung unveils new software partner Consumer electronics giant Samsung has unveiled its new official software partner for global displays. The company has partnered with the Sprinklr platform, now available as an integrated app for Samsung… The post Samsung unveils new software partner appeared first on Latest Retail Technology News From Across The Globe – Charged. ChargedRetail January 23, 2023January 23, 2023 < 1 min read Technology & InnovationPartnershipsInternational - UKDept. NonfoodDept. Consumer ElectronicsConsumers 0 Saving Bookmark this article Bookmarked
Media & Marketing Peloton hires former Twitter executive as new head of marketing In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT Leslie Berland, chief marketing officer of Twitter Inc., speaks during the company’s #HereWeAre Women In Tech event at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Wednesday, Jan. 10, 2018. Patrick T. Fallon Bloomberg CNBC January 17, 2023January 17, 2023 < 1 min read TwitterMarketing: SocialExecutivesTechnology & InnovationIndustry Conferences and EventsDept. NonfoodDept. Consumer ElectronicsConsumers 0 Saving Bookmark this article Bookmarked
Technology & Innovation 58% of shoppers willing to buy consumer electronics in metaverse Some 58% of consumer electronic shoppers say that they’d be willing to shop in the metaverse to buy their gadgets, according to a new report from future retail agency Outform.… The post 58% of shoppers willing to buy consumer electronics in metaverse appeared first on Latest Retail Technology News From Across The Globe – Charged. ChargedRetail January 4, 2023January 4, 2023 < 1 min read MetaverseTrends: TechConsumersShoppersDept. NonfoodDept. Consumer ElectronicsInternational - UKTechnology & InnovationPredictions and ForecastsTrends: Retail 0 Saving Bookmark this article Bookmarked
Retail Ecosystem What Can Investors Expect to See at CES 2023? Ahead of this year’s Consumer Electronics Show (CES), an annual tech event organized by the Consumer Technology Association (CTA), we speak with CTA President and CEO Gary Shapiro about what investors can get out of CES this year. NASDAQ - Tech January 4, 2023January 4, 2023 < 1 min read Industry Conferences and EventsPredictions and ForecastsTechnology & InnovationConsumersExecutivesDept. NonfoodDept. Consumer Electronics 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
Operations & Supply Chain Solving the Supply-Demand Puzzle What a difference a year or two can make. During 2020 and 2021, retailers struggled to keep up with demand for many items, largely due to supply chain bottlenecks and labor shortages. Shortly after the pandemic started and through last year, a significant reduction of markdowns and in-store promotions took place because retailers could leverage […] Mark Balte October 28, 2022October 28, 2022 3 min read Operations & Supply ChainConsumersMarketing: TradePricing & PromotionsDept. ApparelCOVID19Dept. NonfoodStrategyExecutivesTargetAIShoppersHoliday & EventsEconomyTechnology & InnovationAssociatesPredictions and ForecastsMerchandisingMarketing: In StoreDept. DairyDept. PaperDept. Sporting goodsDept. GroceryDept. FreshDept. Consumer ElectronicsConsultingData & InsightsDept. HBCWalmart 0 Saving Bookmark this article Bookmarked
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 […] Retail Bound October 2, 2022October 3, 2022 4 min read Best BuyPackagingConsumersBrick and MortarMerchandisingVendorsESG and CSRDept. NonfoodMarketing: SocialOperations & Supply ChainSustainabilityAssociatesDept. Consumer ElectronicsPartnershipsDeliveryData & InsightsExecutivesPricing & PromotionsStrategyDept. OTC 0 Saving Bookmark this article Bookmarked
Shopper & Customer Scanbot SDK discusses how customer needs are shaping retail stores of the future By Christoph Wagner, CEO, Scanbot SDK GmbH The retail industry is facing seismic shifts, and the Covid-19 pandemic has been rocket fuel for changes in customer demands. Today, digital and contactless shopping experiences are just part of everyday life for many – especially amongst the younger generations. 🚀Retail x Mobile Barcode Scanning Are you still […] Retail Technology Innovation Hub September 23, 2022September 23, 2022 3 min read ShoppersBrick and MortarOmnichannelMarketing: SocialAssociatesTechnology & InnovationMarketing: In StorePredictions and ForecastsTwitterConsumersQ CommerceData & InsightsOperations & Supply ChainCOVID19Marketing: TradeGopuffPricing & PromotionsTech: CashierlessCompetitionStore FormatMetaverseESG and CSRFood DeliverySustainabilityDeliveryExecutivesDept. NonfoodBOPISDept. Natural / OrganicTech: AR and VRDept. FuelDept. Consumer ElectronicsMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain Best Buy bucks the glut trend, boasting healthy inventory The consumer electronics company saw inventory down 6% year over year in Q2. RetailDive September 12, 2022September 12, 2022 < 1 min read Operations & Supply ChainBest BuyDept. NonfoodConsumersDept. Consumer Electronics 0 Saving Bookmark this article Bookmarked
Channel: Delivery Instacart and Klarna Partner to Offer Consumers More Flexible Ways to Pay We’re teaming up with Klarna to introduce even more ways to pay for your purchases online on Instacart.com and in the Instacart app. Our partnership gives you more flexibility to pay for same-day delivery across a range of categories, including everything from home improvement to beauty and bulk purchases. Beginning today, you can select Klarna’s […] Instacart News September 8, 2022September 8, 2022 2 min read InstacartDeliveryConsumersPartnershipsMarketing: SocialData & InsightsESG and CSRDept. NonfoodPricing & PromotionsMeta (Facebook)Dept. HBCTwitterMarketing: TradeResults & InvestmentDept. Consumer ElectronicsEconomyDept. Sporting goodsGoogleMarketing: Broadcast 0 Saving Bookmark this article Bookmarked
Shopper & Customer From RFID to Stagflation, Here Are This Month’s Insights From Our Top Retail Influencers Last Friday, the team at RETHINK hosted their third Small Groups Mixer, a monthly virtual event catered to all of 2022’s Top Retail Influencers. During the Mixer, topics ranging from RFID to stagflation, DTC, and the retail experience were discussed at length. Here, we’ll explore these topics and additional insights from the Mixer with the […] Rethink Retail August 31, 2022August 31, 2022 8 min read ConsumersDept. ApparelSustainabilityShoppersAssociatesBrick and MortarReturnsTargetOperations & Supply ChainEconomyTechnology & InnovationWalmartStrategyData & InsightsDept. NonfoodPackagingAmazonPartnershipsVendorsMetaverseOmnichannelRestaurantsTrends: TechPodcastsCOVID19CompetitionAcquisitionResults & InvestmentMerchandisingHealth & WellnessLegal & CriminalDept. Toys & GamesMarketing: BrandMarketing: Loyalty & SubscriptionDept. Consumer ElectronicsMarketing: UGCPredictions and ForecastsTech: CashierlessBOPISDept. Natural / OrganicDept. GroceryDept. Sporting goods 0 Saving Bookmark this article Bookmarked 5
Shopper & Customer 4 Pricing Strategies To Grow Your Retail Business For consumers, price is one of the most important factors that determine whether they’ll make the purchase or not. That’s why, as a retail business, you should properly set the best price for your products. This means that you shouldn’t simply price your products higher than the total amount you spent manufacturing or acquiring them, […] Retail Minded August 31, 2022August 31, 2022 3 min read Technology & InnovationStrategyShoppersConsumersOperations & Supply ChainPricing & PromotionsMarketing: TradeDept. NonfoodData & InsightsMarketing: In StoreDept. AppliancesDept. Consumer ElectronicsDept. FreshTargetPredictions and ForecastsSustainabilityResults & Investment 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Celebrating One Year of Walmart GoLocal It’s been a year since we introduced Walmart GoLocal as our white-label, delivery-as-a-service offering for businesses. We launched Walmart GoLocal in August 2021, as businesses of all sizes were continuing to see consumer demand for fast, reliable delivery post-pandemic. We saw an opportunity to serve retailers who could benefit from Walmart’s scale, delivery infrastructure and […] Walmart News August 30, 2022August 30, 2022 3 min read DeliveryWalmartShoppersPartnershipsAssociatesOperations & Supply ChainDept. NonfoodDept. ApparelConsumersCustomer ExperienceMarketing: SocialPredictions and ForecastsDept. FreshCOVID19Dept. Adult BevRestaurantsTechnology & InnovationBOPISDept. Consumer Electronics 0 Saving Bookmark this article Bookmarked
Shopper & Customer Best Buy’s quarterly sales drop, as inflation-weary consumers pull back on spending Best Buy also reaffirmed its guidance for the fiscal year, saying it expects softer demand for consumer electronics. CNBC August 30, 2022August 30, 2022 < 1 min read ConsumersBest BuyEconomyDept. NonfoodDept. Consumer Electronics 0 Saving Bookmark this article Bookmarked
Channel: Delivery Instacart adds same-day delivery service for furniture and electronics Instacart is expanding beyond grocery to offer same-day deliveries of “Big & Bulky” products such as furniture and consumer electronics. Retailers participating in the program include Big Lots, Container Store, Mastermind Toys, Office Depot, Spirit Halloween and Staples. RetailWire August 25, 2022August 25, 2022 < 1 min read InstacartDeliveryDept. NonfoodHoliday & EventsDept. Toys & GamesDept. Consumer ElectronicsConsumersBig Lots 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Prime Day Reflections to Prime Marketers for Holiday Planning 2022 Prime Day 2022 is fading from the rearview mirror — the numbers are in and the trades have spoken. Yet, I find myself reflecting on some key learnings from this year that, as a marketer, I feel are important to share with brands looking to maximize their Prime Day presence and keep visibility high for […] Margaux Logan August 23, 2022August 23, 2022 4 min read AmazonConsumersHoliday & EventsDept. NonfoodStrategyStreamingOwned Brands (Private Label)Marketing: In StoreData & InsightsMarketing: Digital MediaPartnershipsInsight ProvidersStore LocationDept. Consumer ElectronicsCompetitionWhole FoodsMarketing: Loyalty & SubscriptionShoppersWalmartAgenciesEconomyOperations & Supply ChainHealth & WellnessGrubhubFood DeliveryExecutivesDeliveryDept. PaperDept. FreshMarketing: BrandPricing & PromotionsCOVID19Brick and MortarTarget 0 Saving Bookmark this article Bookmarked
Shopper & Customer 2Q earnings show how retailers dealt with inventory and inflation issues Target and Walmart have found that consumers are cutting back on discretionary purchases in categories including apparel and consumer electronics. At the same time, purchases of everyday staples are holding up even with rising prices. Lowe’s and Home Depot have seen a drop in the amount of money that consumers are purchasing for home improvement […] RetailWire August 23, 2022August 23, 2022 < 1 min read ConsumersResults & InvestmentOperations & Supply ChainEconomyWalmartTargetLowesHome DepotDept. NonfoodDept. Consumer ElectronicsDept. Apparel 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Prime Day 2022 reaches historic milestone SEATTLE — Amazon Prime members purchased more than 300 million items worldwide during Prime Day 2022, according to the company, which said this year’s event was the biggest Prime Day event ever. Amazon said Thursday that Prime members saved over $1.7 billion, more than during any previous Prime Day event. The company said the event […] MMR July 14, 2022July 14, 2022 3 min read AmazonHoliday & EventsDept. NonfoodDeliveryDept. ApparelDept. Toys & GamesPartnershipsProcter & GambleWhole FoodsConsumersDept. Consumer ElectronicsDept. HBCMarketing: BroadcastExecutivesMarketing: Loyalty & SubscriptionMarketing: SocialOperations & Supply ChainPodcastsPricing & PromotionsDept. PharmacyAssociatesStreamingSustainabilityTrends: ShoppingVendorsDept. PetBOPISBrick and MortarDept. FreshDept. BabyPredictions and Forecasts 0 Saving Bookmark this article Bookmarked 5
Shopper & Customer Shopper & Customer Trends & External Forces Adventure and novelty identified as 2023 flavor trends Kerry’s Flavor Insights report reveals 2023 foodservice consumer trends. Written by Food Business News June 1, 2023June 1, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Channel: Ecommerce & Digital Media & Marketing Shopper & Customer Trends & External Forces Instacart piloting ‘favorite shopper’ feature The feature, which allows consumers to single out their preferred in-store shoppers to fulfill future orders, will roll out in the coming weeks among select users. Dive Brief: Instacart said in a Tuesday blog it will pilot a feature for customers that lets them select their favorite personal shoppers to fulfill online orders. Select customers and personal shoppers […] Written by Grocery Dive May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked
Stores & Formats Merchandising Owned Brands (Private Label) Stores & Formats Albertsons gives its Signature private brands a single identity The grocer is bringing its Signature Farms, Signature Care and Signature Cafe private labels under its flagship Signature Select brand and has launched a new advertising campaign to promote the expanded product line. Dive Brief: Albertsons announced Wednesday it is bringing its Signature Farms, Signature Care and Signature Cafe private label products under its flagship Signature Select […] Written by Grocery Dive May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked
Associates & Employees Department: Nonfood Technology & Innovation Trends & External Forces Associates & Employees More Than 1,700 Amazon Employees Plan Walkout Today From the Seattle Times: “More than 1,700 Amazon employees have pledged to walk off the job on Wednesday, demanding more flexibility with remote work and more attention on Amazon’s climate impact. “Of the 1,726 employees who had signed on to participate by Tuesday afternoon, about 830 plan to physically walk out of offices in Amazon’s […] Written by MorningNewsBeat May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked
Channel: Delivery Channel: Ecommerce & Digital Department & Category Department: Food Data & Insights Technology & Innovation Instacart begins nationwide rollout of ChatGPT search tool The tool allows customers to find products as well as recipes, food prep tips and more using “natural language” instead of keyword-based searches. Dive Brief: Instacart announced Wednesday it has begun the rollout of an artificial intelligence powered search tool that leverages ChatGPT called Ask Instacart. The company said the new capability will scale to all […] Written by Grocery Dive May 31, 2023June 1, 2023 Saving Bookmark this article Bookmarked