Shopper & Customer Circana announces its U.S. CPG Growth Leaders CHICAGO – Circana on Monday announced the leading companies in its latest Growth Leaders rankings. The firm analyzed the growth performance of hundreds of public and private consumer packaged goods (CPG) companies ranging from $100 million to $60 billion in annual sales to develop the rankings. Circana will highlight the drivers of success for these […] MMR March 18, 2024March 18, 2024 2 min read ConsumersDept. BeverageExecutivesCPG: Adult BeverageEconomyCOVID19Technology & InnovationAICoca ColaESG and CSRMarketing: Social MediaSustainability 0 Saving Bookmark this article Bookmarked
Shopper & Customer Foodservice Solutions® Top Six Reasons Consumer Buy Prepared Meals Consumers are dynamic not static according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. So, the question becomes just why are consumers in 2024 time-starved? Ok, let’s see a few reasons: · Busy Lives: The juggle of work, family, and personal commitments continue to be a major time drain. · Economic Factors: With […] Grocerant Guru March 16, 2024March 16, 2024 3 min read ConsumersDept. GroceryData & InsightsTechnology & InnovationMarketing: Social MediaAIDept. FreshBrick and MortarDept. PerimeterTwitterEconomyDept. Fresh PreparedMeta (Facebook)COVID19DeliveryESG and CSRDept. NonfoodHealth & WellnessInclusivityPredictions and ForecastsPricing & PromotionsRestaurantsShoppersUnilever 0 Saving Bookmark this article Bookmarked
Technology & Innovation Grocery giant Sainsbury’s battles payments and online delivery issues as IT meltdown hits hard Sainsbury’s has today been hit by an IT meltdown following an ‘error with an overnight software update’ that has prevented the grocery retailer from being able to fulfil online orders and accept contactless payments in stores. “We’re experiencing technical issues affecting some stores, our Groceries Online service and our ability to contact customers. Unfortunately, we will […] Retail Technology Innovation Hub March 16, 2024March 16, 2024 2 min read Technology & InnovationShoppersBrick and MortarMarketing: Social MediaDeliveryInternational - UKOmnichannelPartnershipsTwitterData & InsightsPredictions and ForecastsCOVID19StrategyMarketing: In StoreGoogleExecutivesESG and CSRDept. Grocery 0 Saving Bookmark this article Bookmarked
Corporate Strategy Rough Week for Retail CEOs: Top Execs Out at Petco, Under Armour, Fossil It was a tough week to be at the top in retail with a number of companies announcing CEO switch-ups following disappointing performances, including Petco, Under Armour, Fossil Group and, as Retail TouchPoints previously reported, Allbirds. Former Best Buy COO to Lead Petco While CEO Search Gets Underway Ron Coughlin — who led Petco through […] Retail TouchPoints March 15, 2024March 15, 2024 4 min read ExecutivesPredictions and ForecastsResults & InvestmentMarketing: Loyalty & SubscriptionStrategyShoppersHealth & WellnessBest BuyDept. ApparelPartnershipsMarketing: Social MediaReturnsCustomer ExperienceInternationalOperations & Supply ChainHoliday & EventsLowesConsumersStart UpsTechnology & InnovationDeliveryBrick and MortarCOVID19EconomyAssociates 0 Saving Bookmark this article Bookmarked
Shopper & Customer Retail’s Great Balancing Act and Why Crowdsourcing is Key Consumers want convenience, personalization and value — it’s what pushed the U.S. retail market to a record $5.13 trillion in 2023. As inflation subsides, what shoppers want and how they spend will keep playing a big role in how the market evolves. Retailers need to keep pace with a more connected, savvy and discerning customer […] Dennis Moon March 14, 2024March 14, 2024 3 min read ShoppersConsumersDeliveryTechnology & InnovationOmnichannelOperations & Supply ChainConsultingData & InsightsMarketing: Direct & PersonalizationEconomyReturnsWhole FoodsCompetitionHoliday & EventsMarketing: Loyalty & SubscriptionCOVID19ExecutivesInclusivityBrick and MortarMarketing: In StorePricing & PromotionsResults & InvestmentESG and CSRAmazon 0 Saving Bookmark this article Bookmarked
Trends & External Forces Grocery prices nearing pre-pandemic affordability Insights come from a Feb. 28 webinar on inflation hosted by FMI-The Food Industry Association. Food Business News March 14, 2024March 14, 2024 < 1 min read COVID19EconomyData & InsightsDept. Grocery 0 Saving Bookmark this article Bookmarked
Trends & External Forces Peloton CFO leans on cost cutting to reverse post-pandemic slump Finance chief Liz Coddington is cutting overhead costs and driving more revenue from Peloton’s digital subscription and bike rental businesses. RetailDive March 14, 2024March 14, 2024 < 1 min read ExecutivesCOVID19Results & Investment 0 Saving Bookmark this article Bookmarked
Channel: Grocery Your Views: Essential Lessons MNB reader Karl Graff emailed me about yesterday’s story concerning the staff of a Wisconsin Dollar General store that quit en masse, and my comment that “dollar stores in general have a reputation for cutting corners wherever and whenever possible, with low staffing levels that put enormous stress on the folks who do work there. […] MorningNewsBeat March 14, 2024March 14, 2024 3 min read AssociatesDept. GroceryRegional GroceryHealth & WellnessAhold DelhaizeDollar GeneralAlbertsons / SafewayPredictions and ForecastsMarketing: In StoreESG and CSRDept. NonfoodDept. PerimeterDept. PaperDept. HBCDept. FreshCOVID19Brick and MortarResults & Investment 0 Saving Bookmark this article Bookmarked
Shopper & Customer Report: Anxiety Attacks On Generation Z Axios reports on a new Gallup and Walton Family Foundation study saying that “Generation Z is America’s most diverse cohort yet — but they’re united by deep anxieties about the world around them … A collision of political, economic and social trends has minted a generation in which huge numbers of people struggle to cope […] MorningNewsBeat March 13, 2024March 13, 2024 2 min read ConsumersPredictions and ForecastsTechnology & InnovationESG and CSRAIWeatherAssociatesShoppersGovernmentEconomyDept. Adult BevCOVID19 0 Saving Bookmark this article Bookmarked
Department: Nonfood Petco CEO Ron Coughlin Stepping Down; Interim Replacement Named Ron Coughlin, who led Petco for five years as the pet retailer’s CEO, announced Wednesday he was stepping down from the company and would remain as an advisor to the board. Petco named Michael Mohan, the former Best Buy president and COO, interim CEO while the board conducts a search for a permanent chief executive. […] Marie Albiges March 13, 2024March 13, 2024 < 1 min read Dept. PetExecutivesCOVID19Dept. Toys & GamesDept. NonfoodDept. GroceryBest BuySustainabilityPredictions and ForecastsHealth & WellnessConsumers 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Affordable Last Mile Groceries Delivery with Buncha’s Bharat Pulgam The CPG Guys are joined in this episodee by Bharat Pulgam, Founder & CEO of Buncha, a last-mile technology company that uses W2 shoppers and refrigerated vehiclesto provide best in class service. With a unique batching system, Buncha is able to work with retailers to maximize deliveries in a reliable and efficient manner. What sets […] The CPG Guys March 13, 2024March 13, 2024 2 min read DeliveryMarketing: Social MediaPodcastsShoppersDept. RefrigeratedTechnology & InnovationAssociatesCustomer ExperienceConsumersDept. FuelCOVID19MerchandisingPartnershipsPredictions and ForecastsResults & InvestmentSponsoredSustainabilityExecutives 0 Saving Bookmark this article Bookmarked
Trends & External Forces Consumer Prices Continue To Reflect Inflationary Pressures The New York Times reports this morning that “the Consumer Price Index climbed 3.2 percent last month from a year earlier, up from 3.1 percent in January. That’s down notably from a 9.1 percent high in 2022, but it is still quicker than the roughly 2 percent that was normal before the 2020 pandemic. “After […] MorningNewsBeat March 12, 2024March 12, 2024 < 1 min read EconomyConsumersPredictions and ForecastsDept. GroceryDept. FuelCOVID19Associates 0 Saving Bookmark this article Bookmarked
Trends & External Forces The Top 15 U.S. Pharmacies of 2023: Market Shares and Revenues at the Biggest Chains and PBMs Next week, Drug Channels Institute (DCI) will release our 2024 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers. It’s the 15th edition of our popular and comprehensive examination of the entire U.S. drug pricing, reimbursement, and dispensing system. For 2023, DCI estimates that U.S. prescription dispensing revenues reached $621 billion in 2023, driven by […] Drug Channels March 12, 2024March 12, 2024 2 min read Predictions and ForecastsData & InsightsDept. PharmacyMarketing: Social MediaEconomyMeta (Facebook)COVID19 0 Saving Bookmark this article Bookmarked
Department: HBC Pharmacy advocates to gather for NACDS RxIMPACT Day WASHINGTON – More than 300 pharmacists, other pharmacy representatives, student pharmacists and faculty, state association allies and others — representing all 50 states — will convene in Washington, D.C., March 13-14, for the National Association of Chain Drug Stores (NACDS) RxIMPACT Day on Capitol Hill. The pharmacy advocates will urge Members of Congress to act […] MMR March 12, 2024March 12, 2024 2 min read Dept. PharmacyGovernmentData & InsightsSustainabilityHealth & WellnessExecutivesCOVID19Brick and Mortar 0 Saving Bookmark this article Bookmarked
Media & Marketing Command Your Brand with PriceSpider’s Brett Banner & Rae Guimond We are partnering on today’s episode with Pricespider, who helps the world’s brands, big and small, to enrich the consumer journey and build long-lasting relationships with their shoppers, resulting in more revenue and higher profit margins. The CPG Guys are joined in this episode by SVP of strategy & Director of strategy for PriceSpider – […] The CPG Guys March 9, 2024March 9, 2024 2 min read Marketing: Social MediaTechnology & InnovationAIPodcastsStrategyShoppersConsumersData & InsightsPartnershipsMarketing: TradePricing & PromotionsPredictions and ForecastsESG and CSRMerchandisingMarketing: In StoreMarketing: Digital MediaExecutivesCOVID19Vendors 0 Saving Bookmark this article Bookmarked
Department: HBC Thrive Causemetics Founder Reveals What it Takes for a Cause-Based Brand to Stay on Mission Karissa Bodnar, Founder and CEO of clean beauty brand and DTC success story Thrive Causemetics, grew up in a small town in rural Washington state. She lived off a dirt road where neighbors were few and far between, there was no cable and the internet was sporadic. Not exactly the kind of place one imagines […] Retail TouchPoints March 8, 2024March 8, 2024 8 min read Dept. HBCPhilanthropyPartnershipsPredictions and ForecastsShoppersAssociatesConsumersStrategyHealth & WellnessAmazonMarketing: Social MediaExecutivesBrick and MortarCOVID19Data & InsightsDept. FreshInternational - North AmericaMarketing: BrandMarketing: In StoreEconomyLegal & Criminal 0 Saving Bookmark this article Bookmarked
Data & Insights Key Takeaways From the Wiser Industry Leaders Retail Panel: Retail Innovation and Strategy With the global pandemic acting as a catalyst for change, retailers have been thrust into a new realm of challenges and opportunities. The acceleration in the adoption of digital tools and strategies has become a lifeline for many, enabling them not only to survive but to thrive amidst unprecedented conditions. A recent panel hosted by […] Wiser Retail Strategies March 8, 2024March 8, 2024 5 min read Data & InsightsDept. NonfoodShoppersTechnology & InnovationOperations & Supply ChainStrategyCOVID19Marketing: In StoreCustomer ExperienceAssociatesConsumersPredictions and ForecastsTrends: RetailBrick and MortarMerchandisingMarketing: Social MediaSustainabilityTargetOmnichannelBOPISDeliveryDept. AppliancesResults & InvestmentEconomyExecutivesGovernmentHome DepotLowesPricing & PromotionsMarketing: Loyalty & SubscriptionMarketing: Trade 0 Saving Bookmark this article Bookmarked
Trends & External Forces Mini profile: Nisa retailer Whyte’s of New Pitsligo puts community at the heart of success Since opening Whyte’s of New Pitsligo in April 2022, rookie retailer Julie-Ann Whyte has battled numerous bumps in the road to create a store that truly serves her community. Like millions of others, Julie-Ann Whyte’s experience of being locked down at home during the pandemic… This story continues at Mini profile: Nisa retailer Whyte’s of […] Talking Retail March 7, 2024March 7, 2024 < 1 min read Predictions and ForecastsCOVID19Brick and Mortar 0 Saving Bookmark this article Bookmarked
Technology & Innovation How Google Blew Up Its Open Culture and Compromised Its Product Today at Big Technology, we’re debuting a new Big Tech Insider columnist, adding to our series where experts with unique insights about the tech giants— and experience within them — tell the story behind the headlines. David Kiferbaum held various roles within Google from 2015 – 2023. And today, he writes of its open culture’s […] Bigtechnology March 7, 2024March 7, 2024 4 min read Technology & InnovationGoogleAIData & InsightsBigTechAssociatesAmazonExecutivesDept. ApparelGovernmentInclusivityCOVID19Marketing: UGCMarketing: VoiceStrategy 0 Saving Bookmark this article Bookmarked
Channel: Mass Your Views: Illuminated Got this email responding to Tom Furphy’s and my Innovation Conversation about Walmart’s Luminate program: Walmart does not necessarily need to use data to target specific customers because they attract a large percentage, overall, of demographic and income levels. If they already know that XX% of people from a specific economic level regularly shop in […] MorningNewsBeat March 7, 2024March 7, 2024 3 min read TargetEconomyBig DataConsumersWalmartDeliveryShoppersWhole FoodsCOVID19Operations & Supply ChainMarketing: Loyalty & SubscriptionAmazonPricing & PromotionsDept. NonfoodData & InsightsBrick and MortarAssociatesTechnology & InnovationStrategyRegional GroceryDept. BeverageDept. DairyDept. FreshMarketing: TradePredictions and ForecastsAhold Delhaize 0 Saving Bookmark this article Bookmarked
Shopper & Customer Bridging the Gap Between Online and Brick-and-Mortar Shopping: How to Inspire Consumer Closeness From brand and product options to the methods to purchase, consumers have more choices than ever in how their shopping experience comes to life. The most recent shift in consumer mindset and shopping preferences happened as a result of the COVID-19 pandemic. Because so many retailers were forced to shift to online-only during this time, […] Crystle Uyeda March 7, 2024March 7, 2024 4 min read ConsumersCOVID19Marketing: In StoreTechnology & InnovationDept. ApparelShoppersThick DataPredictions and ForecastsResults & InvestmentBrick and MortarCustomer ExperienceAIMarketing: Social MediaStrategyMarketing: UGCAssociatesMarketing: Loyalty & SubscriptionHealth & WellnessData & InsightsTrends: RetailTrends: Consumer 0 Saving Bookmark this article Bookmarked
Shopper & Customer 3 Ways Retailers Can Increase In-Store Foot Traffic For small businesses with brick-and-mortar stores, foot traffic is (almost) everything. That’s bad news for both rural towns and small business hubs like San Francisco or New York, which haven’t yet recovered to pre-pandemic foot traffic levels. With fewer people walking along city streets and a seasonal dip in sales after the holidays, small retailers […] Pranay Agrawal March 6, 2024March 6, 2024 3 min read ConsumersShoppersMarketing: In StoreStore LocationBOPISESG and CSRTechnology & InnovationThick DataMarketing: Social MediaBrick and MortarPricing & PromotionsMarketing: TradeDept. Adult BevDept. NonfoodPredictions and ForecastsHoliday & EventsMarketing: Loyalty & SubscriptionDept. BeverageDept. ApparelCOVID19SustainabilityDept. Toys & Games 0 Saving Bookmark this article Bookmarked
Shopper & Customer UK Homeware Trends Report The UK homeware market has shown remarkable resilience and adaptability in recent years, having faced the extended hiatus of the COVID-19 outbreak and a cost of living crisis which squeezed budgets back to the essentials. The high interest rates of 2023 also impacted homebuyers – a key target market for this sector. Despite these challenges, […] Mintel March 5, 2024March 5, 2024 4 min read ConsumersInternational - UKESG and CSRSustainabilityBrick and MortarMarketing: Social MediaPackagingPredictions and ForecastsShoppersResults & InvestmentHoliday & EventsDept. FreshData & InsightsDept. ApparelCOVID19Dept. PerimeterDeliveryDept. GroceryDept. NonfoodHealth & WellnessMarketing: In StoreOperations & Supply ChainPhilanthropyTargetTechnology & InnovationEconomyTrends: Consumer 0 Saving Bookmark this article Bookmarked
Technology & Innovation 3 Keys to Creating Experiences that Gen Alpha Loves Gen Alpha is poised to reach 2 billion people by 2025, making it the largest generation in history, according to Matt Smith, Trends Manager at GWI. However, the influence and impact of this consumer base already are significant, considering the heightened role they’ve played in household decision-making processes since the start of the pandemic. “Families […] Retail TouchPoints March 5, 2024March 5, 2024 4 min read ConsumersTechnology & InnovationGamingMarketing: Social MediaESG and CSRData & InsightsHealth & WellnessDept. NonfoodPredictions and ForecastsExecutivesCompetitionCOVID19ShoppersMetaverseOmnichannelStrategyRestaurantsDept. Toys & GamesBrick and MortarTrends: TechDept. GroceryDept. HBCAcquisition 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Amazon Aggregator and Former ‘Unicorn’ Thrasio Files for Bankruptcy Thrasio, one of the highest-profile Amazon “rollup” firms — so-called because they acquire Amazon third-party sellers en masse and roll them up into a larger entity to consolidate operations (and ideally scale profitability) — has filed for bankruptcy in an effort to “strengthen its financial position.” Thrasio said it will continue normal business operations for […] Retail TouchPoints March 4, 2024March 4, 2024 2 min read AmazonBankruptcyResults & InvestmentPredictions and ForecastsExecutivesOperations & Supply ChainMarketing: Social MediaShoppersOwned Brands (Private Label)COVID19Brick and Mortar 0 Saving Bookmark this article Bookmarked
Trends & External Forces NRF Economist: Inflation remains key WASHINGTON – Inflation and the Federal Reserve’s efforts to bring it under control will remain big factors in the economy this year, according to National Retail Federation Chief Economist Jack Kleinhenz.“With the U.S. economy’s strength resting heavily on household spending, all eyes are on the consumer – and how consumers will respond the next few […] MMR March 4, 2024March 4, 2024 2 min read EconomyConsumersAssociatesCOVID19Data & InsightsTargetDept. NonfoodExecutivesHealth & WellnessRestaurantsResults & InvestmentDept. HBC 0 Saving Bookmark this article Bookmarked
Data & Insights 4 Key Point-of-Sale Trends for 2024 The point-of-sale (POS) system has always been the one truly indispensable technology for any merchant, large or small. The centrality of the POS has led both retailers and solution providers to integrate it with other fundamental operational systems, from inventory and order management to customer relationship management (CRM) and, of course, payments. As if this […] Retail TouchPoints March 2, 2024March 2, 2024 5 min read Technology & InnovationAIShoppersData & InsightsTech: CashierlessPredictions and ForecastsAssociatesMarketing: Direct & PersonalizationMarketing: In StoreCustomer ExperienceBOPISOperations & Supply ChainDept. NonfoodBNPLMarketing: Social MediaCostcoCOVID19WegmansWalmartConsumersTrends: FinanceCryptoGoogleRegional GroceryMarketing: Loyalty & SubscriptionExecutivesPodcasts 0 Saving Bookmark this article Bookmarked
Trends & External Forces “Shrinkflation” In The Spotlight The New York Times has a piece about the impetus for shrinkflation, and the underlying economics. “Companies are downsizing products without downsizing prices, and consumer posts from Reddit to TikTok to the New York Times comments section drip with indignation at the trend, widely known as ‘shrinkflation’,” the story says, noting that “the practice isn’t […] MorningNewsBeat March 2, 2024March 6, 2024 2 min read GovernmentEconomyCOVID19Data & InsightsPredictions and ForecastsConsumersDept. NonfoodMarketing: Social MediaPackagingStrategyTikTokDept. BeverageDept. FrozenDept. PaperInternational - North AmericaAssociates 0 Saving Bookmark this article Bookmarked
International Rainy February hits footfall for UK retailers Wet weather hit UK shoppers so severely in February that retail footfall had one of its biggest drops since Covid, according to British Retail Consortium (BRC) figures. UK retail footfall dropped by 6.2% between 28 January and 24 February compared with the same period last… This story continues at Rainy February hits footfall for UK […] Talking Retail March 2, 2024March 2, 2024 < 1 min read International - UKWeatherShoppersPredictions and ForecastsCOVID19 0 Saving Bookmark this article Bookmarked
Channel: Restaurants Can Darden Restaurants Missteps of the past Help Light the Path Forward Time and time again we all stumble. Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® believes that good companies are simply better at recovering from those stumbles. Let’s take a look at Darden Restaurants, the parent company of Olive Garden and other popular restaurant chains, has faced its share of challenges and […] Grocerant Guru March 1, 2024March 1, 2024 4 min read RestaurantsData & InsightsShoppersCOVID19SustainabilityDept. GroceryCustomer ExperiencePricing & PromotionsResults & InvestmentMarketing: Social MediaHealth & WellnessMarketing: Loyalty & SubscriptionESG and CSRAssociatesOperations & Supply ChainPackagingTechnology & InnovationDept. BeverageDept. Adult BevMarketing: TradeConsumersPartnershipsPredictions and ForecastsMarketing: UGC 0 Saving Bookmark this article Bookmarked
Channel: Grocery Acquisitions, Divestitures & Mergers Trends & External Forces Court sets late August start date for hearing on Kroger-Albertsons merger A federal judge in Oregon will decide during the proceeding whether to grant the FTC’s request to block the transaction. Written by Grocery Dive March 12, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Channel: Restaurants Department & Category Department: Consumer Durables Department: Food Department: Nonfood ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Merchandising Kids Like to Go Out to Eat ask Chuck E. Cheese Don’t want to cook, don’t want to do dishes, well according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® your kids don’t want you hear you complain about cooking dinner either. Chuck E. Cheese has a new program for that has a great chance to make the entire family happy according […] Written by Grocerant Guru March 11, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Channel: Grocery Corporate Finance Publix reports 49% growth in net earnings in FY23 US supermarket chain Publix has reported net earnings of $4.3bn in FY23, marking a 49% increase from FY22’s $2.9bn. The post Publix reports 49% growth in net earnings in FY23 appeared first on Retail Insight Network. Written by Retail Insights Network March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Channel: Mass Corporate Finance Media & Marketing Agencies & Vendors Data & Insights Trends & External Forces Target Q4 2023 Earnings Recap Target reported Q4 and 2023 financial results at its annual investor day on March 5, 2024. Quarterly comp performance improved sequentially from Q2 to Q4, but 2023 ended with comps down -3.7%. Profitability outperformed expectations as the company realized $2B of operating income growth in 2023 and reported notable gross margin improvements. The stock was […] Written by The Harvest Group March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Trends & External Forces CPG: Food Channel: Ecommerce & Digital Channel: Grocery Channel: Mass Department & Category Department: Beverage Department: Food Department: HBC Acquisitions, Divestitures & Mergers Corporate Strategy Corporate Finance ESG Partnerships & Alt Profit Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Retail Operations Associates & Employees Operations & Supply Chain Owned Brands (Private Label) Stores & Formats Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024 Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth. Written by Kroger March 7, 2024March 8, 2024 Saving Bookmark this article Bookmarked