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  1. RetailWIt QuickWit

Daily QuickWit (7/23) – Top Retail News of the Day, Saturday morning edition

Friday Daily on a Saturday? Hey, we all miss a deadline from time to time. Have a cup of coffee and catch up on the top retail news from yesterday… Uber is back in the news with yet another partnership, this time with Mercari (a resale marketplace), where they are offering a “no meet-up delivery” […]
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  1. RetailWIt QuickWit

Daily QuickWit (7/22) – Top Retail News of the Day

Here’s what was interesting in Retail today: Coca-Cola spurs 42% revenue growth (now $10.1B) after returning to pre-pandemic marketing spend (which doubled YOY). They invested in innovation, quality, and targeted allocation with their increased spend and beat earnings and revenue expectations in Q2. Target, Bed Bath and Beyond Open Doors To Third-Party Boutiques. The Store-within-a-store […]
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  1. RetailWIt QuickWit

Daily QuickWit (7/20) – Top Retail News of the Day

Here’s what the RetailWit crew is reading today: Salesforce projects retailers will pay extra for goods in the second half—to the tune of $223B (+62%) YOY. It’s expected to come from a staggering increase in logistics (+$163B), suppliers (+$12B), and wage expenses (+$48B). Uber partners with Albertsons to expand grocery delivery. It is their biggest […]
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  1. Retailer Media

Publicis Groupe Acquires CitrusAd In Major Retail Media Move

The four-year-old CitrusAd retail media platform used by grocers such as Hy-Vee, Wakefern and Ocado has been acquired by Publicis Groupe for an undisclosed sum. The deal comes amid dramatic growth of retail media and expectations of further increases as major advertisers are drawn to the targeting, transparency and measurability of retail media. The CitrusAd […]
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  1. RetailWIt QuickWit

Daily QuickWit (7/8) – Top Stories of the day

Retailers continue to push into Healthcare, Instacart gets another C-Suite addition, and Market Volatility in today’s top stories: Dollar General hires a Chief Medical Officer. With other retailers pushing into the medical space, Dollar General has made their move with this latest hire. Dollar General has 17,400 stores across the country, including many in rural […]
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  1. RetailWIt QuickWit

Daily QuickWit (7/7) – Top Stories of the day

In the news today; retailers tackle climate change, a new lead for Walmart+, Kroger further invests in technology, Spartan Nash Rapid fire hiring & Heinz negotiates a treaty. Retailers Join Forces to Tackle Climate Change in the Race to Zero Geneva, Switzerland, July 7, 2021 — Leading retailers H&M Group, Ingka Group (IKEA), Kingfisher plc […]
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  1. RetailWIt QuickWit
QuickWit

Daily QuickWit (7.6) – Top Stories of the Day

Another week, another Ransomware attack. The same group behind the JBS attack hit Kaseya, an IT firm that powers retail technology. The attack affected Swedish retailer, Coop. One thing is for certain: retailers need to focus on cybersecurity efforts, identify and build in redundancy in their systems—this will not be the last ransomware attack. Andy […]
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  1. RetailWIt QuickWit

Daily QuickWit (7.2) – Top Stories of the Day

Not so fast, delivery. You can’t wake up without a startup entering the space, and consolidation is expected. As we mentioned in our previous daily, delivery is tablestakes for customers and an impossible (economic) problem to solve for companies—so far. The robots are here. Exosuits, automation, real time stock availability… The duality of using technology […]
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  1. Channel: Ecommerce & Digital

As billions flow into a crowded online grocery market, a wave of consolidation could be on the way

KEY POINTS Venture-backed grocery companies have already raised over $10 billion so far in 2021, according to data from Pitchbook. In Europe, several “dark store” start-ups now promise to deliver groceries in as little as 10 minutes. The market is becoming increasingly crowded, and some experts say a wave of consolidation is fast approaching. A […]
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  1. RetailWIt QuickWit

QuickWit Weekly 06.28 – Cheatsheet: Rite Aid & Last Week’s Top Stories

Pharmacy will be one of the next battlegrounds in Retail, and we’re prepping at RetailWit to understand the landscape of Retail Pharmacy. So, we created this cheatsheet as a guide to Rite Aid.
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  1. RetailWIt QuickWit

Daily QuickWit (6.25) – Yesterday’s Top Stories

Google delays Chrome’s cookie-blocking privacy plan by nearly 2 years Providing many advertising firms a stay of execution, Google announces a delay in it’s privacy plan often called the ‘death of cookies’.  Google believes blocking third-party cookies at this stage is actually bad for people using the web because it drives tracking companies to more […]
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  1. RetailWIt QuickWit

Daily QuickWit (6.24) – Yesterday’s Top Stories

Mintel released their June 2021 trend observations A good read of what is going on right now and what is relevant to retailers and brands everywhere Walmart’s former e-commerce chief Marc Lore says brands like Warby Parker can’t be replicated by big-box retailers More and more DTC brands keep showing up, it will be fascinating […]
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  1. Shopper & Customer

Google delays Chrome’s cookie-blocking privacy plan by nearly 2 years

It takes time to fix privacy problems without hurting ad-dependent websites, the search giant says.
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  1. Trends & External Forces

Forrester’s US Retail Recovery Heat Map, June 2021 — Expected Income Loss Still High In Some Metros

Retail recovery is proceeding at different rates in various parts of the US. In May 2021, we adjusted our retail recovery heat map model to include the following factors: Economic sentiment — based on household expected loss of income in the next four weeks Change in cases — 14-day percentage change in cases Saturation of […]
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  1. Corporate Finance

Daily QuickWit (06.18) – Yesterday’s Top Stories

Friday is here, and we’re reading: Prime Day Spending Expected To Top $11 Billion, Adobe predicts. Seven years running, other retailers and brands have adopted Prime Day-like promotions. Adobe indicates those who do get a “halo effect” – large retailers (>1B online revenue) see a 24% lift, small retailers (<$10M online revenue) see a 14% […]
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  1. RetailWIt QuickWit

Daily QuickWit (7/22) – Top Retail News of the Day

Here’s what was interesting in Retail today: Coca-Cola spurs 42% revenue growth (now $10.1B) after returning to pre-pandemic marketing spend (which doubled YOY). They invested in innovation, quality, and targeted allocation with their increased spend and beat earnings and revenue expectations in Q2. Target, Bed Bath and Beyond Open Doors To Third-Party Boutiques. The Store-within-a-store […]
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  1. RetailWIt QuickWit

Daily QuickWit (7/20) – Top Retail News of the Day

Here’s what the RetailWit crew is reading today: Salesforce projects retailers will pay extra for goods in the second half—to the tune of $223B (+62%) YOY. It’s expected to come from a staggering increase in logistics (+$163B), suppliers (+$12B), and wage expenses (+$48B). Uber partners with Albertsons to expand grocery delivery. It is their biggest […]
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