Corporate Finance Bensons for Beds boosted by strong ecommerce sales Bensons for Beds has recorded strong sales growth in the last three months of 2022, following investment in its stores and ecommerce site. The bed and mattress retailer saw its… The post Bensons for Beds boosted by strong ecommerce sales appeared first on Latest Retail Technology News From Across The Globe – Charged. ChargedRetail January 27, 2023January 27, 2023 < 1 min read International - UKTechnology & InnovationResults & InvestmentBrick and Mortar 0 Saving Bookmark this article Bookmarked
Technology & Innovation Should Your Business Invest in Technology Now? The big takeaway Your customers will respond to offerings that are genuinely useful and helpful to them, even in an economic downturn. The key is investing in innovation that adds value, rather than chasing what’s trendy. Need proof? Beauty giant L’Oreal has invested more in research and development every year, even in tough times. That […] Salesforce January 27, 2023January 27, 2023 5 min read Technology & InnovationShoppersResults & InvestmentDept. HBCExecutivesEconomyStrategyData & InsightsInsight ProvidersMetaverseMarketing: Direct & PersonalizationConsumersMarketing: SocialMerchandisingTargetTech: AR and VR 0 Saving Bookmark this article Bookmarked
Corporate Finance Bestway buys £195m slice of Sainsbury’s The Bestway group this morning reported that it has taken a £193m stake in Sainsbury’s and might buy more shares in the supermarket. Bestway, which operates Costcutter, Best-one and Bargain Booze in the independent convenience sector, now has a 3.45% stake in Sainsbury’s. It has indicated that this is purely an investment and is not […] Talking Retail January 27, 2023January 27, 2023 < 1 min read Results & InvestmentDept. Adult Bev 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Boston Engineer Tests Pure-Play Curbside Pickup Store in Boston The Boston Globe writes about Addie’s, a new independent pickup-only grocery store that has opened in Norwood, Massachusetts, about 20 miles south of Boston. It is, the Globe writes, “the brainchild of Jim McQuade, an aerospace engineer by training, who says he became ‘obsessed’ with the online grocery concept more than a decade ago, after […] MorningNewsBeat January 27, 2023January 27, 2023 2 min read BOPISBrick and MortarTechnology & InnovationCompetitionResults & InvestmentPredictions and ForecastsDept. PerimeterDept. GroceryDept. FreshDept. DairyCOVID19Associates 0 Saving Bookmark this article Bookmarked
Department & Category Food Lion launches ‘food pharmacy’ pilot program SALISBURY, N.C. — Food Lion and Novant Health are collaborating to launch a food pharmacy pilot program at Novant Health New Hanover Regional Medical Center in Wilmington, NC. A leading omnichannel retailer serving towns and cities across 10 states, Food Lion is committed to nourishing neighbors and families, setting them up for success in life. […] MMR January 27, 2023January 27, 2023 2 min read Dept. GroceryAhold DelhaizeDept. PharmacyHealth & WellnessMerchandisingPartnershipsOmnichannelDept. FreshBrick and MortarExecutivesMarketing: UGCMarketing: BrandDept. DairyDept. PerimeterResults & InvestmentDept. BeverageData & InsightsPackagingStrategy 0 Saving Bookmark this article Bookmarked
Channel: Restaurants Chipotle seeks to hire 15,000 restaurant workers ahead of busy spring months [[ Getty Images Chipotle Mexican Grill is seeking to hire 15,000 restaurant workers ahead of its busiest time of the year, which runs from March to May. In recent months, restaurants have found it easier to attract and retain workers, a reversal after the labor crunch that ensued after pandemic lockdowns. However, the sector has […] CNBC January 27, 2023January 27, 2023 < 1 min read RestaurantsAssociatesTechnology & InnovationCOVID19EconomyHealth & WellnessConsumersMeta (Facebook)Dept. HBCData & InsightsPricing & PromotionsResults & InvestmentTargetInternational - North AmericaAmazon 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Hasbro warns of weak holiday quarter results, cuts 15% of its workforce [[ Getty Images Hasbro said Thursday it would eliminate around 1,000 employee positions and warned of weak holiday-quarter results. Shares of the toy maker fell more than 6% in extended trading. “Despite strong growth in Wizards of the Coast and Digital Gaming, Hasbro Pulse, and our licensing business, our Consumer Products business underperformed in the […] CNBC January 27, 2023January 27, 2023 2 min read Dept. Toys & GamesHoliday & EventsConsumersAssociatesResults & InvestmentSustainabilityStrategyPredictions and ForecastsOperations & Supply ChainExecutivesEconomyData & InsightsCOVID19 0 Saving Bookmark this article Bookmarked
Corporate Finance NRF 2023: Top Retail Influencers’ Key Takeaways The RETHINK Retail team ventured to NYC from January 14-17th for NRF 2023: Retail’s Big Show. While there, we had the opportunity to speak with attendees from our Top Retail Influencer community and learn about their event experience. #TRI members- April Sabral, Andrew Smith, Carl Boutet, Alberto Serrentino, Charles Haseman, Christine Russo, Guy Courtin, and […] Rethink Retail January 27, 2023January 27, 2023 5 min read Technology & InnovationMarketing: SocialData & InsightsOperations & Supply ChainShoppersPredictions and ForecastsExecutivesData VisualizationOmnichannelBrick and MortarCustomer ExperienceReturnsAssociatesTrends: RetailSustainabilityResults & InvestmentIndustry Conferences and EventsMerchandisingInsight ProvidersConsultingDept. ApparelVendorsMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
Trends & External Forces Retailers use layoffs as a hedge against potential downturn Saks Off Fifth laid off an unspecified number of workers on Tuesday. Saks.com cut about 100 workers from its payroll. Stitch Fix, Wayfair and others have also cut job cuts the start of 2023 as they attempt to operate profitably. “Retailers are really being cognizant of capital preservation,” said Catherine Lepard, who leads the global […] RetailWire January 27, 2023January 27, 2023 < 1 min read AssociatesEconomyResults & Investment 0 Saving Bookmark this article Bookmarked
Channel: Mass New-Seller Savings Gives Sellers a Boost To Grow at Walmart The start of the year is always an exciting time. It’s a time for reflection, setting goals, pushing boundaries and trying new things. This year, sellers can win big with us as Walmart Marketplace continues to grow and deliver a top-quality product selection and a world-class shopping experience.Our New Year’s resolution is simple: To be […] Walmart News January 27, 2023January 27, 2023 3 min read WalmartShoppersOperations & Supply ChainDept. NonfoodReturnsWalmart ConnectDeliveryMarketing: Retail MediaMarketing: In StoreCompetitionResults & InvestmentData VisualizationMerchandisingPartnershipsThick Data 0 Saving Bookmark this article Bookmarked
Shopper & Customer How to Get Discovered by U.K. Retailers: Understanding British Consumers Before you launch your brand in the United Kingdom, it’s important to know what’s going on in today’s U.K. retail market as it may differ from the markets your brand currently has a presence in. Whether the British market is familiar territory or completely new, here’s a deep dive into understanding the U.K.’s marketplace, retailers, […] RangeMe January 26, 2023January 26, 2023 4 min read ConsumersSustainabilityVendorsInternational - UKPackagingGovernmentTescoHealth & WellnessEconomyShoppersInclusivityDept. GroceryData & InsightsDept. BeveragePredictions and ForecastsOmnichannelMarketing: SocialDept. PetOperations & Supply ChainDept. NonfoodDept. Adult BevResults & InvestmentESG and CSRDept. HBCAldiMarketing: In StoreTargetMarketing: Loyalty & SubscriptionTechnology & InnovationAssociatesHoliday & EventsDept. FuelOwned Brands (Private Label)social commerceTrends: Food and BeverageTrends: RetailBrick and MortarInsight Providers 0 Saving Bookmark this article Bookmarked
Shopper & Customer How to Start a Retail Business Starting a business can be one of the most rewarding experiences of someone’s life, and the satisfaction that comes with owning a successful business can be life-changing. It isn’t all easy, but seeing your labor bear fruit can be worth the effort. Starting a retail business, in particular, is one of the most popular small […] RangeMe January 26, 2023January 26, 2023 8 min read ShoppersVendorsResults & InvestmentStrategyCompetitionTargetStore LocationDept. HBCMarketing: BrandOperations & Supply ChainDept. ApparelAssociatesTechnology & InnovationConsumersCustomer ExperienceLegal & CriminalDept. NonfoodDept. FreshPredictions and ForecastsExecutivesESG and CSRMarketing: SocialDept. Toys & GamesStart UpsPartnershipsData & InsightsBrick and MortarGovernment 0 Saving Bookmark this article Bookmarked
Corporate Finance What Retail Investors Need To Know About Gold Who still thinks about gold? Apparently, some long-term investors do. In the age of digitalization, gold remains a lucrative, stable investment. It has existed for a long time and provides many advantages to those who choose it to build assets. Why? First, it’s a non-perishable asset, which means its quality doesn’t change regardless of market […] Retail Minded January 26, 2023January 26, 2023 4 min read Results & InvestmentEconomyMarketing: In StoreReturnsAcquisitionStrategyPricing & PromotionsOperations & Supply ChainLegal & CriminalInternational - North America 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Nike’s Journey To Marketing Excellence When Nike’s ten business development principles were written by Rob Strasser in 1977 the words marketing, systems, research and planning were all dirty words inside of Nike’s culture. I know, I was there at a critical time in Nike’s growth. During those days Nike had very idiosyncratic, gruff, scruffy but brilliant leaders, who even thought […] Branding Strategy January 26, 2023January 26, 2023 8 min read Dept. ApparelStrategyMarketing: BrandTechnology & InnovationAmazonResults & InvestmentMarketing: TradeConsumersPartnershipsExecutivesOperations & Supply ChainData & InsightsDept. NonfoodData VisualizationTargetSustainabilityPredictions and ForecastsEconomy 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Sam’s Club to Add 30+ Larger-Format Stores, 5 New Fulfillment Centers Sam’s Club is embarking on an ambitious expansion of its physical footprint, beginning with five new fulfillment and distribution centers opening this year — the first, in Georgia, in Q3 2023. The club retailer also plans to open more than 30 larger-format stores, most of which will include enhanced perimeter departments, bigger healthcare spaces and […] Retail TouchPoints January 26, 2023January 26, 2023 2 min read Brick and MortarBOPISHealth & WellnessOperations & Supply ChainDept. FreshSams ClubDept. FuelOmnichannelExecutivesDept. Fresh PreparedResults & InvestmentDept. DairyDept. RefrigeratedDept. PerimeterDept. Adult BevDeliveryTech: Robotics 0 Saving Bookmark this article Bookmarked
Shopper & Customer Your Views: Spotlight We had a story the other day about a poll suggesting that while ;people were cutting back on day to day expenses, they still want to indulge in occasional luxuries, which prompted MNB reader Rich Heiland to write: I used to use a statistic about Millennials in one of my presentations about finding and attracting […] MorningNewsBeat January 26, 2023January 26, 2023 4 min read ConsumersDept. BeverageDeliveryTechnology & InnovationResults & InvestmentHoliday & EventsGovernmentExecutivesDept. NonfoodDept. ApparelData & InsightsCOVID19Associates 0 Saving Bookmark this article Bookmarked
Stores & Formats Sam’s Club plans to add 30 new clubs BENTONVILLE, Ark. — Buoyed by record membership growth, Sam’s Club on Thursday announced plans to open more than 30 new clubs across the country, starting with a unit in Florida that is slated to open next year. The Walmart division also revealed a multiple-year plan to invest in and modernize its supply chain through new […] MMR January 26, 2023January 26, 2023 3 min read Operations & Supply ChainBOPISStore LocationOmnichannelDept. FreshDeliveryHealth & WellnessSustainabilityPredictions and ForecastsResults & InvestmentDept. FuelExecutivesDept. RefrigeratedTechnology & InnovationTech: RoboticsDept. DairySams ClubInclusivityDept. Fresh PreparedDept. Adult BevWalmart 0 Saving Bookmark this article Bookmarked
Technology & Innovation E-retailers Saks, Saks Off 5th, The Bay resort to layoffs amid turmoil in tech In 2021, HBC split the online and brick-and-mortar operations of its companies to gain financial and talent advantages. Now, all three spinoffs are cutting jobs. RetailDive January 26, 2023January 26, 2023 < 1 min read Technology & InnovationResults & InvestmentOperations & Supply ChainDept. HBC 0 Saving Bookmark this article Bookmarked
Corporate Finance Serta Simmons Bedding Files for Bankruptcy as Part of Agreement With Lenders Serta Simmons Bedding (SSB) has filed for Chapter 11 bankruptcy at the U.S. Bankruptcy Court for the Southern District of Texas. The filing is part of a “Restructuring Support Agreement with key financial stakeholders” aimed at reducing debt and enabling future investments, according to a company press release. The restructuring effort has the support of […] Retail TouchPoints January 25, 2023January 25, 2023 2 min read BankruptcyResults & InvestmentStart UpsOperations & Supply ChainInternationalAcquisitionPress ReleasePredictions and ForecastsPartnershipsExecutives 0 Saving Bookmark this article Bookmarked
Corporate Finance Mattress Company Serta Simmons Files for Bankruptcy Serta Simmons Bedding, the Georgia-based mattress company, filed for Chapter 11 bankruptcy on Monday, saying the move is an attempt, in part, to reduce the company’s debt. The company, owned by private equity firm Advent International, said it’s “operating as normal” — it earmarked $125 million in financing to keep operating — and the restructuring […] Marie Albiges January 25, 2023January 25, 2023 < 1 min read BankruptcyResults & InvestmentInternationalEconomyConsumersSustainabilityExecutivesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Technology & Innovation The Innovation Conversation: The Connecting-The-Dots Opportunity The continuing goal of “The Innovation Conversation” is to explore some facet of the fast-changing, technology-driven retail landscape and how it affects businesses and consumers. It is, we think, fertile territory … and one that Tom Furphy – a former Amazon executive who led the team that developed Amazon Fresh, and currently CEO and Managing […] MorningNewsBeat January 25, 2023January 25, 2023 < 1 min read Technology & InnovationConsumersExecutivesMarketing: SocialDeliveryAmazonPodcastsPartnershipsResults & InvestmentDept. FreshShoppersPredictions and ForecastsTrends: Retail 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain How Costco Dealt With Inventory Overstocks The Street has a story about how in the summer of 2022, as the consumer spending that typified the pandemic slammed headfirst into inflation and a post-recession mindset, “Walmart and Target both publicly declared that they had warehouses full of the wrong merchandise for the holiday season. “To fix that, both chains heavily discounted certain […] MorningNewsBeat January 25, 2023January 25, 2023 2 min read Operations & Supply ChainCostcoHoliday & EventsWalmartTargetEconomyCOVID19ExecutivesMarketing: TradePricing & PromotionsResults & InvestmentShoppersConsumers 0 Saving Bookmark this article Bookmarked
Start Ups Emperia raises $10 million to further develop its virtual store management SaaS platform Emperia, which creates immersive e-commerce spaces for retail brands, has raised a $10 million Series A. This follows an $875k pre-seed in 2021 (featuring Concept Ventures, SFC Capital, Blissgrowth). The Series A round was led by Base10 Partners and joined by investors including Daphni (via its retail fund Dastore), Sony Innovation Fund, Background Capital, Stanford […] Retail Technology Innovation Hub January 25, 2023January 25, 2023 2 min read Technology & InnovationMarketing: SocialTwitterPartnershipsShoppersData & InsightsConsumersCustomer ExperiencePredictions and ForecastsResults & InvestmentTech: AR and VRCryptoDept. ApparelStart UpsMarketing: Loyalty & SubscriptionExecutivesDept. NonfoodDept. FreshStore LocationStrategy 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Purple rejects takeover bid Coliseum Capital Management sent the brand an unsolicited proposal in September to acquire its remaining common stock for $4.35 a share. RetailDive January 25, 2023January 25, 2023 < 1 min read Results & InvestmentAcquisition 0 Saving Bookmark this article Bookmarked
Trends & External Forces Inflation is cooling, but prices on many items are going to stay high for months Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. Over the past few months, many of the key factors that fueled a four-decade high in inflation […] CNBC January 25, 2023January 25, 2023 6 min read EconomyConsumersData & InsightsAssociatesOperations & Supply ChainExecutivesDept. BeverageCOVID19RestaurantsShoppersOwned Brands (Private Label)PackagingHoliday & EventsKrogerPricing & PromotionsMarketing: TradeDept. GroceryData VisualizationDept. FreshResults & InvestmentDept. PerimeterInternationalProcter & GambleDept. NonfoodDept. BakeryBrick and MortarStrategyDeliveryDept. DairyDept. ApparelDept. BabyDept. LaundryPredictions and ForecastsDept. Sporting goodsDept. OTCDept. Appliances 0 Saving Bookmark this article Bookmarked
Technology & Innovation Market Research for Small Businesses Market research is an essential tool for businesses of any size or industry to understand their target audience, identify customer needs and preferences, and gather information about their competitors. In a nutshell, market research helps businesses grow and succeed. This is a primary goal for small businesses, making market research integral to small businesses making […] GeoPoll January 25, 2023January 25, 2023 3 min read Technology & InnovationData & InsightsShoppersThick DataTargetMarketing: UGCGovernmentCompetitionESG and CSRDept. NonfoodConsumersPredictions and ForecastsResults & InvestmentStore LocationStrategySustainabilityMarketing: SocialAssociates 0 Saving Bookmark this article Bookmarked
Technology & Innovation 2023 Retail Predictions (Part 2) Last week we released the first batch of Steve’s predictions. This week we conclude with six more, centering on how “hybridization” will steal the crown from omni-channel, how trading-down (in product and format) will define the year, the likelihood that big consumer credit troubles emerge, why strong balance sheets reign supreme, how the Metaverse is […] Remarkable Retail Podcast January 24, 2023January 24, 2023 2 min read Technology & InnovationMarketing: SocialIndustry Conferences and EventsPodcastsAmazonTrends: RetailDept. GroceryMetaverseWhole FoodsAcquisitionTwitterGovernmentInternational - North AmericaDept. ApparelData & InsightsConsumersHoliday & EventsConsultingBrick and MortarMergersPredictions and ForecastsResults & InvestmentTrends: TechEconomy 0 Saving Bookmark this article Bookmarked
Shopper & Customer Implementing Market Segmentation In Retail Market segmentation is fundamental to brand-business building. When creatively and intelligently managed, market segmentation can provide insight into: Superior understanding of the customer so the brand-business can provide outstanding competitive advantage; Strategic focus that is essential for effective marketing; Identifying market priorities that can drive brand-business strategies. Dollar General applied market segmentation to generate its […] Branding Strategy January 24, 2023January 24, 2023 3 min read ShoppersDollar GeneralMarketing: BrandStrategyMarketing: In StoreDept. GroceryDept. NonfoodExecutivesTechnology & InnovationBrick and MortarMerchandisingHoliday & EventsOwned Brands (Private Label)COVID19Dept. FrozenResults & InvestmentDept. Toys & GamesSustainabilityDept. ApparelEconomy 0 Saving Bookmark this article Bookmarked
Trends & External Forces The Value of Advertising During a Recession Coming off a historic Black Friday and Cyber Monday performance, with sales at $9.12 billion and $11.3 billion respectively, according to Adobe Analytics, U.S. retailers can breathe a small sigh of relief. However, looking beyond the busy holiday shopping season is critical. With many economists predicting the country will enter a recession in 2023 and […] Jon Evans January 24, 2023January 24, 2023 3 min read EconomyResults & InvestmentShoppersHoliday & EventsTechnology & InnovationReturnsExecutivesMarketing: BroadcastPredictions and ForecastsWalmartData & Insights 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain How Sellers Can Avoid the Holiday Hangover: 4 Steps to Minimize Excess Inventory 2022 was a tough year for retailers and e-commerce sellers. With supply chain snarls around the globe, they’ve struggled to get the products they need. Now that those snarls are easing and products are flowing, sellers face diminishing consumer demand, which poses the threat of inventory sitting around unsold. In a survey of retail executives […] Min Yang January 24, 2023January 24, 2023 3 min read Operations & Supply ChainShoppersHoliday & EventsESG and CSRMarketing: Loyalty & SubscriptionMarketing: SocialConsultingResults & InvestmentThick DataTechnology & InnovationStrategyPartnershipsDeliveryEconomyExecutivesDept. ApparelConsumersAcquisition 0 Saving Bookmark this article Bookmarked
Shopper & Customer Department: Nonfood Corporate Strategy Corporate Finance ESG Media & Marketing Agencies & Vendors Data & Insights Shopper & Customer Trends & External Forces Holiday & Events 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, […] Written by Kelly Pedersen January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Data & Insights Department: Consumer Durables ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Holiday & Events Operations & Supply Chain 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. […] Written by Doorcounts January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Channel: Grocery - Natural Channel: Grocery - Natural Data & Insights Technology & Innovation Stores & Formats Just Walk Out gives Whole Foods stores an edge, data shows The two stores in the chain outfitted with Amazon’s checkout-free technology did better in some ways than nearby locations without the automated system during the second half of 2022, Placer.ai found. Written by Grocery Dive January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Channel: Grocery Department: Food Shopper & Customer Trends & External Forces ShopRite adds online filters to help shoppers choose products and recipes The improvements are intended to help shoppers find products and recipes that meet specific criteria, such as dairy-free, vegan, vegetarian and gluten-free. Written by Grocery Dive January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Department: Nonfood Data & Insights Technology & Innovation 7 online grocery trends for retailers to watch Online grocery shopping is here to stay. Top online grocery trends include AI tools, drone delivery, data security, and ready-made meals. Written by Future of Commerce January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked