Shopper & Customer Decoding the Language of Luxury For affluent consumers who are ultra-sensitized to luxury brands and their codes of meaning, savoir-faire is the ultimate flex. In some prominent families, purchases and self-presentation trigger complex negotiations between social obligation and self-expression. A perfect example is the age-old tradition of donning your grandmother’s heavy wedding set instead of daring to decline the matriarch’s […] 0 Author Missing March 29, 2024March 29, 2024 3 min read ConsumersStrategyDept. ApparelShoppersESG and CSRAIMarketing: Social MediaMarketing: BrandPackagingPredictions and ForecastsLegal & CriminalExecutivesDept. FreshEconomyDept. Natural / OrganicDept. NonfoodDept. BeverageTechnology & InnovationDept. Grocery 0 Saving Bookmark this article Bookmarked
Trends & External Forces Amazon says it removed over 7M fake goods in 2023 The e-commerce giant, which has long faced scrutiny over counterfeits, said it invested more than $1 billion into fighting fakes last year. RetailDive March 28, 2024March 28, 2024 < 1 min read Legal & CriminalAmazon 0 Saving Bookmark this article Bookmarked
Trends & External Forces Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with U.S. merchants worth an estimated $30 billion that will lower the interchange fees (commonly referred to as swipe fees) that merchants are charged when customers use credit or debit cards. The antitrust settlement is one of the largest in U.S. history, according to Reuters, and […] Retail TouchPoints March 28, 2024March 28, 2024 2 min read Predictions and ForecastsEconomyLegal & CriminalResults & InvestmentMarketing: Social MediaConsumersTechnology & InnovationGovernmentMarketing: UGCShoppersSustainability 0 Saving Bookmark this article Bookmarked
Trends & External Forces LexisNexis Risk Solutions releases new fraud study ATLANTA — LexisNexis Risk Solutions has revealed the findings of the fourteenth edition of its annual LexisNexis True Cost of Fraud Study: Ecommerce and Retail Report – U.S. and Canada Edition. The report, based on a commissioned survey conducted by Forrester Consulting, shows that merchants in the U.S. and Canada incur an average cost of $3.00 […] MMR March 28, 2024March 28, 2024 3 min read Legal & CriminalConsumersShoppersData & InsightsCustomer ExperienceThick DataTrends: FinanceBNPLInternational - North AmericaConsultingCryptoExecutivesMarketing: BrandMarketing: Social MediaStrategyTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces Visa and Mastercard Reach $30B Settlement To Lower Merchant Fees In a significant move aimed at addressing longstanding antitrust concerns, credit card companies Visa and Mastercard, along with associated banks, have reached a monumental $30 billion settlement. RetailWire March 27, 2024March 27, 2024 < 1 min read Legal & CriminalGovernment 0 Saving Bookmark this article Bookmarked
Trends & External Forces Merchants group criticizes proposed ‘swipe’ fee settlement WASHINGTON – A proposed agreement that would reduce “swipe” fees that retailers pay each time a shopper pays with a Visa or Mastercard is “a bad deal for merchants,” according to the Merchants Payments Coalition (MPC), a lobbying group advocating for a more competitive and transparent card system. The coalition is expressing its disappointment with […] MMR March 26, 2024March 26, 2024 2 min read CompetitionGovernmentExecutivesConsumersShoppersLegal & CriminalData & InsightsAssociates 0 Saving Bookmark this article Bookmarked
Department: HBC Virgin Galactic Sued by Boeing Over Trade Secrets Aerospace company Boeing has taken space tourism startup Virgin Galactic to court, alleging theft of trade secrets and failure to cough up $25 million for their collaboration on a new “mothership” to ferry a sightseeing vessel into space. RetailWire March 25, 2024March 25, 2024 < 1 min read Legal & CriminalDept. OTC 0 Saving Bookmark this article Bookmarked
Technology & Innovation How grocers are refining checkout tech Retailers are experimenting with new techniques to make automated payment systems more convenient and less prone to theft. Grocery Dive March 25, 2024March 25, 2024 < 1 min read Technology & InnovationLegal & Criminal 0 Saving Bookmark this article Bookmarked
Trends & External Forces Retail Leaders Weigh in on the FTC’s Proposed Updates to the Green Guides The Federal Trade Commission (“FTC”) is set to release an updated version of its Guides for the Use of Environmental Marketing Claims this year. These “Green Guides” — which haven’t been updated in over a decade — do not have the force of law but provide marketers with guidance on how to make properly substantiated […] TotalRetail March 25, 2024March 26, 2024 3 min read GovernmentSustainabilityInternationalESG and CSRConsumersPartnershipsLegal & CriminalPredictions and ForecastsHealth & WellnessDept. NonfoodDept. Natural / OrganicDept. ApparelOperations & Supply ChainAgencies 0 Saving Bookmark this article Bookmarked
Data & Insights On Stuff. Visual by Gemini Advanced A colleague and friend recently asked a question: Do we own stuff or does stuff own us? His family was in the midst of a career driven move and a lot of the discussion had to do with stuff. Does one sell or rent or keep a home empty. If one […] Rishad Tobaccowala March 24, 2024March 24, 2024 4 min read Technology & InnovationData & InsightsAIMarketing: BroadcastLegal & CriminalGeneral BusinessDept. NonfoodRestaurantsMarketing: Social MediaConsumersESG and CSRDept. Toys & GamesStrategyResults & InvestmentHealth & Wellness 0 Saving Bookmark this article Bookmarked
Trends & External Forces US Sugar Companies Accused of Conspiring To Fix Prices Some of the largest sugar-producing companies in the U.S. are facing antitrust lawsuits. RetailWire March 23, 2024March 23, 2024 < 1 min read Legal & CriminalGovernment 0 Saving Bookmark this article Bookmarked
Data & Insights Elevating your online shopping game (tips and lessons learned) A large number of people can no longer imagine their daily life without online shopping. However, not everyone can boast of a positive online shopping experience. Some say they have been frustrated by process imperfections, product quality, or other financial consequences. Well, it should be noted that all of these experiences mostly occurred because customers […] Retail Technology Innovation Hub March 22, 2024March 22, 2024 3 min read Data & InsightsShoppersPricing & PromotionsMarketing: UGCTechnology & InnovationDeliveryESG and CSRLegal & CriminalMarketing: In StoreMarketing: Social MediaOperations & Supply ChainPredictions and ForecastsResults & InvestmentTargetBrick and Mortar 0 Saving Bookmark this article Bookmarked
Data & Insights Complete brief survey on the impact of retail crime and get entered into prize draw Retail crime – including shop theft, abuse and violence against store owners and their staff – is at record levels and has become a hot topic in the national news agenda over recent months. This week, alarming figures emerged from a second survey conducted by… This story continues at Complete brief survey on the impact […] Talking Retail March 22, 2024March 22, 2024 < 1 min read Thick DataPredictions and ForecastsLegal & CriminalAssociates 0 Saving Bookmark this article Bookmarked
Trends & External Forces DOJ Sues Apple Over Smartphone Monopoly The U.S. Department of Justice has filed a lawsuit against tech giant Apple, alleging monopolistic practices in the smartphone market. RetailWire March 22, 2024March 22, 2024 < 1 min read GovernmentLegal & CriminalTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces Hermès Handbag Class Action Lawsuit Filed in California A class action lawsuit has been filed against luxury brand Hermès, alleging violations of antitrust laws in California. RetailWire March 21, 2024March 21, 2024 < 1 min read GovernmentLegal & Criminal 0 Saving Bookmark this article Bookmarked
Channel: Grocery Kroger to Sell Specialty Pharmacy Business Amid Merger Discussions As it faces regulatory scrutiny over its potential merger with Albertsons, grocery chain Kroger has decided to sell off its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health. In a press release Monday, Kroger said the sale is expected to close in the second half of the year. “As part of our regular […] Marie Albiges March 20, 2024March 21, 2024 < 1 min read KrogerDept. PharmacyMergersRegional GroceryAlbertsons / SafewayAssociatesGovernmentAcquisitionConsumersDivestituresHealth & WellnessBrick and MortarC&S Wholesale GrocersLegal & CriminalOperations & Supply ChainPredictions and ForecastsPress Release 0 Saving Bookmark this article Bookmarked
Trends & External Forces CRN said it shares concerns about tianeptine WASHINGTON — The Council for Responsible Nutrition responded to a letter from U.S. Senator Dick Durbin (D-IL), saying it shared his concerns about the sale of the unapproved drug tianeptine as a dietary supplement, and that it would support legislation enhancing the Food and Drug Administration’s ability to regulate the sale of such products. The […] MMR March 19, 2024March 19, 2024 < 1 min read GovernmentConsumersOperations & Supply ChainLegal & CriminalDept. Grocery 0 Saving Bookmark this article Bookmarked
Channel: Grocery Kroger, Albertsons Fire Back At FTC Kroger and Albertsons have argued in separate legal filings that the federal Trade Commission (FTC) is misguided and flat-out wrong in opposing their $24.6 billion merger. Both retailers contend that the FTC, in suggesting that the deal would give the combined companies an unfair competitive advantage, ignores the fact that they would also be competing […] MorningNewsBeat March 18, 2024March 18, 2024 2 min read KrogerGovernmentRegional GroceryAlbertsons / SafewayAssociatesMarketing: In StoreMergersLegal & CriminalCompetitionTargetAmazonDivestituresCostcoBrick and MortarPredictions and ForecastsWalmart 0 Saving Bookmark this article Bookmarked
Trends & External Forces CRN challenges constitutionality of New York law WASHINGTON — The Council for Responsible Nutrition (CRN), the leading trade association for the dietary supplement and functional food industry, has filed a lawsuit challenging the constitutionality of a recently enacted New York state law that would impose age-based restrictions on the purchase of certain dietary supplements. Passed by the New York legislature and signed […] MMR March 18, 2024March 18, 2024 3 min read ConsumersLegal & CriminalExecutivesHealth & WellnessSustainabilityStrategyPredictions and ForecastsGovernmentDept. NonfoodDept. HBCDept. GroceryBrick and Mortar 0 Saving Bookmark this article Bookmarked
Data & Insights Keys to Success: The 3 Dualities. Successful leaders, teams and companies that endure over the long run seek to find ways to balance, unite and integrate opposing dualities into a harmonic and flexible approach that leverage opposing tendencies without merging or averaging them. Here are three key dualities we should all become masters of managing whether it be personally or for […] Rishad Tobaccowala March 17, 2024March 17, 2024 6 min read Technology & InnovationData & InsightsAILegal & CriminalStreamingResults & InvestmentGeneral BusinessMarketing: Social MediaPredictions and ForecastsMarketing: Digital MediaDept. Toys & GamesDept. NonfoodWeather 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Amazon Ad Program Issues Come To Light The Seattle Times reports that “Amazon has pledged to make fixes to its advertising operation after mistakenly charging online merchants to promote products shoppers couldn’t purchase. “The problem came to light when a seller of advanced gaming computers discovered he was being charged thousands of dollars to advertise merchandise in California even though he had […] MorningNewsBeat March 15, 2024March 15, 2024 2 min read AmazonShoppersCustomer ExperienceTargetLegal & CriminalGovernmentGamingStore LocationPredictions and ForecastsMeta (Facebook)Google 0 Saving Bookmark this article Bookmarked
Trends & External Forces Protecting Your Ideas and Designs as a Product Startup As a product startup, one of your most valuable assets is your intellectual property. This includes any original ideas, designs, or branding elements that set your products apart from others in the market. Without proper protection, these assets are vulnerable to being copied or used by competitors without your permission. In this blog post, we […] Retail Bound March 14, 2024March 14, 2024 3 min read GovernmentPackagingMarketing: BrandStrategyMarketing: In StoreLegal & Criminal 0 Saving Bookmark this article Bookmarked
Media & Marketing Potential US TikTok ban means brands must recognise the importance of diversifying their digital presence The US House of Representatives this week passed a bill that could see TikTok banned in America. It would give the social media giant’s Chinese parent company, ByteDance, six months to sell its controlling stake or the app would be blocked in the US. The bill passed overwhelmingly in a bipartisan vote, and now needs […] Retail Technology Innovation Hub March 14, 2024March 14, 2024 2 min read Marketing: Social MediaTikTokTechnology & InnovationPredictions and ForecastsTwitterESG and CSRStrategyEconomyIndustry Conferences and EventsData & InsightsExecutivesHealth & WellnessConsumersLegal & CriminalBrick and Mortar 0 Saving Bookmark this article Bookmarked
Trends & External Forces How to Ensure Your E-Commerce Site is Compliant With Emerging Privacy Laws Navigating the data privacy landscape these days can be daunting, particularly with the continual emergence of new state and federal regulations. We now have 13 state laws signed, and many others to come online in the next year, not to mention sector-specific laws. These have led to hundreds of lawsuits and enforcement actions. Given that […] Ian Cohen March 13, 2024March 13, 2024 3 min read GovernmentData & InsightsHealth & WellnessConsumersLegal & CriminalStore LocationShoppersCompetitionPredictions and ForecastsVendorsDept. NonfoodExecutivesMarketing: Loyalty & SubscriptionMarketing: PrintOperations & Supply ChainTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Beyond Acquires Zulily, Plans to Revive Brand in Q2 Beyond, Inc. — parent company of Bed Bath & Beyond and Overstock.com — has acquired the intellectual property of defunct flash-sale retailer Zulily, following that platform’s abrupt wind-down of its business in late 2023. Newly appointed Beyond, Inc. Executive Chairman Marcus Lemonis said the acquisition is aimed at strengthening Beyond’s position in the off-price market. Beyond paid $4.5 million in […] Retail TouchPoints March 10, 2024March 10, 2024 3 min read AcquisitionExecutivesShoppersOperations & Supply ChainPredictions and ForecastsBed Bath & BeyondAmazonBankruptcyMarketing: Social MediaResults & InvestmentLegal & CriminalDept. ApparelInsight ProvidersBig DataData & InsightsDept. NonfoodDivestituresESG and CSRMarketing: BrandShopifyStrategySustainabilityTechnology & InnovationVendors 0 Saving Bookmark this article Bookmarked
Trends & External Forces 2024 Brought New PCI Requirements. Hackers Can Help You Keep Up As the average cost of a breach hits $4.45 million, regulatory authorities are driving more industrywide requirements to address growing threats. The critical role payment and financial services play in the global economy means companies in this industry will be some of the first mandated to comply. That’s why it’s no surprise that the Payment […] Retail TouchPoints March 9, 2024March 9, 2024 3 min read Predictions and ForecastsResults & InvestmentLegal & CriminalData & InsightsMarketing: Social MediaEconomyExecutivesMarketing: In StoreVendorsOperations & Supply ChainPartnershipsTechnology & InnovationAssociatesAgencies 0 Saving Bookmark this article Bookmarked
Channel: Grocery Class action lawsuit against Hy-Vee is dismissed Participants in retailer’s retirement plan had alleged they were overcharged Supermarket News March 8, 2024March 8, 2024 < 1 min read Hy-VeeRegional GroceryLegal & Criminal 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
Technology & Innovation AI is more creative than humans? Not so fast. By Doug Stephens A recent study at the University of Arkansas pitted 151 human test subjects against Chat GPT-4 in a series of tests for creativity. Their findings concluded that, on average, GPT-4 produced more creative and useful responses across 4 commonly accepted testing protocols, when compared to responses from human participants. I found this […] Retail Prophet March 8, 2024March 8, 2024 3 min read Technology & InnovationAIChatGPTPredictions and ForecastsAssociatesInternationalGeneral MillsOperations & Supply ChainLegal & CriminalTech: RoboticsTrends: Retail 0 Saving Bookmark this article Bookmarked
Trends & External Forces Merchants oppose delay of Fed action on swipe fees WASHINGTON – More than 60 national and state organizations representing consumers and merchants have called on Congress to reject legislation introduced by Rep. Blaine Luetkemeyer, R-Mo., that would delay the Federal Reserve’s proposal to reduce the regulated rate for debit card swipe fees. “Every day of further delay in the Fed’s consideration of its proposed […] MMR March 7, 2024March 7, 2024 3 min read GovernmentConsumersLegal & CriminalResults & InvestmentData & InsightsAssociates 0 Saving Bookmark this article Bookmarked
Retailer Media Channel: Mass Corporate Strategy Partnerships & Alt Profit Media & Marketing Retailer Media Agencies & Vendors Data & Insights Shopper & Customer Trends & External Forces Kroger Delivers its First-Party Data to the Yahoo DSP Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […] Written by Retail TouchPoints May 2, 2024May 2, 2024 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Technology & Innovation Amazon services outpace retail growth in Q1 The e-commerce giant’s third-party services, advertising, subscriptions and cloud unit generated double-digit revenue increases in the period. Written by RetailDive May 1, 2024May 2, 2024 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Channel: Grocery - Natural Department: Nonfood Corporate Finance Media & Marketing Retailer Media Data & Insights International Technology & Innovation Stores & Formats Amazon tops expectations for revenue, earnings SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […] Written by MMR May 1, 2024May 2, 2024 Saving Bookmark this article Bookmarked
Channel: Grocery Acquisitions, Divestitures & Mergers 5 things top news: Kroger tries to strengthen merger deal The most impactful news in the grocery industry for the week ending April 26 Written by Supermarket News April 30, 2024April 30, 2024 Saving Bookmark this article Bookmarked
Trends & External Forces Department & Category Department: Food Department: HBC Corporate Strategy ESG Technology & Innovation Trends & External Forces Associates & Employees Stores & Formats Walmart to close all 51 health centers BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […] Written by MMR April 30, 2024May 1, 2024 Saving Bookmark this article Bookmarked