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
Trends & External Forces How to Market Effectively Amid Economic Uncertainty in 2023 Ever since the COVID-19 pandemic, the economy resembles a chaotic rollercoaster ride that we can’t seem to get off. As a result, many companies are tightening their budgets and applying heightened scrutiny to their overall business strategies. An area in particular that’s sometimes the first to go is marketing, but that can actually cause more […] Jason Pampell January 27, 2023January 27, 2023 < 1 min read EconomyCOVID19 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond Defaults On Its Loans The Wall Street Journal reports that “Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer has defaulted on its credit lines. “The home-goods chain said Thursday it received a notice of default from JPMorgan Chase & Co. on Wednesday. The banks are calling for […] MorningNewsBeat January 27, 2023January 27, 2023 < 1 min read Bed Bath & BeyondPartnershipsEconomyBrick and MortarBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Mass Meijer Grocery format debuts with two new stores GRAND RAPIDS, Mich. — Supercenter pioneer Meijer opened its first two Meijer Grocery stores in the Detroit metro area on Friday, introducing a more streamlined, food-focused shopping experience to customers in communities where there is no room for a full-sized Meijer store. “As a company, we’ve opened more than 500 supercenters, neighborhood markets and Meijer […] MMR January 27, 2023January 27, 2023 3 min read MeijerBrick and MortarShoppersDept. GroceryStore LocationPhilanthropyDept. FreshExecutivesDept. RefrigeratedDept. PerimeterPartnershipsDept. BakeryDept. HBCDept. Fresh PreparedDept. DeliMarketing: In StoreTech: CashierlessInclusivityHealth & WellnessDept. NonfoodEconomyDept. PharmacyDeliveryTechnology & InnovationBOPIS 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS, Walmart to cut pharmacy hours amid labor concerns NEW YORK — CVS Health and Walmart said they will be reducing pharmacy hours to address the ongoing pharmacist shortage, The Wall Street Journal reported Friday. CVS plans to cut or shift operating hours at about two-thirds of its 9,000-strong U.S. network in March, while Walmart intends to close most of its nearly 4,600 stores two […] MMR January 27, 2023January 27, 2023 < 1 min read Dept. PharmacyCVSAssociatesWalmartBrick and MortarWalgreensStrategyHealth & WellnessEconomy 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
Trends & External Forces Walmart-owned Sam’s Club plans to open about 30 new stores over next five years [[ Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to open in Florida in 2024. Sam’s Club also plans to open five fulfillment and distribution centers this year, with the […] CNBC January 27, 2023January 27, 2023 4 min read Brick and MortarWalmartCostcoData & InsightsOperations & Supply ChainEconomyCOVID19Dept. FuelAssociatesDept. GrocerySams ClubShoppersBOPISBed Bath & BeyondBJ’s Wholesale ClubDept. BeverageDept. PetPackagingDept. NonfoodCompetitionDeliveryDept. Fresh PreparedDept. FreshTechnology & InnovationExecutivesOwned Brands (Private Label)Predictions and ForecastsDept. Paper 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
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
Trends & External Forces Sweatcoin steps up personalisation with MoEngage Crypto-rewards health & fitness app, Sweatcoin, steps up personalisation with MoEngage. Sweatcoin, the step counting app that pays customers to get active by converting their steps into currency, has partnered with MoEngage, the leading insights-led customer engagement platform, to enhance customer engagement as it fuels the growth of its Movement Economy. Sweatcoin is a new breed of […] Modern Retail January 27, 2023January 27, 2023 < 1 min read ShoppersInternational - UKHealth & WellnessEconomyCryptoData & Insights 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
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
Department: Consumer Durables Foot Locker Cuts Corporate Staff, Closing Sidestep Banner Foot Locker is making cuts to its staff and store fleet as it looks to trim costs under new leadership. The footwear retailer on Thursday announced that it would eliminate an undisclosed number of “corporate and support roles,” which the company expects to account for about $18 million in cost savings on an annualized basis starting […] Joe Keenan January 26, 2023January 26, 2023 < 1 min read Dept. ApparelAssociatesBrick and MortarMarketing: Loyalty & SubscriptionOmnichannelEconomyExecutivesMerchandisingStrategyGovernmentTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces Five States Reduce Grocery Taxes To Lessen Impact of Inflation From the Washington Times: “A growing number of states have cut grocery taxes to relieve working Americans struggling with runaway inflation. “Five of the 13 states that taxed groceries last year — Kansas, Idaho, Illinois, Tennessee and Virginia — have since passed laws reducing their cut from supermarket transactions. That cut ranges from 4% to […] MorningNewsBeat January 26, 2023January 26, 2023 2 min read GovernmentEconomyDept. GroceryConsumers 0 Saving Bookmark this article Bookmarked
Department: Food Sales Up, Volume Down In 2022 Organic Produce Sales “Organic fresh produce sales grew by 3 percent in 2022, while volume declined by –3.7 percent, as total sales topped $9.4 billion for the year,” according to the 2022 Organic Produce Performance Report released today by Organic Produce Network and Category Partners. “Total fresh produce sales gained 7.3 percent in dollars for the year but […] MorningNewsBeat January 26, 2023January 26, 2023 < 1 min read Dept. FreshHealth & WellnessDept. Natural / OrganicDept. PerimeterPartnershipsEconomyConsumersShoppers 0 Saving Bookmark this article Bookmarked
Trends & External Forces Prices remain high even as inflation cools The annual rate of inflation has dropped for six consecutive months, but prices still remain substantially higher than a year ago. Some goods, notably eggs, have been hit with continually rising prices, well above the inflation rate. RetailWire January 26, 2023January 26, 2023 < 1 min read EconomyDept. Dairy 0 Saving Bookmark this article Bookmarked
Shopper & Customer 3 Ways Retailers Can Unlock New Levels of Customer Engagement in 2023 The beginning of the year is a time of great momentum and in the ever-evolving retail industry, you must always be prepared for what’s coming down the pipeline. In the past few years, I’ve seen a significant shift in retailers using technology to create more meaningful and personalized engagement strategies to inspire consumers to take […] Catherine Tabor January 25, 2023January 25, 2023 3 min read ShoppersTechnology & InnovationData & InsightsPartnershipsMarketing: Direct & PersonalizationConsumersMarketing: Loyalty & SubscriptionCustomer ExperienceAssociatesEconomyCompetitionExecutivesDept. NonfoodStrategy 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
Associates & Employees Walmart Raises Wages For All Hourly US Employees Walmart said yesterday that it is raising wages for all hourly workers in the US, a reflection of a continuing reality for retailers – front line staff shortages that are having an operational impact. In a memo to all US employees, John Furner, president and CEO, Walmart U.S., announced four ways in which he said […] MorningNewsBeat January 25, 2023January 25, 2023 3 min read AssociatesWalmartEconomyTechnology & InnovationData & InsightsBrick and MortarConsumersDept. NonfoodExecutivesGoogleOperations & Supply ChainDept. ApparelAmazon 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
Trends & External Forces Sales kickoff: Top 5 SKO themes motivating sellers in 2023 Faced with a sinking economy, what are companies doing to pump up their sales teams? Find out the top themes for sales kickoffs in 2023. Future of Commerce January 25, 2023January 25, 2023 < 1 min read EconomyDept. Fuel 0 Saving Bookmark this article Bookmarked
Trends & External Forces Charts: 2023 Economic Outlook of U.S., Global Execs Executives in the U.S. and worldwide are mostly gloomy about the broader economy but optimistic about their own companies. We tell the story in four revealing charts. The post Charts: 2023 Economic Outlook of U.S., Global Execs appeared first on Practical Ecommerce. Practical Ecommerce January 25, 2023January 25, 2023 < 1 min read EconomyExecutivesData & Insights 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 2023 PR Predictions We don’t exactly have a crystal ball to look into the future of PR, but we can make educated guesses based on our experiences and analysis. Here is our 2023 PR trends forecast: AFFILIATE MARKETING The gift guide climate really evolved this year with affiliate links and/or major online retailer availability becoming a requirement for […] Retail Bound January 25, 2023January 25, 2023 6 min read MetaverseMarketing: SocialPredictions and ForecastsTrends: TechEconomyAssociatesConsumersDept. ApparelTech: AR and VRCryptoNFTESG and CSRInternationalPartnershipsTargetShoppersPodcastsGoogleInclusivityTikTokMarketing: In StoreMarketing: UGCMeta (Facebook)Acquisition 0 Saving Bookmark this article Bookmarked
Trends & External Forces Discount banners, inflation drive Metro sales in Q1 Online sales also grew 40% as company sees benefits from third-party delivery Supermarket News January 24, 2023January 24, 2023 < 1 min read EconomyDelivery 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