Economy

Articles on how the economy is impacting retail.

  1. Channel: Drug

Rite Aid could close hundreds of stores in possible bankruptcy: WSJ

​[[“value”:” The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported. Published Sept. 25, 2023 A Rite Aid storefront. As part of a possible bankruptcy filing, the pharmacy retailer is considering liquidating hundreds of stores. Permission granted by Rite […]
< 1 min read
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  1. Channel: Dollar/Value

Worth Reading:  “The Worst Retail Job in America”

Bloomberg Businessweek has a cover story about Dollar General, which it describes as “America’s most ubiquitous retailer,” with more than 19,000 US locations, “more than Walmart Inc. and Wendy’s Co. combined. Its main competitor, Dollar Tree Inc., has thousands fewer, even after acquiring rival Family Dollar some years back. Dollar General’s stores seem to be […]
2 min read
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  1. Data & Insights

EXCLUSIVE: The 340B Program Reached $54 Billion in 2022—Up 22% vs. 2021

Drug Channels has just obtained new details on the size of the 340B Drug Pricing Program. I couldn’t wait to share the news, hence this special Sunday post. For 2022, discounted purchases under the 340B program reached a record $53.7 billion—an astonishing $9.8 billion (+22.3%) higher than its 2021 counterpart. The difference between list prices […]
2 min read
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  1. Channel: Grocery

Analysis:  Kroger-Albertsons Deal Still In Regulatory Trouble

The financial analysis service Seeking Alpha is out with an assessment of the prospects that the Federal Trade Commission (FTC) will approve Kroger’s proposed $24.6 billion acquisition of Albertsons. In short, Seeking Alpha is dubious, at least in part because of ongoing comparisons of the proposed divestiture of more than 400 stores to C&S Wholesale […]
3 min read
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  1. Trends & External Forces

Your Views:  Wisdom From Frankie Five Angels

Earlier this week I did a FaceTime in which I expressed a certain amazement with stories about how many men spent a lot of time on a regular basis thinking about the ancient Roman empire.  I mentioned that I’m not one of those men – I maybe think about it when watching “Gladiator” and “A […]
6 min read
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  1. Shopper & Customer

Operation Omnichannel: A Seamless and Cohesive Shopping Experience

With the popularity of online shopping, it’s critical for retail brands to have a strong online presence and make their products easily accessible. However, many consumers still prefer an in-store shopping experience. A dual approach capturing all retail channels allows brands to reach the widest possible audience of consumers. For retail brands, the concept of […]
3 min read
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  1. Channel: Delivery

Instacart stock languishes after IPO

Instacart saw its share price erode in the two days following its initial public offering, after it rose 12.7% in its first day of trading on the NASDAQ exchange. The stock settled down to just slightly over its IPO price of $30 per share on Wednesday, its first full day on the exchange, then ranged […]
2 min read
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  1. Corporate Strategy

Zulily Partners With Celebrity Chef Curtis Stone to Take the Stress Out of School Lunch Planning

Last month, online retailer Zulily and Michelin-starred celebrity chef — and dad of two — Curtis Stone (“Iron Chef,” “Top Chef Masters,” “Top Chef Jr.”) teamed up to take the stress out of back-to-school lunchbox planning. The back-to-school season puts a lot of pressure on parents’ wallets, especially at the grocery store, where food prices are increasing. Furthermore, time is […]
< 1 min read
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  1. Trends & External Forces

Conversation with Raj Chetty — Driving Upward Economic Mobility

Raj Chetty, the William A. Ackman Professor of Economics at Harvard University and the Director of Opportunity Insights, joins Scott to discuss research around higher education, specifically how elite universities shape who succeeds in the US. We also hear about broader trends regarding upward economic mobility and the role a child’s environment plays in creating […]
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  1. Holiday & Events

The big chill: Holiday retail sales 2023 expected to slow

Experts predict slow growth in 2023 holiday sales as consumers tighten their belts in a tough economy, but e-commerce will remain a bright spot. Stores are filling with displays of holiday decorations and holiday-themed merchandise as retailers eagerly prepare for the annual shopping surge, but consumers may not be as excited. Forecasts for 2023 holiday […]
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  1. Data & Insights

How AI-Powered and Data-Driven Retailers Can Prosper in Tough Economic Conditions

Rising inflation and changing marketplace trends are among the key concerns of retailers around the U.S., as shoppers not only display unprecedented behaviors but also watch every dollar they spend. This makes it even more difficult for businesses in this space to create compelling marketing campaigns that drive conversions and increase loyalty Shopper Behavior in […]
3 min read
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  1. Channel: Delivery

Instacart Shares Up 12 Percent In First Day of Trading

•  From the Wall Street Journal: “Instacart’s shares jumped in their trading debut, another promising sign for a reawakening IPO market. “Shares of the grocery-delivery company finished their first day of trading at $33.70 on Tuesday on the Nasdaq exchange under the ticker CART, up 12% from the IPO price of $30 a share. “Instacart’s […]
2 min read
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  1. Shopper & Customer

Study:  Uptick In Online Grocery Shopping, Plus High Satisfaction Levels

Acosta Group is out with its annual online grocery shopping study, concluding that there has been “a slight uptick in online grocery shopping over last year, with 55% of grocery shoppers buying groceries online at least some of the time. This upward trend is driven by more consumers who are shopping online regularly but still […]
2 min read
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  1. Shopper & Customer

Restaurant Meals and Meal Components Drive Grocerant Growth

  Ready-2-Eat and Heat-N-Eat fresh prepared food continues to drive top-line sales and bottom-line according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. Restaurants from fast food outlets to fine dining establishments are currying favor with consumers seeking an answer to the age–old question; What’s for Dinner. They are doing that by […]
3 min read
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  1. CPG: Food

General Mills Reports Fiscal 2024 First-quarter Results

MINNEAPOLIS–(BUSINESS WIRE)–General Mills, Inc. (NYSE: GIS) today reported results for the first quarter ended August 27, 2023. “We delivered growth on the top and bottom lines in the first quarter amid an evolving external environment characterized by moderating inflation, stabilizing supply chains, and a resilient but increasingly cautious consumer,” said General Mills Chairman and Chief […]
< 1 min read
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  1. Partnerships & Alt Profit

How Affiliate Marketing Can Transform Your E-Commerce Business on a Tight Budget

How can you grow your e-commerce business without spending more money? Rising inflation, slower economic growth and slashed budgets mean there’s less cash available to invest in marketing activities, but a greater need to gain new customers and increase sales. A brand’s various marketing efforts tend to focus on one part of the consumer purchase […]
2 min read
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  1. Corporate Finance

Soft Surroundings Files for Bankruptcy, Partially Acquired by Coldwater Creek

Women’s apparel retailer Soft Surroundings last week filed for Chapter 11 bankruptcy and announced plans to close all 44 of its stores. The company’s remaining assets have been acquired by Coldwater Creek under the ownership of Newtimes Group, which plans to continue to sell Soft Surroundings’ apparel and accessories online and via catalogs. Soft Surroundings has secured $18 million […]
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  1. Data & Insights

The True Cost of Loyalty: Why it’s Crucial for Retailers to Protect Loyalty Data

Loyalty is big business. In the U.S., research has shown that there are over 3.3 billion loyalty memberships. Programs span across almost all markets, from supermarkets and restaurants to beauty and hospitality. For organizations, a loyalty program that resonates with consumers can set them apart from competitors. Last year, for example, Starbucks told investors that […]
3 min read
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  1. Channel: Delivery

Instacart shares rise 12.7% in NASDAQ debut

    [[“value”:” Newly issued shares of grocery-delivery specialist Instacart rose 12.7% in their debut on the NASDAQ exchange on Tuesday, closing at $33.80. The initial public offering of 22 million shares was priced on Monday at $30 per share, but the stock (listed as CART) hit the market around midday at $42 per share […]
2 min read
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  1. Department & Category

How Occasion Segmentation Powers Growth

Market segmentation is fundamental to marketing. Segmentation is evergreen when it comes to building and managing brands. J.M. Smucker, purveyor of jams, jellies, Jif peanut butter, Folgers coffee, Uncrustables, Carnation evaporated milk and pet food items including Milk Bone dog biscuits and Meow Mix, has just purchase Hostess brand snack foods. Hostess makes Twinkies, Ding […]
5 min read
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  1. Channel: Delivery

Instacart’s Long-Awaited IPO Values Company at $10 Billion

Instacart has made its initial public offering (IPO), pricing its stock at $30 per share and valuing the grocery delivery and technology company at approximately $10 billion. Instacart, which will trade on the NASDAQ under the symbol “CART,” sold 22 million shares in the IPO, with 14.1 million coming from the company and 7.9 million […]
2 min read
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  1. Channel: Delivery

Instacart’s Long-Awaited IPO Values Company at $10 Billion

Instacart has made its initial public offering (IPO), pricing its stock at $30 per share and valuing the grocery delivery and technology company at approximately $10 billion. Instacart, which will trade on the NASDAQ under the symbol “CART,” sold 22 million shares in the IPO, with 14.1 million coming from the company and 7.9 million […]
2 min read
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  1. Department & Category

Chicago Could Open City-Owned Grocery Stores

Fox Business  reports that Chicago Mayor Brandon Johnson is saying that “his administration is exploring a city-owned grocery store as a means of promoting ‘equitable’ access to food, though the plan has drawn criticism from skeptics of a government owned and operated store. “Chicago would become the first major U.S. city to implement a municipally […]
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  1. Associates & Employees

US Retailer Holiday Hiring to Drop to Lowest Level Since 2008

U.S. retailers will hire the lowest number of seasonal workers for this holiday season since 2008, due to increased labor costs and shaky consumer confidence, according to a report by Challenger, Gray & Christmas provided exclusively to Reuters. Retailers are expected to add just 410,000 seasonal jobs this season, according to an analysis of non-seasonally […]
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  1. Shopper & Customer

Creating a personalised shopping experience

[[“value”:” More recently, retailers have begun using beacon technology to create personalised shopping experiences. Credit: Prostock-studio/Shutterstock. In recent years, the retail industry has experienced a challenging environment following unforeseen events and consumers’ lifestyle changes. High inflation and the increased cost of living are limiting consumer spending as shoppers re-evaluate their priorities and cut back on […]
2 min read
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  1. Corporate Strategy

Managing And Growing Product Portfolios

Most firms, and the managers who operate them, seek to grow. Indeed, a review of most CEO letters associated with annual reports, finds growth to be one of the two most frequently identified objectives (the other is cash flow). Growth, or at least well-managed, profitable growth, is important for many reasons. It makes the firm […]
4 min read
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  1. Retail Operations

How RGM Teams Drive Omnichannel Growth DSI

“RGM [revenue growth management] teams have become really essential drivers [of profitability] … they started off as analytic and consultative support, and I think we’re seeing now leaders really moving them forward into a real seat at the table.” — Peter Leech, Managing Director of Retail and Omnichannel Commerce, The Partnering Group (TPG) Brands are […]
10 min read
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Editor’s Choice

  1. Channel: Grocery
  2. Channel: Mass
  3. Department: Adult Beverage
  4. Department: Beverage
  5. Department: HBC
  6. ESG
  7. Partnerships & Alt Profit
  8. Media & Marketing
  9. Retailer Media
  10. Agencies & Vendors
  11. Retail Ecosystem
  12. Data & Insights
  13. Shopper & Customer
  14. Trends & External Forces
  15. Retail Operations
  16. Operations & Supply Chain
  17. Stores & Formats

Hy-Vee launches RedMedia omnichannel retail media network

Hy-Vee launched the full-scale version of its retail media network, called Hy-Vee RedMedia, at the Groceryshop 2023 conference this week in Las Vegas. The West Des Moines, Iowa-based retailer described the platform as a disruptor in the retail media landscape that will connect brands directly with Hy-Vee’s customer base across multiple platforms, including both online […]
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  1. Channel: Delivery
  2. Channel: Ecommerce & Digital
  3. Channel: Grocery
  4. Channel: Grocery - Natural
  5. Department: Food
  6. Acquisitions, Divestitures & Mergers
  7. Corporate Finance
  8. Partnerships & Alt Profit
  9. Shopper & Customer
  10. Start Ups
  11. Technology & Innovation
  12. Trends & External Forces
  13. Associates & Employees
  14. Operations & Supply Chain
  15. Stores & Formats

Instacart stock languishes after IPO

Instacart saw its share price erode in the two days following its initial public offering, after it rose 12.7% in its first day of trading on the NASDAQ exchange. The stock settled down to just slightly over its IPO price of $30 per share on Wednesday, its first full day on the exchange, then ranged […]
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  1. Retailer Media

Retail Media Metrics

#30DaysofRetailMedia | Day 21: Retail Media Metrics Metrics help brand advertisers measure retail media effectiveness. Key performance indicators (KPIs) span the full marketing funnel, as consumers can enter anywhere. Brand advertisers: 🎯 Choose KPIs according to their objectives📊 Measure baseline results for meaningful comparisons🌟 Review their metrics for data insights to optimize their processes and […]
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  1. Holiday & Events
  2. Trends & External Forces
  3. Holiday & Events

The big chill: Holiday retail sales 2023 expected to slow

Experts predict slow growth in 2023 holiday sales as consumers tighten their belts in a tough economy, but e-commerce will remain a bright spot. Stores are filling with displays of holiday decorations and holiday-themed merchandise as retailers eagerly prepare for the annual shopping surge, but consumers may not be as excited. Forecasts for 2023 holiday […]
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