Channel: Dollar/Value Dollar General post strong sales gains in first quarter GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […] MMR May 26, 2022May 26, 2022 3 min read Dollar GeneralOperations & Supply ChainShoppersResults & InvestmentEconomyExecutivesMarketing: In StoreTechnology & InnovationPredictions and ForecastsStore LocationSustainabilityDept. ApparelBrick and Mortar 0 Saving Bookmark this article Bookmarked 5
Trends & External Forces 5 Ways Brands Can Stay Competitive In A Recession Economic volatility and uncertainty have become the order of the day. Some forecasters are using the “R” word (recession). Business is always difficult. In good times firms scramble to add capacity and meet demand while fending off the competition that is inevitably attracted to a robust and growing market. In bad times firms struggle to […] Branding Strategy May 26, 2022May 26, 2022 3 min read EconomyShoppersStrategyMarketing: BrandPredictions and ForecastsResults & InvestmentMarketing: In StoreTechnology & InnovationMarketing: SocialSustainabilityCompetitionOperations & Supply ChainConsulting 0 Saving Bookmark this article Bookmarked
Trends & External Forces 5 truths about 2022 summer travel This summer will bear witness to the clash of two great forces affecting the travel industry: the desire for post-lockdown “revenge travel” versus record inflation forcing households to budget more tightly. Luckily for the travel industry, the desire to take a summer vacation will win out, but inflation will affect what summer travel will look […] Mintel May 26, 2022May 26, 2022 < 1 min read EconomyConsumers 0 Saving Bookmark this article Bookmarked
Technology & Innovation UK Facial Recognition Ruling Could Spur Innovation The U.K.’s data-privacy watchdog’s recent $10 million fine on facial recognition company Clearview AI Inc. could spur innovation in the space, including advancements in payments technology, as it “sets clearer ground rules for balancing software innovation with people’s right to privacy,” according to a report in The Wall Street Journal Wednesday (May 25). The Information […] Pymnts.com May 26, 2022May 26, 2022 2 min read Technology & InnovationGovernmentData & InsightsInternational - UKMarketing: SocialDept. NonfoodMeta (Facebook)AI / MLGoogleExecutivesEconomyTech: AIAgencies 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value 3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring Dollar Tree and Dollar General boosted their outlook for the year, noting that shoppers squeezed by inflation will seek cheaper prices. CNBC May 26, 2022May 26, 2022 < 1 min read Dollar TreeDollar GeneralResults & InvestmentShoppersEconomy 0 Saving Bookmark this article Bookmarked
Trends & External Forces Gap shares fall 13% after retailer slashes profit guidance for the year The lower-income consumer, which is Old Navy’s target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC. CNBC May 26, 2022May 26, 2022 < 1 min read ExecutivesTargetShoppersEconomyConsumers 0 Saving Bookmark this article Bookmarked
Corporate Purpose Victoria’s Secret Launches Digital Platform Dedicated to Women and Minority-Owned or Led Brands Victoria’s Secret has launched VS&Co-Lab, a curated digital platform designed to connect shoppers with unique brands and their stories, while bringing their intimates, lifestyle and swimwear products to the forefront. The emphasis will be on brands that align with the retailer’s values of innovation and inclusivity. The collection will feature 19 brands at launch, with […] Retail TouchPoints May 26, 2022May 26, 2022 < 1 min read InclusivityConsumersShoppersPartnershipsAssociatesDept. FreshEconomyTechnology & InnovationSustainability 0 Saving Bookmark this article Bookmarked
Department & Category Dick’s sales decline in the face of 119% growth last year The results indicate a slowdown in consumer demand for the category after stimulus payments last year helped fuel record growth. RetailDive May 26, 2022May 26, 2022 < 1 min read EconomyDept. FuelConsumers 0 Saving Bookmark this article Bookmarked
Trends & External Forces Kohl’s expects lower bids as inflation weighs on consumer purchasing activity Kohl’s is anticipating that initial bids received from prospective buyers may be revised downward based on slowing sales in the face of inflation. The retailer last week cut its full-year earnings forecast coming off a disappointing first quarter. RetailWire May 26, 2022May 26, 2022 < 1 min read EconomyConsumersResults & InvestmentPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Shopper & Customer Klevu report – Majority of UK e-commerce sites’ search engines don’t work 78% of of e-commerce websites in the UK are unable to convert shoppers due to their inability to “understand” natural language and thus, shoppers’ intent, according to a new report from Klevu. This found that over three quarters of the 50 retailers researched delivered zero or irrelevant results when presented with conversational queries. Only 20% […] Retail Technology Innovation Hub May 26, 2022May 26, 2022 2 min read ConsumersShoppersDept. Natural / OrganicInternational - UKMarketing: SocialTwitterThick DataDept. ApparelPricing & PromotionsExecutivesEconomyDept. NonfoodResults & Investment 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Ocado cuts retail sales growth target in half Ocado Group is citing inflation as the reason it has cut its retail sales growth to the low single digits, down from its previous guidance of up 10 percent. The company has a joint venture with Marks & Spencer in the UK. RetailWire May 26, 2022May 26, 2022 < 1 min read OcadoTargetInternational - UKEconomy 0 Saving Bookmark this article Bookmarked
Corporate Finance Worth Reading: How Ecological Collapse Is Inextricably Linked To Capitalism During my conversation with Plastic Bank’s David Katz, above, I reference a piece I read in the Tufts Observer, a student magazine at Tufts University. Written by an impressive young writer named Meghan Smith, it essentially argues that the benchmarks traditionally used in a capitalist society may not be appropriate when grappling with climate change. […] MorningNewsBeat May 26, 2022May 26, 2022 < 1 min read Results & InvestmentConsumersEconomyTargetSustainabilityDept. Natural / Organic 0 Saving Bookmark this article Bookmarked
Corporate Finance SEC Proposes Stronger ESG Transparency For Markets The Wall Street Journal reports that “regulators proposed new disclosure and naming requirements for investment funds that tap into public angst regarding climate change or social justice, in an effort to address concerns about ‘greenwashing’ by asset managers seeking higher fees. “The Securities and Exchange Commission voted Wednesday to issue two proposals that aim to […] MorningNewsBeat May 26, 2022May 26, 2022 2 min read ESG and CSRGovernmentSustainabilityResults & InvestmentDept. FreshInclusivityEconomy 0 Saving Bookmark this article Bookmarked
Department & Category Costco earnings will show if its recession proof Costco is expected to report gains in sales and earnings as its combination of low prices and products for everyday life attract shoppers to its warehouse stores. The chain is further buoyed by its gas stations that offer members savings over market rates. RetailWire May 25, 2022May 25, 2022 < 1 min read Results & InvestmentCostcoEconomyShoppersOperations & Supply ChainDept. FuelBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Restaurants Starbucks Sells Evolution Fresh To Bolthouse Farms Starbucks announced yesterday that it is selling its Evolution Fresh business to Bolthouse Farms. Terms of the deal were not disclosed. The announcement said that “Evolution Fresh is a leading producer of primarily organic, cold-pressed, premium juice products. By joining forces with Bolthouse Farms – the No. 1 super premium refrigerated beverage brand and largest […] MorningNewsBeat May 25, 2022May 25, 2022 2 min read RestaurantsDept. FreshDept. BeverageExecutivesShoppersCustomer ExperienceCustomer ExperienceDept. RefrigeratedDept. Natural / OrganicDept. OTCEconomyHealth & WellnessPartnershipsResults & InvestmentBrick and MortarAssociates 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Nordstrom Shuts Down Trunk Club Shopping Service Nordstrom announced yesterday via email to members of its Trunk Club shopping service that it is closing the service down, effective the end of the month. On its website and in an email, the retailer said: “As a valued Nordstrom Trunk Club customer, we thank you and appreciate your loyalty. “While we will no longer […] MorningNewsBeat May 25, 2022May 25, 2022 2 min read Dept. ApparelShoppersBrick and MortarMarketing: Loyalty & SubscriptionTechnology & InnovationResults & InvestmentMarketing: Direct & PersonalizationExecutivesEconomyAmazon 0 Saving Bookmark this article Bookmarked
Technology & Innovation What Should Retail Look Like in the Metaverse While unusual to many consumers, the Metaverse Fashion Week, known as Decentraland, offered a glimpse into the future. For retail, the metaverse presents the optimal middle ground between the ease and convenience of online shopping and the immersive and tangible enjoyment of physical shopping. The metaverse can be seen as a third layer, a new market or […] Erica Moreti May 25, 2022May 25, 2022 3 min read MetaverseTrends: TechEconomyStrategyConsumersDept. ApparelTechnology & InnovationShoppersData & InsightsBrick and MortarOmnichannelConsultingESG and CSRPhilanthropyPredictions and ForecastsDept. FreshCryptoMarketing: Social 0 Saving Bookmark this article Bookmarked
Channel: Delivery Quick commerce firm Getir set to axe staff and rein in expansion plans Turkish rapid grocery delivery big hitter Getir is gearing up to cut 14% of its staff globally. The company employs some 32,000 people in the nine markets where it operates, which works out to 4,480 people impacted by the downsizing, according to a report by TechCrunch. These are challenging times for the rapid grocery delivery […] Retail Technology Innovation Hub May 25, 2022May 25, 2022 2 min read Q CommerceTechnology & InnovationDeliveryAssociatesMarketing: SocialGopuffTwitterDept. GroceryEconomyFood DeliveryMarketing: TradeOperations & Supply ChainPartnershipsDept. FuelStrategy 0 Saving Bookmark this article Bookmarked
Trends & External Forces Dick’s expects to ‘adapt quickly’ to macroeconomic challenges Dick’s Sporting Goods is expecting sales to slump between two and eight percent this year and earnings per share to come in between $9.15 and $11.70 per share, down from its previous guidance of $11.70 to $13.10. Dick’s president and CEO Lauren Hobart acknowledged the company is facing macroeconomic challenges, including inflation, and expects her […] RetailWire May 25, 2022May 25, 2022 < 1 min read Results & InvestmentExecutivesEconomyDept. Sporting goodsDept. Nonfood 0 Saving Bookmark this article Bookmarked
Trends & External Forces Tap Rising Grocery Prices With These ETFs Rising inflation has pushed the price of groceries to the highest level since May 2009. According to the latest data from Kantar, grocery price inflation surged 7% over the past four weeks, marking the fastest increase in 13 years. The rally was driven by a sharp rise in NASDAQ - Tech May 25, 2022May 25, 2022 < 1 min read EconomyInsight ProvidersData & Insights 0 Saving Bookmark this article Bookmarked
Shopper & Customer Luxury retailers lean on affluent customers to dodge inflation bullet Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S. retail industry in an inflationary environment, thanks to the deep pockets of their customer base. NASDAQ - Commodities May 25, 2022May 25, 2022 < 1 min read ShoppersEconomySustainabilityDept. Apparel 0 Saving Bookmark this article Bookmarked
Trends & External Forces On Several Fronts, Measured Economic Confidence In a number of unrelated stories this morning, there seems to be a consensus that while inflation will be a continuing problem, the economy is in generally good shape, with some level of confidence that there will not be a recession anytime soon. From CNBC: “U.S. consumers are ‘in good shape’ and will keep spending […] MorningNewsBeat May 25, 2022May 25, 2022 2 min read EconomyConsumersExecutivesBest BuyPredictions and ForecastsDept. NonfoodDept. Consumer ElectronicsCOVID19StrategyTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces Dick’s Sporting Goods shares sink after retailer cuts outlook for the year, joining broader retail trend Dick’s cut its financial forecast for the fiscal year, as it contends with high inflation and supply chain problems. CNBC May 25, 2022May 25, 2022 < 1 min read Trends: RetailDept. Sporting goodsDept. NonfoodTrends: FinanceResults & InvestmentPredictions and ForecastsOperations & Supply ChainEconomy 0 Saving Bookmark this article Bookmarked
Trends & External Forces Charts: Impact of Ukraine War on World Economy The war in Ukraine will slow global economic growth and accelerate inflation. That’s according to the new “World Economic Outlook” by the International Monetary Fund. We address in four charts. The post Charts: Impact of Ukraine War on World Economy appeared first on Practical Ecommerce. Practical Ecommerce May 25, 2022May 25, 2022 < 1 min read EconomyData & InsightsInternational 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Ralph Lauren expects sales and margins to improve The luxury consumers who purchase Ralph Lauren are not expected to let inflation slow them down. That’s why the brand forecast higher sales and margins for the year. RetailWire May 25, 2022May 25, 2022 < 1 min read Dept. ApparelConsumersPredictions and ForecastsEconomy 0 Saving Bookmark this article Bookmarked
Trends & External Forces Abercrombie & Fitch got off to a tough start in 2022 Abercrombie & Fitch posted a first-quarter loss of 27 cents a share despite a four percent rise in sales year-over-year. The retailer pointed to the impact of inflation on the cost of goods and freight as the biggest factors for its loss. The company pledged to manage its expenses as the year goes on. RetailWire May 25, 2022May 25, 2022 < 1 min read Operations & Supply ChainEconomy 0 Saving Bookmark this article Bookmarked
Shopper & Customer Tips for Preventing Shopping Cart Abandonment Research indicates that 65 percent of retailers are more likely to sell to existing customers than to new customers, and it costs five times as much to attract new ones than to retain existing ones. It’s a clear challenge to keep and add customers to retail ecosystems. To e-commerce retailers, there are significant costs to […] Isaac Gurary May 24, 2022May 24, 2022 3 min read ConsumersShoppersTechnology & InnovationLegal & CriminalEconomyOperations & Supply ChainDeliveryAcquisitionAmazonData VisualizationBOPISExecutivesMarketing: Loyalty & SubscriptionPartnershipsPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Shopper & Customer Enhancing the Last Mile for Retail Customer Satisfaction Buying goods online is now easier than ever before — but customers expect a smooth shopping experience at every step. The e-commerce industry is growing at a rate of about 20 percent per year. In fact, it’s estimated that this year alone, it will account for $1.0 trillion in the United States. But how often […] Jack Underwood May 24, 2022May 24, 2022 3 min read ShoppersTechnology & InnovationDeliveryStrategyMarketing: Direct & PersonalizationEconomyDept. NonfoodCustomer ExperienceCustomer ExperienceConsumersMarketing: Loyalty & SubscriptionStore LocationCOVID19Dept. FuelExecutivesOperations & Supply ChainBrick and Mortar 0 Saving Bookmark this article Bookmarked
Technology & Innovation Five retail technology questions for Liam Patterson, CEO, Bidnamic RTIH asks major players in the retail technology space for their thoughts on the sector, and throws in a random question to keep them on their toes. This time around, our five questions go to Liam Patterson, Co-Founder and CEO at Bidnamic (pictured above on the left). RTIH: Looking at the hottest retail technologies right […] Retail Technology Innovation Hub May 24, 2022May 24, 2022 2 min read Technology & InnovationMarketing: SocialTwitterDeliveryExecutivesResults & InvestmentAI / MLMetaverseStore LocationDept. NonfoodTrends: TechQ CommerceMarketing: Direct & PersonalizationAmazonOperations & Supply ChainStart UpsShopifyTech: RoboticsPredictions and ForecastsNFTblockchainMarketing: In StoreBrick and MortarGoogleESG and CSREconomyData & InsightsInternational - UK 0 Saving Bookmark this article Bookmarked
Trends & External Forces Best Buy expects to take a hit from inflation Best Buy’s sales fell 8.5 percent during the first quarter and earnings were down as the consumer electronics chain reported a modest increase in inventory. The retailer reduced its forecast for the year, but CEO Core Barry was confident in its future prospects. “Even with the expected slowdown this year, we continue to be in […] RetailWire May 24, 2022May 24, 2022 < 1 min read Best BuyEconomyPredictions and ForecastsResults & InvestmentOperations & Supply ChainExecutivesDept. NonfoodDept. Consumer ElectronicsCOVID19Consumers 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Channel: Dollar/Value Corporate Strategy Corporate Finance Department: Consumer Durables Media & Marketing Shopper & Customer Technology & Innovation Trends & External Forces Operations & Supply Chain Stores & Formats Dollar General post strong sales gains in first quarter GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […] Written by MMR May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Data & Insights Corporate Strategy Department: HBC Media & Marketing Data & Insights Shopper & Customer Trends & External Forces Merchandising CVS to launch virtual primary care solution WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […] Written by MMR May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Retailer Media Corporate Strategy Media & Marketing Retailer Media Data & Insights 22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. Written by Bobsled Marketing May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Corporate Finance Retail Earnings Confuse Rather than Clarify Earnings, and retail earnings in particular, are not as straightforward as they sometimes seem. Written by NASDAQ May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked
Technology & Innovation Partnerships & Alt Profit Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Associates & Employees Merchandising Operations & Supply Chain Stores & Formats Developing a Perfect Store Strategy in 2022 In 2022, the perfect store is rooted in constant evolution — a system that maybe isn’t perfect in every moment, but is agile always, malleable when needed, and capable of critical self-reflection. These innate characteristics of the modern perfect store are supported by, and in return support, the adoption of a few important technologies and […] Written by Dor Sela May 26, 2022May 26, 2022 Saving Bookmark this article Bookmarked