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  1. Channel: Delivery

Instacart Makes Next Big Play For Retailers’ Business

Delivery service Instacart announced yesterday what it called the “first phase of the company’s next-generation fulfillment initiative designed to bring automated technology solutions to retailers across the U.S. and Canada,” saying that it will work with automation partner Fabric to build warehouses for its retail partners, using them to make the fulfillment process more efficient […]
2 min read
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  1. Operations & Supply Chain

Is Uber the Next UPS?

As Uber continues to build out its logistics business, Uber Freight will acquire Transplace for $2.25 billion, including up to $750 million in Uber Technologies common stock with the remainder in cash from TPG Capital. . The combined companies will seek to combine Uber Freight’s network of digitally-enabled carriers with the Transplace shipper technology and […]
3 min read
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  1. Technology & Innovation

Circle K to Deploy 700+ Bitcoin ATMs at Locations Across the U.S.

Circle K is rolling out a network of bitcoin ATMs at 700 of its locations across the U.S. and Canada in an exclusive partnership with Bitcoin Depot. Bitcoin ATMs have already been installed at Circle K stores in 30 states. Bitcoin Depot ATMs are kiosks that enable users to exchange cash for immediate access to […]
2 min read
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  1. Channel: Marketplace

Why Online Marketplaces are Outpacing Ecommerce in a Post-COVID World

Consumer shopping habits have shifted irreversibly towards ecommerce in the past two years. For many, every day has become a holiday as new packages arrive from their favorite online retailers. One surprising aspect of this shift is how retailers have adapted their businesses in response. According to Mirakl’s Enterprise Marketplace Index (“the Index”), while traditional […]
4 min read
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  1. Channel: Dollar/Value

Dollar General opens new distribution center

WALTON, Ky. —Dollar General celebrated the grand opening of a distribution center in Walton, Ky., on Tuesday. The facility represents a nearly $65 million investment and is expected to create 300 new jobs and support more than 800 Dollar General stores at full capacity. “We are excited to celebrate our Walton distribution center grand opening […]
2 min read
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  1. Trends & External Forces

Your Views: Choosing A Lane

We had a story yesterday about how Amazon is likely to double its e-grocery sales in the next five years, leading one MNB reader to write: Just a short example of Amazon power. I needed a figurine light replacement. Could find it at the local Lowes for $4.19 My wife found it on Amazon for […]
5 min read
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  1. Data & Insights

Successful Retail Marketing Requires a Skilled ‘Data Translator’

Mastering data is critical for retailers, particularly those serving specialty areas. The ability to reach consumers at the moments in time when they’re likely to make — or at least consider — key purchase decisions is the ultimate marketing challenge. This was especially true when COVID-19 accelerated triggers resulting from life events that motivated more people to […]
4 min read
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  1. Shopper & Customer

Record back-to-school season expected

WASHINGTON – Consumers plan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “The pandemic forced parents and their school-aged children to quickly adapt to […]
3 min read
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  1. Technology & Innovation

Forecasting In Uncertainty: US Tech Market Outlook Improves To 7.4% Growth In 2021

The US tech market outlook has turned more positive. More people in the US have been vaccinated, businesses are starting to welcome employees back into the office, stores and restaurants have fully reopened, and the US economy is now projected to grow by 6% in 2021. Forrester’s previous report on the US tech market overall […]
< 1 min read
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  1. Stores & Formats

Retail sales rose in June

U.S. retail sales rose by 0.6 percent in June as consumers left their homes to shop in stores. “(Retail) sectors that were buoyed by the pandemic are slowing down a little bit, but not to a degree that I’d be concerned about,” said Felipe Chacon, an economist at Square. “Household finances have been bolstered by […]
< 1 min read
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  1. Trends & External Forces

Retail sales rebound in June

WASHINGTON — Retail sales grew in June after dipping month-to-month in May, in a sign that the industry is benefiting from an improving economy. Retail sales rose 0.6% in June, according to the U.S. Commerce Department, which also revised data for May to show sales falling 1.7% instead of declining 1.3% as previously reported. Many […]
3 min read
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  1. Acquisitions, Divestitures & Mergers

Eddie Bauer Aims to ‘Eliminate Barriers to the Outdoors’ with New Rental Program

Eddie Bauer is following the lead of other top retailers and getting into the rental business with the launch of a new program that will allow customers to rent its technical apparel and gear at “a fraction of the full retail price.” In the outdoor category, Eddie Bauer is a bit late to the game […]
2 min read
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  1. Trends & External Forces

Former Best Buy CEO says happiness is paying more taxes

Hubert Joly is credited with turning Best Buy around after joining the consumer electronics retailer in 2012. His humanistic and empathetic approach to leadership is credited with helping to make necessary cultural changes at the company that led to its success during and after his tenure. Now, Mr. Joly is looking to do something similar […]
< 1 min read
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  1. Technology & Innovation

Corporate Leaders: Do your Words fit your Culture and Values?

Work culture matters. Now more than ever. The past year has been a lesson in patience and fortitude as we’ve braved a global pandemic, bracing revelations about systemic injustice and some of the most divisive politics in our country’s history. It’s also made clear just how much of an opportunity — and obligation — we […]
4 min read
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  1. Trends & External Forces

Pent up demand and $300 monthly checks to add up to good news for retail

Parents of 90 percent of American children will begin receiving monthly checks of up to $300 per month, per child, between July and December. This newfound money will enable lower and middle-income consumers to make purchases they might not normally make. Analysts at Cowen expect that the child credits will be renewed past December, adding […]
< 1 min read
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  1. Data & Insights

8 Surefire Ways to Improve Customer Satisfaction

A business’s success mainly relies on its customers. A satisfied client base means a good reputation and more business in the future. Customer satisfaction can make or break your business, making it one of the most important things that business owners should constantly monitor. As a business owner, it’s vital to understand your customers. This […]
5 min read
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  1. Corporate Strategy

3 Requirements For Resilient Business Strategy

On the high seas, 64% of ship sinkings are due to a single phenomenon. They’re not caused by mechanical defects, nor crew error, but by “rogue waves.” These monsters, which can tower over 100 feet tall, form under certain nautical conditions and when large waves combine to magnify their strength. They can swamp even large […]
3 min read
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  1. Channel: Mass

Walmart’s Private Brand Teas are Now Sustainably Sourced

This post was originally written by Silvia Azrai Kawas, Vice President, Private Brands Food for Walmart, and published on the retailers Walmart Newsroom blog. Tea is the second-most consumed beverage in the world. It trails only water in popularity, which is important to note, because its ubiquity has far-reaching consequences for farmers, communities and people […]
3 min read
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  1. Data & Insights

Preparing for the Unknown: Effectively Using Data to Predict this Year’s Holiday Trends

Nothing about 2020 was normal — in fact, for many retailers, the phrase ‘hindsight is 2020’ is one they should reconsider using.   However, in the midst of all the challenges the year brought, the retail trends we saw last holiday season won’t just be a change in what’s been a norm — instead, they’ll […]
4 min read
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  1. RetailWIt QuickWit

Daily QuickWit (7/22) – Top Retail News of the Day

Here’s what was interesting in Retail today: Coca-Cola spurs 42% revenue growth (now $10.1B) after returning to pre-pandemic marketing spend (which doubled YOY). They invested in innovation, quality, and targeted allocation with their increased spend and beat earnings and revenue expectations in Q2. Target, Bed Bath and Beyond Open Doors To Third-Party Boutiques. The Store-within-a-store […]
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  1. RetailWIt QuickWit

Daily QuickWit (7/20) – Top Retail News of the Day

Here’s what the RetailWit crew is reading today: Salesforce projects retailers will pay extra for goods in the second half—to the tune of $223B (+62%) YOY. It’s expected to come from a staggering increase in logistics (+$163B), suppliers (+$12B), and wage expenses (+$48B). Uber partners with Albertsons to expand grocery delivery. It is their biggest […]
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