Trends & External Forces In Evolving Industry Landscape, Changes in Big-Box Retail Tell a Fascinating Story At a time when the commercial real estate landscape is evolving with unprecedented speed, changes in big-box retail are an important storyline. Appreciating how and why big-box concepts have thrived in a post-pandemic environment, and understanding the logic behind decision making with regard to everything from store layouts to merchandising, is an important first step […] 0 Author Missing March 29, 2024March 29, 2024 3 min read ConsumersBrick and MortarPredictions and ForecastsBOPISCOVID19Operations & Supply ChainWalmartStore LocationAmazonAssociatesMarketing: In StoreCostcoEconomyDept. NonfoodRestaurantsMerchandisingMarketing: Loyalty & SubscriptionSustainabilityInclusivityHoliday & EventsDept. Sporting goodsDept. HBCTargetTechnology & InnovationExecutives 0 Saving Bookmark this article Bookmarked
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 ACS responds to the Low Pay Commission remit for 2024 ACS has responded to the publication of the Low Pay Commission’s new remit for 2024, calling for the LPC to have more discretion over wage recommendations to account for economic shocks and changes in the labour market and business confidence. In 2024, the National Living… This story continues at ACS responds to the Low Pay […] Talking Retail March 28, 2024March 28, 2024 < 1 min read Predictions and ForecastsEconomy 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
Data & Insights How AI and Automation Will Transform E-Commerce Operations Online retail and e-commerce providers are struggling to meet shopper expectations amidst ongoing inflation, higher costs and lingering supply chain woes. A new independent survey that queried nearly 2,000 global shoppers found that 88 percent of U.S. and 79 percent of U.K. shoppers said that online retailers delivered poor experiences at least once in the […] 0 Author Missing March 28, 2024March 28, 2024 4 min read AITechnology & InnovationShoppersOperations & Supply ChainData & InsightsPricing & PromotionsMarketing: Direct & PersonalizationConsumersCustomer ExperienceDeliveryMarketing: TradePredictions and ForecastsHoliday & EventsStrategyMarketing: Loyalty & SubscriptionOmnichannelDept. NonfoodReturnsAmazonTrends: TechESG and CSRGoogleMarketing: UGCOwned Brands (Private Label)Thick DataEconomy 0 Saving Bookmark this article Bookmarked
Technology & Innovation Devesh Mishra Appointed President of CoreAI at Keystone NEW YORK, NY — Keystone announced today the appointment of Devesh Mishra as President and Chief Product and Technology Officer of CoreAI, marking a significant step toward the company’s objective to lead in innovation in artificial intelligence. Mr. Mishra, whose illustrious career spans over two decades in the tech industry, brings a wealth of experience […] Bigtechnology March 27, 2024March 27, 2024 3 min read Technology & InnovationAIData & InsightsOperations & Supply ChainAmazonExecutivesEconomyPredictions and ForecastsStrategyQ CommerceConsumersCompetitionGovernmentPepsiCoPricing & PromotionsAssociatesMarketing: In StoreInternational - UKConsultingAgencies 0 Saving Bookmark this article Bookmarked
Trends & External Forces Drug Channels News Roundup, March 2024: My $0.02 of CarelonRx/Kroger & CVS, Provider-Owned Pharmacies, Shady AFPs, 340B Deception, and Lilly’s GLP-1 Ad It’s finally spring in Philadelphia, home of Drug Channels. Along with sunshine and fine weather, the vernal equinox has ushered in a crop of new and noteworthy stories: What the CarelonRx/Kroger specialty pharmacy deal means for CVS Health Provider-owned specialty pharmacies expand in Medicare Payers are not keen on shady alternative funding programs (AFP) Hospitals’ […] Drug Channels March 26, 2024March 26, 2024 2 min read Predictions and ForecastsMarketing: Social MediaCVSKrogerData & InsightsWeatherMeta (Facebook)KraftHeinzHealth & WellnessEconomyDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Channel: Grocery ALDI to add 800 stores over five years BATAVIA, Ill. — ALDI, a retailer already known for its rapid growth, has unveiled plans to increase its store count by 800 locations across the country by the end of 2028. The ambitious five-year expansion plan involves opening new stores and converting existing ones. As part of this expansion effort, ALDI announced that it has […] MMR March 26, 2024March 26, 2024 2 min read Regional GroceryAldiBrick and MortarSoutheastern GrocersAcquisitionPredictions and ForecastsConsumersExecutivesShoppersOperations & Supply ChainMarketing: Retail MediaInsight ProvidersBig DataHealth & WellnessEconomyDept. Natural / OrganicDeliverydunnhumbyStrategy 0 Saving Bookmark this article Bookmarked
Channel: Marketplace The online gloves are off: BigCommerce CEO Brent Bellm slams “baseless” Shopify total cost of ownership claims Brent Bellm, Chief Executive Officer at BigCommerce, has taken to social media to hit out at e-commerce rival Shopify. Last week, the latter flagged up a study claiming that it has the best total cost of ownership in commerce. “We are better value because where our competitors put their complexity onto the backs of their […] Retail Technology Innovation Hub March 25, 2024March 25, 2024 3 min read ShopifyMarketing: Social MediaBigCommerceTechnology & InnovationTwitterPredictions and ForecastsExecutivesCompetitionData & InsightsSustainabilityDept. NonfoodConsultingEconomyESG and CSRInsight ProvidersFlagship StoresMarketing: In StoreBrick and MortarQ CommerceResults & Investment 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar Tree retrenching after disappointing Q4 CHESAPEAKE, Va. — Dollar Tree Inc. reported disappointing quarterly earnings and offered a downbeat outlook on March 13 and announced plans to shutter about 1,000 stores, nearly all of which operate under its Family Dollar banner. As part of an ongoing portfolio review, company executives have identified some 600 Family Dollar stores to close in […] MMR March 25, 2024March 25, 2024 2 min read Dollar TreeBrick and MortarFamily DollarExecutivesResults & InvestmentStore LocationDept. RefrigeratedGovernmentDept. GroceryDollar GeneralEconomyInternational - North AmericaMerchandisingPredictions and ForecastsConsumersStrategy 0 Saving Bookmark this article Bookmarked
Technology & Innovation Target poised for renewed growth MINNEAPOLIS — Target Corp. achieved stunning profit growth in fiscal 2023 despite continued soft sales that ameliorated somewhat over the second half. Looking to the future, management expects to reignite growth by reinforcing, refining and enhancing the strengths that have driven top- and bottom-line expansion for the retailer over the past decade. No strategic reset […] MMR March 25, 2024March 25, 2024 4 min read Technology & InnovationAITargetConsumersExecutivesResults & InvestmentBrick and MortarShoppersStrategyCOVID19ReturnsStore LocationESG and CSRPredictions and ForecastsMarketing: Loyalty & SubscriptionDept. BeverageOperations & Supply ChainMarketing: BrandDeliveryDept. FreshDept. GroceryDept. HBCDept. PerimeterPartnershipsPricing & PromotionsEconomy 0 Saving Bookmark this article Bookmarked
Shopper & Customer Circana: Consumers settle into new spending patterns CHICAGO — U.S. retail sales revenue in February remained flat in the discretionary general merchandise and consumer packaged goods categories and units declined 1% compared to the same month last year, according to. Circana. Discretionary general merchandise spending declines continued at the newly established levels, with 5% dollar and 4% unit sales declines compared to […] MMR March 25, 2024March 25, 2024 2 min read ConsumersDept. BeverageDept. GroceryEconomyDept. ApparelDept. NonfoodDept. PetDept. Sporting goodsESG and CSRGovernmentRestaurantsDept. PaperTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces Two firms say Foot Locker wins from a strategy shift at Nike. We’re not so sure A couple of Wall Street upgrades helped lift FL shares nearly 6% Monday to roughly $25 apiece. CNBC March 25, 2024March 25, 2024 < 1 min read StrategyDept. ApparelEconomy 0 Saving Bookmark this article Bookmarked
Shopper & Customer Gen Z Grocery Shopping More Like Grandpa There is nothing like starting off a new blog with a quote from William Shakespeare. Well, here we go, “What’s past is prologue”. We are talking today about Gen Z grocery shopping habits and those of their grandparents, baby boomers. According to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® in his […] Grocerant Guru March 25, 2024March 25, 2024 3 min read International - UKConsumersData & InsightsDept. GroceryShoppersMarketing: In StoreDept. NonfoodBrick and MortarDept. ApparelCustomer ExperienceEconomyPricing & PromotionsMarketing: TradeResults & InvestmentTechnology & InnovationThick Data 0 Saving Bookmark this article Bookmarked
International Easter Egg sales slide amid inflation and HFSS rules Easter egg sales have plummeted by 12%, as inflation and HFSS legislation melts confectionery performance across four major British supermarkets, new data shows. Analysis by retail data experts Reapp reveals chocolate eggs have dropped by over 600,000 units sold in the buildup to Easter, equating… This story continues at Easter Egg sales slide amid inflation […] Talking Retail March 25, 2024March 25, 2024 < 1 min read Holiday & EventsEconomyData & InsightsPredictions and ForecastsInternational - UKDept. DairyDept. Bakery 0 Saving Bookmark this article Bookmarked
Trends & External Forces The Friday Checkout: Grocers have leveraged inflation to drive profits, FTC says Large food retailers have taken advantage of their size to consolidate their market power, the agency said in a report issued Thursday. Grocery Dive March 23, 2024March 23, 2024 < 1 min read GovernmentEconomyMarketing: In StoreDept. Grocery 0 Saving Bookmark this article Bookmarked
Shopper & Customer Progressive Grocer’s 75th Consumer Expenditures Study is Insightful Insights of consumers are a tool that every marketing team can benefit from. In the case of Progressive Grocer, they go directly to shoppers to explore not only what they’re buying in supermarkets, but also why they’re making certain decisions. In a great article by Jenny McTaggart the insights are easy to absorb. Steven […] Grocerant Guru March 22, 2024March 22, 2024 12 min read ShoppersConsumersDept. GroceryDept. FreshIndustry Conferences and EventsData & InsightsBrick and MortarSustainabilityDept. NonfoodDept. PerimeterHealth & WellnessEconomyDept. BakeryDept. DairyThick DataMarketing: PrintMarketing: In StoreOwned Brands (Private Label)Predictions and ForecastsDept. BeverageBOPISDept. RefrigeratedRestaurantsDept. Toys & GamesDept. OTCDept. PetCOVID19Dept. BabyWalmartKrogerMarketing: Loyalty & SubscriptionStore LocationStrategyDeliveryMarketing: TradePhilanthropyPackagingMerchandisingResults & InvestmentMarketing: ShopperDept. HBCDept. LaundryTechnology & InnovationPricing & PromotionsDept. Natural / Organic 0 Saving Bookmark this article Bookmarked
Department & Category McDonald’s Franchisees Grapple With Minimum Wage Hike As California gears up for a substantial minimum wage increase for fast-food workers, franchise owners like Kerri Harper-Howie find themselves caught in the crossfire of economic tensions. RetailWire March 22, 2024March 22, 2024 < 1 min read EconomyDept. GroceryAssociates 0 Saving Bookmark this article Bookmarked
Shopper & Customer Tailor Brand Actions to 4 Shopper Types to Drive Purchases When making key decisions about brand positioning and activation opportunities, brand leaders must pay close attention to the factors that influence audience buying behaviors. Brand leaders must leverage shopper mindsets to create powerful brand strategies, from messaging to channel strategy. In a Gartner survey, over 2,000 U.S. consumers were asked about traits that described the […] Anna Maria Virzi March 21, 2024March 21, 2024 3 min read ConsumersShoppersInsight ProvidersThick DataCustomer ExperienceTechnology & InnovationMarketing: UGCInternational - UKMarketing: TradePackagingBig DataEconomyMarketing: In StoreDept. HBCData & InsightsTargetStrategyPricing & PromotionsPredictions and ForecastsMarketing: Social MediaBrick and Mortar 0 Saving Bookmark this article Bookmarked
Trends & External Forces Mark Cuban: Five Ways that Big PBMs Hurt U.S. Healthcare–And How We Can Fix It Today’s guest post comes from Mark Cuban, co-founder of the Mark Cuban Cost Plus Drug Company A few weeks ago, Mark participated in the White House Roundtable on Lowering Healthcare Costs and Bringing Transparency to Prescription Drug Middlemen. I found Mark’s comments to be intriguing and highly provocative, so I invited him to publish an […] Drug Channels March 21, 2024March 21, 2024 2 min read Predictions and ForecastsHealth & WellnessMarketing: Social MediaData & InsightsShoppersMeta (Facebook)Economy 0 Saving Bookmark this article Bookmarked
Shopper & Customer NRF: ‘Resiliency of Consumers’ will Drive Retail Sales Growth in 2024 The National Retail Federation (NRF) projects that U.S. retail sales for 2024 will increase by 2.5% to 3.5% compared to the previous year, totaling between $5.23 and $5.28 trillion. That’s slightly less than the 3.6% increase seen in 2023, which saw sales reach $5.1 trillion, but it’s in line with the 10-year pre-pandemic average annual […] Retail TouchPoints March 21, 2024March 21, 2024 2 min read ConsumersPredictions and ForecastsEconomyMarketing: Social MediaExecutivesCOVID19Associates 0 Saving Bookmark this article Bookmarked
Trends & External Forces Marketers bullish on generative AI’s potential to boost the creator economy Three quarters of marketers plan to increase their investment in generative AI creator content this year, according to a report from Billion Dollar Boy. MarketingDive March 21, 2024March 21, 2024 < 1 min read EconomyTechnology & InnovationAIResults & Investment 0 Saving Bookmark this article Bookmarked
Trends & External Forces Food inflation falls to lowest annual rate since January 2022 The latest CPI inflation figures from the ONS show headline inflation falling to 3.4% and food inflation falling 1.9 percentage points to 5.0%. The February figure for food and non-alcoholic beverages is the lowest annual rate since January 2022. The rate has eased for the… This story continues at Food inflation falls to lowest annual […] Talking Retail March 21, 2024March 26, 2024 < 1 min read EconomyDept. GroceryPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Trends & External Forces NRF forecasts retail sales to reach at least $5.23 trillion in 2024 WASHINGTON – The National Retail Federation today forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. The announcement was made during NRF’s fourth annual State of Retail & the Consumer virtual discussion on the health of American consumers and the retail industry. “The resiliency of consumers continues […] MMR March 20, 2024March 21, 2024 2 min read ConsumersPredictions and ForecastsEconomyData & InsightsAssociatesWeatherGovernmentCOVID19Dept. FuelExecutivesHealth & WellnessHoliday & EventsMarketing: BrandMarketing: Social MediaRestaurantsAI 0 Saving Bookmark this article Bookmarked
Shopper & Customer Jeff Needham receives CHPA’s Lifetime Achievement Award AMELIA ISLAND, Fla. – The Consumer Healthcare Products Association (CHPA) awarded its Ivan D. Combe Lifetime Achievement Award to longtime industry leader Jeff Needham at the opening session of its annual Self-Care Leadership Summit (SLS)today in Florida. The Combe Award is the highest honor bestowed by the U.S. consumer healthcare industry. It recognizes the outstanding work and contributions of individuals whose lifetime of achievements […] MMR March 19, 2024March 19, 2024 3 min read ConsumersHealth & WellnessExecutivesData & InsightsOwned Brands (Private Label)Dept. HBCDept. OTCAmazonPredictions and ForecastsMergersEconomyInternational - UKPartnershipsTechnology & InnovationGovernmentWalmart 0 Saving Bookmark this article Bookmarked
Trends & External Forces NOW AVAILABLE: The 2024 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers I am pleased to announce our new 2024 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers, available for purchase and immediate download. Download a free report overview (including key industry trends, the Table of Contents, and a List of Exhibits) HMP Global’s Drug Channels Institute releases ‘2024 Economic Report on U.S. Pharmacies and Pharmacy […] Drug Channels March 19, 2024March 19, 2024 3 min read Predictions and ForecastsDept. PharmacyEconomyData & InsightsMarketing: Social MediaPress ReleaseMeta (Facebook) 0 Saving Bookmark this article Bookmarked
Department: Food Meat is still on the menu for Americans, study finds WASHINGTON — The number of Americans who describe themselves as meat eaters (80%) and the number of households that purchase meat (98%) remain steady from 2023, while the number seeking to decrease meat consumption has fallen by 20% since 2020, according to the 19th annual Power of Meat report released on Monday by the Meat […] MMR March 19, 2024March 19, 2024 2 min read Dept. FreshConsumersShoppersDept. NonfoodRestaurantsDept. GroceryHoliday & EventsHealth & WellnessData & InsightsUnileverEconomyExecutivesStrategySustainabilityTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces Ballooning credit card balances already loom over 2024’s retail sales The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say. RetailDive March 19, 2024March 19, 2024 < 1 min read Predictions and ForecastsEconomy 0 Saving Bookmark this article Bookmarked
Corporate Finance Fabric and Craft Retailer Joann Files for Bankruptcy Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending. In a statement released on Monday, the Ohio-based company said it filed for Chapter 11 bankruptcy protection and has secured $132 million in funding with most of its financial stakeholders that helps reduce its […] Melissa Campanelli March 19, 2024March 19, 2024 2 min read Data & InsightsBankruptcyShoppersResults & InvestmentCustomer ExperiencePredictions and ForecastsVendorsBrick and MortarCOVID19EconomyOperations & Supply ChainExecutivesAssociates 0 Saving Bookmark this article Bookmarked
Shopper & Customer Circana announces its U.S. CPG Growth Leaders CHICAGO – Circana on Monday announced the leading companies in its latest Growth Leaders rankings. The firm analyzed the growth performance of hundreds of public and private consumer packaged goods (CPG) companies ranging from $100 million to $60 billion in annual sales to develop the rankings. Circana will highlight the drivers of success for these […] MMR March 18, 2024March 18, 2024 2 min read ConsumersDept. BeverageExecutivesCPG: Adult BeverageEconomyCOVID19Technology & InnovationAICoca ColaESG and CSRMarketing: Social MediaSustainability 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Channel: Home Improvement Acquisitions, Divestitures & Mergers Corporate Finance Operations & Supply Chain Home Depot Acquires SRS for $18.25B, Boosting Pro Sales Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company’s boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers. Written by RetailWire March 28, 2024March 28, 2024 Saving Bookmark this article Bookmarked
Channel: Grocery Channel: Grocery Kroger to close 3 e-commerce fulfillment facilities The grocer said it will shutter one Ocado-powered spoke in South Florida and two others in Texas in late May. Written by Grocery Dive March 27, 2024March 28, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Corporate Strategy Media & Marketing Data & Insights Shopper & Customer Trends & External Forces Charted: Car Brand Loyalty in 2024 See this visualization first on the Voronoi app. Car Brand Loyalty in 2024 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. This graphic visualizes the best and worst car brands in terms of brand loyalty. […] Written by Visual Capitalist March 26, 2024March 26, 2024 Saving Bookmark this article Bookmarked
Retail Ecosystem ESG Media & Marketing Agencies & Vendors Retail Ecosystem Data & Insights International Shopper & Customer Technology & Innovation Trends & External Forces Operations & Supply Chain Key Takeaways From Shoptalk Spring 2024 Shoptalk always brings the best and brightest minds of the industry together for four days packed with insights, networking opportunities, trend predictions and so much more. This year, the spring event in Las Vegas was no exception. But like many other major industry events, Shoptalk can feel like you’re sprinting a marathon — there’s so […] Written by TotalRetail March 25, 2024March 26, 2024 Saving Bookmark this article Bookmarked
Department: Consumer Durables Department: Consumer Durables Corporate Strategy Corporate Finance Partnerships & Alt Profit Shopper & Customer Trends & External Forces Stores & Formats Nike Pivots, Embraces Wholesale Once Again Amid faltering demand for shoes and clothing as well as slipping digital sales, Nike Inc. said last week that it will bank a lot more on the thing it has spent the past several years turning away from: other retailers. Executives discussed those plans on Nike’s earnings call, during which it announced that while fiscal […] Written by TotalRetail March 25, 2024March 26, 2024 Saving Bookmark this article Bookmarked