Trends & External Forces CRN comments on FDA NDI guidance WASHINGTON — In regard to FDA issuing draft guidance on NDI notification master files for supplements today, CRN president and CEO Steve Mister offered the following comments on the development: “It’s a positive development to see the FDA moving ahead with this draft guidance. In 2020, CRN developed an NDI master file framework for […] MMR April 3, 2024April 3, 2024 < 1 min read GovernmentResults & InvestmentExecutives 0 Saving Bookmark this article Bookmarked
Shopper & Customer Key Considerations For Your Retail Store For 2024 For indie retailers, following changes in the world of retail is important. Luckily, they are usually curious, determined, and dedicated. Plus, the numbers are on their side: global retail online sales reached 5.8 trillion US dollars last year, and experts say it will grow by 39% over the coming years. In 2024, two critical factors […] Retail Minded April 3, 2024April 3, 2024 3 min read ConsumersData & InsightsOperations & Supply ChainPredictions and ForecastsShoppersAssociatesTechnology & InnovationLegal & CriminalStrategyDept. NonfoodOmnichannelGovernmentVendors 0 Saving Bookmark this article Bookmarked
Trends & External Forces Scottish government confirms further disposable vapes ban details The Scottish government has published a new six week consultation on the implementation of the disposable vapes ban, expanding on the definition of a disposable vape and outlining the fines that will be issued to businesses who continue to sell and supply disposables after a… This story continues at Scottish government confirms further disposable vapes […] Talking Retail April 2, 2024April 2, 2024 < 1 min read GovernmentPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Trends & External Forces Microsoft To Separate Teams From Office Package Globally After EU Antitrust Concerns Microsoft announced its decision to offer Teams, its chat and video application, as a separate product globally, independent of its Office suite. RetailWire April 2, 2024April 2, 2024 < 1 min read Dept. NonfoodGovernmentLegal & Criminal 0 Saving Bookmark this article Bookmarked
Shopper & Customer Moving Your Business From Offline To Online: Strategies In 2024 When you need to give your business a nudge, the best you can do is to move it from offline to online waters. Stats say that 43% of the people in the USA would rather shop online than go to a physical store, and with the current trends, the numbers can only go up. So […] Retail Minded April 2, 2024April 2, 2024 3 min read ShoppersOperations & Supply ChainPredictions and ForecastsPartnershipsAgenciesGoogleDeliveryData & InsightsDept. NonfoodGovernmentGamingTechnology & InnovationMetaverseSustainabilityTech: AR and VRTargetConsumersStrategyStore LocationBrick and MortarMarketing: Direct & PersonalizationMarketing: UGC 0 Saving Bookmark this article Bookmarked
Data & Insights Squeezing Time. The Persistence of Memory by Salvador Dali. This post was inspired by a conversation with and informed by content provided by Chris Outram, EVP, Head of Blockchain for Publicis Groupe Media ,who provides ongoing coaching and homework to keep me updated on Web 3 which Publicis defines as a constellation of AI, Blockchain, and XR […] Rishad Tobaccowala March 31, 2024March 31, 2024 5 min read Data & InsightsTechnology & InnovationAIResults & InvestmentConsumersReturnsAgenciesDept. PetLegal & CriminalblockchainData VisualizationDept. NonfoodGeneral BusinessPredictions and ForecastsGovernmentAssociatesTech: AR and VRCOVID19PodcastsESG and CSRMeta (Facebook)Marketing: Social MediaExecutives 0 Saving Bookmark this article Bookmarked
Channel: Mass Co-op invests in low-carbon tech and claims a convenience retailer first as SBTi validates its net zero targets Co-op has become the first UK convenience retailer to have its net zero targets validated by the globally recognised Science Based Targets initiative (SBTi). SBTi – a body that assesses corporate climate targets – has given the thumbs up to its near-term and overall targets to become net zero across its own operations by 2035, […] Retail Technology Innovation Hub March 30, 2024March 30, 2024 2 min read TargetTechnology & InnovationInternational - UKPredictions and ForecastsOperations & Supply ChainMarketing: Social MediaTwitterSustainabilityGovernmentDept. FreshPartnershipsDeliveryHoliday & EventsResults & InvestmentDept. GroceryExecutivesESG and CSRDept. RefrigeratedDept. Natural / OrganicDept. FuelDept. DairyBrick and Mortar 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
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
Retailer Media 5 Challenges Facing Retail Media Only 41 percent of retailers find the current process for selling and buying retail media efficient. This insight has prompted discussions on how to continue its development, what’s working well, and where the major pain points exist. To succeed, retailers must address five critical challenges halting progress on retail media’s potential: 1. Internal Politics and […] TotalRetail March 27, 2024March 28, 2024 2 min read Marketing: Retail MediaData & InsightsTechnology & InnovationShoppersConsultingOmnichannelConsumersGovernmentMarketing: In StoreOperations & Supply ChainStrategyAssociatesAgencies 0 Saving Bookmark this article Bookmarked
Trends & External Forces Environment secretary suggests further DRS delay The government’s Deposit Return Scheme (DRS) is more likely to be introduced in 2027 rather than 2025, according to Defra secretary of state Steve Barclay MP. Barclay stressed that interoperability is crucial for businesses, and indicated that he would use the same Internal Market Act… This story continues at Environment secretary suggests further DRS delay […] Talking Retail March 27, 2024March 27, 2024 < 1 min read SustainabilityPredictions and ForecastsGovernment 0 Saving Bookmark this article Bookmarked
Trends & External Forces Visa and Mastercard Reach $30B Settlement To Lower Merchant Fees In a significant move aimed at addressing longstanding antitrust concerns, credit card companies Visa and Mastercard, along with associated banks, have reached a monumental $30 billion settlement. RetailWire March 27, 2024March 27, 2024 < 1 min read Legal & CriminalGovernment 0 Saving Bookmark this article Bookmarked
Trends & External Forces 4 marketing headwinds to watch as election season heats up Strained budgets and a “chaotic environment for consumer trust” were top challenges identified by Forrester, which urged marketers to be proactive. MarketingDive March 27, 2024March 27, 2024 < 1 min read GovernmentSustainabilityConsumers 0 Saving Bookmark this article Bookmarked
Trends & External Forces Scotland retailer’s rates to rise by £31m Shops in Scotland will see their annual business rates bills rise by £31m from next week. It follows the decision in the Scottish government’s budget to increase the business rate for firms occupying 22,120 medium-sized and larger commercial premises by 6.7% in 2024-25. This is… This story continues at Scotland retailer’s rates to rise by […] Talking Retail March 26, 2024March 26, 2024 < 1 min read Predictions and ForecastsGovernmentMarketing: Social Media 0 Saving Bookmark this article Bookmarked
Trends & External Forces Merchants group criticizes proposed ‘swipe’ fee settlement WASHINGTON – A proposed agreement that would reduce “swipe” fees that retailers pay each time a shopper pays with a Visa or Mastercard is “a bad deal for merchants,” according to the Merchants Payments Coalition (MPC), a lobbying group advocating for a more competitive and transparent card system. The coalition is expressing its disappointment with […] MMR March 26, 2024March 26, 2024 2 min read CompetitionGovernmentExecutivesConsumersShoppersLegal & CriminalData & InsightsAssociates 0 Saving Bookmark this article Bookmarked
Trends & External Forces NGA urges Congress to scrutinize grocery supply chain disruptions A new FTC report claiming large grocers used their size to consolidate market power prompted the trade group to call for hearings on Capitol Hill. Grocery Dive March 26, 2024March 26, 2024 < 1 min read GovernmentOperations & Supply ChainIndustry Conferences and Events 0 Saving Bookmark this article Bookmarked
Trends & External Forces FMI: health and wellness support becoming a pillar for grocers ARLINGTON, Va. — Building on burgeoning consumer interest in the link between health and nutrition, the grocery industry aims to raise its profile as a destination for a broad and expanding range of products and services that support customers’ well-being. Executives at FMI – The Food Industry Association recently examined the trend during a briefing […] MMR March 26, 2024March 26, 2024 3 min read Health & WellnessDept. GroceryConsumersGovernmentExecutivesStrategyThick DataDept. PharmacyData & InsightsAssociatesPredictions and ForecastsSustainabilityShoppersResults & InvestmentBrick and MortarMerchandisingMarketing: In StoreDept. Natural / OrganicDept. HBCTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Department: HBC Senators press for PBM reform at NACDS Event WASHINGTON — Retail pharmacy’s drive to secure enactment of meaningful PBM reform received a boost earlier this month when the leaders of the Senate Finance Committee spoke at a press briefing on Capitol Hill during NACDS RxImpact Day. Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.), the chairman and ranking member of the […] MMR March 26, 2024March 26, 2024 2 min read Dept. PharmacyGovernmentResults & InvestmentExecutivesConsumersSponsoredBrick and MortarAssociates 0 Saving Bookmark this article Bookmarked
Trends & External Forces ACS warns disposable vape ban will give illicit trade £645m boost ACS (The Association of Convenience Stores) has called on the government to focus on effective enforcement to deal with the huge illicit trade in vapes that will receive a £645m boost if disposable vapes are banned next year. In response to the government’s short consultation… This story continues at ACS warns disposable vape ban will […] Talking Retail March 25, 2024March 25, 2024 < 1 min read GovernmentPredictions and ForecastsBrick and Mortar 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
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 Retail Leaders Weigh in on the FTC’s Proposed Updates to the Green Guides The Federal Trade Commission (“FTC”) is set to release an updated version of its Guides for the Use of Environmental Marketing Claims this year. These “Green Guides” — which haven’t been updated in over a decade — do not have the force of law but provide marketers with guidance on how to make properly substantiated […] TotalRetail March 25, 2024March 26, 2024 3 min read GovernmentSustainabilityInternationalESG and CSRConsumersPartnershipsLegal & CriminalPredictions and ForecastsHealth & WellnessDept. NonfoodDept. Natural / OrganicDept. ApparelOperations & Supply ChainAgencies 0 Saving Bookmark this article Bookmarked
Trends & External Forces Worldpay 2024 Global Payments Report: Covid pandemic drives ‘monumental’ rise in digital wallets adoption The UK is entering a golden era of payments driven by a digital wallet boom, according to Worldpay’s Global Payments Report 2024. The report, which provides analysis of the payments landscape across 40 countries, indicates that by 2027, digital wallets are expected to comprise half of all e-commerce spend in the UK, worth £203.5 billion. […] Retail Technology Innovation Hub March 24, 2024March 24, 2024 3 min read Predictions and ForecastsConsumersInternational - UKCOVID19Marketing: Social MediaTwitterTechnology & InnovationShoppersGovernmentData & InsightsCustomer ExperienceESG and CSRInclusivityMarketing: In StoreTrends: FinancePartnershipsResults & InvestmentStrategyBNPL 0 Saving Bookmark this article Bookmarked
Trends & External Forces FTC Reveals How Grocery Retailers Survived Pandemic Supply Woes Large grocery retailers didn’t just weather the storm of pandemic-related supply chain disruptions; they capitalized on them, as per the recent findings of the Federal Trade Commission (FTC). RetailWire March 23, 2024March 23, 2024 < 1 min read GovernmentCOVID19WeatherOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Trends & External Forces US Sugar Companies Accused of Conspiring To Fix Prices Some of the largest sugar-producing companies in the U.S. are facing antitrust lawsuits. RetailWire March 23, 2024March 23, 2024 < 1 min read Legal & CriminalGovernment 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
Trends & External Forces Phased tobacco ban will ‘push market underground’ and put retailers at risk, says TMA The TMA (Tobacco Manufacturers’ Association) believes the government’s ‘phased generational ban’ on the purchase of tobacco products for anyone born on or after 1 January 2009, will drive the market “into the hands of organised crime gangs”. In response to the publication of the Tobacco… This story continues at Phased tobacco ban will ‘push market […] Talking Retail March 22, 2024March 22, 2024 < 1 min read GovernmentPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Trends & External Forces DOJ Sues Apple Over Smartphone Monopoly The U.S. Department of Justice has filed a lawsuit against tech giant Apple, alleging monopolistic practices in the smartphone market. RetailWire March 22, 2024March 22, 2024 < 1 min read GovernmentLegal & CriminalTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces All-Party Parliamentary Group for Responsible Vaping launched An APPG for Responsible Vaping has been established to ensure the raft of government measures on vaping are balanced and proportionate while acting to encourage and highlight sector led improvement. Parliamentarians from across the political spectrum including a former health secretary have come together to… This story continues at All-Party Parliamentary Group for Responsible Vaping […] Talking Retail March 21, 2024March 21, 2024 < 1 min read GovernmentPredictions and ForecastsHealth & Wellness 0 Saving Bookmark this article Bookmarked
Trends & External Forces Hermès Handbag Class Action Lawsuit Filed in California A class action lawsuit has been filed against luxury brand Hermès, alleging violations of antitrust laws in California. RetailWire March 21, 2024March 21, 2024 < 1 min read GovernmentLegal & Criminal 0 Saving Bookmark this article Bookmarked
Shopper & Customer Data & Insights Shopper & Customer Trends & External Forces FMI Launches 2024 U.S. Grocery Shopper Trends Series: How Consumers Are Finding Value at the Grocery Store ARLINGTON, Va.–(BUSINESS WIRE)– #foodindustry–Shoppers enjoy food shopping as much as ever, according to the latest annual survey by FMI – The Food Industry Association. Written by BusinessWire - Supermarket May 14, 2024May 14, 2024 Saving Bookmark this article Bookmarked
Data & Insights Technology & Innovation Retailers: Is AI the answer to all your problems? Not so fast…proceed with caution! Written by Supermarket News May 10, 2024May 10, 2024 Saving Bookmark this article Bookmarked
Technology & Innovation Department: Consumer Durables Department: Nonfood Corporate Strategy ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Merchandising Could AI Be Your Next Stylist? Consumers Are Ready Keeping up with nanosecond social media trends is a never-ending challenge for retail brands and shoppers. In addition to responding to these fast-paced microtrends, merchandisers face increased pressure to incorporate cutting-edge personalization techniques that drive authentic shopping experiences and cultivate brand loyalty. So, what’s the answer to remaining innovative and on-trend in 2024? According to […] Written by TotalRetail May 10, 2024May 10, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Channel: Grocery Media & Marketing Kroger considers Disney+ perk for grocery delivery members US retail giant Kroger is reportedly in talks with the Walt Disney Company to offer the Disney+ streaming service as a benefit to paying members of its Kroger Boost grocery delivery programme. The post Kroger considers Disney+ perk for grocery delivery members appeared first on Retail Insight Network. Written by Retail Insights Network May 8, 2024May 8, 2024 Saving Bookmark this article Bookmarked
Technology & Innovation Channel: Dollar/Value Channel: Ecommerce & Digital Channel: Mass Data & Insights Technology & Innovation Trends & External Forces Associates & Employees Stores & Formats Sam’s Club Expands Store Rollout of AI-Powered Exit Tech Walmart-owned Sam’s Club says it’s turning to artificial intelligence to speed up its own exit technology. Instead of requiring store staff to check members’ purchases against their receipts when leaving the store, Sam’s Club customers who pay either at a register or through the Scan & Go mobile app can now walk out of the […] Written by 0 Author Missing May 8, 2024May 8, 2024 Saving Bookmark this article Bookmarked