Channel: Mass The Backroom: What Walmart and Target tell us about the state of retail in 2022 Rising food and gas prices are causing consumers to pull back on discretionary spending. That hurt retailers in the first quarter. RetailDive May 26, 2022May 26, 2022 < 1 min read WalmartTargetConsumersDept. GroceryDept. Fuel 0 Saving Bookmark this article Bookmarked
Shopper & Customer The ‘end to the good times’ is here as consumers brace against inflation: S&P Analysts see more risk to profits and sales as consumers manage spiking costs for fuel and food, and retailers face more pain on freight. RetailDive May 26, 2022May 26, 2022 < 1 min read ConsumersEconomyOperations & Supply ChainDept. GroceryDept. Fuel 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
Department & Category Grocerants Replacing Restaurants and Grocery Stores for Dinner What’s for Dinner is the age-old question every parent hears, and most say I don’t know. Today more and more families or looking online, or for new avenues of fresh food distributions in the way of meals and meal components that can be mixed and matched into perfect family meal. Alternative fresh food […] Grocerant Guru May 26, 2022May 26, 2022 4 min read Dept. GroceryRestaurantsData & InsightsConsumersMarketing: SocialDept. FreshDept. PerimeterBrick and MortarPepsiCoConsultingDept. BeverageDept. Fresh PreparedStrategyAssociatesDept. BakeryMeta (Facebook)TwitterDept. Adult BevTechnology & InnovationPricing & PromotionsPartnershipsMarketing: TradeESG and CSRDept. DairyDept. DeliDept. FuelMarketing: In StoreHoliday & Events 0 Saving Bookmark this article Bookmarked
Channel: Grocery Kroger Adds “Spoke” Distribution Facility In Central Ohio Kroger said yesterday that it is opening a new “spoke facility,” powered by Ocado, in Central Ohio, that it says “will extend the grocer’s reach and ability to provide fresh and friendly services to its customers … The 61,000-square-foot facility located on Shook Rd in Lockbourne will collaborate with the fulfillment hub in Monroe, Ohio and […] MorningNewsBeat May 26, 2022May 26, 2022 2 min read KrogerShoppersDeliveryOperations & Supply ChainAssociatesDept. RefrigeratedOcadoStore LocationDept. FreshDept. FuelTechnology & InnovationExecutivesAI / ML 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
Shopper & Customer Is Your Brand Meaningfully Different? As marketing professionals, we’d like to share a quick lesson in one of the fundamentals of marketing having to do with relevance, what we call being “meaningfully different.” Marketers know it’s not enough to be merely relevant to be worthy of a customer’s admiration and loyalty. Something must be relevantly different to attain this status. […] Branding Strategy May 25, 2022May 25, 2022 4 min read ConsumersMarketing: BrandStrategyData & InsightsPredictions and ForecastsDeliveryShoppersMarketing: SocialTechnology & InnovationCompetitionGoogleDept. NonfoodSustainabilityResults & InvestmentMarketing: Loyalty & SubscriptionDept. ApparelAssociatesDept. PetESG and CSRDept. FuelConsultingThick DataAmazon 0 Saving Bookmark this article Bookmarked 5
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
Media & Marketing Data-Driven Loyalty in Convenience Retail with Casey’s Art Sebastian & Fetch Rewards’ Kevin McGovern The CPG Guys, Sri & PVSB, are joined in this episode by Art Sebastian, VP of Digital Experiences at Casey’s, a Fortune 500 company operating over 2,400 convenience stores, and Kevin McGovern, VP of Retail Partner Development at Fetch Rewards, a mobile loyalty platform. Follow Art Sebastian on LinkedIn at: https://www.linkedin.com/in/artsebastianFollow Casey’s on LinkedIn at: […] The CPG Guys May 25, 2022May 25, 2022 2 min read Casey's General StoresMarketing: SocialMarketing: Loyalty & SubscriptionCustomer ExperienceData & InsightsPodcastsPartnershipsCustomer ExperienceGoogleShoppersConsumersAcquisitionOmnichannelBrick and MortarCOVID19Technology & InnovationMarketing: In StorePricing & PromotionsDept. Fuel 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
Department & Category EG Group profits climb as sales soar 25% Profits have leapt higher at forecourt giant EG Group as a growing foodservice business and soaring prices at the pumps help fuel a 25% jump in first-quarter revenues. The Grocer May 24, 2022May 24, 2022 < 1 min read Dept. Fuel 0 Saving Bookmark this article Bookmarked
Media & Marketing Bidnamic bags $5m Series A funding from Gresham House Ventures Google Shopping e-commerce marketing platform Bidnamic has completed a $5 million Series A funding round led by Gresham House Ventures. This marks the UK-based venture’s first institutional investment. The round also included existing angel investors, such as Marin Mayer, co-founder of Booking.com, Chris Forrest, board advisor to Net-A-Porter, and Luke Judge, former CEO at Incubeta. […] Retail Technology Innovation Hub May 23, 2022May 23, 2022 < 1 min read Marketing: SocialTwitterStart UpsResults & InvestmentExecutivesTechnology & InnovationInternational - UKGoogleAcquisitionDept. ApparelPartnershipsDept. Natural / OrganicDept. FuelDeliveryOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Channel: Grocery Ahold Delhaize’s Q1 sales climb 8.3% ZAANDAM, Netherlands — Ahold Delhaize said its global retail portfolio reported sales growth of 8.3% in its first quarter as food-at-home consumption continued to prove resilient. Sales benefited from recent store acquisitions as well as favorable currency rates; at constant exchange rates, net sales increased 3.6% in the period to April 3. Net sales at […] MMR May 23, 2022May 23, 2022 2 min read Ahold DelhaizeDeliveryDept. GroceryAssociatesInstacartFreshDirectResults & InvestmentOperations & Supply ChainOmnichannelDept. FuelExecutivesPartnershipsConsumersMarketing: In StoreBrick and MortarBOPISQ CommerceSustainability 0 Saving Bookmark this article Bookmarked
Media & Marketing Restaurant, Deli, C-store Food Marketers Need to Hook them Before they Look-Up Consumers are dynamic not static and today that means smartphones are fast becoming the food marketing platform of choice according to Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. In a battle for share of stomach C-stores, restaurants, bodegas, and grocery store delis all need a fresh focus on smartphones. Art Sebastian, […] Grocerant Guru May 23, 2022May 23, 2022 5 min read Data & InsightsTechnology & InnovationDept. GroceryShoppersConsumersCasey's General StoresMarketing: Loyalty & SubscriptionBrick and MortarRestaurantsMarketing: OOHDept. DeliDept. Fresh PreparedMarketing: Direct & PersonalizationDept. FuelStrategyMarketing: SocialMarketing: In StoreMarketing: TradePricing & PromotionsDept. BeverageDept. FreshCustomer ExperienceDept. PerimeterExecutivesMarketing: MobileMerchandisingTech: AIAI / ML 0 Saving Bookmark this article Bookmarked
Department & Category Should Your Retail Store Stock Alcohol? 3 Pros, 2 Cons, And 3 Key Considerations You already own a profitable retail store, so is there a point in adding liquor to your shelves? The answer to that question depends on the size of your storefront, funding, and several other factors. To help you make a decision, weigh the following pros, cons, and key considerations. What You Should Consider Before Stocking […] Retail Minded May 21, 2022May 21, 2022 3 min read Dept. Adult BevEconomyBrick and MortarDept. BeverageCompetitionShoppersGovernmentMerchandisingPackagingDept. FuelESG and CSRMarketing: SocialOperations & Supply ChainResults & InvestmentAssociates 0 Saving Bookmark this article Bookmarked
Department & Category Americans keep driving despite record gas prices Americans who spent the past couple of years at home due to the pandemic are determined to travel, and they’re doing so even though the average cost for a gallon of gas in the U.S. has risen to $4.59. RetailWire May 20, 2022May 20, 2022 < 1 min read Dept. FuelCOVID19 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital How Inflation Has Deflated Some Of Amazon’s Short-Term Ambitions Business Insider has a story this morning about the degree to which inflation is affecting Amazon’s retail business. “The uncertainty over rising costs and consumer prices shows that even Amazon, a $1.1 trillion company obsessed with meticulous attention to detail, can be roiled by the rising inflation around the world — adding an unwelcome jolt […] MorningNewsBeat May 20, 2022May 20, 2022 4 min read AmazonEconomyExecutivesSustainabilityConsumersAssociatesResults & InvestmentOperations & Supply ChainDeliveryShoppersCOVID19Dept. FuelTargetMarketing: SocialTwitterESG and CSRPartnershipsLegal & CriminalVendors 0 Saving Bookmark this article Bookmarked
Corporate Finance Membership gains drive BJ’s earnings WESTBOROUGH, Mass. – BJ’s Wholesale Club Holdings Inc. today said strong membership gains drove increased sales and profits in its 2022 fiscal first quarter. BJ’s reported membership-fee income of $96.6 million, an increase of nearly 12% from the previous year. Comparable club sales were up 4.1%. When gasoline sales are included, BJ’s comps were up […] MMR May 19, 2022May 19, 2022 2 min read Results & InvestmentBJ’s Wholesale ClubMarketing: BrandExecutivesAcquisitionOperations & Supply ChainDept. FuelSustainabilityMerchandisingPredictions and ForecastsStore LocationMarketing: In Store 0 Saving Bookmark this article Bookmarked
Channel: Mass Target’s Q1 Results Far Below Expectations Tough quarter for Target, which reported a $1 billion Q1 profit yesterday … a big number, but one that was about half that reported during the same period a year ago. Q1 revenue was up four percent, to $24.8 billion, same-store sales were up 3.3 percent, and digital sales were up 3.2 percent, but profit […] MorningNewsBeat May 19, 2022May 19, 2022 3 min read TargetConsumersEconomyWalmartShoppersDept. ApparelOperations & Supply ChainMarketing: Loyalty & SubscriptionExecutivesMarketing: SocialTescoSustainabilityStrategyOwned Brands (Private Label)International - UKCOVID19Brick and MortarDept. NonfoodDept. FuelDept. FreshDept. AppliancesAssociates 0 Saving Bookmark this article Bookmarked 5
Data & Insights See How Predictive Analytics Can Give Your Insurance Agency an Edge Predictive analytics — everyone in the insurance world is talking about it. But what is it, and how can predictive analytics help you grow your brokerage client list? Here’s a quick definition: predictive analytics takes scattered pieces of data from across your systems, organizing them to assess what has happened in the past. Then, using […] Salesforce May 19, 2022May 19, 2022 4 min read Data & InsightsTechnology & InnovationShoppersMarketing: Direct & PersonalizationResults & InvestmentVendorsAssociatesAI / MLPredictions and ForecastsTech: AIThick DataTargetCustomer ExperienceCustomer ExperienceConsultingTrends: TechDept. FuelDept. NonfoodExecutivesMarketing: In Store 0 Saving Bookmark this article Bookmarked
Department & Category BJ’s rides gas sales to strong Q1 results Low prices at its fuel centers spurred people to fill up and shop inside its stores, where grocery and perishable categories led sales. Grocery Dive May 19, 2022May 19, 2022 < 1 min read Dept. FuelBJ’s Wholesale ClubBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats BJ’s Wholesale Club posts gains in sales and earnings BJ’s Wholesale Club posted a 4.1 percent gain in same-club sales, excluding gasoline, during the first quarter. The chain’s earnings per share came in at 82 cents, up 39 percent from the same period last year. “Our performance in the first quarter was strong, as gains in member traffic underscored the value we provide. Our […] RetailWire May 19, 2022May 19, 2022 < 1 min read Results & InvestmentBJ’s Wholesale ClubSustainabilityStore LocationExecutivesDept. Fuel 0 Saving Bookmark this article Bookmarked
Shopper & Customer Earnings reports suggest consumers are watching their dollars Retailer earnings reports this week indicate that consumers are growing more cautious in their spending. Companies, at the same time, are seeing profit margins eroded by higher fuel and supply chain costs. RetailWire May 19, 2022May 19, 2022 < 1 min read ConsumersResults & InvestmentOperations & Supply ChainDept. Fuel 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain Dom’s Kitchen & Market Adds Some Chicago Culinary Muscle Crain’s Chicago Business reports that “Au Cheval founder Brendan Sodikoff is partnering with Dom’s Kitchen & Market, the grocery store from industry veteran Bob Mariano. “Sodikoff, who also founded Doughnut Vault and other brands under restaurant group Hogsalt Hospitality … Sodikoff plans to ‘draw on the portfolio of concepts’ from Hogsalt.” The story says that […] MorningNewsBeat May 18, 2022May 18, 2022 < 1 min read Brick and MortarDept. GroceryExecutivesWalgreensRestaurantsPredictions and ForecastsPartnershipsOperations & Supply ChainDept. Fuel 0 Saving Bookmark this article Bookmarked
Trends & External Forces Q1 2022 Roundup: Big Box Giants’ Sales Growth Slows, Cool Weather Chills Home Improvement Results The nation’s largest retailers have been holding strong against supply chain challenges, high fuel costs and inflation, but their combined ongoing impact is finally starting to weigh on their performance. Both Walmart and Target reported weak single-digit sales growth in their latest quarters, and while continued home improvement interest elevated The Home Depot to record […] Retail TouchPoints May 18, 2022May 18, 2022 3 min read WeatherWalmartOperations & Supply ChainLowesTargetEconomyHome DepotExecutivesCOVID19InternationalDept. GroceryShoppersSustainabilityDept. Toys & GamesMerchandisingMarketing: SocialBJ’s Wholesale ClubConsumersPartnershipsDept. OTCDept. NonfoodDept. FuelDept. ApparelDeliveryAssociates 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain Target’s profit ‘collapsed’ in Q1 as retail smashes into fuel costs The retailer faced hundreds of millions of dollars in unexpected freight costs. But the company is being selective in when to hike prices. RetailDive May 18, 2022May 18, 2022 < 1 min read TargetDept. FuelOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Department & Category Every state has gas prices $4 or up Gas prices in every state are now $4 or higher, marking the first time that has happened in the history of the U.S. The average cost for a gallon gas nationally is $4.52. RetailWire May 18, 2022May 18, 2022 < 1 min read Dept. Fuel 0 Saving Bookmark this article Bookmarked
Department: Nonfood Inflation rises again, fuelling consumer spending fears The Office for National Statistics (ONS) said this morning that annual inflation is now running at 9%, its highest rate since March 1982, when it was 9.1%. The 40-year annual high, up from 7% last month, was driven by higher food and fuel prices, said the ONS. The war in Ukraine was cited as one […] Talking Retail May 18, 2022May 18, 2022 < 1 min read EconomyDept. FuelConsumersDept. NonfoodDept. Grocery 0 Saving Bookmark this article Bookmarked
Channel: Mass Walmart To Host One-Weekend-Only Savings Event Exclusively for Walmart+ Members BENTONVILLE, Ark., May 18, 2022 — Today, Walmart announced the arrival of Walmart+ Weekend, an online savings event exclusively for Walmart+ members that stretches over three days. The fun begins on Walmart.com at 12 p.m. PT/3 p.m. ET on Thursday, June 2, with the deals ending at 4 p.m. PT/7 p.m. ET on Sunday, June […] Walmart News May 18, 2022May 18, 2022 4 min read WalmartMarketing: Loyalty & SubscriptionMarketing: SocialBrick and MortarOperations & Supply ChainAssociatesDept. FuelHoliday & EventsMarketing: BroadcastStore LocationTwitterPhilanthropyDeliveryTechnology & InnovationMeta (Facebook)SustainabilityStreamingMarketing: TradeMarketing: In StoreDept. Toys & GamesTech: RoboticsExecutivesESG and CSRDept. NonfoodPricing & Promotions 0 Saving Bookmark this article Bookmarked
Shopper & Customer NRF: April Retail Sales Grow Despite Inflation Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year (YoY) increases, the National Retail Federation (NRF) said Tuesday. NRF’s calculation of retail sales — which excludes automobile dealers, gasoline stations and restaurants to focus on core retail — showed April was up 0.9 […] Kristina Stidham May 17, 2022May 17, 2022 2 min read ConsumersEconomyRestaurantsOperations & Supply ChainExecutivesDept. FuelDept. ApparelCOVID19Brick and MortarAssociates 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