Shopper & Customer Post-Holiday Sales Are Down: What Can Retailers Do to Win the 2024 Season? While retailers typically put a significant emphasis on post-holiday sales, they didn’t resonate with shoppers after the 2023 holiday season. During the week after Christmas, year-over-year sales were down across the board, with only computer software sales seeing an increase from 2022. Department stores, cosmetics stores and clothing stores saw some of the largest declines, […] Jonathan Silver March 19, 2024March 19, 2024 4 min read ConsumersHoliday & EventsMarketing: TradeHealth & WellnessPredictions and ForecastsPricing & PromotionsOperations & Supply ChainShoppersBrick and MortarAmazonDept. NonfoodData & InsightsDept. ApparelESG and CSRTechnology & InnovationConsultingDept. FuelDept. HBCTrends: ShoppingDept. Toys & GamesExecutivesMarketing: Loyalty & SubscriptionMarketing: Social MediaResults & Investment 0 Saving Bookmark this article Bookmarked
Data & Insights Gen AI and Retail: How the Industry is Harnessing Disruptive Transformation Generative artificial intelligence (Gen AI) is spurring organizations across different sectors to fundamentally reimagine their approach to digital transformation. Nowhere is its disruptive potential more evident than in retail, where Gen AI’s ever-increasing capabilities are powering a new age of customer-centric innovation. Retailers are exploring use cases across a wide range of functions, from new […] Sanjay Jain March 18, 2024March 18, 2024 3 min read Technology & InnovationAIData & InsightsShoppersMarketing: Direct & PersonalizationThick DataPartnershipsPredictions and ForecastsDept. FuelMarketing: In StoreOperations & Supply ChainPricing & Promotions 0 Saving Bookmark this article Bookmarked
Department & Category US Retail Spending Inches Up, Gasoline Sales Drive February Rebound Retail spending in the United States showed a modest recovery last month, with Americans increasing their purchases, especially in gasoline, according to the latest report from the Commerce Department released on Thursday. RetailWire March 16, 2024March 16, 2024 < 1 min read Dept. Fuel 0 Saving Bookmark this article Bookmarked
Data & Insights 5 Ways To Boost Your Retail Business Productivity Through AI Struggling to keep up with the pace of modern retail? You’re not alone. The retail landscape is evolving rapidly, and maintaining productivity can feel like chasing a moving target. Enter Artificial Intelligence (AI) – your new strategic partner. Retailers are discovering that AI can do more than just data analysis. It’s time to harness AI […] Retail Minded March 16, 2024March 16, 2024 3 min read Technology & InnovationAIShoppersData & InsightsOperations & Supply ChainAssociatesPredictions and ForecastsConsumersTech: CashierlessMarketing: Direct & PersonalizationStrategyDept. NonfoodConsultingDept. FuelDept. Natural / OrganicTrends: RetailOwned Brands (Private Label)PartnershipsSustainabilityTargetMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Affordable Last Mile Groceries Delivery with Buncha’s Bharat Pulgam The CPG Guys are joined in this episodee by Bharat Pulgam, Founder & CEO of Buncha, a last-mile technology company that uses W2 shoppers and refrigerated vehiclesto provide best in class service. With a unique batching system, Buncha is able to work with retailers to maximize deliveries in a reliable and efficient manner. What sets […] The CPG Guys March 13, 2024March 13, 2024 2 min read DeliveryMarketing: Social MediaPodcastsShoppersDept. RefrigeratedTechnology & InnovationAssociatesCustomer ExperienceConsumersDept. FuelCOVID19MerchandisingPartnershipsPredictions and ForecastsResults & InvestmentSponsoredSustainabilityExecutives 0 Saving Bookmark this article Bookmarked
Department & Category Hand Held Food for Immediate Consumption Will Drive Casey’s General Stores Growth At the intersection of consumers trends, pizza delivery success, and branded line extensions Casey’s General Stores have added new hand-held food menu items for immediate consumption is a perfect fit Edifying its consumer focused grocerant niche Ready-2-Eat and Heat-N-Eat fresh prepared menu in the minds-eye of the consumer, according to Steven Johnson Grocerant Guru® […] Grocerant Guru March 13, 2024March 13, 2024 3 min read Dept. GroceryCasey's General StoresDept. Fresh PreparedConsumersData & InsightsBrick and MortarDept. BakeryDept. FreshPackagingPredictions and ForecastsShoppersDept. BeverageDept. DairyRestaurantsPartnershipsDeliveryOperations & Supply ChainExecutivesDept. PerimeterDept. FuelSustainabilityAssociates 0 Saving Bookmark this article Bookmarked
Trends & External Forces Consumer Prices Continue To Reflect Inflationary Pressures The New York Times reports this morning that “the Consumer Price Index climbed 3.2 percent last month from a year earlier, up from 3.1 percent in January. That’s down notably from a 9.1 percent high in 2022, but it is still quicker than the roughly 2 percent that was normal before the 2020 pandemic. “After […] MorningNewsBeat March 12, 2024March 12, 2024 < 1 min read EconomyConsumersPredictions and ForecastsDept. GroceryDept. FuelCOVID19Associates 0 Saving Bookmark this article Bookmarked
Corporate Strategy CNBC/NRF Retail Monitor: Sales grew in February WASHINGTON – Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access February’s retail data.Total retail sales, excluding automobiles and gasoline, were up 1.06% seasonally adjusted month over month and up 6.3% […] MMR March 12, 2024March 12, 2024 2 min read Brick and MortarData & InsightsDept. NonfoodDept. FuelHealth & WellnessDept. Sporting goodsConsumersDept. BeverageDept. ApparelEconomyExecutivesPredictions and ForecastsRestaurantsThick Data 0 Saving Bookmark this article Bookmarked
Shopper & Customer Consumer spending rebounded in February, according to the CNBC/NRF Retail Monitor The CNBC/NRF Retail Monitor, derived from actual credit card spending data from Affinity Solutions, rose 1.06% in February, when excluding autos and gas. CNBC March 12, 2024March 12, 2024 < 1 min read ConsumersData & InsightsDept. Fuel 0 Saving Bookmark this article Bookmarked
Channel: Grocery Kroger Releases Q4, Annual Sales Figures Kroger said that its Q4 total sales, excluding fuel, declined 0.5 percent to $37.1 billion, from $34.8 billion during the same period a year ago. Same-store sales for the period were down 0.8 percent. However, operating profit grew to $1.19 billion from $826 million in the prior-year period, while Kroger digital sales grew more than […] MorningNewsBeat March 11, 2024March 11, 2024 < 1 min read KrogerEconomyShoppersDept. FuelConsumersDept. Adult BevDept. BeverageDept. GroceryExecutivesOwned Brands (Private Label)Predictions and ForecastsBrick and Mortar 0 Saving Bookmark this article Bookmarked
Trends & External Forces Honda Releases the 2024 Prologue Electric SUV The automotive landscape is shifting, with electric vehicles (EVs) gaining traction as a viable alternative to traditional gas-powered cars. Amidst this transition, Honda introduces the 2024 Honda Prologue, marking its entry into the world of all-electric SUVs. RetailWire March 11, 2024March 11, 2024 < 1 min read Predictions and ForecastsDept. NonfoodDept. Fuel 0 Saving Bookmark this article Bookmarked
Technology & Innovation Remarkable Growth in the Market for High-Performance Plastics in 3D Printing In recent years, the 3D printing industry has witnessed a remarkable surge in innovation, especially in the realm of high-performance plastics. High-performance plastics (HPPs) are advanced materials known for their exceptional mechanical, thermal, and chemical properties, making them highly sought after in the global 3D printing industry. HPPs are expected to be widely used in […] BCC Research March 8, 2024March 8, 2024 < 1 min read Technology & InnovationPredictions and ForecastsDept. FuelMarketing: Social MediaHealth & WellnessDept. Nonfood 0 Saving Bookmark this article Bookmarked
Department & Category Bestway enters into new long-term partnership with Penny Petroleum Bestway Retail, part of Bestway Wholesale, has announced that it has entered into a new long-term partnership with Penny Petroleum, the fifth largest independent petrol forecourt operator in the country. Already working with the major forecourt operator, the new agreement accelerates the longer term strategic… This story continues at Bestway enters into new long-term partnership […] Talking Retail March 8, 2024March 8, 2024 < 1 min read Dept. FuelPartnershipsPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Trends & External Forces Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024 Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth. Kroger March 7, 2024March 8, 2024 9 min read KrogerResults & InvestmentPredictions and ForecastsAssociatesDept. FuelShoppersDept. Fresh PreparedDept. DeliHealth & WellnessSustainabilityEconomyGovernmentConsumersOperations & Supply ChainStrategyDept. PharmacyMarketing: BrandDept. FreshReturnsMergersOwned Brands (Private Label)PartnershipsDept. GroceryDept. DairyDept. BeverageData & InsightsExecutivesMarketing: Direct & PersonalizationWeatherCustomer ExperienceCompetitionPress ReleaseUnileverDivestituresDept. PerimeterAlbertsons / SafewayDept. BakeryTargetRegional GroceryDept. Natural / OrganicDept. HBCBrick and MortarDeliveryTrends: ConsumerTechnology & InnovationMarketing: TradeMarketing: Loyalty & SubscriptionMarketing: In StoreESG and CSR 0 Saving Bookmark this article Bookmarked
Corporate Finance Kroger’s Q4 earnings beat expectations CINCINNATI—Kroger reported flat sales for the fourth quarter and fiscal year ended February 3, but profits beat expectations. The retailer reported a $736 million profit on sales of $37.1 billion for the three-month period. Kroger noted that identical sales (excluding fuel decreased 0.8% in the quarter, while underlying identical sales without fuel increased 0.1%. The […] MMR March 7, 2024March 7, 2024 3 min read Results & InvestmentKrogerAssociatesShoppersPredictions and ForecastsDept. FuelReturnsSustainabilityExecutivesConsumersCustomer ExperienceOwned Brands (Private Label)PartnershipsStrategyMarketing: TradeMarketing: Direct & PersonalizationDept. FreshOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Data & Insights SharkNinja taps Horizon next to fuel data powered growth SharkNinja, a global product design and technology company, today named Horizon Next as their Media Agency of Record across the US and Canada. SharkNinja has engaged Next to design a data powered strategy that balances innovation and advanced analytics to accelerate retail and DTC growth. Next will leverage its game-changing proprietary connected marketing platform, blu., to identify actionable […] Martechcube March 7, 2024March 8, 2024 < 1 min read Data & InsightsConsumersDept. FuelStrategyStore LocationTechnology & InnovationAIInternational - North AmericaPartnershipsESG and CSRMarketing: Direct & PersonalizationMarketing: OOHBig DataAssociatesMarketing: Digital MediaAgencies 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Athleta Looks to Recycled Textiles to Advance Circularity Efforts Gap Inc. has partnered with Ambercycle to leverage recycled textiles in products for its Athleta brand beginning in 2026. Ambercycle uses proprietary molecular regeneration technology to turn discarded polyester into Cycora. This is a high-performance material designed to reproduce the quality of virgin-grade polyester while reducing industry greenhouse gas emissions and the need to landfill […] Retail TouchPoints March 7, 2024March 7, 2024 2 min read SustainabilityDept. ApparelTechnology & InnovationESG and CSRMarketing: Social MediaPredictions and ForecastsEconomyDept. FuelOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Channel: Mass Target to add paid membership program MINNEAPOLIS—As part of a revamp of its customer loyalty program, Target is launching a new paid membership program called Target Circle 360. The program, set to launch on April 7, includes unlimited free same-day delivery for orders over $35 in as little as an hour with no delivery fees or markups, free two-day shipping, access […] MMR March 6, 2024March 7, 2024 2 min read TargetShoppersMarketing: Loyalty & SubscriptionDeliveryMarketing: Direct & PersonalizationPricing & PromotionsOperations & Supply ChainConsumersExecutivesDept. FuelMarketing: In StoreOwned Brands (Private Label)SustainabilityBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Mass Target Primes New Paid Membership Program Following in the footsteps of Amazon Prime and Walmart+, Target announced the launching of Target Circle 360, a new paid membership program described by the company as “a new paid membership that includes unlimited free same-day delivery for orders over $35 in as little as an hour with no delivery fees or markups, free two-day […] MorningNewsBeat March 6, 2024March 6, 2024 2 min read TargetDeliveryMarketing: Loyalty & SubscriptionMarketing: Direct & PersonalizationAmazonWalmartPricing & PromotionsOperations & Supply ChainMarketing: In StoreConsumersShoppersStreamingDept. FuelKrogerPredictions and ForecastsMarketing: Digital Media 0 Saving Bookmark this article Bookmarked
Corporate Finance Liquidity Issues For California’s Almond Industry From the Los Angeles Times: “For much of the last decade, almonds have been such a lucrative crop that growers and investment firms have poured money into planting new orchards across vast stretches of California farmland. “Now, the almond boom has fizzled and the industry has entered a slump. Prices have dropped over the last […] MorningNewsBeat March 6, 2024March 6, 2024 < 1 min read Results & InvestmentPredictions and ForecastsDept. FuelBankruptcy 0 Saving Bookmark this article Bookmarked
Trends & External Forces What are America’s Most Disappointing Cars in 2024? See this visualization first on the Voronoi app. What are America’s Most Disappointing Cars 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. Cars are such a fundamental part of American life, that certain […] Visual Capitalist March 6, 2024March 6, 2024 2 min read Predictions and ForecastsConsumersDept. NonfoodThick DataEconomyShoppersGoogleDept. FuelData VisualizationData & Insights 0 Saving Bookmark this article Bookmarked
Media & Marketing Sunglass Hut Launches Loyalty Program; Tractor Supply Amps up Member Benefits Sunglass Hut has debuted a new loyalty program for eyewear enthusiasts, while rural retailer Tractor Supply has enhanced its Neighbor’s Club loyalty program to help members earn more rewards more quickly. Sunglass Hut Introduces ‘The Sun Club’ Sunglass Hut’s new The Sun Club loyalty program offers both in-store and online shoppers 10 points for every […] Retail TouchPoints March 6, 2024March 6, 2024 3 min read Marketing: Loyalty & SubscriptionTractor Supply CompanyPricing & PromotionsPredictions and ForecastsMarketing: Social MediaMarketing: Direct & PersonalizationDept. NonfoodBrick and MortarShoppersMarketing: TradeMarketing: In StoreExecutivesDept. FuelConsumers 0 Saving Bookmark this article Bookmarked
Channel: Convenience Wawa’s New Revenue Stream via New Retail Media Network So, Wawa recently launched the Goose Media Network, a retail media network (RMN) designed to enhance offerings for its dedicated consumer base. According to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® this moved with edify Wawa’s relationship with consumers and brands driving Top-line sales and Bottom-line profits. Through this network, Wawa’s customers can engage with partner […] Grocerant Guru March 3, 2024March 3, 2024 3 min read WaWaPartnershipsShoppersDept. GroceryData & InsightsMarketing: Retail MediaConsumersCustomer ExperienceAgenciesTechnology & InnovationDept. FreshDept. PerimeterPricing & PromotionsAIMarketing: Social MediaMarketing: TradeBrick and MortarTargetTrends: TechDeliveryDept. FuelOperations & Supply ChainInsight ProvidersMarketing: OOHDept. Apparel 0 Saving Bookmark this article Bookmarked
Department: HBC Low Times After High Hopes The New York Times reports this morning that “a little more than six years ago, CBD, the nonintoxicating component that is derived from cannabis or hemp, was poised to be the next big ‘it’ ingredient, part of a wave of beverages and foods that were promoted as having healthful benefits or providing relaxation. Start-ups flooded […] MorningNewsBeat February 29, 2024February 29, 2024 2 min read CannabisDept. HBCCPG: Adult BeverageConsumersDeliveryResults & InvestmentGovernmentDept. BeverageDept. FrozenDept. FuelInternational - North AmericaPredictions and ForecastsDept. Adult BevDept. Apparel 0 Saving Bookmark this article Bookmarked
Department & Category Is Self-Checkout Technology Better than an Employee In a time when there are more digital natives working and spending money than ever before retailers are evolving to give them what they want and according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® that means technology. There is no doubt that more and more retail foodservice executives are embracing […] Grocerant Guru February 29, 2024February 29, 2024 3 min read Dept. GroceryData & InsightsTech: CashierlessExecutivesTechnology & InnovationDept. FuelShoppersPredictions and ForecastsAssociatesRestaurantsCustomer ExperienceInternationalThick DataOperations & Supply ChainStore FormatStrategy 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Amazon Preps New Advertising Solutions Advertising Age reports that Amazon has a new product team that is “developing a range of modeled and contextual addressability solutions” that, the story says, is “part of its long-term strategy to win online advertising in the post-cookie era.” “Addressability,”Ad Age explains, “allows for better targeting and measuring of specific audiences. Without cookies, internet ads […] MorningNewsBeat February 29, 2024February 29, 2024 < 1 min read AmazonTechnology & InnovationStrategyPredictions and ForecastsMarketing: Digital MediaConsumersUnileverPartnershipsDept. FuelAssociates 0 Saving Bookmark this article Bookmarked
Channel: Convenience Wawa Joins Retail Media Network Club Wawa has launched Goose Media Network, the c-store chain’s retail media network (RMN), to give brands the opportunity to reach Wawa customers online as well as via the mobile app and videos played at the gas pump. Wawa worked with Publicis Groupe’s Publicis Sapient, Epsilon and CitrusAd to create the new offering. “Goose Media Network […] Retail TouchPoints February 27, 2024February 29, 2024 < 1 min read WaWaMarketing: Retail MediaAgenciesSustainabilityPricing & PromotionsPredictions and ForecastsPartnershipsMarketing: Social MediaInsight ProvidersHealth & Wellness7-Eleven & SpeedwayDept. Fuel 0 Saving Bookmark this article Bookmarked
Corporate Strategy WBA names Minnix EVP and global chief legal officer DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has named Lanesha Minnix the company’s executive vice president (EVP) and global chief legal officer. Minnix, most recently EVP, general counsel and corporate secretary for Ecolab, Inc., will assume her new role with WBA on April 15. Lanesha Minnix Minnix, who will report to WBA CEO Tim Wentworth […] MMR February 26, 2024February 26, 2024 2 min read ExecutivesLegal & CriminalHealth & WellnessWalgreensMarketing: Social MediaPredictions and ForecastsResults & InvestmentSustainabilityUnileverDept. PharmacyDept. Fuel 0 Saving Bookmark this article Bookmarked
Shopper & Customer Grocery Game-Changers: The Innovations Shaping How People Shop Grocery stores have been in a state of flux in recent years, influenced broadly by the economy and supply chain issues and, at the store level, by how consumers want to shop. This year, grocery bills are expected to exceed $300 a week, which in turn will impact the choices consumers are making at the […] Brian Brown February 26, 2024February 26, 2024 4 min read ConsumersDept. GroceryBrick and MortarPredictions and ForecastsDept. FreshEconomyTechnology & InnovationAssociatesCannabisPackagingDept. PerimeterDept. BeverageSustainabilityHealth & WellnessOperations & Supply ChainTrends: Food and BeverageTech: CashierlessDept. HBCMarketing: Loyalty & SubscriptionBOPISESG and CSRDept. Fresh PreparedDept. DairyDeliveryDept. FuelTech: RoboticsShoppersResults & InvestmentPricing & PromotionsPartnershipsMerchandisingMarketing: Trade 0 Saving Bookmark this article Bookmarked
Department & Category Volkswagen Recalls 260K Cars Over Fuel Leak Concerns Volkswagen has issued a recall for more than 260,000 compact cars in the United States due to a potential fuel leak hazard. RetailWire February 23, 2024February 23, 2024 < 1 min read Dept. Fuel 0 Saving Bookmark this article Bookmarked
Channel: Grocery Acquisitions, Divestitures & Mergers Trends & External Forces Court sets late August start date for hearing on Kroger-Albertsons merger A federal judge in Oregon will decide during the proceeding whether to grant the FTC’s request to block the transaction. Written by Grocery Dive March 12, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Channel: Restaurants Department & Category Department: Consumer Durables Department: Food Department: Nonfood ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Merchandising Kids Like to Go Out to Eat ask Chuck E. Cheese Don’t want to cook, don’t want to do dishes, well according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® your kids don’t want you hear you complain about cooking dinner either. Chuck E. Cheese has a new program for that has a great chance to make the entire family happy according […] Written by Grocerant Guru March 11, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Channel: Grocery Corporate Finance Publix reports 49% growth in net earnings in FY23 US supermarket chain Publix has reported net earnings of $4.3bn in FY23, marking a 49% increase from FY22’s $2.9bn. The post Publix reports 49% growth in net earnings in FY23 appeared first on Retail Insight Network. Written by Retail Insights Network March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Channel: Mass Corporate Finance Media & Marketing Agencies & Vendors Data & Insights Trends & External Forces Target Q4 2023 Earnings Recap Target reported Q4 and 2023 financial results at its annual investor day on March 5, 2024. Quarterly comp performance improved sequentially from Q2 to Q4, but 2023 ended with comps down -3.7%. Profitability outperformed expectations as the company realized $2B of operating income growth in 2023 and reported notable gross margin improvements. The stock was […] Written by The Harvest Group March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Trends & External Forces CPG: Food Channel: Ecommerce & Digital Channel: Grocery Channel: Mass Department & Category Department: Beverage Department: Food Department: HBC Acquisitions, Divestitures & Mergers Corporate Strategy Corporate Finance ESG Partnerships & Alt Profit Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Retail Operations Associates & Employees Operations & Supply Chain Owned Brands (Private Label) Stores & Formats Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024 Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth. Written by Kroger March 7, 2024March 8, 2024 Saving Bookmark this article Bookmarked