Dept. Fuel

  1. Department: Consumer Durables

Lego Abandons One of Its Projects To Make Oil-Free Bricks -FT

Danish toymaker Lego has reportedly abandoned a prominent initiative to eliminate oil-based plastics from its bricks. This decision comes after the company discovered that the new material, recycled polyethylene terephthalate (RPET), would result in higher carbon emissions. Lego’s CEO, Niels Christiansen, mentioned that extensive testing revealed it was challenging to find a material that met…
< 1 min read
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  1. Shopper & Customer

Smaller Menus Speed Up Service

  The old adage ‘time is money’ has not changed and if your menu has out grown it’s welcome it just might be tie to remove lot’s old menu items and add one or two new featured items to let your customers know your business is still relevant and not just a vestige of the […]
4 min read
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  1. Data & Insights

3 Ways Business Intelligence Can Transform Retail Delivery Fleet Management

In today’s landscape, retailers already know how valuable data can be. Many are compiling ever-increasing amounts of data that reveal precious insights into customer shopping habits. In fact, 62 percent of retailers report gaining a competitive advantage due to data analytics, according to IBM. But what might be less obvious is how data can overhaul […]
2 min read
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  1. Channel: Grocery

Kroger breaks ground on first Marketplace store

    [[“value”:” Kroger has started construction on its first Marketplace store in Plano, Texas, which will replace a smaller Kroger store nearby, reports local news outlet The Dallas Morning News. Kroger’s first Marketplace store is the largest format at 124,000 square — 55,000 square feet bigger than the existing store. The store location is […]
2 min read
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  1. Media & Marketing

Big Y updates loyalty program to offer more flexibility

    [[“value”:” Big Y Foods has revamped its myBigY Rewards loyalty program to offer shoppers more flexibility in the way they use their rewards points. It also appears to compete more directly with the Stop & Shop GO Rewards program offered by Big Y’s main rival in the region. Related: How Big Y’s […]
2 min read
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  1. Channel: Mass

Walmart Adds Subscription Service for Everyday Essentials

Walmart is continuing its encroachment onto Amazon’s turf with the addition of a new subscription service for repeat purchases, similar to Amazon’s Subscribe and Save offering. But Walmart took the moment to also remind customers of other capabilities enabled in the Walmart app that they won’t find on Amazon (without using those words of course), […]
3 min read
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  1. Channel: Mass

Walmart Adds Subscription Service for Everyday Essentials

Walmart is continuing its encroachment onto Amazon’s turf with the addition of a new subscription service for repeat purchases, similar to Amazon’s Subscribe and Save offering. But Walmart took the moment to also remind customers of other capabilities enabled in the Walmart app that they won’t find on Amazon (without using those words of course), […]
3 min read
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  1. Corporate Finance

Navigating the Challenges of Rapid Growth When Scaling Tech Startups

Imagine you’re at the helm of a tech startup—a brilliant idea, a small team, and the boundless energy of entrepreneurship fueling your journey. You’ve worked tirelessly to develop a product that fills a gap in the market, and suddenly, it happens: your startup takes off like a rocket. Rapid growth is a dream come true, […]
3 min read
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  1. Channel: Mass

Walmart, Target follow Amazon with early start to holiday sales

​[[“value”:” Dive Brief Consumer electronics retailer Best Buy has also stepped up, with deals set to start several weeks ahead of Black Friday and Cyber Monday. Published Sept. 19, 2023 A Walmart truck. Walmart, Target and Best Buy announced details about early holiday shopping deals this week. Provided by Walmart.  “]] 
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  1. Shopper & Customer

Creating a personalised shopping experience

[[“value”:” More recently, retailers have begun using beacon technology to create personalised shopping experiences. Credit: Prostock-studio/Shutterstock. In recent years, the retail industry has experienced a challenging environment following unforeseen events and consumers’ lifestyle changes. High inflation and the increased cost of living are limiting consumer spending as shoppers re-evaluate their priorities and cut back on […]
2 min read
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  1. Channel: Convenience

Pizza, Pizza, Pizza, Drives Casey’s General Stores Success

  Success does leave clues and at Casey’s General Stores once again it was Pizza, Pizza, Pizza that drive a strong first quarter, marked by an uptick in inside sales; you guessed it driven be pizza sales.  Regular reader of this blog know that Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® was […]
4 min read
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  1. Department & Category

Branded Convenience Store Food Drives Customer Adoption

  Once again, another food industry news and research firm edifies the findings of the work that Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® and his team have been doing since 1991. So, here we go, almost all of the retailers surveyed in the 2023 Convenience Store News Foodservice Study said they sell prepared […]
6 min read
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  1. Department & Category

Retail sales see slight August gains, reports Commerce and NRF

Commerce reported that total August retail sales, at $697.6 billion, were up 0.6% from July to August, and were up 2.5% annually. Total retail sales, from June through August, saw a 2.2% annual increase, it noted. NRF’s calculation of retail sales – which excludes automobile dealers, gasoline stations and restaurants to focus on core retail […]
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  1. Trends & External Forces

Inflation Up Slightly In August, & Food Prices Up Even Less

The Wall Street Journal reports that “US inflation accelerated in August due to a jump in gasoline costs, but underlying price pressures were likely mild enough to keep the Federal Reserve on track to hold interest rates steady next week. “The consumer-price index, a measure of goods and services prices across the U.S. economy, rose […]
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  1. Corporate Strategy

Howard Schultz To Leave Starbucks Board of Directors

Howard Schultz, the three-time CEO of Starbucks and the man who turned a small Seattle business into a global phenomenon, said yesterday that he is stepping down as a member of the company’s board. Schultz will retain the title of chairman emeritus. “I look forward to supporting this next generation of leaders to steward Starbucks […]
2 min read
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  1. Department & Category

Grocery food prices down slightly in August

    [[“value”:” Despite recent price drops across some categories, inflation appears to be still going strong, according to the latest monthly government consumer data. The Consumer Price Index increased 0.6% in the month of August, according to the Bureau of Labor Statistics. It’s the highest monthly increase of 2023 and a significant jump from […]
2 min read
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  1. Holiday & Events

Holiday retail sales forecasted to increase up to 4.6%

    [[“value”:” TOP TAKEAWAYS Retail holiday sales are forecasted to increase between 3.5% to 4.6% in 2023 In 2022, holiday sales grew by 7.6% in the same period Ecommerce holiday sales are projected to grow between 10.3% to 12.8% Holiday retail sales are predicted to increase between 3.5% to 4.6% in 2023, according to […]
2 min read
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  1. Stores & Formats

Couche-Tard to expand rollout of Circle K loyalty program

    [[“value”:” Couche-Tard is rolling out its Circle K loyalty program, the Innercircle platform, across various U.S. markets after going live with the initiative across 430 stores in Florida. The Innercircle is a free membership program that offers Circle K loyalty customers rewards on fuel and food, as well as personalized offers. Related: […]
2 min read
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  1. Shopper & Customer

What’s for Dinner? Grocerant Niche Ready-2-Eat and Heat-N-Eat Meal Components

  Look around, and talk to your friends and you will see that, Americans do not want to eat alone.  Don’t want to shop, and don’t want to cook, while man is a social and needs to connect with others and sharing a meal with friends, family, or even a stranger is preferred rather than […]
4 min read
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  1. Channel: Grocery

Kroger Reports Second Quarter 2023 Results and Reaffirms Guidance

The Kroger Co. (NYSE: KR) today reported its second quarter 2023 results, reaffirmed 2023 guidance and updated investors on how Leading with Fresh and Accelerating with Digital continues to position Kroger for long-term sustainable growth.
8 min read
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  1. Trends & External Forces

Your Views:  A Kick In The Head

I commented yesterday in FaceTime about a great piece in Entrepreneur about how employee cynicism and irony get in the way of employee engagement, which, when nurtured, actually can be a tangible business advantage. One MNB reader responded: Engagement Behavior, you are not the only one! Well said and from an HR perspective (and a […]
5 min read
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  1. Department: Food

Jimmy John’s Focus on Back to School and Back to the Office

  Building top-line sales and bottom-line profits requires customer focus, seasonal timing, and relevance.  Jimmy John’s understands that with September comes back to school, and back to the office for many more this year and is focusing in on helping ease the pain of that transition. According to Steven Johnson Grocerant Guru® at Tacoma, WA […]
3 min read
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  1. Associates & Employees

Hiring Expected To Slow; Retail To Take The Brunt Of The Trend

New government projections for the coming decade suggest that hiring is likely to slow down, and that retail will be of the segments likely to suffer the most. From Bloomberg: “US employment gains will slow significantly and be more concentrated across few sectors in the decade through 2032 as population growth moderates, fresh government estimates […]
2 min read
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  1. Department: Consumer Durables

Lego Plans $1.4 Billion Sustainability Investment Over Next 3 Years

The Lego Group will triple its sustainability investments over the next three years, spending $1.4 billion to design carbon-neutral buildings and facilities and boost production of renewable energy at its sites. These plans are part of the brand’s near-term climate target of reducing greenhouse gas (GHG) emissions 37% by 2032 compared to a 2019 base […]
2 min read
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  1. Department & Category

LEGO to Invest $1.4B in Sustainability Initiatives

The LEGO Group announced last week its pledge to achieve net-zero greenhouse gas (GHG) emissions by 2050 as part of its continued efforts to reduce environmental impact. The pledge is an extension of its existing near-term climate target to reduce GHG emissions by 37 percent by 2032 from a 2019 base, according to a company […]
2 min read
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  1. Department: Consumer Durables

Lego Plans $1.4 Billion Sustainability Investment Over Next 3 Years

The Lego Group will triple its sustainability investments over the next three years, spending $1.4 billion to design carbon-neutral buildings and facilities and boost production of renewable energy at its sites. These plans are part of the brand’s near-term climate target of reducing greenhouse gas (GHG) emissions 37% by 2032 compared to a 2019 base […]
2 min read
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  1. Department: Beverage

Affordable Energy Solutions for SMBs: Tips for Managing Costs

Your small or medium-sized business’s success is important, so it’s possible that you won’t give your energy costs much thought. However, monitoring your energy efficiency and making the necessary adjustments given the rise in energy prices is essential. A significant amount of money can be saved by reducing your company’s energy consumption, freeing up funds […]
3 min read
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  1. Partnerships & Alt Profit

The Weekly Closeout: Academy Sports and Outdoors expands assortment, and has pumpkin spice gone too far?

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about.  From a new global brand president at […]
4 min read
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  1. Department: Consumer Durables
  2. Department: Consumer Durables
  3. Corporate Strategy

Lego Abandons One of Its Projects To Make Oil-Free Bricks -FT

Danish toymaker Lego has reportedly abandoned a prominent initiative to eliminate oil-based plastics from its bricks. This decision comes after the company discovered that the new material, recycled polyethylene terephthalate (RPET), would result in higher carbon emissions. Lego’s CEO, Niels Christiansen, mentioned that extensive testing revealed it was challenging to find a material that met…
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  1. Channel: Drug
  2. Shopper & Customer
  3. Trends & External Forces
  4. Stores & Formats

CVS Is Permanently Closing Hundreds of Stores for a Surprising Reason

As the pandemic’s impact on brick-and-mortar retail lingers, the U.S. drugstore landscape is undergoing significant changes. CVS, the largest drugstore chain in America, is implementing a policy change that will lead to the closure of hundreds of stores over the next three years, aiming to optimize store locations based on population shifts and consumer buying…
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  1. Channel: Ecommerce & Digital
  2. Corporate Strategy
  3. Media & Marketing
  4. Data & Insights
  5. Shopper & Customer
  6. Technology & Innovation
  7. Trends & External Forces

Amazon Invests $4 Billion in AI Company Anthropic

Amazon will invest up to $4 billion in Anthropic and gain a minority ownership position in the company, part of a deal that will have Amazon Web Services (AWS) become Anthropic’s primary cloud provider. Anthropic will make its future AI foundation models accessible to million of developers, as well as provide AWS customers with early […]
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  1. Channel: Marketplace
  2. Partnerships & Alt Profit
  3. Media & Marketing
  4. Retailer Media

Shopify Audiences Adds Criteo, Its First Open Web Ads Partner

Shopify Audiences debuted last year with only Google and Meta. In January, Pinterest was added to the mix. Now TikTok, Snap and, notably, Criteo will be able to plug into The post Shopify Audiences Adds Criteo, Its First Open Web Ads Partner appeared first on AdExchanger.
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