Dept. Fuel

  1. Operations & Supply Chain

Five Shipping Tips To Benefit Your Ecommerce SMB Strategy

The growing ecommerce landscape represents an incredible opportunity for SMBs, allowing them to expand their reach into new geographies and connect with customers worldwide. That said, ecommerce growth does come with challenges to overcome.  One of the most significant issues of all is figuring out how you’re going to manage the complexities of shipping, both […]
5 min read
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  1. Technology & Innovation

Are LLMs About To Hit A Wall?

Each new generation of large language model consumes a staggering amount of resources.  Meta, for instance, trained its new Llama 3 models with about 10 times more data and 100 times more compute than Llama 2. Amid a chip shortage, it used two 24,000 GPU clusters, with each chip running around the price of a […]
5 min read
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  1. Trends & External Forces

Where Does One U.S. Tax Dollar Go?

See this visualization first on the Voronoi app. Where Does One U.S. Tax Dollar Go? This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Come tax season, a common refrain is: “what do my taxes even […]
3 min read
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  1. Department & Category

Walmart Suppliers Deliver Greenhouse Gas Reductions 6 Years Early

Here’s some positive sustainability news for Earth Month. Walmart introduced Project Gigaton in 2017 with an ambitious goal: reducing, avoiding or sequestering one gigaton — that’s 1 billion metric tons — of greenhouse gas emissions by 2030. The more than 5,900 Walmart suppliers that now participate in the Project Gigaton consortium have delivered on that […]
2 min read
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  1. Corporate Finance

Choosing the Right Funding to Fuel Your Brand’s Growth

Growing your business to a household name is the dream of every entrepreneur. However, achieving this level of recognition requires more than just ambition; it demands strategic planning, resource allocation, and often, significant financial investment. Access to capital isn’t always easy to come by, however. In fact, a study by U.S. Bank found that eighty-two […]
5 min read
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  1. Technology & Innovation

Including Wonder, mmERCH, and Pandion: ten retail technology funding rounds you need to know about

RTIH rounds up ten retail systems ventures who have recently secured significant investments in their businesses, including blockchain enabled Web3 fashion startups, customer journey management platforms, and computer vision and AI powered warehouse inventory monitoring solutions. 1. TheyDo Customer journey management platform, TheyDo, has secured an additional $34 million in a Series A+ funding round. […]
7 min read
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  1. Department: Food

Meijer plans to open two supercenters in Ohio, one in Michigan

GRAND RAPIDS, Mich. — Meijer will open two new 159,000-square-foot supercenters, in Alliance and North Canton, Ohio, on May 14, increasing the retailer’s store count to 55 in the state. Meijer previously announced plans to open a 159,000-square-foot supercenter in Hillsdale, Mich. That store is also scheduled to open on May 14. The Ohio supercenters […]
3 min read
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  1. Trends & External Forces

Moderate growth seen for retail sales this year

WASHINGTON — Retail sales this year will increase between 2.5% and 3.5% from 2023 levels, according to the latest forecast from the National Retail Federation (NRF), which foresees sales rising to between $5.23 trillion and $5.28 trillion. “The resiliency of consumers continues to power the American economy, and we are confident there will be moderate […]
3 min read
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  1. Stores & Formats

How Malls Are Making a Comeback in 2024

Shopping Centers have proved their resilience over the past couple of years, staging an impressive comeback following the back-to-back challenges of COVID restrictions and inflation. But although foot traffic is bouncing back, shopping habits are changing — and leading malls are trying new tactics to draw consumers through their doors. Analyzing location intelligence metrics for […]
3 min read
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  1. Trends & External Forces

Report: Retail Sales Grew at a Steady Pace in March

Retail sales grew at a steady pace in March in part due to wage gains and easing inflation for goods, according to the CNBC/NRF Retail Monitor report, powered by Affinity Solutions, released on Monday by the National Retail Federation (NRF). According to the Retail Monitor report, total retail sales were up 2.72 percent unadjusted year-over-year […]
2 min read
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  1. Data & Insights

Census data shows retail sales gains in March

WASHINGTON – Data released by the U.S. Census Bureau on Monday shows that retail sales continued to increase in March as tax refunds and job growth put more money in shoppers’ pockets, National Retail Federation Chief Economist Jack Kleinhenz said. “March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite […]
< 1 min read
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  1. Department: Nonfood

CNBC/NRF: Retail sales grew at a steady pace in March

WASHINGTON – Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. “As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” […]
2 min read
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  1. Corporate Strategy

Scope Zero Releases Case Study Highlighting Success of Carbon Savings Account® Pilot with New York Life

SAN FRANCISCO, CA — Scope Zero, a financial and environmental wellness platform, today announced that it has released its first case study highlighting the successful 2023 pilot of its Carbon Savings Account® (CSA) with New York Life, the largest mutual life insurance company in the United States. The Carbon Savings Account® (CSA) is an employee […]
2 min read
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  1. Data & Insights

February Sales Signal change is coming

What began during the pandemic as a solution for customers navigating the absence of in-store shopping and fitting rooms has evolved into a significant logistical challenge. As we reported on last week, February sales in the furniture, mattress, and footwear industry saw some impressive improvement compared to last year. But these improvements are overshadowed by […]
2 min read
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  1. Department & Category

Grocerant Guru: AI Meets Appetizers at Re-Up Convenience Stores

  Technology is important but it never replaces flavorful fresh food service fast according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®.   Johnson is your one-stop source for all things Ready-2-Eat and Heat-N-Eat fresh prepared at grocery stores, convenience stores, and within the restaurant sector. Today, we’re shining a spotlight on Re-Up, […]
2 min read
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  1. Trends & External Forces

How Do Democrats and Republicans Feel About Certain U.S. Industries?

See this visualization first on the Voronoi app. Industry Favorability, by Political Party 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. Much and more has been written, in the last decade particularly, about the U.S. […]
3 min read
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  1. Department & Category

UK bakery chain Greggs flags progress being made towards its 2025 sustainability targets

Greggs has published its fourth annual sustainability report, which outlines the progress made towards its 2025 green targets and sets out key focus areas for the year ahead.  Three-years into a five-year sustainability plan, Greggs says that it has made significant progress on its ten commitments and has reached the following key milestones:  ·       896 […]
2 min read
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  1. Channel: Convenience

Buc-ee’s expansion could have highest impact on Shell, Exxon Mobil, and Circle K

Track Gas Station spending for free Access chart data in Dash. Around 73% of Buc-ee’s customers also shopped at Shell in the trailing 12 months ended March 24, 2024 according to Earnest credit card data. It is just one sign that the gas station chain is making inroads with incumbent gas station brands. The jumbo-sized […]
2 min read
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  1. Channel: Grocery

Albertsons Cos. debuts simplified loyalty program

BOISE, Idaho—Albertsons Cos. has launched a new, simpler version of its “for U” loyalty program, designed to provide more value and greater ease for the retailer’s 38 million loyalty program members. The program now uses a single points-based system, giving customers twice as much time to earn points and a new automatic cash-off option for […]
2 min read
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  1. Technology & Innovation

AI powered convenience store chain Re-Up teams with Nala Robotics to deploy autonomous kitchens

AI powered gas stations and convenience stores specialist, Re-Up, is installing autonomous chefs at locations powered by Nala Robotics. The Wingman is an autonomous fry station that can be added or configured to any restaurant or commercial food service operation. Re-Up will leverage Nala Robotics’ artificial intelligence technology to enhance its food service offerings, enabling […]
2 min read
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  1. Department & Category

Lookout Wendy’s, Burger King, Taco Bell Here are 10 Reasons Convenience Stores Are Eating Your Lunch

  When consumers ask, What’s for Breakfast, Lunch, or Dinner for decades, fast food restaurants have been the go-to for busy folks seeking a quick and easy bite. But a new contender is emerging, and it’s lurking around every corner: the convenience store. Grocerant niche Ready-2-Eat and Heat-N-Eat fresh prepared food offered at convenience stores […]
3 min read
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  1. Data & Insights

Navigating the Future: 3 Critical Predictive AI Challenges Retailers Can Overcome in 2024

Artificial intelligence integration is coming of age in the retail industry. Eighty percent of retailers are expected to adopt AI within the next three years, and according to a recent IDC Europe study, 40 percent of retailers are already in the experimentation phase with generative AI. While generative AI (think AI assistants and ChatGPT) is […]
3 min read
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  1. Corporate Purpose

One Year Since Bud Light’s Marketing Blunder: What Did We Learn?

Yes, hindsight is 20/20. As we reach the anniversary of Bud Light’s marketing blunder, we’ve taken a look back into what really happened to fuel the iconic brand’s crisis. In the year following Bud Light’s cancellation, the company faced material backlash from both the LGBTQ+ and conservative communities for their transgression of core brand values. […]
< 1 min read
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  1. Data & Insights

AI in Retail (AiR) Spotlight Session Takeaways at Shoptalk 2024

Following a tremendously successful AiR Conference in New York City, RETHINK Retail continued the conversation at Shoptalk Las Vegas with AI in Retail (AiR) Spotlight Sessions. This presented an invaluable opportunity to demonstrate to the retail sector how Generative AI (GenAI) advancements present new opportunities and applications to fuel operational optimization, impacting areas like inventory […]
5 min read
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  1. 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, […]
2 min read
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  1. Corporate Finance

Fueling Retail Expansion: Exploring Financing Options For Business Growth

For retailers looking to expand their operations, securing financing is a crucial step to fuel growth. Whether opening new locations, renovating existing stores, or investing in technology and inventory, retail expansion requires significant capital investment.  Financing this growth remains a significant challenge for many retailers, from small boutiques to large chains. The good news is […]
3 min read
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  1. Corporate Finance

What Retailers Need To Know When Applying For Secured Loans

Retailers often find themselves in need of additional capital to fund their operations, whether it’s for inventory, expansion, or covering operational costs. One option available to them is a secured loan, which can provide the necessary funds while offering attractive terms. However, the application process for secured loans can be daunting, with lenders imposing stringent […]
3 min read
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  1. Channel: Mass
  2. Channel: Mass
  3. Department: Consumer Durables
  4. Department: Nonfood
  5. Media & Marketing
  6. Data & Insights
  7. Shopper & Customer
  8. Trends & External Forces
  9. Merchandising
  10. Operations & Supply Chain

Target’s April 2024 Circle Sale was its largest by sales lift

Track General Merchandise spending free Access chart in Dash. Target’s April Circle Sale generated 7% more sales than the weekly average in the previous 4 weeks according to Earnest credit card data. This represents a 2 point acceleration in the Circle Sale’s contribution to Target’s topline compared to Target’s October sale. Target Circle is a […]
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  1. Department: Consumer Durables
  2. Media & Marketing
  3. Data & Insights
  4. Shopper & Customer
  5. Trends & External Forces
  6. Stores & Formats

TikTok Shop customers spend more at lower ticket apparel retailers

Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […]
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  1. Trends & External Forces
  2. Corporate Finance
  3. Corporate Purpose
  4. ESG
  5. Media & Marketing
  6. Data & Insights
  7. Technology & Innovation
  8. Trends & External Forces
  9. Associates & Employees

Where Does One U.S. Tax Dollar Go?

See this visualization first on the Voronoi app. Where Does One U.S. Tax Dollar Go? This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Come tax season, a common refrain is: “what do my taxes even […]
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