Trends & External Forces Retailers Increasingly Challenged by Theft, Organized Retail Crime Retail theft and organized retail crime (ORC) have been cited as serious problems and the leading cause of inventory shrink by leading retail CEOs during first quarter earnings calls and media interviews over the past week. Indeed, retailers are being hit with a large number of thefts and in some cases are closing stores and pulling out […] Melissa Campanelli May 23, 2023May 23, 2023 2 min read Legal & CriminalTargetResults & InvestmentExecutivesBrick and MortarOperations & Supply ChainMerchandisingHome Depot 0 Saving Bookmark this article Bookmarked
Media & Marketing What We (Still) Get Wrong About Physical Retail–And Why It Matters This week we go guest free to tackle some of the more pernicious misperceptions, missteps, and false narratives that continue to get in the way of retailers’ making the strategic progress they so urgently need. As the Covid sales bump disappears and consumer demand wanes we will–as Warren Buffet famously said–“get to see who’s been […] Remarkable Retail Podcast May 23, 2023May 23, 2023 2 min read Marketing: SocialPodcastsDept. GroceryInternational - North AmericaAmazonTwitterTechnology & InnovationData & InsightsResults & InvestmentConsumersCOVID19TargetDept. ApparelHome DepotConsultingShoppersWalmart 0 Saving Bookmark this article Bookmarked
Channel: Mass Five takeaways about the consumer from Walmart, other retailers after a big week of earnings [[“value”:”Walmart, Home Depot and Target offered up the latest clues about the health of the American consumer and previewed what could be ahead for the economy.”]] CNBC May 20, 2023May 20, 2023 < 1 min read WalmartConsumersResults & InvestmentEconomyTargetHome DepotHealth & Wellness 0 Saving Bookmark this article Bookmarked
Channel: Mass Target Estimates 2023 Retail Theft Will Hit $1 Billion CNBC reports that as Target released its quarterly numbers this week, it also pointed out a major drag on earnings – organized retail theft, which was $763 million in 2022 and is projected to be as much as $1 billion this year. The story notes that “organized retail crime has become a hot-button issue in […] 0 Author Missing May 19, 2023May 19, 2023 2 min read TargetLegal & CriminalBrick and MortarResults & InvestmentWalgreensWalmartShoppersMerchandisingHome DepotExecutivesDept. NonfoodDept. FreshCVSBest Buy 0 Saving Bookmark this article Bookmarked
Channel: Mass Walmart Reports Strong Q1 Results as Grocery Leads the Way Walmart raised its full-year forecast Thursday, as fiscal first-quarter sales rose nearly 8 percent and its large grocery business helped offset weaker sales of clothing and electronics. The retailer now anticipates consolidated net sales will rise about 3.5 percent in the fiscal year. Nearly 60 percent of Walmart’s annual U.S. sales come from groceries. In the quarter, […] Joe Keenan May 19, 2023May 19, 2023 < 1 min read WalmartConsumersResults & InvestmentTargetMarketing: UGCOmnichannelPredictions and ForecastsWeatherDept. ApparelDept. GroceryDept. NonfoodEconomyExecutivesOperations & Supply ChainHome Depot 0 Saving Bookmark this article Bookmarked
Channel: Mass Walmart will report earnings before the bell. Here’s what to watch The discounter’s report comes after Home Depot and Target reported weaker sales trends. CNBC May 18, 2023May 18, 2023 < 1 min read WalmartResults & InvestmentTargetHome Depot 0 Saving Bookmark this article Bookmarked
Trends & External Forces Retail Sales Increase Slightly in April, But Less Than Forecast Consumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department reported Tuesday. The advanced sales report showed an increase of 0.4 percent, below the Dow Jones estimate for 0.8 percent. Excluding auto-related figures, sales increased 0.4 percent, which was in line with expectations. As the numbers are not […] Joe Keenan May 17, 2023May 17, 2023 2 min read ConsumersEconomyDept. NonfoodResults & InvestmentPredictions and ForecastsMarketing: UGCDept. FuelOperations & Supply ChainHome DepotData & InsightsShoppersRestaurantsThick Data 0 Saving Bookmark this article Bookmarked
Channel: Mass Target expects organized retail crime-fueled losses to jump by $500 million this year [[“value”:”Other retailers such as Home Depot and Walmart have also spoken out about rising theft and blamed online marketplaces.”]] CNBC May 17, 2023May 17, 2023 < 1 min read TargetWalmartLegal & CriminalHome Depot 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Why Home Depot’s weak outlook could be a warning sign for Target earnings [[“value”:”Home Depot signaled that consumers are pulling back on discretionary spending even during the busier spring season.”]] CNBC May 16, 2023May 16, 2023 < 1 min read Home DepotTargetResults & InvestmentConsumers 0 Saving Bookmark this article Bookmarked
Trends & External Forces Home Depot Posts 4.2% Sales Decline Following Years of ‘Unprecedented Growth’ The Home Depot posted its weakest quarter in years, with Q1 2023 seeing a 4.5% comparable sales decline year-over-year. Total sales were $37.3 billion, down 4.2% from Q1 2022. The declines were attributed to a slowdown following three years of “unprecedented growth” in which the retailer boosted its sales by over $47 billion, according to […] Retail TouchPoints May 16, 2023May 17, 2023 2 min read Home DepotWeatherOperations & Supply ChainAssociatesMarketing: SocialExecutivesWalmartSustainabilityEconomyCOVID19Results & InvestmentConsumersPartnerships 0 Saving Bookmark this article Bookmarked
Shopper & Customer Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects The home improvement retailer said customers are taking on smaller projects and skipping big-ticket purchases, such as patio sets and grills. CNBC May 16, 2023May 22, 2023 < 1 min read ConsumersPredictions and ForecastsHome Depot 0 Saving Bookmark this article Bookmarked
Trends & External Forces Home Depot just forecast weak consumer demand — here’s what that could mean for the rest of the economy [[“value”:”The broader-market implications of Tuesday morning’s post-earnings stock move for Home Depot are going to be significant.”]] CNBC May 16, 2023May 16, 2023 < 1 min read EconomyHome DepotPredictions and ForecastsConsumersResults & Investment 0 Saving Bookmark this article Bookmarked
Associates & Employees Home Depot Joins Retailers Making Big Payroll Investment CNBC reports on Home Depot’s decision to invest $1 billion this year “to increase hourly wages for every one of its frontline workers,” despite projections that its annual sales and profits will be flat this year. (Economic realities mean that people aren;’t spending as much money on home improvement products, plus many did all that […] MorningNewsBeat May 3, 2023May 3, 2023 2 min read AssociatesResults & InvestmentHome DepotStrategyCompetitionCustomer ExperienceEconomyExecutivesConsumersMarketing: In StoreShoppersTargetCOVID19Walmart 0 Saving Bookmark this article Bookmarked
Trends & External Forces Home Depot sees pay raise for workers as a good investment Home Depot is going ahead with its plan to invest $1 billion in employee wages even as the economy is slowing. CFO Richard McPhail told analysts on the chain’s earnings call in February that it is focused on gaining market share and that its “orange-blooded associates” give it a “unique advantage” over its competition. RetailWire May 1, 2023May 1, 2023 < 1 min read Results & InvestmentAssociatesHome DepotEconomyCompetitionMarketing: In StoreExecutives 0 Saving Bookmark this article Bookmarked
Corporate Finance What Home Depot’s billion-dollar pay raise may help prove about workers [[“value”:”Home Depot’s $1 billion investment in wages as sales slow took Wall Street by surprise, but paying workers more can pay off for big companies.”]] CNBC April 30, 2023April 30, 2023 < 1 min read Home DepotAssociatesResults & InvestmentEconomy 0 Saving Bookmark this article Bookmarked
Retailer Media Home Depot Promotes Insider to New Retail Media and Monetization Post The Home Depot has named Melanie Babcock to the new position of VP, Retail Media+ and Monetization, responsible for providing improved supplier experiences while driving new sources of ad revenue, profitability and sales. Launched in 2019, the Retail Media+ organization offers suppliers managed service and self-service media buying opportunities on both physical and digital retailer-owned […] Retail TouchPoints April 13, 2023April 19, 2023 < 1 min read Marketing: Retail MediaHome DepotShoppersExecutivesPricing & PromotionsPartnershipsMarketing: ShopperMarketing: Direct & PersonalizationESG and CSR 0 Saving Bookmark this article Bookmarked 4
Retailer Media The Home Depot names vice president of its retail media network Melanie Babcok takes on the role as many retailers delve into advertising as an additional revenue stream. RetailDive April 13, 2023April 18, 2023 < 1 min read Marketing: Retail MediaHome Depot 0 Saving Bookmark this article Bookmarked
Retailer Media Home Depot Promotes Insider to New Retail Media and Monetization Post The Home Depot has named Melanie Babcock to the new position of VP, Retail Media+ and Monetization, responsible for providing improved supplier experiences while driving new sources of ad revenue, profitability and sales. Launched in 2019, the Retail Media+ organization offers suppliers managed service and self-service media buying opportunities on both physical and digital retailer-owned […] Retail TouchPoints April 12, 2023April 13, 2023 < 1 min read Marketing: Retail MediaHome DepotShoppersExecutivesPricing & PromotionsPartnershipsMarketing: ShopperMarketing: Direct & PersonalizationESG and CSR 0 Saving Bookmark this article Bookmarked
Merchandising Retail Assortment Strategies: What Are They & How Do They Work? As a retailer, getting shoppers into your store is the first big hurdle, but then comes an even more complex beast—getting them to make a purchase. One essential component of this is using the best retail assortment strategy for your store. For some retailers, simply offering a wide variety of items is the key, even […] Wiser Retail Strategies April 11, 2023April 11, 2023 6 min read MerchandisingShoppersStrategyDept. ApparelBrick and MortarStore LocationConsumersTargetMarketing: In StoreDept. BeverageLowesWeatherDept. FreshStore FormatWalmartDept. FrozenHome DepotData & InsightsMarketing: TradeDept. PerimeterTechnology & InnovationOperations & Supply ChainDept. BakeryMarketing: ShopperHoliday & EventsDollar TreeDept. Sporting goodsDept. DairyAmazon 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Home Depot Invests $10 Million in Charitable Efforts for 2023 with Focus on Accessibility The Home Depot Foundation, the charitable arm of The Home Depot, has pledged to invest $10 million in community service projects for 2023 in celebration of the 30-year anniversary of The Home Depot’s associate volunteer force, Team Depot. The Home Depot Foundation has partnered with more than 10,000 nonprofit organizations since 2011, with Team Depot […] Retail TouchPoints April 4, 2023April 4, 2023 2 min read Home DepotPhilanthropyResults & InvestmentAssociatesShoppersPartnershipsPredictions and ForecastsSustainabilityDept. Natural / Organic 0 Saving Bookmark this article Bookmarked
Trends & External Forces Retail industry’s theft analyses called into question Retailers and law enforcement agree that organized retail theft is a significant problem. How big a problem remains in question as there are currently no independent means to verify industry reports. Home Depot says theft increased in the double digits over the past year. Walgreens said it might have “cried too much” when talking about […] RetailWire March 20, 2023March 20, 2023 < 1 min read Legal & CriminalWalgreensHome Depot 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Home Depot names new head of merchandising Billy Bastek, who has been with the retailer for 33 years, replaces Jeff Kinnaird, who has left the company. RetailDive March 15, 2023March 15, 2023 < 1 min read MerchandisingHome Depot 0 Saving Bookmark this article Bookmarked
Channel: Mass Walmart leads NRF’s list of top global retailers WASHINGTON – Walmart maintains its No. 1 position on the National Retail Federation’s latest list of the Top 50 Global Retailers. Conducted by Kantar, the 2023 list ranks the world’s most impactful retailers based on their operations at the beginning of 2022. Kantar’s ranking system gives points to retailers according to their domestic and international […] MMR March 9, 2023March 9, 2023 < 1 min read WalmartInsight ProvidersOperations & Supply ChainData & InsightsAhold DelhaizeInternationalAldiAmazonAssociatesCostcoCOVID19ExecutivesHome DepotResults & InvestmentTechnology & Innovation 0 Saving Bookmark this article Bookmarked 5
Technology & Innovation Home Depot takes Kids Workshops to the metaverse on Roblox Players will have the ability to browse a virtual Home Depot and build a project, similar to if they attended an in-person workshop. MarketingDive March 4, 2023March 4, 2023 < 1 min read MetaverseHome DepotTrends: Tech 0 Saving Bookmark this article Bookmarked
Associates & Employees Kroger Plans $770M Investment in Raising Wages, Boosting Benefits for Frontline Workers Kroger will make a more than $770 million incremental investment in its associates during 2023 in order to raise average hourly rates, improve healthcare options and build new training and development opportunities, among other plans. This initiative builds on the $1.9 billion Kroger has invested in its workers since 2018. The grocer’s investments in its […] Retail TouchPoints March 3, 2023March 3, 2023 2 min read AssociatesKrogerResults & InvestmentOperations & Supply ChainShoppersHealth & WellnessExecutivesHome DepotStrategyPricing & PromotionsMerchandisingDept. PerimeterHoliday & EventsDollar TreeDept. GroceryDept. FreshTarget 0 Saving Bookmark this article Bookmarked
Shopper & Customer Michaels Launches an Online Marketplace Specialty arts and crafts retailer Michaels is getting into the online marketplace game, announcing Monday it would feature a curated selection of third-party sellers and increase its U.S. online assortment by 750,000 SKUs. “The launch of Michaels’ curated marketplace for arts, crafts and décor is the next phase of our ongoing digital transformation to be […] Marie Albiges March 2, 2023March 2, 2023 < 1 min read ConsumersMerchandisingShoppersExecutivesDept. NonfoodThick DataTechnology & InnovationHome DepotDept. Toys & GamesBed Bath & Beyond 0 Saving Bookmark this article Bookmarked 4
Merchandising Michaels Aims to Enlarge Online Assortment More than 4X with Digital Marketplace Michaels has launched an online marketplace featuring an expanded product assortment from a curated selection of third-party sellers. The marketplace is designed to exponentially grow Michaels’ online assortment in both new and existing categories by taking the product assortment on its U.S. site from 250,000 to more than 1 million SKUs. Michaels’ marketplace also is […] Retail TouchPoints March 1, 2023March 1, 2023 2 min read MerchandisingShoppersDept. NonfoodTechnology & InnovationPricing & PromotionsPartnershipsHome DepotExecutivesDept. Toys & GamesAssociates 0 Saving Bookmark this article Bookmarked
Corporate Finance Major retailers expected to announce sluggish earnings After a steady 2022, Walmart and Home Depot are already projecting a rough 2023; more companies set to do same Supermarket News February 28, 2023February 28, 2023 < 1 min read Results & InvestmentWalmartHome Depot 0 Saving Bookmark this article Bookmarked
Retail Ecosystem The Brave New World of Retail Real Estate with the ICSC’s Tom McGee This week we do a deep dive into the rapidly changing world of retail real estate with Tom McGee, the CEO of the ICSC, the industry’s biggest trade association. In a wide ranging conversation we get Tom’s view of how the industry continues to evolve from legacy concepts to marketplaces, what the pandemic did to […] Remarkable Retail Podcast February 28, 2023February 28, 2023 3 min read PodcastsMarketing: SocialIndustry Conferences and EventsExecutivesTechnology & InnovationEconomyConsultingInternationalDept. GroceryTargetBrick and MortarAmazonPredictions and ForecastsResults & InvestmentDept. BeverageStore LocationTwitterInternational - North AmericaConsumersMarketing: In StoreStrategyCOVID19Customer ExperienceData & InsightsShoppersHome DepotPhilanthropyPartnershipsAssociatesWalmart 0 Saving Bookmark this article Bookmarked
Retail Ecosystem Prof G Markets: Home Depot and the Housing Crisis, Stellantis Beats Tesla, and the Lithium Market This week on Prof G Markets, Scott breaks down why Home Depot’s disappointing earnings are indicative of healthy market trends. He also takes a look at promising earnings from Stellantis, the second largest EV seller in Europe behind Volkswagen and ahead of Tesla. Finally, Scott explains why companies and resources are nationalized, and discusses what […] The Prof G Show February 27, 2023February 27, 2023 < 1 min read PodcastsHome DepotResults & InvestmentInternational - North America 0 Saving Bookmark this article Bookmarked
Channel: Mass Channel: Grocery - Natural Channel: Mass Channel: Specialty & Other Department & Category Department: Consumer Durables Department: Nonfood Corporate Strategy Media & Marketing Shopper & Customer Trends & External Forces Merchandising Stores & Formats Target Leapfrogs Walmart For Upscale Grocery Approach Bloomberg has a story about how “a slew of retailers are beefing up their grocery investments to lure in consumers cutting back on non-essentials like clothing and electronics. But as they lay out plans to improve their food offerings and supply chains, the big question is how does one compete with the mighty Walmart Inc. on […] Written by MorningNewsBeat June 8, 2023June 8, 2023 Saving Bookmark this article Bookmarked
Department: Beverage CPG: Adult Beverage CPG: Beverage CPG: Food CPG: Food & Bev CPG: HBC Channel: Ecommerce & Digital Channel: Restaurants Department & Category Department: Adult Beverage Department: Beverage Department: Food Department: HBC Department: Nonfood Corporate Strategy Corporate Finance Corporate Purpose ESG Media & Marketing Agencies & Vendors Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Merchandising Operations & Supply Chain Circana reveals 2022 New Product Pacesetters CHICAGO – Circana, formerly IRI and The NPD Group, has released its 2022 New Product Pacesetters, the 28th annual report revealing the top new product launches across food and beverage and nonfood sectors. The report illustrates the enduring power of CPG innovation, revealing that consumer spending on new product offerings remained elevated last year despite challenges […] Written by MMR June 8, 2023June 8, 2023 Saving Bookmark this article Bookmarked
Channel: Mass Channel: Mass Acquisitions, Divestitures & Mergers Media & Marketing Retailer Media Shopper & Customer Trends & External Forces Owned Brands (Private Label) Walmart Upgrades Its Digital Ad Network From Advertising Age: “Walmart Connect, which has made huge gains in recent years through digital advertising, is testing ways to bolster in-store pieces of its retail media network. “For the first time, Walmart Connect is selling ads on its revamped in-store radio network and integrating sampling programs with online offerings. While aspects of Walmart Connect’s […] Written by MorningNewsBeat June 7, 2023June 8, 2023 Saving Bookmark this article Bookmarked
Channel: Grocery Trends & External Forces Stores & Formats H-E-B expands its discount format Several years after opening its last Joe V’s location, H-E-B is reigniting the banner with two locations set to open in Dallas by 2025. Dive Brief: H-E-B announced Tuesday it is opening two Joe V’s Smart Shop by H-E-B stores in Dallas, marking the first time the grocer’s discount format will appear outside of the Houston area. […] Written by Grocery Dive June 7, 2023June 8, 2023 Saving Bookmark this article Bookmarked
Retailer Media ESG Media & Marketing Retailer Media Shopper & Customer Operations & Supply Chain Giant Eagle launches in-house retail media network Leap The platform leverages the chain’s loyalty program, bringing personalized ads to shoppers in-store, in-app, on social media and elsewhere, said Damian Scott, who heads up the grocer’s retail media and front-end digital operations. Dive Brief: Giant Eagle announced on Wednesday the debut of Leap Media Group, an in-house retail media arm that leverages the regional […] Written by Grocery Dive June 7, 2023June 8, 2023 Saving Bookmark this article Bookmarked