Data & Insights APIs Drive Omnichannel Growth by Connecting Real-Time Transaction Data Across Channels For most of the time that retailers have existed, the only option shoppers had when they wanted to buy something was to go to a physical store and purchase in person. Then came eCommerce, which added online shopping to the mix, and more recently, the emergence of the omnichannel commerce concept, which some industry players […] Pymnts.com May 27, 2022May 27, 2022 3 min read Data & InsightsOmnichannelConsumersShoppersStrategyResults & InvestmentCOVID19Brick and MortarMarketing: Loyalty & SubscriptionPredictions and ForecastsLegal & CriminalTrends: RetailTrends: FinanceTechnology & InnovationPricing & PromotionsExecutivesOperations & Supply ChainMarketing: In StoreMarketing: SocialInternational - UKWarby ParkerESG and CSRAmazon 0 Saving Bookmark this article Bookmarked
Shopper & Customer 2 Key Strategies for Reducing Shopping Cart Abandonment In this episode of Retail Right Now, Total Retail’s Joe Keenan and Kristina Stidham discuss an article recently published by Total Retail titled, “Tips for Preventing Shopping Cart Abandonment,” authored by Isaac Gurary, CEO of NoFraud. This article shares two key strategies to combat rising product prices and optimize the customer checkout experience. It’s critical that […] Kristina Stidham May 27, 2022May 27, 2022 < 1 min read ShoppersExecutives 0 Saving Bookmark this article Bookmarked
Technology & Innovation Tammy Girl returns to action as it makes debut on Asos After a 17 year hiatus, Tammy Girl is back, with fast fashion giant Asos relaunching the brand on its website. In 2005, Tammy Girl closed its high street stores after being bought by BHS, leaving UK pre-teens distraught. Manchester based, digital fashion firm, Daisy Street acquired the brand and partnered with Asos for a capsule […] Retail Technology Innovation Hub May 26, 2022May 26, 2022 2 min read Technology & InnovationReturnsPartnershipsShoppersDept. ApparelData & InsightsExecutivesInternational - UKConsumersStrategyDept. PetBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar Tree posts gains in sales and profits Dollar Tree reported a 6.5 percent sales gain in the first quarter and the chain’s earnings rose to $2.37 a share, up from $1.60 a year ago. “During the quarter, the Dollar Tree team successfully completed its conversion to the $1.25 price point, contributing to both sales and margin improvements,” CEO Michael Witynski said. RetailWire May 26, 2022May 26, 2022 < 1 min read Dollar TreeExecutivesResults & Investment 0 Saving Bookmark this article Bookmarked
Corporate Strategy Coborn’s taps retail veteran Keri Jones for board Longtime Target executive brings diverse background at chain stores Supermarket News May 26, 2022May 26, 2022 < 1 min read TargetExecutivesBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value 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 […] MMR May 26, 2022May 26, 2022 3 min read Dollar GeneralOperations & Supply ChainShoppersResults & InvestmentEconomyExecutivesMarketing: In StoreTechnology & InnovationPredictions and ForecastsStore LocationSustainabilityDept. ApparelBrick and Mortar 0 Saving Bookmark this article Bookmarked 5
Trends & External Forces NACDS Foundation sponsors March of Dimes Gourmet Gala WASHINGTON — March of Dimes hosted its 40th Annual Gourmet Gala in Washington, D.C., earlier this month, and the NACDS Foundation returned as a Platinum Sponsor of the event. The Gourmet Gala makes possible research, education, advocacy and programs that “help more moms have full-term pregnancies and healthy babies.” This year, the Gourmet Gala brought […] MMR May 26, 2022May 26, 2022 2 min read Health & WellnessCOVID19Technology & InnovationExecutivesResults & InvestmentPartnershipsGoogleData & Insights 0 Saving Bookmark this article Bookmarked
Technology & Innovation UK Facial Recognition Ruling Could Spur Innovation The U.K.’s data-privacy watchdog’s recent $10 million fine on facial recognition company Clearview AI Inc. could spur innovation in the space, including advancements in payments technology, as it “sets clearer ground rules for balancing software innovation with people’s right to privacy,” according to a report in The Wall Street Journal Wednesday (May 25). The Information […] Pymnts.com May 26, 2022May 26, 2022 2 min read Technology & InnovationGovernmentData & InsightsInternational - UKMarketing: SocialDept. NonfoodMeta (Facebook)AI / MLGoogleExecutivesEconomyTech: AIAgencies 0 Saving Bookmark this article Bookmarked
Trends & External Forces Gap shares fall 13% after retailer slashes profit guidance for the year The lower-income consumer, which is Old Navy’s target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC. CNBC May 26, 2022May 26, 2022 < 1 min read ExecutivesTargetShoppersEconomyConsumers 0 Saving Bookmark this article Bookmarked
Trends & External Forces Macy’s raises annual forecast after strong quarter Macy’s raised its annual sales and earnings forecast after a strong start to 2022. “While macroeconomic pressures on consumer spending increased during the quarter, our customers continued to shop,” Macy’s CEO Jeff Genette said. “We saw a notable shift back to occasion-based apparel and in-store shopping, as well as continued strength in sales of luxury […] RetailWire May 26, 2022May 26, 2022 < 1 min read Predictions and ForecastsResults & InvestmentMarketing: In StoreExecutivesDept. ApparelConsumers 0 Saving Bookmark this article Bookmarked
Channel: Grocery GIANT taps Krueger as VP of team experience CARLISLE, Pa. – The GIANT Co. has named Jennifer Heinzen Krueger vice president of team experience, effective May 30. Krueger replaces Matt Lutcavage, who is leaving for a new opportunity outside of the company. In her new role, Krueger will lead GIANT’s human resources team, which the company says is focused on fostering a culture […] MMR May 26, 2022May 26, 2022 2 min read Ahold DelhaizeAssociatesESG and CSRInclusivityOperations & Supply ChainPhilanthropyShoppersStrategyExecutivesTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar Tree’s Q1 earnings beat expectations CHESAPEAKE, Va.— Dollar Tree reported a 43.2% increase in net income, to $536.4 million for the first quarter ended April 30. Diluted earnings per share for the quarter increased 48.1% to a first-quarter company record $2.37, compared to $1.60 in the prior year’s quarter, the company said Thursday. Consolidated net sales increased 6.5% to $6.90 […] MMR May 26, 2022May 26, 2022 2 min read Results & InvestmentDollar TreeOperations & Supply ChainAssociatesBrick and MortarFamily DollarData & InsightsShoppersTechnology & InnovationExecutivesMerchandisingMarketing: SocialPredictions and ForecastsCustomer Experience 0 Saving Bookmark this article Bookmarked
Shopper & Customer Klevu report – Majority of UK e-commerce sites’ search engines don’t work 78% of of e-commerce websites in the UK are unable to convert shoppers due to their inability to “understand” natural language and thus, shoppers’ intent, according to a new report from Klevu. This found that over three quarters of the 50 retailers researched delivered zero or irrelevant results when presented with conversational queries. Only 20% […] Retail Technology Innovation Hub May 26, 2022May 26, 2022 2 min read ConsumersShoppersDept. Natural / OrganicInternational - UKMarketing: SocialTwitterThick DataDept. ApparelPricing & PromotionsExecutivesEconomyDept. NonfoodResults & Investment 0 Saving Bookmark this article Bookmarked
Media & Marketing Dorsey Steps Down From Twitter’s Board Jack Dorsey, the Twitter co-founder, has now left the company’s board of directors, NBC wrote Wednesday (May 25). That came weeks after he was instrumental in selling the company to billionaire Elon Musk. The report said Dorsey’s departure was planned, with Twitter saying last year that he would do so after his term expired at […] Pymnts.com May 26, 2022May 26, 2022 2 min read Marketing: SocialTwitterExecutivesMarketing: Retail MediaLegal & CriminalESG and CSRCrypto 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
Channel: Ecommerce & Digital Amazon Opens First Bricks-and-Mortar Clothing Store dot.LA reports that Amazon has opened its first clothing store – Amazon Style, located in the The Americana at Brand mall in Glendale, California, about 10 miles north of downtown Los Angeles. Here’s how the story describes the store: “The floor is massive – laying out original products from Amazon’s own apparel lines alongside name […] MorningNewsBeat May 26, 2022May 26, 2022 4 min read AmazonDept. ApparelTechnology & InnovationBrick and MortarOperations & Supply ChainPepsiCoPredictions and ForecastsPop UpsTrends: ShoppingShoppersPricing & PromotionsCOVID19Marketing: PrintMarketing: In StoreExecutivesAssociatesWalmart 0 Saving Bookmark this article Bookmarked 5
Technology & Innovation Loss Prevention & Fraud Detection in Retail In an industry known for its tight margins, any loss in retail is significant. Retailers often need to sell many multiples of an item to breakeven on a single loss. “Shrink” is a $60B dollar issue for the retail industry globally and growing rapidly. Most retailers attribute 50-60% of losses to associate actions. Increasingly, Organized […] Cisco Retail May 25, 2022May 26, 2022 3 min read Technology & InnovationLegal & CriminalShoppersOperations & Supply ChainReturnsAssociatesData & InsightsData VisualizationExecutivesMerchandisingMarketing: Loyalty & SubscriptionPartnershipsSustainabilityTech: AIMarketing: In StoreAI / ML 0 Saving Bookmark this article Bookmarked
Corporate Strategy Sprouts names Hari Avula to board of directors Seasoned CFO brings deep experience from leading CPG/retail brands Supermarket News May 25, 2022May 25, 2022 < 1 min read Executives 0 Saving Bookmark this article Bookmarked
Channel: Restaurants Starbucks Sells Evolution Fresh To Bolthouse Farms Starbucks announced yesterday that it is selling its Evolution Fresh business to Bolthouse Farms. Terms of the deal were not disclosed. The announcement said that “Evolution Fresh is a leading producer of primarily organic, cold-pressed, premium juice products. By joining forces with Bolthouse Farms – the No. 1 super premium refrigerated beverage brand and largest […] MorningNewsBeat May 25, 2022May 25, 2022 2 min read RestaurantsDept. FreshDept. BeverageExecutivesShoppersCustomer ExperienceCustomer ExperienceDept. RefrigeratedDept. Natural / OrganicDept. OTCEconomyHealth & WellnessPartnershipsResults & InvestmentBrick and MortarAssociates 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Nordstrom Shuts Down Trunk Club Shopping Service Nordstrom announced yesterday via email to members of its Trunk Club shopping service that it is closing the service down, effective the end of the month. On its website and in an email, the retailer said: “As a valued Nordstrom Trunk Club customer, we thank you and appreciate your loyalty. “While we will no longer […] MorningNewsBeat May 25, 2022May 25, 2022 2 min read Dept. ApparelShoppersBrick and MortarMarketing: Loyalty & SubscriptionTechnology & InnovationResults & InvestmentMarketing: Direct & PersonalizationExecutivesEconomyAmazon 0 Saving Bookmark this article Bookmarked
Media & Marketing 3 E-Commerce and Social Media Trends to Watch Through the Rest of 2022 E-commerce sales have been on the upswing as a share of total sales since before 2000, and in the last decade, social platforms have played an increasing role. Then 2020 happened, driving an unprecedented spike in online sales. This year so far, we’re seeing social media mature as a force that drives e-commerce, in addition […] Jessica Hawthorne-Castro May 25, 2022May 25, 2022 3 min read Marketing: SocialESG and CSRTechnology & InnovationTikTokConsumersMeta (Facebook)Industry Conferences and EventsMetaverseTrends: MarketingDept. ApparelPartnershipsCOVID19Dept. NonfoodData & InsightsStrategysocial commerceTrends: TechTech: AR and VRTargetDept. Natural / OrganicShoppersBrick and MortarTwitterExecutivesAmazon 0 Saving Bookmark this article Bookmarked
Partnerships & Alt Profit Nordstrom Launches Partnerships with Allbirds and ASOS as the Retailer Continues its Evolution Nordstrom is expanding its business through new partnerships with other retailers and streamlining its styling services. The retailer will now offer Allbirds shoes as part of its sustainability push and sell ASOS products in a new immersive experience aimed at young shoppers. It will also eliminate the Trunk Club brand along, which featured the at-home […] Retail TouchPoints May 25, 2022May 25, 2022 3 min read PartnershipsShoppersSustainabilityDept. ApparelMerchandisingBrick and MortarMarketing: Direct & PersonalizationReturnsAcquisitionStore LocationExecutivesBOPISMarketing: In StoreHealth & WellnessTrends: Food and BeveragePepsiCoPredictions and ForecastsResults & InvestmentMarketing: Print 0 Saving Bookmark this article Bookmarked
Corporate Strategy Sprouts appoints CPG executive Hari Avula to board of directors The chief financial and strategic officer of organic energy bar maker Clif Bar is joining the specialty grocer’s board as the retailer looks to adjust its direction following weak first-quarter sales. Grocery Dive May 25, 2022May 25, 2022 < 1 min read ExecutivesSustainabilityResults & InvestmentHealth & WellnessDept. Natural / Organic 0 Saving Bookmark this article Bookmarked
Corporate Finance Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. This time, it’s a startup that was in the news this January: Namibia-based JABU, whose $3.2 million seed round we covered. Now, the last-mile distribution e-commerce company has […] Tech Crunch May 25, 2022May 25, 2022 3 min read Technology & InnovationResults & InvestmentTrends: FinanceBNPLOperations & Supply ChainStart UpsData & InsightsDeliveryPartnershipsMarketing: SocialConsumersPricing & PromotionsBrick and MortarSustainabilityExecutivesDept. Grocery 0 Saving Bookmark this article Bookmarked
Trends & External Forces Dick’s expects to ‘adapt quickly’ to macroeconomic challenges Dick’s Sporting Goods is expecting sales to slump between two and eight percent this year and earnings per share to come in between $9.15 and $11.70 per share, down from its previous guidance of $11.70 to $13.10. Dick’s president and CEO Lauren Hobart acknowledged the company is facing macroeconomic challenges, including inflation, and expects her […] RetailWire May 25, 2022May 25, 2022 < 1 min read Results & InvestmentExecutivesEconomyDept. Sporting goodsDept. Nonfood 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Dick’s Digital Declines as Customers Return to Stores Dick’s Sporting Goods doesn’t expect the struggles it reported in the first quarter of 2022 to get much better during the rest of the year, saying it sees comparable store sales struggling to ever break even year-over-year during the rest of this year after an 8.4% drop in Q1. The retailer pointed to “evolving macroeconomic […] Pymnts.com May 25, 2022May 25, 2022 2 min read Dept. ApparelDept. Sporting goodsDept. NonfoodBrick and MortarBNPLPress ReleasePartnershipsMarketing: Loyalty & SubscriptionCOVID19Trends: FinanceExecutivesPricing & PromotionsResults & InvestmentShoppersSustainabilityMarketing: SocialMarketing: In Store 0 Saving Bookmark this article Bookmarked
Stores & Formats Kohl’s to Launch 100 Small Format Stores in Untapped Markets In a bid to get closer to customers and enter new neighborhoods, Kohl’s said Wednesday (May 25) that it was launching a sweeping store investment program that will see the addition of 100 new small-format locations over the next four years. The announcement coincides with the retailer’s Investor Day meetings and marks the latest effort […] Pymnts.com May 25, 2022May 25, 2022 3 min read Brick and MortarShoppersReturnsResults & InvestmentTargetMarketing: In StoreMarketing: SocialPartnershipsPredictions and ForecastsOperations & Supply ChainGovernmentExecutivesStrategyPricing & PromotionsAmazon 0 Saving Bookmark this article Bookmarked 3
Trends & External Forces On Several Fronts, Measured Economic Confidence In a number of unrelated stories this morning, there seems to be a consensus that while inflation will be a continuing problem, the economy is in generally good shape, with some level of confidence that there will not be a recession anytime soon. From CNBC: “U.S. consumers are ‘in good shape’ and will keep spending […] MorningNewsBeat May 25, 2022May 25, 2022 2 min read EconomyConsumersExecutivesBest BuyPredictions and ForecastsDept. NonfoodDept. Consumer ElectronicsCOVID19StrategyTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Media & Marketing Enhancing loyalty schemes in the modern retail sector By Rolands mesters, the co-founder and CEO of Nordigen. Customer loyalty is high up on the list of priorities for retail businesses, with research over the… View Article The Retail Bulletin May 25, 2022May 25, 2022 < 1 min read Marketing: Loyalty & SubscriptionTechnology & InnovationShoppersExecutives 0 Saving Bookmark this article Bookmarked
Shopper & Customer Overcoming the Problem of Online Product Search Are you ready to hear an uncomfortable truth? Today’s e-commerce search mechanisms are still firmly based on technical concepts developed over 20 years ago. They often leave consumers frustrated and unengaged, resulting in churn or missed sales opportunities. Facets and search bars are static mechanisms that reflect a technical search engine perspective. Recent personalization technology […] Twan Vollebregt May 24, 2022May 24, 2022 3 min read ConsumersTechnology & InnovationData & InsightsMarketing: Direct & PersonalizationAI / MLShoppersMarketing: Loyalty & SubscriptionExecutives 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Shopper & Customer How to create the best delivery experience: 3 key factors As more consumers go online for their purchases, good delivery has become more important than ever. Find out how to step up your delivery game. Written by Future of Commerce May 27, 2022May 27, 2022 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