Trends & External Forces NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […] Retail TouchPoints December 7, 2023December 7, 2023 2 min read Legal & CriminalTargetLowesResults & InvestmentMarketing: Social MediaExecutivesData & InsightsThick DataTechnology & InnovationPartnershipsDept. Sporting goodsDept. NonfoodBrick and MortarAgencies 0 Saving Bookmark this article Bookmarked
Data & Insights Sears is a shell of its former self. So why is it reopening some stores? [[“value”:” This audio is auto-generated. Please let us know if you have feedback. Sears and Kmart once dominated the retail landscape. When the companies merged in 2005, they had nearly 3,500 stores. For context, that’s more stores than Target, Macy’s and Lowe’s currentlyoperate. But years of business missteps have reduced the once mighty retailers to […] RetailDive December 6, 2023December 6, 2023 5 min read Technology & InnovationAIBrick and MortarStore LocationConsumersDept. NonfoodData & InsightsMerchandisingAcquisitionMarketing: Social MediaMeta (Facebook)ExecutivesMarketing: In StoreShoppersPredictions and ForecastsStore FormatDept. Toys & GamesResults & InvestmentTargetConsultingESG and CSRAgenciesAssociatesBed Bath & BeyondTrends: RetailCOVID19Dept. AppliancesLowes 0 Saving Bookmark this article Bookmarked
Channel: Grocery Stryve Foods expands distribution to retail stores [[“value”:” The company’s meat snacks will be available at Southeastern Grocers, Cub Foods, Lunds/Byerly’s, Fresh Thyme, Lowes Foods, AAFES, Holiday Oil, Timewise, Family Express and Dash In. “]] SMP Deli Prepared November 30, 2023November 30, 2023 < 1 min read Operations & Supply ChainBrick and MortarSoutheastern GrocersRegional GroceryDept. FreshLowesHoliday & EventsDept. Fuel 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Home Depot, Lowe’s Look to ‘Pros’ for Growth Competitors The Home Depot and Lowe’s are both zeroing in on the same high-value target as the pandemic-driven home improvement boom slows — professional contractors, builders and tradespeople. The Home Depot has made a number of executive moves to better “align the organization” around this consumer set, which the company describes as its “largest growth […] Retail TouchPoints November 1, 2023November 1, 2023 2 min read LowesHome DepotExecutivesShoppersBrick and MortarMarketing: Loyalty & SubscriptionOperations & Supply ChainAssociatesInternationalMarketing: Social MediaTargetReturnsInternational - North AmericaResults & InvestmentPartnershipsDept. GroceryConsumersCOVID19Dept. NonfoodSustainability 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Home Depot, Lowe’s Look to ‘Pros’ for Growth Competitors The Home Depot and Lowe’s are both zeroing in on the same high-value target as the pandemic-driven home improvement boom slows — professional contractors, builders and tradespeople. The Home Depot has made a number of executive moves to better “align the organization” around this consumer set, which the company describes as its “largest growth […] Retail TouchPoints October 31, 2023November 2, 2023 2 min read LowesHome DepotExecutivesShoppersBrick and MortarMarketing: Loyalty & SubscriptionOperations & Supply ChainAssociatesInternationalMarketing: Social MediaTargetReturnsInternational - North AmericaResults & InvestmentPartnershipsDept. GroceryConsumersCOVID19Dept. NonfoodSustainability 0 Saving Bookmark this article Bookmarked
Merchandising Lowe’s rolls out gift center, holiday discounts for pros [[“value”:”With its holiday deals and gift assortment, the retailer aims to attract everyday homeowners and professional contractors.”]] RetailDive October 28, 2023October 28, 2023 < 1 min read Holiday & EventsPricing & PromotionsLowesMarketing: TradeMerchandising 0 Saving Bookmark this article Bookmarked
Partnerships & Alt Profit The Weekly Closeout: Lowe’s partners with Carhartt and JLo Beauty launches at Macy’s [[“value”:”The workwear brand is coming to Lowe’s, while Jennifer Lopez’s skin care and beauty line is at the department store just in time for the holidays. “]] RetailDive October 7, 2023October 7, 2023 < 1 min read LowesDept. HBCPartnershipsHoliday & Events 0 Saving Bookmark this article Bookmarked
Trends & External Forces Will the U.S. Get Hit With a Recession in 2024? Subscribe to the Advisor Channel free mailing list for more like this Will the U.S. Get Hit With a Recession in 2024? This was originally posted on Advisor Channel. Sign up to the free mailing list to get beautiful visualizations on financial markets that help advisors and their clients. For much of the last year, […] Visual Capitalist October 5, 2023October 5, 2023 3 min read EconomyPredictions and ForecastsConsumersExecutivesThick DataData & InsightsAssociatesResults & InvestmentGovernmentDept. NonfoodHome DepotLowesTechnology & InnovationWalmart 0 Saving Bookmark this article Bookmarked
Channel: Grocery How regional grocers are going digital As the pressure mounts to operate more efficiently while also delivering a true omnichannel shopping experience, here’s what Lowes Foods, Save Mart and other grocers are focused on. Grocery Dive October 3, 2023October 3, 2023 < 1 min read Regional GroceryOmnichannelLowes 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Sycamore Partners Acquires Chico’s for $1 Billion VC firm Sycamore Partners will purchase Chico’s FAS for $1 billion in a deal that will take the apparel retailer private. Shareholders will receive $7.60 per share in cash, representing a 65% premium to the company’s closing stock price on Sept. 27, 2023, the last trading day prior to the transaction. Chico’s operates more than […] Retail TouchPoints September 28, 2023September 28, 2023 2 min read AcquisitionPartnershipsOperations & Supply ChainInternational - North AmericaMarketing: Social MediaLowesMergersResults & InvestmentBrick and MortarDept. ApparelDept. FuelExecutivesPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Department: Nonfood Citing Theft and Safety Issues, Target Closes 9 Stores in 4 States Target will close nine stores in four cities on Oct. 21, 2023, saying theft and organized retail crime are threatening the safety of its customers and associates and “contributing to unsustainable business performance,” according to a company statement. Target noted that it has made multiple efforts to secure these location, including adding more security team […] Retail TouchPoints September 28, 2023September 28, 2023 2 min read TargetLegal & CriminalBrick and MortarStore LocationThick DataResults & InvestmentMarketing: Social MediaDept. NonfoodLowesAssociatesData & InsightsDept. Sporting goodsMarketing: In StoreTechnology & InnovationExecutives 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain The Weekly Closeout: RH wants to restore iconic Miami Beach property, Banana Republic sells furniture [[“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 Amazon facing a proposed class action […] RetailDive September 9, 2023September 9, 2023 5 min read ReturnsExecutivesLowesConsumersKellogg'sAmazonShoppersPartnershipsLegal & CriminalResults & InvestmentOperations & Supply ChainPress ReleaseAcquisitionDept. Natural / OrganicMarketing: Loyalty & SubscriptionDept. GroceryAssociatesData & InsightsDept. FreshInclusivityMarketing: BroadcastDept. BakeryHealth & WellnessDept. NonfoodWalmartBrick and MortarDept. HBCTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement How Lowe’s is leveraging its NFL deal to inspire DIYers with new campaign Head of marketing Jen Wilson also explained how in-housing its retail media efforts and restructuring its marketing organization have paid off for the brand. MarketingDive September 7, 2023September 7, 2023 < 1 min read LowesMarketing: Retail Media 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Lowes Foods acquires Foothills IGA Market in Georgia Lowes Foods will bring the Lowes banner to Georgia via the acquisition of a Foothills IGA Market in Marble Hill, Georgia, according to reporting from Georgia news group Smoke Signals. This would be the first store in the state of Georgia for the Winston-Salem, North Carolina-based Lowes Foods. The sale is expected to finalize in September. Related: Lowes […] Supermarket News September 6, 2023September 7, 2023 < 1 min read LowesAcquisition 0 Saving Bookmark this article Bookmarked
Data & Insights The Home Improvement Boom: Evolving Consumer Behaviors in a Post-Pandemic Era During the pandemic, home improvement projects surged. However, as noted in YipitData’s 1H23 State of the Home Improvement Report, consumer behaviors have since recalibrated and subsequently transformed the industry. While GMV sales growth has slowed to 2-3% in 1H23 vs 23.5% in 2021, the industry’s outlook still remains positive with 1H23 amassing an impressive $220 […] Yipitdata September 5, 2023September 5, 2023 2 min read Data & InsightsConsumersCOVID19Home DepotAmazonDept. NonfoodCompetitionWalmartTechnology & InnovationPredictions and ForecastsLowesCostco 0 Saving Bookmark this article Bookmarked
Data & Insights Concrete Sales: Top Brands & Performance Trends Market share, sales, and pricing at Home Depot and Lowe’s serve as crucial indicators of brand performance in the concrete, stucco, mortar, and asphalt space among consumers. When looking at major retailers in the concrete industry, two primary brands stand out in sales volume: Quikrete and Sakrete. Concrete Average Selling Price United States Sep 2021 […] Yipitdata August 31, 2023December 7, 2023 < 1 min read Data & InsightsPredictions and ForecastsHome DepotConsumersLowes 0 Saving Bookmark this article Bookmarked
Associates & Employees Lowe’s to Give Over $100M in Bonuses to Frontline Workers This Quarter In its second-quarter earnings report, Lowe’s announced it would be doling out over $100 million in discretionary and profit-sharing bonuses to its frontline employees. The home improvement retailer employs roughly 300,000 associates, according to its website. Payscale, a compensation software and data company, estimates the average hourly rate at Lowe’s to be $14.74. Shares of […] Marie Albiges August 24, 2023August 24, 2023 2 min read AssociatesLowesResults & InvestmentConsumersCOVID19StrategyShoppersExecutivesOmnichannelTechnology & InnovationData & InsightsPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Trends & External Forces Dick’s, Lowe’s, Target Execs Cite Theft’s Impact on Financial Results and Safety While shrink is far from a new problem in retail, the impact of theft — particularly large-scale operations run by organized retail crime (ORC) rings — has been garnering the attention of executives at some of the country’s largest retailers, including Lowe’s, Target and Dick’s Sporting Goods. The National Retail Federation’s 2022 Security Survey found […] Retail TouchPoints August 24, 2023August 24, 2023 2 min read Legal & CriminalExecutivesTargetResults & InvestmentLowesThick DataOperations & Supply ChainBrick and MortarTechnology & InnovationDept. NonfoodAssociatesMarketing: Social MediaData & InsightsDept. Sporting goodsInclusivityConsumersMarketing: BroadcastPartnershipsSustainability 0 Saving Bookmark this article Bookmarked
Trends & External Forces Dick’s, Lowe’s, Target Execs Cite Theft’s Impact on Financial Results and Safety While shrink is far from a new problem in retail, the impact of theft — particularly large-scale operations run by organized retail crime (ORC) rings — has been garnering the attention of executives at some of the country’s largest retailers, including Lowe’s, Target and Dick’s Sporting Goods. The National Retail Federation’s 2022 Security Survey found […] Retail TouchPoints August 23, 2023August 25, 2023 2 min read Legal & CriminalExecutivesTargetResults & InvestmentLowesThick DataOperations & Supply ChainBrick and MortarTechnology & InnovationDept. NonfoodAssociatesMarketing: Social MediaData & InsightsDept. Sporting goodsInclusivityConsumersMarketing: BroadcastPartnershipsSustainability 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Lowe’s to give $100M in bonuses to frontline workers Lowe’s on Tuesday reported net sales of $24.9 billion, down 9.1% year over year, and net earnings of $2.7 billion, a decrease of 10.6%. The retailer said that comparable sales fell 1.6% in Q2 but that Pro and online sales growth partially offset lower DIY discretionary demand. Operating income for Q2 fell to $3.9 billion […] RetailDive August 22, 2023August 22, 2023 2 min read LowesAssociatesConsumersResults & InvestmentMerchandisingExecutivesWeatherVendorsStrategyOperations & Supply ChainCOVID19Marketing: Social MediaBrick and MortarDept. NonfoodPartnershipsShoppersTechnology & InnovationEconomy 0 Saving Bookmark this article Bookmarked
Department: Nonfood Lowe’s Expands Partnership With Petco to 300 Stores Lowe’s and Petco have announced the expansion of their pilot program that brings products, services and expertise — for both home and pets — into a one-stop shop, growing from 15 Lowe’s stores to nearly 300 locations by year-end. Focusing on rural communities across the country, this expansion offers a new convenience to shoppers, providing access to […] Joe Keenan July 21, 2023July 21, 2023 < 1 min read Dept. PetBrick and MortarShoppersPartnershipsLowesMarketing: In StoreMerchandisingConsumersExecutivesMarketing: Loyalty & SubscriptionPricing & PromotionsStrategy 0 Saving Bookmark this article Bookmarked
Department: Nonfood Lowe’s to Expand Petco Store-in-Stores to 300 Locations, Focused on Rural Locales Lowe’s and Petco are expanding their store-in-store pilot program, which launched in February 2022, from 15 locations to nearly 300 by year-end. The expansion will focus on rural communities and is part of Lowe’s broader rural strategy of tailoring its assortment in up to 300 stores to include everything needed for farm and home. Petco […] Retail TouchPoints July 20, 2023July 20, 2023 2 min read Dept. PetLowesBrick and MortarMarketing: In StoreMerchandisingDept. ApparelMarketing: Social MediaPartnershipsOwned Brands (Private Label)ShoppersExecutivesStrategyDept. NonfoodTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Stores & Formats Lowe’s expands shop-in-shop partnership with Petco to 300 stores Both companies are strategically growing their operations to better serve rural communities. RetailDive July 20, 2023July 25, 2023 < 1 min read PartnershipsLowesBrick and MortarOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Lowe’s Rolls Out Same-Day Delivery Nationwide Using its 1,700+ stores to support fast fulfillment, Lowe’s has expanded same-day delivery services across the U.S. in partnership with OneRail. Orders placed on Lowes.com or the retailer’s mobile app by 2 p.m. local time will be delivered that day; orders placed after 2 p.m. will be delivered the following day. The retailer began piloting […] Retail TouchPoints July 19, 2023July 25, 2023 < 1 min read LowesDeliveryOmnichannelExecutivesShoppersMarketing: Social MediaTechnology & InnovationStrategyPartnershipsOperations & Supply ChainBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement How Lowes Foods uses digital to supercharge its unique shopping experience The North Carolina-based grocer, which focuses on in-store entertainment, sees omnichannel evolution as an important way to amplify its brand identity. Grocery Dive July 11, 2023July 11, 2023 < 1 min read LowesOmnichannelMarketing: In Store 0 Saving Bookmark this article Bookmarked
Department: Food Is Grocery Store Deli Delivery the Next Big Thing Restaurants and Convenience stores operators have to be worried if grocery stores deli’s start doing a good job with online ordering and delivery that their sales and customer frequency numbers just might drop. According to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® grocery store deli’s have the advantage of incremental order […] Grocerant Guru June 18, 2023June 18, 2023 4 min read Dept. DeliDept. Fresh PreparedDeliveryData & InsightsShoppersBOPISDept. GroceryPartnershipsFood DeliverySpartanNashTechnology & InnovationBrick and MortarDoorDashMarketing: In StoreDept. FreshLowesRestaurantsOperations & Supply ChainUbereatsCOVID19InstacartStrategyPredictions and ForecastsExecutivesPepsiCo 0 Saving Bookmark this article Bookmarked
Data & Insights Why the Secret to Nailing Your E-Commerce Strategy Requires Lighting Up the Senses Have you ever compared your online shopping experiences to your in-store experiences? Physical and digital retail experiences should both be inspirational and filled with entertainment and emotion. But that doesn’t change the fact that when it comes to engaging customers and eliciting sales, physical retail has a “leg up” on e-commerce because real-world shopping experiences […] Ben Marks May 30, 2023July 11, 2023 4 min read Technology & InnovationAIConsumersShoppersData & InsightsMarketing: In StoreLowesDept. NonfoodWalmartStrategyDept. ApparelMarketing: Direct & PersonalizationTargetMerchandisingReturnsBrick and MortarTech: AR and VRStore FormatMetaverseOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Technology & Innovation Retail Media Update: Kroger to Add Screens at 500 Stores, Walmart Names New Tech Partners and Save Mart Joins the Mix The growth of retail media shows no sign of slowing, as established players announce new expansions and new retailers, most recently Save Mart, enter the mix. In the latest developments, Kroger is looking beyond its websites with plans to expand in-store advertising opportunities, and Walmart is teaming up with more tech partners to help brands […] Retail TouchPoints May 24, 2023July 11, 2023 3 min read Technology & InnovationAIMarketing: Retail MediaPartnershipsWalmartKrogerBrick and MortarData & InsightsTrends: RetailWalmart ConnectMarketing: In StoreExecutivesMarketing: BroadcastPredictions and Forecasts84.51Marketing: Social MediaShoppersAssociatesOmnichannelInsight ProvidersAgenciesMarketing: Loyalty & SubscriptionIndustry Conferences and EventsDollar GeneralJohnson & JohnsonLowesDept. NonfoodCustomer ExperienceBig DataMarketing: ShopperMarketing: TradeMeta (Facebook)Target 0 Saving Bookmark this article Bookmarked
Channel: Home Improvement Lowe’s lowers full-year guidance as DIY spending softens in Q1 Despite near-term economic pressures, the home improvement chain said it has a generally positive long-term outlook. RetailDive May 23, 2023May 24, 2023 < 1 min read LowesEconomy 0 Saving Bookmark this article Bookmarked
Corporate Strategy Retail TouchPoints Reveals Latest 40 Under 40 Award Winners Retail TouchPoints and Design:Retail have unveiled the 2023 winners of the annual 40 Under 40 Awards, representing a dynamic and diverse class of executives who have contributed to industry progress. The 40 Under 40 Awards have evolved to spotlight the personal and professional accomplishments of executives across the retail industry — from store design to CX […] Retail TouchPoints May 23, 2023May 24, 2023 3 min read ExecutivesTechnology & InnovationOperations & Supply ChainMarketing: Retail MediaOmnichannelRestaurantsCannabisCustomer ExperienceShoppersInternationalMarketing: ShopperStrategyMarketing: Social MediaMerchandisingStreamingMarketing: TradePhilanthropyRecommercePartnershipsMondelezMarketing: BroadcastSustainabilityTrends: RetailAldiCPG: Adult BeverageData & InsightsDept. Adult BevDept. ApparelDept. HBCWalmartIndustry Conferences and EventsLowesAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
Trends & External Forces Channel: Mass Department: Consumer Durables Department: Nonfood Corporate Strategy Corporate Finance Partnerships & Alt Profit Media & Marketing Agencies & Vendors Data & Insights Technology & Innovation Trends & External Forces Stores & Formats NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […] Written by Retail TouchPoints December 7, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Data & Insights Corporate Strategy Data & Insights Technology & Innovation Associates & Employees Stores & Formats Walmart’s hiring and wage pressures have eased, CEO says Walmart CEO Doug McMillon also said artificial intelligence is changing employees’ roles across stores and in warehouses. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Media & Marketing Shopper & Customer Technology & Innovation Regional grocers’ e-commerce sales slip in Q3, research finds The drop is due to a higher rate of lapsed shoppers who have either gone back to in-store buying or switched to a competitor’s online services, a new Brick Meets Click and Mercatus report found. Written by Grocery Dive December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Corporate Strategy Shopper & Customer Trends & External Forces Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show In a CNBC interview, Walmart CEO Doug McMillon said the discounter is gearing up for a year when it faces tougher comparisons because of falling prices. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Channel: Delivery Channel: Ecommerce & Digital Trends & External Forces DoorDash named one of Fortune’s Future 50 Companies The delivery company made the list out of 1,000 publicly traded companies that were considered Written by Supermarket News December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked