Lowes

Articles on Lowes

  1. Retailer Media

Why Retail Media and CTV Are Set to Have a Very Happy 2023

For an advertiser looking for real-time conversions on its ads, retail media is nothing short of magic. Retail media ads connect impressions directly to purchases. You can see exactly how many people saw your ad and then completed a transaction. No other ad medium comes close. With retail media, brands can reach tens of millions […]
3 min read
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  1. Channel: Home Improvement

Lowe’s Brings Back Live Product Sourcing Event for Second Year

Lowe’s has launched its second annual “Into the Blue” product pitch event, inviting entrepreneurs and businesses of all sizes to apply to get their products on the home improvement retailer’s shelves. Both U.S.-based and international companies and individuals with ready-for-market products can apply through March 20, 2023. Selected prospective suppliers will be invited to attend […]
2 min read
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  1. Shopper & Customer

Enabling Real-Time Communication With SMS

With increasing emphasis on omnichannel strategy when engaging customers, real-time communication becomes essential as more and more consumers prefer brands to communicate with them via SMS. Consider the following data: 8 percent of Americans opt for SMS as their preferred communication channel to receive transactional updates; and 3 percent of American consumers wish to receive […]
2 min read
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  1. Channel: Home Improvement

Lowe’s offers cautious outlook for 2023

Lowe’s fourth-quarter U.S. same-store sales fell 0.7 percent. The home improvement retailer expects total sales of between $88 billion and $90 billion this year, compared to the $90.48 expected by analysts. Lowe’s estimates earnings per share of between $13.60 and $14, compared to Wall Street’s expectation of $13.79.
< 1 min read
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  1. Channel: Ecommerce & Digital

Specialty Retailers Make Progress In Customer Satisfaction Scores

The American Customer Satisfaction Index’s (ACSI) Retail and Consumer Shipping Study 2022-2023 is out, reporting that “while overall customer satisfaction with the Retail Trade sector slips 0.5% to a score of 74.7 (out of 100),” significant ground has been gained by a number of retailers, especially those with a specialty focus. Some excerpts: •  “Customer […]
2 min read
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  1. Department: Nonfood

Petco to Launch Shop-in-Shops at Nearly All Canadian Tire Locations

Petco will expand its exclusive retail partnership with Canadian Tire with the addition of Petco shop-in-shops at 99% of Canadian Tire stores by the middle of 2023 as well as a dedicated product assortment online at canadiantire.ca. An estimated 90% of Canadians live just 15 minutes away from a Canadian Tire store, which will help the […]
2 min read
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  1. Technology & Innovation

At the NRF Big Show: 5G Can Do That!

The National Retail Foundation‘s (NRF) annual convention in New York is the best way to get the pulse of the retail sector. This is where the who’s who of the retail industry gather to share their thoughts on the business. Listening to top CEOs, analysts, industry veterans, and new startups provides a unique insight into […]
2 min read
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  1. Technology & Innovation

NRF 2023: Top Retail Influencers’ Key Takeaways (Part Two)

The RETHINK Retail team ventured to NYC from January 14-17th for NRF 2023: Retail’s Big Show. While there, we had the opportunity to speak with attendees from our Top Retail Influencer community and learn about their event experience. #TRI members–Ian Scott, Martin Newman, Melissa Gonzalez, Melissa Minkow, Nikki Baird, Ron Thurston, Stewart Samual, and Thomas […]
5 min read
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  1. Shopper & Customer

NRF 2023 Spotlights Profitability, Workforce Enhancements and Media Network Opportunities

The NRF Big Show, held in NYC Jan. 15-17, did more than bring together 35,000 attendees and more than 1,000 exhibitors. The event also gives us business editors the chance to suss out the major trends that retail decision-makers will be grappling with in 2023. Here’s our take on just a few of the key […]
5 min read
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  1. Department: Beverage

Yes Bojangles Partnership with Appalachian Mountain Brewery Works

  Bojangles new brand messaging with a real kick! In an effort to drive brand awareness, brand relevance, and internet buzz all with edifying the Bojanglesbrand with some new electricity, according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. So, that’s why Bojangles and Appalachian Mountain Brewery (AMB) have partnered to brew […]
3 min read
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  1. Technology & Innovation

NRF Big Show to Spotlight Innovative Consumer Products and Workforce Solutions

Everyone in the retail industry knows January means two things: lots of holiday returns and the venerable NRF Big Show, running Jan. 15-17, 2023 and featuring more than 950 exhibitors and 100 educational sessions. High-profile speakers for the event at New York City’s Javits Center include Olympic gymnast Simone Biles, actor and writer Kal Penn […]
4 min read
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  1. Technology & Innovation

A big CES 2023 trend: all battery power, everywhere, all the time.

As we were roaming the halls of CES in Las Vegas, one product category stood out across the board; there’s a lot of focus on portable (and less portable) power storage. These are more than your average charge-your-phone-once-or-twice battery packs, ranging from simple small power packs, to sophisticated power stations that can connect to portable […]
6 min read
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  1. Agencies & Vendors

Walmart Open Call Offers Three RangeMe Suppliers the Opportunity of a Lifetime

Walmart’s annual Open Call sourcing event is an initiative that supports Walmart’s investment in products made, grown, or assembled in the U.S. and gives thousands of American suppliers the opportunity to submit their products directly to their team of merchants. For the fourth year in a row, RangeMe and ECRM have streamlined Walmart’s Open Call […]
6 min read
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  1. Retailer Media

Home Improvement Retail Media with Lowe’s One Roof Media Network’s Abi Subramanian

The CPG Guys, PVSB and Sri are joined in this episode by Abi Subramanian, Vice President of Lowe’s One Roof Media Network, a robust portfolio of omnichannel advertising services powered by Lowe’s customer data, real-time shopping trends, and proven marketing expertise. Follow Abi Subramanian on LinkedIn at: https://www.linkedin.com/in/abishake/ Follow Lowe’s  on LinkedIn at: https://www.linkedin.com/company/lowe’s-home-improvement/ Follow […]
2 min read
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  1. Technology & Innovation

Lowe’s Employs RFID, Blockchain to Combat Retail Theft

Lowe’s has unveiled a new solution, developed in its Innovation Labs division, designed to combat retail theft in way that is invisible to customers through the use of RFID chips and the blockchain. Called Project Unlock, the new technology combines low-cost RFID chips and IoT sensors to activate power tools at the point of purchase […]
2 min read
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  1. Shopper & Customer

Retail Sales Decline 0.6% in November

Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation for the month, the Commerce Department reported Thursday. Retail sales for the month declined 0.6 percent, even worse than the Dow Jones estimate for a 0.3 percent drop. Measures that exclude autos and both autos and gas sales both […]
2 min read
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  1. Department: Nonfood

2022 Retail Ranking: Black Friday and Cyber Monday

Key takeaways Almost 1-in-4 shoppers spent the most at Amazon during Cyber-5 Home goods and furnishings retailers lost top wallet share lapping difficult pandemic comps Dollar stores and warehouse clubs gained top wallet share as consumers traded down on inflation Earnest Analytics First Choice Retailer Methodology The Earnest First Choice Retailer Rankings are based on […]
6 min read
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  1. Operations & Supply Chain

Key Logistics Challenges E-Commerce Retailers Will Face This Peak Season

E-commerce sales rose steadily the first half of 2022, with sales increasing 2.7 percent between Q1 and Q2. But even with the coming holiday sales surge, that trend might not continue. In fact, some reports predict that the number of online orders this holiday season will be down 5 percent compared to 2021. Why? And […]
3 min read
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  1. Channel: Grocery

How the Kroger-Albertsons Merger is Accelerating the Need for a Unified Retail Ad Network

There are a growing number of retailers competing for their share of available advertising dollars, and a big player in retail media has just upped the ante. The recent Kroger-Albertsons merger announcement sent shock waves through the retail and consumer packaged goods (CPG) industries, with the move cornering approximately 19% of the U.S. grocery market. […]
3 min read
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  1. Channel: Home Improvement

Lowe’s Expands DC-Based Delivery of Bulky Products to 8 More Regions

Lowe’s has converted eight of its regions, covering more than half its nearly 1,800 U.S. stores, to distribution center-based fulfillment of large items like riding mowers, grills and furniture. CEO Marvin Ellison, speaking during a recent conference call discussing the home improvement retailer’s Q3 financial results, revealed that Lowe’s is on track to change over […]
2 min read
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  1. Channel: Home Improvement

Your Views:  Stack & Rank

The other day we took note of an Associated Press report that “a coalition of consumer groups is asking grocery chains to rethink their digital-only coupons, saying the deals discriminate against people who don’t have smartphones or reliable internet access.” The argument, as advanced by Edgar Dworsky, a consumer advocate and former assistant attorney general […]
7 min read
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  1. Shopper & Customer

How Brands Can Get the Most Out of Their Retail Media Strategies

Retail media networks (RMNs) have been dominating the e-commerce conversation as retailers look for new revenue streams amid increasing margin pressure, inflation and ongoing supply chain challenges. These networks serve as a kind of digital end-cap display for brands, giving them a way to optimally position their products on a website for easy discovery — […]
3 min read
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  1. Shopper & Customer

3 Ways Retailers Can Gather, Harness and Effectively Use Zero-Party Data

Much of the conversation about how marketers can collect, harness and effectively use zero-party data focuses on brands, which struggle to gather it, or information consumers proactively provide, because businesses rarely maintain direct relationships with customers at scale. Retailers face an entirely different challenge: an abundance of consumer touchpoints and a massive amount of data […]
3 min read
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  1. Channel: Home Improvement

Lowe’s Sells Canadian Business to Sycamore Partners for $400 Million

Lowe’s has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners for $400 million in cash plus a performance-based deferred consideration. The business, which is based in Boucherville, Quebec, operates approximately 450 corporate and independent affiliate dealer stores under several different formats and banners, including RONA, Lowe’s Canada, Réno-Dépôt and […]
2 min read
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Editor’s Choice

  1. Channel: Mass
  2. International
  3. Shopper & Customer
  4. Technology & Innovation

Tesco infuriates shoppers as it slashes Clubcard points value

Supermarket giant Tesco came under fire following the announcement that it will be reducing the value of Clubcard reward vouchers from June 2023. The reduction will come into force after… The post Tesco infuriates shoppers as it slashes Clubcard points value appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Technology & Innovation
  2. Corporate Strategy
  3. Corporate Finance
  4. Partnerships & Alt Profit
  5. Media & Marketing
  6. Agencies & Vendors
  7. Data & Insights
  8. International
  9. Shopper & Customer
  10. Technology & Innovation

aisle 3 exits the CSS business and uses proceeds to support growth in sneaker category

AI powered shopping platform aisle 3 has completed the sale of its Google Comparison Shopping Site (CSS) service to Product Hero. Financial terms of the deal were not disclosed, other than it being all cash. The sale consolidates market share for CSS service provider Product Hero, which works with the likes of Rituals and Ikea. […]
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  1. Partnerships & Alt Profit
  2. Partnerships & Alt Profit
  3. Shopper & Customer
  4. Technology & Innovation

Kroger lands deal for self-driving truck deliveries

Get ready because the empty truck cabs in motion are coming. Gatik, which is involved in autonomous middle-mile logistics, has announced a multi-year commercial collaboration to transport customer orders within Kroger’s Dallas distribution network. The operations will launch in a few weeks. Under the collaboration, Gatik’s medium-duty autonomous box trucks will transport fresh, customer-favorite products from […]
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  1. CPG: Food
  2. Channel: Grocery
  3. Department & Category
  4. Department: Beverage
  5. Department: Food
  6. Corporate Strategy
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Merchandising
  11. Owned Brands (Private Label)

Albertsons Redesigns and Expands Open Nature Own Label Line

Albertsons yesterday unveiled what it said was “the redesign of its Open Nature brand as the company strives to become the brand of choice for those health-conscious shoppers seeking a more balanced lifestyle. Open Nature, which is part of Albertsons Cos. Own Brands portfolio, provides shoppers with tasty foods made with thoughtfully chosen ingredients that […]
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