Press Release

  1. Corporate Strategy
Kevin Plank, the founder of Under Armour, is returning to the helm of the Baltimore-based athletic wear maker, the company announced in a Wednesday afternoon press release. Plank is set to be president and CEO starting April 1. He will succeed Stephanie Linnartz, who had been in the position for little more than a year. […]
  1. Acquisitions, Divestitures & Mergers
Purple Innovation, Inc., maker of the Purple mattress, and Tempur Sealy International, Inc., have established new partnership parameters amid Tempur Sealy’s planned acquisition of Mattress Firm. The companies also have “amicably resolved” their “various intellectual property disputes,” according to a Purple press release. Tempur Sealy initially announced its plans to acquire Mattress Firm in May […]
  1. Stores & Formats
Kohl’s said Tuesday that it’s teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country, reports CNBC. The department store chain struck a licensing deal with WHP Global, a brand management firm with a portfolio that includes Bonobos, Joe’s Jeans, […]
  1. Technology & Innovation
It’s Friday, the weekend is almost upon us, so let’s kick back and reflect on another eventful week for the retail systems space. Here’s your briefing on the most important stories from the past five days, including Boots UK and Ireland, Retail Technology Show 2024, Co-op, Uber Direct, N Brown, Google Cloud, and REWE Group. […]
  1. Media & Marketing
Michaels has launched a new brand campaign and in-store selling activation to shine a spotlight on its MakerPlace by Michaels online marketplace. MakerPlace by Michaels was designed to be an Etsy challenger of sorts, creating a space for “makers” to connect with shoppers and sell their handmade goods. It also serves as a destination for […]
  1. Trends & External Forces
Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth.
  1. Technology & Innovation
We’re big fans of LinkedIn and are busy building an amazing community of retail tech enthusiasts on the social media platform. As we close on 15,000 followers, these are the articles that are currently on their radars, including Klarna, Boots, Matalan, InPost UK, Aldi, Jisp, EE, Co-op, TalkShopLIve, Superdrug, and Gophr. Amazon Just Walk Out […]
  1. Stores & Formats
Whole Foods Market, the Austin-based grocery store chain owned by Amazon.com, announced Monday it was introducing a new, smaller, “quick-shop” store format “designed to provide customers in urban neighborhoods a quick, convenient shopping experience with easier access to fresh, high-quality offerings,” according to a company press release. The new format, called Whole Foods Market Daily […]
  1. Data & Insights
Sports company Puma is to deploy Google Cloud’s data, analytics and AI solutions as it looks to make its online retail experience more efficient, agile, and more personalised for customers worldwide. This will pave the way for the likes of generative AI shopping assistants, virtual try-ons, and AI driven loyalty programmes. The collaboration will see […]
  1. International
The Body Shop Canada has filed a Notice of Intention (NOI) to file for protection under the country’s Bankruptcy and Insolvency Act, following a similar filing by the retailer’s UK arm last month. The Body Shop Canada has ceased online sales, and while its stores remain open, the company plans to close 33 of its […]
  1. Channel: Grocery - Natural
Bloomberg reports that Amazon-owned Whole Foods plans to open a new small format – between 7,000 and 14,000 square feet – “aimed at serving quick-trip urban consumers.” The first Whole Foods Market Daily Shop is slated to open on Manhattan’s Upper West Side this fall, and Bloomberg reports that the retailer has signed five leases […]
  1. Channel: Mass
Target on Tuesday said it will launch a paid membership program next month, riffing off the playbook of its rivals Amazon.com and Walmart, reports CNBC. The subscription-based program, Target Circle 360, will launch in early April and cost $99 per year. Target will offer a discounted rate of $49 per year as part of a […]
  1. Shopper & Customer
N Brown Group, a fashion and homeware digital retail platform, has rolled out a new product information management (PIM) system.  The aim here is to improve the customer experience by providing customers with better product descriptions across product display pages, including information on sizing and fit, and fabric. According to a press release: “Greater consistency […]
  1. Channel: Restaurants
There were numerous press reports yesterday that fast feeder Wendy’s plans to institute surge pricing – charging higher prices at high-demand times – sometime next year. The reports seemed to emanate from comments made earlier this month by the company’s new CEO-president, Kirk Tanner, who said that the chain plans to rollout “dynamic pricing,” enabled […]
  1. Data & Insights
Mondra, a product footprinting and supply chain decarbonisation AI driven SaaS platform, has raised £3.6 million in pre-Series A funding.  Investors include 7 Generation Ventures, AlbionVC, GC Foodtech Ventures, Foodsparks by Peakbridge, Ponderosa Ventures, and Vala Capital.  The cash will be used to expedite Mondra’s roll-out to UK grocers, of whom, the company claims, 85% […]
  1. Corporate Strategy
Beyond Inc., parent company to Overstock.com, Bed Bath & Beyond, and other online brands, announced Tuesday three leadership changes, including two new CEOs. Chandra Holt, formerly the CEO and president of Conn’s Home Plus, will become the new CEO of Bed Bath & Beyond effective Wednesday. Dave Nielsen, who until now was serving as president […]
  1. Channel: Marketplace
American singer, songwriter and businesswoman Beyoncé’s new haircare brand, Cécred, has gone live on Shopify. After teasing her fans (aka the BeyHive) about the venture last May, Beyoncé recently took to social media to announce her first ever beauty brand. Captioning a post on Instagram with “hair is sacred”, an accompanying video interspersed archive footage […]
  1. Channel: Grocery
Colorado Attorney Journal Phil Weiser yesterday filed a lawsuit designed to block Kroger’s proposed $24.6 billion acquisition of Albertsons, saying the the deal would be anticompetitive. Axios reports that “Weiser has been leading a multi-state investigation since December 2022 and is the second state to sue following Washington … The announcement said the deal not […]
  1. Media & Marketing
Case study Reaching voters with radio  In a crowded market for political ads, radio offers an advantage Contact us Case study Reaching voters with radio  In a crowded market for political ads, radio offers an advantage Contact us Introduction Understand the reach of radio with U.S. voters During election years in the U.S., political campaigns […]
  1. Media & Marketing
Trustly, which operates in the payment solutions space, has made two appointments to its leadership team as it eyes further expansion in Europe. Annika Poutiainen will be joining as Chief Legal Officer, while Georg Kaltenbrunner will start in March as Group Chief Risk & Compliance Officer. According to a press release: “Both roles will be […]
  1. Partnerships & Alt Profit
Nectar360, which owns and operates Nectar, the UK’s largest coalition loyalty programme, as well as managing Sainsbury’s and Argos retail media services, has announced a partnership with advertising technology specialist The Trade Desk. This will enable advertisers to target campaigns to Nectar audiences, optimise and report on the performance of ad campaigns through a combination […]
  1. Department: Consumer Durables
On Tuesday, Tiger Woods announced a partnership with TaylorMade Golf to create a new lifestyle brand, Sun Day Red. According to the brand’s website, the line “promises to bring a new and elevated standard to performance wear and luxury lifestyle fashion.” Sun Day Red will be a completely stand-alone brand with a dedicated team of […]
  1. Channel: Grocery
Kroger this morning issued a press release that continues to make the argument – the same argument that it has made since first proposing the $24.6 billion acquisition of Albertsons – that it will lower prices once the deal is complete, and that it has a 20-year track record of lowering prices after it makes […]
  1. Shopper & Customer
Retail sales showed a strong beginning for the year in January, nearly matching December’s busy holiday spending and rising significantly year-over-year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). Total retail sales were up 2.34 percent unadjusted YoY in January, according to the Retail Monitor. […]
  1. CPG: Food
From USA Today: A nationwide recall of products containing cheese with a risk for listeria contamination continues to grow larger with salad kits and taco kits sold at stores including Albertsons, Costco, Walmart, and WinCo being removed from shelves. “Rizo-López Foods of Modesto, California, on Feb. 5 recalled dozens of dairy products including Queso Fresco and Cotija Cheese, because […]
  1. Technology & Innovation
Retail Assist, a UK-based provider of managed services and IT solutions, has been acquired by Alan Watson, Executive Chairman and owner of technology service provider Barron McCann. Financial terms of the deal have not been disclosed. Retail Assist’s customers include Harvey Nichols, Morrisons, Best Food Logistics, Ted Baker, Slater Menswear, Vue Cinemas, Hobbycraft and Mint […]
  1. Technology & Innovation
The growing adoption of AR advertising lacks standardized measurement practices, which creates challenges such as fragmented data interpretation, inaccurate performance assessment, and limited cross-platform measurement. To address these challenges and foster industry growth, IAB and MRC have collaborated to release their Augmented Reality (AR) Measurement Guidelines for public comment, with the goal of establishing clear […]
  1. Data & Insights
“Everyone within Publicis will become a data analyst, an engineer, an intelligence partner, with all the information they need at their fingertips to supercharge client growth.” Publicis Groupe made that bold statement last week in a press release and presentation celebrating their performance from last year “after shifting from a holding company to a platform” […]
  1. Operations & Supply Chain
Zulily Group has engaged the advisory firm Gordon Brothers to sell off more than $85 million of inventory and the assets of its two fulfillment centers following the online retailer’s decision late last year to shut down. Screenshot of the Zulily website from December 2023 highlighting the going-out-of-business sale. News of the wind-down first broke […]
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  1. Media & Marketing
  2. Channel: Restaurants
  3. Department & Category
  4. Department: Consumer Durables
  5. Department: Food
  6. Department: Nonfood
  7. ESG
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  9. Data & Insights
  10. Shopper & Customer
  11. Technology & Innovation
  12. Trends & External Forces
  13. Merchandising
  Don’t want to cook, don’t want to do dishes, well according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® your kids don’t want you hear you complain about cooking dinner either. Chuck E. Cheese has a new program for that has a great chance to make the entire family happy according […]
  1. Channel: Mass
  2. Corporate Finance
  3. Media & Marketing
  4. Agencies & Vendors
  5. Data & Insights
  6. Trends & External Forces
Target reported Q4 and 2023 financial results at its annual investor day on March 5, 2024. Quarterly comp performance improved sequentially from Q2 to Q4, but 2023 ended with comps down -3.7%. Profitability outperformed expectations as the company realized $2B of operating income growth in 2023 and reported notable gross margin improvements. The stock was […]
  1. Trends & External Forces
  2. CPG: Food
  3. Channel: Ecommerce & Digital
  4. Channel: Grocery
  5. Channel: Mass
  6. Department & Category
  7. Department: Beverage
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  10. Acquisitions, Divestitures & Mergers
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  20. Retail Operations
  21. Associates & Employees
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  23. Owned Brands (Private Label)
  24. Stores & Formats
Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth.

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