Press Release

  1. Trends & External Forces

Thursday Eye-Opener:  Missing Word

by Kevin Coupe So, I got an email yesterday pointing out that a One Medical office will be opening shortly in my town.  It linked to a 511-word press release that said: “One Medical, the modern hybrid virtual and in-office primary care organization, today announced it will bring its high-quality health care to Connecticut with […]
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  1. Media & Marketing

E-commerce integration platform as a service firm Patchworks joins the MACH Alliance

E-commerce integration platform as a service (iPaaS), Patchworks, has joined the MACH Alliance as an ISV (independent software vendor) member.  According to a press release: “A MACH (Microservices, API first, Cloud native SaaS and Headless) architecture gives companies a greater degree of agility, allowing them to deliver new features to customers at speed.” “As organisations […]
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  1. Associates & Employees

NRF sounds alarm over labor impasse

WASHINGTON – The National Retail Federation is reiterating its call for the Biden administration to get involved in stalled labor negotiations after reports of shutdowns over the weekend at two California ports. Shutdowns at the Port of Oakland and the Port of Long Beach come as the International Longshore and Warehouse Union (ILWU) and the […]
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  1. Merchandising

BJ’s posts record net income, adjusted EBITDA

MARLBOROUGH, Mass. – BJ’s Wholesale Club Holdings Inc. today posted first-quarter earnings that the warehouse club operator said reflect strong traffic growth, market-share gains and an improved merchandise margin. “We reported a record first quarter in net income and adjusted EBITDA, demonstrating the power of our business model and the warehouse club channel,” Bob Eddy, […]
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  1. Corporate Strategy

Gap to Lay Off 1,800 Employees as Part of Restructuring Plan

Gap Inc. will cut approximately 1,800 jobs from its headquarters and upper-field workforce as it seeks to “simplify and optimize its operating model and structure,” according to an April 25, 2023 SEC filing. The layoffs, which will cost Gap $100 to $120 million in employee-related and consulting costs, are expected to be completed by July […]
2 min read
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  1. Corporate Strategy

Gap to Lay Off 1,800 Employees as Part of Restructuring Plan

Gap Inc. will cut approximately 1,800 jobs from its headquarters and upper-field workforce as it seeks to “simplify and optimize its operating model and structure,” according to an April 25, 2023 SEC filing. The layoffs, which will cost Gap $100 to $120 million in employee-related and consulting costs, are expected to be completed by July […]
2 min read
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  1. Operations & Supply Chain

Target Launches Curbside Returns in Select States

Target is making it easier for customers to return products, launching curbside returns last week that allows people to make returns from the comfort of their cars. The retailer’s goal is to roll out the service to all stores by the end of the summer, but for now it’s available in a quarter of Target’s […]
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  1. Corporate Strategy

Ikea to Invest $2.2B in Plan to Boost US Business

Ikea will invest more than $2.2 billion over the next three years into its omnichannel growth strategy in the U.S., marking the Swedish home and furniture company’s biggest investment push since it opened in the U.S. nearly 40 years ago. The retailer’s $2.2 billion investment will be used for a variety of efforts, including expanding new […]
2 min read
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  1. Corporate Finance

David’s Bridal Files for Bankruptcy, Looks for Buyer

David’s Bridal filed for bankruptcy earlier this week just days after announcing plans to lay off more than 9,000 workers nationwide later this year. The popular wedding dress retailer said its stores and e-commerce website will remain open during the financial restructuring process. David’s Bridal executives said they’re trying to arrange a sale of the […]
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  1. Channel: Restaurants

McDonald’s Upgrades Its Burger Line

Food & Wine reports that “McDonald’s is rolling out what it calls its ‘best burgers ever’ in select cities. The update will affect a few core McDonald’s items, including the Big Mac, McDouble, Cheeseburger, Double Cheeseburger, and Hamburger, essentially its entire classic burger lineup … According to the press release, McDonald’s says the upgrades will […]
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  1. Data & Insights

NRF Plans for Cybersecurity in 2023

The National Retail Federation (NRF) and the Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC) are teaming up to improve retail cybersecurity. The two industry-leading organizations will be combining their efforts in intelligence and threat monitoring. The goals of this partnership, announced in January 2023, include enhancing access to cybersecurity news, guidance, education and […]
4 min read
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  1. Technology & Innovation

Featuring Grab2Go, Karakuri, and Valtech: RTIH’s biggest retail technology articles on LinkedIn right now

We’re big fans of LinkedIn and are busy building an amazing community of retail tech enthusiasts on the social media platform. These are the articles that are currently on their radars, including Specsavers, Nando’s, Amazon, Tesco, Obsess, Covariant, and In The Style. Valtech announces partnership with Specsavers to optimise optical retailer’s customer facing technology Having […]
4 min read
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  1. CPG & FMCG

The GPT Guys

New York, NY: The CPG Guys announce today that due to overwhelming demand for their podcasting service they are rebranding their flagship podcast as “The GPT Guys”.  Using generative #AI technology they ingested from about 111 different Shoptalk presentations on the topic, The GPT Guys will provide listeners and podcast guests with the experience of being interviewed by The GPT Guys […]
2 min read
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  1. Corporate Strategy

Macy’s CEO Jeff Gennette to Retire Next Year

Jeff Gennette, who has led Macy’s as the department store chain’s CEO since 2017, announced Wednesday that he will be retiring next year after a four-decade career with the company. Gennette, 61, plans to step down in February, Macy’s said in a company press release. “Serving Macy’s, Inc. over the past 40 years has been […]
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  1. Shopper & Customer

7-Eleven Is Getting All Charged Up for the Next Generation of Customers

  Looking a customer ahead is what good companies do.  It is one of the successes that Steven Johnson our Grocerant Guru® regularly discuses on this blog.  7-Eleventhe world’s largest convenience store chain has picked up and shared more success clues than almost any other retail food chain.    Now 7‑Eleven Inc. is getting into the […]
3 min read
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  1. Trends & External Forces

ChildLife Essentials launches new organic liquid elderberry supplement for kids' immune health – press release

ChildLife Essentials, a leading brand of natural supplements for children, has announced the launch of its new Organic Liquid Elderberry supplement. This powerful formula is specifically designed to support kids’ immune health and promote overall wellness. The elderberry extract is sourced from organic, non-GMO European black elderberries, and is free of artificial colors, flavors, and […]
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  1. Channel: Mass

Five Below to Target High Earners With 400 More Five Beyond Stores

Five Below plans to expand its higher-priced Five Beyond concept by converting 400 more store locations, reports PYMNTS. The specialty discount store is looking to appeal to a new demographic of customers with its Five Beyond concept, which sells items priced above $5 but “still below the rest,” according to the company website. The new store prototype is […]
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  1. Trends & External Forces

NOW AVAILABLE: The 2023 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers

I am pleased to announce our new 2023 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers, available for purchase and immediate download. Click here to download a free report overview (including key industry trends, the Table of Contents, and a List of Exhibits) New Drug Channels Institute Study Analyzes Impact of Inflation Reduction Act […]
3 min read
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  1. Trends & External Forces

WeightWatchers Announces Plans to Buy Obesity Treatment Platform Sequence

WeightWatchers announced its plans to purchase Sequence, a subscription telehealth platform specializing in treatment for people with obesity. The acquisition will cost WeightWatchers $132 million and will be completed in the second quarter of the year, the company said in a press release Monday. Sequence, a startup that launched in 2021, gives patients the option to […]
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  1. Trends & External Forces

Best Buy Partners With Atrium Health to Support In-Home Hospital Care

Best Buy announced Tuesday it has struck a three-year deal with Atrium Health, an integrated, nonprofit health system part of Advocate Health, to help enable a hospital-at-home program, reports CNBC. Atrium Health is part of Advocate Health, one of the country’s largest healthcare nonprofits. The consumer electronics retailer will sell devices and its Geek Squad will handle […]
2 min read
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  1. Data & Insights

Hands on with Bing’s ChatGPT integration for pitching and more

AI is already making big leaps forward. Back in December, we tried the then-new ChatGPT to see how it could handle writing an article and a press release. The results were mixed. The article was decent; the press release was a bit of a disaster. Part of the problem with the press release is that […]
4 min read
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  1. Shopper & Customer

Michael’s Joins The Online Marketplace Parade

Arts and crafts chain Michael’s has announced that it is launching a new online marketplace that will use third-party sellers to triple the number of products it makes available to shoppers – at the moment, the SKU count stands at 250,000, and the marketplace should add another 750,000. The move is part of what Michaels […]
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  1. Channel: Grocery

Kroger Reports Fourth Quarter and Full-Year 2022 Results Announces Growth Expectations for 2023

Company Release – 3/2/2023 Fourth Quarter Highlights Fiscal 2022 Highlights CINCINNATI, March 2, 2023 /PRNewswire/ — The Kroger Co. (NYSE: KR) today reported its fourth quarter and fiscal year 2022 results, provided 2023 guidance and updated investors on how Leading with Fresh and Accelerating with Digital continues to position Kroger for long-term sustainable growth. Comments from Chairman and CEO Rodney […]
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  1. Technology & Innovation

MillerKnoll 3D leader and La-Z-Boy alumna added to 3D Cloud by Marxent advisory board

3D Cloud by Marxent, a 3D experience platform for the furniture and home improvement spaces, has announced the appointment of Lorna Jean Marcuzzo of MillerKnoll and Gail Applin, formerly of La-Z-Boy, to its advisory board. Marcuzzo, currently Senior Digital Product Manager for 3D Visualisation at MillerKnoll, brings over a decade of experience in the contract […]
2 min read
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  1. Channel: Mass

Dick’s Sporting Goods to Acquire Moosejaw From Walmart

Dick’s Sporting Goods is buying the outdoor retailer Moosejaw from Walmart for an undisclosed amount of money, Dick’s announced Wednesday in a press release. Moosejaw was acquired by Walmart for a reported $51 million in 2017. It’s mostly an e-commerce platform, but operates brick-and-mortar locations in Arkansas, Colorado, Illinois, Kansas and Missouri. Moosejaw will join Dick’s […]
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  1. Associates & Employees

The Home Depot to Invest $1B to Raise Hourly Employee Wages

The Home Depot on Tuesday said it will spend an additional $1 billion to give its hourly employees a raise, as retailers and restaurants compete for workers, reports CNBC. The home improvement retailer announced the wage investment as it reported fourth-quarter earnings. It didn’t disclose the new average wage for employees, but said every market’s starting wage is […]
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  1. Channel: Grocery

Ahold Delhaize posts 4Q sales gains

ZAANDAM, the Netherlands – Ahold Delhaize reported a 9.2% increase in net sales at its U.S. operations in the fourth quarter of 2022. Comparable-store sales were up 9.3% at U.S. banners Food Lion, Stop & Shop, The Giant Co., Giant Food, Hannaford and FreshDirect. Online sales in the United States increased 17.3% in constant currency […]
2 min read
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  1. Corporate Finance

Tuesday Morning Files Chapter 11 for the 2nd Time in 3 Years

Off-price home good and décor retailer Tuesday Morning announced it’s filing for Chapter 11 bankruptcy protection. The company is “pursuing a financial and operational reorganization to enable it to reduce its outstanding liabilities, obtain significant and necessary capital, and ultimately transform into a nimbler retailer that serves heritage markets in a profitable manner,” according to a […]
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  1. Technology & Innovation

Interview: Elias Samuel Klemm, Sr. Software Engineer, SumUp

On February 23rd, 2023, E-commerce Berlin Expo is taking place. This event gave us the opportunity to meet and exchange with E-commerce solutions from all over the world. In this context, I had the opportunity to exchange with Elias Samuel Klemm, Sr. Software Engineer at SumUp: Can you introduce yourself and your background? Elias is […]
4 min read
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Editor’s Choice

  1. Channel: Mass
  2. Channel: Grocery - Natural
  3. Channel: Mass
  4. Channel: Specialty & Other
  5. Department & Category
  6. Department: Consumer Durables
  7. Department: Nonfood
  8. Corporate Strategy
  9. Media & Marketing
  10. Shopper & Customer
  11. Trends & External Forces
  12. Merchandising
  13. 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 […]
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  1. Department: Beverage
  2. CPG: Adult Beverage
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  4. CPG: Food
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  7. Channel: Ecommerce & Digital
  8. Channel: Restaurants
  9. Department & Category
  10. Department: Adult Beverage
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  20. Agencies & Vendors
  21. Data & Insights
  22. Shopper & Customer
  23. Technology & Innovation
  24. Trends & External Forces
  25. Merchandising
  26. 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 […]
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  1. Channel: Mass
  2. Channel: Mass
  3. Acquisitions, Divestitures & Mergers
  4. Media & Marketing
  5. Retailer Media
  6. Shopper & Customer
  7. Trends & External Forces
  8. 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 […]
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  1. Channel: Grocery
  2. Trends & External Forces
  3. 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. […]
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  1. Retailer Media
  2. ESG
  3. Media & Marketing
  4. Retailer Media
  5. Shopper & Customer
  6. 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 […]
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