Press Release

  1. Media & Marketing

Aldi and Kevin The Carrot announce Pinterest partnership to push retailer’s new festive campaign

Aldi and Kevin The Carrot have teamed up with Pinterest to promote their new festive campaign. Leveraging a series of Pinterest’s new ad formats for the first time such as Lead ad, Premiere Spotlight and Breakthrough video, Aldi’s campaign also marks a category first by featuring a secret board, giving users the chance to access […]
2 min read
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  1. Media & Marketing

HMV returns to London’s Oxford Street with pop culture focused flagship store after four year hiatus

HMV’s flagship store has been reopened by ska/pop legends Madness on Oxford Street following a four year hiatus. The retailer closed its main London branch in 2019 after going into administration. It was then taken over by Sunrise Records. The store at 363 Oxford Street opened its doors to the public on Friday. It had […]
2 min read
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  1. Associates & Employees

REI vows to fight union allegations, puncturing its progressive reputation

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. Dive Brief: REI workers affiliated with the United Food and Commercial Workers International Union and the Retail, Wholesale and Department Store Union this week filed 80 unfair labor practice charges against the outdoor retailer. Workers from all eight unionized REI locations filed […]
3 min read
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  1. Shopper & Customer

Warby Parker opened 11 new stores in Q3, raises full-year guidance

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. Warby Parker’s third-quarter net revenue increased 14.2% year over year to $169.8 million, according to a company press release Wednesday. The direct-to-consumer vision company’s net loss improved about 27% to $17.4 million and gross margin decreased from 56.7% to 54.6%, driven in part by […]
3 min read
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  1. Channel: Mass

The Power of Press Releases: A Guide for Emerging brands

In the fast-paced world of media, effective communication plays a pivotal role in gaining visibility and attracting attention. One powerful tool at the disposal of brad owners is the press release. A well-crafted press release can capture the interest of journalists, spark media coverage, and ultimately propel your business forward. In this article, we will […]
3 min read
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  1. Channel: Ecommerce & Digital

Halloween and Trick Or Treat take to the Texan skies with Manna drone delivery service

In what is pitched as a world first, Manna Drone Delivery is distributing candy this Halloween to families in North Texas by, yep, you’ve guessed it, drone. The initiative kicked off the European company’s first US operations, where it will be serving residents at Pecan Square by Hillwood Communities. They will have the opportunity to […]
2 min read
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  1. Corporate Finance

Sprouts posts higher sales, comps and earnings

PHOENIX — Sprouts Farmers Market reported “solid” financial results for the 13 weeks to October 1, featuring gains in net sales, comparable-store sales, and earnings from the third quarter a year earlier. “Our results signal the alignment of our 31,000 team members across merchandising, marketing, supply chain, and operational initiatives — propelling our strategy forward,” […]
2 min read
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  1. Trends & External Forces

GNC Expands Virtual Healthcare Services for Customers 

GNC is expanding its virtual healthcare service, GNC Health, to offer low cost and convenient care to customers. Membership plans for individuals and families are available via three tiers: Basic, Plus and Premier.   The health and wellness retailer initially rolled out free healthcare services to members of its paid loyalty program, GNC Pro Access, in […]
2 min read
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  1. Operations & Supply Chain

Hello Bello files for bankruptcy amid supply chain setbacks

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Unconditional Love Inc. — which does business as Hello Bello — filed for Chapter 11 bankruptcy in order to facilitate being acquired by private equity firm Hildred Capital Management, according to a Monday press release. The stalking horse bid deal — valued […]
3 min read
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  1. Technology & Innovation

Featuring AiFi, Macy’s, and TalkShopLive: RTIH runs you through the week’s coolest retail technology plays

RTIH Editor, Scott Thompson, brings you his top ‘future of retail’ systems launches and deployments from the past week, including robot food delivery services, autonomous stores, AI chatbots, and peer-to-peer resale platforms. The University of Akron The University of Akron has rolled out a robot food delivery service, covering its campus building and residence halls. […]
8 min read
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  1. Holiday & Events

Walmart, Aldi Reduce Prices For The Upcoming Holiday Season

USA Today reports that Walmart yesterday ” announced it will be ‘removing inflation,’ offering Thanksgiving meals at lower prices than in 2022 … The supermarket giant will offer two Thanksgiving meal options this year: one with ingredients for customers who like to cook from scratch, and one for customers who prefer more ready-to-bake options. “Walmart’s […]
< 1 min read
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  1. Technology & Innovation

Hackathons, drones and chatbots: RTIH flags the biggest retail technology news stories of the week

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 Marks and Spencer. Amazon, Kingfisher, Macy’s, and Just Eat Takeaway.com. 1. Marks and Spencer hackathon explores generative AI […]
4 min read
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  1. Technology & Innovation

Amazon set to launch drone deliveries in the UK, Italy and third location in the US during 2024

Amazon customers in the UK, Italy and an additional US city will have the option to get their packages delivered by a Prime Air drone beginning in late 2024. Specific cities in the US and abroad will be named in the coming months. David Carbon, Vice President of Amazon’s Prime Air, says: “As part of […]
2 min read
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  1. Shopper & Customer

Retail sales grew in September

WASHINGTON – Reports out today on retail sales in September show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth, according to the National Retail Federation. The NRF’s calculation of retail sales – which excludes automobile dealers, gasoline stations and restaurants to focus […]
2 min read
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  1. Channel: Ecommerce & Digital

Amazon’s Fall Prime Days Outpace 2022 Event

CNBC reports that while Amazon isn’t offering any sales figures for its just-completed Prime Big Deal Days promotion, it is saying that it “outpaced” the 2022 fall event “as discount-hungry consumers got an early jump on holiday shopping.” According to the story, “Amazon said Prime members, who pay $139 per year for fast shipping and […]
2 min read
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  1. Channel: Drug

Walgreens Names Healthcare Veteran as New CEO

Walgreens Boots Alliance has selected the former CEO of the country’s largest pharmacy benefits management company as its next CEO. Tim Wentworth, who most recently served as the CEO of Express Scripts, will start his new role at Walgreens on Oct. 23, the company said in a press release. He will replace Rosalind “Roz” Brewer, […]
< 1 min read
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  1. Technology & Innovation

Are NFT projects now over for retailers?

​[[“value”:” Last year, non-fungible tokens craze picked up steam and many brands wanted to get in on the action. For the uninitiated, NFTs are defined as digital tokens connected to digital goods such as art or music.  Though the NFT industry made headlines for generating billions in trading volume, the once-hot NFT market appears to […]
6 min read
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  1. Stores & Formats

Macy’s sets out to triple its off-mall fleet in less than 2 years

​[[“value”:” Dive Brief: Macy’s will open as many as 30 off-mall stores nationwide in the next 18 months, accelerating its small-format strategy, the department store said Tuesday. Openings of the locations, which are aboutone-fifth the sizeof its full-line stores, will begin next year and continue through fall of 2025, according to a company press release. […]
2 min read
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  1. Media & Marketing

Nedap teams with Foot Locker to extend RFID project to new Eastern European stores

Sports fashion and apparel retailer Foot Locker has extended the Nedap iD Cloud RFID solution to its new Eastern European stores. This means that the project, which kicked off in 2018, now involves over 650 stores across Europe. By using RFID tagged merchandise from brands such as Nike, adidas, and PUMA, Foot Locker says that […]
2 min read
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  1. Channel: Convenience

Casey’s General Store Technology Solutions Make Us Better

  Casey’s General Stores continues looking a customer ahead entering into new technology partnerships that will reduce ‘pain-points’ for both customers and employees according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. Casey’s is upgrading its foodservice program with two new technology solutions that will streamline operations and while adding convenience to the ordering […]
3 min read
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  1. Corporate Finance

Soft Surroundings Files for Bankruptcy, Partially Acquired by Coldwater Creek

Women’s apparel retailer Soft Surroundings last week filed for Chapter 11 bankruptcy and announced plans to close all 44 of its stores. The company’s remaining assets have been acquired by Coldwater Creek under the ownership of Newtimes Group, which plans to continue to sell Soft Surroundings’ apparel and accessories online and via catalogs. Soft Surroundings has secured $18 million […]
< 1 min read
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  1. 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 […]
5 min read
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  1. Channel: Grocery

Kroger Reports Second Quarter 2023 Results and Reaffirms Guidance

The Kroger Co. (NYSE: KR) today reported its second quarter 2023 results, reaffirmed 2023 guidance and updated investors on how Leading with Fresh and Accelerating with Digital continues to position Kroger for long-term sustainable growth.
8 min read
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  1. Channel: Drug

What’s Behind CVS Health’s Novel Vertical Integration Strategy for Humira Biosimilars

CVS Health has finally revealed its strategy for biosimilars of AbbVie’s Humira. Rather than announce multiple biosimilars for its pharmacy benefit manager (PBM) formulary, the company will instead launch Cordavis, a new subsidiary that will market a private label, low-list-price version of Sandoz’ Hyrimoz. Here’s the press release: CVS Health Launches Cordavis. Below, I highlight […]
2 min read
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  1. Department & Category

LEGO to Invest $1.4B in Sustainability Initiatives

The LEGO Group announced last week its pledge to achieve net-zero greenhouse gas (GHG) emissions by 2050 as part of its continued efforts to reduce environmental impact. The pledge is an extension of its existing near-term climate target to reduce GHG emissions by 37 percent by 2032 from a 2019 base, according to a company […]
2 min read
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  1. Channel: Mass

Walmart Customers Focus on Meal Solutions not Menu’s

Consumers are dynamic not static and Walmart is not an early adopter when it comes to meals and meal components. Walmart exceled at supply chain optimization, suburban duplication, marketing messaging, it missed the mark on consumers meal prep simplification aka meals and meal components preference over ingredients to cook from scratch.  According to Steven Johnson […]
3 min read
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  1. Partnerships & Alt Profit

The Weekly Closeout: Academy Sports and Outdoors expands assortment, and has pumpkin spice gone too far?

​[[“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 a new global brand president at […]
4 min read
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  1. Shopper & Customer

Hallmark Launches Cards With Venmo Gifting Capabilities

Venmo users who regularly use the app to gift money can now do so with an accompanying physical Hallmark card, the two companies announced Wednesday. In a first-of-its-kind collaboration, the PayPal-owned digital payment platform Venmo and the greeting card company Hallmark are giving customers a new, unique way of giving gifts. Here’s how it works: […]
< 1 min read
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  1. Department: HBC

e.l.f. Beauty to Acquire Skin Care Brand Naturium for $355M

e.l.f. Beauty has signed a definitive agreement to acquire Naturium, a fast-growing, high performance skin care brand for $355 million in a combination of cash and stock, the company announced Tuesday. The deal is expected to double e.l.f. Beauty’s presence in skin care to approximately 18 percent of retail sales. The transaction, which is subject […]
2 min read
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  1. Stores & Formats

Somewhat Surprisingly, Stores Still Have the Ability to Surprise

Our regular Editors Perspectives column offer insights and opinions from the Retail TouchPoints editorial team as they dig into the latest trends in retail, marketing and tech. Is cynicism a natural facet of growing older? I can’t tell you for sure, but I can tell you that after celebrating a milestone birthday (you can probably guess, but […]
5 min read
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Kroger Delivers its First-Party Data to the Yahoo DSP

Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […]
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Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […]
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Walmart to close all 51 health centers

BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […]
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