Technology & Innovation Beyond AI: Emerging Technologies That Are Reshaping Retail In today’s dynamic world of retail, the spotlight remains on artificial intelligence (AI) — and for good reason. AI is undoubtedly transformative, reshaping the future of retail. In addition to AI, other technologies are also making significant strides. Radio-frequency identification (RFID), replacing barcodes, revolutionizes supply chain and inventory management. Video analytics leverages computer vision to […] Isaac Krakovsky March 18, 2024March 18, 2024 3 min read Technology & InnovationAIConsumersOperations & Supply ChainData & InsightsConsultingShoppersTech: RoboticsStore LocationPredictions and ForecastsResults & InvestmentMarketing: Direct & PersonalizationTech: IoTDept. GroceryAssociatesMarketing: Loyalty & SubscriptionMarketing: In StoreTrends: RetailTrends: TechMarketing: BroadcastPartnershipsMarketing: TradeStore FormatStrategySustainability 0 Saving Bookmark this article Bookmarked
Shopper & Customer Embracing the era of video-first marketing: 5 undeniable consumer stats Is your marketing strategy aligned with the preferences of today’s video-first generations? MarketingDive March 18, 2024March 18, 2024 < 1 min read ConsumersStrategy 0 Saving Bookmark this article Bookmarked
Trends & External Forces CRN challenges constitutionality of New York law WASHINGTON — The Council for Responsible Nutrition (CRN), the leading trade association for the dietary supplement and functional food industry, has filed a lawsuit challenging the constitutionality of a recently enacted New York state law that would impose age-based restrictions on the purchase of certain dietary supplements. Passed by the New York legislature and signed […] MMR March 18, 2024March 18, 2024 3 min read ConsumersLegal & CriminalExecutivesHealth & WellnessSustainabilityStrategyPredictions and ForecastsGovernmentDept. NonfoodDept. HBCDept. GroceryBrick and Mortar 0 Saving Bookmark this article Bookmarked
Media & Marketing From Rotisserie Riches to Rags: Learning from Boston Market’s Decline If success does leave clues, then failure leaves many as well. Regular readers of this blog know that Boston Market, once a pioneer of rotisserie chicken and home-style meals, finds itself facing a slow fade. This isn’t the first time a seemingly established brand has fallen from grace. The story of Boston Market’s decline […] Grocerant Guru March 17, 2024March 17, 2024 3 min read Data & InsightsShoppersResults & InvestmentSustainabilityHealth & WellnessConsumersAssociatesVendorsStrategyPredictions and ForecastsMarketing: Social Media 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar General stays on track for success CEO Todd Vasos says “Back to Basics” strategy is working Supermarket News March 17, 2024March 17, 2024 < 1 min read Dollar GeneralExecutivesStrategy 0 Saving Bookmark this article Bookmarked
Data & Insights 5 Ways To Boost Your Retail Business Productivity Through AI Struggling to keep up with the pace of modern retail? You’re not alone. The retail landscape is evolving rapidly, and maintaining productivity can feel like chasing a moving target. Enter Artificial Intelligence (AI) – your new strategic partner. Retailers are discovering that AI can do more than just data analysis. It’s time to harness AI […] Retail Minded March 16, 2024March 16, 2024 3 min read Technology & InnovationAIShoppersData & InsightsOperations & Supply ChainAssociatesPredictions and ForecastsConsumersTech: CashierlessMarketing: Direct & PersonalizationStrategyDept. NonfoodConsultingDept. FuelDept. Natural / OrganicTrends: RetailOwned Brands (Private Label)PartnershipsSustainabilityTargetMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
Technology & Innovation Grocery giant Sainsbury’s battles payments and online delivery issues as IT meltdown hits hard Sainsbury’s has today been hit by an IT meltdown following an ‘error with an overnight software update’ that has prevented the grocery retailer from being able to fulfil online orders and accept contactless payments in stores. “We’re experiencing technical issues affecting some stores, our Groceries Online service and our ability to contact customers. Unfortunately, we will […] Retail Technology Innovation Hub March 16, 2024March 16, 2024 2 min read Technology & InnovationShoppersBrick and MortarMarketing: Social MediaDeliveryInternational - UKOmnichannelPartnershipsTwitterData & InsightsPredictions and ForecastsCOVID19StrategyMarketing: In StoreGoogleExecutivesESG and CSRDept. Grocery 0 Saving Bookmark this article Bookmarked
Stores & Formats Dick’s to Open 16 Next-Gen ‘50K’ Stores, Expand House of Sport Format in 2024 Dick’s Sporting Goods posted strong results in fiscal 2023, which ended Feb. 3, 2024, with $13 billion in net sales, 5% higher than the previous year, and a 2.4% increase in comp store sales. For the coming fiscal year, the retailer is planning $800 million in CapEx expenditures to fund a major brick-and-mortar expansion that […] Retail TouchPoints March 16, 2024March 16, 2024 2 min read Predictions and ForecastsBrick and MortarStore LocationOmnichannelResults & InvestmentMarketing: Social MediaDept. ApparelTargetReturnsExecutivesStrategyDept. Sporting goodsDept. NonfoodOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Media & Marketing Michaels boosts in-store experience with birthday parties, classes The crafts retailer reimagined its class offering and introduced a party planning service for children in the U.S. as it leans into experience. RetailDive March 16, 2024March 16, 2024 < 1 min read Marketing: In StoreStrategy 0 Saving Bookmark this article Bookmarked
Corporate Strategy Rough Week for Retail CEOs: Top Execs Out at Petco, Under Armour, Fossil It was a tough week to be at the top in retail with a number of companies announcing CEO switch-ups following disappointing performances, including Petco, Under Armour, Fossil Group and, as Retail TouchPoints previously reported, Allbirds. Former Best Buy COO to Lead Petco While CEO Search Gets Underway Ron Coughlin — who led Petco through […] Retail TouchPoints March 15, 2024March 15, 2024 4 min read ExecutivesPredictions and ForecastsResults & InvestmentMarketing: Loyalty & SubscriptionStrategyShoppersHealth & WellnessBest BuyDept. ApparelPartnershipsMarketing: Social MediaReturnsCustomer ExperienceInternationalOperations & Supply ChainHoliday & EventsLowesConsumersStart UpsTechnology & InnovationDeliveryBrick and MortarCOVID19EconomyAssociates 0 Saving Bookmark this article Bookmarked
Data & Insights Empower your platform: here’s how to enhance functionality with conversion APIs In the contemporary digital landscape, the seamless exchange of data isn’t merely a convenience; it’s an imperative for businesses committed to achieving operational excellence. At the core of this data ecosystem are APIs that connect different systems and enable efficient communication. Among them, conversion APIs stand out as powerful tools proficient in translating data across […] Retail Technology Innovation Hub March 15, 2024March 15, 2024 4 min read Data & InsightsTechnology & InnovationPredictions and ForecastsOperations & Supply ChainMarketing: In StoreResults & InvestmentEconomyStrategyMarketing: Loyalty & SubscriptionHealth & WellnessDept. Nonfood 0 Saving Bookmark this article Bookmarked
Technology & Innovation Will Search Engine Traffic Really Drop 25% by 2026, As Gartner Predicts? Late last month, Gartner made a stunning prediction, forecasting an imminent and dramatic decline in search engine traffic. “By 2026, traditional search engine volume will drop 25%,” the research firm said. “with search marketing losing market share to AI chatbots and other virtual agents.” The prediction seemed aggressive, especially given that Microsoft Bing — with its […] Bigtechnology March 15, 2024March 15, 2024 7 min read Technology & InnovationAIBigTechPredictions and ForecastsData & InsightsStore LocationAmazonInsight ProvidersPodcastsChatGPTGoogleMarketing: VoiceMarketing: Social MediaMarketing: BroadcastStrategyTikTokStreamingConsumersVendorsExecutivesGovernmentOperations & Supply ChainESG and CSR 0 Saving Bookmark this article Bookmarked
Shopper & Customer Gift Cards and the Age of Customer Loyalty Increasing customer loyalty is always top of mind for retailers. Loyal customers spend more money at their favorite businesses, patronize shops more often, and promote the brands they love to other consumers in their networks. To create loyal customers, forward-thinking retailers can utilize the tried-and-true gift card to engage customers and enhance buying experiences. In […] Sam Lituchy March 14, 2024March 14, 2024 3 min read ConsumersShoppersMarketing: Loyalty & SubscriptionMarketing: ShopperThick DataResults & InvestmentPredictions and ForecastsStrategyData & InsightsDeliveryMarketing: TradeMarketing: Social MediaMarketing: In StoreEconomyData VisualizationTechnology & InnovationBig Data 0 Saving Bookmark this article Bookmarked
Data & Insights Why a Successful Retail Data Migration Requires a Data-First Approach Large retailers are under constant pressure to keep up with new and ever-changing customer demands. At the same time, they’re also grappling with sometimes volatile global supply chains and massive amounts of data — everything from sales and inventory data to pricing and customer insights. It’s a significant undertaking. As more organizations continue their digital […] Jason Thompson March 14, 2024March 14, 2024 4 min read Data & InsightsOperations & Supply ChainShoppersVendorsBrick and MortarSustainabilityCustomer ExperienceAITechnology & InnovationBig DataConsultingConsumersExecutivesMerchandisingPredictions and ForecastsStrategy 0 Saving Bookmark this article Bookmarked
Shopper & Customer Turning Browsers Into Buyers: Merchants See Expanded Benefits to Card-Attached Installments Consumers love paying with installment plans. A recent report confirms that 60 percent of shoppers over the past year chose to pay for their purchases with interest-free installments, and most of those shoppers (45 percent) chose to do so with their own general-purpose credit cards. Even though the consumer is clearly voting with their wallets […] Colin Mellon March 14, 2024March 14, 2024 3 min read ConsumersShoppersTrends: FinanceBNPLPredictions and ForecastsData & InsightsHealth & WellnessStrategyMarketing: Loyalty & SubscriptionMarketing: Direct & Personalization 0 Saving Bookmark this article Bookmarked
Corporate Strategy Kevin Plank to Return as Under Armour’s CEO 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. […] Joe Keenan March 14, 2024March 14, 2024 < 1 min read ExecutivesInternationalEconomyStrategyPress ReleaseConsumersAssociates 0 Saving Bookmark this article Bookmarked
Trends & External Forces Protecting Your Ideas and Designs as a Product Startup As a product startup, one of your most valuable assets is your intellectual property. This includes any original ideas, designs, or branding elements that set your products apart from others in the market. Without proper protection, these assets are vulnerable to being copied or used by competitors without your permission. In this blog post, we […] Retail Bound March 14, 2024March 14, 2024 3 min read GovernmentPackagingMarketing: BrandStrategyMarketing: In StoreLegal & Criminal 0 Saving Bookmark this article Bookmarked
Media & Marketing Potential US TikTok ban means brands must recognise the importance of diversifying their digital presence The US House of Representatives this week passed a bill that could see TikTok banned in America. It would give the social media giant’s Chinese parent company, ByteDance, six months to sell its controlling stake or the app would be blocked in the US. The bill passed overwhelmingly in a bipartisan vote, and now needs […] Retail Technology Innovation Hub March 14, 2024March 14, 2024 2 min read Marketing: Social MediaTikTokTechnology & InnovationPredictions and ForecastsTwitterESG and CSRStrategyEconomyIndustry Conferences and EventsData & InsightsExecutivesHealth & WellnessConsumersLegal & CriminalBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar General plans 800 stores this year as rival Dollar Tree pulls back Under CEO Todd Vasos, who returned to the top post in October, the discount retailer is executing a turnaround strategy and expanding its fresh and grocery offerings. Grocery Dive March 14, 2024March 14, 2024 < 1 min read Dollar TreeDollar GeneralBrick and MortarStrategyExecutivesDept. Fresh 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar Tree To Close 1,000 Stores Dollar Tree said yesterday that it will close 1,000 stores – most of them Family Dollar units – over the next few years, a decision that Axios describes as “a reversal of the retailer’s rapid expansion, which included its 2015 acquisition of Family Dollar.” Six hundred Family Dollar stores are slated to close before the […] MorningNewsBeat March 14, 2024March 14, 2024 2 min read Brick and MortarDollar TreeFamily DollarExecutivesGovernmentOperations & Supply ChainAldiShoppersRegional GroceryAcquisitionSustainabilityDept. GroceryDept. PetMerchandisingPredictions and ForecastsStrategy 0 Saving Bookmark this article Bookmarked
Technology & Innovation Visible and invisible tech stacks, and the upsides and downsides of “shadow IT” in martech and beyond Tech stacks are large. The empirical stack data we recently shared from Zylo, a leading SaaS management platform, showed that even after a year of belt-tightening, the average SMB (500 employees or less) still has 162 SaaS apps. Mid-market companies (500 to 2,500 employees) have 245. And large enterprises have 650. This isn’t particularly surprising […] chiefmartec March 13, 2024March 13, 2024 7 min read Technology & InnovationPredictions and ForecastsAssociatesData & InsightsSustainabilityStrategyESG and CSRDept. ApparelDept. NonfoodGoogleMetaverseMarketing: In StoreMarketing: Social MediaResults & InvestmentInsight ProvidersAgencies 0 Saving Bookmark this article Bookmarked
Media & Marketing Kohl’s Expands With Babies”R”Us In-Store Shops Kohl’s is expanding its retail strategy by partnering with WHP Global, owner of Toys”R”Us and Babies”R”Us, to open Babies”R”Us shops in its stores. RetailWire March 13, 2024March 13, 2024 < 1 min read Marketing: In StoreStrategyPartnershipsDept. Toys & GamesDept. NonfoodBrick and Mortar 0 Saving Bookmark this article Bookmarked
Trends & External Forces Webinar: How World Athletics is driving host city success beyond economic impact Major sporting events have the ability to uplift entire cities, communities and economies. See how positive impact can be sustained long after the athletes and fans have left town. In this webinar you will learn: How World Athletics enhanced their hosting strategy and event delivery Ways to justify investment through long-term value and legacy impact […] Nielsen March 13, 2024March 13, 2024 < 1 min read EconomyInsight ProvidersBig DataStrategyResults & InvestmentPredictions and ForecastsDeliveryData & Insights 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Purple, Tempur Sealy Settle Mattress Firm Acquisition Concerns 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 […] Retail TouchPoints March 13, 2024March 13, 2024 2 min read AcquisitionPartnershipsTechnology & InnovationPress ReleaseMarketing: Social MediaConsumersInternationalMergersResults & InvestmentMarketing: In StoreStrategyGovernmentPredictions and ForecastsOperations & Supply ChainExecutivesBrick and MortarUnilever 0 Saving Bookmark this article Bookmarked
Corporate Strategy Generation Tux steps into physical retail The online suit and tuxedo rental company has opened its first showroom in Columbus, Ohio, and is planning more locations in the coming months. RetailDive March 12, 2024March 12, 2024 < 1 min read Strategy 0 Saving Bookmark this article Bookmarked
Corporate Strategy Sustainability Beyond Slogans: Actionable Strategies for Retailers In 2024, the demand for sustainable practices in retail is more than just a trend; it has become a fundamental shift in consumer expectations and regulatory requirements. Consumers increasingly make purchasing decisions based on a company’s environmental impact, looking beyond the surface to see which brands are committed to making a difference. Concurrently, governments worldwide […] Mike Szczesny March 12, 2024March 12, 2024 3 min read SustainabilityConsumersESG and CSRPackagingOperations & Supply ChainPredictions and ForecastsBrick and MortarConsultingDeliveryStrategyData & InsightsMarketing: In StoreShoppersGovernmentPartnershipsMarketing: Social MediaHealth & WellnessThick Data 0 Saving Bookmark this article Bookmarked
Media & Marketing Marketing as Your Business’s Workout Routine Building strength through synergy is the same as putting in the reps at the gym. Do you go for runs? Lift weights? Do CrossFit? Or go boxing? We all know a workout is essential for achieving peak physical fitness, that’s why even the doctor tells you to be active. This translates perfectly to business development […] Retail Bound March 12, 2024March 12, 2024 3 min read Marketing: Social MediaESG and CSRHealth & WellnessStrategyDept. Natural / OrganicMeta (Facebook)TwitterStore LocationTargetDept. ApparelMarketing: BrandOperations & Supply ChainShoppersGoogleSustainabilityData & Insights 0 Saving Bookmark this article Bookmarked
Stores & Formats Kohl’s is Expecting…Babies ‘R’ Us Shop-in-Shops to Arrive at 200 Locations Later This Year WHP Global is following a familiar playbook for its relaunch of Babies ‘R’ Us. After opening the brand’s first brick-and-mortar location since its 2018 bankruptcy in July 2023, the company has now announced plans to bring Babies ‘R’ Us shop-in-shops to 200 Kohl’s locations this year. After filing for bankruptcy and shuttering all its U.S. stores, Babies […] Retail TouchPoints March 12, 2024March 12, 2024 2 min read Store LocationDept. NonfoodDept. Toys & GamesKohlsMerchandisingBrick and MortarHoliday & EventsBankruptcyMarketing: Social MediaMarketing: In StorePredictions and ForecastsPartnershipsFlagship StoresExecutivesDept. ApparelStrategy 0 Saving Bookmark this article Bookmarked
Data & Insights Need to Know: What is advanced audience targeting and why is it important? Have you ever received an ad that felt incredibly specific? One that seems to understand exactly what stage of life you’re in and the kind of items you’re looking to buy? That is advanced audience targeting at work. Follow along as we break down what advanced audiences are, why they matter and how they’re changing […] Nielsen March 12, 2024March 12, 2024 5 min read Data & InsightsBig DataInsight ProvidersConsumersMarketing: BroadcastPredictions and ForecastsStrategyPartnershipsMarketing: Social MediaMarketing: Direct & PersonalizationStreamingTikTokDeliveryDept. BeverageMarketing: UGCMarketing: VoiceSustainabilityThick DataAI 0 Saving Bookmark this article Bookmarked
Retail Ecosystem Finding Your Passionate Core Customer This week we explore some of the content from Steve’s forthcoming book Leaders Leap: Transforming Your Company at the Speed of Disruption, which is now available for pre-order at book retailers worldwide. In particular, we go deep on a strategy of being “Special, Not Big” by significantly narrowing the aim of the customers you serve […] Remarkable Retail Podcast March 12, 2024March 12, 2024 2 min read PodcastsShoppersMarketing: Social MediaDept. GroceryConsultingInternational - North AmericaIndustry Conferences and EventsDept. ApparelData & InsightsConsumersEconomyESG and CSRTechnology & InnovationPredictions and ForecastsResults & InvestmentSponsoredStrategyTargetAmazon 0 Saving Bookmark this article Bookmarked
Channel: Grocery Acquisitions, Divestitures & Mergers Trends & External Forces Court sets late August start date for hearing on Kroger-Albertsons merger A federal judge in Oregon will decide during the proceeding whether to grant the FTC’s request to block the transaction. Written by Grocery Dive March 12, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Channel: Restaurants Department & Category Department: Consumer Durables Department: Food Department: Nonfood ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Merchandising Kids Like to Go Out to Eat ask Chuck E. Cheese 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 […] Written by Grocerant Guru March 11, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Channel: Grocery Corporate Finance Publix reports 49% growth in net earnings in FY23 US supermarket chain Publix has reported net earnings of $4.3bn in FY23, marking a 49% increase from FY22’s $2.9bn. The post Publix reports 49% growth in net earnings in FY23 appeared first on Retail Insight Network. Written by Retail Insights Network March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Channel: Mass Corporate Finance Media & Marketing Agencies & Vendors Data & Insights Trends & External Forces Target Q4 2023 Earnings Recap 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 […] Written by The Harvest Group March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Trends & External Forces CPG: Food Channel: Ecommerce & Digital Channel: Grocery Channel: Mass Department & Category Department: Beverage Department: Food Department: HBC Acquisitions, Divestitures & Mergers Corporate Strategy Corporate Finance ESG Partnerships & Alt Profit Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Retail Operations Associates & Employees Operations & Supply Chain Owned Brands (Private Label) Stores & Formats Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024 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. Written by Kroger March 7, 2024March 8, 2024 Saving Bookmark this article Bookmarked