Shopper & Customer Post-Holiday Sales Are Down: What Can Retailers Do to Win the 2024 Season? While retailers typically put a significant emphasis on post-holiday sales, they didn’t resonate with shoppers after the 2023 holiday season. During the week after Christmas, year-over-year sales were down across the board, with only computer software sales seeing an increase from 2022. Department stores, cosmetics stores and clothing stores saw some of the largest declines, […] Jonathan Silver March 19, 2024March 19, 2024 4 min read ConsumersHoliday & EventsMarketing: TradeHealth & WellnessPredictions and ForecastsPricing & PromotionsOperations & Supply ChainShoppersBrick and MortarAmazonDept. NonfoodData & InsightsDept. ApparelESG and CSRTechnology & InnovationConsultingDept. FuelDept. HBCTrends: ShoppingDept. Toys & GamesExecutivesMarketing: Loyalty & SubscriptionMarketing: Social MediaResults & Investment 0 Saving Bookmark this article Bookmarked
Data & Insights Keys to Success: The 3 Dualities. Successful leaders, teams and companies that endure over the long run seek to find ways to balance, unite and integrate opposing dualities into a harmonic and flexible approach that leverage opposing tendencies without merging or averaging them. Here are three key dualities we should all become masters of managing whether it be personally or for […] Rishad Tobaccowala March 17, 2024March 17, 2024 6 min read Technology & InnovationData & InsightsAILegal & CriminalStreamingResults & InvestmentGeneral BusinessMarketing: Social MediaPredictions and ForecastsMarketing: Digital MediaDept. Toys & GamesDept. NonfoodWeather 0 Saving Bookmark this article Bookmarked
Department: Nonfood Petco CEO Ron Coughlin Stepping Down; Interim Replacement Named Ron Coughlin, who led Petco for five years as the pet retailer’s CEO, announced Wednesday he was stepping down from the company and would remain as an advisor to the board. Petco named Michael Mohan, the former Best Buy president and COO, interim CEO while the board conducts a search for a permanent chief executive. […] Marie Albiges March 13, 2024March 13, 2024 < 1 min read Dept. PetExecutivesCOVID19Dept. Toys & GamesDept. NonfoodDept. GroceryBest BuySustainabilityPredictions and ForecastsHealth & WellnessConsumers 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
Stores & Formats Kohl’s to Add Babies R Us Shop-in-Shops to 200 Stores 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, […] Kristina Stidham March 12, 2024March 12, 2024 2 min read Brick and MortarKohlsPartnershipsDept. Toys & GamesPredictions and ForecastsDept. NonfoodMerchandisingDept. ApparelDept. HBCExecutivesWalmartMarketing: In StorePress ReleaseResults & InvestmentMarketing: BrandBankruptcy 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
Media & Marketing 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 […] Grocerant Guru March 11, 2024March 14, 2024 3 min read Dept. GroceryDept. DairyData & InsightsRestaurantsMarketing: Social MediaPricing & PromotionsDept. Toys & GamesDept. NonfoodGamingTwitterMarketing: Loyalty & SubscriptionMarketing: TradeESG and CSRDept. FreshMeta (Facebook)Predictions and ForecastsSustainabilityConsumers 0 Saving Bookmark this article Bookmarked
Shopper & Customer 3 Ways Retailers Can Increase In-Store Foot Traffic For small businesses with brick-and-mortar stores, foot traffic is (almost) everything. That’s bad news for both rural towns and small business hubs like San Francisco or New York, which haven’t yet recovered to pre-pandemic foot traffic levels. With fewer people walking along city streets and a seasonal dip in sales after the holidays, small retailers […] Pranay Agrawal March 6, 2024March 6, 2024 3 min read ConsumersShoppersMarketing: In StoreStore LocationBOPISESG and CSRTechnology & InnovationThick DataMarketing: Social MediaBrick and MortarPricing & PromotionsMarketing: TradeDept. Adult BevDept. NonfoodPredictions and ForecastsHoliday & EventsMarketing: Loyalty & SubscriptionDept. BeverageDept. ApparelCOVID19SustainabilityDept. Toys & Games 0 Saving Bookmark this article Bookmarked
Department: Nonfood Target launches private label toy brand The retailer’s Gigglescape assortment will include stuffed animals, books and games priced at $20 or less. RetailDive March 6, 2024March 6, 2024 < 1 min read TargetOwned Brands (Private Label)MerchandisingDept. Toys & GamesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Barbie Is Turning 65, And Mattel Is Betting On A Birthday Sales Boost Mattel has lined up more than 40 partnerships with brands, and is teaming up with major retailers to sell 65th anniversary themed merchandise. Joan Verdon - Forbes March 6, 2024March 6, 2024 < 1 min read Dept. Toys & GamesPartnerships 0 Saving Bookmark this article Bookmarked
Technology & Innovation 3 Keys to Creating Experiences that Gen Alpha Loves Gen Alpha is poised to reach 2 billion people by 2025, making it the largest generation in history, according to Matt Smith, Trends Manager at GWI. However, the influence and impact of this consumer base already are significant, considering the heightened role they’ve played in household decision-making processes since the start of the pandemic. “Families […] Retail TouchPoints March 5, 2024March 5, 2024 4 min read ConsumersTechnology & InnovationGamingMarketing: Social MediaESG and CSRData & InsightsHealth & WellnessDept. NonfoodPredictions and ForecastsExecutivesCompetitionCOVID19ShoppersMetaverseOmnichannelStrategyRestaurantsDept. Toys & GamesBrick and MortarTrends: TechDept. GroceryDept. HBCAcquisition 0 Saving Bookmark this article Bookmarked
Stores & Formats Party City Debuts Store Format Spotlighting Balloons and Birthdays Party City will accelerate remodels to expand a new store format that features a dedicated service area for the retailer’s extensive balloon assortment along with “birthday worlds,” designed to be one-stop shops for both kids’ and adults’ celebrations. The retailer, which emerged from bankruptcy in October 2023 with a fleet of more than 750 stores, […] Retail TouchPoints March 2, 2024March 2, 2024 2 min read Store FormatShoppersBrick and MortarMerchandisingPredictions and ForecastsMarketing: Social MediaBankruptcyStrategyHoliday & EventsDept. Toys & GamesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Books-A-Million Rolls Out Same-Day Delivery with WalmartLocal Books-A-Million is celebrating National Read Across America Day by offering same-day delivery to locations nationwide. Powered by Walmart GoLocal, the service was initially launched last year and is part of the retailer’s broader focus on creating a frictionless ecommerce fulfillment experience for customers across the U.S. To place an order, customers can visit booksamillion.com and […] Retail TouchPoints March 1, 2024March 1, 2024 < 1 min read DeliveryWalmartShoppersStore LocationMarketing: Social MediaPredictions and ForecastsOmnichannelDept. Toys & GamesDept. NonfoodPartnershipsExecutivesBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Club Costco To Open New Furniture-and-Appliances-Only Store The Street reports that Costco “plans to open a store solely dedicated to furniture and appliances.” The story notes that “most of Costco’s 850 global locations are its classic warehouse model that sells food, household goods, and lots of other things. The chain has opened a handful of ‘Business Centers,’ in recent years, locations that […] MorningNewsBeat February 28, 2024February 28, 2024 < 1 min read CostcoDept. NonfoodStore LocationDept. AppliancesOperations & Supply ChainPredictions and ForecastsCompetitionDept. Toys & GamesDept. GroceryBrick and Mortar 0 Saving Bookmark this article Bookmarked
Corporate Strategy Your Views: Mass Marketing Lives I got several reactions to yesterday’s breaking news about the Federal Trade Commission (FTC) filing suit to block Kroger’s proposed $24.6 billion acquisition of Albertsons. MNB fave Glen Terbeek wrote: So much mass marketing mentality. We are past the 1960’s. What about maximizing market performance of each local store and its shoppers through creating […] MorningNewsBeat February 27, 2024February 27, 2024 5 min read Technology & InnovationAIKrogerShoppersGovernmentTargetStore LocationAcquisitionDept. Natural / OrganicRegional GroceryAlbertsons / SafewayWalmartData & InsightsMeta (Facebook)Industry Conferences and EventsAssociatesPredictions and ForecastsMetaverseResults & InvestmentMarketing: Social MediaHealth & WellnessDept. Toys & GamesDept. DairyDept. NonfoodDept. BeverageStrategyConsumersBrick and MortarTech: CashierlessVendorsOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Trends & External Forces Report: Amazon.com US Sales Will Surpass $640B in 2024 Amazon.com U.S. retail sales will total $641.3 billion in 2024, an increase of 19.9 percent or $106.6 billion from 2023, according to a new report from digital retail consultancy Momentum Commerce that tracks Amazon’s U.S. retail sales as well as hundreds of Amazon product categories. According to the report, the following top-level, physical goods categories […] Melissa Campanelli February 27, 2024February 27, 2024 2 min read Predictions and ForecastsAmazonDept. BeverageNestleDept. Toys & GamesDept. PetDept. NonfoodDept. HBCData & InsightsConsumers 0 Saving Bookmark this article Bookmarked
Channel: Restaurants 10 ways Vision Pro Headset Will Change Restaurant Marketing Strategies Retail foodservice operators and restaurants specifically are operating at the intersection of yesterdays branding templates, and tomorrows customer focused interactive, participatory experiences according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® who stated, “The Vision Pro Headset has elevated every brands relationship with every customer making it a one-on-one immersive personalization […] Grocerant Guru February 25, 2024February 25, 2024 3 min read RestaurantsTechnology & InnovationDept. GroceryData & InsightsShoppersMarketing: Loyalty & SubscriptionMarketing: Direct & PersonalizationMarketing: TradeTech: AR and VRMetaversePricing & PromotionsTargetPredictions and ForecastsDept. Adult BevDept. Toys & GamesMarketing: BrandDept. NonfoodDept. BeverageDept. FreshESG and CSRUnilever 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables The Weekly Closeout: Mattel taps new head of dolls and will VF Corp sell one of its biggest brands? Krista Berger is the new senior vice president of Barbie and will lead the dolls division at the toy company. Meanwhile, the apparel conglomerate is reviewing its brand assets. RetailDive February 23, 2024February 23, 2024 < 1 min read Dept. Toys & GamesExecutivesDept. Apparel 0 Saving Bookmark this article Bookmarked
Media & Marketing Colder weather and NFL playoffs drive increased TV usage in January Audiences stream a record 40.8 billion viewing minutes on Jan. 13, 2024 Chilly weather, coupled with the excitement of the NFL playoffs, helped boost total TV viewership 3.7% in January. While historically characteristic for the month, the uptick was perhaps more noteworthy because it was 1.4% above its level last year—a reporting period that was […] Nielsen February 20, 2024February 20, 2024 5 min read StreamingMarketing: Digital MediaMarketing: BroadcastWeatherInsight ProvidersBig DataData & InsightsPredictions and ForecastsMarketing: Social MediaData VisualizationMarketing: UGCGamingHoliday & EventsAmazonConsumersDeliveryDept. FuelDept. NonfoodDept. Toys & GamesInclusivityMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
Technology & Innovation Six Ways Robots Are Being Used at Different Stages of the Retail Process — and Why Strap in for a glimpse into the not-too-distant future where our retail escapades are getting an android-assisted upgrade! From precision shelf stocking to whizzing through checkouts, let’s wheel through six ways in which robots are already revolutionizing the entire shopping experience. Stockroom Sorting Shenanigans There’s now a wide variety of different types of robots for […] Retail Minded February 20, 2024February 20, 2024 3 min read Technology & InnovationAITech: RoboticsShoppersDeliveryMerchandisingPredictions and ForecastsOperations & Supply ChainAssociatesPackagingDept. Toys & GamesDept. NonfoodDept. FreshDept. ApparelColgate-PalmoliveBrick and Mortar 0 Saving Bookmark this article Bookmarked
Data & Insights Future-proofing Ourselves. Earlier this month: “Meta Platforms Inc. tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the “year of efficiency.”” Meta increased revenue by over 25 percent from year ago with nearly […] Rishad Tobaccowala February 18, 2024February 18, 2024 7 min read Technology & InnovationAIData & InsightsPredictions and ForecastsDept. PetAssociatesMeta (Facebook)Dept. NonfoodPartnershipsMarketing: Social MediaLegal & CriminalGeneral BusinessInternational - UKStrategyDept. Toys & GamesChatGPTExecutivesWeatherInternational - North America 0 Saving Bookmark this article Bookmarked
Department: Beverage Why Monster Beverage is the best-performing stock of the last 30 years Monster Beverage has grown its sales and stock price by appealing to younger blue-collar consumers interested in things such as motocross, UFC and video games. CNBC February 17, 2024February 17, 2024 < 1 min read Dept. BeverageConsumersDept. Toys & GamesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Technology & Innovation The Future of Video Gaming and Consumer Expectations You’ve just sat down. VR Headset on. What now? This article aims to get you inside the head of your consumer. As a gaming brand, it can be tough to keep up with the constantly changing landscape of what the video gaming industry is doing. What do gamers want from brands? How can non-gamers become […] Mintel February 16, 2024February 16, 2024 5 min read GamingConsumersTechnology & InnovationAIPredictions and ForecastsTech: AR and VRDept. NonfoodDept. Toys & GamesInternational - UKCOVID19MetaverseSustainabilityData & InsightsResults & InvestmentMarketing: Social MediaEconomyMarketing: Loyalty & SubscriptionESG and CSRDept. GroceryTrends: ConsumerOperations & Supply ChainPricing & PromotionsStrategyLegal & Criminal 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Guess?, WHP Global Team Up to Buy Rag & Bone Guess? has partnered with the global brand management firm WHP Global — which owns the Toys ‘R’ Us and Babies ‘R’ Us brands as well as a stake in Express — to acquire the New York-based fashion brand Rag & Bone. The deal is expected to close during Q1 of the Guess? 2025 fiscal year, […] Retail TouchPoints February 16, 2024February 16, 2024 3 min read AcquisitionDept. ApparelPredictions and ForecastsPartnershipsExecutivesBrick and MortarDept. NonfoodDept. Toys & GamesWalmartResults & InvestmentBankruptcyMarketing: Social MediaInternationalInternational - UKMarketing: BrandStrategy 0 Saving Bookmark this article Bookmarked
Media & Marketing What Made the Stanley-Starbucks Collab Go Viral? The Psychology of Scarcity The Stanley X Starbucks Valentine’s Day Quencher H2.0 Tumbler is the latest example of a viral retail phenomenon. The 40-ounce tumbler joins the likes of the Cabbage Patch Doll, Tickle Me Elmo and Furbies, which all generated long lines — even stampedes — of consumers clamoring to get their hands on these coveted goods. And […] Retail TouchPoints February 15, 2024February 15, 2024 6 min read ConsumersMarketing: Social MediaTikTokRestaurantsTargetESG and CSRData & InsightsShoppersPredictions and ForecastsDept. ApparelMarketing: BrandPartnershipsSustainabilityMarketing: Loyalty & SubscriptionMerchandisingExecutivesAssociatesHoliday & EventsHealth & WellnessTechnology & InnovationStrategyDept. Toys & GamesDept. NonfoodDept. Natural / OrganicOperations & Supply ChainAcquisition 0 Saving Bookmark this article Bookmarked
Partnerships & Alt Profit Express Launches Debt Restructuring Effort in Bid to Avoid Bankruptcy Amid declining sales, apparel retailer Express has hired restructuring adviser M3 and law firm Kirkland & Ellis to help restructure nearly $280 million of debt, according to the Wall Street Journal, which cited people with knowledge of the matter. If the company is unable to successfully restructure its debt, a bankruptcy filing could be imminent. Express’ […] Retail TouchPoints February 14, 2024February 14, 2024 2 min read PartnershipsBankruptcyOmnichannelExecutivesMarketing: Social MediaDept. ApparelResults & InvestmentEconomyDept. NonfoodDept. Toys & GamesDeliveryVendorsLegal & CriminalMarketing: BrandOperations & Supply ChainPredictions and ForecastsWalmart 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Hasbro cuts half of its SKUs as sales fall 23% in Q4 CFO Gina Goetter said the products represented just 2% of revenue and were duplicative and unprofitable. RetailDive February 14, 2024February 14, 2024 < 1 min read Dept. Toys & GamesExecutives 0 Saving Bookmark this article Bookmarked
Technology & Innovation How Traceability Technology is Helping Luxury Retailers Stay in the Game In an age where everyday goods cost more than ever, is our appetite for the finer things subsiding? According to Bank of America card data, credit card spending for luxury fashion is down 16 percent year-over-year, the product of a six-quarter-long decline. In October, one of the world’s top luxury retailers saw its stock drop […] Chris Cassidy February 14, 2024February 14, 2024 3 min read Technology & InnovationConsumersData & InsightsLegal & CriminalDept. ApparelOperations & Supply ChainPredictions and ForecastsMetaverseExecutivesGamingBig DataDept. PerimeterTrends: TechDept. FreshConsultingResults & InvestmentMarketing: BrandDept. Toys & GamesColgate-PalmoliveMarketing: BroadcastCustomer ExperienceStrategySustainabilityTech: IoTDept. Nonfood 0 Saving Bookmark this article Bookmarked
Trends & External Forces Squishmallows Launches Legal Fight Against Build-A-Bear ‘Knockoffs’ Warren Buffett is taking on Build-A-Bear, and he’s not backing down. His Jazwares company, which produces the wildly popular Squishmallows plush toys, has sued Build-A-Bear Workshop, saying its Skoosherz line of toys is a “knockoff” of their idea. RetailWire February 14, 2024February 14, 2024 < 1 min read Legal & CriminalDept. Toys & GamesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Hasbro reports 20% revenue drop, issues downbeat 2024 outlook Hasbro now expects to cut $750 million in costs by the end of 2025, up from a previous target of $350 million to $400 million. CNBC February 13, 2024February 13, 2024 < 1 min read Dept. Toys & GamesPredictions and ForecastsTarget 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