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 Industry Roundup |
Apparel & Accessories
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Tom Brady merges fitness brand TB12, apparel brand 'Brady' under umbrella of cross-training equipment company Nobull
Retail Dive (01/31)
GlobalData projects SHEIN will overtake Zara in next two to three years in global fashion market; SHEIN's success attributed to its strategy of offering affordable clothing and lifestyle products, introducing over 2,000 new styles daily
Indian Retail News (01/30)
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Auto Parts & Accessories
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Ford testing use of olive tree foliage waste to create sustainable auto parts for electric vehicles as part of the COMPOlive project; project aims to replace plastics with biocomposites and contribute to cleaner air by avoiding burning waste
Renewable Carbon Initiative (RCI) (01/31)
Gentex reports fourth quarter and year end 2023 financial results
Gentex Corp (01/26)
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Books & Bookselling
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New book titled 'Carbon Done Correctly: A Model for Climate Mitigation from the Global South to Wall Street' explores carbon offsets and climate change mitigation efforts; book discusses Proyecto Mirador and Cool Effect, highlights need for transparency
PR Newswire (01/31)
Advantage Media names Renee Barnstone as CFO, charged with leading and scaling company's financial and technology needs to support its growth
PR Newswire (01/30)
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Consumer Electronics
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Newegg Debuts Newegg Refreshed Program to Offer Quality Resale Products at Low Prices
Business Wire (01/25)
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Groceries
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Instacart makes over a dozen grocers SNAP eligible for online orders; expansion means company now accepts SNAP at over 170 retail banners and more than 14,000 stores
Supermarket News (01/30)
Dollar General partners with AI-based automated-ordering software Shelf Engine to bring more fresh produce to shelves, reduce food waste, ensure stocked shelves; move comes as company looks to bring more fresh produce to stores to combat food insecurity
FoodNavigator.com (01/29)
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Home / Residential Furniture
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Furniture Insights: November furniture orders up 26% year-over-year, marking seven months of consecutive double-digit growth, despite declining shipments and lower backlogs; furniture orders up 4% year-to-date, but shipments down 17% year-to-date
Smith Leonard PLLC (01/31)
Japanese-Finnish designer Yuka Takahashi unveils minimalist chair using UPM Grada material, highlighting its strength and portability; the designer is also exploring UPM Grada's potential in architecture due to its malleability and natural texture
UPM Kymmene Oyj (01/31)
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Home Improvement / Hardware Stores
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Picture Rocks Ace Hardware in Tuscon, Arizona to open on Feb. 2 with grand opening events, specials until Feb. 4.
Industry Intelligence Inc. (01/30)
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Kitchenware / Cookware / Bakeware
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Meyer introduces KitchenAid NITRO Carbon Steel Cookware with nitro heat technology for increased performance and durability, offered exclusively on Williams-Sonoma.com; range eliminates issues of rusting and corrosion common with carbon steel pans
PR Newswire (01/31)
Drew Barrymore's Beautiful Kitchenware line at Walmart marks Valentine's Day with new range of pink cookware and heart-shaped Dutch oven; the limited edition hue is exclusive to Walmart
WTVR-TV (Richmond, VA) (01/26)
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Private-Label Products
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UK tissue converter announces its results for the six months ended Oct. 31, 2023; branded volumes grew in key markets, rising by 45% in H1 FY24, and private label market share increased to 55%
Accrol Papers Ltd. (01/31)
Coop Group and Swiss dairy products manufacturer Emmi switch selected milk and cream products to new white-colored PET bottles; white PET bottles are currently the only type of plastic food packaging in Switzerland that can be recycled in a closed cycle
MarketLine (01/31)
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Shoes & Footwear
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Adidas' preliminary full-year results exceed latest expectations, sales fall 5% to €21.4M; company decides not to write off most of its Yeezy inventory, selling remaining inventory at cost would result in sales of around €250M in 2024
Adidas AG (01/31)
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Toys
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Toy sales fall 8% in 2023; factors include inflation, depleted customer savings, rising consumer credit card debt: Circana
Retail Dive (01/30)
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Pop-Up Stores / Businesses
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Unilever taps into TikTok's ‘cleanfluencers’ trend with new in-store activation with Asda to promote its household brands; interactive digital screens at the front of the store allows shoppers to select and see videos on their cleaning interest
Grocer (UK) (01/26)
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Payment Systems
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Visa faces class action lawsuit that alleges company failed to make its prepaid 'Vanilla' gift cards less likely to be drained by thieves; cards are sold in paperboard sleeves, which thieves are able to open to record card information and reseal
Reuters (01/31)
Flipkart announces that it is approaching profitability; news comes as company gears up to enter the payments sector in India by launching its own service on the Unified Payments Interface
Indian Retail News (01/30)
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Retailing
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Analysts weigh in on what to expect from Amazon's Q4 earnings report: Bank of America says 'expect retail to be a bright spot'; Bloomberg Intelligence says 'advertising revenue may continue to grow at a 20%+ clip'
Business Insider (01/31)
Executive Perspective: With Covid boosting demand for pharmacy services and consumers seeking wider range of services, status quo is no longer good enough, says CVS Health EVP; pharmacy model must evolve, offer better working conditions and digital tools
Fortune (01/31)
DoorDash highlights most popular Valentine's Day trends from 2023, including: sunflowers were second most ordered flower behind roses; balloons and chocolate were among most popular pairings with a bouquet
DoorDash Inc. (01/31)
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Retail group
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Walmart uses virtual, augmented reality technologies to enable customers to virtually 'try on' eyewear frames and purchase prescription eyewear online online; technology uses 3D data, algorithms to create a digital twin of frames
Contify Retail News (01/31)
Ross Stores appoints Karen Fleming president and chief merchandising officer of dd’s DISCOUNTS
Business Wire (01/31)
Aldi to open four stores in Illinois, Florida, California and Arizona on Feb.1
Supermarket News (01/31)
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Food Retail
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Supermarket
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Mercadona pays out €600M in bonuses to its workforce, 50% more than last year
CE Noticias Financieras (Latin America) (01/31)
Tesco reminds customers to spend more than £18M in Clubcard vouchers before they expire
Tesco PLC (01/30)
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Convenience Store
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Wawa breaks ground on Tallahassee, Florida, location; company plans to debut first wave of stores in the area by early 2025 amid major north Florida expansion
Tallahassee Democrat (01/26)
US convenience-store industry grows for second consecutive year, up 1.5% year-over-year to 152,396 stores; Texas continues to have the most convenience stores at 16,304 stores, only seven states saw a reduction in store counts NACS/NIQ
Supermarket News (01/25)
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Drug Retail
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Drugstore Chain
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Walgreens cuts 145 workers, mainly from its corporate workforce; layoffs come less than three months after company cut 5% of its corporate staff, or 267 positions
Supermarket News (01/31)
Walgreens launches 2023 ESG report, highlights include: reduced Scope 1 and Scope 2 emissions by 5%, on track to achieve 30% by 2030; spent over US$700M with diverse Tier 1 suppliers in the US; Boots eradicated wet wipes made with plastic fibers
Walgreens Boots Alliance Inc. (01/26)
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In-Store Pharmacy
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Chicago considers prohibiting small-box retailers, such as dollar stores, from opening within a mile of one under the same owner or manager; stores with pharmacies, gas stations or those that have 10% of their floor occupied by fresh foods would be exempt
Supermarket News (01/25)
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Hypermarkets & Super Centers
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Mass Merchandise Retailers
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Walmart plans to build or convert over 150 stores in the next five years after not opening a new store since Nov. 2021; company also plans to remodel 650 existing stores this year across 47 states and Puerto Rico
Associated Press (01/31)
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Internet Retail
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E-Commerce Trends & Statistics
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Euromonitor names top five digital consumer trends for 2024, including improved online experiences that use AI and AR, growing TikTok economy, consumers seeking platforms that root out best deals, rise of re-commerce, and revamping of return policies
PR Newswire Europe (01/31)
Flipkart leads e-commerce in India with 48% share, while Meesho is fastest-growing platform with around 120 MAUs; Flipkart's user base grew 21% year-over-year, Meesho at 32%, Amazon at 13%: AllianceBernstein
Best Media Info (India) (01/29)
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Online Media & Digital Apps
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EUCityCalc launches free online platform to support European cities in achieving low-carbon scenarios, aligning with 2050 EU emission reduction targets; tool helps visualize, simulate, and assess sustainable policies and strategies
Carbon Market Watch (01/31)
Nova Institute analyzes consequences of EU's upcoming green claims regulations, will hold session exploring new legislation's implications on Feb. 7; online session to discuss optimal communication of environmental performance to prepare for 2027 mandates
Renewable Carbon Initiative (RCI) (01/31)
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Online Selling / Shopping
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Binny Bansal resigns from Flipkart board; news comes after Bansal sold entire stake in the company
Dion Global Solutions Limited (01/29)
Visory Health names Kroger as preferred partner for pharmaceutical orders, covering over 2,000 pharmacies across 35 states, including Kroger-owned brands; the move positions Kroger's nearly 11 million daily shoppers to benefit from the service
Supermarket News (01/26)
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General Retailing
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Department Store
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Dillard’s to donate more than US$245,000 to local RMHC chapters through sale of Southern Living Christmas Cookbook
Dillard's Inc. (01/25)
JCPenney partners with Dallas-based fashion and lifestyle influencer LaDarius Campbell to launch limited-time collection for company's Stylus men’s apparel brand; collection offers 26 versatile pieces made to be worn together
Associated Press (01/25)
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Off-Price Stores / Outlets
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Nordstrom Rack to Open Two New North Carolina Stores in Raleigh and Matthews
Nordstrom Inc. (01/30)
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Consumers
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Consumer Economics
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Commentary: Consumer goods giants could see margin recovery halt as price hike benefits abate, consumers are more willing to trade down; S&P Global forecasts low- to mid-single-digit revenue growth in household and personal care segment for 2024
Reuters (01/30)
European Commission's Economic Sentiment Indicator fell 0.1 points in January to 96.2 in the euro area; consumer confidence remained broadly unchanged
European Commission (01/30)
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Consumer Behavior / Attitudes
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John Burns Consulting: Built-to-rent renters choose master-planned communities for similar reasons as home buyers, such as sense of community, access to amenities, safety and security; survey finds 63% of BTR tenants plan to purchase their next home
John Burns Research & Consulting (01/31)
Executive Perspective: Mondelez dismisses dip in volume in North America in Q4 as a 'one-off' from which it will quickly bounce back despite planned price hikes and ongoing shifts in consumer spending, says CEO Dirk Van De Put
FoodNavigator.com (01/31)
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Population / Demographics
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Older adults cite cost, time off work and exposure to COVID-19 as major concerns when considering having a surgery, according to University of Michigan study; such issues are more likely to dissuade an individual from having surgery than pain concerns
University of Michigan Institute for Healthcare Policy & Innovation (01/30)
Younger shoppers, influencers are driving boom in household cleaning sector, transforming cleaning into aspirational activity; spring is key time to drive household cleaning sales, with shopper priorities being accessibility, value, sustainable innovation
Convenience Store (UK) (01/26)
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Stock
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Latest: Jan, 31 2024
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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Albertsons Cos. Inc. (ACI)
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21.22
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21.67
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-2.08%
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0.09%
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Amazon Com (AMZN)
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155.20
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159.00
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-2.39%
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50.49%
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Costco Wholesale (COST)
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694.88
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700.74
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-0.84%
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35.95%
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Cvs Caremark (CVS)
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74.37
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73.85
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0.70%
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-15.70%
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Dollar General (DG)
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132.07
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131.92
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0.11%
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-43.46%
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Dollar Tree (DLTR)
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130.62
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131.30
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-0.52%
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-13.02%
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Home Depot (HD)
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352.96
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357.10
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-1.16%
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8.88%
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Kroger Company (KR)
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46.14
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46.65
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-1.09%
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3.38%
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Lowes Companies (LOW)
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212.84
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214.52
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-0.78%
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2.20%
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Target (TGT)
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139.08
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140.52
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-1.02%
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-19.21%
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Tesco plc (TSCO) :LON
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292.10
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292.50
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-0.14%
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17.97%
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Wal Mart Stores (WMT)
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165.25
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165.59
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-0.21%
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14.86%
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Walgreen (WBA)
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22.57
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22.76
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-0.83%
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-38.77%
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Retail & Omnichannel
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