by - August 6, 2024 11:23 am
Off-price retail is popular with inflation-weary consumers looking for their favorite brands at a discount. But not all off-price retailers are cashing in. Ohio-based Big Lots recently announced plans to…
by - August 4, 2024 4:03 pm
As Walmart’s grocery business grows, the retailer plans to transform the supply chain that feeds the food and consumables business. Groceries accounted for more than $264 billion of Walmart’s U.S….
by - July 26, 2024 9:18 am
With rising menu prices from fast food to casual dining restaurants, convenience stores are doubling down on their quick-serve and made-to-order foods in an effort to attract more customers on…
by - July 22, 2024 2:52 pm
As soon as the July 4 holiday ends, families often switch their spending intentions toward back-to-school. A recent survey by JLL found parents plan to spend 21.8% more on back-to-school…
by - July 15, 2024 10:49 am
Walmart International’s revenue reached $114.6 billion last year, which represented 18% of Walmart’s consolidated sales in fiscal 2024. The business sector holds tremendous growth potential in some of the world’s…
by - July 7, 2024 10:26 am
Generation Z, the youngest age demographic of consumers (18 to 27 years), is the first digitally native generation. According to research from SheerID, it represents around 2 billion global consumers…
by - June 30, 2024 8:57 am
Sam’s Club is on a roll, growing revenue and membership with rising sales of the Member’s Mark private brand and a profitable e-commerce business up 17% in the most recent…
by - June 27, 2024 7:35 am
Springdale-based Tyson Foods continues to grow its higher-margin value-added business by introducing food innovation from concept to retail launch in its Discovery Innovation Center. The company’s goal is to bring…
by - June 16, 2024 9:43 am
Last October, Walmart announced the phase-out of its Decision Support System (DSS) app in the Retail Link portal it shares with suppliers. The portal allows suppliers to track their online…
by - June 13, 2024 11:14 am
Walmart has a long history with private brands, offering over 29,000 products in 20 categories since 1983. Among these is the Ol’ Roy dog food brand, named after Sam Walton’s…
by - June 2, 2024 8:28 am
Parallel shifts in retail commerce over recent years have been driven by global events and the rapid emergence of technology that is transforming the way retailers operate and customers shop….
by - May 29, 2024 2:29 pm
According to industry data, the retail industry has an estimated $380 billion annually from overstocks, out-of-stocks and other inventory challenges that result in lost sales or deep discounts for suppliers…
by - May 19, 2024 10:44 am
Recent surveys on buy now, pay later (BNPL) indicate that the deferred payment form is expected to surge in the next few years. BNPL drew widespread adoption during the COVID-19…
by - May 13, 2024 10:16 am
Self-checkout is nothing new in retail. It first appeared more than three decades ago in Kroger and is now in more than 95% of retailers, according to the Food Industry…
by - May 5, 2024 11:32 am
According to market research firm eMarketer, U.S. digital grocery sales will grow 11.5% to reach $204.61 billion this year. And there’s still room for growth, as digital grocery will represent…
by - April 21, 2024 10:21 am
U.S.-based fintech Bread Financial found that half of middle-class consumers are spending more than last year because of inflation. The financial services firm conducted surveys between October and December 2023…
by - April 13, 2024 9:18 am
According to GlobalData, the U.S. secondhand apparel market grew 11%, or seven times faster than the broader retail apparel market, to $43 billion last year. The report estimates that resale…
by - April 6, 2024 8:54 am
Consumers continue to spend on discretionary items at off-price retailers like Burlington, Ross Stores and TJX banners such as T.J. Maxx, Marshalls and HomeGoods. The off-price retailers are outperforming department…
by - April 1, 2024 1:26 pm
In his memoir, Walmart founder Sam Walton noted that the customer was the most important person in the business. He spent hours each week walking around his stores, talking to…
by - March 24, 2024 9:38 am
Five years ago, omnichannel — multiple methods to reach consumers — was a retailer’s choice. Still, following a pandemic that changed the landscape for many economic sectors, the hybrid shopping…
