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 Industry Roundup |
Apparel & Accessories
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Nike beats expectations as sales rise 14% from last year; company says results fueled by product innovation, relationships with consumers, digital advantage that fuels brand momentum
Investing.com (03/22)
PetSmart expands Arcadia Trail collection with outdoor clothing, gear and toys for dogs made from 100% recycled materials, including pet bandanas, dog t-shirts and hoodies; line also features dog caps made of 50% recycled materials
Contify Retail News (03/22)
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Auto Parts & Accessories
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Origin Materials enters agreement to supply Hyosung Advanced Materials with carbon-negative materials including PET, hybrid PET/FDCA, HTC battery materials and more; materials are suitable for end markets including automotive, apparel
Business Wire (03/22)
Standard Motor Products releases 110 new part numbers, including new coverage for 56 product categories, 29 part numbers for 2022 and 2023 model year vehicles; new park assist cameras offer coverage for 2.9 million vehicles
PR Newswire (03/22)
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Books & Bookselling
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Average digital printer of hard cover books running at 65% of their capacity in March, up from 59% in February, while average lead time to complete hard cover books drops from 21 to 17 days, BMI finds; digital soft cover books at 67% capacity
WhatTheyThink (03/22)
Culture wars, including book bans and assaults on AP African American studies curriculum, are energizing feminist bookstores; most indie bookstores identifying as feminist also embrace LGBTQ books, Black literature
Publisher's Weekly (03/21)
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Consumer Electronics
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HP Wolf Security Threat Insights Report shows that hackers are diversifying attack methods, including surge in QR code phishing campaigns, malicious PDF attachments and malware delivered through ZIP, RAR, IMG files
HP Inc. (03/16)
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Groceries
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Lotte to begin construction of e-grocery fulfillment center in Busan, South Korea, using technology from Ocado; set to be built by 2025, 40,000-sqm facility will use Ocado Smart Platform to handle entire process from order acceptance to packing, logistics
Yonhap News Agency (South Korea) (03/22)
YouTube has highest Purchase Intent Rate for grocery brands at 5.2%, 1.4 times higher than the category benchmark; Walmart drives the most in-market traffic for grocery brands with 41.2% of Purchase Intent Clicks, followed by Target, Amazon: MikMak
Supermarket News (03/22)
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Home / Residential Furniture
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ESG compliance within Malaysian wood products and furniture industries is still low at 15%, seen as an obstacle to global competitiveness; academic notes ESG compliance is among today's market requirements and that some countries have made it a law
Malaysian Government News (03/20)
Big Lots dealing with furniture shortages following the abrupt closure of United Furniture Industries, its largest supplier; furniture makes up roughly half of Big Lots’ e-commerce sales
Retail Dive (03/16)
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Home Improvement / Hardware Stores
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Kingfisher reports full-year pre-tax income beat despite drop in sales
Investing.com (03/21)
CEO of Home Depot Mexico says relocation of companies --known as nearshoring-- is an opportunity to address the high inflation that affects the construction sector; company looks to grow its store count to over 150 in Mexico, particularly in Mexico City
CE Noticias Financieras (Latin America) (03/20)
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Kitchenware / Cookware / Bakeware
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Bakeware and cookware maker What More UK acquires Firsteel, manufacturer of coated coil and prefinished metal; acquisition to secure lines of supply for What More, enabling quality control throughout whole production process
ENP Newswire (03/17)
Meyer expands Rachael Ray cookware brand with new Rachael Ray Cook + Create Cookware, available in two versions, Enameled Aluminum and Hard Anodized; line boasts premium triple layer nonstick and shatter-resistant glass universal lids
PR Newswire (03/17)
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Private-Label Products
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Private-label OTC provider Granules Consumer Health completes audit by US FDA with zero 483 observations at its packaging facility in Manassas, Virginia; facility is spread over 79,000 sq. ft. and has several packaging suites to service customer needs
Dion Global Solutions Limited (03/22)
Sainsbury’s switches from plastic packaging to recyclable paperboard cartons for its own-brand 750ml liquid laundry detergents; new cartons are 35% lighter than original packaging, use 85% less plastic
Contify Retail News (03/20)
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Shoes & Footwear
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Foot traffic at Lululemon, Nike stores increased in February, despite an overall decrease in at sporting goods apparel stores by nearly 8%; traffic could indicate that companies' 'experiential' brick-and-mortar designs seem to be working: Placer.ai
Business Insider (03/20)
Foot Locker, Nike align on growth in basketball, kids, sneaker culture in 'revitalized' partnership; though Foot Locker will not see more limited edition lines such as Dunks and Jordans, holiday season will feature LeBron James, Kevin Durant retro shoes
Business Insider (03/20)
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Vitamins / Supplements
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Nestle acknowledges that nutritional value of just 46% of its portfolio of mainstream food and drinks can be considered 'healthy' using a commonly accepted definition; portfolio excludes pet food, baby food, vitamins and specialized medical nutrition
swissinfo (Switzerland) (03/22)
Pet vitamin sales exceed US$1B in 2022, driven by price increase from inflation as well as 'robust' compound annual growth rate of 10.9% between 2017-2022, according to Packaged Facts; dog products accounted for estimated 77% of total pet supplement sales
The Freedonia Group Inc. (03/21)
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Omnichannel
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Kuehne+Nagel increases Decathlon's logistics capacity in Latam by 30%
Kuehne + Nagel International AG (03/21)
Bergen Logistics features cloud-based Warehouse Management System for omni-channel supply chain solutions; system can be used to create customized inventory management, distribution strategy based on needs of customers across multiple platforms
GlobeNewswire (03/21)
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Brick-and-Mortar Retail
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New York City grocer Fairway is collecting biometric data such as facial recognition on its shoppers to catch shoplifters; shoppers have mixed reactions to the technology, calling it either 'creepy' or necessary to avoid higher prices: New York Post
Business Insider (03/20)
While 96% of consumers worldwide say they plan to adopt thrifty behavior in the coming months, in the long term many are eager to return to their pre-pandemic habits and plan to go back to the stores, according to PwC survey
CE Noticias Financieras (03/17)
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Payment Systems
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Panera announces its planned rollout of Amazon One as a loyalty identification for Panera's loyalty program and a contactless payment; technology being deployed at several Panera units in St. Louis with plans to expand to more locations in coming months
Business Wire (03/22)
DoorDash announces launch of Cash on Delivery for DoorDash's white label delivery service DoorDash Drive; Cash on Delivery is only available for restaurants using DoorDash Drive because those merchants specifically requested a cash option
Business Insider (03/21)
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Frictionless Retail / Checkout
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Amazon says its palm-scanning or cashierless checkout technology is currently in over 200 establishments; over 50 installations were with independent retailers, stadiums and university customers, while the rest were in Whole Foods, other Amazon stores
Reuters (03/22)
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Retailing
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Carrefour agrees to extend chairman and CEO Alexandre Bompard's term for another three years, through to its 2026 annual shareholder meeting; Bompard will continue executing plan to generating free cash flow of over €1.7B by 2026
Reuters (03/22)
Giant Eagle appoints Bill Artman as interim CEO, replacing Laura Karet, who held the role for 11 years; Artman most recently served as President of Supermarkets, with duties that included overseeing supply chain operations, retail innovation, more
Supermarket News (03/22)
Ollie's Bargain Outlet's FY2022 net sales rise 4% year-over-year to US$1.8B, driven entirely by new store openings, with same-store sales falling 3%; however, Q4 same-store sales rise 3%, net income surges almost 19% to US$53M, sending stock up 11%
The Motley Fool (03/22)
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Retail group
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Schnuck Markets partners with Picadeli to offer AI-powered smart salad bar at 22 locations in Missouri, Illinois; solution will enable full traceability of supply chain and operations, QR codes will ensure products do not stay out longer than allowed
Supermarket News (03/22)
Circana: US$2.9T US consumer retail market set for repositioning, as demand falls in nearly every discretionary general merchandise, consumer packaged goods industry; consumers' need to get more for their money will chip away at loyalty as they seek value
The NPD Group Inc. (03/22)
Kroger to open two new stores next year in the Dallas-Fort Worth market, will replace one in Plano; retailers Tom Thumb, Target, H-E-B are also stepping up construction in the area as a response to record-setting population growth in North Texas
Dallas Morning News (TX) (03/21)
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Food Retail
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Supermarket
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California-based Great American Packaging sees 78% increase in sales of printed products since installing EVO XD eight-color flexographic press from Koenig & Bauer; company has expanded its customer base into retail, grocery stores
WhatTheyThink (03/22)
Kroger, Hy-Vee pull in the most shoppers in the Midwest for January; Hy-Vee tops Iowa visit share with 65%, as well as South Dakota at 58%, Nebraska at 41%, while Kroger was No. 1 in Ohio with 43%, Indiana at 35%: Placer.ai
Supermarket News (03/21)
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Convenience Store
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Sainsbury’s convenience store sales rise 10% year-over-year to reach £3B milestone, with number of customers rising 12%; company plans to open over 20 more locations in the next 12 months as customer demand continues to grow
J Sainsbury PLC (03/20)
FedEx Express launches self-collection service for import shipments at 12,000 7-Eleven stores across Korea at any time of day and week; move to enable online merchants to provide greater flexibility and choice for delivery for consumers
Targeted News Service (Press Releases) (03/20)
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Groceries
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Kroger --owner of King Soopers, City Market stores-- opens fulfillment center in Aurora, Colorado, enabling launch of online grocery delivery in the Denver metro area; 300,000 sq-ft facility will deliver to customers up to 90-mins away from hub
The Kroger Co. (03/21)
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Hypermarkets & Super Centers
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Big Box Retailers
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Revolution Trucking reports doubling number of shipments year-over-year, with a 99.4% customer retention rate; company works with big box retailers to deliver goods such as shelf-stable foods, perishables and paper products, as well as reverse logistics
PR Newswire (03/16)
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Internet Retail
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E-Commerce Trends & Statistics
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Shoppers accuse Gen Z of driving up thrift store prices by reselling 'thrift hauls' at a premium on platforms such as Poshmark, Depop; secondhand marketplace ThredUp says secondhand market is expected to grow 16 times faster than the full-price market
Business Insider (03/21)
Online retail sales in Chile fall 13% year-over-year to US$10.5B in 2022, marking the first drop in the history of e-commerce in the country, data shows
CE Noticias Financieras (03/17)
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Online Media & Digital Apps
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GM selects Adobe Experience Cloud to deliver real-time customer engagement, one-to-one personalized interactions to millions of EV customers; interactions to educate customers on EV benefits, guide them through buying and post-purchase journey
Associated Press (03/22)
Cosmo Pharmaceuticals to integrate NVIDIA’s AI technologies into its GI Genius intelligent endoscopy module used to detect polyps; Cosmo creates Innovation Center website to enable third-party AI developers to validate their AI models with GI Genius
Canada Newswire (03/22)
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Online Selling / Shopping
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E-commerce retailer Fanatics replaces Adidas as supplier of on-ice uniforms for the NHL as part of 10-year deal, starting with 2024-2025 season; branded uniforms will be Fanatics' first for a major sports league, contract also includes retail jerseys
Business Insider (03/21)
First-Ever Guide to Online Marketplace Success Revealed in New Book by Mirakl Founders
Associated Press (03/21)
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General Retailing
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Dollar Stores / Deep Discounters
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OSHA: Dollar General Inspections in Florida, Georgia Find Employees Exposed to Blocked Emergency Exits, Other Dangers
Targeted News Service (Press Releases) (03/20)
Dollar General to invest US$100M in its stores, with a focus on boosting worker hours; investment to also support 'expectations regarding consistent store standards' following repeated citations by OSHA in recent months for unsafe working conditions
Grocery Dive (03/20)
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Consumers
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Consumer Economics
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Typical US homebuyer's down payment in January was US$42,375, down 10.0% year-over-year; share of homes paid for with all cash was 32.1%, up from 29.7% in January 2022: Redfin
Redfin Corp. (03/22)
UK Consumer Prices Index rose by 9.2% in the 12 months to February, up from 8.8% in January; largest upward contributions came from housing and household services, and food and non-alcoholic beverages: ONS
UK Office for National Statistics (ONS) (03/22)
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Consumer Behavior / Attitudes
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Twenty-six percent of Americans say they have raised chickens to produce eggs at home in order to save money, or are considering the option or researching how to do it, survey says
Supermarket News (03/22)
Ecolab survey finds 74% of consumers say businesses should make conserving water a high or essential priority, only 25% think companies are taking the right amount of action to conserve water; Ecolab uses findings to spotlight water and sanitation issues
Business Wire (03/21)
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Consumer Health & Wellness
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College students more likely to self-report high-risk mental and behavioral health concerns than parents perceive; top mental health concerns most commonly reported include anxiety at 55%, depression at 41%, eating disorders 11%, suicide 13%
UnitedHealth Group (UnitedHealthcare) (03/22)
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Population / Demographics
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US unemployment rate for all veterans declined to 2.8% in 2022; unemployment rates for both male and female veterans fell to 2.8%: Dept. of Labor
U.S. Dept. of Labor (DOL) (03/21)
Thirty-seven percent of US women consume cannabis, with 28% saying they use cannabis at least once a month; 91% say they purchase marijuana legally at a dispensary: survey
Marijuana Daily (03/20)
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Touch-Free
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K-C Professional unveils new ICON dispenser collection in the UK; new portfolio showcases three system solutions for hand towels, toilet tissue and skin care, including soap and sanitizer
Kimberly-Clark Corp. (03/22)
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Stock
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Latest: Mar, 22 2023
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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Albertsons Cos. Inc. (ACI)
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19.65
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19.34
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1.60%
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-44.94%
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Amazon Com (AMZN)
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98.70
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100.61
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-1.90%
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-40.14%
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Bed Bath & Beyond (BBBY)
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0.80
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0.82
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-2.44%
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-96.60%
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Costco Wholesale (COST)
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487.52
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490.85
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-0.68%
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-12.85%
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Cvs Caremark (CVS)
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74.41
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75.56
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-1.52%
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-30.61%
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Dollar General (DG)
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206.44
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210.09
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-1.74%
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-8.68%
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Dollar Tree (DLTR)
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138.63
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140.98
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-1.67%
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-11.53%
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Home Depot (HD)
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282.61
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289.43
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-2.36%
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-14.29%
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Kroger Company (KR)
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48.04
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47.76
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0.59%
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-15.08%
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Lowes Companies (LOW)
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191.57
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196.79
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-2.65%
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-16.15%
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Target (TGT)
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157.47
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162.71
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-3.22%
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-29.31%
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Tesco plc (TSCO) :LON
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256.80
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246.90
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4.01%
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-7.41%
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Wal Mart Stores (WMT)
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139.52
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140.42
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-0.64%
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-2.98%
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Walgreen (WBA)
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32.50
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33.54
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-3.10%
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-31.48%
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Retail & Omnichannel
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