Kroger’s stock took a plunge amid results that missed Wall Street expectations for revenues and earnings as well as a more pessimistic forecast on fiscal 2019 earnings. This comes on the heels of speculation that Amazon will be opening up non-Whole Foods branded grocery stores,…
Online retail behemoth Amazon is at it yet again. Announced today, Amazon is said to be pursuing their own stand-along grocery stores with aggressive growth plans over the next coming years. The first location is slated to open in Los Angeles potentially before the end…
Disruption is here and taking over the retail industry. Retailers who are winning deliver on one of three extremes: extreme value, extreme convenience or extreme experience. Value-driven retailers are taking ‘cheapest’ to the next level. Convenience focused retailers are removing friction from the buying process….
Retail is changing at a rapid rate, and to no surprise, much of that change is being driven by new technologies and digital innovations that put consumers in the drivers seat and bring the idea of omnichannel to new heights. Omniexperience is the first trend…
Hema, the next generation retail experience and brainchild of Alibaba, is a supermarket hybrid that operates on cutting-edge innovations. Serving as both a retail store and fulfillment center for online shopping, Hema brings convenience to new heights by offering in-store picking for online purchases, with…
Amazon Go is now up to six stores in three cities: their home market in Seattle, two in Chicago and the latest to open in downtown San Francisco. Two more are planned for Chicago, as well as another in San Francisco. As a nomadic business…
Walmart continues its transformation into a true omnichannel retailer with the purchase of ELOQUII, a well-positioned digitally native brand competing in the $21 billion and growing plus-sized market. The brand will join other recent Walmart acquisitions like Moosejaw, Bonobos and ModCloth which serve their customers…
A new standard for customer service has arrived in Chicago. Amazon opened their fourth Amazon Go store in the Chicago Loop business district, exporting the “Just walk out” model beyond Seattle for the first time. Like the other Amazon Go stores, the layout is compact…
Target delivered a stellar same store sales increase of 4.9%, driven by an increase of store traffic of 6.4%. The last time Target had a quarter that good was in 2005, when the threat of e-commerce and a crippling recession factored into no one’s plans….
Elvis Costello’s lyrics “Don’t bury me ‘cause I’m not dead yet” seem to be a fitting way to characterize a busy week of retail earnings on Wall Street. While there were disappointments (watch out, JCPenney), the strong showings of stalwart brick-and-mortar retailers like Home Depot…
