Yes. And no. According to a 2019 Coresight Research study, some 36.8% of U.S. consumers bought groceries online in the past year, up significantly from just 23.1% a year prior. Not surprisingly, it’s older millennials (30-44) who are leading the charge, with 45% having purchased groceries online.
In today's retail environment, consumers are more informed, and prioritizing sustainability and social responsibility efforts more than ever, forcing brands and retailers to deliver and add value. Running a retail business responsibly and with transparency is becoming increasingly more important in today's world. Activism centers around
Kohl’s loyal customer base is aging, and in most cases, so are their stores. They are in the process of revamping their strategy to chase Millennials to diversify their shopping base and bring in new customers. Winning younger customers is a key priority for Kohl’s as
Under Armour announced good news yesterday. Revenue grew, gross margin grew, and inventory levels were down. That’s normally a trifecta of responsible health. But underneath the covers Under Armour still has significant work to do. About the good; revenue was up slightly, driven by international strength and the wholesale business. Simultaneously, inventory
Finish Line has its struggles. A mall-based retailer - in a crowded space and previously focused on “just shoes” - Finish Line lost share for five years to the lifestyle merchandised Foot Locker and its own supplier’s direct-to-consumer efforts. A strategy to place 300+ shop-in-shops in
Partnerships could address the very real need to a) reduce the cost of returns and delivery for the retailers, b) drive traffic to locations receiving the returns and c) make life easier for the consumer. PayPal announced an undisclosed investment in Happy Returns, a service that
2018 was another banner year for private label. In a report issued by the PLMA utilizing Nielsen data, store brand sales across all outlets grew to $128.6 billion, up 4.4% from a year prior. Total market share from a dollar perspective grew to 18.5% in
Simon Premium Outlet VIP members received an invitation to ShopPremiumOutlets.com via email today. Members now have access to a marketplace of the retailers in Simon’s outlets, can browse products on the Simon platform and can purchase either directly from Simon’s site or be re-directed to the retailer.
STORY - a concept described as “narrative retail” - opened in 36 physical Macy's locations last week. Curiously, there was no digital opening. Narrative retail presents a theme-based, curated assortment that is reinvigorated with a new story every two months. It is meant to generate traffic,
Whole Foods is one of the more remarkable success stories in the retail food industry. A little over 40 years ago, John Mackey opened Safer Way Foods in Austin, Texas and began a storied run that reshaped the American supermarket industry. By 1999, Whole Foods
