Recently, the Specialty Food Association (SFA) released its annual State of the Specialty Food Industry Report, which highlighted that small or specialty food brands are driving the most growth and innovation. According to the report, total sales in specialty foods grew by 10.3% versus 3.1%…
In good company, Nike and creative genius Virgil Abloh recently opened the Re-Creation pop-up in Chicago as a destination for sustainability, workshops, give back programs, product exclusives and local influencers. The store goes well beyond traditional retail and shows the true meaning of redefining the…
Walmart stores have 300 million unique visitors a month – more than the big online players. They’ve decided to leverage those visits and the data they provide on spend and in-store/online behavior to create a compelling and profitable ad channel for their own business, as…
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…
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…
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…
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,…
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…
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…
