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 Industry Roundup |
Apparel & Accessories
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Marks & Spencer to expand third-party childrenswear brands Smiggle, Hype, Clarks in stores; company will also introduce Jansport, Kickers brands to its e-commerce platform
Apparel Resources (07/06)
Simplifyber secures US$3.5M seed round to continue developing its fully molded garment and shoe uppers made from cellulose-based liquid; lab-made, biodegradable cellulose formula is 100% natural, derived from wood pulp, other plant-based material
PR Newswire (07/06)
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Auto Parts & Accessories
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Orbis Brakes launches Periodic Wave aftermarket disc brake line made from 100% recyclable iron that weigh 50% less on average than cast iron brakes; market includes high-performance, commercial vehicle, EV car owners
PR Newswire (07/06)
Standard Motor Products adds 119 new part numbers to Standard, Standard Import lines that cover 53 categories for 2021-2022 vehicles; products include 57 new sensors, switches, actuators, connectors, turbocharger kits for Ford SUVs, trucks
PR Newswire (07/01)
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Books/E-Books
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Wiley continues to invest in Oable by making open access workflow management solution available to 34 customers; Oable makes open access publishing simple for librarians, researchers, publishers, will roll solution out to 2,200 customers by year-end
John Wiley & Sons Inc. (07/06)
Histria Books enters into worldwide book distribution agreement with Chicago-based Independent Publishers Group; Histria is an independent publishing house with offices in Las Vegas, Palm Beach that publishes 50 titles per year across six imprints
PR.com (07/06)
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Groceries
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Sainsbury’s CEO says sales of premium products remain 'resilient' despite impact of cost of living crisis on discretionary spending; many new products released as part of company's premium Taste the Difference range are 'exceeding' sales expectations
News On Fast Moving Consumer Goods In India (07/06)
New Zealand Food & Grocery Council hails government's establishment of a Grocery Commissioner inside the Commerce Commission as a 'great move'; supermarkets can now 'expect their feet to be held to the fire' in terms of pricing, supplier negotiations
Scoop Media (New Zealand) (07/06)
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Home Improvement/Hardware Stores
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Tractor Supply Co. names Andre Hawaux as independent member of its Board of Directors and Audit Committee; Hawaux was most recently COO of Dick’s Sporting Goods, boasts 37-year career across consumer packaged goods and retail industries
Business Wire (07/05)
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Home/Residential Furniture
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IKEA Israel to hike prices 4% to 5% in August, despite 12% customs cut on imported furniture; customs cut includes items such as beds, chests of drawers, sofas, cupboards
Globes (07/06)
IKEA to launch its second small-format city store in India at Mumbai's R City Mall at Ghatkopar; 72,000-sq-ft location will be the first in-mall store for IKEA in India, will offer over 7,000 products
Indian Express (07/05)
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Kitchenware/Cookware/Bakeware
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US Foods' CHEF’STORE brand of restaurant-focused warehouse stores to expand with stores in California, Montana, North Carolina; formerly Smart Foodservice Warehouse, CHEF’STORE offers groceries, cookware, catering essentials, janitorial supplies, more
Business Wire (07/05)
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Private-Label Products
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RBC highlights paper products news for the week (July 1): Resolute to raise prices for newsprint, white paper, directory grades; Kruger to raise price of consumer branded and private-label tissue sold in Canada; Canfor Pulp releases sustainability report
RBC Capital Markets LLC (07/06)
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Vitamins/ Supplements
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Loud Muscle Science recalls certain lots of Launch Sequence Aphrodisia and Euphoria Capsules sold in US, Canada, because products contain Tadalafil erectile dysfunction drug; products were marketed on the internet, sold by Amazon
US Food and Drug Administration (07/06)
GlobalData expects India's OTC health-care market to grow at CAGR of 4% to US$2.9B in 2026, driven by increasing health awareness in aftermath of COVID-19, soaring health-care costs; OTC market mainly driven by traditional medicines, vitamins and minerals
GlobalData Plc (07/05)
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Omnichannel
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Sinch/McKinsey: Many brands aren't equipped to offer omnichannel in Mexico and therefore need to invest in rapid response to enhance conversational experience; 12% of Mexican consumers say quick response from brand regardless of channel is most important
CE Noticias Financieras (07/06)
Executive Perspective: CVS's chief customer officer says company's ability to enable deep personalization by connecting dots across touchpoints is 'critical'; consumers 'almost always' interact with the company in more than one way
Chain Drug Review (07/05)
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Point-of-Purchase (POP)/In-Store Display
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Kellogg’s loses a High Court challenge against UK government over incoming food regulations that will restrict where certain types of food are permitted to be displayed within supermarkets or on their websites
Irish Independent (07/05)
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Brick-and-Mortar Retail
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Lululemon to enter Spain, its first new market since 2019, with two new stores, local e-commerce site later this month; move is part of company's growth plan, which includes a quadrupling of its international revenue from 2021 levels by end of 2026
MarketLine (07/06)
Mexico's FEMSA seeks to buy Swiss retail and kiosk conglomerate Valora for about €1.09B euros; Valora has about 2,700 stores in busy locations such as train stations in Switzerland, Germany, Austria, Luxembourg, Netherlands
CE Noticias Financieras (07/05)
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Payment Systems
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Convoy expands partnership with MercuryGate to help brokers automate brokerage process, control costs and access capacity from Convoy for Brokers' over 400,000 trucks; move offers load matching, GPS tracking, document management and carrier payment
Business Wire (06/30)
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Retailing
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H-E-B plans 325,000-sq-ft frozen storage expansion at its distribution center in Temple, Texas, to support growth into new markets across the state; company plans to begin expansion at end of the year, expects to finish in 2024
Waco Tribune-Herald (TX) (07/06)
Walmart offers Inhome Grocery Delivery service as add-on to Walmart+ membership; company is also expanding InHome access to several new markets, including Miami, Tampa and Orlando, Florida; Dallas and Austin, Texas; San Jose and San Francisco, California
Supermarket News (07/06)
Hy-Vee to host quarterly Best of Local Brands Summit from September 7-9, which will consist of 20-minute virtual interviews with selected suppliers; company seeks suppliers with diverse backgrounds, including minority-owned, women-owned businesses
ENP Newswire (07/06)
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Retail group
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Cencosud completes acquisition of 67% stake in US-based premium specialty grocery chain The Fresh Market Holdings; acquisition marks Cencosud's first entry into the US market
CE Noticias Financieras (07/06)
Aldi to open ten supermarkets this summer in Spain's Canary Islands, Andalusia, Valencia; openings are part of plan to open around 50 new supermarkets throughout the country by 2022
CE Noticias Financieras (Latin America) (07/05)
Pueblo Supermarkets to acquire 11 Amigo Supermarkets from Walmart Puerto Rico; news comes as Walmart Puerto Rico plans to revamp its network of 25 stores and clubs through a US$57M investment that will include new technologies, equipment
Marketline - Deals (07/05)
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Food Retail
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Supermarket
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Mars Petcare pauses supply of brands such as Sheba, Whiskas, Pedigree and Cesar to Tesco until July 23 following price dispute; research by the Grocer shows price of many Mars Petcare SKUs has risen in recent weeks at retailers like Asda and Morrisons
Grocer (07/05)
Ocado ranks as UK supermarket with highest customer service, followed by Waitrose, Marks & Spencer; customer satisfaction is higher than last year across all supermarkets, sector continues to score higher than average: Institute of Customer Services
Grocer (07/05)
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Convenience Store
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Japan's Seven & i Holdings secures loan up to US$2.6M; funds will be used to to acquire Speedway brand for US$21M via subsidiary 7-Eleven Inc.
TendersInfo - Project Notices (07/05)
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Groceries
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Rapid grocery delivery service Supah launches operations in the Philippines, making it the first digital rapid grocery delivery service in the country; company offers deliveries within 15 minutes for no delivery fee
Manila Times (07/05)
Illinois suspends its 1% sales tax on groceries for a year, will also postpone gas tax increase until January and cut school supply taxes; governor says grocery tax savings for consumers will amount to US$400M
Associated Press (07/01)
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Drug Retail
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Drugstore Chain
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Walgreens Boots Alliance's fiscal Q3 net earnings attributable to company fall 73.8% to US$289M from US$1.20B last year; sales fall 4.2% to US$32.60B from US$34.03B, as US segment sales fall 7.1%, driven by decline in the AllianceRx Walgreens business
Walgreens Boots Alliance Inc. (06/30)
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Hypermarkets & Super Centers
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Club Store
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Producer A&M Farms recalls Vidalia onions sold under Little Bear brand due to potential listeria contamination; onions were sold at select Publix and Wegmans stores, were shipped to Sam’s Club stores in North Carolina but not sold to consumers
International Business Times (07/01)
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Big Box Retailers
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Walmart CEO says company's strategy to avoid losing market share to dollar stores in recessionary period is to continue to focus on a 'good, better and best selection' in grocery and consumables so consumers can pick and choose where they want to save
Talk Business (07/05)
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Internet Retail
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E-Commerce Trends & Statistics
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Pre-pandemic Harvard study finds a company's sales drop by 4.7% online, 1.8% in-store when a competitor launches a Buy Online Pickup In Store service; in-store sales decline was greater the closer a store was to a competitor's BOPIS location
GlobeNewswire (07/05)
GlobalData forecasts Chinese OTC health-care market to grow at CAGR of 3.3% to US$29.3B in 2026, driven by growing aging population, rapid urbanization and e-commerce boom; market will be primarily led by ‘indigestion preparations’ category
GlobalData Plc (06/30)
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Online Media & Digital Apps
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Egger will present its inside furniture planner and new decorative collection products at Holz-Handwerk trade fair in Nuremberg, July 12-15; company will showcase its latest decorative products, the PerfectSense Feelwood lacquered panels
ENP Newswire (07/06)
US Plastics Pact launches inaugural Innovation Awards featuring Walmart’s Circular Connector platform; companies can submit packaging solutions by Aug. 12 and winners will receive manufacturing trial discussions and mentoring sessions with Walmart, more
Walmart Inc. (07/05)
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Online Selling/Shopping
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EPA orders e-commerce platform Wish to stop selling unregistered disinfectants on its marketplace; products make problematic claims of effectiveness against viruses, bacteria and germs, are unregistered with EPA and are being sold in violation of FIFRA
U.S. Environmental Protection Agency (EPA) (07/06)
New baby-care brand BabyCozy launches its Bouncy Soft diapers on Amazon, offered in six sizes; brand says diaper's smooth top sheet features an embossed cocoon pattern that reduces skin contact by 45% for less friction and irritation on babies’ skin
GlobeNewswire (07/06)
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Consumers
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Consumer Economics
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CoreLogic US Home Price Index up by 20.2% year-over-year in May; annual gains are projected to slow to 5% by May 2023 due to rising mortgage rates and affordability challenges
CoreLogic Inc. (07/06)
Euro area household saving rate rose to 15.0% in Q1 from 14.1% in Q4; household investment rate increased to 10.2% from 9.8%: Eurostat
Eurostat (07/05)
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Consumer Behavior/Attitudes
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DS Smith research finds that 85 million m3 of air is being shipped to UK homes each year due to oversized boxes; when faced with a box with too much packaging, 43% of consumers say it has made them feel frustrated with the retail brand
UKI Equity Markets (Web Disclosure) via PUBT (07/06)
Top-ranked beauty products in Japan show consumers are picking items that ease them back into pre-pandemic habits and seeking older, reliable products; foundations, lipsticks and blush trending again alongside products that do not transfer stains on masks
CosmeticsDesign-Asia.com (07/06)
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Consumer Health & Wellness
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Intermountain Healthcare launches GYANT’s Async asynchronous e-Visit telehealth care platform to conduct AI-powered clinical assessments, route eligible patients for telehealth visits; 85% of doctors report telehealth improves timeliness of care
Business Wire (07/06)
Euromonitor: Chinese beauty seeing surge in sales growth, driven by demand for better skin health, products that enhance well-being, rise of Chinese beauty; C-beauty no longer seen as second or third choice substitute for established international brands
Euromonitor International Ltd. (07/05)
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Population/Demographics
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Desjardins expects Canada's home prices to drop 15%, but remain about 30% higher at end of 2023 than they were at end of 2019; affordability improvements will be limited by low housing supply, since Canada has the fastest demographic expansion in G7
ENP Newswire (07/01)
Nectar Bath Treats partners with eight-year-old YouTuber Nastya Radzinskaya to launch children's bath and body collection; 11-piece Bathe Like Nastya collection features soaps, bath bombs and lip care items to encourage healthy habits
PR Newswire (07/01)
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Stock
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Latest: Jul, 06 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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Albertsons Cos. Inc. (ACI)
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26.86
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26.86
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0.00%
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39.60%
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Amazon Com (AMZN)
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114.33
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113.50
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0.73%
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-37.79%
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Bed Bath & Beyond (BBBY)
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4.47
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4.64
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-3.66%
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-85.24%
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Costco Wholesale (COST)
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492.65
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488.26
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0.90%
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23.51%
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Cvs Caremark (CVS)
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93.19
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92.53
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0.71%
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14.79%
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Dollar General (DG)
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253.18
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250.05
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1.25%
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15.92%
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Dollar Tree (DLTR)
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165.79
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164.84
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0.58%
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67.30%
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Home Depot (HD)
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283.58
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283.73
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-0.05%
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-11.18%
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Kroger Company (KR)
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47.40
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47.23
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0.36%
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26.70%
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Lowes Companies (LOW)
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179.06
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179.88
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-0.46%
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-8.06%
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Target (TGT)
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144.81
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145.71
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-0.62%
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-41.00%
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Tesco plc (TSCO) :LON
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255.50
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257.50
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-0.78%
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10.37%
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Wal Mart Stores (WMT)
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125.13
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124.25
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0.71%
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-10.58%
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Walgreen (WBA)
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37.78
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38.51
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-1.90%
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-20.80%
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Retail & Omnichannel
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