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Retail & Omnichannel

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August 04, 2022

Industry Roundup

Apparel & Accessories

Maine-based sports retailer Olympia Sports is shuttering, will hold closing sales at all locations; as many as 35 stores will be shut down by the end of next month
Apparel Resources (08/03)

Fiber producer Kraig Biocraft Labs' SpydaSilk team attends SaigonTex in Ho Chi Minh City, Vietnam, to grow network of suppliers; company seeks to partner with industry leaders to produce yarns, fabrics using its recombinant spider silk technologies
Kraig Biocraft Laboratories Inc. (08/03)

Auto Parts & Accessories

Cummins reports Q2 GAAP net income up at US$702.0M from US$600.0M a year ago, with revenues up 8% year-over-year to US$6.6B; North American sales up 15% from a year ago, as slowdown in China, suspension of Russian operations drop international revenue 2%
Cummins Inc. (08/03)

Lear reports Q2 net income down at US$69.0M from US$175.0M a year ago, with sales up 7% year-over-year to US$5.1B; results impacted by supply chain disruptions, COVID-19 shutdowns in China, as North American vehicle production grew 12% from a year before
PR Newswire (08/03)

Books/E-Books

DOJ, Penguin Random House exchange opening salvos in federal antitrust trial as US seeks to block country's largest publisher from absorbing rival Simon & Schuster; DOJ has sued to block the US$2.2B merger, which would reduce competition in publishing
Associated Press (08/03)

Majority of Western readers who buy books, e-books or audio books prefer reading from 'real' books, Stora Enso survey finds, with 65% preferring physical books, 21% e-books, 14% audio books; survey covers UK, France, Germany, US
PrintWeek (08/03)

Consumer Electronics

Donghua University researchers develop carbon nanotube yarn via acetone wet compression; yarn shows 'outstanding' strength, 'admirable' Joule heating for multifunctional uses, including wearable electronics, smart textiles, therapy devices, fabric heaters
ACS Applied Nano Materials (07/28)

Groceries

Kroger launches 70,000-sq-ft spoke facility to offer grocery delivery in San Antonio, a market which it left in 1993 amid a labor dispute; facility has 90 mile delivery radius, works with hub facility in Dallas
San Antonio Express-News (TX) (08/03)

Kroger opens 50,000-sq-ft spoke location in Louisville, Kentucky, that will expand delivery service in the Greater Louisville area; facility will collaborate with Customer Fulfillment Center in Monroe, Ohio, to serve as a last-mile cross-dock location
PR Newswire (08/02)

Home/Residential Furniture

TerraCycle and Wisconsin-based protein, nutrition bar company GoMacro launch recycling program for MacroBar wrappers; used wrappers can be mailed for free, which TerraCycle collects, recycles for producing new items such as furniture, flooring tiles
Business Wire (08/02)

Furniture Insights: New orders in May down 41% year-over-year, bringing year-to-date decline to 25%, but year-to-date numbers are 2% higher than in 2019; shipments fare better, as May shipments rose 10% year-over-year, and year-to-date shipments rose 7%
Smith Leonard PLLC (07/29)

Private-Label Products

Commentary: Private-label dairy winning market share from branded products amid inflation crunch, with trend more pronounced in Europe; GlobalData says products like butter, milk, yogurt are harder to distinguish in taste across private label and branded
just-food (08/03)

Tesco cuts 50 grams from the weight of its entire range of own-label ready meals, but prices of the products are rising in some cases to mitigate rising input costs
Grocer (08/03)

Shoes & Footwear

Louis Vuitton and Nike partner to introduce 'eco-friendly' sneaker in France; priced at US$2,324, shoe incorporates recycled polyurethane, corn-based bioplastic, waste plastic for the shoelaces, and packaging is paper-based with vegetable ink
Biofuels Digest (08/01)

JD Sports sells its Footasylum outlet --which it bought for £90M in 2019-- to private equity company Aurelius for £37.5M after Competition and Markets Authority ordered its sale; CMA says JD's purchase of outlet restricted competition
Evening Standard (Online) (08/01)

Vitamins/ Supplements

Supplemental vitamin D3 does not significantly reduce fractures in healthy midlife-to-older adults: Brigham and Women's Hospital
The Breeze (James Madison University) (08/01)

Study of plant-based drinks for vegetarian, vegan toddlers suggests industry add vitamins A and B12, calcium, zinc, iodine as they are most significant differences from milk; fortification also combats the high amounts of antinutrient phytates, tannins
Food Research International (07/29)

Omnichannel

Commentary: With the decline of malls has come the rise of strip malls, where retailers like Macy's are investing in smaller stores; big driver is acceleration of buy online/pick up curbside, while consumers also want low-stakes, low-commitment shopping
Marketplace (08/02)

Among top 100 supermarkets in China, over 80 are in partnership with Dada Group's on-demand retail platform JDDJ, as well as JD.com's Shop Now; nearly 50 are connected to Dada's Haibo omni-channel operating system: China Chain Store and Franchise Assn.
PR Newswire (08/01)

Brick-and-Mortar Retail

Valvoline reports Q2 net income up 19% from a year ago to US$81.0M, with sales up at US$886.0M from US$701.0M a year ago; global products sales up 29% year-over-year, retail services sales up 23% from a year ago, as same-store sales grow 13%
Valvoline LLC (08/02)

Valvoline selling global products business, including Valvoline lubricants brand, to Aramco for US$2.7B in cash; Valvoline to focus on Valvoline-branded retail services business, growing preventive automotive maintenance services to EVs, OEMs, fleets
PR Newswire (08/02)

Payment Systems

Coty partners with Ant Group to deploy Ant Group's Alipay+ suite of global cross-border mobile payments and marketing solutions in travel retail; partnership will extend from China, wider area of APAC and Coty’s global travel retail market
Business Wire (08/02)

Frictionless Retail/Checkout

H-E-B pilots 'Fast Scan' check-out technology, which would allow customers to scan items by running their basket through a machine; H-E-B trialed a similar 'Fast Scan' model in 2013 and implemented smart phone-based checkout technology H-E-B Go in 2018
San Antonio Express-News (07/29)

Retailing

CVS's Q2 net income rises to US$2.96B from US$2.79B last year, as total revenues rise 11.0% to US$80.64B from US$72.62B, amid growth across all segments; extended cough, cold, flu season had positive impact, partially offset by fewer COVID-19 vaccinations
CVS Health Corp. (08/03)

Seattle City Council votes to end COVID-19 hazard pay of additional US$4/hour for grocery store workers at request of Mayor Bruce Harrell; mayor says policy is 'no long necessary,' though community members say workers face ongoing risks from COVID
Associated Press (08/03)

Amazon is reportedly scouting locations for new warehouse in Scarborough, Maine; company has discussed plans with town officials, offered property owners contracts to buy their land
Scarborough Leader (ME) (08/03)

Retail group

Walmart reportedly to cut around 200 corporate jobs in restructuring move, including on merchandising, global technology, real-estate teams, after it warned of falling profits last week; company says it is investing in other areas, creating some new roles
Forbes  (08/03)

Blue Apron to offer meal kits on The Knot's wedding gift registry platform; company looks to reach new customers amid the 'strongest wedding season in recent history,' saying couples want personalized gift experiences 'more than ever'
Business Wire (08/03)

Auchan's Spanish subsidiary Alcampo to acquire 235 supermarkets, warehouse from DIA Group to strengthen its presence in the country, with goal of becoming its physical and digital retail leader
ENP Newswire (08/02)

 Food Retail

Supermarket

Dove among latest consumer brands to shrink products, replacing 100g Beauty Bars with 90g bars in supermarkets at the same or higher prices; brand cites raw materials cost, bringing size in line with other markets, and says retail price is up to retailers
Grocer (08/03)

P&G observed shrinking sizes of household products in UK supermarkets in recent weeks, according to Grocer research, a trend among consumer goods firms as input costs soar; smaller packs seen for dishwasher and laundry-care brands Fairy, Daz, Bold, Lenor
Grocer (08/02)

Convenience Store

Sheetz plans Western Pennsylvania expansion, with a goal of opening as many as 30 new locations in the next three to five years; move comes one month after rival Wawa announced its own plans to add 40 stores in Central Pennsylvania in the same period
Pittsburgh Post-Gazette (07/29)

7-Eleven operator Philippine Seven Corp. looks to open up to 300 new stores in the Philippines as pandemic lockdowns ease; company says sales improve as mobility improves, allowing for expansion
Thai News Service (07/28)

Groceries

Amazon's Q2 brick-and-mortar store sales, including Whole Foods, rise 12.5% year-over-year to US$4.72B from just under US$4.2B; company continued to expand its grocery store footprint, opening 12 Amazon Fresh stores in US, UK
Supermarket News (08/01)

Kroger opens automated e-grocery warehouse in Michigan, which will also support customers in northern Ohio, Indiana; more CFCs planned for Cleveland; Phoenix; Aurora, Colorado; Frederick, Maryland; Charlotte, North Carolina; Pacific Northwest; Northeast
Supermarket News (07/28)

 Drug Retail

Drugstore Chain

Study finds 52% of customers who rely on their pharmacies for health and wellness services say they will not switch; of respondents who tried Amazon Pharmacy's Pill Pack service, 38% say they 'definitely will' switch pharmacies in next 12 months: JD Power
J.D. Power & Associates Inc. (08/02)

Good Neighbor Pharmacy wins top spot in JD Power's annual customer satisfaction survey in Chain Drug Store Pharmacies Category, also scoring highest in 'My Level of Trust with Pharmacy' factor; award represents sixth consecutive win, 11th win in 13 years
Business Wire (07/29)

In-Store Pharmacy

H-E-B earns top overall customer satisfaction score in annual JD Power US Pharmacy Study, as well as top score in supermarket category for second consecutive year; H-E-B followed by Sam’s Club, Wegmans, Costco, Publix in overall score
Supermarket News (07/28)

 Hypermarkets & Super Centers

Big Box Retailers

Aldi, Target, Amazon have fastest-growing private label brands, while Walmart has four of the top five brands overall; CPG manufacturers 'need visibility' into brand-level performance of private labels as share nears 50% in some categories: Numerator
GlobeNewswire (08/01)

Walmart to launch Walmart Restored program in fall that will make it easier to buy refurbished items online, in select stores; company says like-new refurbished products have become an increasingly popular way to cut costs without sacrificing quality
CE Noticias Financieras (Latin America) (07/29)

 Internet Retail

E-Commerce Trends & Statistics

Edge by Ascential: online third-party marketplaces will account for 59% of all global e-commerce by 2027, adding US$1.3T in sales; top four players Amazon, Alibaba, Pinduoduo, JD.com will be responsible for US$4.3T in global sales, up from US$2.5T today
PR Web (08/01)

Manila-based Q-commerce provider DART plans to grow its presence in the Philippines within the year, tap underserved online grocery market; Google study shows e-grocery penetration is only 2% in the country, compared to 25% in the non-grocery space
Business Mirror (08/01)

Online Media & Digital Apps

Euromonitor: Asia's foodservice can navigate inflation, pandemic recovery by creating pricing strategies based on brand image and local positioning, in-store concepts that adopt technology, reinvigorating customer experiences from ordering to fulfillment
Euromonitor International Ltd. (08/03)

Ulta Beauty launches Prisma Ventures, a digital innovation fund set to invest US$20M in technology startups; companies will be involved in data-driven personalization, AR/VR and metaverse, social commerce, tech-powered custom beauty and in-store services
Business Wire (08/03)

Online Selling/Shopping

FedEx renews fleet with primarily Boeing aircraft to reduce fuel costs, GHG emissions and improve efficiency; demand for essential deliveries, e-commerce led to delayed older aircraft retirements in 2021, which drove emissions up by 12% compared to 2020
CE NAFTA 2.0 Newswire (08/03)

Black-owned US kiosk company Popcom debuts PopShop Local, which uses facial recognition, blockchain technology to offer local products, boost discoverability of e-commerce brands; company says it wants kiosks to be the 'Redbox of the travel industry'
Electronic Urban Report (08/02)

 General Retailing

Dollar Stores/Deep Discounters

OSHA fines Dollar Tree US$1.2M for 'flagrantly ignoring' workplace safety after finding hazardous conditions at two Ohio Family Dollar stores; OSHA says it repeatedly finds violations such as obstructed exits, stacks of merchandise at company's stores
U.S. Dept. of Labor (DOL) (08/02)

 Consumers

Consumer Economics

Euromonitor: Drivers shaping consumer megatrends include shifting economic power amid rapid growth of developing markets, population change as senior consumers become influential cohort, and environmental shift as consumers make more sustainable choices
Euromonitor International Ltd. (08/02)

Double-digit beauty sales in H1 position beauty as potential recession-proof industry, but brands must stay flexible amid changing trends; drivers are indulgent consumer mindset, self-care focus, growing base of households making over US$100,000/year: NPD
Beauty Packaging (08/02)

Consumer Lifestyle

TPL applauds Dept. of the Interior’s allocation of US$192M to expand public parks in cities through Outdoor Recreation Legacy Partnership; TPL says it will increase equitable access to outdoors, help people lead healthier, happier, more prosperous lives
Trust for Public Land (08/01)

Consumer Behavior/Attitudes

L'Oreal CEO observes worldwide recovery for fragrance, led by new consumer interest in wellbeing, good moods and seduction from fragrances, a trend developed during COVID-19; Chinese consumers notably excited for fragrance, particularly in prestige market
CosmeticsDesign-Europe (08/03)

Recycling Partnership launches Center for Sustainable Behavior & Impact to drive residential recycling improvements with support from Walmart Foundation, Milliken; launch advisors include individuals at NYC Dept. of Sanitation, Shelton Group, Systemiq
Milliken & Co. (08/03)

Consumer Health & Wellness

US HHS warns that purchase of up to 171 million doses of bivalent COVID-19 booster doses from Pfizer, Moderna is not enough to treat entire US population; option to buy additional 600 million doses will need additional funding from Congress
FiercePharma (08/02)

Executive Perspective: PepsiCo highlights food security, healthier choices and packaging as major sustainability and business objectives in the Middle East and Asia, says Eugene Willemsen, CEO of PepsiCo for Africa, the Middle East and South Asia
Beverage Daily (08/01)

Population/Demographics

New Zealand's Smokefree Environments and Regulated Products Amendment Bill would reduce number of retail outlets able to sell tobacco, reduce nicotine levels in smoked tobacco products; law will also outlaw sale to anyone born on or after Jan. 1, 2009
Government of New Zealand (08/03)

Study finds fresh milk consumption in Sweden is affected mainly by price and income, rather than sociodemographics; plant-based milk had a substitutional relationship with low-fat, standard milk, while plant-based and reduced-fat milk were complementary
Economic Analysis and Policy (07/29)

 Stock

Latest: Aug, 03 2022

Latest Value Prev Chg YOY Chg
Watchlist
Albertsons Cos. Inc. (ACI) 26.79 26.92 -0.48% 14.54%
Amazon Com (AMZN) 139.52 134.16 4.00% -17.11%
Bed Bath & Beyond (BBBY) 6.07 5.79 4.84% -78.67%
Costco Wholesale (COST) 547.01 543.46 0.65% 25.73%
Cvs Caremark (CVS) 101.38 95.37 6.30% 20.69%
Dollar General (DG) 251.99 250.62 0.55% 7.21%
Dollar Tree (DLTR) 165.09 164.75 0.21% 65.27%
Home Depot (HD) 306.37 300.71 1.88% -7.70%
Kroger Company (KR) 46.97 46.78 0.41% 10.21%
Lowes Companies (LOW) 195.42 187.95 3.97% 0.76%
Target (TGT) 167.92 163.48 2.72% -35.96%
Tesco plc (TSCO) :LON 265.70 264.70 0.38% 13.74%
Wal Mart Stores (WMT) 130.50 132.68 -1.64% -9.26%
Walgreen (WBA) 39.19 39.05 0.36% -17.48%
SAMPLE REPORT