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Big Lots swings to Q1 net loss of US$11.1M from net income of US$94.6M last year; net sales fall to US$1.37B from US$1.63B due to 'significant' slowdown in April that resulted in increased markdowns amid spending pressure from higher gas prices, inflation

Gap launches utilitarian-themed Yeezy Gap apparel collection by Balenciaga, which includes tees, hoodies, jogging pants, outerwear, caps; promotional campaign includes virtually rendered avatars wearing looks from the new collection

Gap swings to Q1 net loss of US$162M from net income of US$166M last year amid industry-wide headwinds, challenges at Old Navy; net sales down 13% to US$3.5B as comp sales fall 14%, online sales fall 17%, store sales fall 10%

DICK'S Sporting Goods' Q1 net income falls to US$260.6M from US$361.8M last year; net sales fall to US$2.7B from US$2.92B as comp store sales fall 8.4%

Costco's fiscal Q3 net income attributable to company rises to US$1.35B from US$1.22B last year; net sales rise 16.3% to US$51.61B from US$44.38B as company comp sales rise 14.9%, e-commerce sales rise 7.4%

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An example of a few headlines sent to our customers on Feb, 03 2022
Retail & Omnichannel

powered by Industry Intelligence, Inc.

February 03, 2022

Industry Roundup

Apparel & Accessories

Avery Dennison acquires Swiss technology developer TexTrace, which specializes in custom-made woven, knitted RFID products that can be sewn into or inserted into garments; purchase includes ownership of TexTrace's portfolio of intellectual property
Avery Dennison Corp. (02/01)

Auto Parts & Accessories

Thor Industries debuts eStream trailer with high-voltage electric chassis, self-propelled wheels, faster charging, active stabilization; Thor Vision Vehicle EV motorhome developed with Roush has 300-mile range from integrated fuel cell components
THOR Industries Inc. (02/01)

Thor Industries partners with TechNexus Venture Collaborative to identify entrepreneurs, startups to drive quality, functionality, sustainability, convenience initiatives; Thor partners with ZF Friedrichshafen to develop electric drive for towable RVs
Indianapolis Business Journal (02/01)

Books/E-Books

Amazon says it will create 1,500 new UK apprenticeships this year, including in areas of publishing, retailing, marketing, ESG; Amazon grew permanent UK workforce by 25,000 in 2021 to total of 70,000, which was 15,000 more than initially planned
Reuters (02/02)

Commentary: Publishers aren't helpless in addressing supply chain issues; integrated sales and operations planning with print/paper partners can help, whether it's through reserving print capacity, placing orders earlier or providing sufficient lead time
Publishers Weekly (02/02)

Groceries

UK retailers raise prices 1.5% year-over-year in January, the largest increase since 2012 and almost double December's 0.8% rise; food prices rise 2.7%, the most since October 2013, reflecting poor harvests, labor shortages, rising global food prices: BRC
Reuters (02/02)

Canada-based Ninja Delivery debuts 10-minute grocery delivery service in Toronto; company says it is sustainability-focused, with eco-friendly initiatives such as using electric bikes, recycled paper bags, proprietary technology to prevent inventory waste
Canada Newswire (02/02)

Home Improvement/Hardware Stores

Home Depot to hire over 100,000 associates ahead of busy spring season during company's Virtual Spring Career Day event on Feb. 16
Hispanic PR Wire (02/01)

Petco to bring pet products to Lowe's by early February with store-in-store pilot in Alamo Ranch, Texas; products such as food, beds and toys will be available at 14 additional Lowe's stores in Texas, North Carolina and South Carolina by end of March
USA Today Online (01/31)

Home/Residential Furniture

Furniture maker, retailer Loctek invests US$32.6M to build its own container ship to avoid shipping delays and high freight rates, accelerate overseas business development; ship can carry 1,800 20-foot containers, is expected by March 31, 2023
Business Insider (02/02)

Zacks: Trends shaping furniture industry's future include positive momentum in US housing market, product innovation, digital marketing and industry players pursuing acquisitions; however, supply chain disruptions and inflation represent risk to spending
Zacks Equity Research (02/01)

Private-Label Products

UK fragrance subscription service Hoohaa--launched in 2021--debuts its own fragrance, Cosmic Incense, available for pre-order before shipping in February; notes include raspberry leaf, sugarplum, pink pepper, resinoid, elemi, cistus, patchouli, sandalwood
Fragrantica (02/01)

Beacon unveils its refreshed TRI-BUILT private label brand at the International Roofing Expo; update includes new mascot, 'Built to Work' tagline, streamlined logo and visual appeal, making it easier for contractors to identify TRI-BUILT products
Business Wire (02/01)

Vitamins/ Supplements

Euromonitor: Ingestible products targeting men’s beauty remain underdeveloped, though some functional food players are tapping into the space, such as Meiji's collagen powder targeting men, or Hims' Biotin Builder Gummies supporting healthy hair
Euromonitor International Ltd. (02/01)

Animal health firm W.F. Young and wholesale distributor Pet Food Experts expand partnership to add brands for nationwide distribution; W.F. Young owns The Missing Link, Pet Kelp supplement lines and Silver Honey line of topical skin, wound care products
Pet Plus Magazine (01/31)

Omnichannel

Two Sides: Printed catalogs coming back in a big way after drop in 2020, as brands seek omnichannel strategies; Keypoint reports digital print volumes have rebounded to near pre-pandemic levels, and demand could soar past pre-pandemic production in 2023
Two Sides Ltd. (02/01)

California-based pet supplies platform Worldwise announces acquisition of Kitty Sift, a Minnesota-based cat litter company; Kitty Sift offers sustainable cat litter and accessories, serving e-commerce and omnichannel brick and mortar retailers
M&A Navigator (01/27)

Point-of-Purchase (POP)/In-Store Display

Pet CBD brand Treatibles introduces revolving pegboard counter display for retailers to use at POP or in aisle; displays are free with purchase of 36 units and can be filled with intro packs of Treatibles, which help support pet mood, digestion and joints
Pet Plus Magazine (01/31)

The BoxMaker begins production at its new, state-of-the-art production facility in Lowell, Arkansas; facility features digital print, finishing equipment for making custom corrugated boxes, retail displays
Printing Impressions (01/27)

Store-In-Store

Wetzel's Pretzel's announces opening of its first store inside a Macy's with new location in Macy’s South Coast Plaza in Costa Mesa, California
QSR Magazine (02/02)

Wetzels Pretzels locations to open inside Walmart stores in Henderson, Nevada, and Bakersfield, California; Wetzels says it is looking to expand its relationship with Walmart since existing partnerships have been performing 'well beyond expectations'
QSR Web (01/27)

Brick-and-Mortar Retail

Retailers with a physical presence dominate Searchmetrics' List of Top 10 eCommerce Winners in Google.com Organic Searches in 2021, with Apple coming in first, followed by Walmart; no pure-play eCommerce brand made top 10 list, including Amazon, Etsy
M2 PressWIRE (02/02)

Natural hair-care brand Bomba Curls launches in 348 Target stores nationwide, with three products--Forbidden Oil, Forbidden Mask, Bomba Beauty Bites; vegan, cruelty-free, woman-owned brand uses Dominican-inspired formulations to promote healthy curls
PR Web (02/02)

Payment Systems

Cloud-based supply chain management platform E2open to integrate logistics payment solution PayCargo to simplify freight payment process for carriers and shippers; move to lower congestion, pollution by reducing idle time for containers and trucks
Business Wire (02/01)

Square partners with SaaS provider Ally to offer restaurant, retail, e-commerce businesses a suite of tools designed to maximize profits, reduce costs, streamline deliveries; integration also allows Ally customers to use Square's payment processing tools
Entertainment Close - Up (01/31)

Frictionless Retail

Madrid-based Ghop, an AI-based, cashierless supermarket model that aims to compete with Amazon Go in Spain, plans to open its first physical stores in 2022
CE Noticias Financieras (02/01)

Retailing

Retail Industry Leaders Assn. announces Foot Locker CEO Richard Johnson elected to two-year term as board chair, effective immediately; company also adds six new board members, including executives from Petco, Ulta Beauty, Walgreens, 3M, BlueYonder, Intel
Targeted News Service (02/02)

Rite Aid offers free N95 non-surgical masks at most locations this week through federal program, limit three per customer; company has also increased supply of at-home COVID-19 test kits available in stores
BUSINESS WIRE (02/02)

Tesco says 1,600 jobs are at risk of redundancy due to operational changes at stores, including removal of night shifts to restock shelves at 36 large stores and 49 convenience stores; Tesco will also convert some gas stations to pay-at-pump only at night
Reuters (02/02)

Retail group

Alphabet says retail was the largest contributor to its Q4 ad revenue of US$61.2B, reflecting growth of 32.5% year-over-year; company made US$8.6B over the holiday period alone, driven by new advertising products from Youtube such as live shopping streams
Ad Age (02/02)

Natural Grocers releases its 2021 Environmental, Social, and Governance report, highlights include: participation in Better Chicken Commitment; partnership with How2Recycle program; commitment to plant-based, biodegradable, recyclable packaging
PR Newswire (02/01)

Dollar General's first Popshelf store in Texas to open this spring; Popshelf offers products such as home decor, health and beauty products, home cleaning supplies, paper products at US$5 or less, putting it in competition with Five Below
Austin American-Statesman (02/01)

 Food Retail

Supermarket

Grocery store Homeland plans new full-service location in northern Oklahoma City, opening fall 2023; organizers say store will feature fresh meat, produce, deli and fresh meal options, as well as serving as a gathering place for the community
Global Data Point (01/31)

H-E-B plans several projects in San Antonio area this year, including: US$40M expansion and renovation of older store north of downtown; new Northside store; new Fair Oaks Ranch store; Lincoln Heights expansion; H-E-B plus! expansion at Bandera Road
San Antonio Express-News (01/31)

Convenience Store

ArcLight Capital completes acquisition of Pride Stores, a family-owned and -operated convenience store chain; purchase includes 31 operating stores, four truck stops, 15 Subway franchises, 15 Chester’s Chickens, seven liquor stores, eight vacant parcels
Marketline - Deals (01/31)

Celsius launches new Celsius energy drink flavor, Sparkling Mango Passionfruit, available exclusively at participating 7-Eleven and Speedway stores
PR Newswire (01/28)

Groceries

SpartanNash launches free grocery delivery for limited time on all online Fast Lane orders exceeding US$35, beginning Feb. 1; Fast Lane allows customers to order from any grocery department for the same prices available in-store
Business Wire (01/31)

Horizon Goodwill Industries receives US$50,000 grant from Truist Foundation to establish full-service grocery store in Hagerstown, Maryland, which is considered to be a 'food desert' by USDA; venture will offer fresh food, household staples
Accesswire (01/28)

 Hypermarkets & Super Centers

Club Store

Sam’s Club launches national rollout of Inventory Scan robots from Brain Corp. and Tennant Co.; move marks first commercial application of Brain Corp.'s AI scanning technology, which captures inventory data as scrubbers move autonomously around the club
Business Wire (01/27)

Super Center

Indie, clean skin-care brand Versed launches at Walmart, available now on Walmart.com, in over 3,000 stores Feb. 26; available products will include 11 of Versed's cleansers, serums, moisturizers, treatments for under US$25
PR Newswire (02/01)

Custom skin-care brand Pure Culture Beauty enters retail partnership with Target in over 1,700 stores, online; consumers can buy At-Home Skin Test in store, on Target.com to test skin microbiome, condition, shop brand's custom serum, moisturizer, cleanser
Globe Newswire (01/31)

 Internet Retail

E-Commerce Trends & Statistics

Fisher International: Corrugators can respond to surge in e-commerce while addressing sustainability goals; solutions include creating optimized packaging to save space/materials, using tools to track carbon emissions, using data to optimize supply chains
Fisher International Inc. (02/01)

Amazon reports Vietnamese small, medium enterprises sold nearly 7.2 million products globally from Sept. 2020 to Aug. 2021, amounting to 14 products every minute; Vietnamese SMEs earning at least US$1M revenue on Amazon also rose over 40% year-over-year
Global Data Point (01/28)

Online Media & Digital Apps

Active and Intelligent Packaging Industry Assn., Packaging Europe enter into a strategic partnership; Packaging Europe to organize and run the annual AIPIA Congress and work with AIPIA’s pool of experts to bring news, commentary to a larger audience
Packaging Europe (02/02)

Deckorators updates its Deckorators Deck Designer, a web-based design tool for planning and visualizing a new deck; program allows users to choose from Deckorators' complete lineup of composite decking and railings, hire professionals
HBSDealer (02/02)

Online Selling/Shopping

CMA CGM signs agreement to acquire 51% stake in France-based local express delivery firm Colis Prive; firm has a portfolio of over 200 e-commerce companies and a presence in Belgium, Luxembourg and Morocco, with an upcoming launch in the Netherlands
SeeNews Deals (02/02)

Cars.com reports 2022 trends include 41% of buyers to preorder vehicles, 60% to buy vehicles despite inventory shortage/price increases, 38% expect online buying process; about 66% of Americans consider EVs after Biden’s plans to support infrastructure
PR Newswire (02/02)

 General Retailing

Department Store

Seven & i Holdings rumored to be considering sale of its department store unit Sogo & Seibu; unit currently runs 10 outlets, mainly in Tokyo and nearby areas, that have been combating online competition, shoppers staying home amid pandemic
Gov Japan Live (02/01)

Dollar Stores/Deep Discounters

Dollar Tree opens store at former Pier 1 Imports space in Bethlehem, Pennsylvania; new location joins the about two dozen stores that Dollar Tree operates in the Lehigh Valley area
Morning Call (01/27)

 Consumers

Consumer Economics

CoreLogic US Home Price Index up 15% year-over-year in December, fueled by persistently low supply of for-sale homes; new home building, a rise in mortgage rates in motion to help relieve some of the pressure and temper the rapid home price acceleration
CoreLogic Inc. (02/02)

Euro area annual inflation estimated at 5.1% in January, up from 5.0% in December; energy is expected to have the highest annual rate in January at 28.6%: Eurostat
Eurostat (02/02)

Consumer Lifestyle

Increasing fiber content in food benefits gut microbiome, lowers cardiovascular risk, type 2 diabetes for 72% of UK adults; only 9% of population meeting recommended daily fiber target and 6% lose weight through higher fiber consumption: Tate & Lyle
Tate & Lyle PLC (02/02)

Euromonitor: Acceptance and self-care at forefront of consumer lifestyles; as consumers want to invest in caring for their bodies and mind, they're splurging on cannabis-infused products, salon-quality beauty items, low-/non-alcoholic drinks, luxury bags
Euromonitor International Ltd. (01/27)

Consumer Behavior/Attitudes

Nearly 59% of US households are likely to order food for delivery on Super Bowl Sunday, with pizza topping the list of food most likely to be ordered followed by chicken wings, survey says
Globe Newswire (02/02)

Garnier's second annual 'One Green Step' report surveyed 2,115 participants from India, finds 91% of respondents from India want to be more sustainable in 2022, but not many know how; 93% worry about climate change and its impact on planet's future
Adgully (02/02)

Consumer Health & Wellness

Morningstar: Church & Dwight has clearly benefited from consumers’ penchant for cleaning, disinfecting and health/wellness fare, as Q4 organic sales rose 4.3%; company likely to seek opportunities to raise prices, though volumes expected to remain tepid
Morningstar (02/02)

Bayer names Dr. Ricardo Salazar Hernández as new chief medical officer of the Consumer Health division starting May 1, 2022; Dr. Salazar will lead global medical affairs function with responsibilities over medical insights, claims and evidence strategies
Bayer AG (02/02)

Population/Demographics

During coronavirus pandemic in the US, about half of consumers postponed or canceled health services, while 64% of Black, Indigenous or people of color delayed or canceled services; 84% of physicians report more diagnosed mental health conditions: survey
Teva Pharmaceutical Industries Ltd. (02/01)

Touch-Free

Panera announces launch of contactless dine-in nationwide, in which customers can order on their devices when they arrive, know when their order is ready and pick it up, all without interacting with another human being
Business Wire (02/02)

Panera launches contactless dine-in service that allows customers to order via app, receive notification when food is ready without need for pagers or waiting at the counter; company says move will reduce lines, free up employees to provide other services
Nation's Restaurant News (02/01)

 Stock

Latest: Feb, 02 2022

Latest Value Prev Chg YOY Chg
Watchlist
Albertsons Cos. Inc. (ACI) 28.43 28.16 0.96% 72.51%
Amazon Com (AMZN) 3,012.25 3,023.87 -0.38% -10.88%
Bed Bath & Beyond (BBBY) 17.04 17.08 -0.23% -32.86%
Costco Wholesale (COST) 522.02 508.41 2.68% 46.81%
Cvs Caremark (CVS) 108.90 106.27 2.47% 51.61%
Dollar General (DG) 206.69 209.12 -1.16% 5.80%
Dollar Tree (DLTR) 133.73 134.24 -0.38% 28.56%
Home Depot (HD) 373.73 368.70 1.36% 37.32%
Kroger Company (KR) 44.10 44.13 -0.07% 33.23%
Lowes Companies (LOW) 239.11 238.35 0.32% 43.47%
Target (TGT) 217.61 219.23 -0.74% 17.25%
Tesco plc (TSCO) :LON 300.00 297.00 1.01% 23.25%
Wal Mart Stores (WMT) 140.85 140.91 -0.04% 0.06%
Walgreen (WBA) 50.41 49.75 1.33% 4.07%
SAMPLE REPORT