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An example of a few headlines sent to our customers on Nov, 10 2022
Retail & Omnichannel

powered by Industry Intelligence, Inc.

November 10, 2022

Industry Roundup

Apparel & Accessories

Loblaw's Joe Fresh releases absorbent underwear, a new addition to their intimates assortment; Joe Fresh also partners with LOVE YOU by Shoppers Drug Mart to increase accessibility to menstrual products, will donate 10,000 pairs of absorbent underwear
PR Newswire (11/08)

Nedap partners with SNIPES, a sneaker and streetwear retailer, to deploy iD Cloud in all of its German stores, half of its European stores before end of 2022; partnership supports implementation of omnichannel services such as buy online, ship from store
Nedap N.V. (11/08)

Auto Parts & Accessories

Amazon helps disrupt three major counterfeit networks in China via joint operations with law enforcement, leading to seizure of over 240,000 counterfeit items, including fake luxury products, sports apparel, automotive accessories
Amazon.com Inc. (11/09)

Commentary: Energy storage will benefit from Inflation Reduction Act, but shortages in materials to produce batteries like lithium, copper and graphite could slow their development for several years, making it hard to order batteries for delivery in 2023
Utility Dive (11/09)

Books & Bookselling

Asado Grill Recipe Book, Ayurveda recipe book Karma Food printed on Mondi's PERGRAPHICA, a premium design paper that supports multi-sensory reading experience; paper offers both smooth and rough variants for better print quality
Mondi Group (11/08)

Diamond Retailer Summit touches on industry upheaval during pandemic, historic sales growth due to demand for manga, kids' comics; many retailers feel momentum has slowed in recent months as inflation, supply chain issues impact comics sales
Publisher's Weekly (11/04)

Consumer Electronics

Nintendo’s recent financial report confirms Nintendo's plans to make its Switch boxes 18% smaller, more in line with OLED packaging, by end of 2022; smaller boxes will enable more space for distribution, reduce environmental footprint, reduce waste
Nintendo Life (11/09)

Sony to start phasing out plastic packaging for small electronic gadgets from 2023, with plans to eliminate it for newly designed smaller goods by 2025, spokesperson says; Sony will mainly use paper and a blend of bamboo, used paper, sugarcane fiber
AFP World News (11/08)

Groceries

Coresight: E-commerce automation could impact Kroger-Albertsons deal, as regulators consider market power of both grocers if they're allowed to combine; Kroger and Albertsons have invested in robotic fulfillment centers and micro-fulfillment, respectively
Grocery Dive (11/09)

Grocery Outlet expands national on-demand grocery delivery service with Uber Eats; service now includes 386 Grocery Outlet locations across seven states
PR Newswire (11/09)

Home Improvement/Hardware Stores

CIBC Chopping Block (Nov. 4): Lumber slips as bearish tone returns, with W. SPF prices down 2.1% week-over-week to US$460/mbf, and SYP 2x4 down 1.1% to US$460/mbf; Lowe's announces sale of its Canadian retail business to Sycamore Partners for US$400M
CIBC World Markets Inc. (11/08)

Home Depot workers in North Philadelphia vote 165 to 51 against forming union, per NLRB, rejecting national unionization trend; union organizer has accused managers of surveillance and interrogation tactics against supporters, which Home Depot denies
International Business Times (11/07)

Home/Residential Furniture

Overstock.com to launch pilot with UPS, allowing customers to have product returns picked up at their homes without reboxing the product; pilot aims to help both companies better understand customer preferences, evaluate end-to-end shopping experience
Supply Chain Dive (11/08)

Ascend announces acquisition of Sauk City, Wisconsin-based Fuchs Trucking under undisclosed terms to expand footprint in upper Midwest; Fuchs serves building materials and furniture sectors with dedicated capacity in specialized dry van configurations
Transport Topics (11/07)

Kitchenware/Cookware/Bakeware

Meyer Labs, the innovation incubator of Meyer Corp., announces its Meyer Accent 6-Piece Essential Set was named a winner in Good Housekeeping's 2022 Kitchen Gear and Coffee Awards in the multifunctional whizzes category
PR Newswire (11/08)

Hamilton Beach Brands reports Q3 revenue down 3.8% year-over-year on lower consumer sales overall partially offset by higher commercial sales; small kitchen appliances demand still significantly higher than pre-pandemic levels, modestly softer than 2021
PR Newswire (11/03)

Private-Label Products

Carrefour to boost e-commerce expansion, open more discount stores, cut costs as part of strategy to accelerate turnaround amid soaring inflation; company also plans to have private-label products make up 40% of food sales by 2026, up from 33% in 2022
Reuters (11/08)

Aldi struggling to make final 1% of its own-label packaging recyclable, reusable or compostable by end of 2022 due to lack of viable alternatives, says products that fall short ‘will not receive clearance to be sold in our stores’ by the deadline
Grocer (UK) (11/08)

Toys

Tech vs. Trees: Amazon and Walmart print catalogs offer Roblox virtual adventures, paper circuits could help single-use electronics become fully disposable, US midterm elections could face paper shortage
Industry Intelligence Inc. (11/04)

Vitamins/ Supplements

Report finds selective use of certain dietary supplements by at-risk people could save US billions of dollars in healthcare costs; CDC reports over 75% of cost of US healthcare is for treating chronic conditions: CRN Foundation
Nutraceuticals World (11/07)

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

Menasha Packaging expanding operations in Pelahatchie, Mississippi, with a US$79M investment; Menasha’s products include high-graphic displays, boxes and other shipping containers used primarily by consumer product companies
Mississippi Development Authority (11/08)

Brick-and-Mortar Retail

GlobalData: UK's December retail spend to fall 5.6% as higher food prices leave consumers short for nonessentials; both online and offline retail to suffer poorer total sales this holiday season, but e-commerce will fare far worse than physical retail
GlobalData Plc (11/09)

PetSmart Charities to host adoption events during its National Adoption Week on November 7-13 at PetSmart locations across US and Puerto Rico; donations to help pets in need can also be made on petsmartcharities.org
PR Newswire (11/03)

Payment Systems

Relay Payments becomes one of three finalists for the Women in Trucking Assn's Technology Innovation Award; contactless payment technology helps to minimize frustrating interactions for women, says company co-founder
PR Web (11/09)

FEMSA to increase its stake in NetPay--a payment aggregator that offers various payment services and solutions for micro, small and medium-sized enterprises in Mexico--to 100%
CE Noticias Financieras (11/08)

Frictionless Retail/Checkout

Tesco plans GetGo supermarket at Aston University in Birmingham, UK, which will monitor customers' movements to allow them to pay for items without checking out; 'hybrid' store also allows customers to pay at a self-service or attended checkout instead
Birmingham Mail (UK) (11/07)

European food retailer Kaufland adds Zebra Technologies' PS20 Personal Shopper Series Android scan and go solution, allowing customers to scan their own items while shopping; to pay, scanned purchase is transferred to a self-service checkout via QR code
Zebra Technologies Corp. (11/03)

Retailing

Washington DC district court denies request by state attorneys general to delay a planned US$4B special dividend payment by Albertsons related to its merger deal with Kroger; dividend remains suspended under temporary restraining order in Washington state
Supermarket News (11/09)

GameStop’s NFT marketplace clears US$5M in trading volume one week after launch; news comes despite broader NFT market down 60% in Q3 from last quarter
24/7 Wall St. (11/09)

EY, Shopify partner to support sale of regulated products; companies also aim to help enterprise merchants get to market faster at scale, increase revenue potential, improve cost efficiencies, reduce tax risk, provide customized experiences
Contify Telecom News (11/09)

Retail group

Marks & Spencer reports 24% drop in profit before tax in H1 to £205.5M, though revenue rises 8.5% to £5.5B; company says it is 'highly likely' that conditions will become more challenging in the next financial year
EquityBites (11/09)

Ahold Delhaize reports net income of €589M, with group net sales up 20.8% year-over-year to €22.41B, US net sales up 27.4% to €14.7B, US comp sales excluding gasoline up 8.2%; Food Lion achieves 40 consecutive quarters of positive sales growth
GlobeNewswire Europe (11/09)

Big Lots names Margarita Giannantonio as chief merchandising officer, who was previously SVP, general merchandise manager at TJX Canada; company also names John Alpaugh as chief marketing officer, who was formerly SVP, chief marketing officer at PetSmart
PR Newswire (11/09)

 Food Retail

Supermarket

P&G to trial Paboco paper bottles for its Lenor liquid fabric conditioner at Dutch supermarket chain Albert Heijn; bottle is composed of paper fibers from FSC-certified sources, includes an inner layer of recycled plastic
Packaging News (11/08)

Kroger officially enters its 36th state with launch of 50,000-sq-ft Ocado-automated 'spoke' facility in Oklahoma City; facility will support a 350,000-sq-ft, Ocado-driven customer fulfillment center in Dallas to extend reach of Kroger's delivery service
Supermarket News (11/08)

Convenience Store

Asda opens first standalone Asda Express convenience store in Sutton Coldfield, UK; a second Express store will open at Tottenham Hale next month, following by 30 sites next year
Asda Stores Ltd. (11/08)

ARKO's Q3 net income falls to US$25.0M from US$35.6M last year; total revenues rise to US$2.45B from US$2.04B, Merchandise revenue rises to US$445.8M from US$434.7M, Merchandise margin reaches all-time high, increasing 60 basis points to 31.2%
GlobeNewswire (11/08)

Groceries

Kantar reports British grocery inflation has hit record of 14.7% in October, says it is still too early to call the ceiling; grocery sales rose by 5.2% year-over-year on a value basis in the 12 weeks to Oct. 30, with inflation masking a drop in volumes
Reuters (11/08)

Coca-Cola India partners with grocery delivery service Zepto for the collection and recycling of PET bottles in Mumbai, India; consumers can access the 'Return PET Bottles' feature on the Zepto app
Business Wire India (11/08)

 Drug Retail

Drugstore Chain

Walgreens’s VillageMD unit acquires Summit Health-CityMD for US$9.0B; Village Medical cares for over 1.6 million patients in 22 markets through its stand-alone practices, Village Medical at Walgreens practices, at home and virtually
Associated Press (11/07)

CVS Health to Present at the 31st Annual Credit Suisse Healthcare Conference on Nov. 9
CVS Health Corp. (11/07)

 Hypermarkets & Super Centers

Club Store

Costco's October net sales up 7.7% year-over-year to US$17.73B from US$16.47B; US sales up 9.2%, Canada up 0.5%, Other International down 5.4%, e-commerce down 0.7%
GlobeNewswire (11/03)

Mass Merchandise Retailers

Walmart faces class action lawsuit in Florida for allegedly falsifying prices on sold-by-weight products; suit claims Walmart's software is programmed to falsify weights
Legal Newsline (11/04)

 Internet Retail

E-Commerce Trends & Statistics

WhatTheyThink looks at current landscape of sustainable e-commerce packaging, highlights Ranpak's paper-based cold chain solutions for fresh goods like meal kits, and Neenah Environment Mailer that's curbside recyclable and made of 50% post-consumer waste
WhatTheyThink (11/08)

NRF expects holiday retail sales over November-December to grow 6%-8% year-over-year to US$942.6B-US$960.4B, says consumers remain resilient despite feeling pressure of inflation; online/other nonstore sales expected to rise 10%-12% to US$262.8B-US$267.6B
National Retail Federation (NRF) (11/03)

Online Media & Digital Apps

Digital map maker TomTom receives new global contract from Stellantis to provide maps, navigation software, connected services such as real-time traffic information for new STLA SmartCockpit; new digital cockpit platform to arrive in 2024
Auto Business News (11/09)

GoodRX reports Q3 net loss increases to US$41.7M from US$18.1M a year ago impacted by US$29.0M stock-based compensation expense; revenue down 4% year-over-year to US$187.3M as firm sees double-digit growth in subscriptions, drug-maker solutions platforms
GoodRx Inc. (11/09)

Online Selling/Shopping

Amazon to pilot Amazon Shipping to deliver third-party e-commerce orders in India, including from D2C brands, logistics aggregators; shipping rates being offered are similar to what an Amazon merchant will be given for the marketplace orders, says client
Logistics Insider (11/09)

Global air cargo demand falls 10.6% year-over-year in September as travel bans lift post-pandemic, which makes it likely for people to spend less on e-commerce, recession warnings continue, offset by oil prices stabilizing; capacity rises 2.4%: IATA
Targeted News Service (Press Releases) (11/08)

 General Retailing

Department Store

Kohl's CEO Michelle Gass to exit role on Dec. 2 to join Levi Strauss as president, will then replace Levi CEO Chip Bergh within the next eighteen months; Gass will be replaced by director Tom Kingsbury in an interim capacity
Invezz (11/08)

Macy’s partners with Momentus Capital to launch funding program S.P.U.R. Pathways, which will eventually provide access to up to US$200M for diverse-owned, underrepresented businesses; Macy's will invest US$30M over the next five years into the program
Macy's Inc. (11/07)

Off-Price Stores/Outlets

Nordstrom Rack to open new location in Allen, Texas, in fall 2023
PR Newswire (11/09)

 Consumers

Consumer Economics

Euromonitor expects 2022 global disposable incomes, expenditure per household both to grow 2.6%; major global trends include rising consumer frugality, progress of emerging markets as spending hubs, growing importance of more affluent consumers aged 65+
Euromonitor International Ltd. (11/09)

Euromonitor: Indian consumers face rising cost of living and spending more cautiously; for brands, mix of low-, mid-, premium-tier products is essential, and offering services like quick delivery or bundling might justify extra costs, yield higher margins
Euromonitor International Ltd. (11/09)

Consumer Behavior/Attitudes

Reckitt shares research in UK, US, UAE, India on perceptions of health impact from climate change; majority agree climate change and health are linked, rank healthcare and climate change as priorities for government behind cost of living/economic recovery
Reckitt Benckiser Group PLC (RB) (11/09)

Seventy percent of Mexicans currently can't afford to buy basic food products, leading to reduced consumption, reduced quality of inputs, and less financing used to acquire food, according to president of National Assn. of Small Retailers
CE Noticias Financieras (11/09)

Consumer Health & Wellness

Euromonitor: Most influential megatrends set to shape the world through 2040 include wellness, sustainable living, experience more, premiumization, digital living, shopper reinvented, pursuit of value, personalization, convenience, diversity and inclusion
Euromonitor International Ltd. (11/08)

Euromonitor: Stress from pandemic has created new need state in fragrances, drawing new kind of audience; industry has repositioned fragrances from sensuality and social events toward self-pampering, and added functional claims related to mental wellness
Euromonitor International Ltd. (11/04)

Population/Demographics

Among US college students using pod-based e-cigarettes, 67% previously tried to quit, but 89.3% had neither used nicotine replacement therapy nor prescription medicine; use of e-cigarettes, Juul or menthol flavors tied to reduced nicotine autonomy: study
Health & Medicine Business Daily (11/09)

Beauty industry has vital role in empowering women worldwide aged 40+, must move away from ageist language to reflect this group's maturing confidence, says Avon's global marketing VP; brands must focus on positivity, improve formulas to better meet needs
CosmeticsDesign.com (11/07)

Touch-Free

Researchers propose smart packaging model that dynamically updates price of a perishable product depending on freshness, reducing food waste; innovation comes after pandemic drove a need for grocers to have no-touch solutions for agri-food products
Socio-Economic Planning Sciences (11/04)

 Stock

Latest: Nov, 09 2022

Latest Value Prev Chg YOY Chg
Watchlist
Albertsons Cos. Inc. (ACI) 20.33 20.59 -1.26% -39.78%
Amazon Com (AMZN) 86.14 89.98 -4.27% -51.83%
Bed Bath & Beyond (BBBY) 3.54 4.00 -11.50% -83.60%
Costco Wholesale (COST) 489.97 492.76 -0.57% -3.68%
Cvs Caremark (CVS) 99.56 101.65 -2.06% 7.33%
Dollar General (DG) 242.36 251.00 -3.44% 10.07%
Dollar Tree (DLTR) 154.88 161.09 -3.85% 39.34%
Home Depot (HD) 286.75 291.14 -1.51% -22.64%
Kroger Company (KR) 48.06 47.12 1.99% 14.62%
Lowes Companies (LOW) 186.63 188.36 -0.92% -20.21%
Target (TGT) 152.99 161.62 -5.34% -40.04%
Tesco plc (TSCO) :LON 230.30 227.70 1.14% -16.21%
Wal Mart Stores (WMT) 139.47 142.79 -2.33% -6.89%
Walgreen (WBA) 36.89 38.29 -3.66% -24.87%
SAMPLE REPORT