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Retail & Omnichannel

powered by Industry Intelligence, Inc.

July 20, 2023

Industry Roundup

Apparel & Accessories

Macy’s launches private women’s apparel, accessories brand 'On 34th'; chief merchandising officer says company wanted to reflect how women want to dress for modern life, private brand reimagination remains one of company's five growth vectors
Macy's Inc. (07/19)

Lenzing, Hyosung partner with Los Angeles-based circular knitting mill Laguna Fabrics to launch an eco-friendly fabric line, the Natural Selection Collection; range uses cellulosic Tencel Lyocell and Creora bio-based spandex
Hyosung Corp. (07/19)

Auto Parts & Accessories

Stellantis to repurpose Mulhouse foundry for aluminum components in compact electric cars by 2026, in partnership with Vulcan and using geothermal energy, aiming for carbon neutrality by 2038; move will create 500 permanent jobs at its Haut-Rhin site
Industry Intelligence Inc. (07/19)

Jeep unveils upgraded 2-inch lift kit for Wrangler and Gladiator models, featuring specially tuned Bilstein 46-millimeter monotube shocks with remote reservoirs from Mopar; the kit expands Jeep's Performance Parts range
PR Newswire (07/19)

Books & Bookselling

Christian publishers add sci-fi, fantasy books to their catalogs due to increased interest in young adult audience, including HarperCollins Focus, Tyndale, Enclave Publishing, which publishes science fiction, fantasy, speculative fiction exclusively
Publisher's Weekly (07/18)

Print book sales down 1.6% year-over-year compared to week ending July 9, 2022, with adult fiction inching up 0.1%, nonfiction sales slipping 1.6%, Circana BookScan finds; juvenile nonfiction sales drop 7.1%, while juvenile fiction sales fall 2.3%
Publisher's Weekly (07/18)

Consumer Electronics

Spain's competition commission fines Apple and Amazon a total of €194.15M for agreeing to prevent other companies from selling Apple products on Amazon's website; companies also agreed to restrict certain advertising of competing Apple products
CE Noticias Financieras (Latin America) (07/18)

Oregon governor signs update to electronics EPR program, expanding service areas, allowing collection of additional electronic devices, starting in 2026; new items to be accepted include scanners, DVD players, VCRs, music players, game consoles, routers
Waste Dive (07/18)

Groceries

Canada's Consumer Price Index in June increased 0.1% month-over-month, up 2.8% annually compared to 3.4% in May; largest contributors to monthly increase were mortgage interest costs and grocery prices: Statistics Canada
Statistics Canada (07/18)

Consumer group Which? urges UK government to support households, saying some food prices have jumped by as much as 175% since 2021; group's analysis of over 21,000 food and drink products finds supermarket prices rose 25.8% between June 2021 and June 2023
Reuters (07/17)

Home / Residential Furniture

UK retailer DFS Furniture expects profits to grow over the coming 12 months as it cuts costs amid a 'significantly worse than expected' market; company's year-to-June gross sales are down 4% from last year, but remain above pre-pandemic levels
Reuters (07/17)

Home Improvement / Hardware Stores

Lowe's expands same-day delivery service nationwide for Pro and DIY customers in partnership with omnichannel fulfillment solution OneRail
Lowe's Cos. Inc. (07/19)

Kingfisher appoints Sapna Dutta as general counsel; Sapna will join on Oct. 2 from Reckitt, where she is currently SVP and general counsel for company’s global health business and for group-wide material litigation and investigations
Kingfisher PLC (07/14)

Private-Label Products

H-E-B named Food & Wine’s best supermarket in the US; magazine notes H-E-B's wide range of private label products, curbside service and in-store tortillerias have gotten 'even better'
Supermarket News (07/18)

Polytag and recycling app Bower team up with online supermarket Ocado Retail to give UK consumers a financial reward for recycling Ocado Own-Brand plastic milk bottles; customers can scan a QR code, receive £0.20 for recycling bottles
PR Newswire Europe (07/14)

Shoes & Footwear

Freudenberg Performance Materials to showcase innovative uses for sustainable Evolon microfiber at Lineapelle in Milan on Sept. 19-21; uses for 80% rPET material include reinforcement or coating substrates for artificial leather in shoes, furnitures, cars
Freudenberg Performance Materials Holding SE & Co (07/18)

UK-based DTC fashion brand Arne to expand to US with launch of new website, plans to open brick-and-mortar stores in Los Angeles and New York; brand is focused on minimalism, offers clothing, footwear, accessories
Retail Dive (07/17)

Toys

Choice Pet Products announces partnership with Nala, an Instagram-famous cat toy brand, aiming to expand its portfolio of cat products and provide quality toys to independent pet retailers; brand also donates portion of their proceedings to local shelters
Pet Age (07/14)

Vitamins / Supplements

General Mills announces that its Cinnamon Toast Crunch and Cheerios cereals now contain 20% of the daily value of Vitamin D, with the majority of the company's cereals set to follow in the coming weeks
General Mills Inc. (07/19)

Omnichannel

Schnucks partners with Instacart to introduce Caper Carts, Instacart’s smart carts, in select Schnucks stores; carts automatically identify items as they are added using computer vision and AI, allowing customers to skip the checkout line
Instacart Inc. (07/19)

Maersk enhances warehousing capability in Asia Pacific with ground-breaking of World Gateway 2 distribution center in Singapore
A.P. Moeller-Maersk A/S (Maersk) (07/19)

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

Orbus introduces two new product lines, MODify Retail Merchandising System, Blaze SEG Light Box; MODify is collection of retail displays that incorporate silicone edge graphics, Blaze collection available in wall-mounted, freestanding, hanging
WhatTheyThink (07/19)

Brick-and-Mortar Retail

Walmart rolls out sensory-friendly hours, aimed at individuals who are sensitive to light, sound, moving images; between 8am and 10am on Saturdays, stores will replace moving pictures on screens with static images, turn off music, lower overhead lights
Supermarket News (07/19)

Sam’s Club rolls out design, targeting, usability features for omnichannel advertisers on its Member Access Platform; company says MAP is the 'first and possibly the only' retail media platform to connect search, sponsored product ads to offline sales
Sam's Club (07/18)

Payment Systems

GlobalData forecasts US card payments market to grow at strong 7.8% CAGR to reach US$13.9T in 2027, fueled by shift toward cashless transactions due to pandemic
GlobalData Plc (07/19)

Police have seized 'remarkably sophisticated' credit card skimmers installed at several Walmart stores in central New York, Maine; devices are designed to fit over the real payment terminal to capture customers' financial data during a transaction
Business Insider (07/17)

Frictionless Retail / Checkout

Walmart pulls Walmart+ sign up option at self-checkout after a series of incidents where shoppers inadvertently subscribed to the service, did not realize it until they received their receipts; company is offering full refunds with proof of purchase
Supermarket News (07/17)

Retailing

Albertsons is further investing in digital circular ads through partnerships with Meta and ad solutions company Kargo; pilot will replace traditional digital ads with campaigns on Facebook, Instagram in an effort to reach more shoppers on social media
Supermarket News (07/19)

Trader Joe’s files lawsuit against its employee union, Trader Joe’s United, for copyright infringement; company claims branding on union’s merchandise is too similar to its own logo
Supermarket News (07/19)

Walmart partners with Khan Academy to offer free financial literacy course for associates, customers, communities; virtual course offers articles, videos, exercises to build personal finance skills
Walmart Inc. (07/19)

Retail group

US retail sales rise 0.2% year-over-year in June, less than expected by economists, while core retail sales rise 0.6%, per Commerce Dept.; consumer spending likely kept economy afloat in Q2, purchasing power is gradually improving as inflation subsides
Reuters (07/19)

French supermarket chain Casino moves forward in talks with Czech billionaire Daniel Kretinsky to buy the company, which is near bankruptcy; French government has not voiced opposition to the bid, though is reportedly concerned about possible job cuts
EuroNews (07/19)

GlobalData: Generative AI is revolutionizing retail operations by creating personalized experiences, streamlined services; companies including Carrefour, IKEA, Amazon and Shopify are using genAI for inventory planning, improved customer support
GlobalData Plc (07/19)

 Food Retail

Supermarket

Site in Boca Raton, Florida, that was rumored to house a new Amazon Fresh location will now become a Whole Foods instead; news aligns with Amazon's announcement last September that it would temporarily halt Fresh expansions
South Florida Sun Sentinel (FL) (07/18)

Kroger announces members of its paid membership program Boost by Kroger Plus have saved over US$115M in its inaugural year; program is offering 1,000 bonus Fuel Points to new members through Aug. 8 to celebrate its anniversary
The Kroger Co. (07/17)

Convenience Store

Stock of 7-Eleven owner Seven & i Holdings down sharply after Q1 net profit fell 35%, missing analysts' expectations; results driven by a 52% year-over-year decline in company's overseas convenience store business
FinancialPress (07/14)

 Drug Retail

Drugstore Chain

Walgreens acquires 120 pharmacies from Texas-based Brookshire Grocery Co.; most of the pharmacies will operate under the Walgreens name inside Brookshire Grocery locations
Supermarket News (07/13)

 Hypermarkets & Super Centers

Club Store

Costco plans largest-ever store in Fresno, California; 241,000-sq-ft store would include 32 gas pumps, an automated car wash, space for loading, receiving and storage areas and a market delivery option
Supermarket News (07/18)

Mass Merchandise Retailers

Walmart to invest 540M pesos in its omnichannel strategy in Mexico; part of investment will fund a new interface for its e-commerce site, including added personalization, improvements in search algorithms, real-time visualization of inventory
CE Noticias Financieras (07/14)

Walmart seeks to patent three methods for predicting the churn, acquisition and conversion of a user; patents predict user interactions with an online membership program, feeding user data, such as transactions or engagement, to a machine learning model
The Motley Fool (07/14)

 Internet Retail

E-Commerce Trends & Statistics

McKinsey report finds 67% Mexicans cutting back on spending, seek cheaper options for basic food basket; e-commerce taking precedence over physical shopping mainly on price benefits/discounts, while pandemic shifts consumer habits toward healthier choices
CE Noticias Financieras (07/18)

Walmart analyst roundup: Jefferies highlights robotics, machine learning in next-gen fulfillment center, sees Walmart as likely leader in use of this tech in retail; Evercore expects tech investments to scale up its supply chain, drive e-commerce growth
Industry Intelligence Inc. (07/17)

Online Media & Digital Apps

Koehler Paper launches virtual 360° tour of Kehl paper mill to demonstrate paper production process digitally, using new PM 8 as an example; site employs about 555 people, produces thermal paper, decor paper, NexFlex flexible packaging paper on three PMs
WhatTheyThink (07/19)

Meta and Microsoft launch Llama 2, an advanced open-source AI system, free for commercial and research use; Llama 2 will compete with OpenAI's ChatGPT and Google's Bard
Industry Intelligence Inc. (07/19)

Online Selling / Shopping

DHL Express Latvia reports 24.8% increase in turnover to €28.9M for 2022, profit soared to €826,898, despite closing trade lines in Russia, Belarus and Ukraine due to global crisis; company plans to further develop e-commerce business
LETA Latvian News Agency (07/19)

Canon requests removal of toner cartridges from Amazon.com, including LEMERO UEXPECT brand cartridges sold by Color Office Tech, that it says infringe its patent
Canon Inc. (07/19)

 General Retailing

Dollar Stores / Deep Discounters

Dollar General violated worker rights and federal law amid union efforts at Connecticut store, NLRB rules; violations included wrongfully firing an employee and making an implied threat to close the location
Associated Press (07/18)

Dollar General has paid just US$4M of US$21M in fines it owes to OSHA for safety violations it has accrued since 2017; OSHA labeled company a 'severe violator' earlier this year for issues including fire hazards created by unpacked inventory in aisles
Business Insider (07/17)

 Consumers

Consumer Economics

UBS economists list 10 reasons why predicted US recession hasn't occurred by mid-2023, despite Wall Street forecasts; robust government spending, resilient job market, strong savings, stabilizing economic data trends, manageable debt levels among reasons
Business Insider (07/19)

UK Consumer Prices Index rose 0.2% month-over-month in June and 7.3% year-over-year, down from 7.9% in May; decline in annual increase led by falling prices for motor fuel: ONS
UK Office for National Statistics (ONS) (07/19)

Consumer Behavior / Attitudes

Two Sides Europe finds 67% of consumers think only recycled paper should be used to make new paper products, while 56% think paper, paper packaging production uses too much water; respondents say paper, pulp is one of least damaging industries to forests
Two Sides Ltd. (07/18)

UnlistedHomes.com introduces first universal AI-powered real estate search tool backed by OpenAI's ChatGPT; it allows users to find homes using natural language commands, and could transform how property searches are conducted online
PR Newswire (07/18)

Consumer Health & Wellness

J&J sues US Dept. of Health and Human Services and Centers for Medicare and Medicaid Services over the Inflation Reduction Act; J&J claims the Act threatens the pharmaceutical industry, patient access to medicine and may decrease healthcare quality
Johnson & Johnson Services Inc. (07/18)

TPL receives US$500,000 inaugural grant from Bezos Earth Fund for urban greening; Greening America’s Cities initiative is a new US$400M commitment to create more equitable access to urban greening in underserved US communities
Trust for Public Land (07/18)

Population / Demographics

US teens aged 16 to 19 gained 762,000 jobs in June, down 13.9% compared to the 885,000 jobs added in June 2022; teens have gained 812,000 positions for May and June, the lowest total for those months since 2015: Challenger, Gray & Christmas
Challenger, Gray & Christmas Inc. (07/19)

Median weekly earnings of the 121.5 million US full-time wage and salary workers were US$1,100 in Q2, up 5.7% from a year earlier; women had median weekly earnings of US$993, or 84.1% of the US$1,181 median for men: BLS
U.S. Dept. of Labor (DOL) (07/18)

 Stock

Latest: Jul, 19 2023

Latest Value Prev Chg YOY Chg
Watchlist
Albertsons Cos. Inc. (ACI) 22.00 21.95 0.23% -16.98%
Amazon Com (AMZN) 135.36 132.83 1.90% 14.51%
Costco Wholesale (COST) 554.11 553.59 0.09% 6.51%
Cvs Caremark (CVS) 74.38 72.31 2.86% -23.15%
Dollar General (DG) 166.25 164.49 1.07% -32.24%
Dollar Tree (DLTR) 150.84 148.88 1.32% -11.38%
Home Depot (HD) 319.48 316.76 0.86% 6.55%
Kroger Company (KR) 46.98 46.21 1.67% -0.68%
Lowes Companies (LOW) 230.89 229.91 0.43% 22.31%
Target (TGT) 132.70 130.81 1.44% -13.47%
Tesco plc (TSCO) :LON 251.20 248.90 0.92% -3.38%
Wal Mart Stores (WMT) 154.62 154.57 0.03% 19.34%
Walgreen (WBA) 29.93 29.58 1.18% -22.46%
SAMPLE REPORT