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 Industry Roundup |
Apparel & Accessories
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Clothing rental company Armoire opens boutique in Seattle with contactless checkout; company says RFID solution does not use cameras and tracks products, not customers, to facilitate 'immediate' returns as it caters to busy women
Seattle Times (03/15)
NPD: US retail sales of health/wellness products continue to match peak growth rates, even as pandemic fears recede; consumer focus on health encompasses mind, body and home, reflected in many industries showing growth such as food, apparel, books, beauty
The NPD Group Inc. (03/14)
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Auto Parts & Accessories
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Dodge Power Broker dealer network opens with about 100 participating dealer to serve performance-focused customers with new Direct Connection performance parts; new DCPerformance.com site offers more than 200 Direct Connection performance parts
Stellantis NV (03/16)
SEMA names RJ de Vera as VP of Marketing, where he will develop, implement modernized multi-channel marketing strategy to raise brand awareness, customer affinity; de Vera comes from Meguiar's Car Care where he managed digital marketing, public relations
Targeted News Service (03/16)
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Books/E-Books
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Pet CBD brand Paw CBD partners with Cider Mill Press Book Publishers to release The CBD Dog Biscuit Cookbook, which includes over 150 dog treat recipes with dosage information; cookbook available at Amazon and Barnes & Noble and Simon & Schuster
PR Web (03/15)
Book Manufacturers' Institute member survey finds average manufacturer of hard cover books is running at 85% of capacity with 84-day lead time, based on available labor, materials; soft cover book capacity is at 89%, with 70-day average lead time
Book Manufacturers Institute, Inc. (03/15)
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Consumer Electronics
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Google, Apple, Amazon, Dell, Microsoft select New York-based Retriever, a doorstep collection service, to manage electronics waste collection pilot program in Denver, Colorado; plan is to make electronics recycling easy while meeting high standards
Closed Loop Partners, LLC (03/14)
Paper, paperboard may become most preferred material type in global consumer electronics packaging market; paper-based segment is expected to hold value share of 62% by end of 2027, segment expected to create incremental opportunity of US$14.43B: report
Future Market Insights (03/11)
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Groceries
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Co-op extends robot-powered grocery delivery service to five stores in Northampton, UK, via partnership with Starship Technologies; move adds 20,000 households to the Northampton service area, which now totals over 80,000 homes
Contify Retail News (03/15)
Lidl UK found to have cheapest basket of items in Grocer 33 shopping survey, taking top spot from Asda after nine straight weeks; Lidl's £53.06 cart was 11.8% cheaper than Asda's £60.19 cart, offering the lowest price for 28 products
Grocer (03/15)
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Home Improvement/Hardware Stores
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TAL Holdings to acquire Orofino Builders Supply, a five-store chain in Idaho that includes hardware stores, lumberyards and design centers; Orofino will open as part of the TAL family on April 11, change its name to Best Built Builders Supply
TAL Holdings LLC (03/16)
Schaeffer's Daily Contrarian names Weyerhaeuser, UFP, West Fraser as best lumber stocks for home improvement, building boom; lumber prices continue rising amid ongoing supply chain issues for framing, increased lumber tariffs, flooding in British Columbia
Schaeffer's Daily Contrarian (03/11)
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Home/Residential Furniture
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Tech vs. Trees: US elections feeling impact of paper shortage, Amazon closes all brick-and-mortar bookstores, Thai government joins SCG Packaging in making furniture from recycled paper
Industry Intelligence Inc. (03/11)
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Private-Label Products
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Cosmetic Solutions, a provider of private-label skin care, custom formulation, contract manufacturing, acquires New Mexico-based Private Label Select, an organic cosmetics, personal care manufacturer that develops skin care, lip balms, sunscreens, more
Business Wire (03/15)
Zacks: Target is Bull of the Day on March 15, as Q4 earnings show upside surprise; Raymond James notes Target's investments into supply chain, private-label and omnichannel distribution position it well to continue to gain market share over coming years
Zack's Commentary (03/15)
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Toys
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Port worker, driver shortages as well as container, vessel bottlenecks are hitting Chinese ports as COVID-19 outbreaks surge in manufacturing export hubs near Hong Kong and Shanghai; phones, televisions and toys may take longer to get to US, say analysts
Reuters (03/16)
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Vitamins/ Supplements
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Reckitt recalls more than 3 million bottles of Airborne Gummies due to injury hazard; when opened for the first time, pressure build up in the bottle can cause the cap and underlying seal to pop off with force, posing an injury hazard
PR Newswire (03/16)
Personalized skin-care brand Veracity, which uses at-home saliva samples to test hormones, provide product recommendations, plans to expand beyond skin-care, launch DHEA-boosting product next year; expansion could include hair, body care, supplements
WWD (03/14)
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Omnichannel
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Flora Growth enters agreement with Israel-based DNO Group to distribute its Mind Naturals CBD skin-care brand in Hong Kong region, with second phase expanding to India, Israel; Flora, DNO to target growth opportunities using omnichannel approach
Business Wire (03/14)
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Store-In-Store
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Thirteen Lune to expand its shop-in-shop experience currently at 10 JCPenney stores, will add 300 doors in September, another 300 in Q1 2023; e-tailer launched in December 2020 to support BIPOC-owned beauty brands--starting with 13--now carries over 120
Los Angeles Business Journal (03/14)
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Brick-and-Mortar Retail
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Future Retail says takeover of stores by Reliance Industries came as a surprise, says it has not handed over any retail units to Reliance; Future says it will take all necessary action to seek value adjustments, reverse takeover of store leases
Mint (03/16)
US retail spending up 0.3% in February compared to 4.9% rise in January amid inflation, high gas prices; business activity up in February, driven by consumers feeling more comfortable shopping at physical stores as COVID-19 cases drop: Dept. of Commerce
Retail Customer Experience (03/16)
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Payment Systems
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Data shows US consumers spent US$1.7T online from March 2020 to February 2022, US$32B of which was driven by higher prices; 2021 online spend was US$885B, up 8.9% year-over-year, boosted by growth of Buy Now Pay Later, curbside pickup services: Adobe
Business Wire (03/15)
Midwest grocer Fareway to accept PayPal, Venmo as forms of payment at company’s 129 locations via payment solutions firm Blackhawk Network; move comes in response to rise in demand for mobile payments, digital options
Business Wire (03/11)
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Retailing
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Indian quick commerce startup Blinkit to implement surge pricing during peak demand hours; move seen as part of efforts to reduce burn rate, focus on profitability
Indian Technology News (03/16)
Blinkit, Zomato expected to seek approval for all-stock merger as Blinkit faces cash-crunch, sources say; Zomato to also offer US$150M loan to Blinkit in the near term to help company meet its 'capital requirements'
Indian Express (03/16)
Lidl set to open new store in Norfolk, UK, following attempt by rival Tesco to block the move; Tesco claimed Lidl's arrival would have 'adverse impact' on town center, company could still launch a second judicial review
Eastern Daily Press (03/16)
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Retail group
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Investment firm Mill Road Capital unveils 5.1% stake in Big Lots, urges company to sell; Mill Road says sale could offer shareholders US$55 to US$70 per share, which represents a premium of 72% to 119% over Big Lots’ closing price on March 14
SeeNews Deals (03/16)
Aldi to soon exceed 360 supermarkets in Spain with opening of four new stores by end of April; move is part of company's plan to open 50 new stores in Spain in 2022, hiring over 600 employees during H1 to support growth
CE Noticias Financieras (03/16)
National Bank maintains Loblaw at outperform and lifts target by C$8 to C$119, noting its 'ability to execute' with acquisition of Lifemark Health Group; Loblaw continues to develop as healthcare service provider, with network of health/wellness solutions
Canada StockWatch (03/16)
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Food Retail
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Supermarket
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DC-area grocery chain Giant Food offers free same-day pickup within four hours of purchase at all 159 Giant Pickup locations; Giant also offers those with SNAP benefits the option to pay with an EBT card when placing online orders for pickup, delivery
PR Newswire (03/15)
Whole Foods Market to open location in Boynton Beach, Florida; store joins five other Whole Foods locations in Palm Beach County
Palm Beach Post (03/14)
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Convenience Store
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Alimentation Couche-Tard's fiscal Q3 net earnings up to US$746.4M from US$607.5M last year; total revenues up to US$18.58B from US$13.16B as freshly prepared food, packaged beverages drove same-store sales up 3.7% in US, 7.2% in Europe and other regions
Alimentation Couche-Tard Inc. (03/16)
Wawa says it is 'actively looking into' sites for new stores in North Carolina, but cannot confirm locations or timeframe; company website currently lists 17 store openings by end of 2022 in Florida, Maryland, New Jersey, Pennsylvania, Virginia
Charlotte Observer (03/15)
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Groceries
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Kroger announces plan for three additional Ocado-automated 'spoke' e-commerce fulfillment facilities to help process online orders; located in Austin and San Antonio, Texas, and Birmingham, Alabama, sites will support bigger customer fulfillment centers
Supermarket News (03/10)
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Drug Retail
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Drugstore Chain
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Poll finds 70% of US adults back extension of national policies that allow pharmacists, pharmacy teams to provide pandemic-related services; an extension of the PREP Act, policies relate to COVID-19 and flu vaccinations, tests, therapeutics, more: NACDS
Targeted News Service (Press Releases) (03/15)
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In-Store Pharmacy
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Shoppers Drug Mart to buy physiotherapy, mental health services provider Lifemark Health Group for US$662.33M as company looks to bolster its healthcare business; company says massage, occupational therapy services will help it reach more customers
Reuters (03/14)
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Hypermarkets & Super Centers
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Club Store
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Walmart plans to hire over 50,000 US workers in fiscal Q1, filling roles at its stores, clubs, campuses and supply chain facilities, Wall Street Journal reports; company also to hire 'thousands' of workers for its new tech hubs in Toronto, Atlanta
Reuters (03/16)
Costco to end senior hours, COVID operating hours for healthcare workers and first responders on April 18 after holding them for over two years amid pandemic
USA Today Online (03/14)
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Mass Merchandise Retailers
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NielsenIQ: For clean beauty, consumers want sustainability, biodegradability, plastic-free, with next evolution being fair trade; trends driving online beauty sales include shift to wellness, self-care, self-expression, purchases that mix mass, prestige
WWD (03/14)
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Big Box Retailers
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Walmart to build new 1.8 million-sq-ft e-commerce facility in Shippensburg, Pennsylvania; facility to offer faster shipping for customers, create up to 600 jobs
Supermarket News (03/10)
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Internet Retail
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E-Commerce Trends & Statistics
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Amazon says it does not expect 'significant disruption' despite warnings by Chinese trade group that COVID-19 lockdown in Shenzhen could delay online orders for even top retailers, including Amazon and Walmart, Bloomberg reports
Business Insider (03/16)
Adobe Analytics expects US consumers to spend record US$1T online in 2022, representing 13% year-over-year increase thanks to pandemic-driven shift to online shopping; NRF forecasts 2022 non-store and online sales to grow 11%-13% to US$1.17T-US$1.19T
Reuters (03/15)
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Online Media & Digital Apps
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Star Micronics launches mC-Print2, mC-Print 3 wireless printers featuring dual-band connection capability for point-of-sale, online ordering; Star Micronics Cloud Services includes digital journal, cloud promotion print management, device monitoring
Star Micronics Co. Ltd. (03/16)
Kia partners with Currently for pilot program to offer on-demand concierge EV charging services in Los Angeles, San Francisco, San Jose, California; app-based program gives Kia EV owners three free charges for two months
Kia Motors Corp. (03/16)
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Online Selling/Shopping
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DHL Express signs crew and maintenance agreement with Singapore Airlines to deploy five Boeing 777 freighters to further expansion of its intercontinental air network, support e-commerce; freighters to be operated by SIA pilots from US via north Asia
Deutsche Post AG (DHL) (03/16)
Hybrid Software Group acquires iC3D from Creative Edge Software; iC3D software suite generates photorealistic 3D virtual mock-ups of cartons, labels, flexibles, bottles, shrink sleeves, POS displays for design verification, e-commerce applications
WhatTheyThink (03/15)
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General Retailing
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Department Store
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Canadian department store Hudson's Bay considers a bid for Kohl's, sources say; news comes after Kohl's turned down a US$64/share offer from Acacia Research, with Sycamore Partners also rumored to be considering a bid
Axios Media Inc. (03/16)
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Consumers
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Consumer Economics
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Fitch expects US nonalcoholic drinks spending in 2022 to grow 6.2% year-over-year to US$128.5B; over medium term, sales of carbonated soft drinks to grow slowly as consumers cut back on sugary drinks, and fruit juices also coming under scrutiny for sugar
Fitch Solutions Sector Intelligence (03/16)
Canada's Consumer Price Index rose 1.0% in February on a monthly basis, increasing 5.7% year-over-year, up from a 5.1% gain in January; price increases were broad-based with gasoline and grocery prices, shelter costs trending higher: Statistics Canada
Statistics Canada (03/16)
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Consumer Lifestyle
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Britvic’s Plenish unveils new brand identity, packaging for its plant-based milks, juices and shots; the evolved design showcases hero ingredients through striking on pack imagery, includes warm colors and a rich, indulgent, lifestyle-focused aesthetic
UKI Equity Markets (Web Disclosure) via PUBT (03/14)
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Consumer Behavior/Attitudes
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Research shows that glass packaging is a preferred option for Gen Z consumers in the UK; some Gen Z respondents also believe that several food and drink products--including beer, milk, soft drinks and jam--taste better in glass packaging than plastic
Packaging News (03/16)
US wipes market size valued at US$5.58B in 2021, set to reach US$8.03B by 2027, growing at CAGR of 6.25% during forecast period; demand driven by increased awareness about physical hygiene amid pandemic, innovations in formulations and dispensers: study
American Hygienics Corp. (03/16)
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Consumer Health & Wellness
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Audi partners with Spoke, Qualcomm, Commsignia to create solutions using C-V2X cellular vehicle-to-everything technology to reduce vehicle, bicycle accidents; Audi estimated 61 million vehicles, devices will be able to connect with C-V2X by 2028
Audi AG (03/16)
Americans taking more than twice the amount of melatonin they took a decade earlier, with growing subset having daily melatonin intake that exceeds 5mg for sleep; older adults with nightly use also have higher risk of dementia, early mortality: research
Philadelphia Tribune (03/16)
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Population/Demographics
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Black-owned craft brewer Moor’s Brewing features packaging that depicts the historical King Tariq Ibn Ziyad, a conqueror and deliverer of science innovation; the can art comes from a 16th century painting, with a post-modern hip hop flare
Packaging World (03/16)
Southeast Asia among fastest growing regions in the disposable absorbent hygiene products sector, also making it attractive for nonwovens producers; Unicharm report shows this region's aging population is set to spur demand for adult incontinence products
American Hygienics Corp. (03/16)
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Stock
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Latest: Mar, 16 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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Albertsons Cos. Inc. (ACI)
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35.30
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35.58
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-0.79%
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85.79%
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Amazon Com (AMZN)
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3,062.08
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2,947.33
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3.89%
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-0.96%
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Bed Bath & Beyond (BBBY)
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21.32
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20.38
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4.61%
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-31.47%
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Costco Wholesale (COST)
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543.39
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542.32
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0.20%
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66.05%
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Cvs Caremark (CVS)
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107.11
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106.98
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0.12%
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42.68%
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Dollar General (DG)
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212.49
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214.25
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-0.82%
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9.79%
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Dollar Tree (DLTR)
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152.08
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151.06
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0.68%
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39.47%
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Home Depot (HD)
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330.91
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328.54
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0.72%
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17.31%
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Kroger Company (KR)
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54.99
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56.19
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-2.14%
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53.52%
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Lowes Companies (LOW)
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231.33
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231.07
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0.11%
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31.94%
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Target (TGT)
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215.59
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215.35
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0.11%
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19.63%
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Tesco plc (TSCO) :LON
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278.50
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276.95
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0.56%
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25.28%
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Wal Mart Stores (WMT)
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145.35
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145.78
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-0.29%
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8.97%
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Walgreen (WBA)
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47.38
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48.17
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-1.64%
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-13.40%
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Retail & Omnichannel
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