Category Archives: Business/Economy

Amazon Prime: Nowhere to Grow? — New York Post

Amazon Prime isn’t attracting new members like it used to: “The report, from Morgan Stanley, showed that 40 percent of individuals questioned in a survey said they were Prime members — exactly the same percentage response as in a fourth quarter 2016 survey.” Supplier Takeaway: New Opportunities for Amazon Competitors If Prime memberships are hitting a wall, could this mean new opportunities for other retailers? Target is already talking about a same-day delivery service that could cost $99 per year....

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Sears and Amazon Sign DieHard Deal — ChicagoTribune.com

Sears and Amazon have inked a deal that allows Amazon to sell DieHard brand products: “The Hoffman Estates-based retailer will begin selling DieHard auto products through Amazon less than six months after it began selling its full line of Kenmore appliances through the e-commerce giant.” Supplier Takeaway:  A Stronger Sears/Amazon Alliance? What do you think this move will mean for the Sears – Amazon relationship? Resources for Walmart Suppliers Courses for Walmart Suppliers 8th & Walton Blog: How Important is Signage...

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Brands Look to Influencers for Promotion — RetailDive

Brands are increasingly looking to micro-influencers to promote their products and services: “This climate has given rise to a different sort of marketing strategy, via social media influencers. It’s a category that used to be called simply ‘tastemakers’ but now refers to a wide swath of popular online personalities who have the ability to sway their friends, fans and followers, subsequently influencing their purchase decisions.“ Supplier Takeaway: Who are Your Influencers? Are you working with bloggers and social media personalities...

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Analyst: Retailers Still Don’t “Get” Millennials — Bloomberg

One analyst takes retailers to task for their failure to understand the Millennial demographic: “What does this experience economy look like? On Long Island’s North Shore where I live, local towns have been changing. From Huntington to Glen Cove to Port Washington to Great Neck, it has been out with retail stores, and in with services businesses. Gone are the antique shops, toy stores and clothing boutiques. In their place on inventory-free services: hot yoga, dance instruction, tutors/test prep, massage,...

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Target Invests in Same-Day Delivery — RetailWire

Target has acquired Shipt, a same-day delivery company: “In the beginning, the retailer’s customers will be able to purchase groceries, electronics, home and other products with plans to expand into other products and categories over time. Target said it would offer same-day delivery on all major categories by the end of 2019. Customers who pay a $99 annual fee will receive free same-day shipping from Shipt in markets where the service is available.” Supplier Takeaway: Same-Day Delivery Competition Speeds Up...

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Will Walmart’s Stock Split? — The Motley Fool

  Walmart’s recent successes are creating speculation in the financial world: “Wal-Mart’s success has been profitable for its shareholders as well, with the stock having hit new record highs during 2017. When the share price briefly moved above the $100 per mark in November, some investors started to speculate about whether the company would do something it hasn’t done since before the turn of the millennium: split its stock. Wal-Mart now seems to have recovered from a long slump in...

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The Woes of Sourcing Premium Ingredients — FoodDive.com

The demand for clean labels and “artisan” products has created sourcing difficulties for some suppliers: “Large food companies also typically avoid relying on a small number of farmers because bad weather or pests can either wipe out an entire crop or drastically diminish its quality. La Brea Bakery told Bloomberg they have no contingency plan if their wheat farmer has a bad year.” Supplier Takeaway: When Is Enough, Enough? The ongoing quest for clean labels ought to have some limits. ....

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Is Green Monday U.S. Retail’s Best-Kept-Secret? — Business Insider

  Online retail has another “holiday” that you might not have heard of: “Green Monday has become the biggest online shopping day in December, and one of the biggest of the year. In 2016, online sales on Green Monday were their highest ever at $1.6 billion. That number now pales in comparison to the staggering $2.9 billion in online sales that were produced on Thanksgiving this year, but it’s significant nonetheless.” Resources for Walmart Suppliers Courses for Walmart Suppliers 8th...

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Lidl Halts Construction on Multiple Stores — RetailDive

  Lidl is halting construction on some of its planned East Coast stores: “Lidl has hit the brakes on several other store locations up and down the East Coast, according to reports. This includes sites in Staunton, Virginia; East Lampeter Township, Pennsylvania; and Austintown Township, Ohio. The chain has also scaled back its expansion plans in Georgia, according to a report in the Atlanta Business Chronicle in October. A real estate source in Virginia said a decreasing focus on small...

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Guiding Star Program Shows Promise — Supermarket News

The Guiding Star labeling program is showing promise as it guides consumers to healthier food options: “The effect of Guiding Stars on customer purchases varied based on food categories. The greatest benefits were seen among fresh foods such as fruits and vegetables, meat and fish and dairy, as well as grains and cereals.” Supplier Takeaway: Third-Party Certification Are you familiar with this program? If you are a food supplier, are you interested in participating? Resources for Walmart Suppliers Courses for...

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