By Benjamin Bond Source: Supermarket News Retailers today are facing heightened pressures from rising costs, labor shortages, climate-related stressors on the supply chain, and increased competition from major players in the e-commerce sector like Walmart and Amazon. As brick-and-mortar leaders face these market headwinds, they’re leaning on data-driven tools to [...]
By Melissa Repko and Gabrielle Fonrouge Source: CNBC Retail has seen unprecedented upheaval over the last several years. Some of the industry’s key decision-makers expect even more evolution ahead. Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave way to excess inventory levels and shifting consumer demands [...]
By Ashley Zavala Source: KCRA A lack of data, a lot of finger-pointing, and an under-resourced criminal justice system stayed top of mind for California lawmakers at a special hearing on the state's retail theft problem on Tuesday. "Does perception match reality, and does that distinction matter?" Assemblyman Rick Zbur, [...]
By Dominic Reuter Source: Business Insider Self-checkout may not be the money-saving "revolution" some retailers were hoping for. More than 30 years after the introduction of self-checkout and its promises of labor-cost savings, the tech has become ubiquitous in stores across the US. Now, retailers including Costco, Walmart, and Kroger [...]
By Jenna Warburton Source: The Street With the holidays around the corner and many students back at school, 2023's shopping season is officially in session. Plenty of big-box retailers are anticipating a big season of spending, as interest rates are cooling and travel is back in full swing. If Amazon's [...]
Source: Now.gg Stumble Roblox When Macy's introduced a self-checkout option in its mobile app in 2018, the department store bragged about how shoppers could peruse stores without having to wait in line to pay. However, for several store employees, that raised red flags, raising fears that it might endanger their [...]
By Richard Mitchell Source: Supermarket News Keeping in step with a rapidly changing marketplace will be key for retaining shoppers, according to major retail executives. In remarks at the National Retail Federation’s NRF 2023 Retail’s Big Show event in New York, John Furner, president and chief executive officer of Walmart [...]
By: Bill Aull, Dymfke Kuijpers, and Daniel Läubli Source: McKinsey & Company Changes to the global grocery retail market are happening fast. Trends that emerged during the pandemic are persisting, reshaping the industry. Consider this: in December 2019, the percentage of e-commerce grocery sales in the US market was slightly under [...]
By Noam Schieber Source: The New York Times Over the past decade and a half, many young, college-educated workers have faced a disturbing reality: that it was harder for them to reach the middle class than for previous generations. The change has had profound effects — driving shifts in the [...]
By Patrick Spear Source: Supermarket News Consumer confidence and purchasing behavior regained momentum throughout the summer months as businesses began opening their doors and vaccinations became more prevalent. While Americans are now eager to spend, many retailers are not prepared to capture the pent-up demand. Faced with labor shortages, adjusted [...]