Category Archives: Business/Economy

NRF Big Show Highlights Technology, Sustainability — Smartbrief.com

Reports from the NRF Big Show indicate that retailers, including Walmart, are taking service, technology, and sustainability seriously: “As president and CEO of Sam’s Club, Walmart US President and CEO John Furner shifted the way the retailer approached its workforce, simplifying products to give associates more time to empower them to serve customers better.” P.S. Consumers want to patronize tech-savvy retailers that are skilled in providing personalized service while also meeting sustainability standards. Book an appointment today.  

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2020’s Retail Closures — USAToday.com

2020 has brought news of multiple store closures, causing concern within and outside the retail industry: “National chains Macy’s, J.C. Penney, Papyrus, Express and Pier 1 Imports, as well as other retailers, have collectively announced 1,218 store closures this year, according to global marketing research firm Coresight Research.” P.S. Many suppliers are worried about store closures. Reinforcing a strong relationship with your Walmart or Sam’s Club buyer is one way to protect and grow your business. Our experts can help....

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Food Marketing Institute Rebrands — FoodDive.com

The Food Marketing Institute has rebranded itself as “FMI – The Food Industry Association”: “Driven by consumer relevance, we are in the business of food, wherever it is bought, sold or produced, and we are well-positioned to represent everything in the shopping basket – and work closely with every participant in the marketplace,” Leslie Sarasin, FMI’s president and CEO, said in a statement.“ P.S. Fresh remains a huge opportunity for discounters, big box stores, and other retailers. Are you interested in optimizing...

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Amazon Files Trademarks on “Amazon Pharmacy” in Several Countries — CNBC.com

Some analysts believe that Amazon’s trademark filings indicate plans to expand pharmacy and surgical equipment sales in the U.S., Canada, and Australia: “Amazon has filed to trademark “Amazon Pharmacy” in Canada, the U.K. and Australia, signaling a potential move into selling prescription drugs outside of the U.S.” P.S. Walmart wants to meet a full range of consumer needs, including health care. If you want to improve your relationship with your Walmart buyer, check out our supplier courses today.

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J.C. Penney Announces Closures — DallasNews.com

J.C. Penney has announced the closure of six stores, plus a call center: “The Plano-based department store company’s spokeswoman, Brooke Buchanan, said the decisions are part of the retailer’s annual review of its 846 stores and other operations.” P.S. Longevity is not always a predictor of future success. Walmart has been willing to reinvent itself, which is why it is the retail leader that it is today. If you are trying to navigate the “new” Walmart, know that 8th &...

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China and U.S. Sign “Phase One” Trade Deal — CNBC.com

The U.S. and China have worked out an initial trade deal that addresses a variety of concerns: “The deal includes provisions to root out intellectual property theft and forced technology transfers and increase Chinese purchases of U.S. goods, though it leaves open questions about enforcement.” P.S. Tariffs and trade deals impact costs. Walmart and Sam’s Club want to keep costs down, so supplier businesses need to find ways to run a nimble supply chain. Work with our advisors to stay...

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Payless Attempts a Comeback — New York Post

Payless is attempting a comeback after its emergence from Chapter 11 bankruptcy: “The budget chain is emerging from bankruptcy protection on Thursday with plans to reopen some of the 2,100 stores that it had shuttered last year in the US.” P.S. Retail is a tough industry and even industry veterans are working hard to get it right. Walmart and Sam’s Club are successful because of strong leadership and a willingness to test new ideas and make changes quickly when necessary....

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Dimming Prospects for Sears — Forbes.com

The future does not look bright for Sears, a company that has been ailing for a long time: “But this year could really be it as the death-defying circus act that Sears has become could face its final goodbye sometime over the next 12 months, spurred on by its most recent activities.” P.S. Are you concerned about your retail partners going out of business? Working with successful retailers such as Walmart and Sam’s Club is one way to keep your...

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Consumers Want Improved Shopping Experience — RetailDive.com

Consumers want a better shopping experience and are willing to pay more for it: “The same percentage (47%) of consumers said they would be willing to pay more for a shopping experience that exceeded their expectations, but frustrated consumers were twice as likely to say they would pay more for an exceptional experience, the report found.” P.S. Walmart has made big changes over the past few years. If you are trying to navigate the “new” Walmart, know that 8th &...

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Retail’s Rocky Decade — JG-TC.com

The past decade represented multiple changes in the way that retailers do business: “This year, more than 9,000 retailers went belly up or closed stores, according to a tally by Business Insider. Payless Shoes, Dress Barn, Barney’s, Gymboree, Sears, Kmart, Charlotte Russ, Chico’s, Gap, Bed Bath and Beyond, and Office Depot were among the long list of legacy retailers that succumbed in the so-called Great Retail Apocalypse of 2019. Before that, David’s Bridal, Brookstone, Claire’s, Bon-Ton, Toys R Us and...

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