Category Archives: Business/Economy

Consumer Spending Strong in July — RetailDive.com

Consumer spending proved strong in July: “July retail sales rose 0.6% from June 2019 and 3.4% above last year, according to the U.S. Department of Commerce’s latest monthly report on the trade. Sales at nonstore retailers (mostly e-commerce) rose 2.8% from June and 16% year over year, a strong showing probably due in part to Amazon’s Prime Day, according to a note from Wells Fargo economists emailed to Retail Dive.” P.S. Walmart is not the same store that it was...

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Consumers Willing to Pay More for Service — ChainStoreAge.com

Consumers, particularly younger consumers, are willing to pay more for products if it means that they can work with a competent salesperson:   “According to a recent survey of 1,003 U.S. consumers from marketing solutions provider Engine Insights, roughly two-thirds of consumers (64%) say they would pay a premium to ensure human assistance in at least one retail category. This willingness is even higher among younger-age segments, particularly those 18-34 (74%).” P.S. Walmart is not the same store that it...

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Amazon Begins Price-Setting Program for Marketplace Sellers — RetailDive.com

Amazon has started a new price-setting program for some suppliers: “Amazon has invited some of its third-party Marketplace sellers to join a new “Sold by Amazon” program, where the sellers’ prices are set by Amazon’s price automation process, the e-commerce giant confirmed to Retail Dive in an email.” P.S. Interested in selling more on Walmart.com or SamsClub.com? Want to improve your sales on these platforms? Our experts can help. Book a consultation today.

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More Sears, Kmart Closings — RetailDive.com

Sears and Kmart will undergo more store closings throughout the country: “The five Kmart stores and 21 Sears stores set to close are in multiple geographic regions and include locations in California, Maryland, New York, Ohio and Alabama. Additionally, Sears Auto Centers at the aforementioned locations will close at the end of this month.” P.S. The future looks bright for Walmart. Are you ready to continue doing business with this evolving retailer? Get in touch with us today to schedule...

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Greg Ferrara to Head National Grocers Association — GroceryDive.com

Greg Ferrara will become the new president and CEO of the National Grocers Association in September: “Greg Ferrara will become the next president and CEO of the National Grocers Association (NGA), according to an announcement from the organization. He will assume the role September 1.” P.S. Walmart is actively developing its fresh grocery assortment. Do you want to get your products on Walmart’s shelves?  Get in touch with us today to schedule a consultation with one of our experts.

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The Importance of Succession Planning — SupplyChainDive.com

Supply chain planning should incorporate succession planning: “Succession planning for suppliers, ensuring ongoing company operations in the event of changes in management or ownership, was a newly added category in my company’s supply chain risk audit framework. It was becoming an increasingly important one, especially for sole source suppliers like these.” P.S. Walmart knows the importance of making sure that goods are on its shelves. If you want to improve your in-stock stats, 8th & Walton can help. Get in...

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Consumers Concerned About Ethical Food Sourcing — FoodDive.com

U.S. consumers are talking about ethical and sustainable food sourcing issues online: “One-quarter of U.S. consumers are actively engaged in online conversations about responsible food sourcing, according to recent research from The Center for Food Integrity. The group analyzed millions of online engagements in real time and found more groups than just Generation Z are interested in ethical food sourcing.” P.S. Walmart is committed to sustainability and ethical sourcing and asks suppliers to participate in green initiatives. If you need...

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In-Store Pickup Popular with Gen-Z — SupplyChainDive.com

It turns out that Gen-Z very much appreciates the in-store experience and is particularly keen on retailers that offer the option to make online purchases that can be picked up in-store: “Package Concierge, an automated parcel locker provider, released a survey of 583 Generation Z shoppers that found 58% of them have used Buy Online Pickup In-Store for a purchase, and 60% said it was a factor in deciding where to shop.” P.S. Walmart is expanding its buy online, pick...

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Walmart Vs. Asda — Business Insider

Reporters offer observations on Asda and how it compares with Walmart stores here in the states: “While Walmart is definitely an ‘everything’ store, the Asda we visited seemed like more of a supermarket than the Walmart we went to. Walmart had a deli counter, bakery, and walls of packaged meat, but Asda had fishmongers, butchers, and a place for DIY pizza.” P.S. Walmart continues to pursue overseas opportunities and is investing in strong executive leadership for its international division. Are...

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Over 7,000 Retail Store Closures in 2019 — CNBC

Retail store closures continue in the United States: “So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. And the tally could top 12,000 by the end of 2019, setting a new record, Coresight says. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017.” P.S. The future looks bright for Walmart. Are you ready to continue doing...

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