Category Archives: Business/Economy

Walmart Lowers Prices to Compete with Dollar Stores, Discounters — FoodDive.com

Walmart has been in a pricing war with dollar stores and discounters: “A note from Raymond James finds that Walmart and Dollar General have been in line on pricing, indicating that Walmart is reinvesting some of the tax savings from the new federal overhaul into this effort to grow market share. From February to April 2018, prices at Walmart declined nearly 4%.“ P.S. One weapon in Walmart’s price war arsenal is its private brands. Learn more about how you can...

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Bon-Ton Stores to Be Liquidated — Chain Store Age

Bon-Ton stores will be undergoing liquidation after numerous attempts to save the company and its brands: “Bon-Ton filed for bankruptcy in February, saddled with a heavy debt load and struggling with weak sales amid declining mall traffic and increased online competition. The retailer operates 250 stores in 23 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.” P.S. Many retail brands are shutting down, even those with historically strong...

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Bill Would Force USPS Reform — Supply Chain Dive

A bill to reform the United States Postal Service has been proposed. If it passes the retail industry could see major changes in how USPS operates within the supply chain: “The USPS has been a major player in the rise of e-commerce, and while it may seem counterintuitive, Amazon, FedEx and UPS are some of the USPS’ biggest customers. If the USPS is in financial hot water and reform is passed to improve its operations, it could affect shipping rates...

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Planning a Meeting or Event in Northwest Arkansas? Time to Visit Bentonville!

Do you work in Northwest Arkansas, or do you travel here for business? Are you planning a meeting or hosting an event around Walmart’s Made in the USA Open Call or the up-coming Walmart Shareholders’ Meeting? We’ve got great news this week from our friends at Visit Bentonville about making your get-together come together! We’re podcasting to you this week from the newly renovated Meteor Guitar Gallery on the Bentonville Square. Our special guest is Amanda Khanga, Meeting Sales Manager...

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Consumers Seek Ways to Resell, Recycle Items — Fierce Retail

Consumers are increasingly interested in finding ways to resell or recycle products that they are no longer using: “According to PA Consulting, the average U.S. home has $7,500 worth of unused items, which adds up to a wasted $875 billion that can be put back into the economy. But it seems that consumers would be interested in opportunities provided by retailers to resell, recycle and donate old items, in all categories.” P.S. A changing culture means new challenges for suppliers...

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Consumers Concerned About Sugar Intake — FoodNavigator-USA.com

  Consumers are paying close attention to food labels. One area of concern is added sugar: “He explained that 45% of consumers check product labels for information about sugar with the intention of trying to reduce their intake. He added Americans’ concern about sugar, as reflected in NPD’s research, far surpasses that of other nutrients of concern, including calories, sodium and fat.“ P.S. Do you have some low-sugar or sugar-free products that might appeal to Walmart customers? Book a line...

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Sales Tax Collection Case Goes to U.S. Supreme Court — CNN

The question of whether online retailers are obligated to collect state sales taxes has been a contentious one. Now a major case is going to the U.S. Supreme Court: “A reversal could mean that all online retailers must collect sales tax everywhere. It’s an issue that brick-and-mortar retailers insist will provide a level playing field with online competitors, and help to provide state and local governments with the tax revenue they deserve.” P.S. Walmart is already collecting sales taxes on...

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Sears to Close Last Chicago Store — Chicago Tribune

  Chicago, once the hometown of Sears headquarters, is losing its last Sears store: “The embattled retailer informed employees at the Six Corners store on the edge of the Portage Park neighborhood Thursday of its plans to close in mid-July. With the store’s demise, Chicago is losing one more reminder of the heyday of a hometown company that was once the world’s largest retailer.” P.S. Is the retail apocalypse making you nervous? Protect your bottom line by improving your accounting...

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Missouri Bill Would Restrict Labeling of Meat Substitutes — FoodDive.com

A bill in Missouri would restrict producers of meat substitutes from labeling their products as “meat”: “This legislative effort to restrict labeling of lab-grown meat and plant-based meat substitutes — such as the Impossible Burger and Beyond Burger — echoes the dairy industry’s recent legal and political battles to stop plant-based dairy alternatives from being labeled as “milk” if the product isn’t derived from a cow.” P.S. Food labeling is just one area of compliance that many suppliers struggle with. If...

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Frozen Food Undergoes a Makeover — FoodDive.com

The foodie/locavore trends of recent years resulted in the stigmatization of the frozen aisle. However, new food technology, the need for convenience foods, and an aggressive campaign against food waste has resulted in a revival of sorts for this category: “For the past 10 years, analysts say frozen food has suffered from a stigma, as consumers look for what they perceive as healthier whole foods and avoid those they view as too processed or containing unwanted additives and preservatives.” P.S....

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