Category Archives: Business/Economy

American Entrepreneurship on Full Display at Walmart’s 5th Annual Open Call for U.S. Manufacturing — Walmart.com

  BENTONVILLE, Ark., June 14, 2018 – The American entrepreneurial spirit was very much alive at Walmart’s fifth annual Open Call event at their corporate headquarters Wednesday. More than 450 businesses lined the halls to meet face-to-face with buyers in hopes of landing the deal of a lifetime. And, for many, those hopes are closer to becoming reality. More than 100 entrepreneurs pitching U.S.-made products moved on to the next step, with some getting on-the-spot deals. Also, for the third year...

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Retail Sales Increased in May — MarketWatch.com

Retail sales rose 0.8% in May 2018, more than some analysts predicted and in keeping with springtime trends: “Retail sales nationwide jumped by 0.8% last month, twice as high as the MarketWatch forecast. Sales growth in April and March were also revised up sharply, partly reflecting changes in how the government calculates the numbers.” P.S. Want to take advantage of increased consumer spending? Take a class, or encourage your team to do so, and watch your Walmart sales climb!

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Volcanos Tax Supply Chains — SupplyChainDive.com

Weather events and natural disasters, such as volcanos, can take a toll on infrastructure and supply chains: “In the long-term, the volcanoes will hurt more than the people in the evacuation zones and local economies. Wreaking havoc on farms, roads and infrastructure, the volcanoes’ destruction will ripple down the supply chain in three ways, reaching companies and consumers.“ P.S. Is your business prepared for supply chain interruptions? Our expert staff can help you develop a robust plan for getting your...

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Helping Seniors Eat Healthy — FoodDive.com

Food suppliers: Don’t put all your eggs into the Millennial basket. Seniors are also concerned about what they eat, and how much it costs: “About six in 10 told IFIC their diet and lifestyle behaviors are better now than 20 years ago, and 86% are trying to choose healthier foods and beverages — particularly in the protein and vegetable categories. However, 32% weren’t sure which foods to avoid, 26% didn’t know which foods might aid their health the most, and 44% said...

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Movista Advises Entrepreneurs and Supports Walmart Suppliers

(Click the play button above to hear the podcast. Got questions? Click here to live chat with one of our experts!) It’s been a big week for lucky entrepreneurs across the country. As Walmart inks new deals through its Made in the USA Open Call, some small businesses find themselves with many different opportunities. They may be invited to sell products in Walmart Stores, on Walmart.com, or they may have received valuable advice from the Walmart buying team to make...

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Store aisle featuring nut milks

Demand for Nut-Based Milk on the Increase — FoodDive.com

The demand for plant-based, non-dairy milk is on the increase, but not all non-dairy beverages are created equal: The demand for nut-based beverages on the rise, while soy and rice milk companies are seeing a decline in sales. “Total refrigerated plant-based beverage sales jumped 7% to $1.61 billion, while total shelf-stable sales increased 4.7% to $229 million. The SPINS data include conventional outlets and natural and specialty gourmet channels. Not included were online and convenience channels and some major retailers,...

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Retail Industry Plans for Hurricane Season — Chain Store Age

Hurricane season means that retailers and suppliers are paying close attention to the weather, ensuring that consumers will have access to the products they need during what might be dangerous outdoor conditions: “The weather impacts just about every aspect of our lives. It impacts what we buy, where we go, and even how we feel. In fact, research shows that 30% of consumer-buying patterns are influenced by weather conditions.  Smart retailers build a weather strategy that leverages the prediction power...

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Proposed Bill Addresses Food Label Accuracy — FoodDive.com

A bipartisan bill has been introduced that would clarify what can appear on food labels: “The proposed legislation, which would amend the Fair Packaging and Labeling Act enacted in 1967, would mandate science-based criteria for all additional state and local labeling requirements, allow state-required labeling information to be provided via SmartLabel and on websites, make sure the product information is risk-based. It would not change current federal laws regarding nutrition facts, allergens and medicines.” P.S. Confused about ongoing compliance with industry...

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Lidl is Catching on in the U.S. — ChainStoreAge.com

Reports suggest that Lidl has outlasted its slower-than-expected growth and is beginning to catch on with American consumers: “Forty-eight percent of 600 consumers who tried Lidl are now shopping there on a regular basis (more than twice per month), according to an independent survey by global consulting firm Oliver Wyman. Consumers also are spending more money per shopping trip at Lidl today than a year ago, indicating they have found a wider range of Lidl products they prefer.” P.S. Lidl...

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Target Launches New Private Label Lines — StarTribune.com

Target is doubling-down on its reputation for cheap chic and useful household goods with new home goods private label ranges: “The home brands are part of a flurry of new private­-label offerings that Target has introduced as it looked to refresh its brand portfolio and regain its edge as the authority in cheap-chic offerings. Many of the other new brands have been in Target’s wheelhouse of affordable apparel such as Goodfellow & Co. for men; denim-focused Universal Thread, which replaced...

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