Category Archives: Business/Economy

Sears Needs to Borrow More Money — Reuters

Sears needs to borrow more money to stay afloat. Some of the funds will come from its owner, Eddie Lampert: “Sears is currently in the midst of closing additional stores and has warned employees and vendors of significant business challenges. It will have about 300 stores at the end of the year, the sources said.” P.S. The key to a healthy supplier business is partnering with healthy retailers. Interested in improving your relationship with Walmart or Sam’s Club? Get in...

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Consumers Bullish on Private Brands — RetailDive.com

The demand for quality private label products is on the increase: “With the accelerated sales growth of private-label consumer products from 2.2% in 2015 to 5.8% in 2018, and annual sales growing faster than national brand sales by a factor of four last year, those brands have effectively disrupted the category, according to a report from Coresight Research emailed to Retail Dive.” P.S. Walmart leadership has made it clear that the company plans to invest in its private-label offerings.  Get...

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Cloud Over U.S. – China Trade Discussions — USA Today

Hopes are dimming for trade talks between the United States and China: “Yet the 13th round of U.S.-China trade negotiations, set to begin Thursday in Washington, is unlikely to prove any more successful than the previous 12 in resolving tensions that have rattled markets, threatened global growth and paralyzed business investment in the United States.” P.S. Tariffs could increase costs throughout the supply chain. 8th & Walton advisors help suppliers run a nimble business and keep costs down as much...

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NRA Predicts Robust Holiday Season — Reuters.com

Despite concerns about tariffs raising the prices of goods, the National Retail Federation is anticipating a strong holiday season: “Sales in 2019 are estimated to grow between 3.8% and 4.2% to a range of $727.9 billion to $730.7 billion, the retail trade group said. That compares with sales of $701.2 billion, or 2.1% growth, in 2018.” P.S. Tariffs could increase costs throughout the supply chain. 8th & Walton advisors help suppliers run a nimble business and keep costs down as...

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Fresh Grocery Attracts Consumers — GroceryDive.com

A recent study shows that the option of purchasing fresh grocery items attracts consumers to retail stores: “Fresh departments including deli, bakery, meat, seafood and produce are retailers’ key to luring shoppers into stores, according a recent report from Nielsen. Top-performing retailers in fresh categories generated 43% of sales from perishable foods, 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 & Walton’s...

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GMA to Become Consumer Brands Association — SupermarketNews.com

The GMA is changing its name to Consumer Brands Association: “The Grocery Manufacturers Association (GMA) is renaming itself the Consumer Brands Association (CBA), which the consumer packaged goods (CPG) trade group said is part of a “sweeping overhaul” of the organization.” P.S. The CPG industry is going through many changes, as are retailers. Want to optimize your performance? Get in touch with us today to schedule a consultation with one of our experts.

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Sam’s Club Pilots Discount Health Care Program — APNews.com

Sam’s Club is piloting a new health care discount program in three states: “Starting next month, Sam’s Club members in Michigan, Pennsylvania and North Carolina will be able to buy bundles of health care services that include discounted dental care, free prescriptions for certain generic medications, and telehealth consultations. Fees range from $50 for individuals to $240 for up to six family members. The pilot program could potentially expand to all states, said Lori Flees, senior vice president of Sam’s...

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Doug McMillon to Head Business Roundtable — Fortune.com

Doug McMillon will head the influential Business Roundtable, taking the reigns from Jamie Dimon: “McMillon will serve a two-year term, the organization said Thursday. He joined the group, which serves as an influential association of CEOs at some of the country’s largest companies, in 2014. ‘In the coming months, there will be extensive conversations about America’s future and the role business plays in shaping it,’ the executive said in a release. ‘As chairman, I commit to keeping Business Roundtable CEOs...

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Consumer Expectations and Shipping Speed — SupplyChainDive.com

An analysis of consumer expectations when it comes to shipping speed and cost: “When Amazon first unveiled its Prime membership in 2005 — and the promise of free, unlimited two-day shipping — it differentiated itself from the competition in the e-commerce fulfillment space. But as retailers like Walmart and Target began to match that, or offer alternative e-commerce fulfillment options (like buy online, pick up in-store), Amazon needed something to again set it apart from the rest.” P.S. Interested in...

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Tariffs to Affect “Nice to Have” Product Categories — Chain Store Age

Tariffs are a cause of concern for many consumers, though it should be noted that the product categories most likely to be affected are “nice to have” items, such as luggage and televisions: “Categories that consumers consider ‘nice to have’ include bicycles, handbags, luggage, watches, games, televisions, and headphones. NPD Group said it is already observing sales reductions in some of the categories where tariffs were introduced in 2018.” P.S. Tariffs could increase costs throughout the supply chain. 8th &...

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