Category Archives: Business/Economy

Target COO Discusses Keys to the Retailer’s Success — Yahoo! Finance

Target’s COO recently spoke about how his efforts in technology, merchandising and human resources have encouraged Target’s growth: “That is in part due to the work by long-time Target executive and current COO John Mulligan. The soft-spoken Mulligan has worked diligently behind the scenes to allocate Target’s big $7 billion in investments over three years to the most productive areas. Mulligan’s efforts have ranged from re-thinking how newly renovated Target stores should be laid out to scaling the company’s same-day...

Read More

Fresh Initiative Contributes to Dollar General’s Success — GroceryDive.com

Dollar General had a strong Q3, in part due to its emphasis on selling frozen and refrigerated foods: “Some of Dollar General’s success in Q3 can be attributed to its DG Fresh initiative, one of four core strategies for the company. DG Fresh is intended to enhance the company’s gross margin by shipping its own frozen and refrigerated foods. The category represents about 8% of the company’s sales, Vasos said.” P.S. Fresh remains a huge opportunity for discounters, big box...

Read More

Walmart Supports Reasonable Controls Over Consumer Data — Reuters.com

Walmart has taken a stand in support of providing some consumer protections regarding personal data sales and sharing: “The world’s largest retailer said shoppers should have an opportunity to ‘reasonably access, correct or delete their data while limiting the sale of their data to third parties and its use in digital advertising,’ as it testified at a hearing by the U.S. Senate Committee on Commerce, Science and Transportation.” P.S. Walmart and 8th & Walton are neighbors here in Bentonville. Get...

Read More

Mobile Sales Shine During Cyber Week — Chain Store Age

Consumers are using their mobile devices to make more purchases than ever before: “That’s according to data from Salesforce, which said that global mobile orders were the breakout star of Cyber Week, as buying reached 55% (up from 50% in 2018), driving the most digital traffic and orders of any device.  Mobile devices globally drove 73% of all digital traffic, up from 66% in 2018.” P.S. Interested in selling more via Walmart’s online and mobile platforms? Our experts can help....

Read More

Sears Is in Big Trouble this Holiday Season — NBCNews.com

Sears is entering the holiday shopping season in bad shape, a situation that does not bode well for the retailer: “The ever-shrinking Sears means more job losses. Thousands of jobs are gone, although Sears’ owner through a spokesman declined to say how many since Lampert bought the company out of bankruptcy in February. There are fewer choices for shoppers and suppliers. It also puts more pressure on malls, which must figure out how to fill the gaping holes left by...

Read More

Clustered cargo containers at the port on a overcast day.

One-Third of Businesses Not Taking Action on Tariffs — SupplyChainDive.com

A recent survey shows that many businesses aren’t taking any action to address the effects of tariffs: “One third of businesses are taking no action to mitigate tariffs. Seeking components and assembly outside of China is the most popular remedy (20%) to avoid the impact on operations in China. This is followed by applying for tariff exemptions (15.7%), finding alternative sourcing within China (12.8%), and shifting production out of China entirely (11.7%).” P.S. Tariffs could increase costs throughout the supply...

Read More

2019 Black Friday Breaks Records — USA Today

Analysts are crowing over 2019’s Black Friday sales numbers: “Both online and in-store sales figures increased over last year as consumers grow more comfortable with shopping on their smartphones and tablets. Brick and mortar sales were up 4.2% over last year, according to an annual holiday spending report from First Data, now Fiserv, Inc. The financial technology company also found that shoppers were willing to travel for a discount: A quarter of consumers traveled more than 25 miles to visit...

Read More

CPG Companies Take the Lead on Recycling — ProgressiveGrocer.com

CPG companies and federal legislators are working together to encourage recycling, particularly in the area of product packaging: “Sponsored by Reps. Tony Cárdenas, D-Calif., and Larry Bucshon, R-Ind., the RECOVER Act would provide monetary assistance via block grants at the local level to support and expand existing recycling infrastructure and programs. The RECYCLE Act, introduced by Sens. Rob Portman, R-Ohio, and Debbie Stabenow, D-Mich., would fund education and public awareness programs for residential recycling to help boost collection and decrease...

Read More

Walmart “Refreshes” Produce Shopping — Walmart.com

Walmart has enhanced the experience of shopping for produce at its stores: “In addition to improving the shopping experience for customers, these changes make it easier for our associates to work in the department. Our new format simplifies workloads, making it easier for our associates to stock produce. This way, they can re-focus their time on serving customers.” P.S. As more people seek to incorporate fresh fruits and vegetables in their diets, produce quality becomes more important. Walmart is taking...

Read More

Part 1: Preparing for Your First Walmart Buyer Meeting

  Are you a supplier trying to get on the Walmart shelves? Not sure what’s going to be asked or required just before that first meeting? We designed this podcast for you because we’ve already sat on BOTH sides of that Walmart negotiation table! Whether you’re a seasoned supplier for other retailers or if Walmart will be your first venture into stores/e-commerce, meeting prep is key. Because new suppliers to Walmart can be caught off-guard by requirements, questions that will...

Read More