Category Archives: Business/Economy

Retail Defaults Slow Down — RetailDive.com

Many retailers have shut down, filed for bankruptcy, or suffered significant setbacks over the past few years. That trend seems to be slowing down, though there are still real concerns for some brands: “Over the last three years, retail has commanded one of the highest default rates among U.S. industries. While big names like Sears and Bon-Ton filed for bankruptcy last year, the spec-grade retail default forecast has fallen sharply from its peak of 19% in 2017 to 4.3% for a...

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Jet.com to Offer Same Day Fresh Fish Delivery in NYC — GroceryDive.com

Walmart’s Jet.com is testing a new partnership that delivers fresh fish to consumers in New York City: “With this new partnership, Jet claims that it is the largest e-commerce platform to partner with Fulton Fish Market, and the only e-commerce platform providing same-day delivery of the market’s offerings in NYC, with Jet’s Bronx Fulfillment Center located a short 10-minute drive away from the seafood vendor. Customers must place their orders before noon in order to receive same-day delivery between 6...

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Demand for Urban Warehouses Outstrips Demand — SupplyChainDive.com

E-commerce has created an increased demand for urban warehouse space, far outstripping the number of warehouses: “This growth has not been enough to keep pace with the increase in demand for these types of industrial real estate spaces. Demand has outpaced supply of warehouse space since 2010, according to CBRE.” P.S. Are you concerned about supply chain logistics? You aren’t alone. Fortunately, our experts can help. Get in touch with us today and schedule an appointment.

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Toys R Us to Become “Tru Kids” — RetailDive.com

Toys R Us has risen from the ashes of liquidation and re-emerged as a new company: “Toys R Us, which liquidated last year and closed all its American stores, on Monday emerged as a new company, dubbed Tru Kids Inc. The company will be led by President and CEO Richard Barry, former global chief merchandising officer at Toys R Us, according to a press release.” P.S. Retail is an ever-changing business. Are you prepared? Book a consultation with one of...

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Tastewise Platform Tracks Food Trends — FoodDive.com

  Food manufacturers and retailers need to track trends. Tastewise, a new online platform, makes use of online images and other content to deliver quality data and insights: “The platform allows users to search emerging food trends and receive “up-to-the-minute industry insights” and predictions, according to the release announcing the platform. Chen said that the industry isn’t adapting fast enough and this platform could help.” P.S. Having a tough time keeping up with industry changes? Let our experts help you with...

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Judge Approves Lampert’s Plan to Save Sears — USA Today

A judge has approved Eddie Lampert’s bid to buy, and save, Sears: “Judge Robert Drain authorized a deal to sell the major remaining assets of Sears to its chairman, largest shareholder and former CEO Eddie Lampert’s hedge fund, ESL Investments.” P.S. Choosing healthy retail partners is essential to running a successful supplier business. Our Walmart and Sam’s Club experts can help you develop your relationships with your buyers. Get in touch and schedule a consultation today.

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Manufacturing Expenses Drive Up Grocery Prices — GroceryDive.com

Manufacturing costs are going up, which means that some grocery categories might see price increases: “Manufacturers’ rising costs are the biggest cause for the increase with an average price bump of 7.8% in 2018 alone. The paper pulp industry has seen a 60% increase in the cost of hardwood, diesel has risen 19%, and there’s a widespread shortage of truck drivers to help distribute the massive amount of product. Despite the price hikes, competition in the food retail space remains...

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McCormick Uses AI to Develop New Products — FoodDive.com

Spice giant McCormick is turning to artificial intelligence to assist in new product development: “McCormick said Monday it is partnering with technology giant IBM to use artificial intelligence to mine 40 years of data it has amassed on consumers, taste palates and product attributes. The company had previously developed new products by tapping into an estimated 4,000 ingredients in its database. Those items were extensively tested before heading to market. A single product could be tweaked between 50 and 150...

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NRF Predicts Retail Sales Increase in 2019 — Reuters

The National Retail Federation is bullish on U.S. retail sales in 2019: “U.S. retail sales are expected to rise between 3.8 percent and 4.4 percent to more than $3.8 trillion in 2019, the National Retail Federation (NRF) said on Tuesday, citing high consumer confidence, low unemployment and rising wages.” P.S. This is an exciting time to be a retail supplier. If you want to take full advantage of the uptick in consumer spending, get registered for one of our classes...

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New Packaging Strategies for Online, Offline Sales — SupplyChainDive.com

Some suppliers are shifting their packaging strategies to address omnichannel needs: “Manufacturers like Tide are now developing two packaging designs for the same product: those destined for the retail shelf, and those sent directly to consumers.” P.S. Have you reviewed your packaging strategy lately? Our experts can help you address logistics while you focus on other essential business concerns. Schedule a consultation today.

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