Category Archives: Business/Economy

Department of Commerce Studies Fake Goods Sold Online — RetailDive.com

The Department of Commerce is seeking comments on its research into the impact of counterfeit goods being sold online: “The DOC wants to better understand what leads to the sale of counterfeit goods, if there are any technological or policy solutions, and if information-sharing or government data could help stop these sales.” P.S. Interested in selling more on Walmart.com or SamsClub.com? Want to improve your sales on these platforms? Our experts can help. Book a consultation today.

Read More

How Prime Day Impacts Retail — Forbes.com

Forbes offers an analysis of how Prime Day has impacted retail: “Prime Day, when the world’s largest retailer offers Prime subscribers thousands of items at reduced prices, is the gift that keeps on giving for shoppers: Many major chains, from Target to Walmart, have countered with their own ‘Black Friday in July’ sales. EBay has launched a ‘Summer Brand Outlet’ microsite that includes “Hot Deals for Hot Days” through July 22, and a “Crash Sale” on July 15.” P.S. Interested...

Read More

Tariffs Could Close Chinese Factories — Bloomberg

Some suppliers are concerned about the effect that tariffs could have on Chinese factories: “China will see more factory shutdowns as the trade war that’s roiled the global supply chain exacerbates an exodus, said Spencer Fung, chief executive officer of Li & Fung Ltd. The company, which designs, sources and transports consumer goods from Asia for some of the world’s biggest retailers including Walmart and Nike, is being pushed by American clients to shift production out of China.” P.S.  Tariffs...

Read More

food waste

Food Waste Tied to Supply Chain — FoodDive.com

Food waste in the United States, and elsewhere, is a major issue. There is now evidence that at least some food waste is the result of supply chain inefficiencies: “While it may be easy to point fingers at picky American consumers as the heart of the problem, there are issues throughout the supply chain. 40% of the waste in North America is caused by something other than the consumer, according to FAO.” P.S. Walmart is committed to sustainability and asks...

Read More

How the Other Half Shops — FoodNavigator-USA.com

New data has emerged that notes significant differences between the way that affluent and low-income consumers shop for groceries: “Affluent shoppers are also twice as likely as less affluent consumers to use grocery delivery services or to have ordered groceries/food products online making them vitally important to the e-commerce grocery industry, according to Packaged Facts research.” P.S. Walmart is not the same store that it was even a few years ago. If you are hoping to work effectively with this...

Read More

Wealth Gap Impacts Retail Success — RetailDive.com

The wealth gap impacts the ability of consumers to spend money on goods and services. This, in turn, impacts the health of retailers: “Some retailers are doing better than others. Luxury brands and discount chains are holding on to their traffic and sales, for the most part. Those whose traditional customers are in the middle, however, are finding it difficult to sell at full price, move their discretionary or premium goods, and grow their base. And while the rise of...

Read More

Walmart Open to New Speciality Foods — Food Business News

Walmart buyers increasingly seek to expand the company’s assortment of specialty foods and brands: “’Our customer is asking for change, asking for innovation, wanting access to top brands as well as different types of food that they’ve never even experienced in a Walmart store,’ she said. ‘We believe the customer deserves access to everything. Not just cheap food, but good food, great food, and we are trying to figure out the right recipe to make sure we do it the...

Read More

Toys “R” Us Ready to Reopen — NYPost.com

Toys “R” Us is getting ready to reopen under new ownership: “Richard Barry is a former Toys “R” Us executive who is now CEO of Tru Kids Inc., the new owners of the iconic toy retailer and its signature Geoffrey Giraffe mascot. Barry pitched his plans for the new version of the chain to toymakers at an industry conference last week.” P.S. If you are hoping to work effectively within the rapidly-changing retail industry, you’ll need guidance. Our experts can...

Read More

Kraft Heinz Embraces OTIF — Supply Chain Dive

Kraft Heinz is getting behind the need for keeping items on retailer shelves: “Walmart is not the only retailer relying on OTIF, Michael Zimmerman, a partner at A.T. Kearney, told Supply Chain Dive in an email. Other retailers ‘do not have a choice because if shippers prioritize Walmart with their best carriers, that means the other shippers are more likely to get the lower OTIF service carriers,’ Zimmerman said.” P.S. Walmart knows the importance of making sure that goods are...

Read More

Amazon Targets Walmart’s Traditional Demographic — WashingtonPost.com

Amazon is working to attract the lower-income demographic that made up Walmart’s base. Curiously, this is happening at a time when Walmart is actively trying to attract more affluent shoppers: “The moves could help Amazon attract a new customer group that has long been loyal to Walmart and its more than 4,700 U.S. stores, many sprinkled throughout rural and lower-income communities. But it also comes attached with some risk for the shoppers: For example, Amazon’s newest credit card’s interest rate...

Read More