Category Archives: Business/Economy

E-Commerce Sales Jump in June — ChainStoreAge.com

Online spending rose in June by 28% globally and 25% in the United States: “Global online spending rose 28% in June compared to the year-ago period, making it the largest year-over-year  increase in sales since COVID-19 restrictions were put in place in March, according to an analysis by ACI Worldwide of hundreds of millions of e-commerce transactions from global merchants. In the U.S., online spending rose 25% in June, which was steady with May’s increase.” P.S. E-commerce is accelerating in...

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Walmart Mandates Face Masks in Stores –Walmart.com

Walmart has issued a mandate that all shoppers must wear face masks while in Walmart stores: “As the number of confirmed cases has spiked in communities across the country recently, so too have the number and types of face covering mandates being implemented. Currently about 65 percent of our more than 5,000 stores and clubs are located in areas where there is some form of government mandate on face coverings. To help bring consistency across stores and clubs, we will...

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Does Reshoring Make Sense? — SupplyChainDive.com

As the whole world adjusts to the COVID-19 normal, many businesses are considering reshoring product manufacturing. “Reshoring is not a decision supply chain managers can make in a vacuum. Does moving production or prioritizing local suppliers make sense in the larger context of the business? A variety of factors come into play, from customer desire to risk mitigation to total landed cost.” P.S. Walmart knows the importance of making sure that goods are on its shelves. If you want to...

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New U.S. Dietary Guidelines Warn Against Added Sugar — WashingtonPost.com

New U.S. dietary guidelines focus on a need for less added sugar in our diets: “The committee, a group of 20 doctors, registered dietitians and public health experts, recommends reducing added sugars to 6 percent of daily calories, from 10 percent. The previous Dietary Guidelines took a major step forward in 2015 by suggesting added sugars be limited to 10 percent of total daily calories, but leading health organizations, supported by science, have long argued that lower limits would better...

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More on Walmart+ — Fool.com

Walmart’s new loyalty program, Walmart+, may have some advantages over Amazon’s Prime: “However, Walmart has come to realize that the best way to use its store base is to support its e-commerce operations with programs like online grocery pickup, which has been highly popular. Similarly, its stores are supporting its same-day delivery service, and that infrastructure is something Amazon doesn’t have. Currently, Prime guarantees one-day delivery on millions of items, while shoppers can pay extra for same-day delivery of some...

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Vegan “Meat” Sells Better in Meat Department — FastCompany.com

A study shows that vegan meat substitutes sell better when positioned in grocery store meat departments: “A new study released by the supermarket chain Kroger and the Plant Based Foods Association finds that sales for such products jump 23% when they are sold near real meat.” P.S. Product positioning matters. If you need help getting your items where they are likely to sell, know that 8th & Walton can help. Get in touch with us today to schedule a consultation...

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J.C. Penney at a Crossroads — DallasNews.com

J.C. Penney is at a crossroads, depending on the goodwill of its lenders in allowing it to stay open: “Lenders are required to decide by Tuesday whether the 118-year-old retailer will move forward as a restructured company. If not, the company’s assets will be sold off, and the current operation will go out of business.” P.S. Retail partnerships are critical to supplier success. Are you ready to continue doing business with Walmart and Sam’s Club?  Get in touch with us...

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Fashion Industry Slowdown — Reuters.com

The apparel industry is facing huge challenges as the market for new clothing continues to contract: “The destructive weight of the COVID-19 pandemic is expected to contract the $2.5 trillion global fashion industry by up to 30% in 2020, according to investment bank Bryan, Garnier & Co.” P.S. This is a time of massive changes in our industry. 8th & Walton experts stand ready to assist your supplier business. We also offer web-based classes that can get you, and your staff,...

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Pandemic, Debt Contribute to Retail Store Closings — Forbes.com

Debt and the pandemic contribute to a high number of retail store closures: “Debt is now the common enemy. Every retailer who had high debt before all of this started is closing some stores and cutting back on new projects. At a time like this, ability to raise cash and to maintain a semblance of free cash flow is quite difficult even as it is invaluable and enviable for most retailers. Many have had to rely on more borrowing to...

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Report: Amazon Delays Prime Day — ChainStoreAge.com

There are reports that Amazon plans to postpone its Prime Day sale until Fall: “According to CNBC, leaked internal Amazon emails indicate the e-tail giant is targeting Monday, Oct. 5 as the starting date for the 2020 edition of Prime Day. Since initially launching the Prime Day promotion in 2015, Amazon has always held the event in mid-July.” P.S. The pandemic has created new challenges for retailers and some are having to make significant changes in how they do business....

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