Category Archives: Business/Economy

Millennials, Gen Xers Willing to Boycott — RetailDive.com

Both Millennials and GenXers have shown a willingness to boycott brands, even if they were already brand users: “In the past year, 33% of millennials and 35% of Gen Xers boycotted a company or product they had previously spent money on, according to a new report from CompareCards.com. Overall, 26% of Americans are actively boycotting a product today.” P.S. Social compliance is an important part of protecting your brand, and your business. Our experts can help you manage supply chain logistics...

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Feds, Creditors Oppose Sears Deal — USA Today

Eddie Lampert is facing heavy opposition to his plan for rescuing Sears: “The U.S. government, major mall owners and other creditors are lining up to block the effort to hold off liquidation, setting up a courtroom clash to decide the fate of one of America’s most iconic retailers.” P.S. Many legacy retailers are hurting. Badly. What steps are you taking to ensure a positive relationship with your Walmart or Sam’s Club buyer? Our experts can help. Schedule a consultation today.

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Report: FedEx to Offer Late-Night Shipping — Chain Store Age

Chain Store Age reports that FedEx is rolling out a new delivery service that helps retailers quickly ship to late-night customers: “The service, which has been tested in about 100 markets since late 2017, enables retailers to offer next-day local shipping and two-day national shipping for online purchases made as late as midnight. Drivers will pick up packages from stores as late as 2 a.m. for sorting.” P.S. This service is supposedly aimed at Amazon, which is increasingly handling its...

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Walmart.com Teams with Fanatics — Walmart.com

Fanatics, the company behind many online sports merchandise shops, has teamed up with Walmart.com: “Just in time for the Big Game, I’m excited to announce a new, long-term partnership with Fanatics – the powerhouse sports fan brand that makes your favorite team and player merchandise, and operates popular sites such as NFLShop.com, NBAStore.com and MLBShop.com – to launch a new specialty shop offering licensed fan gear on Walmart.com.“ P.S. Yet another expansion of Walmart’s online product assortment. Our experts can...

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Zero Sales: From Phantom Inventory to Out-Day Cycles

One of the biggest questions Walmart and Sam’s Club suppliers face is “why are we reporting zero sales?” Finding the root cause of zero sales is a task the 8th & Walton team of experts takes on each week for suppliers across the country. We recently published the article 5 Reasons You’re Seeing Zero Sales in Stores detailing common causes and solutions. To dig deeper on the causes of zero sales, we caught up with Mark Stallcup, VP of Supply...

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Amazon Pushes Suppliers for Exclusive Brands — FoodDive.com

Amazon’s ability to develop new products on its own has proven expensive. Now the retailer is asking suppliers to create Amazon-exclusive private brands: “After finding that it was too expensive for Amazon to develop exclusive brands independently, the company started pushing established food and beverage manufacturers to take on the R&D work, a source told the Journal. Nutrition brand GNC was one of the first to launch products through the program Amazon started last year.” P.S. Amazon is riding the private...

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Shoes.com Shakes Up Walmart’s Footwear Business — FootwearNews.com

Walmart’s acquisition of Shoes.com has brought changes to its footwear division: “Within the Walmart organization, Shoes.com is now responsible for managing footwear for Walmart’s website as well as Jet.com. ‘The business model is very beneficial to the partner side,’ said Alex Proelss, SVP of brand marketing and creative, ‘because you have one team that focuses on your business across three platforms, and collectively, we reach 140 million people monthly.’” P.S. Walmart has never been known for its apparel, but that’s...

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Walmart Spends Big on IT –CIODive.com

Walmart joins other top companies in having a robust IT budget: “As the largest retailer in the world, Walmart’s IT strategies are aggressive. CIO Clay Johnson encourages a fail fast experimentation strategy among his team, which is modeled to work in a “startup orientation,” Walmart CTO Jeremy King, told CIO Dive in an interview in September.” P.S. Overwhelmed by tech changes and innovations? You aren’t alone. Our expert consultants can help you keep your processes moving along and your Walmart buyer happy....

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Walmart Takes Stand On Forced Labor in the Supply Chain — SupplyChainDive.com

Walmart is teaming up with other multinational corporations to set new standards protecting human rights in the supply chain: “Walmart has changed its rules for suppliers to focus on fighting forced labor, said Ryan Burns, manager of federal government affairs at Walmart. ‘We have clarified expectations for our suppliers for responsible recruitment, for eliminating forced labor and human trafficking in their businesses and providing safer working conditions,’ Burns said.” P.S. Are you concerned about Walmart’s updated social compliance standards? If...

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China May Become Worlds Top Retail Market — Chain Store Age

Think the U.S. is the biggest retail market in the world? You aren’t wrong now, but China is waiting in the wings, ready to snatch America’s retail crown: “The latest forecast by eMarketer predicts that retail sales in China will increase 7.5% to $5.636 trillion in 2019. That’s approximately $100 billion more than the United States, where retail sales are expected to grow 3.3% to $5.529 trillion.” P.S. Retail is a constantly evolving industry. Getting good advice and support is...

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