Inflation concerns rise, AI, ice cream and back-to-school trends
Consumers are cutting back. In its July Consumer Digest, 84.51° reveals that shopper concern over inflation has risen to 66% – the highest level since March 2024.
Retail News
CommerceIQ publishes proprietary data insights from Prime Day 2024
CommerceIQ, a leading retail ecommerce management (REM) platform, today released the results from their hour-by-hour analysis of Amazon’s Prime Day 2024 event, which took place July 16 – 17, 2024.
Circana reports steady retail sales continue into summer
U.S. retail sales numbers in June resembled May performance. During the four weeks ending June 29, 2024, revenue across the combined view of discretionary general merchandise and consumer packaged goods (CPG) once again grew 1%, and unit demand remained level with the same time last year.
Shoppers Drug Mart partners with Truvian Health
Shoppers Drug Mart has agreed to a commercial partnership with San Diego, Calif.-based blood testing startup Truvian Health. Truvian has created a printer-sized device that enables practitioners to perform a blood test in less than 40 minutes without sending the sample to a different lab.
Amazon announces record-breaking sales for 2024 Prime Day event
Amazon announced that Prime Day 2024 was Amazon’s biggest Prime Day shopping event ever, with record sales and more items sold during the two-day event than any previous Prime Day event. During the 48-hour shopping event, Prime members globally saved billions on deals across every category.
Kantar study details DEI impact on consumers
Kantar has released their annual Brand Inclusion Index for 2024, which ranks the most inclusive brands of the year based on recognition by consumers for setting a positive example by demonstrating a genuine commitment to DE&I. A key finding shows that 8 in 10 U.S.
Shekhar named VP of beauty at Walmart
Vinima Shekhar has been appointed vice president of beauty at Walmart. She succeeds Creighton Kiper, who was named senior vice president of home. Shekhar joined Walmart in 2018 in e-commerce and has worked in various areas of the merchandising business.
Meijer launches School Supply List technology
Meijer has launched a new feature in the Meijer app and website to help families seamlessly get the school supplies requested by their teachers.
Walgreens introduces Nice! For You brand
Walgreens is launching Nice! For You, a new tier of its popular owned grocery brand, Nice!, to help customers find food choices that help support their journey to a healthier lifestyle. Nice! launched in 2011 and offers a range of everyday food and beverage products at an incredible value.
Census data shows modest sales gains in June
WASHINGTON – Data released by the U.S. Census Bureau Tuesday shows modest retail sales gains in June despite an uneven pace of spending in recent months, National Retail Federation Chief Economist Jack Kleinhenz said. “The path of household spending remains difficult to read,” Kleinhenz said.
FMI releases wine sale study
ARLINGTON, Va. – The Food Industry Association has released a report exploring whether newly allowed wine sales at grocery stores in Tennessee beginning in 2016 led to liquor store closures and changes in state sales tax revenues. The research was conducted by Dr.
Rite Aid provides notice of security incident
Rite Aid Corp. is providing notice of an incident that involved certain consumers’ personal information. “We are mailing letters to any potentially affected consumer who was associated with a mailing address in their systems.
Back-to-school spending flattens amid financial concerns
Today, Deloitte released the results of its “2024 Back-to-School Retail Survey,” which examines consumers’ spending intent amid financial concerns as they balance priorities ahead of the back-to-school season.
FTI says online retail sales to hit $1.2 Trillion
FTI Consulting projects that U.S. online retail sales will reach $1.2 trillion in 2024, an increase of nearly 10% from last year, according to the firm’s 2024 Online Retail Report. The firm’s Retail & Consumer Products practice, which conducted analysis for the report, expects U.S.
Walgreens’ closings reflect industrywide strains
Walgreens Boots Alliance has declared it will close a “significant portion” of its underperforming stores, which it says make up about 25% of the chain’s store base. Chief executive officer Tim Wentworth made the announcement during the company’s third quarter conference call last month.
Stop & Shop to close 32 underperforming stores
Stop & Shop said Friday that it will close 32 underperforming stores by year-end. The closures will leave the Ahold Delhaize chain with more than 350 stores across its five-state footprint. “Stop & Shop is proud of the deep roots and community ties we have developed as a neighborhood grocer of more