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Health & Wellness Products Win Over Customers

Independent Retailer

According to research from the Global Wellness Institute , the wellness industry was measured at $4.3 trillion in 2017, and is expected to grow at an impressive 10 percent annual pace through 2025, when it will reach $7 trillion. Home and Kitchen — 40% online and 27% in-store. Electronics — 37% online and 41% in store.

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Walgreens to Host Virtual Supplier Diversity Summit

Retail TouchPoints

Walgreens will use the Summit to increase sourcing from suppliers that are at least 51% owned, operated and managed by people who are disadvantaged, disabled, military veterans, LGBTQ+, minorities and/or women.

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API rejects “opportunistic” $687m Wesfarmers bid

Inside Retail

The board said the bid’s timing was “opportunistic”, given the impact Covid-19 has had on its retail division, and that it is well placed to bounce back from any short-term struggles with substantial growth expected in the medium-term due to its place within the health, wellness and beauty sectors. “[We]

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Fabletics, Tough Mudder Team Up for Pop-ups, Custom Apparel and Experiential Offerings

Retail TouchPoints

Fabletics plans to participate in several events for the 2021 and 2022 Tough Mudder seasons, including exclusive on-site experiences curated for participants. The brand also recently announced its plans to open 24 new store locations across the U.S.

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Wellness booms and so does the share price of pharmaceutical retailers

Inside Retail

The business is reportedly valued at £7 billion and its parent company Walgreens was looking for up to £10 billion, to allegedly focus on its US-based businesses. Wesfarmers acquired Priceline’s parent company API in 2022 when CEO Rob Scott saw an opportunity to enter the fast-growing $25 billion health, well-being and beauty sector.

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Landsec’s New Research Emphasises Nature’s Role in Future Retail Environments

365 Retail

Landsec’s latest study underscores the critical importance of incorporating nature and biodiversity into the planning of UK cities to ensure they remain attractive places for living, working, and retail.

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4 Tips for Retail Businesses Hungry for Venture Capital Funding

Retail TouchPoints

In addition, every separate funding stage was down by 44% to 54% YoY, which shows investors are comprehensively assessing all current and potential investments at all stages of growth. From a business model perspective, we have found DTC to be a misnomer,” explained Sonia Nagar, General Partner at Pritzker Group Venture Capital.