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Wellness booms and so does the share price of pharmaceutical retailers

Inside Retail

Wellness has become a priority for people in the wake of the pandemic as evidenced by the surge in demand for health and well-being products, which is projected to reach $5.2 trillion in managed assets. billion by 2030. Chemist Warehouse recently opened its first Irish superstore earlier this month.

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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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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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“We have a lot of rebuilding to do”: Julie Mathers’ return to Flora & Fauna

Inside Retail

Just shy of a month since beauty conglomerate BWX fell into receivership, its e-commerce arms, Flora & Fauna and Nourished Life, have found a new home. Well, kind of. Mathers explained that all three brands play within the same space of ethical and sustainable health and wellbeing, but each brings their own twist on the formula.

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Hy-Vee awards $50,000 in grants to minority businesses

Mass Relators

Category: Innovation & Technology 1 st place – $5,000: Altruize, Beloit, WI About: Altruize is the first data management platform that is volunteer driven creating a centralized database with verified volunteer activities and easily accessible by all parties involved for seamless.

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Dilmah CEO Dilhan Fernando on how Gen Z is breathing new life into tea

Inside Retail

In the global tea category, we’re very much a speciality tea in a market that has become commoditised – and that was accelerated by the GFC, which led too many wonderful owner-operators and family-run businesses to change hands and so we’ve had the emergence of several large operations that control the category.

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Proudly made in China: How Chinese consumers are reclaiming domestic brands

Inside Retail

A demand for counterfeit goods was thus sparked, fuelling a boom for local manufacturers and leading China to become the top global market for the production and sale of fake goods. These brands, often unique or even unknown to the market, satisfied the desire for individuality. The Decline of the West.

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