Fri.Feb 10, 2023

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Reuters: Kroger and Albertsons Seek Sale of Up to 300 Stores to Ease Merger Concerns

Retail TouchPoints

Kroger and Albertsons Companies are reportedly working on plans to sell between 250 and 300 of their combined 4,996 stores in order to alleviate U.S. antitrust concerns regarding their merger, people familiar with the matter told Reuters. The move is aimed at easing regulators’ concerns that the deal could lead to grocery price hikes during a time of heavy inflation.

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Adidas says Ye debacle could cost brand more than $1 billion in sales

Retail Wire

Adidas’ split with Ye, formerly known as Kanye West, could cost the company $1.3 billion in sales this year. The sportswear brand severed its relationship with Ye following a series of antisemitic statements made by the rapper and entrepreneur.

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Albertsons Launches Health and Wellness Platform Across 16 Banners

Retail TouchPoints

Albertsons has introduced the Sincerely Health platform, built in collaboration with healthcare providers, insurance and technology companies and using insights gathered from more than 10,000 customers and associates. The platform is accessible on the websites and apps of 16 of the supermarket giant’s banners, including Albertsons , Shaw’s, Safeway, Vons, Jewel-Osco, Acme and Tom Thumb.

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Economists rethinking recession forecasts

Retail Wire

The U.S. economy has proven more resilient than many economists expected with job growth continuing despite layoffs and consumer spending remaining relatively strong in the face of inflation.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Dick’s Plans 200 Gear Trade-In Events for First Half of 2023

Retail TouchPoints

Dick’s Sporting Goods is expanding its partnership with online marketplace SidelineSwap , with plans to host a series of 200 sports gear trade-in events across 19 states in the first half of 2023. Dick’s first teamed up with SidelineSwap — a peer-to-peer platform where athletes can buy and sell used sporting goods — in 2022, and the duo hosted 60 trade-in events throughout the year.

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Kroger and Albertsons plan to divest stores to get FTC merger approval

Retail Wire

Kroger and Albertsons are looking at selling between 250 and 300 stores in a strategy to gain approval from the Federal Trade Commission for their planned merger. The two supermarket giants operate 4,996 stores combined.

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Purina recalls prescription dog food

Retail Wire

Purina has recalled its Pro Plan Veterinary Diets EL Elemental (PPVD EL) prescription dry dog food over concerns that it may contain elevated levels of vitamin D that could lead to kidney dysfunction or other medical issues.

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‘MetaBirkin’ NFT creator to appeal Hermès trademark verdict

Retail Dive

A jury ruled against Mason Rothschild and his drawings of fur-covered luxury bags. His attorneys say the new technology doesn’t cancel the First Amendment’s protection of artwork.

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Dairy Queen promotes St. Patrick’s Day ice cream treats

Retail Wire

Dairy Queen is bringing back its shamrock-colored Mint Brownie Blizzard Treat for St. Patrick’s Day. It is also debuting the Under the Rainbow Shake, which blends strawberry flavor and rainbow sprinkles with its vanilla soft-serve ice cream.

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Online prices fall for fifth consecutive month: report

Retail Dive

January online prices fell 1% year over year, and “e-commerce will be an important battleground” in 2023, according to Adobe.

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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

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Canopy Growth cutting 60 percent of its workforce

Retail Wire

Canopy Growth, the second-largest producer of marijuana in Canada, said it will cut about 60 percent of its workforce because of disappointing results. The company points to black market competition as a major factor in lower-than-expected sales in Canada. “Today, there are two very different cannabis markets in Canada. One that’s legal, highly taxed and regulated, and one that’s thriving and illicit,” said CEO David Klein. “That has meant that the $7 billion marijuana market that was supp

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New Balance brings new store concept to Boston

Retail Dive

The concept, which first launched in China last year, has a curated merchandise selection meant to appeal to a younger audience.

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Vita Coco says its drinks work as a cocktail ingredient and hangover remedy

Retail Wire

Vita Coco’s coconut water products will be part of a new canned cocktail drink developed with Diageo. The brand will also promote the products as a remedy for hangovers caused by too many cocktails or other alcoholic beverages.

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Bark lays off 12% of full-time workforce

Retail Dive

The job cuts, which affect 126 employees, are intended to reduce costs as the online pet retailer works to reach profitability.

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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Alcoholic beverages and legal betting spots to fill Super Bowl broadcast

Retail Wire

Anheuser-Busch InBev, Diageo, Molson Coors, Heineken and Rémy Cointreau will all be running commercials during the Super Bowl broadcast. DraftKings and FanDeule will also be advertising their legal gambling sites.

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The Weekly Closeout: Panera debuts baguette bag and Adidas navigates celebrity partner fallout

Retail Dive

The chain restaurant released a $39.50 purse and the sports retailer made recent headlines regarding its work with Beyoncé and Ye.

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Slowbalization After Global Financial Crisis

LS Retail

©iStock/Anna Shalygina Globalization has seen ebbs and flows over the decades. According to the International Monetary Fund (IMF), the “Slowbalization” that followed the global financial crisis has been characterized by a prolonged slowdown in the pace of trade reform, and weakening political support for open trade amid rising geopolitical tensions.

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EBay lays off 500 workers

Retail Dive

Amid economic uncertainty, the retailer is cutting jobs to invest in new technologies and support innovation.

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Forrester Report: Demystifying The Technical Functions of POS Solutions

Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

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Four New Tenants Join LaCenterra at Cinco Ranch in Metro Houston

Shopping Center

Katy, Texas —Four new tenants will join LaCenterra at Cinco Ranch, a retail center located in Katy, roughly 30 miles west of Houston, with openings scheduled through summer of this year. Restaurants The Crack Shack and Nando’s will lease 4,065… The post Four New Tenants Join LaCenterra at Cinco Ranch in Metro Houston appeared first on Shopping Center Business.

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Superdry launches premium menswear label, Merchant Store

Retail Times

Heavy-duty materials and classic detailing come together in a workwear-inspired collection that’s rich in heritage, style, and function. This is Merchant Store by Superdry – a sturdy blend of hand-honed craftsmanship and classic shapes in a menswear collection that’s built to last.

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Retail Center in Blue Springs, Missouri Trades Hands in $6.9 Million Transaction

Shopping Center

Blue Springs, Mo. —Copperleaf Village, located in Blue Springs, about 19 miles southeast of downtown Kansas City, has been sold for $6.9 million. The 32,978-square-foot retail center was 82 percent leased at the time of sale. Tenants include medical, dental,… The post Retail Center in Blue Springs, Missouri Trades Hands in $6.9 Million Transaction appeared first on Shopping Center Business.

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The Deck opens its doors to a new store on Savile Row

Retail Times

The Pollen Estate is delighted to announce the opening of the new store from The Deck on Savile Row. Relocating from number 19 to 32 (one of the largest shopfronts on the esteemed tailoring street), this move constitutes the rapid rise of success for the female-led tailoring brand, simultaneously cementing its status as a leading player in the global sartorial scene.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

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Marcus & Millichap Brokers $19.3 Million Sale of Shopping Center Near Philadelphia

Shopping Center

Vineland, N.J. — Marcus & Millichap has brokered the $19.3 million sale of Maintree Shopping Center, a 138,445-square-foot retail center located in Vineland, approximately 40 miles southeast of Philadelphia. Acme anchors the center, which was originally built in 1996. Other… The post Marcus & Millichap Brokers $19.3 Million Sale of Shopping Center Near Philadelphia appeared first on Shopping Center Business.

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Hy-Vee gives $50,000 in grants

Mass Relators

MINNEAPOLIS — Hy-Vee Inc. awarded $50,000 to local minority- and women-owned businesses during the Hy-Vee OpportUNITY Inclusive Business Summit at U.S. Bank Stadium. Wednesday’s event was the third summit Hy-Vee has hosted in support of underrepresented groups to provide these business owners with access to funding and valuable business development resources.

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Coro Realty, Pope & Land Sell Shopping Centers Totaling 120,000 Square Feet in Metro Atlanta

Shopping Center

Alpharetta, Kennesaw and Roswell, Ga. — Coro Realty and Pope & Land Enterprises have sold three shopping centers totaling 120,000 square feet in metro Atlanta. The joint venture acquired the properties as a portfolio in February 2020, purchasing them from… The post Coro Realty, Pope & Land Sell Shopping Centers Totaling 120,000 Square Feet in Metro Atlanta appeared first on Shopping Center Business.

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DCS Group launches CoreRange.com – a bespoke insight website for retailers

Retail Times

DCS Group, the UK’s leading distributor of household, health, beauty, baby, and healthier snacking brands, has launched a new and free to use online website called www.corerange.com to specifically help convenience retailers navigate their way through the personal care, babycare, healthcare and medicines, laundry and household, healthier snacking and pet care categories.

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The Personalization Playbook: 2024 Strategies

Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

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Amazon Launchpad New Arrivals – February 2023

Retail Bound

With Valentine’s Day right around the corner, there are many great products that recently launched on the Amazon Launchpad platform as possible gifts for your sweetheart! Every month, our team checks out new arrivals on the Amazon Launchpad and highlight the products we feel that are innovative, solves a problem or issue, and has potential in retail someday.

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Sensational comeback: Frankfurt consumer goods fairs set international benchmark

A1 Retail

Great reunion joy in Frankfurt for Ambiente, Christmasworld and Creativeworld 2023. Photo: Messe Frankfurt/Jean-Luc Valentin. The leading international consumer goods fairs Ambiente, Christmasworld and Creativeworld have joined forces for the first time from February 3-4 to 7, 2023, to inspire as the global hub for upcoming lifestyle trends. They reflect the increasing merging of lifestyles and focus on the top theme of sustainability. 4,561 exhibitors occupied the entire Frankfurt exhibition ce

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LEON introduces £3.99 value meal deal

Retail Times

Naturally Fast Food restaurant LEON is set to launch two new tasty rice pots onto its All Day menu. The two rice pots BBQ Chicken and classic Black Bean Chilli celebrate iconic LEON flavours whilst providing an accessible option for guests on the go.

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Newell Brands taps new CEO amid sales decline

Retail Dive

The Yankee Candle and Sharpie owner recorded an 18.5% drop in net sales for the fourth quarter and said its chief executive would retire in May.

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How Personalized Customer Experiences Drive Retail Growth and Revenue

Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio