Fri.Dec 02, 2022

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Dollar General Plans to Open 1,050 Locations in 2023

Retail TouchPoints

Dollar General is continuing its rapid expansion into fiscal 2023 with plans for 1,050 new stores, following a successful Q3 2022 when sales rose 11.1% to $9.5 billion. The quarter, which ended Oct. 28, also saw a 6.8% increase in same-store sales driven by larger basket sizes and a small increase in traffic. “We are thankful to our team for their continued dedication to serving others, particularly in a challenging economic and operating environment,” said Jeff Owen, CEO of Dollar General in a

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Family Dollar lowers prices to compete with Dollar General

Retail Wire

Family Dollar is cutting prices in an effort to win over cash-strapped consumers from competitors such as Dollar General. The chain, according to analysts, has dropped its prices by around five percent since going public with its initiative in August. Family Dollar’s prices are often between 10 and 15 percent higher than Dollar General’s.

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Rite Aid Opens First of 3 Small-Format Pharmacies in Underserved Communities

Retail TouchPoints

At approximately 3,000 square feet, Rite Aid ’s newest store is much smaller than its average 11,000- to 15,000-square-foot location, but it’s likely to have a big impact on the community of Craigsville, Va., a town of less than 1,000 people. The retailer plans to open two more small-format stores in Virginia — one in Greenville in December and another in Scottsville early in 2023.

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Ulta Beauty posts nearly 15 percent gain in same-store sales

Retail Wire

Ulta Beauty’s same-store sales were up 14.6 percent year-over-year in the latest quarter. Dave Kimbell, Ulta CEO, said that the chain saw increases in sales from customers across all income levels. “While it’s hard to know with certainty if we are starting to see consumers trade down — as the only beauty retailer that offers a wide variety of prices from entry-level mass to high-end luxury and everything in between, Ulta Beauty is uniquely positioned to capture any consumer shifts within p

Consumer 130
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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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How 85-Year-Old Economy Candy Taps into Social Trends but Stays True to its Roots

Retail TouchPoints

Slime lickers might not be everyone’s cup of tea; in fact, you might not even know what they are. But if you did happen to want slime lickers (as many people apparently did during the pandemic) there’s one place you’ll be sure to find them — Economy Candy in New York City’s Lower East Side. Slime lickers, in case you were wondering. For more than 85 years, Economy Candy has been a reliable purveyor of all things sweet, from classic favorites to hard-to-find exotic confections and even viral phen

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Dollar General notes changes in customer behavior

Retail Wire

Dollar General posted a better-than-expected gain of 6.8 percent in same-store sales despite seeing a decrease in the number of items that are being purchased on shopping trips. The chain said that its gross margin declined 0.3 percent as a result of higher supply chain costs. “Customers also continued to shift spending to more affordable options such as items at our dollar price point and private brands, while also shopping closer to payday at the first of the month,” said Dollar General CEO Je

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Viva Magenta Named 2023 Pantone Color of the Year

Small Biz Trends

? Pantone has named Viva Magenta as its Color of the Year 2023. Viva Magenta is described as “a nuanced crimson red tone that presents a balance between warm and cool.” For designers, Viva Magenta is PANTONE 18-1750. Pantone gave a bit more colorful description of its top color choice for 2023. The Pantone Color of the Year 2023 announcement was made on a live video stream at the company’s website.

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Beekman 1802 Takes Live Shopping Program to the Next Level with NYC Event

Retail TouchPoints

Beekman 1802 holiday pop-up at Live Rocket Studios. Beekman 1802 holiday pop-up at Live Rocket Studios. Beekman 1802 holiday pop-up at Live Rocket Studios. Goat milk skincare brand Beekman 1802 took off in 2014 when it debuted on QVC and HSN. While it continues to have a loyal following on those platforms, the brand is now branching out into livestreaming with the help of a former HSN executive.

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20 of the Most Profitable Small Businesses in 2023

Small Biz Trends

If you’re looking for a business opportunity that is both profitable and has a lot of growth potential, you’ll want to consider starting one of the businesses on this list. These 20 small businesses have the potential to be some of the most profitable businesses in 2023, and there’s still time to get in on the action. Let’s get started!

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Walgreens Debuts 24/7 Same-Day Delivery from 400 Stores

Retail TouchPoints

Walgreens is upping the ante on same-day delivery with the debut of a new 24-hour, 7-days-a-week service in nearly 400 locations across the U.S. Customers can now order from Walgreens.com/SameDayDelivery or the Walgreens app to receive an assortment of more than 27,000 items delivered in as little as one hour , no matter the time of day. Customers will have the option to select the nearest 24-hour location to place their order, which will be fulfilled if they are in delivery range.

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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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Small Business Grants with a December Deadline

Small Biz Trends

With 2022 drawing to a close, it’s the last chance for businesses to apply for many helpful grant programs. Small business grants are useful all year long. But the extra funds can be especially important for planning major projects in the new year or reaching financial goals for 2022. Here are several opportunities you can still apply for in December.

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How the Kroger-Albertsons Merger is Accelerating the Need for a Unified Retail Ad Network

Retail TouchPoints

There are a growing number of retailers competing for their share of available advertising dollars, and a big player in retail media has just upped the ante. The recent Kroger-Albertsons merger announcement sent shock waves through the retail and consumer packaged goods (CPG) industries, with the move cornering approximately 19% of the U.S. grocery market.

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U.S. economy added more jobs than expected in November

Retail Wire

Employers added 263,000 jobs in November, higher than the 200,000 that economists surveyed by Bloomberg were expecting. The national unemployment rate held steady at 3.7 percent.

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December is National Write a Business Plan Month

Small Biz Trends

Before you jump right into business ownership, you need a plan. Since December is National Write a Business Plan Month, it’s the perfect opportunity to determine the steps and strategies needed to propel your ideas forward. While there are many types of planning that tend to benefit new entrepreneurs, the traditional business plan is often the first step.

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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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Shopify called upon to de-platform anti LGBTQ site

Retail Wire

Libs of TikTok sells merchandise with messages that push back against policies that give LGBTQ individuals the same rights as others in society. The site on the Shopify platform sells t-shirts and mugs targeted at schools with phrases such as “Stop Grooming Our Kids.” Media Matters of America says that Libs of TikTok messages violate Shopify’s “Acceptable Use Policies” against promoting or condoning “hate or violence against people based on race, ethnicity, co

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In the News: Grants for Daycares and Other Small Businesses of $2,000 to $50K Available Now

Small Biz Trends

When grant opportunities addressing a specific industry segment become available, it gives you a better chance of winning said grant. This is especially the case if the grant is location specific, such as a city, county or even state. Granted the more applicants there are, the lower your chances get. However, it is important to consider this is free money.

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Grads want stability as they enter the job market

Retail Wire

A survey of 1,4000 current college seniors and recent graduates finds that 73 percent are looking for stability when they interview for a job. “In the past, students were often looking for location, they were looking for brand name,” said Christine Cruzvergara, head of education strategy for Handshake. Today, “there’s a practicality to how people are looking at their job search.”.

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The Best Pallet Jacks For Your Business

Small Biz Trends

Pallet jacks are vital pieces of equipment for warehouses, convenience stores, storage facilities, and many other types of businesses. They are meant to aid to haul and maneuver heavy loads, such as inventory, and can be raised and lowered to help with stocking and shelving. What is a Pallet Jack? Pallet jacks, also known as pallet trucks or hand trucks, are a basic form of a forklift.

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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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White collar retail workers caught up in recent job cuts

Retail Wire

Amazon.com, H&M and Walmart have all reduced white collar jobs in an effort to bring expenses in line with revenues. ZipRecruiter reports that the biggest decline in job postings since June has been in white color positions.

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Pantone Names “Viva Magenta” Its 2023 Color of the Year

VMS

Pantone (Carlstadt, N.J.) has announced “Viva Magenta” as its 2023 Color of the Year. The color consultancy says the crimson red tone presents a balance between warm and cool, dubbing it “an unconventional shade for an unconventional time.”. “In this age of technology, we look to draw inspiration from nature and what is real. PANTONE 18-1750 Viva Magenta descends from the red family, and is inspired by the red of cochineal, one of the most precious dyes belonging to the natural dye family as wel

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Are Varied Payment Options the Main Thing that eCommerce Businesses Should Implement?

365 Retail

The eCommerce industry is still an excellent option for start-up businesses to get into in 2022 and beyond. Mobile eCommerce revenue alone topped $3.56 trillion in 2021, and that figure is going to continue swelling in the future. With the industry being so saturated, business owners that want to succeed need to make sure they do everything they can to win customers over.

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Dollar General Plans 1050 New Stores in ’23

VMS

Dollar General Corp. (Goodlettsville, Tenn.) says it plans to open roughly 1050 new stores in 2023 – about 50 less stores than it opened in the current year. The fast-growing discount retailer included that figure in its earnings release for the quarter ended Oct. 28. “For fiscal year 2023, the company plans to execute approximately 3170 real estate projects in the United States, including approximately 1050 new store openings, 2000 remodels, and 120 store relocations,” the company says in its r

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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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Trending Spring Fashion & Accessories

Independent Retailer

It is that time to start dreaming of warmer weather and getting your customers ready with everything they need for their planned vacations. From tote bags and flashy sandals to unique statement jewelry pieces, Wholesale Central has retailers covered with some of our favorite spring fashion and accessories: Scarlett Necklace. A must-have statement piece next season, this Scarlett Necklace features a bold and colorful cascade of hand-carved tagua pieces.

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Dick’s Sporting Goods Hires Best Buy Exec

VMS

Dick’s Sporting Goods (Pittsburgh) announced that Ray Sliva will join it as Executive VP, Stores, effective Jan. 3. Most recently, Sliva served as chief people officer at Best Buy (Richfield, Minn.), where he was responsible for leading all employee engagement initiatives. Prior to that, he was the electronics retailer’s president of retail, responsible for U.S. sales across all customer touchpoints, including in-home consultations, Best Buy for Business, digital sales and nearly 1000 bric

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Yinka Ilori draws on "unapologetic" architecture of Burkina Faso for debut pop-up shop

Dezeen

Modular display stands modelled on buildings in Burkina Faso feature in the first brick-and-mortar shop that London-based designer Yinka Ilori has created for his self-titled homeware brand. Taking over a compact retail space in Shoreditch in the leadup to Christmas, the pop-up shop features a colour-block interior designed to match the products on sale, as slime-green walls clash with pink and orange flooring.

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Santa takes Elizabeth Line to Selfridges

A1 Retail

Selfridges’ Santa and his Christmas Pudding Disco Dancers commute to Selfridges London via the new Bond Street Elizabeth line station to provide festive entertainment and moments of magic for customers this Christmas. This week, Santa arrived at the new Bond Street Elizabeth line station on his way to Selfridges London to provide festive entertainment and moments of magic for customers.

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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

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Embrace the New Way to Work Globally

LS Retail

©iStock/gorodenkoff Technology has enabled collaboration across borders and time zones, and workers and companies alike are embracing remote work like never before. In fact, according to Gartner, by the end of 2022, 31% of all workers worldwide will be fully remote or hybrid. The U.S. is leading the way, with remote employees accounting for 53% of the U.S. workforce.

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December Retail Industry Insights

Independent Retailer

With the busiest buying season of the year in full swing, we hope you are feeling the holiday spirit from your head to your mistle-toes. Even though things may look a little different this year in terms of what consumers are buying and how much money they are spending, studies are showing that retail spending numbers are still up. Slow Holiday Sales Growth.

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Ulta ‘uniquely positioned’ to weather inflation

Retail Dive

CEO Dave Kimbell said the retailer has seen no evidence of trading down and is benefiting from its wide array of price points.

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MADL helps community groups become World Cup winners

Talking Retail

With the World Cup well underway, Nisa’s Making a Difference Locally (MADL) charity is celebrating the football with a sporting themed giveaway. The Sports in the Community initiative will see almost £40,000 handed out to 32 individual sports teams across the UK enabling them to purchase new kit and equipment. Nisa retailers have been nominating. This story continues at MADL helps community groups become World Cup winners.

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Planning the Architecture of Your Modular DXP

Are you considering moving away from a monolith platform and over to composable architecture? Join experts from Google Cloud, GroupBy, and Orium as they discuss the benefits of moving to a modular digital experience platform. In this masterclass, uncover key indicators that show your brand is ready for a modular DXP, and learn how to lay the foundation for composable commerce.