Digital grocery sales continue to rise
Delivery and pickup account for 48.3% and 51.7% of all digital grocery fulfillment, respectively, according to data from Incisiv and Wynshop. Digital grocery sales rose 10.6% in August compared with the month before, and digital basket size increased 8.5%. Read more …
Retailers are still opening stores in spite of recession fears
Despite fears of a recession, US retailers have announced 4,432 store openings compared with 1,954 closings so far this year. Read more …
In Spite of Worries About Inflation, Downturn, Retail Leasing Has Thrived This Year
Strong consumer spending over the past year has prompted retailers to open more stores than they closed. But concerns about rising inflation and the economy this summer have led some to hit the pause button on expansion for now, according to retail analysts. Read more …
What inflation means for retailers this year
Soaring inflation is poised to affect several aspects of consumers’ shopping habits, starting with the likelihood that many will make fewer trips to the store, Unity Marketing founder Pamela Danziger writes. Spending is likely to center on essential goods, and retailers can focus on improving customer service as a...
5 ways retailers are innovating curbside pickup
As consumers maintain shopping behaviors they adopted during the pandemic, retailers with an eye to the future are not only perfecting the curbside pickup experience to continue meeting consumer demand — they’re adding new perks and capabilities to make the service even more convenient. Extended hours, exclusive deals and...
US retail sales rebounded sharply in January
US retail sales grew 3.8% in January as a result of both higher demand and rising prices, according to the Commerce Department, beating economists’ forecast of about a 2% gain and surging back after a 2.5% dip the previous month. Online and other non-store retail sales grew 14.5%, and...
U.S. retailers announced twice as many store openings as closings in 2021
Major US-headquartered retailers announced more than 8,100 new store openings, even as the pandemic continued to broadly upend the industry and the global supply chain. The openings are more than double the number of closing announcements and a stimulus-driven rebound in consumer spending, pandemic-related lease renegotiations and balance sheet...
Retail predictions for 2022
While the challenges of supply chain disruptions, labor shortages and inflation concerns remain, NRF Vice President of Education Strategy Susan Reda says 2022 is poised to be a great year for retail. Customers are excited to return to stores, and retailers are focused on new ways to make the...
Retailers, Prepare for 2D Barcodes
The end of the Universal Product Code (UPC) is fast approaching, and both retailers and food and beverage manufacturers need to start planning for the future, according to GS1 US, the standards body that is preparing the retail industry to transition from linear barcodes to the data-rich 2D codes...