The Shelf Talker
J. Crew contemplating major changes to survive
J. Crew recently reported a second quarter total revenue decline of 4%. CEO Mickey Drexler, consultants, and owners struggle over strategy. It seems clear that lower-priced brands in the portfolio (GAP, Madewell) are cannibalizing sales.
For the first time, Nielsen opens CPG data to connected partners on a broad scale
Tied to a deeper global technology investment for client growth, the Nielsen Connected Partner Program is a managed network of companies who serve CPG manufacturer and retail clients using data shared under a set of data release rules. Nielsen’s CPG data is the most robust retail and shopper information available in the world.
Target Plans to Have In-Store Vertical Farms
Starting with leafy greens Target will be the first retailer to grow its product in-store. Food from the in-store gardens will be on sale starting spring 2017.
Macy’s teams up with electronics retailer Brookstone to ignite holiday sales
In the era of large department stores becoming burdens for retailers, Macy’s is particularly over-stored. They are not without a plan though (Sears?). This holiday season you will find Brookstone products in your local Macy’s, as well as an Apple store if you live near Herald Square, NY.
More on Macy’s plan: RetailDive
Hannaford to buy two Bud’s Shop’n Save stores in Maine
The two stores, located in Newport and Dexter, are expected to change hands in early December. Hannaford said not much would change at the acquired stores.
Read More: SuperMarketNews
Humanoid Robot Could Work in a Retail Store Near You
Pepper the robot is currently giving car specs in Nissan showrooms, talking coffee at Nescafé stores, and chatting about smartphones in SoftBank Mobile stores in Japan. The robot even interacts with customers at several banks in Taiwan and helps shoppers select wine at Carrefour grocery stores in France. Cost = $18,000 to $20,000
The Future: Inc.
Product Packaging Trends for 2016 & Beyond
The top product packaging trends predicted for this year are transparency, reusable, options, and flexibility. While the first 3 trends are obvious; flexibility refers to product packaging. Consumers and retailers prefer flexible packaging now because it takes up less space and can be fit into more places.
In-Depth Explanation: ProgressiveGrocer
Groceries may be cheaper, but farmers and supermarkets feel the pain
Supervalu said last week that second-quarter revenue fell 4.8% as prices tumbled 4% to 6.5% at its two chains. And citing food deflation, Kroger last month lowered its earnings outlook and said it’s cutting capital investments by $500 million in 2016 and 2017.
Wal-Mart to Invest $25 Million in China Food Safety Research
The world’s largest retailer seeks to strengthen its foothold in the country more than two years after it was hit by high-profile product scandals. The funding will support projects in applied science, education and communications.
Apple Retail Chief Angela Ahrendts on Turning Stores Into Town Squares
Angela views the company’s retail outlets not just as stores, but as the company’s next big products. There’s a new team employed in the stores, called creative pros, who are solely available to teach customers skills such as how to take better pictures with their iPhone’s camera. The town halls will also host coding classes and other events the community can benefit from.