Retail News | The Moscoe Group

4 days ago
1 min

Best Buy Making Play for Outdoor Grill, Accessory Market

StarTribune | June 15, 2021 Best Buy predicts consumers continuing to invest in their homes, including their backyards. The retailer now offers an expanded variety of grills. Outdoor offerings from Traeger, Weber and Ooni are already available in select stores and online. The retailer will soon be carrying more fire tables, more outdoor heaters such as those from Solo Stove, and outdoor furniture. The outdoor grill/oven market is expected to grow to $6.5 billion by 2025, acco

5 days ago
1 min

Target's Latest Remodels Are Making Your Target Run Even Easier

A Bullseye View | June 14, 2021 A key item on Target’s to-do list: Ramping up its investment in the easy, inspiring Target shopping experience Target guests expect. In 2021, Target is giving about 150 locations remodels, reimagining the shopping experience adding modern fixtures and the latest in health and safety, from touchless bathroom fixtures to hand sanitizing stations. Guests are loving Target's industry-leading same-day services, and in its latest round of remodels, T

5 days ago
1 min

Wholesale Grocery Retailer Boxed is Set to Go Public in $900 Million SPAC Deal

Business Insider | June 14, 2021 Boxed was founded in August 2013 by current CEO Chieh Huang along with Jared Yaman, Christopher Cheung, and William Fong. The wholesale grocery retailer and courier Boxed is set to go public in a deal with Seven Oaks Acquisition Corp., a special purpose acquisition company (SPAC), that would value the combined entity at nearly $900 million. The company provides bulk consumables to both businesses and consumers without requiring a store members

Jun 11
1 min

Chewy CEO Reports Pandemic Pet Trend is Ongoing

Retail Dive | June 11, 2021 With the level of uncertainty the pandemic brought on, consumers turned to pets as a source of comfort and the pet sector of retail has by and large thrived. Chewy has seen this continue reporting first quarter net sales growth 31.7% to $2.1 billion, driven by its growing customer base and "strength in purchasing behavior," CEO Sumit Singh said. Even as the economy begins to open up, the pet retailer added nearly 560,000 new customers from the prev

Jun 10
1 min

3 Things to Know About Father's Day 2021

National Retail Federation | June 10, 2021 As more of the country becomes vaccinated and local and federal restrictions lift, consumers are eagerly planning vacations, making reservations for dinner out and planning family gatherings for events like Father’s Day. The Father’s Day survey conducted by Prosper Insights & Analytics found that consumers plan to spend a record $174 on average on gifts for dads, granddads and other father figures. Consumers have a renewed interest i

Jun 10
1 min

How Netflix’s New Online Store Could Help It Take on Disney

Fast Company | June 10, 2021 Netflix opened an e-commerce site where you can buy things like caps, necklaces, hoodies, and, yes, underwear—much of it branded with popular Netflix movies and TV series. The move is part of a larger push for the company to compete with Disney’s streaming business. Neflix.shop, which was built with Shopify, will start slow, offering products themed with only a few hit shows and then add more and more. Netflix may intend to build out revenue strea

Jun 9
1 min

Costco is Opening 5 New Stores This Summer, as Sales Continue to Boom After Lockdown

Business Insider | June 9, 2021 Costco plans to open five new US stores this summer. As many retailers are pulling back on physical stores, Costco is one of a few opening new locations. Sales boomed for Costco at the height of the pandemic in 2020, and have remained high. Total revenue for the year ended August 2020 was up 9% to $163 billion. In its most recent quarterly earnings results, reported at the end of May, revenue was up 21.7% to $44.38 billion. New stores will open

Jun 8
2 min

Black-Owned Beauty Brands are Finally Seeing an Increased Presence at Major Retailers

Fortune | June 8, 2021 When Rose Ingleton launched her own skincare line two years ago, she couldn't break into the big chains and was forced to use her own funds and get financial help from family and friends. But things changed after the nationwide Black Lives Matter protests last year. Ingleton reconnected with beauty chain Sephora and now her products can be found on Sephora’s website, Neiman Marcus and Saks Fifth Avenue. “There was this sudden awareness," Ingleton said.

Jun 8
2 min

Digital Expectations in a Physical World

NRF | June 8, 2021 Stores are being used in a different way. Jason Goldberg is the chief commerce strategy officer at Publicis Group and has been a go-to retail expert for industry leaders for years and discusses how the role of the retail store is changing for good. One of the interesting things about retail is which behaviors are sticking from pandemic trends and which behaviors are reverting to pre-pandemic ways. People have reimagined the purpose of stores from pick up op

Jun 7
1 min

GNC and Walmart in 'Exclusive' Tie-up in Stores and Online

Retail Dive | June 7, 2021 GNC announced "an exclusive agreement with Walmart" to sell a selection of its products. Men's and women's vitamins and nutritional products are available through more than 4,000 Walmart stores and online; the supplements retailer also plans to add sports nutrition and weight management products to the mix. "The future of the wellness industry has a place for everyone, and GNC is making a healthy lifestyle more accessible than ever by delivering qua

Jun 7
1 min

Introducing Opalhouse Designed with Jungalow

A Bullseye View | June 7, 2021 Justina Blakeney — Jungalow founder and longtime partner at Target is bringing Jungalow’s energy to the Opalhouse brand. Making a perfect fit, both brands use an eclectic blend of textures and colors, inspired by arts and crafts from around the world. Opalhouse designed with Jungalow will feature nearly 300 pieces, including bedding, bath, décor, furniture, wallpaper and more, starting at $10. The collection will begin to roll out in most Target

Jun 7
2 min

‘Ugly’ Produce is Finding a Second Life on Shelves of Major Grocery Chains

Fortune | June 7, 2021 Food waste comes in all shapes and sizes: banana peels, expired goods, not-expired but perceived-expired goods, and so much more. Of all food produced in the United States, 40% of it is thrown into landfills, where it rots and emits methane, approximately 15.1 percent of total methane emissions in 2019. Generated throughout the entire spectrum of the food supply chain, grocery retail is responsible for 14%. Grocers like Walmart, Albertsons, Kroger, and

Jun 3
1 min

Walmart Unveils All-in-One Associate App, Me@Walmart, and Gives 740,000 Associates Phones

Walmart News | June 3, 2021 A great customer experience starts with a great associate experience, and Walmart is rethinking how it can help associates succeed in their roles and for the future. Walmart announces Me@Walmart — a new app built in-house by Walmart Global Tech for U.S. store associates that provides features to simplify daily tasks, serve customers and plan for life outside of work. By the end of the year, Walmart plans to offer more than 740,000 associates a new

Jun 2
1 min

Target Deal Days is Back with 3 Days of Spell-binding Savings — No Membership Fee Required

A Bullseye View | June 2, 2021 Prepare to be amazed: Target’s biggest digital sale of the summer returns to Target.com June 20-22, and it’s going to be refresh-your-space, update-your-wardrobe, stock-your-pantry, pamper-yourself magic. New this year, Target Deal Days will span three full days. That’s an extra 24 hours of even more savings across Target’s entire assortment. “Target Deal Days is bigger and better than ever for all guests, with more days and ways to save, includ

Jun 2
1 min

Take Pride! Here’s How Target’s Recognizing Pride Month

A Bullseye View | June 2, 2021 It’s Pride Month: a time of affirmation and solidarity with the LGBTQIA+ community and a chance to reflect while seeking out joy together. From partnerships to sharing stories of self-discovery, Target commits to helping guests, team members and communities observe Pride. This year’s Pride assortment is Target's largest yet, with over 150 inclusive products available in all stores and on Target.com. The marketing campaign, created by Target Cre

Jun 1
1 min

Walmart Launches McClaren Farms -Quality Beef Options and Added Transparency to Customers

Walmart Newsroom | June 1, 2021 Kicking off grilling season, Walmart launches McClaren Farms beef — high-quality beef that will deliver value to shoppers in nearly 500 stores. McClaren Farms is the first launch from Walmart of its end-to-end Angus beef supply chain program. The new innovation also meets heightened demand for added transparency and sustainability. “The grocery business is always changing, and customers’ expectations are higher than ever,” said David Baskin, vi

Jun 1
1 min

Sephora is Betting that Social Commerce will Catch on in the US

Quartz | June 1, 2021 Last June, Sephora took a big step on Instagram debuting its Instagram shop. The 20 million follower count could now find and buy its beauty products directly through the social app. What it has learned in almost a year since speaks to both the challenges and potential for social commerce in the US. “Every indication is that it’s going to be big,” said Carolyn Bojanowski, Sephora’s general manager of e-commerce. In China the social-commerce market is wel

Jun 1
1 min

K-Pop Group BTS and McDonald's Launch Exclusive Meal and Clothing Line

NPR | June 1, 2021 Celebrity collaborations continue to generate buzz for McDonald's. Starting with the Travis Scott Meal, then J. Balvin also had a collaborative menu item. Now, the K-pop boy group BTS is joining in, the first collaboration to be available worldwide. The BTS Meal went on sale Wednesday and includes 10-piece Chicken McNuggets, a medium order of french fries, a medium Coke and sweet chili and cajun dipping sauces – two new flavors inspired by McDonald's South

Jun 1
1 min

One Way Companies are Concealing Higher Prices: Smaller Packages

The Washington Post | June 1, 2021 Consumers are paying more for a growing range of household staples in ways that don’t show up on receipts — thinner rolls, lighter bags, smaller cans — as companies look to offset rising labor and materials costs without scaring off customers. Economists and consumer advocates who track packaging expect “shrinkflation” to become more pronounced as inflation ratchets up, taking hold of such everyday items such as paper towels, potato chips a

May 27
1 min

Gap and Walmart Team Up to Unveil New Home Essentials Brand

Retail Dive | May 27, 2021 The home category got a boost last year, and now Walmart and Gap have formed a partnership on a home essentials brand dubbed Gap Home. The initial collection will be available exclusively on Walmart.com starting June 24. It includes over 400 products across the home decor, tabletop, bedding and bath categories, and is aimed at college dorms and homes. With work-from-home and lockdowns, the home textiles category took a 19% rise in 2020 and consumers