Retail News | The Moscoe Group

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

Apr 26
1 min

Meal Delivery Startup Well Seasoned Wants To Make It Easier To Put Meat On The Table

Forbes | April 26, 2021 Treiman in 2012 introduced the HelloFresh meal kit brand in the United States, and he steered its growth as chief operating officer until 2015. He currently is launching Well Seasoned, a direct-to-consumer company that sells pre-marinated, pre-seasoned cuts of meat delivered frozen and ready for the stove or grill. Research firm IBISWorld, in a May. 2020 report, said meal kit sales grew at an average annual rate of 28.9% between 2015 and 2020, to reach

Apr 7
1 min

TikTok Made Me Buy It

National Retail Federation | April 7, 2021 Since the pandemic began, TikTok has exploded on the social media scene. As of 2021, nearly 700 million people worldwide use the app monthly. Small business owners have been using to the app to showcase their products, highlighting what makes their products stand out. Businesses sell everything from jewelry, makeup and self-care products to keychains, upcycled clothes and self-defense tools. Small business owners, @CeoLiv and @KyloSq

Mar 24
1 min

Anthropologie Unveils First Digital-only Catalog on Pinterest

Retail Dive | March 24, 2021 Anthropologie, clothing and home furnishings retailer owned by Urban Outfitters, created its first digital-only catalog for its AnthroLiving collection on Pinterest. The digital catalog lets people browse Anthropologie's selection, pin their favorite items and create a digital pinboard of products to buy immediately or later. Pinterest in the past year has seen 80% growth in engagement with shoppable items amid the broader growth in e-commerce dur

Feb 24
1 min

Digital Startups Mark 10 Years in Business

National Retail Federation | February 24, 2021 2021 marks the 10th anniversary of brands such as Dollar Shave Club, Stitch Fix, HelloFresh, Chewy, Poshmark, The RealReal, The Honest Company and BHLDN. Ten years ago, “It was the beginning of the digital world,” says Marshal Cohen, chief industry advisor, retail, of The NPD Group. E-commerce in the fourth quarter of 2011 accounted for just 4.5 percent of total sales. Each business celebrating 10 years has made it by shifting an

Feb 23
1 min

Instacart is Moving Beyond the Grocery Store

CNN | Februrary 23, 2021 Instacart recently announced a partnership with Walgreens for same-day delivery on various products. Starting as a grocery delivery service, Instacart expands to delivering office supplies, sporting goods, makeup and other drug store essentials. Starting in Illinois, the partnership plans to expand to nearly 8,000 Walgreens stores. As online shopping shows no signs of stopping, both Instacart and Walgreens are looking for ways to reach new customers.

Jan 14
1 min

Lowe’s and Wayfair CEOs Plan for the Unknown

National Retail Federation | January 14, 2021 Marvin Ellison, president and CEO of Lowe’s, spoke with NRF president and CEO Matthew Shay; Niraj Shah, co-founder, president and CEO of online furniture giant Wayfair, discussed his company’s startling growth trajectory, and the foundation for maintaining it. Wayfair has been guided by the founders’ belief that there was a big online opportunity in the home category. Wayfair has a market cap of $24 billion; in December, 2020 sale

Jan 12
1 min

The Pandemic’s Impact on the Walmart Shopper

National Retail Federation | January 12, 2021 Ira Kalish, Deloitte’s chief global economist, and Janey Whiteside, chief customer officer at Walmart, discussed the effects of the continuing pandemic on consumer behavior, retailers and the overall economy. Deloitte’s point of view is that the economy will grow slowly in 2021, and that there will continue to be disruption in the consumer market. Looking at Walmart, “We saw five years of projected growth in pickup and delivery in

Jan 5
1 min

Consumers Spent Over $100B on Mobile Apps in 2020

Retail Dive | January 5, 2021 Sensor Tower reports 2020 as a year of unprecedented change in consumer spending. Global consumer spending on mobile apps and games surpassed $100 billion in 2020. It was the first time consumers spent as much in a single year. On Black Friday, mobile shopping, smartphone purchases increased by 25% to $3.6 billion, comprising 40% of all online spending. On Cyber Monday, consumers spent about $10.8 billion online, and mobile purchases comprised 37

Dec 27, 2020
2 min

For Most Retailers, a Holiday Performance That Transcends the COVID-19 Crisis

WWD | December 27, 2020 While digital sales have skyrocketed during the pandemic, foot traffic at mass chains, big-box retailers, warehouse clubs, groceries and pharmacies was strong during the holidays. It was a hardlines Christmas with home, electronics and appliances outperforming soft goods, with exceptions in activewear, sneakers and cozy apparel. Amazon said this holiday was “record breaking,” as was last year. Amazon said it delivered this year 1.5 billion products in

Dec 21, 2020
1 min

Walmart and Amazon Launch Return Options as Some Predict Holiday Onslaught

Retail Dive | December 21, 2020 After the large growth of e-commerce this year, logistics networks across the industry expect an increase of holiday returns. Retailers are anticipating consumers actions as shoppers behaviors shift amid the pandemic. Walmart has partnered with FedEx to allow online shoppers to return items from their homes. In-app features are added to make in-store returns faster. The new free service, Carrier Pickup by FedEx, lets customers set up an appoint

Dec 21, 2020
1 min

Video Game Becomes the Next Interior Decorating Service

National Retail Federation | December 21, 2020 Design Home and Glu Mobile are changing the game as they blur the line of reality and the screen. Design Home caters to the creative players who are able to decorate virtual rooms with products for purchase that could be delivered right to their doorstep. With upwards of 90 million downloads to date, according to Glu Mobile President and CEO Nick Earl, Design Home has a daily count of over 1 million users this year. Players rate

Dec 7, 2020
1 min

Ikea Eliminates Production of Catalog After 70 Years

Retail Dive | December 7, 2020 After 70 years, Ikea will end the production of its catalog, both print and digital, the company announced Monday. The move is part of an ongoing effort from Ikea to become more digital and accessible, and the company said it can better serve its customers through different channels, according to a press release. Since Ikea founder, Ingvar Kamprad, produced it himself in 1951, the Swedish furniture retailer has grown its iconic catalog to serve

Dec 4, 2020
1 min

Ecommerce Boom during Holiday Places Pressure on Fulfillment

WWD | December 4, 2020 As major carriers, UPS, FedEx and DHL, put in place holiday shipping restrictions amid the COVID-19 e-commerce boom, the retail industry faces a so-called “shipageddon” that could impact customer loyalty and cost retailers money. Shipping options and deadlines on most e-tail sites are being updated throughout the day; and, on Amazon, every minute. If shoppers are looking to mail gifts and packages themselves, the U.S. Postal Service, FedEx and UPS have

Nov 23, 2020
1 min

TJX to Launch HomeGoods E-commerce as the Category Fuels Stellar Q3

Retail Dive | November 23, 2020 In a performance that topped analyst expectations in several measures, off-price retailer TJX Cos., which runs T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense, third quarter net sales fell 3.2% year over year to $10.1 billion. Store comps, excluding e-commerce and locations closed due to the pandemic, fell 5%, according to a company press release. Total inventories as of Oct. 31 declined to $5 billion from $6.3 billion in the year-ago qua

Oct 28, 2020
1 min

Was Prime Day a Success Amidst the Pandemic? Here's the Recap!

Numerator | October 28, 2020 Amazon Prime Day is officially over this year and even with the two-month delay, Amazon's biggest sale event of the year delivered in spades. Usually scheduled for a mid-July date, Amazon Prime Day ran from October 13th through October 14th this year but the event didn't skip a beat. Some of the major takeaways from our Amazon Prime Day 2020 Report include: 36% of U.S. Households shopped on Prime Day, a significant increase from 23% in 2019 Near

Oct 27, 2020
2 min

Singles’ Day 2020: What Does It Mean?

Forbes | October 27, 2020 Singles’ Day in China (November 11) is the number one shopping day in the world. In 2019, Singles’ Day on Alibaba reached $38 billion, just over ten times the $3.5 billion Amazon reached in the U.S. on Prime Day this year. But will there be Covid-related developments or other twists? Covid and global economic turmoil means some downward pressure on brands. Some of the companies that could be participating are still working through Covid issues and ar

Sep 6, 2020
1 min

A New Marketplace Takes on Hallmark and Fills a Historic Gap in the Greeting Card Industry

Business Insider | September 6, 2020 Kutenda is an online marketplace platforming cards and gifts designed by artists and entrepeneurs from marginalized groups. The marketplace hopes to normalise the portrayal of the LGBTQ+ community, the BAME community, and those who identify as disabled in greeting cards. Founder, Avila Diana Chidume says they hope to "create a sense of belonging in a world created to not adequately provide representation." The young entrepreneur named the

Sep 2, 2020
1 min

The 3+ Ways Walmart+ Will Give Amazon Prime A Run For Its Money

Forbes | September 2, 2020 Walmart announced yesterday that it plans to debut its new Walmart+ subscription service on September 15, 2020. For $98 per year, Walmart+ members will have access to a number of shopping benefits with Walmart, including an Amazon Prime-like “unlimited” amount of free deliveries from its stores. Compared to Amazon Prime: Walmart+ is cheaper. Walmart+ is $98 per year, while Amazon Prime goes for $119 per year. Walmart also gives a 15-day trial period

Aug 21, 2020
1 min

Toys R Us Online Sales Now Supported by Amazon

Retail Dive | August 21, 2020 Amazon is now fulfilling orders referred to it by the new Toys R Us' website. Consumers browsing products on toysrus.com are now sent via a "view price now" or "check availability" button to Amazon's website, where they can make purchases. A little more than a year after its resurrection, and the new Toys R Us is still modest in scale. The retailer is back as a joint venture between TRU Kids and its intellectual property with the former chief me