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Grocery Delivery Will Stay a 'Splurge' Purchase Post COVID
Jan 14, 2021
Grocery Dive: "In a new survey by LendingTree, grocery delivery topped the list of pandemic-era splurges that shoppers say they plan to keep spending money on over the long run. 30% of the more than 1,200 consumers surveyed in December said they had spent money on grocery delivery to help them feel ...
Dollar General Will Pay Workers to Get Vaccine
Jan 14, 2021
WaPo: "Dollar General workers who get the coronavirus vaccine will be rewarded with four hours of pay, the company announced Wednesday, making it one of the first major retailers to incentivize inoculations for its workforce. While such major brands as Walmart and CVS have key roles in the distribut...
Consumers Rank Amazon #1 Preferred Grocery Source in Dunnhumby Survey
Jan 14, 2021
...rvey. These were driven by larger numbers of consumers turning to the retailers as sources for contactless grocery services as the novel coronavirus pandemic spread across the country. The customer data science firm also saw some regional grocery chains making significant gains during the pandemic a...
Media Buyer Survey: Amazon To Hit 11% Of U.S. Digital Ad Spend By 2022
Jan 14, 2021
MediaPost: In a Cowen survey of 52 senior U.S. media buyers, "60% said their ad spending was below normal in 2020 due to the COVID-19 pandemic, and 80% reported still spending below normal levels. About half of those ad buyers suggested normalized spend by mid ’21 and the remainder by the star...
Target Details Efforts Behind Strong Holidays Performance
Jan 13, 2021
... while delivering easy contactless fulfillment options through Drive Up and Shipt.” In regard to keeping in-store customers safe and following COVID-19 social- distancing guidelines, Target introduced its Pre-Trip Shopping Reservations to allow holiday shoppers to see whether there was a line ...
H-E-B's Ship-to-Home Service Still Suspended
Jan 13, 2021
...line store, stocked with 50,000 ready-to-ship products, in November 2015. The service was temporarily suspended in the early days of the coronavirus pandemic, as businesses shifted focus to get their communities through the life-altering situation. The store's Twitter account told customers in June ...
Whole Foods Gets More Criticism on Worker Issues
Jan 13, 2021
... in an email. The move comes roughly eight months after Whole Foods cut the extra $2 an hour in "hazard pay" for employees coming to work during the pandemic. Amazon in June announced $500 bonuses for workers, including at WF... The United Food and Commercial Workers Union, which does not represent ...
Wintour Addresses Kamala Harris Cover Controversy
Jan 13, 2021
...esident-elect really reflected the moment that we were living in which we are all in the midst — as we still are — of the most appalling pandemic that is taking lives by the minute,” Wintour said. “And we felt to reflect this tragic moment in global history, a much less forma...
Hudson to Use Amazon's Contactless Payment Tech in Some Airport Stores
Jan 12, 2021
...ourist destinations across North America. Eliminating checkout lines and waiting times at more of them could be appealing to consumers worried about COVID-19 in enclosed spots like shops... The pandemic accelerated Hudson’s digital strategy, including the rollout of next-generation stores and ...
Ht-Vee Totals $167M in Worker Bonuses, Benefits in 2020
Jan 12, 2021
...” which resulted in $28.3M shared in additional bonuses. Pharmacists and pharmacy technicians also received incentive pay amid the coronavirus crisis, employee-owned Hy-Vee said. Those assisted with the retailer’s rapid antigen COVID-19 testing were paid bonuses of $250 to $500 for parti...
SN Survey Finds Grocer Retailers' Confidence Strong
Jan 12, 2021
...cs as the economy, sales projections, store count and hiring, and, of course, the impact of COVID-19 as we get closer to the one-year mark since the pandemic first struck the U.S. More than 65% of retailers expressed that they are extremely or fairly confident in the strength of the overall economy ...
Insurrection Will Further Hurt News Sites' Advertising, But Not Suspect Social Sites'
Jan 12, 2021
.... Big brands and ad agencies were called out multiple times last year for avoiding running ads next to stories that included words like “coronavirus” or “George Floyd.” Advertisers do this using a controversial practice known as “keyword blocking,” which they say ...
Newspaper Groups Join Lawsuit To Stop Postage Hikes
Jan 12, 2021
...paper in the past 20 years. Digital rivals have lured away readers and advertisers, triggering a revenue decline that threatens many publishers. The pandemic made the situation worse, with newsrooms cutting more than 16,000 jobs last year, according to a study from the global outplacement firm Chall...
Vaccinations Are Opportunity for Drug Chains to Display Their Changes
Jan 11, 2021
...nesses and respond to huge changes in consumer behavior. Many driving forces behind drugstore visits have faded or flipped on their heads during the pandemic. More consumers get prescriptions delivered to the home or are skipping the doctor’s office and don’t need over-the-counter medica...
Experts Publish Report on Post-Pandemic Book Business
Jan 11, 2021
... The authors note that while the economy is forecast to grow in 2021, even amid considerable hardship and uncertainty, until the spread of the coronavirus is "significantly diminished for a sustained period of time" reliable economic forecasts are simply not possible... "The changes in the retail la...
Obama's 'Promised Land' Was 2020's Biggest Seller
Jan 11, 2021
PW: "In a year marred by a deadly pandemic and extraordinary political and racial strife, book sales soared, helped by a handful of major titles. Adult nonfiction books related to politics had another strong year—especially those by Obamas and those about Trumps. A Promised Land, the first vol...
New York Mag Announces New Editorial Roles
Jan 11, 2021
...l projects. Wallace-Wells has been the magazine’s deputy editor since 2017. As editor at large, he will devote more time to writing about COVID-19 and climate change, in addition to other topics."
WSL on What at Retail Will Stick and What Will Slip Post Pandemic
Jan 11, 2021
In sponsored content in WSJ, the WSL Strategic Retail consultancy highlights shopper habits that will continue after the pandemic: Willingness to pay for making shopping easier/less time consuming; the influence of "better for us" goods; the drivers behind store choices (just a third say they'll cha...
L.A. County Mulls 'Hero Pay' Bonus for Grocery Workers
Jan 7, 2021
...cized major chains including CVS and Kroger for what they viewed as insufficient compensation to essential workers in L.A. County, which is facing a COVID-19 surge this month"...
Unemployment Claims Down Slightly, to a Still-High 787K
Jan 7, 2021
ABC News: "The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months. Thursday's figure from the Labor Department, a slight decline from the previ...
Print Book Sales Rose 8.2% in 2020
Jan 7, 2021
...ales would collapse when pandemic-induced store lockdowns were imposed in the spring, sales never saw a serious decline despite the other effects of COVID-19 on the business. Online sales and sales through non-bookstore outlets more than offset declines at physical retailers. The industry received a...
Retailers, Business Leaders Excoriate Trump, Some Call for His Removal
Jan 7, 2021
...fend,” Mr. Timmons said in a statement. “Across America today, millions of manufacturing workers are helping our nation fight the deadly pandemic that has already taken hundreds of thousands of lives. We are trying to rebuild an economy and save and rebuild lives. But none of that will m...
How QR Codes Went from DOA to Killer App
Jan 7, 2021
...years, brands have begun taking another look at QR codes and some experts are now adding them to the list of technologies that the novel coronavirus pandemic has helped turn into a part of daily life. Contactless payment, pulling up digital menus, self-serve ordering, touchless shopping and contact-...
Raydiant Makes Case for the Return of the Store
Jan 7, 2021
... overall experience of shopping in person." •Because of the pandemic, "40% of respondents have visited physical locations less frequently since COVID-19 hit." •"Brand loyalty is lacking. 48% of respondents said they have replaced products they typically purchase at physical stores with com...
Lines Outside Grocers Expected to Return With New COVID Wave
Jan 6, 2021
RetailWire: "Lines outside grocers and big boxes seen at the beginning of the pandemic are expected to return in many locations as COVID-19 cases spike across the country. In California, regulations introduced at the beginning of December limit indoor capacity for retailers in some harder-hit areas ...
How QR Codes Went from DOA to Killer App
Jan 6, 2021
...years, brands have begun taking another look at QR codes and some experts are now adding them to the list of technologies that the novel coronavirus pandemic has helped turn into a part of daily life. Contactless payment, pulling up digital menus, self-serve ordering, touchless shopping and contact-...
Nielsen: Omnichannel Shopping Here to Stay
Jan 6, 2021
Grocery Dive: "Omnichannel shopping, or shopping both online and in-store, grew by 50% last year as the novel coronavirus pandemic took hold, according to data published by Nielsen. The percentage of U.S. consumers surveyed who shopped "heavily or exclusively" online grew by 133% between September 2...
3 Big Traditional Grocers Expected To Be 2021 'Winners'
Jan 6, 2021
...observed. “The resilience of consumer demand and the ongoing ability of many brands to continue driving engagement and interest, even amid the pandemic, served as a huge testament to the retail landscape’s strength.” Mastercard said its SpendingPulse tracker pegged holiday retail s...
Travel + Leisure Sold to Wyndham Destinations for $100M
Jan 6, 2021
...n a $2.8B deal"... WWD: "Gifford told WWD that T+L, which is about to celebrate its 50th anniversary, has stuck to its monthly frequency despite the pandemic, making it the only monthly travel magazine in the U.S. Condé Nast Traveler published eight issues in 2020, the same as in 2019. T+L&rs...
Postal Delays, Looming Rate Hike Further Threaten Local Newspapers
Jan 6, 2021
...st: "The U.S. Postal Service has been under siege for months as record volumes of holiday packages and election mail ran up against a spike in coronavirus cases within its workforce, leaving the agency severely short-staffed. Nearly 19,000 workers were in quarantine at the end of 2020 after becoming...
CPG Retailers, Makers Have to Recalibrate for 2021
Jan 5, 2021
...ogresses. Meanwhile, brands and retailers have an opportunity to continue to deliver on the needs of consumers whose incomes remain unchanged by the pandemic and may even have more disposable income in 2021 after deferring the travel, dining and entertainment costs they anticipated in 2020. From hig...
Book Industry Stock Prices Down 4% in 2020
Jan 5, 2021
...rease in their stock prices compared to the beginning of the year. At the end of June 30, before the economy began to improve from the depths of the COVID-19-induced crash in the spring, the PWSI was down nearly 20% from the beginning of the year.The Dow Jones Industrial Average had a 7.2% increase ...
Power Shifted Among World's Grocery Players in 2020
Jan 4, 2021
... that the habits of many now working from home and spending more time at home as a consequence of lockdowns, will be perpetuated beyond the reach of COVID-19. Realtors are seeing extraordinary levels of demand for homes outside traditional urban hotspots, some of the world’s largest employers ...
Mercato Names New CMO
Jan 4, 2021
...commerce company, which specializes in independently owned and specialty food stores, has rapidly onboarded additional operators during the COVID-19 crisis"...
Nielsen: Omnichannel Shopping Here to Stay
Jan 4, 2021
Grocery Dive: "Omnichannel shopping, or shopping both online and in-store, grew by 50% last year as the novel coronavirus pandemic took hold, according to data published by Nielsen. The percentage of U.S. consumers surveyed who shopped "heavily or exclusively" online grew by 133% between September 2...
8 Key Grocery Industry Trends for 2020
Jan 4, 2021
...p particularly ripe for improvement. 2. Grocers will have to fight to retain share of food dollars, if vaccinations and other efforts to control the pandemic succeed and restaurants reopen. 3. The new robot-run Kroger/Ocado fulfillment centers could set a new bar for handling ecommerce. 4. Grocers w...
Books, Industry Showed Resilience During Unprecedented 2020
Jan 4, 2021
...fort and enlightenment during traumatic times, and an industry ever more consolidated around the power of Penguin Random House and Amazon.com... The pandemic halted and threatened to wipe out a decade of growth for independent bookstores, forced the postponement of countless new releases and led to ...
60 New Print Mags Launched in 2020, Despite Pandemic
Jan 4, 2021
... at home, bombarded by bad news. They are looking for diversions,” he said. The pace of the launces were also seemingly dictated by the health crisis. After 15 launches in the first quarter, startup activity came to a screeching halt in the April-June period when popular retail outlets for buy...
The Unexpected Consequences of the COVID-19 Christmas
Dec 22, 2020
... as the holiday season draws to a closes sales have been stronger than might have been expected given the economic and societal challenges caused by COVID-19. Heading into the final weekend prior to Christmas shoppers were spending freely amid an environment of reduced discounting which bodes well f...
Consumer Confidence Down Again in December
Dec 22, 2020
...ased from 84.3 in November to 87.5 this month... "Consumers' assessment of current conditions deteriorated sharply in December, as the resurgence of COVID-19 remains a drag on confidence," said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. "As a result, consumers' vaca...
Amazon, Target, Walmart Launch Last-Minute Delivery Upgrades
Dec 21, 2020
...the major US package carriers passed on December 15. And this year there may be more demand for last-minute ecommerce shopping since the coronavirus pandemic has caused many consumers to turn away from in-store retail"...
MBR's Lynch on Pandemic's Effects on the Newsstand, Magazine Ecommerce Initiative
Dec 21, 2020
...ged, and some of those changes are going to stick, but perhaps not all of them. Some of the things that businesses put in place as the result of the pandemic might have to be unwound as consumers start to change again. And additional opportunities will arise. Meanwhile, we’ve had some positive...
Opinion: 2021 Will Be Critical Year for Supermarkets
Dec 21, 2020
...ling to hold on to customer dollars that were slowly leaking away to other food retail formats and to fast-evolving restaurant operators. During the pandemic, those same qualities that had started to wear on consumers — the wide aisles, the overwhelming assortments packed with staple products ...
CDC Panel: Grocery Workers Should Have Priority Vaccine Access
Dec 21, 2020
...presents a victory for the food-retailing industry, which has spent months touting the essential role played by its workers as the nation fights the pandemic... That designation, if approved by the CDC, means people who work in supermarkets will be ahead of millions of other people in the United Sta...
New Hearst Magazines President On Print's Role, A Tough 2020
Dec 21, 2020
...n new ways... I’ve been in this industry for a while, [and 2020 has] probably been one of the toughest years that I’ve ever experienced. COVID-19 exacerbated the challenges that the magazine industry was facing and Hearst Magazines was not immune. But, Hearst is a very disciplined and re...
Grocery Consumers Rein in Holiday Spending
Dec 17, 2020
... 24% in September (Wave 5) and May (Wave 3) to climb eight percentile points in November, coinciding with the latest escalation of the public-health crisis. “Worry is back with a vengeance as consumers are being hit with multiple intersecting crises, at a time typically spent gathering with fa...
Buehler's to Pay Bonuses for Employees' Pandemic Service
Dec 16, 2020
...ed, but the retailer said all seasonal, part-time and full-time workers are eligible as long as they have been actively working through the COVID-19 pandemic and employed at the company for at least 90 days"...
November Retail Sales Dive Most Since April's Plunge, But Grocery Sales +1.9%
Dec 16, 2020
...tment reported that retail sales dipped 1.1% in November compared to last month -- the biggest drop since a historic plunge in April -- as new coronavirus surges restricted outings to stores and restaurants. However, retail spending — excluding food service — was still up 7.1% vs. a year...
Walgreens Teams with Verizon for Digital Boost
Dec 16, 2020
...st technology almost instantly and can focus on what matters to them most. The move comes as retailers become even more digitally-focused during the pandemic. Walgreen’s “digital transformation is focused on modernizing and digitizing our company to provide customers with seamless and pe...
Obituary: Newsstand, Publishing Veteran Irwin E. Billman
Dec 16, 2020
...cember 10 in Remsenburg, N.Y. His wife, Phia, reports that the family held a private service, in keeping with the safety precautions required by the pandemic. Billman, who earned a BS in economics at the University of Pennsylvania's Wharton School, served as EVP of the Penthouse Group during Penthou...
Trusted Media Brands Thriving During Pandemic
Dec 16, 2020
Excerpts from Trusted Media Brands CEO Bonnie Kintzer in a Q&A with Samir Husni: "Actually, our business has done really well during the pandemic, which I know is an amazing thing to hear. Our fiscal year began July 1 and we’re up in digital ad revenue by 25% and also overall company reven...
78% of Retailers Taking Extra Security Precautions for Holidays
Dec 15, 2020
... of these additional security precautions traced back to the pandemic, Tripwire found. More than a third (35%) of survey participants indicated that COVID-19 was entirely responsible for their retailer’s additional security investments leading up to the 2020 holiday season. Just 13% said that ...
Opinion: Books Make the Best Gifts
Dec 15, 2020
...a feeling of peace and accomplishment... Because the only way for bookstores to survive is for people to find a way to shop there, even as the coronavirus continues to surge"...
WWD Analyzes 2020 Print Frequency Cutbacks
Dec 15, 2020
...ine compared 45 print titles from publishers, including Hearst Magazines, Condé Nast and Meredith Corp., to help determine the effects of the pandemic on the industry. Hearst cut back the most of any major publisher, reducing the print frequency of every title except Country Living, Men's Hea...
Walmart, Discounters Positioned Strongly for 2021
Dec 14, 2020
...e numbers speak really strongly about the momentum,” Ohmes said. “And we think that's going to continue next year, even if hopefully the virus goes away."" Video interview embedded in article.
Costco Reports Strong Fiscal Q1
Dec 14, 2020
...increase. Costco’s sales are surging, and its profitability is up even as other retailers see some of the air come out of their results as the pandemic endures"...
Conde's International Management Continues Restructure, As Lynch Consolidates Power
Dec 14, 2020
...er priority. This year will end in a loss for the publisher, as it has in recent years, and [Lynch] set a goal to reach profitability in 2022... The pandemic has been damaging for the publisher, which still depends on print advertising for most of its revenue"...
Penske's WWD Cuts Jobs; DOJ Clears Merger With THR
Dec 14, 2020
...ces said. At least three WWD editorial staffers have been canned at the digital trade title as the fashion industry continues to get pummeled by the pandemic, which has consumers flocking to sweats instead of evening gowns, sources said. Retailers have also been hard hit, which has resulted in cuts ...
Digital To Account For 70% Of All Ad Spending By 2025
Dec 14, 2020
...ncludes increased engagement with Ecommerce: Ecommerce in the United States has jumped approximately 20% of total retail sales since the outbreak of COVID-19, compared to around 15% before it. While that may not sound like a huge change, that represents about five years of prior ecommerce adoption g...
Time Names Biden-Harris 'Person of the Year'
Dec 14, 2020
...ng of the two by artist Jason Seiler. “The task before the new Administration is immense. A pandemic to confront, an economy to fix, a climate crisis to tackle, alliances to rebuild, deep skepticism to overcome with many Americans dubious about unity with Trump voters, and an opposition party ...
Shopify Study Outlines 5 Big 2021 Retail Trends
Dec 10, 2020
...mers, in particular, are driving the upsurge in online shopping. 67% of those 18-34 have shifted more of their spending to online shopping since the pandemic began, vs. 54% overall. 2) Omnichannel features and experiences adopted by retailers in 2020 will revitalize physical stores--including local ...
Hy-Vee Offers Rapid COVID Testing
Dec 10, 2020
Grocery Dive: "Hy-Vee will offer rapid antigen COVID-19 tests at 47 pharmacies in the eight states where the grocer operates, allowing people to find out if they have the disease in as little as one to two hours, the company announced Wednesday. The first 18 locations began testing Thursday, and the...
Analyst: Conventional Grocers Face Tricky Start to 2021
Dec 10, 2020
... the year will be tougher with some of the difficult comparisons to this year, especially from pantry loading. I think from a share perspective, pre-pandemic, the conventional grocery channel had been growing slower than other parts of grocery retail. I think those same dynamics will come into play ...
Bloomberg CEO Upbeat About Post-Pandemic Outlook
Dec 10, 2020
...es in this year's second and third quarters... "if you have quality, trusted independent information, if you had information about the public health crisis and its impact on the economy, you were in significant demand"... Despite a “disastrous” Q2 for advertising, full-year advertising w...
H-E-B Named Grocer of the Year by Grocery Dive
Dec 9, 2020
...ary, reaching out to retailers and suppliers in China as well as Europe to figure out what was heading their way. The team simulated the impact of a pandemic on its roughly 400 stores in Texas and Mexico, marshaled extra supplies and established an emergency command center inside one of its warehous...
Village Market Sees 20% Fiscal Q1 Sales Gain
Dec 8, 2020
SN: "ShopRite operator Village Super Market reported continued strong sales momentum, fueled mainly by pandemic-driven consumer demand, for its fiscal 2021 first quarter, with net earnings rising over 30%.For the quarter ended Oct. 24, the Springfield, N.J.-based Wakefern Food cooperative member and...
Kroger Breaks Into Top 10 Ecommerce Companies
Dec 8, 2020
SN: "Riding the success of its ongoing investments in e-commerce and powered by a COVID-19 surge in online grocery sales, The Kroger Co. entered eMarketer’s annual list of Top 10 U.S. Retail E-Commerce Companies with $11.28B in sales this year. Kroger, the nation’s largest grocery chain,...
Kroger Sued for $85M by Hand Sanitizer Supplier
Dec 7, 2020
...der of hand sanitizer and antibacterial soap it made when consumer demand was surging for personal protective equipment due to the novel coronavirus pandemic. K7 Design Group, which manufactures and sells the “Ultra Defense” brand, alleges in the complaint filed Dec. 2 in the U.S. Distri...
Grocery Shoppers Shifting to Cheaper Brands
Dec 7, 2020
...39% of respondents said they shop for groceries more frequently and 43% have used a grocery store’s mobile app to place orders since the coronavirus outbreak began.“COVID-19 continues to impact today’s shoppers, who are searching for new ways to save money, especially in terms of g...
Stater Bros Restarts Hourly Wage Bonus for 5th Time
Dec 7, 2020
SN: "Amid the busy holiday season and a surge of COVID-19 cases in its home state, Stater Bros. Markets is temporarily reinstating its hourly wage incentive for frontline workers. The Southern California grocer said Friday reinstate that all hourly employees in its store, distribution, transportatio...
Kroger's Raises Guidance Despite Slowing Sales Gains
Dec 3, 2020
...idance," CFO Gary Millerchip said... "Looking toward 2021, we believe that our performance will be stronger than we would have expected prior to the pandemic when viewed as a two-year stacked result for identical sales without fuel growth and as a compounded growth rate over 2020 and 2021 for adjust...
Walmart to Pay $388M In Frontline Worker Cash Bonuses
Dec 3, 2020
... Club hourly associates in stores, clubs, distribution centers and fulfillment centers for their “sustained commitment to customers during the pandemic.” Part-time and temporary hourly workers will get $150, while full-time hourly associates will receive $300. More than 60% of Walmart&rs...
Dollar Stores Continue to Thrive, But Withholding Forecasts
Dec 3, 2020
... and Dec. 1. Still, the company did not provide a forecast for the rest of the year, like its peer Dollar Tree, citing the uncertainty caused by the pandemic. For Q3 ended Oct. 30, Dollar General posted sales and same-store sales that beat analysts’ expectations as people bought more on averag...
GroupM: Print Media Capped At $10B Ad Revenue, Even With Digital
Dec 3, 2020
..., the agency expects magazines to see a 20% decline in ad revenue to $8.7B this year, while newspapers will experience a 30% drop to $8.8B, with the pandemic having a disproportionately negative effect on print media. “There are still positive stories to tell, particularly for titles that shif...
Book Biz Supply Chain: So Far, So Good
Dec 2, 2020
... books give people something to do when they are isolated and help maintain mental health.” Business had been picking up at B&N before the virus began to surge in early November, and Daunt is uncertain about how strong foot traffic will be for the remainder of the year. But, he said, with ...
2021 Consensus Ad Outlook Improves; GroupM Describes 'K-Shaped' Recovery
Dec 2, 2020
...iness intelligence Brian Wieser writes that "much like the overall economy, the advertising industry is experiencing a K-shaped recovery – the pandemic has seen rapid acceleration for e-commerce and advanced digital services and cratered industries like restaurants, bars, travel, entertainment...
Is Cashierless Tech Ready for Prime Time?
Dec 1, 2020
The pandemic has juiced demand for automated checkout systems, and retailers are having positive experiences with them, but the technology still has to prove itself over the long term. Grocery Dive examines the pros and cons in-depth....
Stop & Shop to Hire 5,000
Dec 1, 2020
..., where the retailer operates more than 400 stores. The 5,000 new jobs come on top of another 5,000 positions announced at the start of the COVID-19 crisis in March, Stop & Shop noted. Overall, the chain said it has invested more than $121 million in its workforce during the pandemic, including ...
BookExpo, BookCon Are "Retired"
Dec 1, 2020
...; show organizer ReedPop announced today. BookExpo, along with BookCon and Unbound, will not be held in 2021 after being canceled in 2020 due to the pandemic. ReedPop, the pop culture event–focused subdivision of Reed Exhibitions, said that, given the “continued uncertainty surrounding i...
Forecast: Digital Ad Spend To Grow, Print To Stabilize
Dec 1, 2020
...xt year, after pulling back their spending by 29% in 2020.Restaurants and bars bore much of the brunt of the pandemic. If there are signs the health crisis has been contained, on-premise alcohol sales have a chance to bounce back. Total ad spending will rise 6.7% to $594.6B next year, partly offsett...
Unemployment Claims Up 78K; Millions Going Hungry
Nov 25, 2020
...han 100,000 from the first week in November... Washington Post: "More Americans are going hungry now than at any point during the deadly coronavirus pandemic, according to a Post analysis of new federal data — a problem created by an economic downturn that has tightened its grip on millions of...
Meatpacking Plants Tied to Early COVID Cases
Nov 25, 2020
... “local community transmission,” suggesting the plants act as “transmission vectors” and “accelerate the spread of the virus,” according to a peer-reviewed study published last week in the Proceedings of the National Academy of Sciences of the U.S... Trump issued ...
Category Management Faces Omnichannel Transformation
Nov 25, 2020
...ection” called Cat Man 2.0, which is focused on “the evolution of category management in an omnichannel world.” “It took the pandemic to really shake the behavior of the CPG industry,” Mike Gervasio, VP category leadership for PepsiCo and chairman of the association, to...
UFCW Hazard Pay Demands Result in ShopRite Deal
Nov 25, 2020
...orkers. “Right now America’s essential workers are facing a holiday season of an unparalleled level of risk and threat from this growing pandemic," Marc Perrone, UFCW International president, said during a press call this week... PG: The UFCW announced a deal with ShopRite on hazard pay ...
Publix Sued Over Employee’s COVID Death
Nov 25, 2020
...he lawsuit, filed Nov. 23 in Miami-Dade County circuit court, Gutierrez was instructed to remain at home after the colleague tested positive for the virus. A few days after that, Gutierrez became symptomatic and tested positive as well... Gutierrez’s four children are seeking damages of more t...
Dollar Tree Beats Estimates
Nov 24, 2020
...erly results on Tuesday, as the discount store operator benefited from robust demand for cheaper home decor, kitchenware and clothing during a coronavirus-induced economic downturn. The company also said it had made a good start to its holiday quarter, with same-store sales at both its labels tracki...
NRF's Upbeat Holiday Forecast Shadowed by Economic Disparity, COVID Wild Card
Nov 24, 2020
...oney because of federal stimulus checks received at the start of the global health crisis, lower gas prices, less overall spending because the coronavirus largely confined them to their homes... [and higher home values and low interest rates]... On the other hand, millions of Americans remain out of...
Grocery Workers Face Greater Risk as COVID Surges
Nov 24, 2020
...cross the country, but extra pay has not returned. At least 350 members of the United Food and Commercial Workers International Union have died from COVID-19, but that does not include the impact on non-union retailers like Amazon and Walmart. “If you want to know one reason why this pandemic ...
People, The Atlantic to Launch Podcasts in 2021
Nov 24, 2020
...king with WNYC Studios “is one important way we will find new audiences.” The Atlantic has recently launched other podcasts, such as the pandemic-focused “Social Distance,” which premiered in March; “Floodlines,” a narrative podcast on what happened in New Orleans...
Meredith Sees Newsstand Sales Bump In Past 2 Months
Nov 24, 2020
...ost: "Meredith Corp.'s digital operations have been a bright spot for the publisher as advertisers seek ways to reach homebound consumers during the pandemic. With titles like People, Better Home & Gardens and Allrecipes that have a print and web presence, the media company reaches about 95% of ...
Deloitte: More Consumers Will Shop Online Than In-Store on Black Friday
Nov 23, 2020
...to shop during the Thanksgiving period, 95% will shop online. Nearly one-third of consumers plan to shop fewer days this season, with concerns about COVID-19 cited as the main reason (63%). Throughout the course of the Thanksgiving period, 75% of survey respondents said COVID-19 safety precautions a...
How 'COVID Effect' Drives Reader Willingness To Pay For News
Nov 23, 2020
MediaPost's Rob Williams writes: "Some 30% of Americans said they're willing to pay for well-researched and reliable news after the pandemic, according to a survey by consulting firm Altman Solon published today. That willingness is more pronounced among young adults, with 53% of people ages 18 to 2...
Walmart Reopens Chicago Supercenters
Nov 23, 2020
...he upgrades also complement the measures the company has taken in its U.S. stores to help protect associates and customers from the ongoing COVID-19 pandemic"...
26M to Lose Jobless Aid After Christmas
Nov 23, 2020
...of the relief programs, analysts said, but their interruption could disrupt lives and cause additional financial heartache during the worst economic crisis since the Great Depression"...
Home Depot, Starbucks Up Pay
Nov 23, 2020
...e circulated online demanding Starbucks raise starting pay to $15 per hour as employees have been forced to adapt to the outbreak of the novel coronavirus. Many retailers have faced criticism for ending the temporary wage hikes and bonuses paid out early in the pandemic. Target and Best Buy also inc...
Virus Cases Rise, But Not Retail Workers' Pay
Nov 19, 2020
...nnounced new hazard pay in recent days, some industry observers say many retailers are not sharing enough of the profits they have earned during the pandemic with their workers, but are instead benefiting shareholders through stock buybacks. Amazon, which said last month that its quarterly profit ha...
BJ's Continues Double-Digit Growth in Q3
Nov 19, 2020
...ose 14.1% year over year and were up 18.5% excluding fuel. “Members are consolidating their trips and buying bigger baskets in response to the pandemic and searching for savings, given broad economic anxiety. Our industry-leading value, bulk sizes and broad category participation work exceptio...
A360 In Third Round of Furloughs
Nov 19, 2020
...ia staffers who have been told they will stop getting paid effective Nov. 20. — marking the company’s third round of furloughs since the pandemic began. Replacing Abrams will be James Heidenry, former editor-in-chief of beer-and-babes magazine Maxim who’s more recently been editor-...
How 'COVID Effect' Drives Reader Willingness To Pay For News
Nov 19, 2020
MediaPost's Rob Williams writes: "pandemic drives a jump in media consumption among homebound audiences, and drives a hunger for reliable news amid the misinformation, conspiracy theories and fake news that circulates on social media. Some 30% of Americans said they're willing to pay for well-resear...
Walmart Already Seeing Product Shortages
Nov 18, 2020
CNN: "Shoppers are once again loading up on paper goods and cleaning supplies in areas of the United States hard hit by rising coronavirus infections, leading to empty shelves at some Walmart stores. Officials at Walmart, the largest retailer in the country, said Tuesday that supply chains have not ...
Hy-Vee Hiring 10K for Holidays
Nov 18, 2020
... to hire 10,000 new employees as it readies for the holiday shopping season and continues to adjust to the new retail environment under the COVID-19 pandemic. Hy-Vee said Wednesday that the new jobs include full- and part-time temporary and permanent positions, ranging from online personal shoppers ...
Target's Q3 Comp Sales Up Nearly 21%
Nov 18, 2020
...% in same-store sales and 155% in digital sales. Traffic increased 4.5% on a comparable basis, while the average ticket grew 15.6%. “Since the pandemic began in March, we have experienced a meaningful acceleration in basket growth, both in stores and online, as guests have consolidated their s...
Dropped 27.7% in September
Nov 18, 2020
Shelf Awareness: "In the seventh month of data reflecting public health measures taken to fight the COVID-19 pandemic, including the closure of many bookstores for a time and limited access since then, September sales at bookstores dropped 27.7% vs. September 2019, to $609M, according to preliminary...
Self Launches Wellness Podcast
Nov 18, 2020
...It is the latest expansion for the “Checking In” franchise, which first started as a newsletter Kylstra launched at the beginning of the pandemic. The newsletter had an open rate of over 100% in the first month, according to Conde Nast. “Checking In” spun off into a live virt...
Grocery Sales Dip Slightly in October
Nov 17, 2020
...go. Sales for the month were 9.2% above their level in September 2019, an indication that consumers continue to spend heavily at supermarkets as the pandemic limits their spending at other outlets for food and other goods. Overall retail sales were up 5.7% YoY. Spending on groceries has been in a ho...
Retail Gains Slowed in October
Nov 17, 2020
...o slow its spread. “We’re going into a difficult winter,” said James Sweeney, chief economist at Credit Suisse, pointing to rising COVID-19 infections, new local business restrictions and dimming prospects for a fresh government relief package this year"...
Walmart's Sales Momentum Continues in Q3
Nov 17, 2020
...s with the aim of improving the value proposition and deepening our relationship with customers, including earning a greater share of wallet.” pandemic-related supply issues persisted in the third quarter, but Walmart has shown flexibility in leveraging its brick-and-mortar assets and manpower...
How Consumers Are Handling the Pandemic Surge
Nov 17, 2020
PG: According to a new Consumer Brands Association IPSOS survey... While 65% of Americans are not stocking up for fear of second-wave pandemic-driven shortages, the 34% who reported stocking up on items reported the following to be their most in-demand: toilet paper (24%); cleaning and disinfecting ...
Study Examines Digital Publishers' Challenges During Pandemic
Nov 17, 2020
Billing, data management, communication and fraud are some of the biggest challenges for digital publishers amid the global pandemic, according to a new survey by media measurement company DoubleVerify. 47% of the 300 digital media executives included in the survey say their organization “lack...
Grocery Pharmacies to Administer Vaccines
Nov 16, 2020
Grocery Dive: "Kroger, Albertsons, Publix, Ahold Delhaize and Hy-Vee are among the list of grocers whose pharmacies will administer COVID-19 vaccines free of charge once they’re available through a partnership with the U.S. Department of Health and Human Services (HHS), the agency announced Th...
NYC's Casa Magazines Gets Help from Valentino Project
Nov 16, 2020
... and special installations in bookstores and newsstands worldwide. Casa Magazines, a famed hub for magazines that's been barely hanging on since the pandemic, with the help of contributions from fans, will carry the book and showcase the logo versions, and receive a percentage of proceeds from copie...
Hearst Lays Off About 60 O The Oprah Magazine Staff
Nov 16, 2020
... affected, but the layoffs are thought to impact mainly the print side. A spokeswoman said: “Supporting our colleagues through the peak of the pandemic by protecting jobs and enhancing benefits has been our priority. As we embark on this new chapter and introduce a new model for this beloved b...
20 Major Titles See Total Audience Growth YTD
Nov 11, 2020
...arst and Meredith, 15 major titles saw their audiences decline or remain flat through the third quarter, so nearly all the months of the coronavirus pandemic in the U.S so far, compared to the same period last year. But that leaves 20 titles that actually saw audiences grow." Among those showing gro...
What Does The 'Storeless' Economy Mean For Publishers?
Nov 11, 2020
...d yesterday, Pfizer's encouraging news about a safe vaccine triggered a rally in the stocks of companies that will benefit from an end to the health crisis, including retailers, restaurants, movie theaters, hotels, cruise operators and airlines. The rally faded somewhat as the timing of the vaccine ...
Hearst Magazines Taps CFO Debi Chirichella As President
Nov 11, 2020
...ally harassed female staffers... Among the challenges [Chirichella] will face is rebuilding a division that has seen advertising plummet due to COVID-19-related pullbacks as well as negotiating the first-ever editorial contract with the 400 workers represented by the Writers Guild of America Ea...
Opinion: Is It Too Early For Publishers To Ponder The Post-Pandemic Future?
Nov 10, 2020
... when people feel more comfortable about gathering indoors -- such as hotels, restaurants, movie theaters and airlines. The drug maker announced its COVID-19 vaccine was shown to be more than 90% effective in its earliest tests of about 100 people. Pfizer hasn't seen any serious safety issues from i...
Meredith, Health Media Network Partner On Video In Doctors' Offices
Nov 10, 2020
...yon, managing director of Meredith's Targeted Media Health, will lead the day-to-day operations for the publisher. He spearheaded the alliance. "The pandemic has forced a period of disruption in POC overall, and we're seeing this as a transformative opportunity,” he added."
Supermarkets Accelerate Shift to Online Due to Pandemic
Nov 9, 2020
WSJ: "Supermarkets are using pandemic-driven changes in shopping behavior to accelerate the shift to e-commerce they have been seeking but have been slow to realize in recent years. Grocers are now devoting more of their floor space to fulfill digital orders in response to customers’ increased...
What Will Biden Mean for Grocery Retail?
Nov 9, 2020
...dent of the Retail Industry Leaders Association said, “Leading retailers are ready to work with Congress and the next Administration to defeat COVID-19 and restore economic prosperity for the millions of Americans whose lives and livelihoods have been upended this year.""
Retailers Can't Rest After the Pandemic
Nov 9, 2020
...es. According to Experian’s latest "Global Insights Report," 60% of consumers have higher expectations of their digital experience than before COVID-19. More specifically, 61% of people surveyed now regularly order groceries or food delivery online, a a seven-point increase in this type of onl...
Opinion: Publishers Show Surprising Resilience With Digital Growth
Nov 9, 2020
...r-driven revenue from Apple News+, digital couponing, content and affiliate commerce to $20.1M. The industry faces challenges, as many do during the pandemic recovery, but the results were not as bad as feared."
Amazon Steps Up Battle Against Price Gouging
Nov 5, 2020
...ghly 52% of Americans plan to stockpile this fall. “We are disappointed that bad actors are attempting to take advantage of this global health crisis and, in addition to removing these offers, have suspended more than 10,000 selling accounts,” an Amazon representative told Fox Business. ...
Weis Digital Sales Up 160% in Q3
Nov 5, 2020
....3M, or $1.16 per share, vs. $14.3M, or 53 cents per share, a year ago. The strong sales and earnings gains reflect the ongoing market impact of the pandemic... For the fiscal year to date, Weis Markets posted sales of $3.09 billion, up 16.9% from $2.64 billion in the prior-year period. Comp-store s...
NYT Q3 Digital Sub Revenue +34%
Nov 5, 2020
...and Facebook — have been especially unpredictable this year as companies slashed ad budgets to cope with a sharp drop in business due to coronavirus-led lockdowns. But revenue from digital-only products surged 34%, to $155M. Demand for news accounted for 275,000 new subscriptions during the qu...
Meredith Reports Record FQ1 Digital Advertising
Nov 5, 2020
...ent increase in local political spot advertising from the prior cycle two years ago," said Meredith President and CEO Tom Harty. "While the COVID-19 pandemic continues to impact total Company revenues, sequentially our year-over-year performance has continued to recover. Our efforts to enhance finan...
Hudson News Reopens Nearly Half of Shuttered Stores
Nov 4, 2020
...lan to gradually reopen the 700 stores—among about 1,000 in its estate—that it shuttered at the height of the first wave of the COVID-19 pandemic has helped boost turnover. By the end of October, the retailer had more than 300 of them back in operation. Switzerland-based Dufry—whic...
Judge Dismisses Workers' COVID Case Against Amazon
Nov 4, 2020
...quest for an injunction that would require Amazon to follow public health standards... “No doubt, shutting down [the DC] completely during the pandemic while continuing to provide employees with pay and benefits would be the best protection against contagion at the workplace,” Cogan wrot...
Ahold Delhaize to Launch Cross-Banner Ecommerce in U.S.
Nov 4, 2020
...centage points from a year ago, driven mainly by operating leverage from higher sales growth due to the pandemic, offset in part by costs related to COVID-19. Ahold Delhaize CEO Frans Muller said demand spikes triggered by the pandemic are leading the global retailer to accelerate the expansion of i...
Grocery Workers Remain at High Risk for COVID
Nov 4, 2020
...onus programs, according to a CNN article. Lowe’s and Target, however, have instituted new financial bonus programs since then... In the U.S., COVID-19 cases are now at a record high and hospitalizations have climbed beyond where they were in mid-August, according to NBC News... The CDC recomm...
Time Out London, Google Partner To Promote Black-Owned Businesses
Nov 4, 2020
...New York, Madrid, Los Angeles and Sydney. The goal is to give businesses a platform to reach new customers, to prevent closings all to common in the pandemic. Throughout 2020 and beyond, the 52-year-old magazine will continue that effort. It now has an added twist. Time Out London and Google today a...
Publix Reports 18% Sales Gain, 60% Profit Gain, in Q3
Nov 3, 2020
The Ledger: In Q3, Publix Super Markets Inc. "continued to benefit from the nationwide surge in grocery sales stemming from the coronavirus pandemic -- including a 60% increase in profit, rising to $917.6M, or $1.31 per share, vs. $574M, or 81 cents per share, in Q3 2019.Some of that increase came o...
Amazon Q3 Sales+37%, Despite -10% Physical-Store Sales
Nov 3, 2020
...Amazon has seen reduced brick-and-mortar traffic because of COVID-19-related restrictions, including store closures, and customer concerns about the virus. On the food retail side, Amazon had closed most Amazon Go cashier-less C stores, but most of the shut locations have since reopened. “We l...
Walmart Scraps In-Aisle Robots
Nov 3, 2020
...t five years to gradually add six-foot-tall inventory-scanning machines to stores... As more shoppers flock to online delivery and pickup because of COVID-19 concerns, Walmart has more workers walking the aisles frequently to collect online orders, gleaning new data on inventory problems... [and] is...
Survey: Some Say T-Day Gatherings Will Be Smaller, But Most Will Shop, Spend the Same
Nov 2, 2020
...e same or more as last year for Thanksgiving items, with more than 80% saying it’s important to celebrate the holiday in spite of the COVID-19 pandemic. Among 2,024 U.S. adults polled Oct. 17-19, 73% said they expect to increase or maintain their Thanksgiving spending, with 15% planning to spe...
Shopper Focus Key to Boosting Online Grocery Business
Nov 2, 2020
SN: "With the coronavirus pandemic driving more U.S. consumers to shop online, it’s time for grocery retailers to take a closer look at how to retain and grow this segment of customers, according to strategic advisory firm Brick Meets Click. According to the latest Brick Meets Click/Mercatus G...
Stop & Shop Intros 1990's Nostalgia Website
Oct 29, 2020
SN: "With many Americans turning to comfort foods during the coronavirus crisis, Stop & Shop has gone live with a 1990s nostalgia website selling popular foods and beverages from the decade. The “throwback” site — called “The ’90s — A Decade of Unforgettable F...
Online Holiday Sales to Rise 33% YoY: Adobe Analytics
Oct 29, 2020
...ys. It all sounds good. But this is the most volatile year in the eight-year history of this report, Adobe warns. Among the complications: The COVID pandemic; state-by-state store shutdowns and re-openings; the election; the unemployment rate; economic stimulus checks or the lack thereof. What&rsquo...
Walmart Turns 4 Stores Into Ecommerce Labs
Oct 29, 2020
...heckout area, too, testing designs, hardware and software that make customers’ purchases faster, easier and more contact-free. Even before the pandemic fueled e-commerce growth, the big-box retailer had made moves to align its online and e-commerce strategies — such as merging separate t...
Survey: NYC, London to Remain Journalism Hubs
Oct 29, 2020
... financial communications and marketing firm, finds journalists saying that New York City and London will remain core journalism centers in the post-pandemic world. 86 U.S. financial and business journalists were polled this month. About two-thirds stated that both these cities will remain or grow t...
Atlantic, Radical Media Team on Conspiracy Theories Docuseries
Oct 29, 2020
...s and conspiracy theories that have gripped elements of the American public — and how they destroy objective truth. Subjects will also include COVID-19 and vaccine conspiracy theories.
Grocers Pushing to Avoid Repeat of Spring's Ecommerce 'Nightmares' This Winter
Oct 28, 2020
...hipping delays; and making changes to their websites to try to give shoppers more windows to order. [But] analysts caution that an outbreak of coronavirus cases this winter may once again strain supply of high-demand items like toilet paper and paper towels in harder-hit regions of the country. "It'...
What Items Are Hot During the Pandemic?
Oct 28, 2020
The Washington Post reports that, seven months into the pandemic, many people are still buying items to make their homes more comfortable--from larger items like recliners to smaller items like cooking supplies -- as well as do-it-yourself items and bikes and exercise equipment....
Questions About Digital Profitability Remain as Kroger's Restock Initiative Winds Down
Oct 28, 2020
...g-term efficiencies, as well as demand. Industry observers have expressed skepticism over this initiative, noting that even with the tailwind of the pandemic, overcoming the cost of building and operating 20 large-scale automated warehouses will be steep. Ocado’s legacy next-day service, meanw...
USDA Adds $500M to Food Box Program
Oct 28, 2020
...gram. As of Oct. 27, the USDA’s Agricultural Marketing Service said it has partnered to deliver 112M food boxes through the program. The coronavirus Aid, Relief & Economic Security (CARES) Act allowed the USDA to purchase up to $4B in fresh produce, dairy and meat products from American pr...
Kroger Details Restock Kroger Successes
Oct 27, 2020
... said that its Restock Kroger transformation program is providing rewards to investors and has helped to position the company for success during the pandemic -- a time during which digital sales have soared. The company told investors on Tuesday, Oct. 27 that the program, launched three years ago, i...
Walmart CEO: Pantry Loading Is Back
Oct 27, 2020
PG: "Another wave of pantry loading is underway as COVID-19 infections surge across the country.That's what Walmart CEO Doug McMillon told the audience at the Yahoo Finance All Markets Summit on Monday, Oct. 26.“Things are getting better, but we have a ways to go to recover. It will be choppy ...
Sheryl Sandberg Talks to New Meredith Women's Resource Group
Oct 27, 2020
...ry reason, according to this year’s annual Women in the Workplace report from Sandberg’s Lean In and McKinsey & Co. Before the coronavirus pandemic hit, Sandberg said, many women worked a "double shift" — first at work and then another while attending to their family's needs at...
The Atlantic Earns Wins Triple Recognition In Adweek's New Publishing Hot List
Oct 27, 2020
...ptions by June and now has 650,000 total subscribers. With coverage that ranged from how to stop a civil war at the beginning of the year to its own COVID-19 tracking project, The Atlantic has remained a clear, concise and accurate voice providing context and perspective while navigating a tumultuou...
Walmart, Amazon Have 55%, 40% of Online Grocery Market
Oct 26, 2020
...pper marketing platform Chicory and has a margin of error of plus/minus 5.3%.The results of Chicory's fourth quarterly survey quantify the impact of COVID-19 on online grocery usage by comparing current results with past quarterly studies throughout 2020. The latest survey, conducted in early Octobe...
Report: Food Prices Surpass Virus as Consumers' Top Worry
Oct 26, 2020
Grocery Dive: "The cost of food has overtaken worry about getting sickened by the novel coronavirus as a chief concern for U.S. consumers as they struggle with sagging personal finances, according to the results of Dunnhumby’s latest Consumer Pulse Survey, released Monday. Asked which grocery ...
Wakefern Sales Up Nearly 10% for Fiscal 2020
Oct 26, 2020
...ove and expand the digital shopping experience, he said... Wakefern and its independently owned and operated supermarkets rose to the challenge with COVID-19 outbreak, keeping stores stocked and running smoothly while implementing the latest safety protocols at all stores... Key initiatives in 2020 ...
Last-Mile Fulfillment Paying Off for C Stores
Oct 26, 2020
...ing deliveries for company-owned and franchised locations. “When 7-Eleven began offering delivery in 2017, we certainly didn’t foresee a pandemic accelerating on-demand ordering platforms from convenient to essential,” said 7-Eleven COO Chris Tanco. “This year we’ve dou...
Last-Mile Fulfillment Paying Off for C Stores
Oct 22, 2020
...llment can more effectively match products to changing consumer behaviors — like those that will have a lasting impact because of the COVID-19 pandemic,” said Lori Stillman, VP of research at NACS. “Additionally, third-party last mile service providers will see how the convenience ...
NRF Survey Confirms Consumers Plan to Spend Less for Holidays
Oct 22, 2020
...n last year, a drop of about $8. Despite the drop, expected holiday spending is higher than the five-year average for gifts and decor, NRF said. The pandemic has shaken up the way shoppers plan to celebrate the holidays, too, according to the survey. One in 5 people surveyed said they typically trav...
Why Trader Joe's Traffic Has Recovered, But Whole Foods' Hasn't
Oct 22, 2020
Grocery Dive: "Whole Foods Market's foot traffic fell sharply at the outset of the pandemic and continues to lag behind its year-ago numbers despite strong recoveries from competitors such as Trader Joe’s, a new Placer.ai report noted... The report, which tracked location data among more ...
ANA: 15% Of Digital Ad Costs Go To 'Unknown'; P&G Pushing for Social Media Reform
Oct 22, 2020
...er Marc Pritchard focusing on how the ad industry has responded as a "force for good" and a "force for growth" amid multiple 2020 crises of a global pandemic and explosive racial injustice, but it also revealed some nagging low points, especially for the digital supply chain. While Liodice showcased...
Luxe Magazine Marks 15 Years, With Redesign
Oct 22, 2020
...e vice president-managing director of Luxe Interiors + Design, and Chief Sales Officer of Sandow. Luxe hosted more than 50 virtual events during the pandemic. The annual LUXE RED Awards (Residential Excellence in Design), for example, went virtual this year, and attracted over 30,000 views. In March...
Southeastern Grocers Formalizes Plans to Go Public
Oct 21, 2020
...ations, according to the filing.Southeastern is preparing for an IPO at a time when grocery stores are riding a wave of customer interest during the pandemic. The grocer said it recorded net income of $205.7M and $5.3B in sales during the 28-week period that ended July 28, compared with a net loss o...
Whole Foods Launching One-Hour Pickup Nationwide
Oct 21, 2020
...rs to be ready in 30 minutes. Amazon has accelerated the rollout of curbside pickup at Whole Foods only recently, driven by customer demand amid the pandemic"...
1 in 4 Have Already Done Their Holiday Shopping
Oct 21, 2020
...r more. Over 31% of consumers expect to go into holiday shopping debt over the coming months. Among those who were laid off or furloughed due to the pandemic, 47% expect to go into holiday shopping debt. More than half of consumers with a household income of $100,000 or more expect to go into holida...
Amazon Extends Work-at-Home Option Till June
Oct 21, 2020
...day told employees whose work can be done from home that they can do so until June, extending the timeline on a return to office due to the COVID-19 pandemic. “Employees who work in a role that can effectively be done from home are welcome to do so until June 30, 2021”, an Amazon spokesw...
Deloitte: Consumers Plan to Cut Holiday Spend by 7%
Oct 21, 2020
...season. The test is whether consumer spending will be sustained amid wildcard puzzle pieces including policy surprises, the election and a resurgent virus.” While many macroeconomic factors, like unemployment, wage growth and savings rates, go into economists’ models, consumer sentiment ...