It may seem counterproductive to keep the prices of your products hidden from users who haven’t logged into your online store. After all, you need to reveal the prices to convince people to make a purchase. So, why hide the prices from not logged in guests and customers? Believe it or not, hiding prices can,…
If you’re a wholesale store owner looking to attract more retailers and outlets to your business, offering a typical wholesale discount to your customers can be an effective strategy. By selling large quantities of your goods at a lower price, you can incentivize customers to make more purchases, increase their loyalty to your brand, improve…
Peloton is planning to relaunch its brand as the struggling fitness company works to shed its old image, but the process will run alongside a new recall involving more than 2.1 million potentially faulty original Bikes. Relaunch plans include a new tiered subscription model, as well as efforts to inform shoppers that it does other…
Prompted by consumer demand, retailers have been making bigger commitments to Environmental, Social and Governance (ESG) efforts, but some are facing challenges in the environmental aspect. Crocs has announced that it will push back its timeline to reach net-zero carbon emissions by a decade to 2040, while Nike is facing a lawsuit that accuses the…
The Home Depot posted its weakest quarter in years, with Q1 2023 seeing a 4.5% comparable sales decline year-over-year. Total sales were $37.3 billion, down 4.2% from Q1 2022. The declines were attributed to a slowdown following three years of “unprecedented growth” in which the retailer boosted its sales by over $47 billion, according to…
Dan Bane, Chairman and CEO of Trader Joe’s, will retire after more than two decades in the post at the end of the company’s fiscal year on July 2, 2023. Current President and COO Bryan Palbaum will take over as Chairman and CEO at that time, and current President of Stores Jon Basalone will be promoted to…
The debut of the Walmart+ membership program in September 2020 was a significant departure for the retailer. “We spent 60 years democratizing every asset and every experience — everyone, no matter who you are, gets the same everyday low price and experience,” said Chris Cracchiolo, SVP and General Manager of Walmart+ at Walmart in a…
Distributors can lead the way forward to a supply chain designed for the digital age. This post is the second to share insights gathered for our new Facing the Forces of Change® initiative. Our work began at the National Association of Wholesaler-Distributors’ 2023 Executive Summit. My first post reviewed discussions offered by an all-star panel of distributor CEOs,…
Bath & Body Works is focusing on growing its men’s business with the introduction of new skincare and beard care collections. The retailer has already grown its men’s category by 50% over the past three years through product evolution and assortment expansion, and the new offerings aim to help the retailer maintain its momentum in…
Amazon has been overhauling its logistics network to “regionalize” where inventory is located across the U.S. in an effort to reduce delivery costs while maintaining the fast shipping speeds the company is known for, multiple sources report and Amazon has confirmed. Today, 76% of the products customers order are fulfilled from facilities within their region,…
