Specialty Retail
Top stories summarized by our editors
8/20/2019

Target's new in-house brand, Good & Gather, represents the retailer's push to capture the high-quality food market. As part of the rollout, the company will phase out older house brands like Archer Farms and Simply Balanced while scaling back Market Pantry.

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Modern Retail
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Target, Market Pantry, Archer Farms
8/20/2019

Changes in Americans' breakfast habits have contributed to a yearslong decline in cold cereal sales, and food manufacturers are trying several strategies to regain market share. Kellogg is standardizing its box sizes, and it and General Mills are introducing new products and flavors.

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Kellogg, General Mills
8/20/2019

Hershey is investing in Fulfil, a line of high-protein, low-sugar bars available in the UK and Ireland, and New York-based Blue Stripes Cacao Shop, founded by cacao entrepreneur Oded Brenner. "Successful companies evolve and engage consumers in new and different ways," says Mary Beth West, chief growth officer at Hershey.

8/20/2019

Kroger's Kroger Express, pickup service and Our Brands offerings will be available in 35 Walgreens in Knoxville, Tenn., this fall. The expanded partnership will also see a selection of Walgreens' owned-brand health and beauty products enter 17 Kroger stores.

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Forbes
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Kroger, Walgreens
8/20/2019

Some car dealerships with 2018 models still in inventory are offering steep discounts to move the older vehicles as 2020 vehicles arrive on lots. "This is probably the biggest carry-over problem we've seen in the last several years," says former AutoNation President Mike Maroone, who owns dealerships in Colorado and Florida.

8/20/2019

According to a study from Snapchat, young car buyers are less committed to specific brands of vehicles, and visit dealership mostly on Friday evenings and Saturdays, 11 a.m. until 5 p.m. "When these young demographics come of age and purchase a car, this is a really important stakeholding point for advertisers," says Ariana Battle, senior analyst for Snapchat.

8/20/2019

Rob Whitten has made a success of his small-town store, Plain Hardware, in the era of Amazon by knowing what his customers need and always having it in stock, he says. The independent Washington state retailer and three others share their secrets for retail survival in an era of instant gratification.

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Amazon
8/20/2019

Toronto-based Catalyst Capital Group has acquired a 10% stake in Hudson's Bay Co., for about $141 million. The acquisition could block a plan by Richard Baker for taking the parent of Saks Fifth Avenue and Lord & Taylor private.

8/20/2019

Disney, which will launch its Disney+ subscription service Nov. 12, has revealed which devices and platforms will be able to access it initially. The list includes Apple TV and mobile devices, Android TV and mobile devices, Chromecast, Roku and some gaming devices, but not Amazon's Fire TV.

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The Verge
8/20/2019

Google's artificial intelligence lab has produced a real-time hand-tracking algorithm that could lead to sign language recognition. "Whereas current state-of-the-art approaches rely primarily on powerful desktop environments for inference, our method achieves real-time performance on a mobile phone, and even scales to multiple hands," wrote Google researchers Valentin Bazarevsky and Fan Zhang in a blog post.

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TechCrunch