Walmart and Sam's Club have announced plans to use more sustainable sources for beef as part of an overall plan to increase sustainability on 20 commodities by 2025. The focus for sustainable beef will encompass the role of farmers, soil health, antibiotic use and animal welfare, and also include better transparency and new supplier partnerships.
While its footprint is nationwide, Whole Foods Market has managed to build a reputation as the top spot for locally sourced products. The grocer focuses on working with local suppliers, including the use of "foragers" who find and grow local producers, said Joanne Neugebauer, an associate buyer for Whole Foods.
Nearly 90% of shoppers say they trust the quality of private brands as much as they do national competitors, according to a Daymon survey. The report also finds that private brands are growing two times faster than national brands, showing a 5% year-over-year increase, and concludes that private brands will continue with strong sales in the future.
Based on original research conducted in July with wholesaler-distributors in many lines of trade across the industry, author Ian Heller of Distribution Strategy Group will reveal on this Aug. 18 webinar how distributors evaluate and respond to emerging technologies. Is Artificial Intelligence a threat, an opportunity, or both? Find out how distributors plan to incorporate new technologies to build their competitive advantage. Register now. Research report with more intel is coming in early August. Sponsored by Unilog, SAP and Conexiom.
CVS Health has gained new customers and boosted its profit guidance amid the pandemic, in part by offering drive-thru COVID-19 testing at about 1,800 stores and launching a business-to-business testing service. The retailer had given about 2 million tests by July 31, 40% of them to first-time customers, and most of whom made appointments via the CVS website or mobile app.
The pandemic has boosted business for veterinary offices, in contrast to the toll it has taken on human health care systems. Revenue at the 2,800 veterinary clinics tracked by VetSuccess rose an estimated 18% in July compared to the same month last year.
Pet product sales are on track to grow 8% to $59 billion this year, due in part to increased spending by consumers who adopted dogs and cats during the pandemic, according to a Packaged Facts report. Pet food sales are likely to lead the growth and spending on non-food pet supplies is also on the rise.
Mall operator Simon Property Group is exploring having Amazon turn former department store anchor spaces into distribution hubs, according to sources. Specifically, Amazon is reportedly eyeing spaces used by J.C. Penney and Sears.
Services that cultivate personalized customer relationships and promote safety will be a key part of the stores of the future as retail recovers from the pandemic, said Deirdre Quinn, CEO of boutique brand Lafayette 148. Quinn and five other retail industry executives share insights into what stores will need to focus on in the future.