December 9, 2022
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Top Story
Costco outlines plans for US, international growth
(Eric Thayer/Getty Images)
Costco will open a total of 27 new stores this fiscal year, including 15 in the US, three relocations and the warehouse retailer's first stores in Sweden and New Zealand, which opened in the fiscal first quarter, Chief Financial Officer Richard Galanti said. Also in the first quarter, Costco reported increased spending among affluent shoppers, reduced its excess inventory and booked same-store sales growth of 7.1%.
Full Story: Insider (12/8),  The Wall Street Journal (12/8) 
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Carter's on building and deploying mobile POS & RFID natively
Hear from Carter's CEO Ben Pivar about solutions that improved omnichannel experience with technologies like personalization and RFID. Explore their approach and lessons learned. Join AWS on January 15, 11:45 a.m.-12:15 p.m. in the Expo, Level 3, Stage 5. Learn more.
Industry Watch
Lowe's courts baby boomers, millennials to drive growth
(SOPA Images/Getty Images)
Lowe's is working to achieve growth by expanding its omnichannel presence, beefing up its product assortment and growing its base of professional customers, CEO Marvin Ellison said. The home improvement retailer plans to offer expanded installation services to entice millennials buying their first homes and baby boomers reconfiguring their homes.
Full Story: MediaPost Communications (free registration) (12/8) 
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CEO: Black Friday was Lululemon's biggest sales day
(Gary Hershorn/Getty Images)
Lululemon reported a 22% jump in third-quarter same-store sales from the year-ago period and beat sales and earnings forecasts. The workout wear retailer also kicked off the holiday shopping season with record Black Friday sales and shopper traffic, CEO Calvin McDonald said.
Full Story: CNBC (12/8) 
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Walgreens will be hosting its virtual Localization Summit event to give diverse vendors an opportunity to showcase their products before the merchandising team, with the ultimate goal of establishing a supplier relationship with the retailer. "When our shelves reflect the communities we serve, we can better live out our purpose of more joyful lives through better health," said Senior Vice President and Chief Merchandising Officer Luke Rauch.
Full Story: Progressive Grocer (12/7) 
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Grow profits now with effective trade promotion.
Billions in trade spend goes unevaluated every year. Are you getting your money's worth? Learn how effective trade promotion management can help you drive profitable growth now.
Retail Trends
Value grocers expanded across the US in 2022
(Christopher Furlong/Getty)
Discount supermarkets and warehouse grocers like ALDI, Grocery Outlet and BJ's Wholesale Club saw increased foot traffic and significantly expanded their store footprints in 2022. ALDI especially upped its presence in the Southeast with new stores in Alabama, Florida, Louisiana and Mississippi, while Grocery Outlet expanded in the East with locations in Pennsylvania and Maryland and BJ's opened its first Indiana store.
Full Story: Winsight Grocery Business (12/6) 
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A collaborative collection with menswear brand Brooklyn Circus is one way Lee Jeans, which is owned by Kontoor Brands, is working to energize the brand and attract younger consumers. "It's really looking at the brand through a modern lens, but without losing sight of who we are, and what really makes the brand so strong and so iconic," said Chris Waldeck, Kontoor's co-chief operating officer.
Full Story: Modern Retail (tiered subscription model) (12/8) 
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Macy's has turned space in 35 of its stores into semi-automated distribution centers while Ulta Beauty is shipping orders from 116 of its stores, part of a growing trend of retailers using stores for online order fulfillment. The strategy allows retailers to serve customers from closer locations and take advantage of in-store stock without spending to build additional distribution centers.
Full Story: The Wall Street Journal (12/8) 
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How to create a product activation strategy
It is paramount that consumers encounter the same product experience everywhere they go, be it online or in store. That's why brands and retailers need a single comprehensive strategy that activates their product story across all owned and unowned channels, to grow revenue and create satisfied and loyal customers wherever they're shopping. Download the whitepaper.
NRF News
Surrounding NRF 2023: Retail's Big Show, NRF Retail Week brings together the largest and most diverse gathering of retailers in New York City. Convening industry leaders, decision-makers and influencers, NRF Retail Week is where your company's event will stand out and be seen by thousands of industry insiders and professionals. Being part of NRF Retail Week guarantees your company and event will be part of retail's ultimate gathering. Submit your event listing today.
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November ports are projected at 1.85 million TEU. Source: NRF/Hackett Associates Global Port Tracker.
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At NRF 2023: Retail's Big Show, the Food Service Technology Pavilion and Stage will showcase ideas, systems and solutions specifically geared toward retail professionals in the food and beverage sectors. Located in the Expo on level one, the Food Service Technology Pavilion is where the latest innovations will be on display, including point-of-sale and back-office systems, digital signage and menu boards, loyalty and data, online ordering and other innovations to help accelerate business. On the Food Service Technology Stage, industry leaders will share curated content focused on topics important to food and beverage retailers. With 11 sessions over three days, a range of experts will cover everything from data and analytics, digital experiences and the direction of food technology. Learn more.
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Chain Restaurant News
Restaurant Brands International faced a learning curve after it expanded Canadian chain Tim Hortons to the US and discovered that the large-scale approach it took at home wasn't quite right, RBI CEO Jose Cil said. Since then, the company has tailored its US approach with smaller stores and streamlined menus focused on coffee, breakfast sandwiches and baked goods.
Full Story: Restaurant Business (12/7) 
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