News

Ahold, Delhaize in $29 billion merger
New York -- The combination of Royal Ahold and Delhaize Groupe creates a new super-regional chain along the Eastern Seaboard that will serve 50 million customers weekly and generate annual sales of more than $60 billion.

The merger announcement was highly anticipated following months of speculation followed by confirmation of talks between the companies. Now that the merger agreement has been reached, Ahold and Delhaize said they expect the deal to close by mid-2016.
Ikea boosting minimum wage for employees
A year after it first announced a major minimum wage hike in its U.S. stores, Ikea said Wednesday that it plans to implement another nationwide raise to its wage floor next year, bringing the average store's starting pay to nearly $12 per hour.

Alibaba thinks, acts globally

Beijing, China - Alibaba Group Holding Ltd. is both thinking and acting globally with a major expansion of its cross-border e-commerce initiatives. Alibaba’s new global effort includes the launch of 11 official country pavilions on its Tmall Global platform.
Analysis: The Gap, Art Peck, and store closures

Retail consulting firm McMillanDoolittle has posted an interesting blog on Gap Inc.’s ongoing efforts to turnaround its troubled namesake brand. Here is the full posting:
Study: Marketers face issues with visibility, data, optimization

New York - Lack of a single customer view, an inability to deal with large amounts of data and lack of time for optimization are among the challenges that cause the biggest headaches for modern marketers. According to new research published by Econsultancy in partnership with SmartFocus, among the pain points marketers face are the challenges of making customer data actionable, bottlenecks caused by IT and web development teams and lack of time for campaign testing and optimization.

The report identifies the following key challenges:
No wonder Ahold and Delhaize merged

Walmart Neighborhood Markets offer a compelling source of new sales growth for the company, Moody’s says in a new report.

Despite strategic shifts to compete more successfully with the company, traditional supermarkets will feel the pressure as Walmart moves to increase its already dominant share of the U.S. grocery segment.
Whole Foods Market overcharging customers?

New York -- An investigation of Whole Foods Market stores in New York City has found systemic overcharging of its customers for prepackaged food.

The city's Department of Consumer Affairs (DCA) said some Whole Foods stores routinely overstated the weights of its pre-packaged products – including meats, dairy and baked goods – resulting in customers being overcharged. DCA tested packages of 80 different types of pre-packaged products and found all of the products had packages with mislabeled weights.
Study: Shoppers leaving national brands behind

National food, beverage and household brands continue to lose their place in Americans’ shopping carts, according to a new survey.

Deloitte’s annual American Pantry Study of more than 354 brands across 34 product categories found that nearly three in four (73%) of consumer packaged goods categories show an overall decline in their status as “must have” brands.
NRF calls passage of TPA a ‘landmark step’

Washington, D.C. -- The National Retail Federation praised the Senate’s passage on Wednesday of Trade Promotion Authority
NRF details retailers' $44B problem

Retailers are losing billions of dollars to shoplifting, employee/vendor theft and administrative error, according to the National Retail Federation.