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Resisting the Urge to Stray from Your List at Costco? Costco, a true titan of the retail world, has not only weathered the test of time but continues to thrive in today's dynamic market. While their e-commerce game is on the rise, it's their membership plans that are the backbone of their immense profitability. The name "Kirkland" has become synonymous with quality and affordability, winning the hearts of shoppers. Costco, traditionally a wholesale giant, customers frequently flock to fulfil their household needs. What sets them apart is not just the vast array of merchandise but also their unwavering commitment to an exceptional shopping experience. With a remarkably generous return policy and enticing deals on high-end products (of course, conditions apply), they ensure customers leave with a smile. And who can resist those free snack samples? It's a universal favorite, cherished by both kids and adults alike. Costco's strong presence on social media and its successful collaborations with influencers underscore its mastery of digital strategies. In a world that's constantly evolving, Costco stands as a shining example of how to blend tradition with innovation, delivering unbeatable value and quality to its loyal customers. It's a retail success story that keeps getting better with time. #Costco #RetailSuccess #Innovation #QualityMatters 🛒🔥

Sometimes you need to tip your cap to the giants. In this case, let's take a moment to marvel at the magnitude of Walmart's reach and dominance. When reviewing YoY visit data for leaders in the Superstore and Wholesale spaces, we noted in a recent blog post that some like Costco Wholesale and Target were outpacing the retail behemoth. Yet, taking a step back shows that even in just this category, and even compared to some of the biggest and strongest players in retail - not to mention not counting Sam's Club or Walmart Neighborhood Market - Walmart still held over 60% of the overall national visit share. And there's still areas for growth. The map below shows the relative dominance by state indicating opportunities in certain regions. TLDR version - Walmart is very strong, and very, very good at retail.

In the dynamic world of retail, Walmart and Target have embarked on contrasting journeys this fiscal quarter. 📊 Walmart's online sales in the U.S. are on the rise, while Target faces a dip. 📈📉 What's the story behind this divergence? 🤔 Step into the retail arena with us as we unveil the strategic choices and distinctive hurdles that have guided these industry giants down divergent paths. 🛍️🚀 Explore the complete narrative here to understand why only one of these retail behemoths is riding the wave of success: http://rb.gy/juv0b 🔍 When was the last time you visited Walmart or Target? Share your insights in the comments below! 👇 To learn more about how we can help your brands, contact us at www.savvy-palate.com #food #beverage #consulting #foodbroker #healthyfoods #consumers #hispanic #retailindustry #shopperloyalty #supermarketnews #retailnews #customerexperience #retailtrends

What's great about Walmart's strategy is that it consistently delivers clear value. Even with its new premium brand, Bettergoods, 70% of the products are priced at $5 or less. But Walmart is not just a price leader. It's also a great brander and observer of market shifts. To appeal to the growing demand for "lux for less" segment, the company made some deliberate design choices with its Bettergoods brand: 1) Glass jars - provides a tangible sense of quality and freshness 2) Bold colors & flavors - cater to the adventurous palates of Gen Z and Millenials who make up 40% of the population 3) Presentation - emphasis on "local," "plant-based," "handcrafted," and "real ingredients" to convey quality Bettergoods is Walmart's largest store brand initiative in 20 years. The line includes over 300 products ranging from frozen foods to snacks and beverages. This move is well-timed as more Americans turn to store brands amid high prices. Last year 26% of grocery and beverage sales came from private brands, up from 25% the year before. Once again, Walmart is playing to its strengths - proving that value and quality can coexist. #retailstrategy #retail #walmart #cpg #consumers #branding #marketing #value #buiness PHOTO: F. MARTIN RAMIN/THE WALL STREET JOURNAL

Retail Today / Retail Today: What happens when you brag about a retailer, their leader and organization? Then they fail to not only produce better results but struggle to find the bottom. Target “THE NEW MODERN DEPARTMENT STORE”, continues to miss sales and now after two store visits, it’s pretty obvious. Where do you start, what is going on with P&G? They took over the store! You’re out of basics, from Cosmetics, Hosiery, Home and Tech Center. Seasonal Transition: Hello! What does “Coming Soon” mean to the consumer shopping today? I’m pretty confident, these are Corporate Driven decisions or excuses, from Organized Crime Rings, Pride, Inflation, Value, Aspirational Shoppers, Seasonal Flow, Excess Inventory Correction, etc.. Bottomline: Fill the counters and your sales problems are corrected. You are still the number #1 destination for Suburbanites! Looking froward to being a rabid Target fan again. Back to basics, “Blocking and Tackling”. #retail #retailindustry #retailtrends #retailexperience #sales #inventorycontrol #stores #shoppingexperience #brandexperience #brickandmortar #seasonal #merchandising #backtoschool2023 #halloween2023 #target #walmart #pg Procter & Gamble Scott Benedict

Not all brands are created equal. Recent retail news included a mixed bag of headlines and store closures while brands like Target, Whole Foods Market, H-E-B, Costco Wholesale, and Nordstrom Rack have big plans for expansion in the coming years.   According to SRS' Karla Smith, who represents national retail anchors in new store site selection and disposition, "Retailers that are able to adapt to changing consumer demands and new development strategies will thrive. Target is a great example of a retailer meeting consumers where they are and adapting to stay relevant, exciting and convenient. Shoppers are looking for something different and there is a heightened awareness of accessibility, health and wellness that is not going away anytime soon.”   Click the ICSC article for more insights and retailer news ➡️ https://lnkd.in/dMz7r-J6   #RetailOpenings #TenantRep #TargetStores #RetailNews #CRENews #StoreOpenings #StoreClosings 

In recent years, my passion for the hard discount model, particularly exemplified by retailers like LIDL and D1 in Colombia, has significantly grown. This enthusiasm extends to include prominent players such as Costco, Trader Joe's, and IKEA and many of the private/exclusive labels they carry. Yes, I know, many of these are not 'hard discounters' but they undoubtedly share key characteristics contributing to their remarkable success in a highly competitive market. Contemplating this exclusive set of retailers has led me to ponder a fundamental question: What is the common characteristic that underlies their success, and what is the inherent consumer promise that sets them apart? I believe the key to these retailers' reputation lies in trust. In today's world, where consumers face an overwhelming array of choices, often described as "the long tail," the most exemplary players are those increasingly positioned as curators of their product assortments. They willingly embrace the pivotal responsibility of ensuring that each item, regardless of its price point, exemplifies superior quality for their target audience. This recent role underscores the retailer's unwavering commitment to providing a meticulously curated selection that not only caters to diverse consumer preferences but also adheres to stringent standards of excellence. These top-performing retailers transcend the traditional role of mere sellers; they assume the mantle of guardians of quality, painstakingly shaping their collections to guarantee elevated satisfaction for an increasingly discerning shopper. Moreover, applications such as Yuka, are increasingly empowering shoppers to make the right choices at the point of sale. This shift towards curation and a steadfast commitment to quality assurance positions retailers like Lidl, Trader Joe's, and Costco as not just market players but as trendsetters, influencers, and custodians of consumer trust. In a landscape inundated with choices, these retailers stand out as beacons of reliability, setting the bar high for excellence in an ever-evolving and competitive market. So, armed with the information provided in the images below, what shaving gel would you buy? (Yes, it is an example from Target. No, it is not among my preferred retailers) Full disclosure: I have no relationship whatsoever with any of the brands or companies mentioned in this post or tags. #LIDL #TARGET #COSTCO #TRADERJOE'S #WALMART #RETAIL #IKEA #PRIVATELABELS #D1 #YUKA #EDGE #GILLETTE #UP&UP

Nice display in Woolworths Supermarkets recently. Noticing greater focus on clear and simple mechanics. Impact = satisfaction with offers among WW shoppers stabilised in the MAT to Mar this yr. Same is not true across all grocery retailers, so: 1️⃣ if you’re an account lead make sure you know the trend on satisfaction for key measures like price, quality, offers and availability. 2️⃣ where trend is down, re-evaluate current tactics and strategy internally 3️⃣ most importantly, get a compelling story built with clear actions / recommendations that will put you in the best position to influence your retail partner. Thoughts..? Builds..? Understand, influence, lead. Follow for more shopper trends and guidance in grocery and liquor. #strategy #shopperinsights #influence #success

Retail Today / Retail Renaissance: WalMart continues its dominance in the trillion dollar grocery sector. #groceryindustry Launching its new upscale private brand “Bettergoods”, 300 new items, priced at $5.00 or less. #bettergoods This premium brand is targeted for higher end shoppers, who may shop at Trader Joe’s, Costco or Whole Foods. #traderjoes #costco #wholefoods Walmart’s dream has always been to attract higher income shoppers. Wake up Target, with their “new look” rolling out into suburbania, Walmart smells blood. #target 🎯 Follow the data, Walmart is the largest grocery retailer in the U.S.. Grocery represents 60% of their sales, $264 Billion Dollars!! #walmart #grocery Walmart.com is projected at $69 Billion Dollars in grocery, at a 17.7% increase. 240 million customers visit Walmart weekly! Private Brands make up 26% of all food sales. Did anyone say Kirkland? #privatebrands #lowprices #kirkland I have attached Capital One’s statistical breakdown of Walmart. Fascinating! #capitalone #retail #retailtrends #retailindustry #shoppingexperience #TopRetailExpert

A new week means a fresh batch of news from the #retail 🌍 world. What shouldn’t escape your attention? Let’s see. 🆕 Report by Ipsos shows the top 5 performers in grocery e-commerce rating the “three C’s” (convenience, communication, and completeness) of retail e-commerce. Walmart, Target, Albertsons, Food Lion, H-E-B. The 💪 strong five, leading the rankings in delivery and curbside pickup among the other standards. 🆕 The first half of 2024 belongs to private brands. The YoY growth surpassed that of national brands, when private brands sales were 📈 up 2.3 - 2.5%, while national brands recorded a modest gain of 1.1%. 🆕  #Costco membership is expected to hike for the first time since 2017. The annual membership is going to rise by $5, while higher-tier membership will be increased by $10 💵. The increased fees will be used to keep prices low, as Costco continues to compete with its rivals like BJ’s or Sam’s Club. 🆕 #Decathlon has launched a new subsidiary called Decathlon Pulse. The mentioned subsidiary is tasked with exploring new frontiers of the sports business and focusing on long-term growth. The game-changing innovations in the sports market are the main go-to zone for Decathlon's new business branch. #Kimbino #RetailNews #Retail #RetailInsights #RetailStrategy #OnlineDeals #BestDeals #OnlineShopping #ConsumerTrends #ShoppingBehavior #OnlineShopping #Checkout #Ecommerce