Software Advice Summaries of Retail News

on November 18, 2019

Stay up-to-date on the latest retail and restaurant news with our weekly roundup.

Week of November 18, 2019

Nike ends direct sales on Amazon, Alibaba breaks Singles Day record with over $38 billion in sales, plus more retail news

Injured retail workers are out an average 24 days
Retail workers miss an average of 24 days of work when they’re injured on the job, according to an analysis by AmTrust Financial Services. The most expensive injuries include falls, slips, strains or injury from repetitive motion, and vehicular collisions, with payouts as high as $21,000. These findings reinforce the importance of operations and safety training, especially for younger retail workers who tend to file more workers’ compensation claims, according to Matt Zender, senior vice president of Workers’ Compensation Strategy at AmTrust. [Read more]

Saudis pour $400 million into Travis Kalanick’s ghost kitchen startup
Saudi Arabia’s Public Investment Fund (PIF) has invested $400 million in former Uber CEO Travis Kalanick’s CloudKitchens startup. The company operates a network of delivery-only kitchens used to fulfill orders from food delivery companies such as DoorDash and Grubhub. CloudKitchens also owns several delivery-only restaurants, which operate out of these ghost kitchens. PIF was also an early investor in Uber. [Read more]

Nike ends direct sale of clothes and shoes on Amazon
Nike will stop selling products directly to Amazon, ending a pilot test launched in 2017, in which it agreed to sell a limited number of products to the ecommerce giant in exchange for stricter policing of counterfeits. However, that strategy reportedly did not materialize as Nike has struggled to compete against third-party listers of their products. Nike has been expanding into direct-to-consumer sales through its mobile app and website, reportedly tripling sales since 2013. [Read more]

Alibaba breaks Singles Day record with more than $38 billion in sales
Sales for this year’s Singles Day hit a record high with $38.4 billion worth of goods sold on Alibaba, exceeding last year’s $30.7 billion, according to the Chinese ecommerce company. Over half a billion people from various countries participated in the shopping event on November 11. Electronics, gadgets, and fashion items were among the best-selling products in the 11th edition of the annual event. [Read more]

Week of November 11, 2019

Restaurant industry projected to grow 50%, Ralph Lauren introduces digital product IDs, plus more retail news

Amazon is making two-hour grocery delivery free for all Prime members
Amazon Fresh is now providing free two-hour grocery delivery that will be available to Prime members in 2,000 eligible regions. Until now, Prime members had to pay an extra $14.99 each month to get access to Amazon Fresh. Groceries have been one of the fastest growing segments at Amazon, according to Vice President of Grocery Delivery, Stephanie Landry. [Read more]

Walmart appears to be gaining ground against Amazon
More consumers prefer Walmart to Amazon, according to survey data from First Insight. 55% of the 3,000 consumers surveyed say they would rather shop at Walmart than Amazon, up from 47% in 2018, while consumers who prefer shopping at Amazon decreased from 53% to 45%. “I think the novelty of Amazon is wearing off,” says First Insight CEO Greg Petro. The findings could be an indication that Walmart’s investments in its online operations are paying off. [Read more]

Restaurant industry projected to grow 50% over the next decade
The restaurant industry is projected to grow 50% from 2018’s $833 million in sales, according to an industry report from the National Restaurant Association. By 2030, sales are predicted to reach $1.2 trillion and as many as 17.2 million people are expected to be employed in restaurants. As demand in off-premise dining increases, the Association predicts growth in delivery, virtual restaurants, subscription services and grab-and-go locations. [Read more]

Ralph Lauren introduces digital product IDs to all products
The retailer has launched digital product identities to verify the authenticity of its products. The IDs were launched in partnership with software company Evrythng and adhesive manufacturing company Avery Dennison. Consumers can authenticate merchandise, view product information, and receive styling advice by scanning the QR code on the product with a smartphone. The IDs have been implemented across Polo products in select stores and on its website. [Read more]

Week of November 4, 2019

25% of consumers have started holiday shopping, Amazon’s 1-day delivery poses threat to retailers, plus more retail news

‘Retail vortex’: How deepening discounts and thinning profit margins could take their toll this holiday season
On Nov. 5, the ecommerce marketplace will host a holiday hotline to offer free personalized shopping advice. Shoppers will speak to a team of in-house experts about who they’re shopping for and their price point. The Etsy team will then send a follow-up email with suggestions. Callers will receive Etsy gift cards and free shipping for their gifts. [Read more]

Argos and Lego host “Arghost” in-store ghost hunt
The U.K. retailer is partnering with Lego to host an after-dark in-store ghost hunt on Halloween, led by ghost-hunter Yvette Fielding. Using Lego’s augmented reality-enabled smartphone app, the themed ghost walk will take place over two floors of the Tottenham Court Road store and will reveal eight new Lego sets. [Read more]

A quarter of consumers have already started holiday shopping
Consumers have begun their holiday shopping ahead of the season, according to a survey of 1,000 U.S. consumers conducted by ecommerce platform Profitero. Forty-five percent say they plan to start shopping before November and 25% say they started in September. As much as 41% of respondents say they plan to spend the most money online shopping in November. [Read more]

Amazon’s one-day delivery is the next big threat to retail industry, Morgan Stanley says
The ecommerce company’s one-day shipping which rolled out for over 10 million products for Prime members in June this year will raise consumer expectations and pose a big threat to retailers, according to Morgan Stanley. Other retailers might be forced to compete on that same expectation, which would impact their profits. Last week, Amazon announced that it will start delivering grocery products within two hours to Prime members. [Read more]

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