Morning Brew - ☕ Down to earth

YSL Beauty’s Rewild Our Earth initiative.
April 22, 2024

Retail Brew

Bluecore

It’s Monday, and Earth Day, which is the subject of our top story below. There are countless specials from retailers for eco-friendly products, but one that caught our eye is from a company that makes toilet paper from bamboo fiber and donates 50% of profits to improve worldwide access to clean water and toilets. The DTC brand has a name that’s not quite as fluffy as Cottonelle or Angel Soft: Who Gives a Crap.

In today’s edition: 

—Erin Cabrey, Ryan Barwick, Alex Vuocolo

OPERATIONS

Call of the wild

Chiribiquete Amazon rainforest in Colombia YSL Beauty

Morocco had long served as inspiration for Yves Saint Laurent’s eponymous founder—so much so that there’s an entire museum in Marrakech dedicated to his work—and nearly a decade ago, YSL Beauty decided to give back to the ecosystem of the country that had been its muse and ingredient source.

Thus began the luxury beauty brand’s efforts to “protect and restore biodiversity,” Caroline Negre, YSL Beauty’s international sustainability and scientific director, told Retail Brew. It started with the Ourika Community Gardens in Morocco, created to sustainably produce ingredients used in its cosmetics. In 2017, the brand officially debuted its Rewild Our Earth initiative in Morocco, which focused on ecosystem restoration before partnering with global NGO Re:wild in 2022. It’s since expanded the initiative to Haiti, Madagascar, Indonesia, and Canada with the goal of restoring 100,000 hectares of wilderness by 2030.

Now, the brand is on track to be halfway to that goal by year’s end, according to Negre, and two new partnerships it announced last week in the Bahamas and Colombia should help push it even further.

Negre spoke to Retail Brew about how the program has evolved and the future of the brand’s sustainability efforts.

Keep reading here.—EC

   

PRESENTED BY BLUECORE

Get growing

Bluecore

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The baked-in challenges of rising acquisition costs, the loss of third-party cookies, and a growing dependence on mass marketing make reaching customers harder than ever.

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  • the relationship between identification rate + repeat purchases
  • how active buyers order (+ spend) more than new buyers across every industry
  • the gold mine of inactive customers hidden in your customer file

Get your copy while it’s hot.

MARKETING

Networking

Chase bank logo Jon Hicks/Getty Images

Another company is jumping on the retail media bandwagon.

Earlier this month, Chase announced the creation of a new business within the company called Chase Media Solutions, which will help advertisers target Chase customers based on their shopping habits.

Chase has been in the business of retail media for at least five years, since it introduced Chase Offers in 2018, a program that lets advertisers offer cashback and discounts to Chase customers, in-app or online. But Chase Offers had previously been handled entirely by a third party.

Keep reading here.—RB

   

STORES

Earth Week

Earth Day Surasak Suwanmake/Getty Images

It’s Earth Day today, and brands are holding promotions this week for environmentally friendly products such as reusable bags, footwear made from sustainable materials, and hydroponically grown lettuce. Companies such as Levi Strauss & Co. and REI are also touting their efforts to get customers to reduce, reuse, and recycle products.

Here’s what else is going on in retail:

In earnings: Several retail and retail-adjacent companies will release Q1 earnings this week. On Monday, Albertsons will be one of the first major supermarket chains to report this season. Visa will report on Tuesday, and is likely to provide some high-level insights on consumer spending behavior; representing CPGs that same day is PepsiCo. UPS, Chipotle, and Tractor Supply Company are also on deck this week, to name just a few.

Keep reading here.—AV

   

TOGETHER WITH BLOOMREACH

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SWAPPING SKUS

Today’s top retail reads.

Self doubt: Walmart is the latest retailer to signal that it’s rethinking self-checkout, removing the self-service lanes from a store outside St. Louis. (CBS News)

Kitchen synch: How New York’s influx of migrants could help solve the city’s restaurant-worker shortage. (Marketplace)

Bean brag: A coffee roaster in Helinski used AI to create a blend of coffee they’re calling AI-conic. (Associated Press)

Most valuable shoppers: Repeat customers spend waaaaay more than new buyers across all retail categories, so your growth plan should prioritize them. Learn to fill gaps in your strategy with Bluecore’s new report. Get it here.*

*A message from our sponsor.

HOT TOPIC

At the mall, it’s where band tees are the only tees. In Retail Brew, it’s where we invite readers to weigh in on a trending retail topic.

Members of the Nordstrom family—namely CEO Erik Nordstrom and President Pete Nordstrom—revealed that they are considering taking Nordstrom Inc., which has had lagging sales, private. Morningstar analyst David Swartz told Bloomberg that they are “probably thinking that they need to take it private to do some significant changes to the business outside of public view to get the business back on track.”

You tell us: Do you think it’s wise for publicly traded retailers facing revenue challenges to go private to address the problems free from the pressure of shareholders? Cast your vote here.

Circling back: Last week, we told you about how nearly 1 in 3 Americans aged 50–80 reported they’d gone to a health clinic inside retail locations like drug stores or big-box stores within the last two years. So we asked if you’d sought treatment in a health clinic inside a retail store and if you’d do it again.

Nearly half of you (45.2%) had gone to a health clinic inside a retail store and would do so again, while just 4.8% of you had done so but would not again. Another 30.6% had not gone to a health clinic inside a retail store and were unwilling to give it a try, while 17.7% hadn’t done so but were willing to give it a try, and 1.6% of you did not know or weren’t sure.

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