Morning Brew - ☕ Summer flings

How back-to-school season has changed.
August 26, 2024

Retail Brew

T-Mobile for Business

It’s Monday, just one week until Labor Day, which marks the unofficial return to fall. As we unpack our sweaters, each day this week, we are featuring a top story from the last few months across our key coverage topics: e-commerce, marketing, stores, and more.

In today’s edition:

—Alex Vuocolo

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Back to school daze

Back to School Supplies Emily Parsons

The back-to-school season is here, and a growing number of early summer sales from the likes of Amazon, Walmart, and Target are changing when and how shoppers purchase their fall essentials.

“I think that Prime Day and the associated sales and discounts from other retailers around Prime Day are being used as a kickoff for back to school,” Neil Saunders, managing director of GlobalData Retail, told Retail Brew.

This is pulling back-to-school spending forward, he said, as parents take advantage of bargains offered at mid-July sales events such as Target Circle Week and Walmart Deals, which have emerged as brick-and-mortar retailers’ answer to Prime Day.

Getting a headstart: This shift in spending is already evident in early survey data. A report from the National Retail Federation and Prosper Insights & Analytics found that 55% of shoppers, as of early July, have already started making purchases for the upcoming school year. Data from JLL showed an even more dramatic shift in spending, with 75.3% of parents on track to start back-to-school shopping by July.

“Families and students are eager to get a jumpstart on their shopping for the start of the school year,” Katherine Cullen, NRF’s VP of industry and consumer insights, said in a statement. “Retailers have anticipated this early demand and are well positioned to offer a variety of products at competitive prices.”

Keep reading here.—AV

   

PRESENTED BY T-MOBILE FOR BUSINESS

Retail’s adopting to modern trends

T-Mobile for Business

There’s no doubt that somebody slammed the reset button on retail. With tech innovations like AI/ML changing the game on personalized customer journey, successful retailers are learning how to adapt to an ever-evolving industry.

Great news: T-Mobile for Business can help. With the right solutions on their most awarded network, you can level up your shopper experience, streamline operations, and boost sales. Ready to soar to the top?

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Crush the new era of retail.

STORES

So back

Target storefront Jorge Villalba/Getty Images

Target finally hit the mark in Q2 with a return to growth after several quarters of slumping sales. The turnaround, CEO Brian Cornell told shareholders, is the result of the retail giant’s focus on lowering prices and providing value to inflation-weary customers.

“On the frequency side of our assortment, both our food and beverage, and essential categories saw traffic growth in the quarter as consumers are responding to our offerings in an environment where they’re focused on value,” he said in an earnings call.

The executive said Target cut prices on 5,000 frequently purchased items over the summer, and launched a new loyalty program, Target Circle, that added more than 2 million new members in Q2.

Christine Short, vice president of research at Wall Street Horizon, told Retail Brew that Cornell signaled these moves back in Q1 when he said Target needed to communicate to customers that it could offer value.

Keep reading here.—AV

   

RETAIL

New digs

Wilson tennis balls Sarah Stier/Getty Images

On Monday, SpaceX’s Falcon 6 is set to launch into space with some special cargo: Doritos. The snack brand says its Cool Ranch Zero Gravity flavored mini tortilla chips are “made for space,” because they’re small enough to eat in a single bite, so their flavoring doesn’t float away in zero gravity. The launch is part of the Polaris Dawn Mission, during which the crew plans to execute the first commercial space walk and study the health effects of long-term space travel.

Here’s what else is going on in retail this week:

In sporting events: The US Open kicks off Monday, and that means over the next two weeks, visitors to the USTA Billie Jean King National Tennis Center in Queens, New York, can start shopping at the event’s on-site retail outlets. Sporty apparel brands such as Nike, Wilson, Polo Ralph Lauren, and Fila will have a presence at the stadium.

Keep reading here.—AV

   
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SWAPPING SKUS

Today’s top retail reads.

Superdocket: The legal battle ahead that pits the FTC against Kroger and Albertsons over the grocery chains’ proposed merger. (Associated Press)

Keeping it rail: The Canada Industrial Relations Board ordered an end to the work stoppage at its two largest freight railways. (Reuters)

In deep ship: Climate change and extreme weather are growing issues for retailers promising quick deliveries. (CNBC)

Accelerate your omnichannel: If you want your business to climb the ranks of retail, you gotta crush the channel game. T-Mobile for Business can help you get there. See for yourself.*

*A message from our sponsor.

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