Morning Brew - ☕ Shelf care

ICYMI: Walmart’s digital shelf labels.
Advertisement Advertisement
August 27, 2024

Retail Brew

Klaviyo

It’s Tuesday, and two national restaurant chains are bringing in new CEOs. Red Lobster is hiring the former CEO of P.F. Chang’s, and Outback Steakhouse is hiring the former chief operating officer of Delta Air Lines, which speaks highly of his management expertise, given the reputation of airline meals.

In today’s edition:

—Alex Vuocolo, Vidhi Choudhary

STORES

Put that idea on the shelf

Walmart prices Bob Riha Jr/Getty Images

The humble price sticker may be on its way out at the country’s biggest retailer.

Walmart last week announced plans to adopt “digital shelf labels,” or DSLs, at 2,300 stores—which is around half of its US footprint—by 2026 according to Reuters. The upside, according to the retail giant, is that store employees will now be able to update prices within minutes, speeding up a process that used to take two days and giving them more time to assist customers in other ways.

This may sound like a recipe for embracing dynamic pricing, which is the practice of adjusting prices in real-time, but Walmart stressed that the technology is more about speeding up its existing process for updating tags.

Keep reading here.—AV

   

PRESENTED BY KLAVIYO

Connect where (and when) it counts

Klaviyo

Gearing up for BFCM? Yeah, we see you updating your website, mobile app, and social media. The problem? So is everyone else.

Don’t let your brand get lost in all the BFCM noise. With Klaviyo’s all-in-one platform + BFCM guide, you can be sure you’re reaching customers when and where they want to hear from you. (And trust us, they do want to hear from you.)

Klaviyo’s 10 Omnichannel Tactics Proven to Drive BFCM Sales guide will help your brand cut through the chatter with 10 omnichannel tactics. The guide covers topics like:

  • smarter segmentation strategies
  • sign-up form optimization for list growth
  • reaching more people faster on social with their Lookalike Audience Builder
  • building an impactful post-purchase journey

Bring your A game with this guide this BFCM.

E-COMMERCE

Data decisions

Google logo with binary code and ai elements Francis Scialabba

At its Think Retail conference on Tuesday, Google made its annual pitch to merchants to use its search and AI tools—with a few improvements—as they prepare for the holiday season. The tech giant may have lost a landmark ruling to the FTC recently, but that’s not stopping it from finding ways to meet its holiday targets.

In a blog post, the search behemoth said that in the coming weeks, retailers around the world using Merchant Center Next will be able to use Google’s search capabilities to jump on shopping trends that are going viral.

“The trending data is a key way that we can go focus on that, where it’s, here is what users are currently shopping for and looking for right now, and including the words and the way the users are actually framing it, the way they’re searching for it, and allowing the retailers themselves to act on it,” Jeff Harrell, Google’s senior director of merchant shopping, told Retail Brew.

Google said the feature may help retailers “make better informed inventory decisions” and help them craft product descriptions that include key terms shoppers are using to search for items.

Keep reading here.—VC

   

RETAIL

Dressing for less

off-rack clothes Chip Somodevilla/Getty Images

As essentials have gotten more expensive, consumers are trying to save on clothes. The market share for “value apparel” increased almost 4% among Gen Z and millennial shoppers within the last year, according to new internal card data from Bank of America. The bank defines value apparel stores as those that serve customers with the lowest median income. In July, household spending on value apparel had increased 13% from July 2019.

And discounters are benefiting. TJX, the parent company of Marshalls and TJ Maxx, reported a 4% increase in consolidated comparable store sales in Q2, and CEO Ernie Herrman expressed confidence that its model will keep customers coming. “We’re convinced that consumers will keep seeking value,” he said. “We believe our strategy of trading across a broad range of income and age demographics differentiates us from other retailers and remains a tremendous advantage.”

Ross Stores also reported a 4% YoY increase in comparable store sales, and attributed the bump to higher-priced necessities driving customers toward value in their discretionary spending.

Keep reading here.—AV

   

SWAPPING SKUS

Today’s top retail reads.

Pay bumped: The National Labor Relations Board is set to issue a complaint against Chipotle for allegedly denying raises to unionized employees. (Reuters)

Backing down: Lowe’s will stop participating in surveys for the Human Rights Campaign as it scales back on diversity, equity, and inclusion programs. (Bloomberg)

Powering up: SharkNinja is looking to become a bigger presence in kitchens and homes. (the Wall Street Journal)

BFCM boost: Get Klaviyo’s 10 Omnichannel Tactics Proven to Drive BFCM Sales guide to learn 10 top-notch omnichannel ways to reach your audience. Learn smarter segmentation strategies + more with this guide.*

*A message from our sponsor.

JOBS

Stop waiting for your dream job to find you. CollabWORK puts you in front of the right opportunities in the online spaces you frequent. Get discovered by top companies and take control of your career path.

SHARE THE BREW

Share Retail Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
retailbrew.com/r/?kid=303a04a9

         
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕️ Game day drama

Tuesday, August 27, 2024

Why a popular new video game is so controversial... August 27, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Monogram Good morning. Here's the story, morning glory: Oasis is getting

☕ That’s the spirit

Monday, August 26, 2024

How The Washington Spirit turned Olympic hype into ticket sales. August 26, 2024 Marketing Brew It's Monday. Skydance, which had reached a deal to acquire and merge with Paramount last month,

☕ Summer flings

Monday, August 26, 2024

How back-to-school season has changed. August 26, 2024 Retail Brew PRESENTED BY T-Mobile for Business It's Monday, just one week until Labor Day, which marks the unofficial return to fall. As we

☕ Fresh juice

Monday, August 26, 2024

Ample claims it can swap out an EV battery in about five minutes. August 26, 2024 Tech Brew TOGETHER WITH Indeed It's Monday. Don't fret about this Wednesday's highly anticipated Nvidia

☕ Shock to the system

Monday, August 26, 2024

Kroger's plans to buy Albertsons go to trial... August 26, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY AT&T In-car Wi-Fi Good morning. MLB catcher Danny Jansen will make history

You Might Also Like

Open Thread 346

Monday, September 9, 2024

... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

To patch this server, we need to get someone drunk [Mon Sep 9 2024]

Monday, September 9, 2024

Hi The Register Subscriber | Log in The Register {* Daily Headlines *} 9 September 2024 Drunk and asleep at laptop To patch this server, we need to get someone drunk When maintenance windows are hard

A 78 year-old man vs a lot of young people

Monday, September 9, 2024

Algeria's presidential elections what happened last week in Asia, Africa and the Americas Hey, this is Sham Jaff, your very own news curator. Each week, I highlight some of the biggest stories from

Highline Public Schools cancels classes Monday due to cyberattack

Monday, September 9, 2024

Breaking News from GeekWire GeekWire.com | View in browser BREAKING NEWS Highline Public Schools, a 17500-student district south of Seattle, canceled classes for Monday due to a cyberattack. It's

Monday Briefing: Judge postponed Trump’s sentencing

Sunday, September 8, 2024

Plus, rural women in China fighting for land rights. View in browser|nytimes.com Ad Morning Briefing: Asia Pacific Edition September 9, 2024 Author Headshot By Gaya Gupta Good morning. We're

IBM CEO: We Listen to What Israel and Saudi Arabia Consider “Correct Behavior”

Sunday, September 8, 2024

IBM employees questioned the company's ties to the Israeli military. CEO Arvind Krishna's answer raised even more concerns. Most Read Israel Just Killed Another American in the West Bank. Will

Are you seeing this?

Sunday, September 8, 2024

Master Plan has had incredible success on the charts and rave reviews from other publications. Master Plan's successful launch continues! After reaching the Top 5 in the News and Politics Apple

Guest Newsletter: Five Books

Sunday, September 8, 2024

Five Books features in-depth author interviews recommending five books on a theme. Guest Newsletter: Five Books By Sylvia Bishop • 8 Sept 2024 View in browser View in browser Five Books features in-

10 Things That Delighted Us Last Week: From Spicy Seltzer to Grab-and-Go Gowns

Sunday, September 8, 2024

The most useful, thoughtful, and just plain fun things we uncovered this week. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may

Guest Newsletter: Five Books

Sunday, September 8, 2024

Five Books features in-depth author interviews recommending five books on a theme. Guest Newsletter: Five Books By Sylvia Bishop • 8 Sept 2024 View in browser View in browser Five Books features in-