Morning Brew - ☕ Tales out of school

Back to school post mortem.
September 05, 2024

Retail Brew

Particl

Hey there, it’s Thursday, and did you know that people living in the Mountain time zone are on average 6% happier? At least that’s what Mountain Dew believes and to put its money where its mountain is, it is giving out free Mountain Dew to anyone who crosses into Mountain Time via planes, trains, cars, or even on foot. Sounds like an excuse to enjoy a weekend in the mountains.

In today’s edition:

—Alex Vuocolo, Erin Cabrey, Andrew Adam Newman

STORES

Checking the list

school supply shopping Getty Images

The back to school shopping season has been going strong since at least the beginning of July, per a survey from the National Retail Federation. However, with more school-related purchases still coming their way, retailers are only offering hints of how this crucial pre-holiday shopping season is going so far.

Walmart US president and CEO John Furner told shareholders on August 15 that back to school “started off strong this last couple weeks,” but that “about 50% of our customers still say they have a lot of shopping left to do.”

“We have to continue to execute really well, clean up, come out of the season strong so that then we can move to the next holiday, which will be Labor Day,” he said. “So good start, but a lot of trading left to do.”

Target’s Chief Commercial Officer Rick Gomez said back-to-school sales reached their peak in the front half of Q3, and highlighted that the home category, which grew more than 7 percentage points in Q2, is on track to perform well again. In addition, he stressed the importance of affordability, noting that Target is offering 20 of the most popular school supply items such as crayons, notebooks, and backpacks for a combined price of less than $20.

Both retail giant’s Q2 results included the month of July, but the bulk of back-to-school shopping was expected in August, which means many retailers won’t have to reveal their sales numbers for the period until the middle of fall. But how experts are interpreting these early signals appears to vary widely.

Keep reading here.—AV

   

PRESENTED BY PARTICL

What’s the BCFM 411?

Particl

If you wanna crush Black Friday Cyber Monday this year, you’re gonna need something truly special in your toolbox—i.e., somethin’ that can give you a leg up on the competition. And guess what? It’s your lucky day.

Particl is a competitor intelligence platform trusted by brands like Skims and FashionNova that can help you gain access to the world’s largest e-commerce database. Even better? Right now, you can get access at no cost for 14 days.

What can Particl really do for you? They can help you:

  • Uncover competitors’ top products and pricing strategies.
  • Identify emerging trends to refine your strategy.
  • Benchmark your brand against industry leaders.

Dominate the holiday season.

GROCERY

Strike up the brand

Albertsons new private label Overjoyed Albertsons

Albertsons today debuted a new private label brand, Overjoyed, spanning treats, gifts, and decor.

The new line, which the company noted is its “first major private label debut in recent years,” is sold across Albertsons, Safeway, Vons, Jewel-Osco, ACME, and Shaw’s.

Offerings include sugar cookies, mini palmiers, French macarons, baking chips, snack mixes, and seasonal items like vampire fang gummies. An extension of the brand called Overjoyed Boutique includes vases, candles, and seasonal gifts. Bakery items appear to range from $4.49 to $39.99, per the Safeway website.

Keep reading here.—EC

   

RETAIL

For good measure

An illustration of Tootsie, a friendly monster who appears on the screen of a Aetrex's 3D foot scanning device to guide children when their feet are being measured. Aetrex

Retailers are always trying to get a foot in the door with consumers, but surely none so literally as shoe stores, and a new size-measuring device for kids aims to win them—and their credit-card wielding parents—over.

Aetrex, which already makes a popular 3D foot scanning device used by shoe stores, Albert 2 Pro, is introducing a new twist: Tootsie, a friendly monster on the device’s screen who instructs and entertains kids for the short process of holding still while the scale-like platform they’re standing on measures their feet.

The new software has rolled out on Aetrex devices at more than 1,000 US shoe stores, including at Tradehome Shoe Stores and some DSW locations.

Keep reading here.—AAN

   

TOGETHER WITH SIMILARWEB

SimilarWeb

Add to cart. Online shopping numbers are regaining their buzz. E-commerce saw 1.4% growth in 2023, a solid rebound from a slight dip in 2022. Want the full scoop? SimilarWeb’s State of Ecommerce 2024 report is jam-packed with stats, performance numbers, and must-know info for crushing the retail game. See for yourself.

SWAPPING SKUS

Today’s top retail reads.

Private practice: Inside Nordstrom’s founding family’s bid to take the firm private for $3.8 billion. (Business of Fashion)

Two sides: Why a Shein pop-up is dividing opinions in South Africa. (Reuters)

Squeezed in: How cash-strapped consumers and competition from the likes of Walmart are driving the dollar store into hard times. (CNN)

JOBS

Forget generic job searches. CollabWORK leverages the power of community to connect you with relevant opportunities in Slack channels, Discord servers, and newsletters like Retail Brew. Land your dream job through the power of your network with CollabWORK.

NUMBERS GAME

The numbers you need to know.

Who doesn’t love a trip to the mall? It seems a lot of Americans do. Shoppers flocked to malls throughout August and the Labor Day weekend, perhaps to beat the heat and score a good deal.

  • According to data on foot traffic from the PropTech firm MRI Software, shopping mall traffic during the weekday period was up 10.7% YoY and 9.9% over the holiday weekend.
  • Overall, shopping mall traffic increased 2.5% month over month and 10.4% YoY.

And of course, with Labor Day weekend ushering in deals and promotions, shoppers were only more inclined to shop at the mall with foot traffic up by 38.9% week over week.

  • The really good news is that those rates were up 56.2% compared to Labor Day weekend in 2019 hinting at a “full recovery from pandemic-induced struggles,” according to MRI.
  • Things were looking good even in downtown areas, which saw an 11.2% YoY increase in visits on Sunday over the Labor Day weekend.

“Our takeaway for the US overall is that people love outdoor events, but good sales can drive them indoors,” Cederick Johnson, senior director at MRI Software, said in the report. “That’s why downtowns and malls alike thrived over the holiday weekend.”

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

☕ Superfluous AI

Thursday, September 5, 2024

The dangers of exaggerated AI claims. September 05, 2024 Tech Brew PRESENTED BY Canva It's Thursday. Ever spot a product touting its artificial intelligence capabilities and hear a record scratch,

☕️ Blocking the steel deal

Thursday, September 5, 2024

The US Steel sale runs into politics... September 05, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Impact.com Good morning. The NFL is back tonight, and your fantasy team, “Sam

☕ Sweet treat

Wednesday, September 4, 2024

Why Reese's partnered with Angel Reese—beyond the obvious reason. September 04, 2024 Marketing Brew PRESENTED BY Monday.com It's Wednesday. The final countdown is on, and we're officially

☕ Going with the flow

Wednesday, September 4, 2024

Sequel co-founder Greta Meyer. September 04, 2024 Retail Brew PRESENTED BY Particl Happy Wednesday, and happy birthday to the one and only Beyoncé, who this year not only gave us new music, but also a

☕ Caucus conundrum

Wednesday, September 4, 2024

Spam ticked up amid the DNC. September 04, 2024 Tech Brew PRESENTED BY Canva It's Wednesday. It might be a short week, but there's no shortage of tech news. Let's get into it. In

You Might Also Like

What A Day: Florida Yes Men

Tuesday, November 12, 2024

Donald Trump's cabinet picks are wild, but he's also chosen a few normies to lead his foreign policy. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

This soft-sided luggage is very cute

Tuesday, November 12, 2024

But is it a good suitcase? View in browser The Recommendation We tested Away's new soft-sided carry-on A photo of someone holding the handle of a soft-sided suitcase, next to a photo of someone

Bigotry Is Not the Answer to Donald Trump

Tuesday, November 12, 2024

Columns and commentary on news, politics, business, and technology from the Intelligencer team. Intelligencer 2024 election Bigotry Is Not the Answer to Donald Trump Post-election, liberals scramble

Wednesday Briefing: Trump’s team of loyalists

Tuesday, November 12, 2024

Plus, the new series “Say Nothing.” View in browser|nytimes.com Ad Morning Briefing: Asia Pacific Edition November 13, 2024 Author Headshot By Gaya Gupta Good morning. We're covering the latest on

Another cable news star goes the independent route

Tuesday, November 12, 2024

PLUS: Will the media experience another "Trump bump"? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

We Were Built For This Moment

Tuesday, November 12, 2024

Here's how The Lever's team will be holding the powerful accountable in this new era of corruption — and what you can do to help. We Were Built For This Moment By The Lever • 12 Nov 2024 View

Let There Be Light

Tuesday, November 12, 2024

The Important Stuff, Western Sieve ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

☕ Gift guides, unwrapped

Tuesday, November 12, 2024

A PR expert's guide to landing brands on a gift guide. November 12, 2024 Marketing Brew presented by Amazon Ads It's Tuesday. After presumably consulting the Grinch, Saks Fifth Avenue is

Trump’s victory is a green light for genocide in Gaza

Tuesday, November 12, 2024

The slaughter we've witnessed over the past 13 months has been shocking to the conscience. But what comes next could be unimaginably worse. The founding charter of Benjamin Netanyahu's Likud

Amperity names new CEO | Starform raises $6M | Apple sets smart cam sights on Ring and Wyze 

Tuesday, November 12, 2024

We tried the 'Tomb Raider' escape room in Seattle ADVERTISEMENT GeekWire SPONSOR MESSAGE: Get your ticket for AWS re:Invent, happening Dec. 2–6 in Las Vegas: Register now for AWS re:Invent.