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Issue 01-17-2022

Hy-Vee will enter four more states

WEST DES MOINES, Iowa — Midwestern grocer Hy-Vee Inc. sees growth opportunities to the south and east. The retailer has confirmed plans to expand into the Indianapolis; Nashville; and Louisville, Ky., markets as part of the next phase of its expansion plan. The Des Moines Register reported last month that Hy-Vee plans to expand into

Eager gift buyers drive holiday sales up 8.5%

PURCHASE, N.Y. — Retail sales (excluding automotive) increased 8.5% year over year this holiday season, according to Mastercard SpendingPulse. Online sales grew 11% compared to the same period last year, the preliminary insights show. Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, defines the holiday season as running from

WBA’s first quarter earnings far surpass expectations

DEERFIELD, Ill. — Walgreens Boots Alliance’s (WBA’s) first quarter sales and profits topped Wall Street’s expectations, and its own. Customers flocking to stores for COVID vaccines and tests helped drive a 7.8% increase in sales, to $33.9 billion, for the three-month period ended November 30. That easily topped analysts’ prediction of $32.7 billion. Adjusted earnings

Tech innovation has a broader reach

The Consumer Technology Association’s (CTA’s) big event, CES, returned to Las Vegas this month after COVID-19 forced an all-digital show last year. The embrace of the in-person event — CES 2022 drew about 2,300 exhibiting companies — in the face of a lingering pandemic may suggest that there are limits to the kinds of human

How household goods companies can adapt to new lifestyles

Editors note: In the first part of this two-article series, the authors discussed how the pandemic has changed the average consumer’s home from just a place to come to after work to a 24-7-365 multi-use space that comprises home, gym, workplace, cooking and eating headquarters, party space, and in some instances school. Companies that have

The evolution of category management and what’s next

Category management is now 30-plus years old and it’s time to evolve. Most retailers and CPG suppliers have effectively implemented some form of category management and have for some time. Even the United States federal government finally implemented category management. However, as all things mature, change is required to keep up with the shifting shopping