Dia Patel P.’s Post

#Walmart's Bold Move: Opening 150 Stores in the Next 5 Years! 🚀 Key insights from Walmart's recent announcement showcase a unique retail strategy, defying the retail apocalypse theory. Here's a quick rundown: 🏬 Store Expansion: Plans to open a large physical store every 12 days for the next 5 years. 💡 Digital Strategy: Emphasizes the importance of a robust digital strategy alongside physical stores. 🔄 Remodeling Plans: Includes remodeling 650 existing stores to align with evolving consumer preferences. 💰 Financial Performance: Reports higher profits in the first three quarters of 2023, with stock prices at historic highs. 🤔 Competition with Amazon: Highlights ongoing competition with Amazon, with Walmart excelling in physical stores. This strategic shift positions Walmart for a dynamic retail future, combining physical and digital elements to meet evolving consumer needs. 🌐✨ #Walmart #RetailStrategy #DigitalTransformation

Walmart's Bold Investment Plan Walmart is investing in 150 new or revamped stores and a major remodel of existing ones over the next five years. This exciting new move will create thousands of jobs and give local economies a significant boost. For retailers like Walmart venturing into new store formats and enhanced layouts, it's crucial to test and gather data to truly understand the impact on the in-store customer experience. Retailers can leverage RetailNext cutting-edge analytics to: 📊 Test new store layouts with A/B testing 🛒 Gather insights on customer navigation 🚀 Optimize the in-store experience and boost performance Embrace the future of retail with data-driven decisions and create exceptional customer experiences. #Innovation #CustomerExperience #StoreOfTheFuture #RetailAnalytics https://lnkd.in/d43UhBut

Retail Today / Retail Renaissance: What does the retail landscape look like in 2030? #retailindustry This amazing sector of the economy, produces trillions in sales and provides millions of jobs. However it’s always growing, constantly changing to meet consumers demands. #sales #jobs #economy #shoppingexperience On a personal note, I have lived this chart for the last 50 years, starting with E.J. Korvettes in the late 60’s, then spending 30 years with Kmart during their “heydays” #kmart Let’s look at change, “who moved my cheese”? 1970: Sears dominated the Retail Industry for much of the last century. The go-to-place for middle America, a real Department Store for the masses. The Sears catalog was a staple in every home. #sears Kmart the new kid on the block out of Detroit, a true discounter! Low prices in a convenience suburban setting. During the 70’s Kmart would build 1,500 stores across the country. #kmart 1980: Kmart would start eliminating the regional “big box” players, one by one. #zayre #ames #bradlees #caldor, #hills Home Depot would come on the scene with a massive bang! Opening their first stores out of Georgia in South Florida. I was there, it was unbelievable!! #homedepot 1990: By the late 80’s, Walmart was beginning to stretch its legs. Kmart could feel the impact of this aggressive competitor. By the end of this decade, Walmart would rein over retail. #walmart 2000: Sears, Kmart and many other big box specialty retailers crumble, as Walmart takes over the country. Costco starts to raise its head, with a very unique concept that American loves. #costco Then the exiciting Amazon e-commerce wave that shakes retail to the ground. #amazon Now what does 2030 look like? #futureofretail Big thanks to John B. R. Long and Korn Ferry for this amazing snapshot of retail. #retail #retailtrends #TopRetailExpert

It goes without saying the retail landscape is undergoing a profound transformation, marked by consolidation that brings both convenience and concern. On one side, consumers revel in the variety and competitive pricing offered by mega-retailers. On the other, small businesses, the lifeblood of local economies, are finding it harder to survive in an increasingly homogenized market. Consolidation means fewer players dominate the market. This dominance allows large corporations to leverage their pricing power and extensive reach to outcompete smaller, independent stores. While this creates an unparalleled level of convenience for consumers—it also flattens the retail landscape, making it harder for unique, local businesses to thrive. Essentially like fast fashion vs ma’ and pa’ built fashion. The closure of 32 Stop & Shop locations across New England is a stark reminder of this trend. Despite efforts to renovate and modernize stores, Stop & Shop couldn’t withstand the competitive pressures from giants like Walmart and Target. This isn’t just about one chain’s struggle; it’s indicative of a larger shift where regional and specialty retailers are being edged out by largeconglomerates. Yet, there’s more at stake than just convenience. Local businesses are integral to our communities, and local economies. The decline of these businesses can lead to a loss of community identity and economic diversity. Moreover, according to Jena Greene Warburton, TheStreet, the post-COVID era has exacerbated challenges for retailers with increased theft and higher employee turnover. These factors have forced many to make tough decisions, often leading to store closures and job losses. While Stop & Shop’s investment to lower prices and renovate stores is a commendable effort to stay competitive, it underscores the harsh realities faced by many in the retail sector. As we witness this consolidation, it’s crucial to consider the broader implications. While convenience and competitive pricing are significant benefits, supporting local businesses can sustain economic diversity and community vibrancy. https://lnkd.in/gJKnXBzV #HalifaxWest #WinTogether #capitaladvisory #MandA #restructuring #operatingadvisory #RetailConsolidation #LocalBusiness #CommunityImpact #EconomicDiversity #RetailTrends

So this is what the Retail Apocalypse looks like. Spoiler alert: Everything we are hearing is wrong. Yes, the Economy has certainly brought challenges. It has pressured my company in a number of ways. But are we really in the middle of a retail apocalypse? It is true that it just doesn’t look good: -> 24 retail chain bankruptcies in 2023. -> Several more bankruptcies in 2024. -> 4,600 retail store closures in 2023. -> 3,238 retail store closures YTD in 2024. -> Several retail chains are struggling. So is this it? Is this the end? Well, if that’s what you want to focus on, then yes. Here’s some data the Doomsdayers aren’t telling you: -> 4,600 store closures in 2023, but 5,890 openings. -> 3,238 store closures in 2024, but 3,761 openings. -> Uber growth in Aldi, Walmart, Ulta, Ross, Target, etc. -> Galelli Real Estate predicts a net increase of 21,000 retailers + restaurants this year. **Wow.** True, that the Industry is changing rapidly. Malls are not a great model anymore. Pharmacies are moving online. Customers want 2-hour delivery. Customers want convenience. And far too many trends are getting ignored. But the numbers just don’t suggest a retail apocalypse. They do suggest that we need to pay attention. Retail is changing. Your customer is changing. But there is a net growth in the Industry. ——— 🔹Driving retail velocity in Kroger, Whole Foods, Albertsons, Costco, Walmart, Sprouts, and More 🔹DM me or book an appointment for help! #ecommerce #retailmedia #retailvelocity #retail #cpggrowth #instacart #cpg #tradespend

Can we have a throwback moment? (It's not Thursday yet though) Do you see this photo below? Oh, how it makes me smile!! I was recently walking through a Walmart store when I stumbled upon this simple wall calendar display. It instantly transported me back to the early 2000s, a time of significant innovation and challenge in retail, especially at Walmart. Back then, cross-merchandising products was the new frontier, but it came with its fair share of headaches - issues in receiving, invoicing, and inventory management were just the tip of the iceberg. I think I've talked about this before, but in 2008, I had the privilege of spearheading the MVP initiative within the Fashion Distribution Centers (FDCs). Our mission was clear yet daunting: streamline these processes and overcome the obstacles we faced. The first test of our resolve? This very calendar display! We launched our pilot at FDC #6008 in Bentonville, AR, and executed cross-docking to all 42 Regional Distribution Centers (RDCs). This strategic move was a game-changer. Collaborating closely with suppliers and replenishment managers, we ensured the accuracy of inventory and alignment with Plan-O-Grams. (yes we shipped from one FDC to all 42 RDC's - I didn't say we saved money in transportation - it was more about the mission than the cost at this point!) This pilot was not just successful; it was the foundation of the thriving MVP program that has since influenced the 3PL sector at companies like Bay Cities! Seeing this calendar display filled me with a mix of nostalgia and pride. We dived into this challenge with no playbook or established costing model, just a relentless drive to innovate and succeed. I'm deeply proud of our accomplishments and the ongoing impact of this initiative. It's a testament to the power of innovation, collaboration, and bold leadership that still lives some 16 years later. I'm on the lookout for like-minded innovators eager to push boundaries and reinvent retail. If you've got a vision, I've got the drive and experience to make it happen. Together, we can craft the next big success story in retail. Let's connect and turn your innovative ideas into impactful realities! #walmart #innovation #collaborate #FutureOfRetail #leadershipinaction #makeanimpact #retail #supplychain #transporation #mvp #multivendor #crossmerchandising #POP #pointofpurchase #calendar #calendars

Big Y World Class Market’s story highlights the strength of treating retail as a family affair. It’s also a testament to the value of technology like Computer Assisted Ordering (CAO). By implementing CAO, Big Y optimizes inventory levels, ensures product availability, and minimizes waste—critical components of modern grocery success. By streamlining operations and making data-driven decisions, they not only enhance efficiency but also build trust and loyalty with their customers. Congrats to Big Y! Read the full story here: https://hubs.li/Q02TrfQD0 Learn more about Computer Assisted Ordering (CAO): https://hubs.li/Q02Try3q0 #CustomerSuccess #Innovation #RetailTech #InventoryManagement #Efficiency #Upshop

5 new retail stores are hitting the street. What’s with all the bad news? True Value Company recently filed for Chapter 11 Bankruptcy. CVS announced the closure of hundreds of stores. Walgreens is closing 1200 stores by 2027. And don’t forget Big Lots and Dirt Cheap and Express. Is this the retail apocalypse? Or just a bad news that gets more clicks? But there’s new life on the horizon. Here are 5 hot new pilot stores hitting the streets: 1. Ahora Mucho. -> Hispanic discount grocery format. -> Collaboration between Save A Lot and Leevers Supermarkets, Inc. 2. Amazon Grocery. -> Small format grocery/convenience. -> A mass market complement to Whole Foods Market. 3. ReCharge. -> Premium c-store format. -> An Gelson's Markets banner store. 4. Perigold. -> Modern Home format. -> A Wayfair banner. (Follows AllModern & Joss & Main.) 5. Brothers Marketplace. -> Neighborhood Farmers Market format. -> Launched by Roche Brothers, Inc. Bonus: Spirit of Christmas. -> Pop-up Retailer format. -> A new banner by SPENCER'S GIFTS. -> (Spirit Halloween is a $1B+ retailer.) In fact, here’s the news you may not be hearing: Openings are outpacing closures by 20%. (Link in comments.) There are some great opportunities for emerging brands. Maybe keep an eye out for new banners. They’re rolling out quickly. ——— 🔹 We drive velocity in Sprouts, Whole Foods, Walmart, Target, Walgreens, CVS, Kroger, Sam's, COSTCO, and lots of other retailers. 🔹 We grow brands on Amazon. #cpg #cpggrowth #retailgrowth #retailvelocity #omnichannel #retail #amazonagency #retailmedia #shoppermarketing #instacart #retailtech

Here are some interesting stories from the world of retail for Tuesday, October 15: 🛠️ True Value Company, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, Do it Best. The 4,500 independently operated locations will remain open. 📦 Amazon has reprised its holiday beauty haul for a fourth year. The two-week event runs October 21 through November 3, with discounts of between 10% and 50% off. Some early deals are already available. ☕️ Starbucks’ new boss is putting his stamp on the company by cutting back on discounts and promotions. Starbucks offered a variety of deals mainly to loyalty-program members. 🚚 Logistics operators and fulfillment providers are largely holding their seasonal hiring plans steady with last year as they prepare for what they expect to be a muted holiday shopping season. 🎸 Music gear retailer Guitar Center has appointed Mike Schultheis executive vice president and chief stores officer. Schultheis will oversee and manage all aspects of the company’s retail stores. 🍊 Closing statements in the Colorado trial over what could be the largest supermarket merger in US history are expected in the coming days. Testimony wrapped up Monday morning in the case of Albertsons and Kroger. 💄 Coty warned investors of an expected sales slowdown in the second quarter, joining its competitors in sounding the alarm on a global slowdown in the growth of the beauty market. 🍽️ Doritos has launched a new, bold culinary experience for ticket holders at the Crypto.com Arena in Los Angeles. Doritos After Dark's menu offers everything from spicy appetizers to bold entrées and sweet desserts. 🌟 Seth Dallaire, who has served as Walmart’s chief revenue officer since 2021 after serving in the same position at Instacart, is now assuming the newly created position of chief growth officer of Walmart US. 🧘🏼♂️ Beyond Yoga is combining retail with fitness classes and more at its first-ever location in New York City. It will open a pop-up, dubbed Club Beyond on October 11, at 31 East 17th Street in Manhattan. 💵 Grabango, a checkout-free technology company whose software was piloted in several US convenience store chains, has permanently ceased operations. Grabango was founded in 2016 by Will Glaser. ⛽️ Houston-based oil refiner Phillips 66 is selling its 49% stake in Coop Mineraloel AG to its Swiss joint venture partner for SFr1.06bn ($1.24bn). The JV operates 324 retail sites and petrol stations across Switzerland. 📉 5% of middle-income households now rate their personal financial situation negatively, a 6-point jump from the previous survey in Primerica's Financial Security Monitor series. 🎄 Kroger is looking to hire more than 25,000 workers ahead of the holiday season. #retail #retailnews #economy #DailyRetailNews

We’ve set up a new store operating model for one of the fastest growing retailers in the UK. Zero capex. People & culture focused. All about the ‘why.’ Clear, consistent leadership. Our model delivers demonstrably better availability through better process, fuller stores and industry leading stock accuracy. We’ve inherited everything & haven’t needed our own IT platforms or other ‘systems’ to unlock better process. The answers are often within and we’ve worked with numerous internal folks to ‘convert’ them to the new way. Accuracy is Accuracy! We’ve approached things very differently; fixed the basics and have moved away from ‘aimlessly prescriptive retailing.’ No digital ‘eye in the sky’ checklists so we fool ourselves that things are being done. Very few lead indicators actually. The biggest progress marker? ‘Control’ That’s a hard sell to anyone. Do this & ‘You’ll be in control.’ But now? The store will all tell you that they like being in control and that process adherence is everything. No cheat codes! It’s a hell of a story and one I doubt will be replicated anywhere in the world of retail. I’d be more than happy to take you through it and understand if we could land change in your organisation too. #retail #operations #basics #commonthings