April Retail Industry News

Apr 21, 2015 in Mobile, Retail

GoSpotCheck is committed to bettering retail execution, field team management and using mobile data collection to increase performance and revenue for our customers. As a company, we like to keep a finger on the pulse of the retail industry. Here is a roundup of some recent newsworthy happenings in the retail world:

  • Target is altering its grocery department as the retail giant tries to keep up with competitors.
  • Ketchup maker H.J. Heinz and Kraft Foods Group Inc. are merging to form the world’s fifth-largest food and beverage company.
  • Mobile-savvy shoppers are worth targeting. To learn how mobile matters to your business, check out this infographic.
  • Millennials use social networks as a resource for shopping information, not as a purchasing avenue.
  • Starbucks has issued its Global Responsibility Report, citing ethically sourced coffee, water conservation and LEED-certified stores as parts of their 2015 goals.
  • In other news from the food industry, sales of indulgent snacks are higher than those for healthier options.
  • Retailers must focus on collecting and analyzing data, while capitalizing on technological advances—according to the 2015 Mobile World Congress.
  • Apple Watch pre-orders are estimated to top $1 million, and Etsy, the craft-centered website, has gone public and is worth over $3 billion.
  • On-shelf availability remains a struggle for retailers. Many consumers have a three-strikes policy, so the number of placement mistakes must be minimized.
  • Despite predictions, sales at Best Buy are increasing, thanks to strong multi-channel execution.