While sales in the pet category surge over the past year and a half, pet food has gained a lot of popularity as a private label product for retailers and grocery stores. That seems to be mostly because private label pet food has both reasonably high profit margins -- and, despite the saturation, is not a hard market to enter into.
For decades, lottery ticket sales were restricted to authorized brick and mortar sellers, mainly made up of convenience stores and gas stations. But in recent years, the effort to digitize U.S. lotteries has been brewing thanks to platforms like Jackpocket and Lotto.com.
In August, coronavirus case rates are spiking once again. While couples may have pushed off their plans during 2020 for 2021 re-do, this year they are tired of waiting. Couples are now buying ready-to-ship styles and casual silhouettes, and rethinking old ideas of big dream weddings in favor of intimate elopements.
Professional sports teams and movie theater chains alike are doubling down on app ordering technology, finding contactless ways to get concessions to fans and minimizing traditional long lines. Still, the space is nascent, as consumers slowly shift their mindsets from impulsivity towards preplanning and concession providers work out kinks.
In 2020, hotel occupancy hit 44% in the U.S., down from 66% in 2019. And, according to one estimate, occupancy will likely hover around 52% in 2021 -- still well below where it was pre-pandemic. As a result, branded partnerships no longer have the gravitas they once held. Now, some brands are changing the way they think about hotel partnerships.
On Friday, Walmart announced that it was giving weekly bonuses and pay raises to warehouse workers across Walmart's 190 warehouse locations. While many companies' employee efforts in May focused on enticing new employees to join new roles, big retailers are finding ways to keep current employees happy and working through what many predict will be a prolonged holiday shopping season.
Brands are embracing one of TikTok's latest trends: restocking. The restock hashtag on TikTok is filled with videos of organizing influencers moving products from their initial packaging to more aesthetically pleasing jars, shelfs and containers around their home.
The return of leisure travel and vacations means rewards programs are getting an overhaul. While many credit card and bank perks have historically focused on earning airline miles, more are diversifying their rewards to reflect the post-pandemic world.
It seems as if gyms can't catch a break. Just months after reopening to the public, gyms and fitness studios now have to be faced with checking proof of vaccination in major cities like New York. Meanwhile, other cities are reinstating indoor mask-wearing, which can also hurt workout attendance.
In 2020, the coronavirus demolished the travel retail industry: airport revenues decreased 66% and exclusive product deals dried up. Now, consumers are returning to travel and brands are again investing in travel-exclusive products and flavors that both give consumers a sense of uniqueness and allow brands to tap into new consumer segments.
On Tuesday, PepsiCo announced that it would be selling a controlling stake across its North American juice brands, like Naked and Tropicana, to private equity firm Pai Partners for $3.3 billion. The deal is another sign that the fruit juice market is loosing steam as consumers move towards low-sugar options and different breakfast beverages.
Shapewear brands used to highlight their ability to make consumers appear thinner. Today, amongst a more casual and more inclusive fashion world, shapewear rebrands. Brands are changing marketing messages and product offerings, playing to a new normal and blurring the lines between shapewear and other fashion categories.
As consumers leave home, big box retailers are marketing towards "travel-at-home," launching new private labels, partnerships and products that are globally inspired and speak to adventure. However, as coronavirus uncertainties remain in flux, suitcase and travel accessories brands are focusing on the home.
Consumers are increasingly considering secondhand purchases as a new form of investment, carefully purchasing appreciating styles. In turn, resale retailers across both the luxury and collectible spaces are seeing rising prices on a wider range of products and brands, and are continuing investments in site features and customer services to create consumer trust in a relatively new space.
At the Modern Retail Summit, retail marketers will discuss everything from the Amazon effect to new infrastructure to the shift in the direct-to-consumer world.Book Passes