Today’s Tipsheet: Walmart’s “Get on the Shelf” Competition | Retail Trends for 2nd Half of ’13
“3 Hottest Retail Topics for the First Half of 2013 – Retail Trends to Watch in the Second Half of 2013” by Barbara Farfan at Retail Industry. “Better over bigger is an obvious trend that will continue in the second half of 2013 in the U.S. retail marketplace saturated with choices. The largest U.S. retail chains will continue to “rightsize” with fewer stores and smaller formats because consumers have made it clear that more is not better – better is better.” See the full list: https://retailindustry.about.com/b/2013/06/30/13-hottest-retail-topics-for-the-first-half-of-2013-retail-trends-to-watch-in-the-second-half-of-2013-aapl.htm
“Walmart Competition Gives Entrepreneurs the Chance to ‘Get on the Shelf’” “Walmart today kicked off a new installment of Get on the Shelf, a social, crowdsourcing competition developed by @WalmartLabs that gives entrepreneurs a chance to get noticed and sell their products on Walmart.com and potentially in select Walmart stores. Entrepreneurs, business owners and inventors can enter now through July 31 by submitting a video featuring their product at https://getontheshelf.walmart.com.” Read more: https://news.walmart.com/news-archive/2013/07/01/get-on-the-shelf
“Rona to close Versatile Drive store (in Canada)” at Kamloops News. ““This to me shows that they’re just not able to compete on the big-box level with the likes of Home Depot and Lowe’s in those key markets anywhere outside of Quebec,” Dley said from Vancouver. The fact that Rona is closing rather than selling these locations suggests that they are underperforming and likely couldn’t attract buyers, he said, adding he doubts Lowe’s will try to fill the void.” Read more: https://www.kamloopsnews.ca/article/20130627/KAMLOOPS0101/130629862/-1/kamloops01/rona-to-close-versatile-drive-store
“Ulta Wants 1,200 Stores — More than Doubling Current Number” by Andria Ching at WSJ. “Ulta Salon, Cosmetics & Fragrance Inc., after increasing its square footage 22% last year to 576 stores across 46 states by the end of the first quarter, is planning for another 125 net new stores this year. The company targets a 1200-store count as it eyes 15-to-20% annual square-footage growth.” Read more: https://online.wsj.com/article/SB10001424127887324688404578541521698323806.html?mod=dist_smartbrief
“‘Pawn Stars’ Co-Star Rick Harrison: Over-Regulation Must End” by Paul Toscano at CNBC. “Pawn shops are considered a good consumer indicator. Harrison said he has an influx of sellers in bad times, whereas buyers dominate in a good economic environment. Right now, he said, “it’s right around the middle.” Read/See more: https://www.cnbc.com/id/100852495
“Lumber Liquidators Opens 300th Store” “To date in 2013, Lumber Liquidators has opened 12 new stores and expects to open a total of 25 to 35 stores by year-end, all in its “store of the future” format. The store of the future design enhances the shopping experience for customers with an expanded store showroom of approximately 1,600 square feet.” Read more: https://www.prnewswire.com/news-releases/lumber-liquidators-300th-store-sale-to-run-through-june-30-213599161.html
“99 Cents Only Stores Provides Update On Fiscal 2013 Financial Results” “The Company expects net sales for the fiscal year ended March 30, 2013 to be approximately $1.7 billion, approximately 9% higher than the prior year, and same store sales for fiscal 2013, calculated on a comparable 52-week period, to be approximately 4% higher than the prior year.” Read more: https://www.prnewswire.com/news-releases/99-cents-only-stores-provides-update-on-fiscal-2013-financial-results-213568611.html
“Americans Enjoy Pretending to Understand the News” by Jane Wells at CNBC. “The survey for Next Issue Media said more than one in three of us, 37 percent, “have pretended to know about a news story to impress someone else.” What’s more, people who own tablets (a.k.a. “hipsters”) feel even more pressure to look like they’re on top of the news, with more than half of them admitting they’ve lied.” Read more: https://www.cnbc.com/id/100847087
“Android, Led By Samsung, Continues To Storm The Smartphone Market, Pushing A Global 70% Market Share” by Ingrid Lunden at Techcrunch. “Although smartphone penetration is slowing down in developed markets like Europe, Android’s does not appear to be: that 70.4% of sales is nearly 10 percentage points higher than it was a year ago…A similar story is being played out in China, now the world’s biggest market for smartphones. There, Android has basically won the game (for now), with over 70% of all sales of smartphone devices accounted for by Google’s platform.” Read more: https://techcrunch.com/2013/07/01/android-led-by-samsung-continues-to-storm-the-smartphone-market-pushing-a-global-70-market-share/
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