Walmart is getting into the Angus beef business

The nation’s largest grocer is creating its own end-to-end supply chain to sell no-hormone added Angus beef cuts in 500 Walmart stores across the southeast later this year. “Creating this supply chain allows us to treat our customers by giving them unprecedented quality and transparency.” However, the new supply chain won’t cover all of the retailer’s beef needs. Walmart shares were up less than 1 percent in trading on Wednesday. Tyson shares fell more than 1 percent.


The nation’s largest grocer is creating its own end-to-end supply chain to sell no-hormone added Angus beef cuts in 500 Walmart stores across the southeast later this year. “Creating this supply chain allows us to treat our customers by giving them unprecedented quality and transparency.” However, the new supply chain won’t cover all of the retailer’s beef needs. Walmart shares were up less than 1 percent in trading on Wednesday. Tyson shares fell more than 1 percent.
Walmart is getting into the Angus beef business Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: jessica bursztynsky, john gress, getty images
Keywords: news, cnbc, companies, walmart, shares, business, wont, cattle, tyson, beef, creating, getting, retailers, chain, angus, supply


Walmart is getting into the Angus beef business

Walmart announced Wednesday it is entering the beef industry.

The nation’s largest grocer is creating its own end-to-end supply chain to sell no-hormone added Angus beef cuts in 500 Walmart stores across the southeast later this year.

“Beef is an important purchase for our customer … it’s likely the most expensive item on their plate and they are treating themselves when they buy it,” said Scott Neal, senior vice president of meat, said in a press release. “Creating this supply chain allows us to treat our customers by giving them unprecedented quality and transparency.”

Walmart is working with Texas rancher Bob McClaren of 44 Farms and Prime Pursuits to source the cattle. Mc6 Cattle Feeders will assist with feeding the cattle. Creekstone Farms will process the cattle, then send it on to FPL Foods for packing. The company said its endeavor will create more than 450 jobs. It also will make sure these ranchers are seeing steady demand for their products.

Walmart did not respond to a request for comment from CNBC.

However, the new supply chain won’t cover all of the retailer’s beef needs. Currently Tyson and Cargill provide the majority of Walmart’s beef, and that likely won’t change.

Walmart’s announcement comes a year after it took over a milk processing plant in Indiana. It’s also half a year after its competitor Costco announced it was creating a poultry supply chain, which the company said will account for 40% of its needs, showing retailers’ shift in focus toward production.

In an increasingly competitive grocery industry, the retailers see having a transparent supply chain to be a selling point to consumers and a way to stand out among their rivals.

Walmart shares were up less than 1 percent in trading on Wednesday. Tyson shares fell more than 1 percent. Cargill is privately held.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: jessica bursztynsky, john gress, getty images
Keywords: news, cnbc, companies, walmart, shares, business, wont, cattle, tyson, beef, creating, getting, retailers, chain, angus, supply


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Kraft Heinz’s new CEO inherits challenges left behind by cost-cutting

That strategy at Kraft Heinz — the company 3G formed when it teamed up with Warren Buffett’s Berkshire Hathaway in a $49 billion deal — didn’t work. Kraft Heinz hasn’t done a major transaction since the 2015 merger. While Kraft Heinz later got the contract back, its net sales of salted snacks that year fell 28 percent, according to FactSet. Despite a stronghold in dairy, Kraft Heinz was slow to invest in trends like artisanal cheese, say analysts. He was referring to the breakfast brand Kraft He


That strategy at Kraft Heinz — the company 3G formed when it teamed up with Warren Buffett’s Berkshire Hathaway in a $49 billion deal — didn’t work. Kraft Heinz hasn’t done a major transaction since the 2015 merger. While Kraft Heinz later got the contract back, its net sales of salted snacks that year fell 28 percent, according to FactSet. Despite a stronghold in dairy, Kraft Heinz was slow to invest in trends like artisanal cheese, say analysts. He was referring to the breakfast brand Kraft He
Kraft Heinz’s new CEO inherits challenges left behind by cost-cutting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lauren hirsch, olivia michael
Keywords: news, cnbc, companies, inbev, company, kraft, ceo, private, heinz, heinzs, inherits, challenges, patricio, retailers, marketing, 3g, brands, left, costcutting


Kraft Heinz's new CEO inherits challenges left behind by cost-cutting

Brazilian private equity firm 3G Capital built its reputation by scooping up iconic consumer brands, aggressively cutting costs and using those savings to fund acquisitions.

That strategy at Kraft Heinz — the company 3G formed when it teamed up with Warren Buffett’s Berkshire Hathaway in a $49 billion deal — didn’t work. Kraft Heinz hasn’t done a major transaction since the 2015 merger. Its share price is less than half what it was when the deal was announced. Last quarter, the company slashed its dividend by 36 percent and wrote down two of its biggest brands, Kraft and Oscar Mayer, by $15 billion. It also disclosed an investigation by the Securities and Exchange Commission into its accounting and procurement practices.

Now, it needs to rebuild a company that was once emblematic of powerful marketing and iconic brands. The executive they’re putting in charge of those efforts is Miguel Patricio, a 52-year-old native of Portugal, who was named CEO on Monday, effective July 1.

Unlike outgoing CEO Bernardo Hees, a partner at 3G Capital, Patricio has no direct affiliation with the private equity firm. Hees spent his early years running a Brazilian railroad company; Patricio has spent decades in the marketing industry, including two decades at Anheuser-Busch InBev, part of which he spent as chief marketing officer. AB InBev is affiliated with 3G Capital but not owned by the private equity firm.

During his run at AB InBev, Patricio oversaw brands including Budweiser and Stella Artois, boosting sales growth excluding impact from mergers and acquisitions by high single digits. The brands accounted for nearly a third of overall such growth in 2018. In his final year as chief marketing officer, AB InBev was the most awarded brand owner at the Cannes Lions awards for advertising and creative communications.

Still, Hees’ departure raises questions of what went wrong at Kraft Heinz and how Patricio can fix it.

Part of Kraft Heinz’s struggles are due to a failed 2017 bid for Unilever, which threw an unexpected wrench into its M&A strategy. Others are a result of consumers shunning older, bigger food brands for healthier eating. It has also been hurt by the pressure retailers are facing as they react to their own competitive threats.

But many of the issues boil down to how the company was run in recent years. Industry insiders and experts said 3G failed to invest enough in its brands, allowed relationships with retailers to deteriorate and lost crucial employees with in-depth knowledge of the food industry.

Kraft Heinz extracted roughly $1.7 billion in savings over two years. The company helped support those savings by slashing research and development and tightening marketing dollars, analysts say. It also cut 2,500 jobs — roughly 5 percent of its workforce — within a month of the merger. Then, three months later, it slashed another 2,600 jobs.

Partially because of the culture that 3G instilled, none of the business unit heads in place when Kraft and Heinz merged are in the same role, and many have left.

Kraft Heinz clamped down on paying retailers for in-store promotions and shelf space, believing its status as the third largest U.S. food company gave it more bargaining power. In 2017, it lost a vital contract for its Planters peanuts business with Walmart’s Sam’s Club amid a spat over pricing pressure, according to people familiar with the matter. While Kraft Heinz later got the contract back, its net sales of salted snacks that year fell 28 percent, according to FactSet. (A Sam’s Club spokeswoman declined to comment on negotiations with a specific supplier).

“We may have made a mistake in terms of trying to push hard against certain … retailers and finding out that we weren’t as strong as we thought,” Buffett said on CNBC earlier this year.

The company also shifted its focus from pumping out scores of new products that often fall flat for Big Food brands to taking limited “big bets” on new products. It redid its Oscar Mayer facilities at a rapid-fire rate but was plagued with operational issues, analysts said.

Despite a stronghold in dairy, Kraft Heinz was slow to invest in trends like artisanal cheese, say analysts. Meanwhile, companies like artisanal meat brand Columbus Craft Meats tried to capitalize on consumer perception of Kraft Heinz meats as being old and processed, launching a marketing campaign with the hashtag “nobaloney,” a person familiar with Columbus’s strategy said.

“When Heinz acquired Kraft, there was a hope that with a foreign background they would be able to inject some new ideas into the portfolio, but in hindsight the efforts weren’t broad or aggressive enough,” said Wells Fargo analyst John Baumgartner.

“They did have some small successes, like Just Crack an Egg, pulling out artificial ingredients, but overall, the efforts just weren’t impactful enough in aggregate.” He was referring to the breakfast brand Kraft Heinz launched in 2018 that allows consumers to make an egg scramble in under two minutes.

The strategy’s shortcomings were evident in the results of some key brands, which ceded ground to competitors.

For example, Oscar Mayer’s share of the lunch-meat industry fell from 34 percent to 30.5 percent from 2015 to 2018, according to Nielsen data. Rival Hillshire, owned by Tyson Foods, saw its share jump from 7 percent to 9 percent in that period, while private label lunch meat grew from 15 percent to 18 percent.

Buffett and executives at 3G have acknowledged they made mistakes. Appointing Patricio as CEO is taking that acknowledgement one step further.

“My profile will bring a much more consumer-centric [vision],” Patricio told CNBC in an interview Monday. He also stressed that he would focus on improving Kraft Heinz’s speed, sales growth and brand building.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lauren hirsch, olivia michael
Keywords: news, cnbc, companies, inbev, company, kraft, ceo, private, heinz, heinzs, inherits, challenges, patricio, retailers, marketing, 3g, brands, left, costcutting


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Malls see tsunami of store closures as foot traffic declines further

It’s only April, but already this year more store closures — nearly 6,000 — have been announced than in all of 2018. That’s after 2017 was a record year for closures announced by U.S. retailers amounting to more than 8,000. “I expect store closures to accelerate in 2019, hitting some 12,000 by year end,” Deborah Weinswig, founder and CEO of Coresight, said. Up until the final three months of 2018, indoor shopping malls with “experiential” tenants didn’t benefit from greater shopper traffic on a


It’s only April, but already this year more store closures — nearly 6,000 — have been announced than in all of 2018. That’s after 2017 was a record year for closures announced by U.S. retailers amounting to more than 8,000. “I expect store closures to accelerate in 2019, hitting some 12,000 by year end,” Deborah Weinswig, founder and CEO of Coresight, said. Up until the final three months of 2018, indoor shopping malls with “experiential” tenants didn’t benefit from greater shopper traffic on a
Malls see tsunami of store closures as foot traffic declines further Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lauren thomas, getty images, david ryder
Keywords: news, cnbc, companies, thasos, store, foot, declines, malls, shopping, closures, traffic, tsunami, tenants, stores, retailers, 2018


Malls see tsunami of store closures as foot traffic declines further

It’s only April, but already this year more store closures — nearly 6,000 — have been announced than in all of 2018.

That surely isn’t helping mall owners.

Foot traffic at some of the best shopping centers across the country peaked around August 2018 and has since started to fall, after rebounding for much of last year, according to a new report from data analytics firm Thasos, which uses more than 100 million mobile phones to track when consumers enter and leave certain trade areas.

The good news for a lot of malls was that many retailers made a “comeback” and were able to draw in more shoppers by using promotions in 2018, John Collins, Thasos co-founder and chief product officer, said. “But if you’re selling merchandise at a loss, you can only do that for so long.”

As retailers are now starting to talk about pulling back on discounting, this could be one reason why traffic is dropping at malls, he said, in addition to the fact that some purchases are moving online. Another issue is landlords have been hoping that offering shoppers new experiences would make it more exciting to go to the mall, but the early evidence isn’t showing a boost in activity.

Thasos: Traffic has peaked at enclosed malls anchored by department stores

U.S. retailers so far have announced they will shut 5,994 stores, while opening 2,641, according to real estate tracking done by Coresight Research. That’s more locations slated to go dark than during last year. In 2018, there were 5,864 closures announced and 3,239 openings, Coresight said.

The planned closures include more than 2,000 from Payless ShoeSource, which filed for bankruptcy, hundreds from clothing retailers like Gymboree, Charlotte Russe, Victoria’s Secret and Gap, and discount chain Fred’s. Meantime, chains like Aldi, Dollar Tree, Ollie’s Bargain Outlet, Five Below and Levi’s are planning to open more stores.

On the closures front, however, the outlook doesn’t appear to be getting any better, Coresight predicts. That’s after 2017 was a record year for closures announced by U.S. retailers amounting to more than 8,000.

“I expect store closures to accelerate in 2019, hitting some 12,000 by year end,” Deborah Weinswig, founder and CEO of Coresight, said. “The slowdown we saw in 2018 seems to have been a brief respite in what’s a steady, long-term trend.”

Mall and shopping center owners, looking for ways to fill empty space, have in turn been forced to negotiate on lease terms with tenants and settle on cheaper rents.

“It’s funny because none of the retailers [closing stores] are surprising,” DJ Busch, analyst at commercial real estate services firm Green Street Advisors, said. “But when it happens in a wave, it disrupts negotiating power. It creates a soft point.”

Then, landlords are turning to up-and-coming digitally native brands like shirt company Untuckit, glasses maker Warby Parker and mattress retailer Casper, which are opening hundreds of stores as a group across the country after finding success on the internet, to move into their properties. They’re hoping adding tenants that provide unique experiences, like Legoland, Crayola Experience and Dave & Busters, will lure shoppers from their homes and out to the mall.

But Thasos’ Collins said that might not be going as planned.

His firm found malls with so-called experiential tenants that aren’t just focused on selling products, like Apple, Italian food hall Eataly and Tesla, haven’t been drawing in extra traffic. Up until the final three months of 2018, indoor shopping malls with “experiential” tenants didn’t benefit from greater shopper traffic on a year-over-year basis when compared with indoor malls without any of those unique, nonapparel tenants, Thasos said.

Thasos: Experiential tenants not yet offering ‘meaningful edge’ to traffic like landlords thought

“This suggests [real estate investment trusts] are overpaying to bring in Tesla and Apple, and others, in order to drive foot traffic to the property,” Collins said.

With more store closures likely on the horizon, consumers can expect to start seeing hotels, gyms, apartment complexes, more food halls and grocery stores at traditional malls, turning them into more like city centers. The new Hudson Yards mall, which opened in New York last month, is the perfect example of this mixed-use model.

Mall owners are also experimenting with spaces that let young brands rotate in and out frequently, where they sign short-term leases and gain access to data on foot traffic and shopping patterns. Macerich, the third-largest mall owner in the nation, has a business called BrandBox that it’s rolling out at its centers across the U.S.

“I think this is a multiyear transition,” Busch said. “Cleanse out some of these retailers that lasted longer than they should have. … It’s going to be tough. Anyone who thinks otherwise is too optimistic. But it doesn’t mean this is a dead business. … It can continue to be a good business as underproductive [retailers] go away, and the strong landlords invest.”

Mall owners including Simon, Brookfield, Taubman, Macerich, PREIT, CBL and Washington Prime are expected to report quarterly earnings in the coming weeks and will offer a glimpse at the current leasing environment and how they’re dealing with the latest wave of store closures.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lauren thomas, getty images, david ryder
Keywords: news, cnbc, companies, thasos, store, foot, declines, malls, shopping, closures, traffic, tsunami, tenants, stores, retailers, 2018


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Best Buy names Corie Barry as its new CEO, Hubert Joly to become board’s executive chairman

Hubert Joly, who is Best Buy’s current board chairman and CEO, will become executive chairman of the board, a newly created position, the company said. Barry will also join the board of directors, which will now expand to 13 directors, Best Buy said. Best Buy shares were last down less than 1 percent Monday morning following the news. Best Buy said Joly will continue to advise on certain “key matters” like mergers and acquisitions, and relationships with outside companies. Best Buy shares as of


Hubert Joly, who is Best Buy’s current board chairman and CEO, will become executive chairman of the board, a newly created position, the company said. Barry will also join the board of directors, which will now expand to 13 directors, Best Buy said. Best Buy shares were last down less than 1 percent Monday morning following the news. Best Buy said Joly will continue to advise on certain “key matters” like mergers and acquisitions, and relationships with outside companies. Best Buy shares as of
Best Buy names Corie Barry as its new CEO, Hubert Joly to become board’s executive chairman Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lauren thomas
Keywords: news, cnbc, companies, chairman, company, buy, hubert, board, barry, executive, joly, chief, boards, ceo, officer, corie, best, names, retailers


Best Buy names Corie Barry as its new CEO, Hubert Joly to become board's executive chairman

Best Buy on Monday said Corie Barry, currently the company’s chief financial and strategic transformation officer, will become its new chief executive officer, effective June 11, making her the first woman ever to serve in this role.

Hubert Joly, who is Best Buy’s current board chairman and CEO, will become executive chairman of the board, a newly created position, the company said.

It said the changes are part of the retailer’s board’s “ongoing succession planning process” and are meant “to provide leadership continuity.” Barry will also join the board of directors, which will now expand to 13 directors, Best Buy said.

“Corie has played a critical role in developing and executing the proven growth strategy in place today, and I am confident she has the vision, skills, experience and leadership capabilities necessary to be our CEO,” Joly said in a statement.

Best Buy shares were last down less than 1 percent Monday morning following the news.

There’s some fear on Wall Street that Joly’s stepping down could mean Best Buy’s latest momentum will slow.

But the two executives tried to soothe those concerns during a call with members of the media.

“I think what we have put in place here is a genuinely well-thought out succession,” Barry said. One where the retailer’s board is “deeply involved” and Joly will still be sitting at headquarters “literally right across the hall” from her.

Joly joined Best Buy in 2012 and roughly two years ago laid out a plan for the consumer electronics company to help it achieve a turnaround, at a time when many retailers were figuring out how to incorporate e-commerce into their businesses. He pivoted the company to focus on its in-home advising service, technology as a health-care business and growing partnerships with tech behemoths including Amazon.

Joly has helped Best Buy achieve same-store sales growth for the past eight quarters. In the latest fiscal year, the company said it had already achieved the financial targets it set for fiscal 2021.

“Today’s technology and consumer landscape creates tremendous opportunities for Best Buy to further expand and deepen relationships with our customers and employees, while continuing to deliver shareholder value,” Bary said in a statement. “I am deeply honored to have been selected as Best Buy’s next CEO and look forward to working closely with Hubert.”

Best Buy said Joly will continue to advise on certain “key matters” like mergers and acquisitions, and relationships with outside companies. He’s also expected to help Barry with areas like government affairs and community relations, the company said.

Best Buy also on Monday announced that, effective June 11, current U.S. chief operating officer Mike Mohan will be promoted to president and COO, while the company conducts an internal and external search for a new CFO.

Best Buy shares as of Friday’s market close had climbed nearly 40 percent so far this year.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lauren thomas
Keywords: news, cnbc, companies, chairman, company, buy, hubert, board, barry, executive, joly, chief, boards, ceo, officer, corie, best, names, retailers


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Walmart CEO: The American consumer ‘is in pretty good shape’ right now

“I think … the consumer is in pretty good shape. I think the customer is in about the same shape they were in [the fourth quarter]. “Walmart during the fourth quarter reported earnings and sales that topped Wall Street estimates, boosted by the retailer’s still-growing e-commerce business. It’s true that Walmart has taken a hit on Wall Street for some of its digital investments, which have eaten into profits in the near term. Walmart shares have climbed about 12% over the past 12 months, comp


“I think … the consumer is in pretty good shape. I think the customer is in about the same shape they were in [the fourth quarter]. “Walmart during the fourth quarter reported earnings and sales that topped Wall Street estimates, boosted by the retailer’s still-growing e-commerce business. It’s true that Walmart has taken a hit on Wall Street for some of its digital investments, which have eaten into profits in the near term. Walmart shares have climbed about 12% over the past 12 months, comp
Walmart CEO: The American consumer ‘is in pretty good shape’ right now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: lauren thomas
Keywords: news, cnbc, companies, retailers, consumer, mcmillon, american, street, right, ceo, sales, shape, wall, think, good, online, business, pretty, walmart


Walmart CEO: The American consumer 'is in pretty good shape' right now

Walmart CEO Doug McMillon hasn’t noticed American consumers pulling back on spending to start this year, despite some fear that’s been the case amid a tariff tiff with China and some Americans receiving fewer dollars back in tax refunds in 2019.

“I don’t know that I can call the whole year,” the CEO of the world’s largest retailer told CNBC’s Courtney Reagan Thursday afternoon from the Global Retailing Conference in Tuscon, Arizona. “I think … the consumer is in pretty good shape. I think the customer is in about the same shape they were in [the fourth quarter].”

Walmart during the fourth quarter reported earnings and sales that topped Wall Street estimates, boosted by the retailer’s still-growing e-commerce business. The company is forecasting its digital sales will be up 35% in 2019, slightly less than growth of 40% in 2018. It continues to make investments online to compete with Amazon, including launching a new baby registry, growing its online grocery business and acquiring start-ups like Art.com and digitally native lingerie brand Bare Necessities.

“The magic for us is how we bring the two together,” McMillon said, referring to both Walmart.com and the retailer’s thousands of stores globally. “It results in an omnichannel experience. … That is our advantage, and that is what we are working on.”

It’s true that Walmart has taken a hit on Wall Street for some of its digital investments, which have eaten into profits in the near term. Amazon has historically gotten away with this more than its rivals. But McMillon says Walmart is focused on the long term.

“To build an e-commerce business takes some time,” he said. “We are trying to position the company for another generation. … No doubt we are making a bet on change.”

Walmart shares have climbed about 12% over the past 12 months, compared with Amazon’s growth of nearly 30%.


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: lauren thomas
Keywords: news, cnbc, companies, retailers, consumer, mcmillon, american, street, right, ceo, sales, shape, wall, think, good, online, business, pretty, walmart


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7 foods, household items and other essentials you should always buy at Target

Last year, Target was the most popular department store in the U.S., according to one survey. Target held its own against luxury stores like Nordstrom, Kate Spade and Michael Kors. That’s due, in large part, to Target’s popular store brands like Archer Farms, Threshold and Up&Up. “Target has dozens and dozens of store brands, many of which rate very favorably when compared to other retailers,” says Joanie Demer, co-founder of the Krazy Coupon Lady. CNBC Make It asked several experts about what’s


Last year, Target was the most popular department store in the U.S., according to one survey. Target held its own against luxury stores like Nordstrom, Kate Spade and Michael Kors. That’s due, in large part, to Target’s popular store brands like Archer Farms, Threshold and Up&Up. “Target has dozens and dozens of store brands, many of which rate very favorably when compared to other retailers,” says Joanie Demer, co-founder of the Krazy Coupon Lady. CNBC Make It asked several experts about what’s
7 foods, household items and other essentials you should always buy at Target Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: megan leonhardt
Keywords: news, cnbc, companies, brands, store, buy, stores, items, retailers, foods, shopping, essentials, popular, household, dozens, list, target


7 foods, household items and other essentials you should always buy at Target

Last year, Target was the most popular department store in the U.S., according to one survey. It also made the 2018 Love List Brand Affinity Index, an annual ranking compiled by Goldman Sachs and Conde Nast that asks millennials and Gen-Zers to list their favorite retailers. Target held its own against luxury stores like Nordstrom, Kate Spade and Michael Kors.

That’s due, in large part, to Target’s popular store brands like Archer Farms, Threshold and Up&Up. “Target has dozens and dozens of store brands, many of which rate very favorably when compared to other retailers,” says Joanie Demer, co-founder of the Krazy Coupon Lady.

Convenience is another major factor. A one-stop shopping experience can also mean a longer shopping trip, though: Typically, shoppers spend twice as long in big-box stores like Target as they do in regular grocery stores, Phil Lempert, food industry analyst and editor of SupermarketGuru, tells CNBC Make It.

You can get some good deals in that extra time if you know where to look. CNBC Make It asked several experts about what’s on their “must-buy” list when they’re shopping at Target.

Here are seven types of products they recommend.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: megan leonhardt
Keywords: news, cnbc, companies, brands, store, buy, stores, items, retailers, foods, shopping, essentials, popular, household, dozens, list, target


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7 foods, household items and other essentials you should always buy at Target

Last year, Target was the most popular department store in the U.S., according to one survey. Target held its own against luxury stores like Nordstrom, Kate Spade and Michael Kors. That’s due, in large part, to Target’s popular store brands like Archer Farms, Threshold and Up&Up. “Target has dozens and dozens of store brands, many of which rate very favorably when compared to other retailers,” says Joanie Demer, co-founder of the Krazy Coupon Lady. CNBC Make It asked several experts about what’s


Last year, Target was the most popular department store in the U.S., according to one survey. Target held its own against luxury stores like Nordstrom, Kate Spade and Michael Kors. That’s due, in large part, to Target’s popular store brands like Archer Farms, Threshold and Up&Up. “Target has dozens and dozens of store brands, many of which rate very favorably when compared to other retailers,” says Joanie Demer, co-founder of the Krazy Coupon Lady. CNBC Make It asked several experts about what’s
7 foods, household items and other essentials you should always buy at Target Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: megan leonhardt
Keywords: news, cnbc, companies, shopping, target, store, retailers, popular, dozens, household, buy, items, list, brands, essentials, foods, stores


7 foods, household items and other essentials you should always buy at Target

Last year, Target was the most popular department store in the U.S., according to one survey. It also made the 2018 Love List Brand Affinity Index, an annual ranking compiled by Goldman Sachs and Conde Nast that asks millennials and Gen-Zers to list their favorite retailers. Target held its own against luxury stores like Nordstrom, Kate Spade and Michael Kors.

That’s due, in large part, to Target’s popular store brands like Archer Farms, Threshold and Up&Up. “Target has dozens and dozens of store brands, many of which rate very favorably when compared to other retailers,” says Joanie Demer, co-founder of the Krazy Coupon Lady.

Convenience is another major factor. A one-stop shopping experience can also mean a longer shopping trip, though: Typically, shoppers spend twice as long in big-box stores like Target as they do in regular grocery stores, Phil Lempert, food industry analyst and editor of SupermarketGuru, tells CNBC Make It.

You can get some good deals in that extra time if you know where to look. CNBC Make It asked several experts about what’s on their “must-buy” list when they’re shopping at Target.

Here are seven types of products they recommend.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: megan leonhardt
Keywords: news, cnbc, companies, shopping, target, store, retailers, popular, dozens, household, buy, items, list, brands, essentials, foods, stores


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Walgreens to sell CBD products in 1,500 stores

Walgreens will sell CBD creams, patches and sprays in nearly 1,500 stores in select states, the company told CNBC on Wednesday. The drugstore chain will sell the cannabis-based products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. Rival drugstore chain CVS introduced CBD-containing topicals, including creams and salves, to stores in eight states earlier in March. As the non-psychoactive cannabis compound becomes one of the hottest ingredien


Walgreens will sell CBD creams, patches and sprays in nearly 1,500 stores in select states, the company told CNBC on Wednesday. The drugstore chain will sell the cannabis-based products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. Rival drugstore chain CVS introduced CBD-containing topicals, including creams and salves, to stores in eight states earlier in March. As the non-psychoactive cannabis compound becomes one of the hottest ingredien
Walgreens to sell CBD products in 1,500 stores Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: angelica lavito, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, drugstore, states, companies, 1500, stores, retailers, products, cbd, sell, creams, walgreens


Walgreens to sell CBD products in 1,500 stores

Walgreens will sell CBD creams, patches and sprays in nearly 1,500 stores in select states, the company told CNBC on Wednesday.

The drugstore chain will sell the cannabis-based products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. Walgreens declined to specify which brands it would carry.

“This product offering is in line with our efforts to provide a wider range of accessible health and wellbeing products and services to best meet the needs and preferences of our customers,” Walgreens spokesman Brian Faith said in an email to CNBC.

Rival drugstore chain CVS introduced CBD-containing topicals, including creams and salves, to stores in eight states earlier in March. As the non-psychoactive cannabis compound becomes one of the hottest ingredients in consumer products, retailers are carefully evaluating the market.

Consumers are increasingly curious about CBD, which promises to help everything from anxiety to pain even though there is scant evidence backing up these claims. And while CBD derived from hemp is now legal thanks to the farm bill Congress passed late last year, the FDA says companies still can’t add CBD to food or sell it as a dietary supplement.

The regulatory uncertainty has left some large companies on the sidelines for now. Selling CBD-infused beauty and skin-care products brings far less risk, making it an obvious first step for retailers.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: angelica lavito, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, drugstore, states, companies, 1500, stores, retailers, products, cbd, sell, creams, walgreens


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Retailers can track your movements inside their stores. Here’s how

From there, retailers can serve custom ads on platforms like WeChat, Facebook and Google. Tracking takes place through apps for which users have enabled location services (think weather, mapping, or ride-sharing apps). Seven apps have location tracking enabled on an average smartphone in China, according to Cosmose. “We can tell that someone was trying the makeup, someone was trying fragrance,” Miron Mironiuk, Cosmose’s founder and CEO, told CNBC inside an Armani store in Hong Kong. L’Oreal, a c


From there, retailers can serve custom ads on platforms like WeChat, Facebook and Google. Tracking takes place through apps for which users have enabled location services (think weather, mapping, or ride-sharing apps). Seven apps have location tracking enabled on an average smartphone in China, according to Cosmose. “We can tell that someone was trying the makeup, someone was trying fragrance,” Miron Mironiuk, Cosmose’s founder and CEO, told CNBC inside an Armani store in Hong Kong. L’Oreal, a c
Retailers can track your movements inside their stores. Here’s how Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: uptin saiidi
Keywords: news, cnbc, companies, heres, retailers, movements, stores, track, enabled, inside, trying, technology, tracking, apps, location, told


Retailers can track your movements inside their stores. Here's how

Location-tracking technology can now monitor people so precisely that retailers know, for instance, which customers visited a fitting room but never made it to the cash register.

From there, retailers can serve custom ads on platforms like WeChat, Facebook and Google.

Cosmose is one start-up using location-based tracking to help retail firms do just that.

Tracking takes place through apps for which users have enabled location services (think weather, mapping, or ride-sharing apps). Seven apps have location tracking enabled on an average smartphone in China, according to Cosmose.

The company said it’s tracked more than 1 billion smartphones, primarily in China, across 100,000 stores it works with. Its clients include Burberry, L’Oreal, Subway and Budweiser.

Cosmose said it plans to expand its reach into the United States.

In a U.S.-focused report, The New York Times recently found that more than 75 companies are receiving anonymous location data, and some claim to track up to 200 million devices in the U.S.

Cosmose said its technology is so precise that it can track a customer within a six-foot radius.

“We can tell that someone was trying the makeup, someone was trying fragrance,” Miron Mironiuk, Cosmose’s founder and CEO, told CNBC inside an Armani store in Hong Kong.

L’Oreal, a client of Cosmose, told CNBC that the technology has enabled it to convert offline casual shoppers into actual buyers.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: uptin saiidi
Keywords: news, cnbc, companies, heres, retailers, movements, stores, track, enabled, inside, trying, technology, tracking, apps, location, told


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Here’s how stores are starting to track your every move

Here’s how stores are starting to track your every move1 Hour AgoLocation-based apps are helping retailers track movement of its customers. CNBC’s Uptin Saiidi explores how the future of retail is being shaped in China.


Here’s how stores are starting to track your every move1 Hour AgoLocation-based apps are helping retailers track movement of its customers. CNBC’s Uptin Saiidi explores how the future of retail is being shaped in China.
Here’s how stores are starting to track your every move Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07
Keywords: news, cnbc, companies, starting, heres, move1, retailers, retail, track, movement, uptin, stores, saiidi, shaped


Here's how stores are starting to track your every move

Here’s how stores are starting to track your every move

1 Hour Ago

Location-based apps are helping retailers track movement of its customers. CNBC’s Uptin Saiidi explores how the future of retail is being shaped in China.


Company: cnbc, Activity: cnbc, Date: 2019-03-07
Keywords: news, cnbc, companies, starting, heres, move1, retailers, retail, track, movement, uptin, stores, saiidi, shaped


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