Why Out-of-stocks, Data Mismatch, and Hidden Demand Still Catch Out Beauty Brands When beauty brands review retail performance, the picture often looks reassuring. Availability appears high. Sales reports feel complete. Forecasts are built on what was sold. But our conversations with brands working directly with Ulta and Sephora reveal a more complicated reality. One where... Read more »
Several fashion retailers who cater to younger consumers also have beauty sections in their stores – H&M, Urban Outfitters and Sephora in JCPenny – but Forever 21 is making a big move in the beauty game with plans to open over a dozen stand-alone beauty boutiques under the name Riley Rose. The new stores are… Read more »
Late last Monday, iconic brick-and-mortar toy retailer Toys R Us filed for chapter 11 reorganization. Once a toy mecca with with their jingle on the tips of every Reagan-era kids’ tongue, more recently Toys R Us has accumulated a heavy debt load that has weighed on the company for years. Combined with tough competition from… Read more »
Many Accelerated Analytics customers use our portal to get their Canadian retailers’ reporting, such as Nordstrom, Sephora, The Home Depot, Lowe’s and Canadian Tire. Canadian sales in July were mixed. The value of retail sales rose 0.4% to $39.82 billion (US dollars conversion). Year-over-year, nominal retail sales rose 7.8%. The retail segment (excluding auto) rose… Read more »
Accelerated Analytics’ CEO, Chad Symens, and Director of Sales and Marketing, Jen Freyer, attended and sponsored the Home Improvement Research Institute event in Chicago this week. HIRI saw a record turnout of attendees at this 2-day event. Home and hardware vendors and retailers joined industry leaders to share insights into the current and future market… Read more »
Enhancing the DIY Brand-Retailer Connection: A View from Behind the Scenes As the U.S. housing market continues to strengthen, consumers are buying houses and making them their dream homes through DIY improvements. And, when these consumers delve into painting, sanding, tiling and rewiring—perhaps as first time projects—they visit their local home improvement center, looking for… Read more »
Next month will see the opening of Nordstrom’s new concept store, Nordstrom Local. The store will open October 3 in West Hollywood, CA and will be only 3,000 square feet, versus its traditional store size of 140,000 square feet. Nordstrom Local is the company’s latest retail concept and neighborhood hub where customers can shop and… Read more »
The Institute for Supply Management announced on Friday that manufacturing in the US reached a six-year high, seeing activity rise to 58.8 on its index versus 56.3 in July. This is the highest the index has risen since April 2011. This number indicates strong global growth in manufacturing and increased consumer and business confidence in… Read more »
Consumer confidence rose to 122.9 in the August Conference Board’s Consumer Confidence Index, up from 120 in July. Consumers finding business conditions to be “good” increased 2%, to 34.5%. Consumers also assessed that the labor market was improved, rating jobs are “plentiful” at 35.4%. Those claiming jobs were “hard to get” decreased from 18.7% to… Read more »
With the devastation in Texas from Hurricane Harvey comes help from the two home improvement center giants. The Home Depot Foundation donated $300,000 to the Red Cross, and in its corporate home of Atlanta, the retailer opened its Disaster Response Command Center. Their merchandising, operations and supply chain teams are continuously sending products to stores… Read more »
Accelerated Analytics customers who sell their products at The Home Depot saw their second quarter comp sales increase 11% over last year! That’s nearly double the results reported by The Home Depot when they recently released their second quarter results. In a blog post on August 15th, we shared The Home Depot’s Q2 results which… Read more »
