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True Value Files for Bankruptcy, Sells Itself

True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. In a press release, True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter 11…

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Walgreens Closing 1,200 Stores by 2027, Including 500 Stores Next Year
October 15, 2024 at 3:58 pm

Walgreens is closing approximately 1,200 locations as the drug store chain struggles to contend with online competitors and declining prescription drug payments, reports CNN. By 2027, about one in seven Walgreens currently open will close its doors. About 500 Walgreens will be shuttered over the next year, the drug store chain announced Tuesday. Those closures…

Don’t Believe the Headlines — Brick-and-Mortar Retail is Here to Stay
October 15, 2024 at 9:35 am

After reading his own obituary, American writer Mark Twain is said to have wryly remarked, “The reports of my death are greatly exaggerated.” I have a similar thought whenever I read an article about the death of retail stores because, if you look past the sensationalist headlines, the opposite appears to be true. Earlier this…

How Purpose-Driven Marketing is Revolutionizing E-Commerce and CPG Consumer Engagement
October 15, 2024 at 9:08 am

In today's digital age, consumer packaged goods (CPG) and e-commerce brands face a daunting challenge: navigating the labyrinth of fragmented consumer journeys. With potential customers bouncing between social media, websites, apps and physical stores, traditional marketing approaches are struggling to keep pace. Enter purpose-driven marketing — the compass guiding brands through this chaos and revolutionizing…

Can Small Businesses Survive Without Marketplaces?
October 15, 2024 at 8:43 am

To sell or not to sell on marketplaces? That’s the tough question many small and midsized businesses (SMBs) are asking themselves. Maybe it’s something you’re considering, too. On one hand, third-party online marketplaces offer a powerful way to reach millions of potential customers. In fact, over 60 percent of sales on Amazon.com's store come from…

Infinite Personalization: AI Makes it Possible
October 15, 2024 at 8:16 am

What if retailers could create a highly personalized communications plan for every individual in a database? What if the personalization was reflected across more than just content, but also cadence, preferred channel, layout, offers and more? Furthermore, what if your brand’s marketing plan could adapt in real time to meet each customer’s evolving preferences and…