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Top stories summarized by our editors
7/30/2021

H.E. Butt Grocery, Food Lion and Kroger rank the highest for loyalty, respectively, according to Bond Brand Loyalty's 2021 report. The survey looked at loyalty programs, brand influence and rewards and redemption.

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Progressive Grocer
7/30/2021

Fast-casual chain Pret A Manger has registered trademarks for "Pret Express" and "Pret Perks" in the UK as part of a plan to roll out self-serve coffee machines and a new customer loyalty programme. The shift to work from home due to the pandemic last year led to the closure of 74 UK Pret locations, so putting vending machines could be a cost-effective way to move forward, said Jeffrey Young of Allegra World Coffee Portal.

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Charged (UK)
7/30/2021

Italian luxury fashion brand Prada reported a 66% increase in revenue in the first half of the year, beating analysts' estimates and topping pre-pandemic spending levels. Designer and co-CEO Miuccia Prada and co-creative director Raf Simons will continue to collaborate on new collections forecast to further grow the ready-to-wear fashions and handbags sectors, according to Citigroup analyst Thomas Chauvet.

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Thomas Chauvet
7/30/2021

The Orville Redenbacher hot air popper gets a nod from reviewer Bryan Holt as the best home popcorn maker, but the Wabash Family Farms stovetop popper with integrated stirrer offers a better old-fashioned experience. Holt details these and five other brands and types.

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The Manual
7/30/2021

Nordic Ware is 75 years old this year and has been providing bakeware and cookware to Walmart for 35 years. Nordic Ware executive Jennifer Dalquist recently gave Walmart US President and CEO John Furner a tour of Nordic Ware's Minnesota headquarters, and the two talked about the partnership.

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Kitchenware Today
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Walmart
7/30/2021

Amazon exceeded second-quarter profit expectations by earning $7.8 billion, or $15.12 per share, but it failed to meet analyst expectations for sales, which increased 27% year over year to $113.1 billion. The company's performance was fueled by continued diversification into different business segments, such as cloud computing and advertising.

7/30/2021

Unilever's plans to spin off its Tazo and T2 tea brands, Instacart's entry into grocery microfulfillment and Walmart's 100% tuition assistance for employees caught SmartBrief readers' attention this week. Campbell's Soup's redesigned labels and its sale of 100 nonfungible tokens to support Feeding America led this week's Top 10 list.

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Unilever, Tazo, Walmart
7/30/2021

Walmart and Walgreens are two high-profile companies that are diving into banking and financial services as a way to further build on customer relationships and drive more business to their stores and e-commerce sites. Walgreens will launch online and in-store bank accounts this year with partner InComm Payments, and Walmart plans an array of financial services with its new fintech arm, Hazel, created in partnership with Ribbit Capital.

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Walgreens, Walmart, Ribbit Capital
7/30/2021

Beauty conglomerate L'Oreal reported a 34% increase in sales in the quarter ending June 30, as consumers prepared to resume social occasions after pandemic-related quarantines and lockdowns. Skin care brands saw continued strong sales, and increased demand for makeup and perfume further buoyed sales.

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Bloomberg
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Oreal
7/30/2021

Forty-nine percent of women said they plan to do more hiking and walking this year, compared with 46% of men, according to NPD Group research that highlights opportunities outdoor gear brands and retailers have to grow sales to women. Men's hiking boots made up 70% of sales in the category in the first half of the year, and brands are missing out on sales by failing to produce boots designed for women's feet and style preferences, NPD's Matt Powell said.

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Footwear News
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NPD Group research