It’s Monday, and if you don’t have reservations for Valentine’s Day yet, here’s an alternative: DiGiorno is introducing a heart-shaped pizza with artichokes, the Heartichoke Pizza. It will be available only through the DiGiorno website for, naturally, $2.14. Fingers crossed that your beloved thinks frozen pizza is extremely romantic; otherwise, sorry, but you’ve lost that oven feeling.
In today’s edition:
—Erin Cabrey, Andrew Adam Newman, Alex Vuocolo
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STORES
New FTC chair Andrew Ferguson has closed public comment on a request for information (RFI) regarding retailers’ use of surveillance pricing less than a week after it was issued under former chair Lina Khan.
The FTC published the RFI on January 17, releasing findings of its market study that retailers “frequently use” consumers’ personal information like location and browsing history to individually tailor pricing. It then asked the public to share their own surveillance pricing experiences, as well as businesses’ thoughts on the potential impact on competition. Ferguson voted against issuing this report.
The comment period was set to run until April 17, but under Ferguson, who replaced Khan as FTC chair on Monday, the RFI has been closed for comments, withdrawn “due to agency request.” The FTC did not return Retail Brew’s request for comment.
On Thursday, Commissioner Alvaro Bedoya released a dissenting statement against Ferguson’s closing of the FTC’s DE&I office per President Trump’s executive order, criticizing Ferguson’s move to close public comment on five RFIs rather than address rising consumer prices.
Keep reading here.—EC
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Presented By Whatnot
Small businesses and entrepreneurs are finding engaged buyers and lucrative revenue through an up-and-coming channel: livestream selling.
Before you fire up your webcams, make sure you check out Whatnot, the largest livestream shopping platform in the US, UK, and Europe. SMBs use Whatnot to showcase their products and answer questions in real time, connect with buyers, and sell to a wide audience.
The secret sauce of this rev stream is interaction. Passionate sellers can tell their stories, connect, and get personal with customers while growing their online communities. And buyers seem to love it, spending an average of 80 minutes/day on Whatnot’s platform + purchasing 12 items/week.
The top 500 sellers on Whatnot have each earned over $1m—and last year alone, sellers generated over $3b in livestream sales.
Curious about dipping your toe in this revenue stream? Explore Whatnot.
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SUPPLY CHAIN
Like Cold War-era schoolchildren ducking under their desks in case the former Soviet Union launched a nuclear bomb, retail executives these days are taking part in their own geopolitical-driven drill, in this case how to take cover should President Donald Trump fulfill his promise of higher and broader tariffs.
While mid-century students had duck-and-cover mascot Bert the Turtle to guide them through the difficult time, retail executives have something even more adorable: retail experts with MBAs.
“The impact of tariffs will be seismic,” warns a white paper from Swap, the London-based e-commerce platform that specializes in cross-boarder shipping and returns for retailers.
Keep reading here.—AAN
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RETAIL
The Retail Industry Leaders Association CEO Forum is convening in Naples, Florida, today, giving executives an opportunity to talk shop in a small group setting. Obviously this lowly retail reporter was not invited, but they should have plenty to talk about, with forest fires, an uncertain economic outlook, and a new Trump administration to contend with.
Here’s what else is going on in retail this week:
In earnings: Earnings season is still reeving up, but there are some big names reporting their results this week. First up is Starbucks on Tuesday with its Q1 report, the first since the coffee chain’s CEO said, “It is clear we need to fundamentally change our strategy to win back customers,” after three consecutive quarters of sales declines. That was the first earnings call from new CEO Brian Niccol, who outlined a number of changes such as speeding transaction times and bringing back condiment bars.
Keep reading here.—AV
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Level up your career with these resources from our sponsors!
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SWAPPING SKUS
Today’s top retail reads.
Ice of the tipberg: At a Las Vegas event, President Donald Trump renewed his campaign promise to eliminate taxes on tips. (Associated Press)
Booze crews: Diageo denied a report in Bloomberg that it was considering selling Guinness or its stake in Moët Hennessy. (Reuters)
Saving private buy-in: Why 2024 was a record year for sales of private-label brands. (Marketplace)
New connections await: Whatever you do, entrepreneurs, don’t sleep on livestream selling. On Whatnot’s livestream shopping platform, buyers spend an average of 80 minutes/day purchasing 12 items/week. Learn more.* *A message from our sponsor.
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HOT TOPIC
At the mall, it’s where band tees are the only tees. In Retail Brew, it’s where we invite readers to weigh in on a trending retail topic.
Walgreens CEO Tim Wentworth recently said Walgreens was rethinking its approach to putting much of its merchandise in locked display cases. “When you lock things up,” Wentworth said on an earnings call, “you don’t sell as many of them. We’ve kind of proven that pretty conclusively.” Wentworth continued that the company was looking at “creative” alternatives to locked cases to control shoplifting.
You tell us: Are locked display cases a good solution to fighting shoplifting or should retailers pursue alternatives? Cast your vote here.
Circling back: Last time, in the wake of former President Biden putting the kibosh on Japan’s Nippon Steel from acquiring Pittsburgh’s US Steel, arguing that it threatened national security, we asked whether you thought the deal should have been permitted to go through. The majority of you (61.5%) said no, Nippon Steel should not have been permitted to purchase US Steel, while 34.6% thought the deal should have been permitted and 3.8% didn’t know or weren’t sure.
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