Looking to expand its social justice and racial equality efforts, Target will offer space and business operations support to Summit Academy, a job-training nonprofit in Minneapolis. The partnership, named the North Star Innovation Center, will offer tuition-free training in health care, construction and information technology, along with GED programs.
CVS Health reported strong second-quarter results and raised its forecast for 2020, citing its diverse business combining retail and health services. The company saw front-of-store revenue and prescription volume fall during the quarter, but saw gains in its health benefits business and opened drive-thru COVID-19 testing sites at more than 1,800 store locations.
Kroger has launched a free plastic recycling program for its Simple Truth store brand items. Under the partnership with TerraCycle, the initiative allows customers to ship the flexible plastic packaging from more than 300 Simple Truth items for free and earn redeemable points for each pound sent as a charitable donation.
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General Merchandise and Health Beauty Wellness News
Edgewell Personal Care is acquiring men's grooming brand Cremo and its portfolio of approximately 75 products for $235 million. "Combining with Edgewell provides us the ability to bolster our strong store channel presence in the US while positioning us to capitalize on attractive channel and geographic expansion opportunities," said Matthew Biggins, Cremo president and CEO.
Kroger and YouTube influencers The Try Guys have joined in a new content creation effort to spotlight the grocer's online delivery service and promoting its Zero Hunger | Zero Waste Foundation. Kroger will also share first-party purchase information through a partnership with Meredith Corp., aiming to use data to gauge the impact of current advertising and create more precise messaging in the future.
EMarketer is predicting that podcast ads in the US will account for 21% of digital radio advertising this year, topping $782 million, up 10.4% from 2019. Podcast advertising is expected to reach $1.13 billion next year for a 45% growth. EMarketer's Shelleen Shum says measurement uniformity has been a challenge, but says IAB's metric guidelines "should bring some standardization to the industry and give advertisers more confidence."
Clean beauty brand Saie has completed its latest funding round with backers like Gwyneth Paltrow, G9 Ventures and Stage 1 Fund. The company is the latest of many clean makeup brands to receive continued support from investors who expect good things from the category.
Unilever is the highest-ranking consumer packaged goods company on Forbes' Best Employers for Women list with Ulta Beauty, Coca-Cola and Estee Lauder also ranking in the top ten out of the 300 companies listed. Unilever, which took the No. 2 spot, strives to support women with flexible scheduling while achieving gender equity across management, said Mita Mallick, head of diversity and cross-cultural marketing at Unilever.
GMDC|Retail Tomorrow's 2020 General Merchandise Conference, Selfcare Summit going virtual
GMDC|Retail Tomorrow has announced it will shift this year's General Merchandise Conference and Selfcare Summit to virtual events over a three-week period taking place Oct. 5-23, reimagining the event offerings in order to expand member opportunities and enable product discovery in a virtual format while protecting the health and safety of its members and employees during the global COVID-19 pandemic. Read more.
Did you know…
That GMDC offers a Selfcare Roadmap with access to more than 140 whitepapers to help you navigate and grow in the $64 billion selfcare industry? Members can use the roadmap to explore relevant purchase journeys, get inside shoppers' minds and analyze market opportunities based on occasion, basket, category and geography. Learn more.