November 26, 2021 | GroceryGeniuses Blog

IKEA Manila to pilot an online store to launch it in the Philippines

GroceryGeniuses November 26, 2021

Here’s some good news for shoppers as IKEA is all set to launch its first-ever store in Phillippines. The giant retailer has already launched its online store with limited goods available initially. After its successful pilot program, the retailer will roll out a wide range of its hot-selling products. The Swedish retailer proclaimed to spend about $134 million to build, stock and run the store. IKEA Manila will have about 9,000 products. To read more, visit GulfNews

CVS Health shifting its business model to online and plans to shut about 900 stores

GroceryGeniuses November 26, 2021

CVS Health is planning to close about 900 of its physical stores in the upcoming three years. The American healthcare firm has decided to shift its physical retail business model to online wholly. The firm has transformed its stores into a one-stop healthcare destination called HealthHubs and will focus on growing its digital presence. CVS will begin to close its stores in Spring 2022. On the contrary, the healthcare firm plans to launch about 1,000 HealthHub locations by the end of the year.

CVS, Walgreens and Rite Aid revamp their business efforts to meet the changing consumer trends

GroceryGeniuses November 26, 2021

More and more consumers shop online and get their prescriptions delivered, even post-pandemic. Drugstore chains like CVS, Rite Aid and Walgreens, which had faded customer visits, have seen a ray of hope in the upcoming COVID vaccines drive. CVS is initiating a store concept called HealthHub and transforming its stores into a healthcare stop. Walgreens is investing in its digital app to provide curbside pickup of primary healthcare products. Walgreens saw its shares dropping down 20% last year. Rite Aid has turned its stores into a health hub where health experts share advice about alternative and holistic approaches, such as sleep remedies.

Payment providers Klarna and American Express team up with brands creating shoppable Live content

GroceryGeniuses November 26, 2021

Financial payment firm American Express and BNPL platform Klarna have signed multiple partnerships to invest in brands creating live shoppable content. As Livestream shopping seems to be the future of e-commerce, many brands are gearing up to connect with platforms equipped with Live shopping tools. Klarna had acquired Apprl and Hero last year and this multi-partnership helps 250,000 retailers connect with influencers to host and promote live shopping. American Express invested in Firework, a platform allowing brands to host live shopping streams. Earlier, giant retailers like Sephora, Walmart and Macy’s have streamed live shopping events through social media apps like YouTube, Facebook, and TikTok.