Day: March 21, 2023

For the second year in a row, HIVERY has been recognized for its achievements in Merchandising Planning & Inventory Management for 2023

Top 100 RetailTech Landscape
Top 100 RetailTech Landscape

BENTONVILLE, Ark., March 22, 2023 (Newswire.com)
–
CB Insights has named HIVERY again to its third annual Retail Tech 100, showcasing the 100 most promising private retail tech companies in the world. 

“This year’s Retail Tech 100 was more competitive than ever. Winners include early and mid-stage companies modernizing across areas such as store tech, e-commerce, loyalty & rewards, supply chain & logistics, and digital engagement,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Through their efforts, this innovative cohort empowers retailers with the technology to create more connected and personalized experiences, drive efficiencies, and improve profitability.”

“We are incredibly proud to be named to CB Insights’ Retail Tech 100 List for 2023. This recognition is a testament to our team’s hard work and innovation at HIVERY. We firmly believe in the power of hyperlocal retailing. By leveraging store-level data, we deeply understand each store’s unique customers, needs, and preferences. We are revolutionizing merchandise planning and supplier-retail collaboration. Shoppers vote with their dollars every day in the store, and our technology makes this visible. We’re able to provide the right assortment-space menu they want to buy, creating a win-win scenario for retailers, suppliers, and shoppers.” – Jason Hosking, CEO & Co-founder, HIVERY.

At HIVERY, we are passionate about helping retailers, and consumer packaged goods (CPG) manufacturers make better decisions by leveraging the power of store-level data. HIVERY Curate provides merchandise-aware strategies to be locally relevant, effectively merchandised, and operationally efficient, allowing for transparent, data-driven retailer-supplier collaboration. Our solutions enable clients to optimize their product assortments, improve their in-store operations, and create Hyperlocal shopping experiences for their customers. Our proprietary machine learning and applied mathematics algorithms were developed in collaboration with CSIRO’s Data61, Australia’s national science agency. Our vision is that data has a better idea™. Our recognition this year as a CB Insights top 100 retail tech company comes just days after being named to Fast Company’s list of the World’s Most Innovative Companies.

Utilizing the CB Insights platform, the research team selected these 100 winners from over 7,000 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed hundreds of Analyst Briefings submitted by applicants.

ABOUT CB INSIGHTS

CB Insights builds software that enables the world’s best companies to confidently discover, understand, and make technology decisions.  www.cbinsights.com.

ABOUT HIVERY
HIVERY is a pioneer of next-generation hyper-local retail assortment strategy simulation & optimization solutions. These proprietary machine learning and applied mathematics algorithms were co-developed with Australia’s national science agency – CSIRO’s Data61. HIVERY was founded on the vision that Data Has A Better Idea™  www.hivery.com

Contact Information:

Chris Orlando

Senior Manager, PR & Communication

[email protected]

Franki Chamaki

VP Marketing

[email protected]

Original Source:

HIVERY Named to the 2023 CB Insights’ Retail Tech 100 List in the World

The post HIVERY Named to the 2023 CB Insights’ Retail Tech 100 List in the World first appeared on RSVTV news.

Jungle Scout’s Q1 2023 Consumer Trends Report explores generational differences in consumer behavior and how inflation and other economic factors impact spending.

Jungle Scout Q1 2023 Consumer Trends Report
Key findings from Jungle Scout’s Q1 2023 Consumer Trends Report

AUSTIN, Texas, March 21, 2023 (Newswire.com)
–
Today, Jungle Scout, the leading all-in-one platform for ecommerce sellers, released its Q1 2023 Consumer Trends Report, a quarterly study of U.S. consumers that explores spending and ecommerce trends. The report shows Gen Z consumers are the least likely to report that inflation has impacted their spending, and they are most reluctant to reduce spending compared to other generations. 

Key insights from the report include:

Gen Z consumers are setting a new standard for ecommerce.

• 43% of Gen Z consumers start their online product searches on TikTok, a higher number than those who start on Google. 
• Despite inflation, 32% of Gen Z consumers shop online at least once daily compared to 25% of Millennials, 15% of Gen X, and 7% of Baby Boomers. 
• Gen Z consumers are the most likely to shop secondhand online to save money, with 42% purchasing a pre-owned item online in the past year.

Consumer behavior and attitude toward inflation differ greatly by generation. 

• Millennials are more worried about their finances than any other generation and are nearly twice as likely to have an unstable household income compared to Baby Boomers.
• Baby Boomers are 78% more likely than Gen Z to purchase items on sale and are more likely than any other generation to use credit cards with money-saving perks. 
• 56% of Gen X and 43% of Millennials are cutting back on fun/impulse purchases to save money, compared to only 37% of Gen Z consumers.

“In the world of ecommerce, one size does not fit all,” says Michael Scheschuk, President of Small & Medium Business at Jungle Scout. “Businesses must understand each generation’s unique values, preferences, and behaviors to create tailored strategies. As the youngest and newest cohort of shoppers, Gen Z offers invaluable insights into the current and future trends shaping retail.” 

See the full report to learn where consumers are shopping, what they’re buying, how much they’re spending in Q1 2023, and more.

About Jungle Scout

Jungle Scout is the leading all-in-one platform for ecommerce sellers, supporting more than $50 billion in annual Amazon revenue. Founded in 2015 as the first Amazon product research tool, Jungle Scout today features a full suite of best-in-class business management solutions and powerful market intelligence resources to help entrepreneurs, up to the world’s largest brands, manage their ecommerce businesses. Jungle Scout is headquartered in Austin, Texas, and supports 10 global Amazon marketplaces.

Contact Information:

Cathryn Hurdle

Public Relations Strategist

[email protected]

(613) 639 9067

Original Source:

Report: Gen Z Consumers Least Likely to Reduce Spending Amidst Inflation; 32% Shop Online at Least Daily

The post Report: Gen Z Consumers Least Likely to Reduce Spending Amidst Inflation; 32% Shop Online at Least Daily first appeared on RSVTV news.

Vape manufacturer gathers legal, marketing expertise to evaluate state of vaping

Bidi Vapor Infographic: What’s Legal, What’s Not
A new infographic from Bidi Vapor summarizes what vaping products are compliant with federal regulations.

MELBOURNE, Fla., March 21, 2023 (Newswire.com)
–
A new webcast, sponsored by Bidi Vapor, LLC, and a companion infographic, combine expert viewpoints from legal and marketing fields to tackle the confusion surrounding vaping devices, explaining what can and can’t be sold in stores.

To view the webcast, click here. To view and download the infographic, click here.

As both the webcast and the infographic point out, one important development has been new regulations over synthetic nicotine, said Bidi Vapor founder Niraj Patel. After July 2022, all vaping devices that use synthetic nicotine cannot be legally sold in the United States, without going through the proper regulatory steps, he said. At this point, no product using synthetic nicotine has received authorization from the U.S. Food and Drug Administration (FDA), he said in the webcast.

Unfortunately, products containing synthetic nicotine still flood the market, Patel said. “Enforcement is key,” he said. “It should occur at the manufacturer, wholesale, and retail level. But we’re not seeing it.”

Referring to the FDA process by which vaping products are authorized for sale in the United States, Russell Quick, president of Kaival Marketing Services (KMS), which supports Bidi Vapor and its electronic nicotine delivery system (ENDS) branded BIDI^® Stick, said, “We see products on shelves we know have no PMTA, or have MDOs, or are synthetic. None of that seems to have gone away.”

Quick was referring the FDA authorization process that requires turning in what is called a premarket tobacco product application or “PMTA.” During the PMTA review, many companies that sold flavored devices received marketing denial orders or “MDOs,” which meant they needed to take their products off store shelves.

The webcast panel elaborated on the status of Bidi Vapor’s PMTAs for both its “Classic” tobacco-flavored device and its 10 other flavored varieties, saying that while it received MDOs for their flavors, a court ruling in August of 2022 set them aside. Currently, Bidi Vapor can legitimately sell its flavored products as the FDA continues its scientific review, subject to the agency’s enforcement discretion, said Azim Chowdhury, partner with the Washington, D.C.-based Keller and Heckman LLP.

ABOUT BIDI VAPOR

Based in Melbourne, Florida, Bidi Vapor maintains a commitment to responsible, adult-focused marketing, supporting age-verification standards and sustainability through its BIDI^® Cares recycling program. Bidi Vapor’s premier device, the BIDI^® Stick, is a premium product made with high-quality components, a UL-certified battery and technology designed to deliver a consistent vaping experience for adult smokers 21 and over. 

Visit www.bidivapor.com.

ABOUT KAIVAL MARKETING SERVICES

Kaival Marketing Services has been the primary marketing and sales service provider for Kaival Brands since 2020. In addition to its sales force, KMS brings over 100 contracted employees dedicated to supporting Kaival Brands’ management team.

Visit http://kaivalmarketingservices.com.

Contact Information:

Angel Abcede

Press Manager

[email protected]

(773) 459-6775

Original Source:

Bidi Vapor Sponsors Vape Webcast, Provides Infographic: What’s Legal, What’s Not

The post Bidi Vapor Sponsors Vape Webcast, Provides Infographic: What’s Legal, What’s Not first appeared on RSVTV news.

Pinheads Brownsburg

FISHERS, Ind., March 21, 2023 (Newswire.com)
–
Pinheads Entertainment, based in Fishers, Indiana, announces the acquisition of Brownsburg Bowl, with plans to transform the facility into the premier entertainment destination for Brownsburg and the surrounding communities. The multimillion-dollar investment will include a complete renovation of the space, bringing updated amenities and exciting new experiences for visitors of all ages.

Pinheads Entertainment has established itself as a leader in the entertainment industry, with a proven track record of delivering unforgettable experiences to guests. With the acquisition of Brownsburg Bowl, Pinheads is excited to bring its signature blend of fun, food, and entertainment to this vibrant community.

Upon completion of the renovation, the space will feature state-of-the-art bowling lanes, a full-service casual restaurant and bar, a luxury arcade, a social area with duckpin bowling and modern darts, and a private events suite. These new amenities will provide guests with an unmatched entertainment experience, making Pinheads the perfect destination for family outings, date nights, corporate events, and more.

Brownsburg Bowl will remain open to the public and operating during the renovation, which is set to begin in the coming weeks, and be completed in 2024. Stay tuned for more updates on this exciting project. For more information about Pinheads, visit www.bowlatpinheads.com.

About Pinheads

Headquartered in Fishers, Indiana, Pinheads is a leader in the family entertainment industry providing state-of-the-art experiences, which include bowling, a luxury arcade, a casual restaurant and bar, private events, and more.

Contact Information:

Ryne Barr

Chief Operating Officer

[email protected]

3177739988

Related Images

Pinheads Brownsburg

Pinheads & Alley’s Alehouse

Original Source:

Pinheads Entertainment Acquires Brownsburg Bowl and Plans Multi-Million Dollar Investment

The post Pinheads Entertainment Acquires Brownsburg Bowl and Plans Multi-Million Dollar Investment first appeared on RSVTV news.