Retail Radar: Best Buy Revamps Rewards; Meijer Grows Private Labels

Path to Purchase Institute members have access to regularly updated retailer profiles. Recent news includes Amazon closing some Midwestern Amazon Fresh formats and subleasing other sites.

Best Buy Overhauls Loyalty

The retailer is launching a new rewards program, with three levels designed to appeal to shoppers’ needs and budgets.

Ace Adds Service Brands

The hardware co-op recently closed a deal to acquire a collection of HVAC companies, which it will add to its services division.

Meijer Seeks Private Label Growth

The retailer is inviting suppliers to submit products to be considered for its Frederik’s brand.

Amazon Format Shuffles

News surrounding the e-commerce giant shows no sign of slowing down. Some recent happenings include:

• Halting plans to open new grocery stores in some midwestern sites, and subleasing some of those spaces.
• Convenience stores continue to add the Amazon Go Just Walk Out technology. 
• Focusing more on artificial intelligence to further streamline the fulfillment process.