Walmart kicks off ‘Get on the Shelf’ contest
SAN BRUNO, Calif. — Looking to put America’s inventors front and center by uncovering the next great product, Walmart and @WalmartLabs have kicked off the "Get on the Shelf" contest.
The retailer said the contest is designed to give consumers the opportunity to have their products — ranging from housewares and electronics to toys and apparel — sold in Walmart stores and online at Walmart.com. How to works: Contestants will create videos of their latest inventions and submit them by Feb. 22. After, a two-round public voting process — with the first round of voting being held March 7 through April 4 and the second round being held from April 11 through April 24 — will determine the top three products to be sold on Walmart.com, while the grand prize winner’s product will be sold on Walmart.com and featured on the site’s homepage, and also get shelf space in select Walmart stores across the United States.
More details cane be found at GetOnTheShelf.com.
"Walmart has the best products at everyday low prices but we know there are some great undiscovered products that have not yet reached our shelves," said Venky Harinarayan, SVP Walmart Global e-commerce and co-head of @WalmartLabs. "For a long time, the ability to get a product into a retail store was at the sole discretion of the store buyer. Today, we are removing these barriers by giving anyone a chance to launch their product at Walmart and reach millions of shoppers nationwide."
New executives named to NRF board
NEW YORK — The National Retail Federation has announced the newest executives elected to serve on its board of directors. The announcement was made during NRF’s 101st Annual Convention in New York. Each new board member will serve a three-year term. Macy chairman, president and CEO Terry Lundgren was re-elected to serve another full-year as chairman of the NRF board.
The new executives elected to serve on NRF board of directors include:
Thomas Belk, Belk chairman and CEO;
David Jaffe, Ascena Retail Group president and CEO;
Craig Levra, Sport Chalet chairman, president and CEO;
David Ratner, president of Dave’s Soda and Pet City; and
Laura Sen, BJ’s Wholesale Club president, CEO and director.
Additionally, the following executives were elected to the NRF board of directors as representatives of the associate member advisory council. Each will serve a one-year term.
Bill Gonzalez, Microsoft general manager of worldwide distribution and services;
Karen Lowe, IBM general manager of global retail industry;
Ramón Martín, American Express president of merchant services Americas; and
Alison Paul, Deloitte & Touche LLP principal.
“These distinguished additions to the NRF board of directors will further position NRF as the leader on issues that impact the retail industry and the American consumer,” NRF president and CEO Matthew Shay said. “The collective level of experience and professionalism these new Board members bring to the table will complement the stellar list of executives who have been representing NRF’s members, our community and our industry.”
Stop & Shop answers call of cost-conscious customers
QUINCY, Mass. — Stop & Shop has reintroduced its Guaranteed Value product line in an effort to help customers on a budget.
The line, which includes about 200 items, touts prices that are an average of 20% to 25% less than national brands. What’s more, 60% of the items cost $2 or less. What’s more, packaging for items that are part of Guaranteed Value have undergone a makeover, with the yellow, blue and red packaging being replaced with a bright orange and white design that highlights the value offered with each product.
“With rising food and gas prices, customers are seeking more savings than ever and our Guaranteed Value products offer customers the ability to save on many of the items they need at prices family budgets demand,” Stop & Shop spokeswoman Suzi Robinson said. “We continue to quality test and improve on all of our Guaranteed Value products to ensure customer satisfaction.”