1. Comment
June 27, 2019

Greeting card retailers are yet to get the message about inclusivity

By GlobalData Retail

Consumers recognise the gender stereotypes present in many greetings card designs, but unlike the current celebration of diversity sweeping the clothing industry, retailers of greetings cards have been slow to act.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
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Diversity and inclusion in retail

Retailers are increasingly striving to show shoppers that they care about championing diversity and being inclusive, whether by using diverse models in marketing campaigns, endorsing events such as Pride, or launching clothing ranges for trans people or those with disabilities. This month all Sephora stores in the US closed for one hour so that the retailer could hold “inclusivity” workshops for its staff, while this month also saw Nike implement plus-size and para-sport mannequins in its London flagship.

In contrast to the increased awareness and sensitivity shown in the clothing and health & beauty markets, the greetings card market seems to be stuck in the past – and it seems only a matter of time before consumers demand changes. Despite being inexpensive, greeting cards are a carefully considered purchase, as shoppers believe their choices reflect the amount of effort made. Yet 76.8% of consumers believe that greetings cards often use imagery which reinforces gender stereotypes, agreeing that cards for fathers, brothers and sons often feature references to sport, beer or cars, while cards for mothers, sisters or daughters do not.

This is at odds with a society which is becoming more accepting of the needs and preferences of trans, non-binary and gender neutral people. While traditional card designs and messaging will continue to appeal, 59.5% of consumers agree that card shops should offer more gender-neutral designs. The opportunity exists for a retailer to set itself apart by ensuring that its range of greetings cards includes a broad selection of alternative designs which do not reinforce gender stereotypes and that there is something for everyone – such a move would likely be welcomed by consumers.

Although by promoting endorsements of diversity, retailers risk being accused of “virtue signalling”, paying careful consideration to messaging around inclusivity and diversity is certainly preferable to being “caught out” by consumers and chastened on social media for propagating stereotypes.

Source: Data is from GlobalData’s monthly survey of 2,000 respondents, conducted in May 2019.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.