Rising UK grocery prices help discount grocers gain share: Lidl is the fastest-growing grocer, with sales increasing 25.1%, while Aldi's market share increased to more than 10% for the first time. (This article was written with the assistance of ChatGPT.)
PepsiCo, Nestle, and Kimberly-Clark all saw sales volumes decline slightly in Q1: But price increases enabled the companies to beat analysts’ expectations.
Its chip division will post a steep Q1 loss due to high inventories and slowing demand for PCs and smartphones. Austerity measures could sideline its expansion plans.
Convenience, access to care drive patients to health apps: But don’t expect consumers to pay for them.
Oura goes offline with Best Buy deal: The smart ring is moving into bricks-and-mortar sales to capture consumers’ attention.
Hint Health teams up with Eden Health: Direct primary care rivals are banding together in the face of growing competition.
The company will open up the metaverse to teens and invest in games to drive VR adoption just as Apple firms up plans to compete in immersive AR/VR.
McDonald’s and Chipotle see sales, visits soar as consumers search for value: Both companies credited digital initiatives with helping boost customer engagement and loyalty.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss points of tension around Trader Joe's and other cult grocery brands. Then for "Pop-Up Rankings," we rank the top four private label grocery brands people go out of their way for—and why. Join our analyst Sara Lebow as she hosts vice president of content Suzy Davidkhanian and analyst Zak Stambor.
While mid-tier retailers like Bed Bath & Beyond and Kohl’s struggle, discount and luxury retailers are seeing success as some consumers trade down amid inflation while others splurge to treat themselves amid tough times, respectively. But these polar opposites are using the same tools and tactics to attract new customers and retain current ones.
Google puts greater emphasis on chips business: By moving its TPU and TensorFlow teams into its cloud division, Google hopes to boost revenues and eat rivals’ AI market share.
CEO demos the next big thing in smart wearables at TED Talk: Startup Humane’s AI-enhanced wearable could disrupt the smartphone market. But sluggish device sales points to a delayed release.
They often don’t have real-time data capabilities. Partnering with a fraud-focused fintech could be a solution.
Financial inclusion extends to small businesses: A traditional financial institution is trying a strategy with underrepresented or underserved business owners.
The CFPB, in charge of protecting consumers’ financial data, failed at its primary responsibility after a major data breach.
The integration lets restaurant owners sync their Wix restaurants sites with Square’s platforms
After an underwhelming Q1 performance, revisiting a Walmart partnership would play to its strengths.
Google’s generative AI is a landmark moment for advertising: Legal issues have slowed generative AI’s use, but the ad duopoly’s support will start a flood.
Netflix gets a boost from Latin America in Q1: The region is a vital market for new users and incremental revenue growth, despite the controversial clampdown on password sharing.