Foxtrot is back: After abruptly shuttering all its locations in April, the upscale convenience store chain has reopened the first of more than a dozen former locations slated for revival.
Shoppers are least likely to trade down in the baby, pet care, and beauty categories: On the surface that’s good news for Chewy and P&G, but consumers are cutting back in other ways.
Consumers pull back on wine and spirits: Constellation Brands lowers its outlook as it expects a 4% to 6% decline in sales of brands like Kim Crawford, Robert Mondavi, and Svedka.
Victoria Beckham sales defy luxury slowdown: The fashion and beauty brand reported a third consecutive year of double-digit growth after making strategic pivots and injecting millions into the business.
Sephora targets Gen X shoppers with latest product launch: The beauty retailer is sharpening its appeal to beauty consumers over the age of 40, who spend more on prestige products than any other demographic.
Unilever’s portfolio trimming continues with potential sale of two prestige beauty labels: The CPG company is reportedly in talks to offload Kate Somerville and REN as it focuses on its most profitable power brands.
Starbucks was once considered the go-to “third place” where people could relax, work, and socialize over a cup of coffee. However, the rise of mobile ordering has compromised the company’s core identity, our analysts said. In North America, Starbucks saw a 6% drop in foot traffic, and a 2% decline in same-store sales YoY, according to its July earnings call.
Loblaw leans into value: The Canadian grocer is testing a new discount store format called no name that features a limited selection of items to appeal to cost-conscious consumers.
Coupons play a bigger role in purchasing decisions as consumers become increasingly value-conscious. More than a quarter (26%) of US adults are using more coupons this year because of the state of the economy, according to July 2024 data by Prosper Insights & Analytics and the National Retail Federation. Here are five stats to better understand how and where consumers are seeking savings.
On today's podcast episode, we discuss what Chipotle has that Starbucks is trying to gain, how Starbucks can turn the ship around, and what its struggles tell us about the greater retail world. Listen to the conversation with our analyst Sara Lebow as she hosts analyst Sky Canaves and vice president of content Suzy Davidkhanian.
Sephora reduces staff in China by 10%: The layoffs are part of a restructuring as owner LVMH strategizes against a broader luxury slowdown in the region.
More than 181 million people in the US will be Amazon Prime members this year, representing nearly 7 in 10 (73.7%) US internet users, according to our July 2024 forecast. Many of them turn to influencers before checking out; others can be won over by better discounts from competitor retailers; while some favor Amazon for fashion over groceries.
Not all consumers accept cookies when given the choice.
As the Asia-Pacific region experiences profound demographic and economic shifts, the pet economy is emerging as a vibrant and rapidly growing sector.
Beauty brands experience stiff headwinds as Chinese consumers pull back: Estée Lauder, L’Oreal, and La Prairie maker Beiersdorf need to find new ways to drive growth amid the challenging landscape.
Circle K’s owner makes a major play to broaden reach: Alimentation Couche-Tard’s bid to buy 7-Eleven’s parent would create a retail colossus with more than 100,000 stores.
Digital grocery sales growth accelerated in July: Promotions from Walmart, Instacart, and Amazon pushed delivery sales up 22% YoY, but consumer interest may dry up as the discounts do.
Kroger promises to lower grocery prices by $1 billion if Albertsons merger is approved: But the political climate is unfavorable to the grocers as VP Kamala Harris makes high grocery prices a key campaign issue.
It’s not easy to get shoppers to switch grocery stores: Consumers are far more loyal to their grocers than they are to specific brands.
Aldi is partnering with Instacart to deploy the latter’s Connected Stores solution. The partnership comes at a time when consumers are increasingly turning to discount retailers for low prices amid a tough economic climate.