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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.
Mars branches out into savory snacks with $35.9 billion Kellanova acquisition: The deal—if approved—will enable the company to keep pace with consumers’ desire for healthier snacks, reach more Gen Zers and millennials, and unlock cost savings.
Neutrogena debuts product line on TikTok Shop in a bid to woo Gen Z skincare obsessives: The brand hopes to regain market share in the dermatological space after ceding ground to L’Oréal’s CeraVe and La Roche Posay.
Walmart sells the top-five private label brands: That’s a strong differentiator at a time when a sizable segment of consumers is trading down to store brands.
Small-format stores are gaining popularity among retailers trying to get closer to where consumers live and work. Some retailers, like Macy’s, are using small-format stores to reach consumers in more urban locations. But others, like Target, are going for a slightly different demographic—college students.
E.l.f. Beauty’s win streak continues as Gen Zers stock up on dupes: The company gained share for the 22nd-straight quarter, and outperformed its peers thanks to its strategic decision to stay away from China.
Prestige beauty outperformed mass brands in the first half of the year: While consumers are happy to pay more for premium products, the category is not immune to economic uncertainty.
European etailer Zalando’s Q2 earnings surge: The business broke a streak of flat quarters thanks to faster delivery times, a more relevant product assortment, and a focus on quality.
Uber and DoorDash report double-digit growth as customers prioritize convenience: Order frequency rose in Q2 thanks to both companies’ membership programs and growing selections of merchants.
Mars is in advanced talks to acquire Pringles parent Kellanova: The massive $30 billion deal would create a snacking giant, if it passes regulatory approval.
The FTC could probe grocery prices as higher costs frustrate shoppers: Chair Lina Khan says the commission would investigate why profits and prices remain high even as costs have come down.
AB InBev and Heineken’s investments in China go flat: Economic uncertainty in the world’s second-largest economy is hurting large brewers’ results.
The housing market is stuck: Wayfair’s sales fell 2% in Q2 due to an “unprecedented” slowdown in the home goods category that CEO Niraj Shah compared with the 2008 financial crisis.