PepsiCo, Nestle, and Kimberly-Clark all saw sales volumes decline slightly in Q1: But price increases enabled the companies to beat analysts’ expectations.
Coca-Cola, like other CPGs, is leaning on price hikes to drive growth: But it’s also expanding affordable options, particularly in emerging markets like India, to drive more customers to its stable of brands.
Instacart banks on education to win advertisers: Program offers training on use of self-service ad manager and ad formats.
P&G credits resilient US consumers and rebounding spend in China for its earnings beat: But increased promotional activity over the past few months could force the company to rethink its reliance on price hikes.
Inflation is starting to ease, but consumers remain cautious with their spending. This puts pressure on consumer packaged goods (CPG) brands and retailers to attract customers without affecting the bottom line.
Autonomous food delivery robots gain momentum: Uber Eats’ food delivery robot test in Northern Virginia builds on the company’s delivery pilots in Miami, Los Angeles, and Houston.
Delivery isn’t as essential as it was early in the pandemic: That’s creating a challenging environment for pandemic-era winners such as Deliveroo and Getir.
Disney and Kroger team up to enhance targeting, measurement capabilities: The partnership gives CPG advertisers the ability to better connect ad exposures to sales or their KPI of choice. (This article was written with the assistance of ChatGPT.)
The UK’s cost of living crisis takes a bite out of Tesco’s profits: The company’s profits halved from roughly £2 billion to £1 billion in fiscal 2022 / 2023.
US retail sales will hit $7.334 trillion this year, according to our forecast, a growth of 3.3% YoY. “Where we’re headed is something of a new normal of slower growth,” said our analyst Zak Stambor.
Amazon sees growth opportunities amid economic challenges: That's CEO Andy Jassy's key message in an optimistic letter to shareholders about navigating difficult terrain. (This article was written with the assistance of ChatGPT.)
The FTC spots a trust problem in health and wellness advertising: Nearly 700 brands including Unilever and Coca-Cola are warned for misleading ads.
Chipotle looks to reduce its environmental footprint: The retailer is the latest QSR chain to attempt to burnish its eco-friendly credentials.
Consumers keep trading down to private labels: Store brand dollar volume grew 10.3% in Q1, nearly twice national brands’ 5.6% growth rate.
Albertsons’ earnings beat expectations as debate over its acquisition by Kroger rages on: A wave of antitrust concerns from consumers, employees, suppliers, and government officials is putting the deal in doubt.
L’Oréal’s Aesop purchase is the company’s biggest yet: The beauty giant is spending $2.53 billion to stake a larger claim to the highly profitable luxury skincare category.
Instacart boosts its valuation by 18% as it prepares for an IPO: The company is doubling down on advertising and AI to offset slowing online grocery sales growth. (This article was written with the assistance of ChatGPT.)
In an unlikely collaboration, Zappos and Sephora join forces: The partnership gives Sephora access to Zappos’ considerable shopper base, but may benefit the latter more as demand for beauty grows.
Instacart Health expands food-as-medicine program: It’s partnering with more providers and developing new digital tools to help consumers in need access healthy foods.
In times of economic uncertainty, it’s essential to foster an environment that both nurtures and challenges employees. In this discussion, Raval shares strategies to nurture a more collaborative, creative culture among employees, and how Frito-Lay is undertaking a digital evolution.