CPG brands hike prices to pad their margins: Companies are leveraging data to minimize the share of consumers who trade down to less expensive options. (This article was written with the assistance of ChatGPT.)
Uber and Instacart expand retail media offerings: Both companies are giving CPGs more advertising opportunities. (This article was written with the assistance of ChatGPT.)
Beer drinkers are unfazed by price hikes: But trouble may be ahead for AB InBev due to the company’s repeated missteps.
Yum Brands’ same-store sales jumped 8% in Q1: However, the company’s overreliance on promotions such as Taco Bell’s $2 burritos and KFC’s $5 mac & cheese hurt its bottom line.
Aldi will soon have more US stores than Albertsons: The grocer plans to open 120 locations this year as more consumers trade down to discount retailers.
Starbucks’ global comparable store sales grew 11% in Q2: A boost in demand in China helped the company beat analysts’ expectations.
Higher prices don't deter consumers from Restaurant Brands International’s chains: Same-store sales surged at Burger King and Tim Hortons in Q1.
More rapid grocery consolidation could be on the way: German startup Flink is in talks to be acquired by Getir, despite the latter’s sinking valuation.
Economic uncertainty is making it hard for some to keep up: Prolonged inflation, financial stress, and rising debt are making for a challenging environment.
Trader Joe’s small, curated stores and limited footprint sets it apart. Between its branding, product choice, and customer experience, there are a lot of lessons other retailers beyond grocery can learn from the Trader Joe’s model. Here are four takeaways from Trader Joe’s.
CPG companies continue to beat expectations: Price increases helped companies such as Hershey, Unilever, and Keurig Dr Pepper offset volume declines.
Bed Bath & Beyond’s iconic coupons get a second life: The Container Store and Big Lots are temporarily accepting the bankrupt retailer’s coupons.
Gen Zers value authenticity; male beauty consumers ask marketers to keep it simple; and Black, Indigenous, and people of color (BIPOC) beauty consumers want representation. Here are tactics to reach three different beauty consumers across #beautytok.
Carrefour grows sales, market share as more shoppers trade down to private labels: The grocer’s value proposition is resonating with consumers across Europe and Latin America.
McDonald’s had the most downloaded app of any quick-service restaurant in the US in March, with 3.5 million downloads, about 2 million more than No. 2 Starbucks, according to Apptopia. Taco Bell, Subway, and Domino’s Pizza rounded out the top five.
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.
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.