Quick-commerce companies face shrinking valuations as investor interest cools: Jokr’s valuation fell nearly 40% in its latest funding round, while Getir’s could plunge by as much as 80%.
Amazon explores standalone subscriptions as Prime user growth slows: The retailer could roll out separate grocery and healthcare membership services as early as this year.
Retailers face growing scrutiny into pricing practices: Missouri’s AG is joining the fray with a suit against Dollar General over deceptive pricing, as governments worldwide step up oversight.
US consumers kept spending in August: But there are signs that how and where they’re willing to open their wallets is changing.
Lidl, Aldi see UK market share gains stall as competitors cut prices: Both discounters will continue their aggressive expansion strategies in a bid to reach shoppers still struggling with the cost-of-living crisis.
What does artificial intelligence taste like? Coca-Cola launched a new soda conceived and designed by AI as the company goes deeper into exploring the tech.
Walmart rolls out late-night express delivery: The retailer’s relentless focus on offering more convenient ways to shop is winning it more customers and market share.
Instacart faces stiff headwinds: While growing its advertising and technology businesses have helped it overcome slowing delivery growth, that strategy may not be sustainable.
Smucker swallows up more of the snack market by buying Hostess: With consumers pulling back due to rising prices, food companies like Smucker turn to acquisitions to spur growth.
Price matters to everyone, but ease and convenience play an even bigger role in purchase decisions. Plus, retailers should consider revamping their apps to garner more sales and use their target audience to guide in-store and online strategies.
Kroger’s sales sag as grocery prices stabilize: That new state of play could drive the grocer to look to high-margin retail media to drive growth.
Instacart rolled out several updates to its Instacart Storefront platform: It added AI-powered conversational search and an in-store mode to its omnichannel digital commerce platform.
Richemont targets fragrance market as luxury demand begins to waver: The luxury retailer is looking for ways to scale its perfume business and grow share in a highly competitive sector.
Sweetgreen is in a very different position than it was prepandemic: Both its menu and physical footprint are evolving as it looks to widen its potential customer base.
Fewer than a third of US shoppers turn to department stores’ websites (31%) or brick-and-mortar locations (24%) when conducting beauty research, according to a May survey conducted by PowerReviews. In contrast, 71% turn to a specialty retailer’s website when researching new products.
Target is taking a page from Trader Joe’s: The retailer is adding over 20 new seasonal private label food items this fall, such as apple pie-filled cookies and honey-pumpkin goat cheese ravioli.
Key stat: 28.0% of Gen Z consumers have discovered grocery products via search engines, compared with 16.7% that have discovered products while browsing store shelves, per our forecast.
Instacart's IPO filing highlights its shift: From a grocery delivery service to a booming retail media platform covering 85% of the US grocery industry.
E.l.f. Beauty’s Naturium acquisition will double its share of the fast-growing skincare market: The company is looking to take full advantage of the lipstick effect as shoppers continue to splurge on beauty.
Hostess Brands wants to cash in on CPG acquisition boom: The Twinkie manufacturer is reportedly seeking a buyer as snack demand stays strong.