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.
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.