Chipotle is launching its first spinoff in a while: That’s why 14% of retailers plan to hire additional staff and others are looking to self-checkout or checkout-free technology options. (This story was written with the assistance of GPT-3).
Albertsons launches Sincerely Health: Another grocery giant enters the food-as-medicine movement.
Higher prices helped Coca-Cola beat expectations in Q4: Although its sales volumes fell, the company plans to continue hiking prices this year. (This story was written with the assistance of GPT-3).
We asked our analysts which companies they have their eyes on this year and why they’re positioned for potential success (or disaster). The Kroger Co., for example, is leveraging its digital offerings to scale its business, while Nike may pivot back to wholesale to stay competitive.
Food delivery platform Meituan plans to hire 10,000 workers to capitalize on China’s reopening: The company is expanding aggressively to counter competition from Bytedance and Alibaba.
Uber Eats serves up post-checkout app ads: New offering, which debuted during Super Bowl, allows advertisers to reach consumers tracking status of orders.
Instacart has had a busy few months. Besides scrapping its plans to go public, the company has cut its valuation a few times, trimmed its workforce, and explored other cost-cutting measures. That being said, Instacart has also made investments to bolster its business, including new technologies for merchants and expanded retail media offerings.
Uber reports record quarter, sees no signs of consumer spending slowdown: The company’s mobility and delivery businesses grew in Q4 as users remained willing to shell out for convenience.
CPG brands keep raising prices: That’s helped companies like Unilever, PepsiCo, and Kellogg’s grow sales. But it isn’t clear how much longer shoppers will continue to spend.
Walmart’s pickup- and delivery-only stores failed to deliver: That’s why the retail giant is shuttering its two concept locations.
This year’s Super Bowl ads will be defined by big stunts, from FanDuel’s live Gronk field goal attempt (we won’t be betting on this) to whatever M&M’s is doing with “Ma&Ya’s candy coated clam bites” (these we would bet on). Here are five charts on Super Bowl advertising.
Consumers are trading down to value-oriented QSR brands: That trend helped Yum Brands and Subway post strong gains in Q4, while higher-priced restaurants like Chipotle disappointed.
Getir and Jokr have very different approaches to rapid grocery: Getir is focusing on expansion at the expense of profits, while Jokr is narrowing operations to a few key markets to achieve profitability.
Tyson Foods reports steep drop in profit as inflation causes consumers to buy less meat: The company blamed a glut of protein in the market for its disappointing Q1 results.
Hashtag ‘#deinfluencing’ tops 68 million views on TikTok: The trend involves telling consumers what not to buy, pushing back against overconsumption and inauthentic creators.
Mediterranean QSR chain Cava looks to go public: That would make it the first restaurant company to make its public market debut this year.
Amazon is rethinking its grocery business: The retailer is putting Fresh expansion on hold as it tries to strike a balance between innovation and value.
Strong North American sales helped Starbucks overcome a steep COVID-19-related drop in China: But the company’s decision to devalue its rewards program coupled with its unchanging anti-union stance could come back to bite it.
Sick of disappointing retail news? So are we. Just like we’re sick of paying $6 for a carton of eggs. Some good news: US employers added 30,000 retail jobs in January, offering a big boost after a sluggish second half of 2022, when retail jobs fell for three consecutive months from September to November and were stagnant in December. Here are some more positive indicators.