US consumers continue to spend: But they’re increasingly selective about their purchases, which is bad news for retailers selling pricey goods such as consumer electronics.
Ulta store traffic exceeded pre-pandemic levels in Q3: The milestone comes as the beauty retailer makes extensive changes to store layouts and reported strong quarterly sales growth.
Ultrafast delivery app downloads exploded worldwide during the pandemic. The top 10 apps in this space were downloaded 23.1 million times collectively in Q1 2022, according to Apptopia. Getir leads by a wide margin, ahead of rivals like Gopuff and Gorillas.
DoorDash turns to layoffs to combat ballooning operating expenses: While delivery revenues continue to grow, the platform will cut 6% of its employees to get its balance sheet under control.
Kroger lifted its full-year outlook: The grocer delivered strong Q3 results, which it attributed to its strong value proposition.
Dollar Tree sees higher sales, but lower profits: The discount retailer’s expansion into grocery is growing ticket sizes but squeezing margins.
Gopuff’s latest moves signal the company’s cautious approach to growth: The rapid grocery startup is adding scheduled delivery, in-store pickup, and gifting options as it looks for longevity.
Walmart's strong revenues and sales growth owe significantly to ecommerce: We take a look at how a robust grocery business is fueling Walmart's ecommerce division.
Over a thousand Starbucks workers went on strike to force contract negotiations: The union chose one of Starbucks’ busiest days for its largest collective action yet as it accuses the company of refusing to bargain in good faith.
Kroger Precision Marketing has added Snapchat to its retail media offerings, enabling advertisers to use Kroger’s first-party data to target consumers with Snap or Story ad campaigns.
Estée Lauder outmaneuvers Kering to acquire Tom Ford: The $2.8 billion deal lets Estée Lauder keep full control over one of its biggest moneymakers and maintain its prestige beauty and fragrance dominance.
Things are looking up for Walmart: The retailer made headway on its inventory glut and gained grocery share in Q3, but discretionary categories struggled.
Retail sales rose 1.3% in October: That suggests retailers were successful in pulling the holidays forward. However, Target’s Q3 earnings show what consumers are buying is changing.
Drizly’s pivot to gift giving doesn’t make much sense: The Uber-owned alcohol delivery service looks to become a go-to shopping destination.
Starbucks credits the pumpkin spice latte for helping it beat Q4 earnings expectations: But the company’s growth owes just as much to its robust loyalty, customization, and convenience initiatives.
When times get tough, people turn to sweets: That’s one reason that the makers of Twinkies, Oreos, and Hershey Kisses have boosted their guidance.
Kroger plans to acquire Albertsons, a nearly $25 billion deal that will result in a retail media network capable of reaching 85 million US households, according to the company.
Thanksgiving food costs are expected to soar 13.5% this year: Walmart, Aldi, and Lidl aim to use discounts on turkey, stuffing mix, and other holiday ingredients to attract new customers.
Sainsbury’s takes a short-term hit to build long-term loyalty: The UK grocer ate some of its rising costs to limit price increases for cash-strapped shoppers.
Same-store sales are rising at many QSRs: They’re benefiting from some consumers trading down from pricier restaurants and others looking for an affordable option as grocery prices rise.