Consumers prioritize dining out: They are more likely to pull back on other purchases such as new clothes, travel, and gym memberships before they reduce their restaurant spending.
On today's episode, we discuss what happens next now that the newsletter boom has faded, Uber getting serious about grocery, how Starbucks is defying inflation, whether Spotify can revolutionize podcast ads, robots doing all of our housework, an unpopular opinion about TikTok's hype, why so many baseballs are used during a game, and more. Tune in to the discussion with our director of reports editing Rahul Chadha and analysts Suzy Davidkhanian and Blake Droesch.
Finally, some good inflation news: The US consumer price index didn’t increase in July, which could restore some faith in ad spending.
Chewy turns to pet healthcare to increase stickiness: The company adds pet care plans to grow subscription revenues and boost loyalty.
Inflation eased slightly in July, but consumers still feel the pinch: Gas prices are falling, but steadily rising food prices are eroding shoppers’ buying power.
Consumers aren’t cutting back on food delivery: DoorDash’s Q2 revenues beat expectations, but the company still can’t make delivery profitable.
Subscription ecommerce growth remains strong in 2022: But looming consumer fatigue means that retailers should consider it as just one pillar of their business strategy.
Inflation may be taking a bite out of candy sales, but there are still sweet spots.
Krystal Walker, Director of Beauty Development and Customer Experience at CVS Health, spoke with Insider Intelligence about the launch of Skin Care Centers.
Higher prices aren’t stopping consumers from raiding the beauty aisle: L’Oréal, Unilever, and LVMH each reported strong growth for their premium beauty products as shoppers look for cheaper ways to indulge.
Though the beauty category may not be inflation-proof, L'Oréal had a great first half of the year as the return to in-person life continued.
Expect P&G to still be one of the biggest advertisers on the planet: Pullbacks were for a variety of reasons, including cost pressure and lingering supply chain issues.
CPG brands are trying new ways to target cost-conscious shoppers: Those efforts are necessary to avoid losing sales to private label brands.
Walmart’s profit warning signals tough times ahead for retailers: But Unilever and The Coca-Cola Co. reported strong earnings due to higher prices as CPGs continue to thrive.
Glossier becomes the latest D2C brand to pursue wholesale: The beauty digital native’s deal with Sephora puts the company on a more traditional path to growth.
CPGs adopt pricing and merchandising tactics to keep budget-conscious shoppers loyal: Companies including Colgate-Palmolive and Procter & Gamble are making decisive moves to prevent market share from slipping.
Uber steps up its grocery game as Instacart struggles: The company is revamping its grocery service to be more convenient and easier to use.
Investors pour money into food startups: Mushroom-based meat alternative startup Meati Foods raised $150 million and FreshRealm, a provider of fresh meals for retailers, raised $200 million.