CPG

Starbucks is re-evaluating its UK presence: Intense competition, rising costs, and changing consumer habits could force the coffee chain to sell its UK stores.

Amazon moves aggressively to grab grocery share from Tesco: Amid stagnating US Prime member growth, the ecommerce giant is appealing to inflation-hit UK shoppers.

CTV and upper-funnel campaigns see the biggest cuts: Economic uncertainty is causing advertisers to pull back their spending.

The rapid delivery dream is fading: Gopuff is the latest startup to scale back operations.

PepsiCo and Costco take opposing approaches to inflation: The CPG giant is relying on higher prices to mitigate cost increases while the retailer focuses on retaining cost-conscious shoppers.

Tesco pushes back against Kraft Heinz price hikes: The move could resonate among shoppers struggling with ballooning grocery costs, but might give competitors an opening to steal market share.

Kroger’s retail media ambitions enter a new phase: Pacvue releases its third-party solution for optimizing, automating across the grocer’s digital ad inventory.

Instacart turns to rewards to compete in tight labor market: The grocery delivery platform added incentives like cash back and priority access to orders to keep workers from straying.

Ulta showcases newer brands in a pop-up within The Allure Store: The retailer is broadening its reach to adapt to the changing ways consumers buy beauty products.

Misfits Market looks to simplify online grocery shopping: The retailer’s new autocart feature leverages proprietary technology to select items for customers based on their previous purchases.

With grocery prices soaring, shoppers have to make choices: Inflation is forcing people to be more selective about where they invest their food dollars.

Online beauty sales are booming: Thanks to evolving consumer behavior and a proliferation of distribution channels, cosmetics and beauty is set to become one of the fastest-growing ecommerce categories of 2022.

Legal marijuana is a huge retail opportunity: Marijuana sales are expected to surpass $33 billion this year.

Amazon Fresh turns to incentives to hook Prime members: Amazon’s fledgling grocery chain offers Prime members 20% discounts on select items.

Despite rapid grocery’s well-documented struggles, companies continue to invest in the space: Retailers see value in quick commerce even as Gorillas, Jokr, and others scale back their ambitions.

Investors still have a strong appetite for plant-based foods: Plant-based dairy startup Eclipse Foods raised $40 million to fuel growth and brand awareness.

Industries focus on savings and comfort as inflation bites: Marketers design messaging to help consumers cope with higher prices.

Kellogg looks to snacks for growth: The CPG company will spin off its weaker cereal and plant-based divisions into separate entities to increase profits and return value to shareholders.

Rising prices have US adults lowering their costs, and 51% of these cost-cutters are spending less on dining out. Other expenses are in their crosshairs as well: 47% are shelling out less for clothing, toys, travel, and entertainment.

Inflation continues to affect how people buy groceries: More shoppers are opting for pickup over delivery to avoid unnecessary costs.