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.
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.