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.
Rapid delivery startup Jokr plans to shutter its US operations: The company is the latest startup to have to change course amid rising interest rates.
Right idea, wrong timing for Coke: It’s new Jack-and-Coke cocktail in a can could be a hit—or a victim of inflation.
Beauty is one of the fastest-growing ecommerce categories: Newly minted unicorn Purplle hopes to keep that momentum going even as shoppers return to stores.
DoorDash leans on subscriber revenues as the delivery market cools: The platform’s focus on building loyalty could help it outlast competitors like Gorillas.
Soaring food prices are causing consumers to rethink their spending: Consumers are changing both where and how they shop for groceries, as well as what else they buy.
There’s no end in sight for service workers’ unionization pushes: Employees at a Trader Joe’s in western Massachusetts aim to create the company’s first union.
Food delivery platforms in China struggle to maintain their pandemic gains: As consumers venture out to restaurants and stores, platforms like MissFresh and Meituan are looking for new ways to keep customers on the platform.
Starbucks’ next CEO will face a host of challenges: The company is looking outside its walls for a leader as it struggles with worker unionization and changing consumer behavior.
3D-printed ear for transplant used human cells: AuriNovo is a patient-specific living tissue implant created through 3D-bioprinting. It could lead to safe and successful outer-ear implants by using the patient's own cells.
Price-conscious consumers are economizing at the grocery store as inflation takes hold. Among US adults who are cutting back on groceries, 41% are buying fewer items from name brands, and 29% are spending less on alcohol and spirits.