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.
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.