Loblaw leans into value: The Canadian grocer is testing a new discount store format called no name that features a limited selection of items to appeal to cost-conscious consumers.
Coupons play a bigger role in purchasing decisions as consumers become increasingly value-conscious. More than a quarter (26%) of US adults are using more coupons this year because of the state of the economy, according to July 2024 data by Prosper Insights & Analytics and the National Retail Federation. Here are five stats to better understand how and where consumers are seeking savings.
On today's podcast episode, we discuss what Chipotle has that Starbucks is trying to gain, how Starbucks can turn the ship around, and what its struggles tell us about the greater retail world. Listen to the conversation with our analyst Sara Lebow as she hosts analyst Sky Canaves and vice president of content Suzy Davidkhanian.
Sephora reduces staff in China by 10%: The layoffs are part of a restructuring as owner LVMH strategizes against a broader luxury slowdown in the region.
More than 181 million people in the US will be Amazon Prime members this year, representing nearly 7 in 10 (73.7%) US internet users, according to our July 2024 forecast. Many of them turn to influencers before checking out; others can be won over by better discounts from competitor retailers; while some favor Amazon for fashion over groceries.
Not all consumers accept cookies when given the choice.
As the Asia-Pacific region experiences profound demographic and economic shifts, the pet economy is emerging as a vibrant and rapidly growing sector.
Beauty brands experience stiff headwinds as Chinese consumers pull back: Estée Lauder, L’Oreal, and La Prairie maker Beiersdorf need to find new ways to drive growth amid the challenging landscape.
Circle K’s owner makes a major play to broaden reach: Alimentation Couche-Tard’s bid to buy 7-Eleven’s parent would create a retail colossus with more than 100,000 stores.
Digital grocery sales growth accelerated in July: Promotions from Walmart, Instacart, and Amazon pushed delivery sales up 22% YoY, but consumer interest may dry up as the discounts do.
Kroger promises to lower grocery prices by $1 billion if Albertsons merger is approved: But the political climate is unfavorable to the grocers as VP Kamala Harris makes high grocery prices a key campaign issue.
It’s not easy to get shoppers to switch grocery stores: Consumers are far more loyal to their grocers than they are to specific brands.
Aldi is partnering with Instacart to deploy the latter’s Connected Stores solution. The partnership comes at a time when consumers are increasingly turning to discount retailers for low prices amid a tough economic climate.
Mars branches out into savory snacks with $35.9 billion Kellanova acquisition: The deal—if approved—will enable the company to keep pace with consumers’ desire for healthier snacks, reach more Gen Zers and millennials, and unlock cost savings.
Neutrogena debuts product line on TikTok Shop in a bid to woo Gen Z skincare obsessives: The brand hopes to regain market share in the dermatological space after ceding ground to L’Oréal’s CeraVe and La Roche Posay.
Walmart sells the top-five private label brands: That’s a strong differentiator at a time when a sizable segment of consumers is trading down to store brands.
Small-format stores are gaining popularity among retailers trying to get closer to where consumers live and work. Some retailers, like Macy’s, are using small-format stores to reach consumers in more urban locations. But others, like Target, are going for a slightly different demographic—college students.
E.l.f. Beauty’s win streak continues as Gen Zers stock up on dupes: The company gained share for the 22nd-straight quarter, and outperformed its peers thanks to its strategic decision to stay away from China.
Prestige beauty outperformed mass brands in the first half of the year: While consumers are happy to pay more for premium products, the category is not immune to economic uncertainty.
European etailer Zalando’s Q2 earnings surge: The business broke a streak of flat quarters thanks to faster delivery times, a more relevant product assortment, and a focus on quality.