July 21, 2023
Can eGrocery’s Profitability Challenges Be Fixed With AI Procurement?
As grocers struggle to make their eCommerce businesses as profitable as brick-and-mortar channels, artificial intelligence (AI) can help close the gap. In an interview with PYMNTS, Alex Weinstein, chief digital...
July 20, 2023
Tylenol Maker Kenvue Sees Self-Care Surge as Amazon Emerges as...
Despite beating second-quarter revenue and earnings expectations in its first quarterly report since spinning out from Johnson & Johnson two months ago, Kenvue’s shares declined on Thursday (July 20). The...
July 20, 2023
Whole Foods Rolls Out Amazon One as Grocers Tap Account-Linked...
As grocers look to boost their data-collecting capabilities in stores, Whole Foods Market is rolling out parent company Amazon’s palm payment capabilities across all locations. On Thursday (July 20), Amazon...
July 20, 2023
Ocado CEO: U.S. Lags Behind Other Countries on eGrocery Profitability
As United States grocers look to seize on the digital shift, they may need to update their infrastructure to make eCommerce worth its while in the long run, according to...
July 20, 2023
Kim Kardashian’s Skims Captures $4 Billion Valuation
Kim Kardashian’s business empire is now worth $4 billion more. The influencer/mogul’s apparel company Skims has been valued at $4 billion following a $270 million funding round, The New York Times reported Wednesday (July...
July 18, 2023
DIG Launches Dinner Box as Ready-to-Eat Providers Seize Restaurant Occasions
As ready-to-eat meal options gain share from restaurants, DIG has become the latest eatery to take an “If you can’t beat ’em, join ’em” approach. The New York-based fast-casual chain...
July 18, 2023
McDonald’s Australia Opens Fries-Only Pop-Up as Fast Food Goes Niche
“Would you like fries with that?” is a question you won’t hear at McDonald’s Australia’s new pop-up shop, a fries-only restaurant. This concept may be a gimmick, but as quick-service...
July 18, 2023
Half Magic Leverages ‘Euphoria’ Buzz to Keep Consumers Engaged Amid...
With consumers pulling back on unnecessary purchases amid macroeconomic challenges, direct-to-consumer (D2C) beauty brand Half Magic is seizing on its founder’s wide social following to keep shoppers coming back even...
July 18, 2023
As Retail Sales Miss Expectations, Is a Summer Slowdown in...
June’s retail sales report missed expectations — and it may be the case that tepid consumer spending, while still increasing, may wind up causing a buildup of inventory on merchants’...
