February 06, 2023
Target’s Shipt Unit Launches 5-City Pilot to Help Small Retailers...
Online delivery service Shipt says it wants to enlist small businesses in its fight against food insecurity. The Target-owned company said Monday (Feb. 6) it had launched LadderUp, an accelerator...
February 06, 2023
Consumer Shopping Data Shows Troubling Signs For Grocery Stores’ Future
Will Grocery Stores Go the Way of the Department Stores? If grocery store executives want to see what their industry could look like over the next decade, they might want...
February 06, 2023
7.2% of US Consumers Buy Groceries Online
The pandemic disrupted the reign of brick-and-mortar grocery stores as the go-to channel for most grocery shoppers. PYMNTS’ latest consumer research reveals that, on average, just 44% of consumers primarily...
February 05, 2023
Dollar Stores Become Grocery Stores as Food Prices Climb
As food costs rise, consumers are turning to dollar stores to buy groceries. More than 20% of consumers purchase their groceries at stores such as Dollar Tree and Dollar General,...
February 03, 2023
Brick-and-Mortar Grocers Bear the Brunt of Consumers’ Inflation Concerns
PYMNTS research indicates consumers’ outsized perception of fresh food inflation disproportionately hurts brick-and-mortar grocers. The Context Though online grocery may not be the novelty that it was pre-pandemic, consumers continue...
February 03, 2023
Amazon Takes a Bite Out of Traditional Grocery Sales
Grocers may want to watch their backs because Amazon is gunning to grow its share. On a call with analysts Thursday (Feb. 2) discussing the eCommerce giant’s fourth quarter 2022 financial results, the...
February 03, 2023
Discover Says Debit’s Resilience Drives New Payments Opportunities
“Consumer behavior has a tendency to be very durable.” David Schneider, president of PULSE®, part of Discover® Global Network, acknowledged to Karen Webster that we’ve all gone online in the...
February 02, 2023
Estée Lauder Q2 Reflects China Headwinds vs ‘Renaissance of Occasions’
A return to physical retail helped Estée Lauder reduce losses in its fiscal second quarter as the company talked up a “renaissance in usage occasions” and product innovations across its...
January 31, 2023
Mondelēz Says Food Inflation Getting Worse, Not Better
As CPG brands debate whether inflation is easing or intensifying, Mondelēz expects more challenges ahead. Snack and candy giant Mondelēz International, parent company of a wide range of popular brands including...
