Makers and retailers of packaged foods and drinks are reportedly emphasizing value and discounts to a greater degree than they’ve done since the pandemic. This trend marks a reversal of the strategy companies have pursued since the beginning of the pandemic, which was to focus...
The rising cost of candy has reportedly led consumers to rethink their Halloween plans. Candy and gum prices rose by 7.5% in September compared to the same period last year, reflecting the overall trend of increasing costs, The Wall Street Journal (WSJ) reported Friday (Oct. 27), citing...
As grocers increasingly shift their focus to their digital and omnichannel businesses, Hershey is seeing one of its key business customers pull back as it prioritizes eCommerce. In prepared remarks shared with analysts Thursday (Oct. 26) discussing the sweets and snacks giant’s third-quarter 2023 financial...
Grocery shoppers’ deal-seeking behavior is requiring brands to step up their promotional efforts, according to Hershey. The snack and confectionery giant shared in a Q&A with analysts Thursday (April 27) discussing its first-quarter 2023 earnings results that changes in consumer behavior have required the company...
August 05, 2024
As the consumer packaged goods (CPG) industry grapples with complex economic and consumer trends, three major players — Mondelez International, Kraft Heinz and Hershey — are steering their ships through turbulent waters with distinct strategies and adaptive approaches. From surging cocoa prices to evolving consumer preferences and regional market dynamics, these companies demonstrated resilience and innovation in […]
April 08, 2024
Makers and retailers of packaged foods and drinks are reportedly emphasizing value and discounts to a greater degree than they’ve done since the pandemic. This trend marks a reversal of the strategy companies have pursued since the beginning of the pandemic, which was to focus on premium products to justify their increasingly higher prices, Reuters […]
October 27, 2023
The rising cost of candy has reportedly led consumers to rethink their Halloween plans. Candy and gum prices rose by 7.5% in September compared to the same period last year,...
April 29, 2021
Hershey’s first-quarter results were, once again, sweet music to shareholders’ ears. Consumers’ chocolate cravings during COVID-19 times have meant increased sales for the candy company right through the pandemic, as...
October 13, 2020
Hershey has become a part of Camp by Walmart as the inaugural brand integration in the digital camp. Camp by Walmart, which is fueled by interactive entertainment firm eko and...
