News

eCommerce
Talitha Coffee: Overwhelmed D2C Subscribers Benefit From Handholding
August 30, 2023

While true coffee aficionados may know exactly what they are looking for on eCommerce platforms, Talitha Coffee notes, the average consumer may find the range of options confusing, and by being more hands-on, brands can help ease the pathway to purchase. The mission-focused brand recently...

Retail
e.l.f. Beauty to Double Share of Skin Care Market With Naturium Acquisition
August 30, 2023

e.l.f. Beauty announced it has entered a definitive agreement to acquire skin care brand Naturium. The deal, valued at $355 million, is expected to double e.l.f. Beauty’s presence in the skin care market to approximately 18% of retail sales, the company said in a Tuesday (Aug. 29) press...

Retail
Big Lots Banks on Holiday Shopping to Bounce Back From Weak Q2
August 30, 2023

Big Lots is hoping holiday décor will put consumers in a shopping mood.   The discount retailer, while announcing its second-quarter earnings Tuesday (Aug. 29), acknowledged that persistent inflation has negatively impacted its financial performance, leading consumers to cut back on discretionary spending.  Earlier this month,...

Retail
Driving Sales Through Exclusivity Takes Time, Says Brunello Cucinelli  
August 30, 2023

Quiet luxury is the epitome of exclusivity, transcending ostentatious displays of wealth, and that’s a realm Brunello Cucinelli is determined to stay in.  “Exclusivity and rarity will allow a company to last a century. It’s not easy, but this is what we believe in,” said...

Artificial Intelligence
AI or Human? It Can Be Hard to Tell
August 30, 2023

How do we decide whether a piece of text was created by a human, artificial intelligence (AI) or a combination of the two? Some studies find that more than half of individuals cannot accurately identify content made by AI chatbots. That percentage jumps to 66%...

Retail
Gen Z Shifts Product Discovery From the Storefront to the Streaming Platform
August 30, 2023

Consumer search and shopping habits have transformed over time. With platforms ranging from Google and Pinterest to TikTok — according to Google’s own data, nearly 40% of Gen Z consumers use TikTok and Instagram for search instead of Google — individuals now have a variety...

Investments
JPMorgan Boosts Investment in Brazil’s C6 Bank
August 29, 2023

J.P. Morgan Chase & Co. has boosted its stake in Brazilian digital bank C6 Bank from 40% to 46%. The financial terms of the deal were not disclosed, Reuters reported Tuesday (Aug. 29), citing a statement released by the banks. This expanded investment comes after J.P. Morgan initially bought...

Delivery
Restaurant Customers Spend Twice as Much on Delivery Food Than Pickup
August 29, 2023

Restaurant inflation may have many consumers shifting away from restaurant delivery toward pickup, but when diners do order delivery, they are spending more than ever. By the Numbers PYMNTS research for the Connected Dining series found that, as of the start of this year, consumers...

Retail
Walmart Channels Walgreens With COVID, Flu and Strep Throat Testing in Pharmacies
August 29, 2023

Walmart has launched a new program called Testing and Treatment at its pharmacies in 12 states, according to the retailer Tuesday (Aug. 29). The program allows Walmart pharmacists to test customers for strep throat, the flu and COVID-19 and then provide appropriate treatments. The program is available...