McCormick & Company is using D2C to test flavors that could draw new customers into the fold. On an earnings call with analysts Tuesday (March 28), the flavorings giant said consumers are looking for both novel tastes and quick, easy food options. “We’re launching new...
Gopuff has apparently turned to competitors for assistance in filling a delivery driver shortage. The Philadelphia-based rapid delivery service has been using Uber and DoorDash to help fulfill orders, the Financial Times (FT) reported Monday (March 27). It marks the latest sign of trouble for...
British consumers are searching for information about return policies as more retailers begin charging fees. The number of online searches for “do I need to pay for returns” in the United Kingdom has increased by 247%, according to Paymentsense. “Customers are also reporting that they...
Alibaba Group is splitting into six pieces with plans to take these new businesses public. The Chinese eCommerce company said Tuesday (March 28) it was undergoing the biggest revamp in its nearly 25-year history, dividing into a number of new businesses as its country’s government...
HSN and QVC both pioneered the concept of live, televised shopping, enabling customers to witness product demonstrations and make purchases in real time. Traditionally popular with consumers between the ages of 35 and 64, the concept has gained popularity among a much younger cohort, especially...
“Not for you — for everyone,” that’s Telfar’s tagline. It’s a sentiment the luxury label is looking to further through its latest live pricing strategy, which allows customers to set their own prices. While the model feels revolutionary to the luxury industry, is it really?...
Customers pulled $109 billion from smaller banks during the recent banking crisis. That’s according to recent research by Moody’s Corp., which also shows that larger banks saw a $120 billion influx during the same time period. The research — cited in a Bloomberg News report...
Advances in artificial intelligence (AI) could eventually impact 300 million jobs worldwide. That’s according to new research released Monday (Mar. 27) by Goldman Sachs, which finds that generative AI technology such as ChatGPT could lead to a boom in productivity, but also create significant disruption...
With consumers working more jobs to make ends meet, many are seeking quick meals. The Context As rising economic pressures force many consumers to take on these additional jobs, fewer have the time to prepare meals from scratch. Given these busy lifestyles, grocers are increasingly...