April 23, 2024
Perplexity Valued at $1 Billion as It Challenges Google Search
Perplexity has reportedly raised $63 million as it aims to compete with Google’s search engine. The new funding round values the artificial intelligence (AI) startup at $1 billion, marking a two-fold jump in valuation so...
April 23, 2024
Pepsi: Snack, Soda Consumer Resiliency Drives Growth
PepsiCo is crediting its quarterly growth to resilient consumer behavior, especially on an international scale. The soda and snack food giant on Tuesday (April 23) released earnings showing 2.3% net revenue growth,...
April 23, 2024
Consumers Demand AI-Powered Expertise When Exploring New eCommerce Categories
When trying unfamiliar products online, consumers demand a high degree of expert, personalized guidance — the kind that they are used to getting in stores — and artificial intelligence (AI)...
April 10, 2024
Wholesale Inventories Rose 0.5% in February, Matching Economists’ Expectations
U.S. wholesale inventories rose 0.5% in February compared with January. When compared with February 2023, these total inventories declined 1.5%, the U.S. Census Bureau said in a Wednesday (April 10) press release. The...
April 05, 2024
Funds Pour in for D2C Wine as Millennials Seek Boozy...
With younger generations getting more of their day-to-day needs met via direct-to-consumer (D2C) subscriptions, investors are backing eCommerce wine platforms by the millions. Most recently, brand acquisition firm Full Glass Wine...
April 04, 2024
Aggregators Expand Into Highly Consumable Retail Categories to Drive Frequency
As restaurant and grocery aggregators push beyond their original categories to grow their penetration in retail, some are turning to consumables overall to drive purchasing frequency. Take, for instance, nutritional...
April 01, 2024
DoorDash Enters Home Improvement Category With Lowe’s Partnership
DoorDash has entered the home improvement category with a new partnership with Lowe’s. The on-demand delivery aggregator now offers gardening tools, spring cleaning essentials, do-it-yourself supplies and other products from...
March 18, 2024
DoorDash Says Consumers’ Instant Demand Now Includes Beauty Products
As DoorDash aims to shift its focus from just restaurant delivery to on-demand fulfillment overall, the aggregator is expanding its beauty selection to drive adoption of its non-consumable offerings. In...
March 17, 2024
Luxembourg’s Largest Brewery Faces EU Scrutiny in Boissons Heintz Buy
Luxembourg’s brewing industry faces a significant regulatory hurdle as Brasserie Nationale, the country’s largest brewery, seeks to acquire wholesale drinks distributor Boissons Heintz. The European Commission, acting upon a request...