General Mills news and trends

Consumers Pull Back on Spending; Companies Cut Costs
Economy // December 29, 2023

Companies are reportedly facing the reality of limited pricing power as demand weakens and consumers become more price sensitive. This marks a shift from recent years, when companies across various industries enjoyed strong consumer spending and the ability to increase prices, CNBC reported Friday (Dec....

General Mills: Pet Food’s Digital Shift Eats Away at Retail Sales
Earnings // December 20, 2023

As consumers increasingly turn to digital channels to feed their fur babies, General Mills is seeing in-store pet food sales take a dip, even as eCommerce continues to grow in the category. The food giant shared in prepared remarks accompanying its second-quarter fiscal 2024 earnings...

Report: Ibotta Prepares for $2 Billion IPO
IPO // November 02, 2023

Ibotta, the digital marketing software firm, is reportedly gearing up for an initial public offering (IPO) that could value the company at $2 billion or more. To assist with the IPO, Ibotta has enlisted the help of Goldman Sachs Group and Citigroup as advisers, Bloomberg reported Thursday (Nov. 2), citing unnamed...

General Mills Predicts Restaurant Inflation Will Drive Fall Grocery Sales
Economy // September 20, 2023

General Mills predicted that with restaurant inflation exacerbating the gap between dining out and eating at home, more consumers will get their food at the grocery store this fall. On a call with analysts Wednesday (Sept. 20) discussing the company’s first-quarter fiscal year 2024 earnings...

Interviews & Exclusives
H&M, Shein Explore New Retail Model With Third-Party Brands

July 03, 2023
The announcement that H&M and Shein are diversifying their offerings through third-party assistance (brand incorporation or sellers) isn’t unusual because now when a consumer shops on Shein they can find a house appliance to go hand in hand with their summer crop top (It’s not totally bizarre, you can do the same thing on Amazon). […]

Innovation Trix You Can Learn From Breakfast Children’s Cereal

September 23, 2017
For all the plaudits disruptive innovation gets, it is easy to overlook how hard it is to achieve. First of all, new ideas are not easy to develop. While it’s an exaggeration...

Quick Reads
Food, Packaged Goods Firms Boost Promotions Amid Consumer Caution

July 07, 2024
After years of steady price increases, food and packaged goods manufacturers and retailers are reportedly offering more discounts in both the United States and Europe. In the U.S., in the 12 months ending in June, 28.6% of products were sold with promotions such as discounts, coupons and spending on special placement of the products in stores, […]

Consumers Pull Back on Spending; Companies Cut Costs

December 29, 2023
Companies are reportedly facing the reality of limited pricing power as demand weakens and consumers become more price sensitive. This marks a shift from recent years, when companies across various...

Report: Ibotta Prepares for $2 Billion IPO

November 02, 2023
Ibotta, the digital marketing software firm, is reportedly gearing up for an initial public offering (IPO) that could value the company at $2 billion or more. To assist with the...

Are Pet Parents Finally Starting to Trade Down on Food?

September 12, 2023
Are America’s dog and cat owners beginning to switch to cheaper pet foods? The grocery trade-down wave has been underway for months as inflation continues, but pet products managed to avoid that...