As consumers continue to allow themselves small indulgences amid ongoing inflation, many continue to opt for sweets at the grocery store. By the Numbers For the latest installment of PYMNTS’ series “New Reality Check: The Paycheck-to-Paycheck Report,” created in collaboration with LendingClub, “The Nonessential Spending Deep...
As online grocery grows, brands, retailers and third-party platforms alike are looking to grow their share in the category, and with PepsiCo’s major investment in Instacart, the food and beverage giant is looking toward its digital future. As grocery technology giant Instacart disclosed in its Form...
Some of the world’s biggest food companies are reportedly interested in buying Hostess Brands. The Twinkies-maker is considering a sale after hearing takeover interest from companies that include General Mills, PepsiCo, Mondelez International and The Hershey Company, Reuters reported Friday (Aug. 25) — citing sources familiar with the matter. PYMNTS has contacted...
X, the social media platform formerly known as Twitter, is reportedly trying to gain back advertisers. The platform is now offering discounted prices and a new set of incentives to encourage brands to come back, The Wall Street Journal (WSJ) reported Tuesday (July 25), citing emails...
February 08, 2023
Smaller grocers are again caught between consumers and prices as major brands pass on their commodities costs. Shoppers globally are expected to pay even more for branded food items in the coming year as packaged goods production expenses remain high, Reuters reported Wednesday (Feb. 8). Manufacturers, in turn, are projected to increase item prices until […]
November 20, 2020
The digital shift has been well-documented in many categories but arguably none have been as dramatic as the consumer packaged goods (CPG) category. Research shows it has gone from 3...
August 27, 2023
Some of the world’s biggest food companies are reportedly interested in buying Hostess Brands. The Twinkies-maker is considering a sale after hearing takeover interest from companies that include General Mills, PepsiCo, Mondelez International and The Hershey Company, Reuters reported Friday (Aug. 25) — citing sources familiar with the matter. PYMNTS has contacted all five companies for comment but has not yet received […]
July 25, 2023
X, the social media platform formerly known as Twitter, is reportedly trying to gain back advertisers. The platform is now offering discounted prices and a new set of incentives to...
November 04, 2022
With activist groups pressuring advertisers to leave Twitter after its acquisition by Elon Musk, the social media platform has seen “a massive drop in revenue,” Musk said Friday (Nov. 4)...
November 02, 2022
While reporting record revenue Wednesday (Nov. 2), global shipping giant Maersk nonetheless warned of “dark clouds” facing its industry. These clouds come in the form of Russia’s invasion of Ukraine,...
