Week of December 18, 2023
Accelerate Your Insights is a weekly news recap of the top trends in CPG focusing on retailer headlines, key shopper behaviors, and industry events.
Click the sources links below each headline to read more
Industry News
Top 10 NIQ insights of 2023
2023 was a challenging and transformative period for Consumer Packaged Goods (CPG) companies. Consumer priorities and behaviors changed quickly in the face of geopolitical tensions and ongoing economic uncertainties...
A Neuroscientist’s Guide to ESG: Winning Consumers and Influencing Social Change
Messaging around social issues can be risky for brands, and sustainability is no exception. But why do some campaigns trigger backlash while others are well-received?
CEW Beauty Report: TikTok Shop
Social media has always had a major influence over the beauty category, so TikTok Shop will be extremely relevant to the industry. In fact, since launch, 81% of dollar sales sold through the shop were for Health & Beauty.
Wrong Direction? Retailer Operating Expenses Grow
Direct store operating expenses outpace inside gross profit dollars.
CPGs are masking inflation by deceiving consumers, lawmaker says
Smaller package sizes have played a key role in driving up unit costs for many goods, hurting shoppers while benefiting suppliers, Sen. Bob Casey said in letters to four industry groups.
Chobani Acquires La Colombe for $900 Million
The coffee brand will continue to operate independently under Chobani.
Dollar General enters vitamin space with OhGood!
Dollar General is debuting OhGood!, a health-and-wellness supplements line of 18 products.
Grocery, Overall Retail Spending Increased This Holiday Season
New data from Mastercard shows a bump in purchases both in-store and online
Circana predicts modest food, beverage growth in 2024 after three-year decline
Outlook expects beverage, deli categories to perform best
Retailer News
Target brings dog mascot Bullseye to Las Vegas Sphere for holiday blitz
A behemoth outdoor ad running through Dec. 22 complements the retailer’s “However You Holiday, Do It For Less” campaign.
Mapping Sprouts’ ambitious growth plan
From continued West Coast expansion to its charge up the East Coast, here’s a visual guide to the specialty grocer’s progress in new and existing markets.
Kroger Piloting Primary Care for Seniors at 8 Little Clinics
Services, managed by Better Health Group, will be available in Atlanta-area stores
Harris Teeter Rolls Out Nationwide Floral Delivery
Orders placed before 10 a.m. eligible for same-day delivery Monday-Saturday
Giant Eagle Moving to New Headquarters
Company to shift operations, staff to another suburban Pittsburgh building this spring
Supermarkets Help Shoppers Celebrate New Year's Eve at Home
The Fresh Market, Whole Foods and Gelson’s among retailers offering meal packages and entertaining tips
Year in review: 2023 food retail stocks — Sprouts, Costco, Natural Grocers outpace a flattish industry
Most companies’ shares on pace to trail the market’s overall performance for the year
H-E-B Begins Work On First Joe V’s Smart Shop In Dallas
Continuing its expansion in the Dallas-Fort Worth Metroplex, H-E-B has broken ground on its first Joe V’s Smart Shop outside the Houston area.
Report Touts Instacart’s Economic Impact On Grocery
In its first Economic Impact Report, Instacart reports that it has added more than 231,000 brick-and-mortar grocery jobs and nearly $8 billion in incremental revenue for the U.S. grocery industry since its founding in 2012.
Walmart adds Affirm’s buy now, pay later option to self-checkout
In an expanded partnership between the two companies, the retailer is adding the BNPL option to checkout kiosks at most stores.
Rite Aid banned from use of facial recognition tech for 5 years
The company’s “reckless” use of the technology harmed customers, the FTC said.
NJ ShopRite operator implements locker-based delivery for food desert
The grocer has received $250,000 in state funding to help cover the cost of a temperature-controlled locker at a women’s resource center in Newark.
Shopper News
The Gen Z equation
Generation Z is coming into its own. Savvy companies will consider what differentiates these 13- to 27-year-olds—in the workplace and as consumers.
Wellness Trends for the New Year
Nutritionists can encourage shoppers to use the occasion to resolve to get healthier
Survey Highlights Rising Use Of Coupons, Retail Apps
Despite a slowdown in inflation, a recent survey by Swiftly shows that grocery shopping remains a financial burden for many, with two-thirds of consumers still struggling to afford groceries.
More households are making mass retailers their primary grocery source, report finds
In November, 42% of households used a mass retailer for most of their in-store or online food-at-home purchasing — a reversal from May, per new findings from Brick Meets Click and Mercatus.
Pardon the Disruption: 7 trends that defined 2023
While this year featured a complex mix of narratives and developments, there was one word that seemed to sum everything up.
Snacks Rise in Popularity as Consumers Are Hungry for More Time
Frito-Lay released its findings from the fifth annual U.S. Snack Index.