Week of October 9, 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
Monthly Economic Review: October 2023
Economy continues to grow despite new challenges
The Pursuit Of Personalized Insights: Inside Henkel’s Experience Center
Henkel’s North American Experience Center is proving to be an innovation nexus for the consumer goods company as it evolves into its new corporate structure.
NACS Show Delivers Big Crowds, New Ideas
The 2023 NACS Show is over, but the year is just beginning.
Grocery TV Now at 4,000 Stores
Company boasts 20,000 displays at entrances, front end and pharmacy
Your top questions about flavoring functional foods: Answered
Functional foods—packaged foods that contain nutritional value-added components, such as proteins, vitamins, and botanical extracts—are a rapidly growing category.
Video Forum: Dr. Vin Gupta, Amazon Pharmacy
The growing impact of online pharmacies
HRG’s five notable products from September
HRG reviewed 34 products in the health category, 44 items in the wellness sector and 22 items in the beauty aisle to see which ones stood out as Products to Watch.
M&M’s teams with Gopuff to deliver emergency candy refills on Halloween
Consumers who live in areas covered by the ultrafast delivery service can request a free refill while supplies last.
Candy Continues to Climb
The candy category continues to be a sweet bet for convenience retailers. Candy posted a 51.84% gross margin last year, which was an increase of 1.27 points over 2021, according to the NACS State of the Industry (SOI) Report of 2022 Data.
California makes history as first state to ban food additives linked to disease
The state’s Food Safety Act takes effect in 2027 and will prohibit the sale of common ingredients in products like candy and soda.
5 things: The rise of non-alcoholic beer
Here’s 5 things you may have missed in grocery
Retailer News
Progressive Grocer Unveils the Retailers of the Century
These 11 food retailers have successfully reimagined grocery over the past 100 years
The Best Regional Grocery Chains in America
How Publix, H-E-B and Meijer are standing out and thriving with hyper-local strategies
How Target is expanding its retail media network as holiday marketing heats up
A new self-service tool, more premium publisher partners and a shoppable CTV format are a focus for Roundel.
1st Member-Owned Grocery Co-Op Opens in Boston
Dorchester Food Co-op fills a void, as new industry report underscores value of such endeavors
Sprouts Opens Southern California Distribution Center
The facility will also support the company’s ongoing expansion across California and the U.S., as well as efforts to improve its environmental impact and sustainability.
Dollar General, Bayer partner on increasing access to fruit, vegetables for children
School districts and organizations whose students will receive fresh produce coupons are in Florida, Louisiana, Maryland, Michigan, Mississippi, Missouri, Ohio and Pennsylvania.
SQRL acquires 210 c-stores throughout the U.S.
Gas station and c-store operator SQRL acquired 210 new stores throughout the U.S. from an unnamed seller at an undisclosed purchase price.
Costco Sued for Allegedly Sharing Members’ Health Data
Lawsuit accuses wholesale club of violating patient privacy by using Meta Pixel tracking
Shopper News
Stable and spending: An update on the state of the US consumer
Consumer optimism in the United States remained steady over the summer, while consumer spending saw a modest uptick across most categories. Here’s the latest research from our ConsumerWise team.
Gen Z Cuts Spending in Face of Inflation
Rising prices are causing Gen Z to reduce spending and dine at home.
The slow road to retail: How consumers are dictating cultivated meat’s strategy
Consumer acceptance is a major challenge facing the space, and a big reason why Upside Foods and Eat Just are only available at exclusive restaurants.
Shoppers say inflation will impact their Halloween candy spending
A new study indicates that 41% of shoppers will be cautious in their spending