Week of September 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
The Beauty Factor
In his latest column, DSN’s editor-in-chief examines how as the beauty industry grows and evolves, mass retailers are leading the surge.
Green Giant taps Corn Kid’s enthusiasm for first national campaign in 7 years
The viral star previously worked with the B&G Foods brand around Thanksgiving activations last year.
Halloween Spending to Reach Record $12.2 Billion as Participation Exceeds Pre-Pandemic Levels
…exceeding last year’s record of $10.6 billion, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics.
Ecommerce Product Releases: Sept. 18, 2023
Here is a list of new product releases and updates from companies offering services to ecommerce and omnichannel merchants.
Monthly Economic Review: September 2023
Economy is expanding but momentum is slowing
Retail Sales Grew Again in August Despite Slowing Economy
Retail sales rose in August as parents shopped for school supplies and other goods even as inflation continued and interest rates remained high, the National Retail Federation said.
The next wave: Alternative-seafood solutions
Global demand for fish and shellfish is growing rapidly—and alternative proteins are well positioned to sustainably scale the industry.
Past Their Prime: Injecting Excitement Into Stagnant Categories
SPINS Thought Leadership Newsletter
Retailer News
Convenience Foodservice Retailers Urged to Find Their Niche
Pilot Co. conducts sample tastings to keep on top of consumer trends.
Walmart Connect bows Sponsored Video ads to drive holiday inspiration
The introduction of on-site video ads is part of the retail media network’s effort to wed upper- and lower-funnel tactics.
Texas Welcomes New Convenience Retailer
New-to-industry Kudos will host grand opening events.
Five Predictions for Amazon’s “Prime Big Deal Days”
For the second year in a row, Amazon has announced a major fall sales event to supplement their annual summer Prime Day. Prime Big Deal Days are set to take place on October 10 & 11, serving as an unofficial kickoff to the holiday shopping season.
2023 Hot 25 Retailers
NRF’s annual look at the fastest-growing U.S. retailers
Employees Love Love’s
Indeed names the convenience retailer the number one employer for happy and fulfilled workers.
Walmart pilots Pet Services Center in Georgia
Located in Dallas, Ga., services will include routine veterinary care, grooming and a self-serve dog wash.
Kroger CEO Discusses Post-Merger Grocery Ecosystem
Rodney McMullen dives into divestiture, importance of local at Groceryshop event
Costco Offering Members Discount Pricing for Outpatient Medical Care
Through a partnership with Sesame, Costco Wholesale Corp. is making the health care company’s range of outpatient medical care services available to its members at a discounted rate.
Sprouts Farmers Market Hiring 400 Employees for 4 New Stores
Fast-growing specialty retailer searching for associates dedicated to its healthy approach to grocery shopping
Hy-Vee Launches Retail Media Division
Grocer debuts RedMedia group linking brands with shoppers across the omnichannel
Rite Aid, bracing for bankruptcy, will close hundreds of stores
Retailer also plans on selling or releasing remaining locations
Shopper News
How product attributes can build an audience
When consumers search online for a new product, they might not know what brand they want but they do know what they want the product to do for their health, for the environment, and for the greater good.
Brand interactions evolve on social media: Here’s what the numbers say
While the world has largely returned to normal, time spent on social media continues to surge.
TikTok looks past last-click as part of measurement suite expansion
A new first-party measurement solution and shift to a self-attributing network aim to help advertisers better track conversions.
How Traffic Sources Impact Online Sales
How an online shopper finds a product or store impacts conversions. Thus optimizing for sales might start well before a prospect reaches a product detail page.