DoorDash is experiencing a rise in orders from new customers seeking non-restaurant items such as groceries and flowers, with CEO Tony Xu noting that the company attracts more first-time non-restaurant customers than any other platform. The company’s expansion into the grocery sector has led to a surge in total orders, reaching 532 million in a…
McDonald’s is launching a new “As Featured In Meal” as part of its successful “Famous Order” platform, which includes meals inspired by celebrity orders. This new combo meal, debuting on August 14, is inspired by menu items mentioned in iconic films and TV shows, including “Seinfeld,” “Space Jam,” and “Reality Bites.” The meal will also…
Target is introducing an option for customers to order Starbucks food and beverages for curbside delivery through its Drive Up service. This feature is being rolled out nationwide after a year of testing in select stores. Customers ordering Starbucks items for curbside pickup will also need to purchase a Target product, which appears to be…
Retailers are raising concerns about organized retail theft affecting their profits, but there’s a lack of concrete data to validate these claims. Many companies have cited shrink, which refers to lost inventory from theft, as a reason for reduced profit outlooks. However, retailers are not required to disclose losses from stolen goods, and the difficulty…
Beyond Meat’s stock fell over 20% after the company reported weak sales, revised down its full-year revenue forecast, and postponed its goal of achieving positive cash flow in the second half of the year. The company’s struggle with declining U.S. consumer interest in its meat alternatives has led to efforts to cut costs and become…
Coffee chains like Starbucks and Tim Hortons are witnessing a growing trend among customers, particularly from the younger generation, who are favoring cold drinks and iced coffees over traditional hot options. Cold beverages account for a significant portion of sales for these chains, with Starbucks reporting that cold drinks make up 75% of its beverage…
The beauty industry is experiencing three significant trends that will shape its future. Firstly, the way marketing is conducted has changed, with a focus on engagement and entertainment through short videos that tell a story, correlating directly with higher sales. Secondly, technology is impacting product formulation, personalization, and marketing, with a surge of startups focused…
The recovery of China’s luxury market is slower than expected, which could impact U.S. luxury brands like Capri and Estee Lauder, leading to a hit on their sales. Companies had anticipated a stronger rebound in China’s demand after pandemic restrictions eased, but the cautious spending behavior of Chinese consumers during reopening has affected the market….
Sportswear maker Under Armour reported a surprise first-quarter profit and exceeded sales expectations due to reduced cost pressures and increased discounts that boosted demand for its clothing and footwear. The company’s gross margins fell to 46.1% as it offered steep discounts to clear inventories and attract budget-conscious consumers amid inflation concerns. While the company’s North…
Haircare brand Olaplex is facing a decline in sales, especially through hair salons, with a 61% drop in sales from this channel during the second quarter of the year. This decline is significant as hairstylists play a vital role in introducing customers to the brand, and many users first encounter Olaplex products during salon treatments….
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