Constellation Brands Beats on Earnings as Modelo-Fueled Beer Momentum Continues
October 5, 2023 : Constellation Brands, the maker of Corona and Modelo beer, beat analyst expectations on earnings Thursday as its beer business continued to perform well.
Incoming Macy’s CEO Calls Bloomingdale’s Brand a “Growth Vehicle” for the Company
October 4, 2023 : Incoming Macy’s CEO John Donahoe has called the Bloomingdale’s brand a “growth vehicle” for the company. In an interview with CNBC, Donahoe said that Bloomingdale’s has a “unique and differentiated” brand that can appeal to more customers than Macy’s.
Zoku Announces the Release of Advanced Omni-Commerce Platform for Retail
October 4, 2023 : Zoku, a leading provider of omni-commerce solutions, today announced the release of its advanced omni-commerce platform for retail. The platform is designed to help retailers of all sizes create a seamless and unified shopping experience for their customers, regardless of how they shop.
Blue Apron to Be Acquired by Wonder Group for $103 Million, Ending Tumultuous Post-IPO Journey
October 3, 2023 :Meal kit delivery company Blue Apron has agreed to be acquired by Wonder Group, a food and restaurant company founded by entrepreneur Marc Lore, for $103 million. The deal, expected to close in the fourth quarter of 2023, represents a significant discount to Blue Apron’s valuation of $1.89 billion at its IPO in 2017.
Billionaire Arnault Denies Money Laundering Allegations, Calls Them “Absurd” and “Senseless”
October 3, 2023 : Bernard Arnault, the chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE and Europe’s richest man, has vehemently denied allegations that he was involved in a money laundering scheme involving Russian oligarch Nikolai Sarkisov.
GameStop CEO Ryan Cohen Calls for “Extreme Frugality” to Ensure Survival
October 2, 2023 : GameStop CEO Ryan Cohen has called for “extreme frugality” from employees to ensure the company’s survival. In an internal memo obtained by The Wall Street Journal, Cohen said that GameStop is facing “existential challenges” and that employees need to make sacrifices to turn the company around.
VenHub and DoBot Robotics Forge Alliance to Define the Future of Autonomous Retail and Advanced Robotics
September 27, 2023 : In a groundbreaking alliance, VenHub, a leading provider of autonomous retail solutions, and DoBot Robotics, a pioneer in advanced robotics, have joined forces to redefine the future of retail.
Amazon Invests US $4 Billion in Anthropic.
September 27, 2023 : Amazon has announced a US $4 billion investment in Anthropic, a startup developing artificial general intelligence (AGI). The investment is the largest ever in a company focused on AGI, which shows Amazon’s growing interest in this field.
French Grocery Chain Adds ‘Shrinkflation’ Labels to Products in Bid to Shame Supplier Pricing
September 20, 2023 : French grocery chain Carrefour has begun adding “shrinkflation” labels to products that have been reduced in size or weight but increased in price. The move is an attempt to pressure suppliers to lower their prices.
Packaging Innovation Driving Retail Dynamics: Point of Purchase Packaging Market Forecasted to Grow
September 7, 2023 : The global point of purchase (POP) packaging market is projected to reach US$26.3 billion by 2030, growing at a CAGR of 7.3% from 2022 to 2030. This growth is driven by the increasing demand for innovative and eye-catching packaging that can help retailers attract and retain customers.
