PepsiCo moves to capture soaring demand for online groceries with new snack sites
4 years, 7 months ago

PepsiCo moves to capture soaring demand for online groceries with new snack sites

CNN  

New York CNN Business — In just a few months, consumers have dramatically changed the way they buy groceries. “We wanted to give the consumer another choice,” Gibu Thomas, PepsiCo’s head of e-commerce, told CNN Business. But, he noted, if people respond well to the new sites, it could help shape the company’s retail strategy in the future. Coca-Cola “experienced an upsurge in e-commerce across the globe, with the growth rate of the channel doubling in many countries,” said the company’s CEO James Quincey during a recent analyst call discussing the company’s first-quarter financial results. He added that the company plans to “embrace some seismic consumer behavior shifts that are taking place, especially in e-commerce.” Before the pandemic, consumers rarely bought groceries online.

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History of this topic

The Future of Junk Food Could Be Healthy Food
5 months, 1 week ago

The Future of Junk Food Could Be Healthy Food

Bloomberg  

A few weeks ago, PepsiCo Inc. —the biggest maker of grocery store food in the US—reported its quarterly earnings. After several years of price hikes, consumers are buying less of PepsiCo’s food and beverages, which include Lay’s potato chips, Doritos and Mountain Dew. Chief Executive Officer Ramon Laguarta blamed struggling American shoppers, whom he’ll try to woo back with discounts …

PepsiCo’s second quarter profits jump but customers slow their purchases after years of price hikes
5 months, 4 weeks ago

PepsiCo’s second quarter profits jump but customers slow their purchases after years of price hikes

Associated Press  

PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks. PepsiCo said Thursday that North American demand for its Frito-Lay snacks was “subdued” during the quarter and sales volumes dropped 4%. Laguarta said demand for energy drinks like …

Consumers are increasingly pushing back against price increases — and winning
10 months, 2 weeks ago

Consumers are increasingly pushing back against price increases — and winning

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That was the fear — that everybody would tolerate …

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint
10 months, 4 weeks ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail  

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

PepsiCo profit gets a bump on fewer charges, but sales slip after repeated price hikes
10 months, 4 weeks ago

PepsiCo profit gets a bump on fewer charges, but sales slip after repeated price hikes

Associated Press  

PepsiCo got a bump to fourth quarter profits thanks in part to lower charges and continued price hikes, but higher prices have weakened consumer demand for the company’s snacks and drinks. The New York company said Friday that it expects organic revenue growth of at least 4% this year, less than half the 9.5% growth that PepsiCo booked in 2023. …

Grocery price inflation slowdown stumbles as supermarkets offer fewer deals
11 months, 1 week ago

Grocery price inflation slowdown stumbles as supermarkets offer fewer deals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Grocery prices were 6.8% more expensive than a year …

PepsiCo products are being pulled from some Carrefour grocery stores in Europe over price hikes
1 year ago

PepsiCo products are being pulled from some Carrefour grocery stores in Europe over price hikes

Associated Press  

PARIS — Global supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s potato chips, Quaker Oats, Lipton Iced Tea and its namesake soda. The French grocery chain said it pulled PepsiCo products from shelves in France on Thursday and added small signs in stores …

PepsiCo hikes prices by double digits for the 7th consecutive quarter and profits jump 14%
1 year, 2 months ago

PepsiCo hikes prices by double digits for the 7th consecutive quarter and profits jump 14%

Associated Press  

Price hikes lifted PepsiCo’s profits in the third quarter, but the company says those increases are likely to moderate in the coming year. “Units are growing much faster than volume,” PepsiCo Chairman and CEO Ramon Laguarta said Tuesday in a conference call with investors. “I do think that we see the consumer right now being more selective,” PepsiCo’s Chief Financial …

More Australians shopping for groceries online to ensure they're getting value for money as cost-of-living pressures remain
1 year, 3 months ago

More Australians shopping for groceries online to ensure they're getting value for money as cost-of-living pressures remain

ABC  

Sarah Woodland was one of thousands of people who turned to online grocery shopping during the pandemic, but she is part of a growing trend of people who are staying away from physical stores during their weekly shop. Key points: Consumers are shopping at multiple stores to get the best deal on their grocery shop Online stores like Amazon, Catch …

Have rising prices permanently changed our habits at the supermarket?
1 year, 4 months ago

Have rising prices permanently changed our habits at the supermarket?

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Consumers keep spending freely, powering a resilient economy
1 year, 4 months ago

Consumers keep spending freely, powering a resilient economy

LA Times  

Items are displayed in a boutique along Tennyson Street in Denver. Americans increased their purchases at retailers last month — for clothing, dining out, online goods and other items — in a sign that solid consumer spending is still powering a resilient U.S. economy. Analysts noted that spending on Amazon Prime Day, the online juggernaut’s big two-day sales event that …

PepsiCo raises 2023 profit expectations as price hikes offset falling sales volume
1 year, 5 months ago

PepsiCo raises 2023 profit expectations as price hikes offset falling sales volume

Associated Press  

Higher prices lifted PepsiCo’s revenue in the second quarter but dented consumer demand, and the company said Thursday that price increases could start to moderate in the second half of this year. CEO Ramon Laguarta said the company has been surprised by consumers’ willingness to keep buying its brands despite higher prices. The perceived value of our products is better …

‘Quality, Value for Money’: Covid Restrictions May be Gone, But Habit of Buying Groceries Online Here to Stay
2 years ago

‘Quality, Value for Money’: Covid Restrictions May be Gone, But Habit of Buying Groceries Online Here to Stay

News 18  

Covid restrictions have long been removed but the ease of online grocery shopping is a lifestyle now. The study focused on factors such as frequency of online purchase of grocery items; quick commerce for grocery needs; paying delivery fees; and key parameters of quality, convenience, time and value for money, for online grocery shopping. On an aggregate basis, 67 percent …

Shoppers face £380 jump in grocery bills this year as inflation surges
2 years, 6 months ago

Shoppers face £380 jump in grocery bills this year as inflation surges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Retail data company Kantar said …

Americans are less likely to buy fruit and vegetables when grocery shopping online
2 years, 7 months ago

Americans are less likely to buy fruit and vegetables when grocery shopping online

Daily Mail  

Americans are less likely to make healthy choices when grocery shopping online, largely because they do not trust that the courier picking products for them will choose the freshest fruit and vegetable options, a new study finds. Researchers at New York University gathered data from Supplemental Nutrition Assistance Program recipients, and found they were more likely purchase non-perishable, processed, goods …

How e-groceries have finally come of age
4 years, 2 months ago

How e-groceries have finally come of age

Live Mint  

In Indian e-commerce, the Diwali shopping sale is the most important period of the year, the equivalent of the Black Friday sale. “The Diwali sale used to be a nice-to-have event for us in previous years, but this year, we’re starting to see a surge in sales, and we are needing to prepare our partners, warehouses, delivery executives to make …

Move to online grocery shopping during pandemic is 'irreversible' as three quarters of UK embrace it
4 years, 4 months ago

Move to online grocery shopping during pandemic is 'irreversible' as three quarters of UK embrace it

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Grocery shopping is forever changed by the coronavirus
4 years, 9 months ago

Grocery shopping is forever changed by the coronavirus

CNN  

New York CNN Business — The outbreak of coronavirus is pushing Americans to buy their groceries online, a development that could have a lasting effect on the supermarket industry. “We are seeing a larger percentage of customers over the age of 60 that are coming online,” said JJ Fleeman, chief e-commerce officer for Ahold Delhaize in the United States, which …

Two years in, Amazon has hardly launched a revolution at Whole Foods
5 years, 6 months ago

Two years in, Amazon has hardly launched a revolution at Whole Foods

LA Times  

Bloomberg This weekend will mark two years since Amazon.com Inc. announced it was acquiring Whole Foods Market. YouGov, which surveys shoppers about consumer brands, has found that Whole Foods’ value perception has improved meaningfully in the past two years, showing Amazon has chipped away at the “Whole Paycheck” reputation that had hurt the grocer as rivals perceived as more price-conscious, …

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