With order volumes increasing, Deliveroo sees opportunities from its loyalty program and grocery business. The U.K.-based delivery service on Thursday (Aug. 8) released earnings for the first half of 2024 showing slight upticks in the gross transaction volume (GTV) per order (up 5% in constant...
With ongoing financial challenges affecting consumers very differently depending on their financial standing, Kroger is seeing its initiative to improve its private-label offerings prove key to getting more budget-strapped shoppers to keep spending. On a call with analysts Thursday (June 20) discussing the grocery giant’s...
Pay later plans — those arrangements enabling consumers to cover purchases over a set period of time — are not only a popular way to shop; they have increasingly become a method to manage spending. Approximately 60% of the consumers PYMNTS Intelligence recently surveyed for...
Walmart’s grocery business is reportedly benefiting from the high price of fast food. The retailer’s chief financial officer, John David Rainey, told CNBC Thursday (May 16) that it’s “roughly 4.3 times more expensive” to buy a meal at a quick-service restaurant (QSR) than it is to purchase the...
August 14, 2024
Inflation is at a multiyear low, according to July’s Consumer Price Index from the U.S. Department of Labor. Inflation has broken through an important psychological barrier, so to speak. The Federal Reserve’s impetus to cut interest rates may have just gotten a bit stronger. But the question remains as to whether the more than 60% […]
September 15, 2023
The latest official data from the United States government gives a nod to the fact that U.S. consumer spending on grocery products remains buoyant. The resilience will likely give new...
June 30, 2023
Walmart’s strength may lie in its numbers, as its purchase rate far beats its closest competition. In-person shopping beats online in how often consumers shop at the world’s largest two...
December 22, 2021
More retailers are making a buy now, pay later (BNPL) option available at checkout, as they are finding that the increasingly popular payment method allows them to sell to customers...
August 08, 2024
With order volumes increasing, Deliveroo sees opportunities from its loyalty program and grocery business. The U.K.-based delivery service on Thursday (Aug. 8) released earnings for the first half of 2024 showing slight upticks in the gross transaction volume (GTV) per order (up 5% in constant currency) and orders themselves (up 2%). Looking to the second […]
May 16, 2024
Walmart’s grocery business is reportedly benefiting from the high price of fast food. The retailer’s chief financial officer, John David Rainey, told CNBC Thursday (May 16) that it’s “roughly 4.3 times more expensive”...
April 18, 2024
Grubhub is expanding its grocery presence via a partnership with online marketplace Mercato. The collaboration, announced Thursday (April 18), will bring Mercato’s inventory from more than 950 independent grocery stores nationwide to the Grubhub...
February 14, 2024
From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop during an earnings call Wednesday (Feb....
