CNBC
"The company didn’t share exact dates for the event, called 'Prime Big Deal Days,' but said it will be held in 19 countries," per CNBC. "The Prime Day sequel comes as retailers are bracing for a downbeat holiday spending season this year, according to the
latest CNBC Supply Chain Survey."
Fast Company
Airbnb "aims to tap into [the] global pop-culture moment" with several recent "celebrity stunt-marketing listings," including the Barbie Dreamhouse -- and Gwyneth Paltrow's Montecito, California home, tied to her Goop brand. Those listings are designed to establish Airbnb "as a high-end, luxury good while being a ballast for the brand’s yearslong push into establishing its image to be as personal and human as possible," per Fast Company.
The Washington Post
"Almost four months after the Orlando-based food storage company expressed “substantial doubt” about its viability as
sales slumped, Tupperware on Thursday announced a deal to restructure its debt," per
The Washington Post. "The market reacted positively — shares rose 35 percent Friday."
QSR magazine
A QSR magazine post about Starbucks' Q3 earnings noted its "highest weekly sales ever," but highlighted this trend: "Starbucks’ cold business reached 75 percent of U.S. beverage sales in Q3. Cold espresso beverages in particular rose 13 percent, year-over-year." That icy trend went hand in hand with customization, with new tech delivering customized cold brews faster than ever.
Chain Store Age
The veteran mail-order retailer is adding four brick-and-mortar locations (two in Quebec, Canada, two in Massachusetts) to its 56-store inventory, along with wholesale relationships with Dillard’s, outdoor goods retailer Moosejaw, and "10 independent specialty retailers in the Southeastern U.S.," per Chain Store Age. "The expansion follows L.L. Bean’s second-strongest revenue performance in the company’s history, with annual net revenue totaling $1.8 billion for 2022."
Muse by Clio
It's not always easy to take a stand and do the right thing, but brands need to keep the long game in mind. "Unfortunately, many brands seem to have forgotten that Pride is a movement, not a moment; a purposeful movement that has stood up against ignorance, fear and hatred," per Muse by Clio. "For the last few years, we've seen an abundance of virtue-signaling and purpose-washing from companies eager to appropriate this storyline (and others) and remain relevant to increasingly diverse, younger consumers."
The Real Deal
VICI Properties, a New York-based real estate investment trust specializing in entertainment projects, has put $150 million toward a Fort Worth wellness company’s expansion plans. Canyon Ranch, headed by CEO Jeff Kuster, creates luxury resorts and wellness clubs. "The firm has three resorts, in Massachusetts, Arizona and California, with another on the way in Austin," per The Real Deal. "Canyon Ranch plans to expand its operations across the country, with VICI’s investment aiding its growth. The company aims to build resorts in Florida, the Pacific Northwest and the Southeast Atlantic by 2030."
QSR magazine
McDonald’s progress toward fulfilling its 2018 Happy Meal nutrition and marketing goals is detailed in a report from a public policy economic consulting firm. "The report concluded that between 2018–2022, McDonald’s served more than 5.7 billion items containing fruit, vegetable, low-fat dairy, whole grain, lean protein or water via the Happy Meal," per QSR Magazine. The fast food company has reduced average calories in Happy Meal Bundle Offerings by 6%, sodium by 9%, saturated fat by 15% and added sugar by 26%.
Hollywood Reporter
Apple has topped 1 billion paid subscribers of its various services, the company revealed in its quarterly earnings report. "This is the third consecutive quarter to see a decline in revenue from Apple, thanks to slower sales of its hardware devices, like the iPhone and Mac lines," per Hollywood Reporter. "However, its services business continues to grow at a rapid pace, hitting $21.2 billion in the quarter, up from 19.6 billion yeast year. Apple services include Apple TV+, Apple Music, Apple Arcade, Apple News, and iCloud+. The company did not break out how many subscribers used …
Chain Store Age
Amazon is offering a new virtual healthcare clinic. "Amazon Clinic will operate in 32 states and provide virtual care for more than 20 common health conditions, such as allergies, acne, and hair loss," per Chain Store Age. "Amazon has been active in the healthcare space in the past two years. In November 2020, the company launched Amazon Pharmacy, which allows U.S. customers to order prescription medications for home delivery, with free delivery for Amazon Prime members."