Sales of pet food are expected to climb approximately 2-3% annually through 2023, Mintel projects. However, an increasingly crowded market and rising price points in the marketplace could be leading the pet food market toward potential saturation, writes Annie Gasparro.
The current trade war has the potential to chip away at consumer spending and behavior, said Procter & Gamble CEO David Taylor. "What I worry most about with the trade war is it destroys consumers' confidence in American brands," he said.
Convenience and cost matter for consumers with returns, with most not wanting to pay for returned items while also having the option to return online orders to brick-and-mortar locations, writes e-tailing group President Lauren Freedman. At least 30 days of return availability should be standard, she argues.
There are five distinct business models related to the circular economy, according to Accenture, including resource recovery and product life-cycle extension. "[I]t is important that companies understand the financial benefits of embracing these new business models, including the opportunity for new revenue streams, reduced costs, more efficient supply chains and improved business intelligence," writes Anne van Riel of ING Americas.
European online-only fashion retailer Zalando hopes to rejuvenate sales growth, in part, by reselling more of its returned goods. The company also plans to offer sizing recommendations to help ensure fewer items are returned.
Coty has named coffee industry executive Pierre Laubies as its new CEO, succeeding Camillo Pane, and tapped board member Peter Harf to replace Bart Becht as chairman, the company said. The executive shifts come as the New York-based beauty company works to integrate 40 brands it bought from Procter & Gamble two years ago.
Garnier's Whole Blends has joined with actress Mandy Moore and UNICEF to raise money and awareness for children living in emergency situations. The brand will donate $1 from each purchase of its Whole Blends Holiday Kit to the cause until Dec. 31, and will host a donation campaign on Instagram.
More than 250 participants registered for Estee Lauder's first hackathon, which it was set to host last week to seek out technology innovations for the company's beauty brands. "We are sitting at this interesting intersection of the prestige beauty industry and technology, and we want to be the vanguard," said executive Kimberly Saxton.
Digital players including Facebook and online furniture retailer Wayfair are launching pop-ups to promote their brands this holiday season. Popups are also proving popular with more traditional brick-and-mortar players, including Party City, FAO Schwarz and Build-A-Bear Workshop.