TCP Weekly Consumer News Roundup // December 3, 2024
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Strategic Private Equity firm specializing in building value in consumer companies using its cross-functional expertise
This week, shoppers spent a record $10.8 billion online on Black Friday, Whole Foods Market and 宜家 bet on small-format stores, and more.
M&A and INVESTMENTS
CPG
Stoli vodka files for bankruptcy in the United States
Stoli? Group , the owner of the namesake vodka, has filed for bankruptcy as it struggled to contend with slowing demand for spirits, a major cyberattack that has snarled its operations and several years of fighting Russia in court. CNN
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Unilever CEO looking to sell food brands with $1 bln in sales, FD reports
Sources said 联合利华 was exploring the sale of some of its Dutch food brands, including Unox soups and Conimex seasonings, and was also trying to sell smaller food brands in Britain and other countries in Europe. Reuters
How candy maker Smarties bet on a single product and won big
The 75-year-old company Smarties Candy Company is posting record sales with its tiny circular tablets and attracting suitors interested in purchasing the family-owned business. Food Dive
RETAIL
As retailers enter the holiday shopping season, the winners are pulling away from the pack
Retailers’ earnings reports over the past two weeks have illustrated a sharp divide between brands that are winning sales and those that are missing out. CNBC
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Whole Foods Chases Shoppers With Minimarket Concept
Whole Foods Market bets on small-format stores as other retailers see mixed success with the same strategy. WSJ
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Most Black Friday shoppers bagged their deals online this year, with record spending
Shoppers spent a record $10.8 billion online on Friday, over 10% more than they did last Black Friday, according to data from Adobe Analytics. NPR
领英推荐
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For big-box retailers, one of the longest-running experiments is shrinking
As big-box retailers focus on providing to the consumer shopping experiences in multiple formats, 宜家 is the latest to add smaller-footprint stores. CNBC
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?Dollar stores are struggling to win over bargain hunters — here’s why
As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree Stores and Dollar General . CNBC
MEDIA & TECH
I Haul, Therefore I Am
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Zoom 2.0 relaunches as an AI-first company without video in its name
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TikTok Shop's Black Friday drove $100 million in US sales and users viewed over 30,000 livestreams
TikTok has been pushing e-commerce this year as it tries to break into a market dominated by Amazon. Business Insider
RESTAURANTS & HOSPITALITY
Pizza Hut goes after the traditional fast-food market with its latest prototype
Pizza Hut is testing a new restaurant design with a drive-thru, kiosks and mobile order pickup stations. Restaurant Business
GOOD READS/ CULTURE