Groceries and sporting goods benefited most from 2020’s e-commerce boom
E-commerce spending grew a whopping 32.4% last year over 2019. Winners included groceries, sporting goods and home improvement gear. Still, though, e-commerce only reached 14% of total retail sales. CNBC reports the latest from the U.S. Census Bureau.
Major meat corporations pay millions to settle price-fixing suits
Grocery shoppers, restaurant chains and supermarkets accused Tyson, JBS and others in a four-year-long battle of conspiring to raise pork and poultry prices. Anti-trust experts are now crying foul as settlements roll in. Food and Power examines the cost of penalties and settlements.
Purpose builds consumer trust and sales
“When someone sees a logo of a brand they know is purpose-driven, they automatically associate it with words like ‘responsible,’ ‘compassionate’ and ‘ethical.’ And when someone considers a brand purpose-driven, they’re also more likely to remember it, buy it, and want to work for the company that makes it,” Fast Company breaks down “system one” and “system two” thinking to understand the latest research.
Just how Erewhon is so cool
We know how cool health food is. Thanks to location, celebrities, influencers and its own hipness factor, Erewhon has become the hottest hangout in L.A. City growth and consumer changes play a role, too. The New York Times takes the world there.
Did Amazon spoil Whole Foods?
Whole Foods might be the only grocer to not get a pandemic boost. Is it all Amazon’s fault? Those in the natural products industry can point to disappointing changes since the online retailer bought the supernatural food store. Now consumers are complaining, too, about the warehouse-like atmosphere. Yahoo Finance gives a good market analyst’s take.