Yesterday’s top retail news and most read stories.
- Kellogg separating into three companies.
- FMI: 41% of shoppers buying more private brands.
- eComm, Delivery stand to gain from high gas prices.
- Heineken on CX investment.
- Plant-based protein: customers concerned over environmental impact.
- Microsoft, Meta, Google using AI to run data centers.
eCommerce, Doorstep Delivery Stand to Gain from Pain at Pump
The pain at the pump will be what drives us more fully away from driving to the store. And more
Microsoft and Meta join Google in using AI to help run their data centers
Data centers, which drive the apps, websites, and services that billions of people use every day, can be hazardous places
Kellogg shares jump on plans to separate into three companies
KEY POINTS Kellogg plans to separate into three independent public companies, sectioning off its iconic brands into distinct snacking, cereal
Lowe’s expands into the metaverse with a tool to help visualize projects
It seems like every company is getting into the metaverse these days. Lowe’s doesn’t want to miss out on the opportunity to use it to help builders imagine projects.
But unlike other retailers that chose a particular virtual platform or game like Fortnite or Roblox, Lowe’s metaverse assets – including free downloads of 500 product assets, including items such as chairs – are available on its own hub.
Mondelēz International to Acquire Clif Bar & Company, U.S. Leader in Fast-Growing Energy Bars
Mondelēz International, Inc. (Nasdaq: MDLZ) today announced an agreement to acquire Clif Bar & Company, leading U.S. maker of nutritious energy bars with organic ingredients, for $2.9 billion with additional contingent earnout consideration,