March 2024: Monthly Consumer News Roundup

Each month, we'll be sharing a compilation of the biggest news stories from all corners of the consumer landscape, from CPG, retail, beauty, tech, hospitality, real estate, deals, investments and more.

Unilever to Cut 7,500 Jobs and Spin Off Ben & Jerry’s Ice Cream Unit

The consumer goods giant said the moves would make for a “simpler, more focused company” as consumers trade down to cheaper brands amid high inflation. NYT

Wagyu-mart? Inside Walmart’s Bold Plan to Lure Luxury Shoppers

The retailer is revamping over 800 U.S. stores to cater to wealthier customers. Robb Report

Krispy Kreme donuts are coming to McDonald’s

McDonald’s is planning to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026, the chains announced Tuesday. CNN

Could a looming chocolate crisis shake Easter after cocoa prices doubled?

The latest surge in cocoa futures has yet to reach the retail shelves, but as demand for chocolate stays strong and supply uncertainty persists, candy makers stand ready to pass on added costs to consumers. MarketWatch

From Coke to Hershey, CPGs search for their sweet spot in pack size

Consumers are increasingly interested in smaller portion sizes, as well as value-priced multipacks, for their snacks and soda. These changing sizes can have implications from production to recycling. Food Dive

Hilton Bets on College Towns With $210 Million Deal

Lodging giant is acquiring Graduate Hotels, a brand with properties near dozens of college campuses. WSJ

With TikTok Under Fire, Brands That Rely on It Worry

Many companies, particularly in the beauty and fashion industries, have boosted sales through the platform. They don’t really have a backup plan. NYT

Why Merch Madness Is Taking Over Beauty

From Rhode's lip case to Milk Makeup's newest Reebok collaboration, beauty brands are increasingly building hype and personality through merch. WWD

‘Foot traffic is incredible’: Midtown Manhattan is once again a retail hot spot

Although foot traffic tanked during Covid, Midtown is getting back up and running. Now, all types of brands and retailers are making the move to central Manhattan. Modern Retail

Whole Foods is launching mini-stores for quicker shopping trips

Whole Foods Market Daily Shop stores will be about a quarter of the size of the grocer's normal locations and based in "dense, metropolitan areas." Business Insider

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