Weekly Consumer News Roundup // February 27, 2024

This week, Apple releases its first sports app, Macy’s will close 150 stores, and more.



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  • London’s Iconic BT Tower in $347 Million Sale to MCR Hotels Bloomberg
  • Commerce Media acquired BuzzFeed's media division for $108.6M Bloomberg
  • Interior design startup Havenly acquires home décor retailer The Citizenry TechCrunch
  • Rowing Blazers Acquired By Burch Creative Capital BoF
  • Big Lots acquires entire inventory of toy company Hearthsong Retail Dive



  • The Art and Science of Retail Store Success BoF




Forty Ounces of Hydrated Consumer Behavior: A Close Look at the Brands Driving the Unexpected Rise of Hydration Accessories

In today’s social media-obsessed world, large hydration tumblers claim their place as today’s must-have accessory. WWD


Diageo steers Captain Morgan further into RTD with cocktail launch

The spiced rum brand is launching its first malt-based beverage item as it seeks a greater presence in the growing canned spirits space. Food Dive


Consumers are tired of inflation. But some retailers fear falling prices

As shoppers await price cuts, retailers like Home Depot say their prices have stabilized and some national consumer brands have paused price increases or announced more modest ones. CNBC


Varities of Lay's chips, made by PepsiCo, from around the world.

How PepsiCo, Kellanova adapt their snacks to local tastes around the world

CPG companies have turned to different shapes, textures and flavors, such as Cucumber Lays in China and Tangy Tomato Pringles in India, to appeal to native preferences. Food Dive




Inditex Pushes Bargain Brand to Counter Shein

The rapid growth of Shein, with its budget prices, has put significant pressure on the Zara owner and rival fast fashion group H&M. BoF


Shutting down Overstock was ‘a fatal mistake’: Beyond executive chairman

Beyond Inc. will reopen Overstock’s online store in the coming weeks in collaboration with Shopify. Retail Dive


Etsy cedes the market for cheap goods and ultra-fast delivery to Amazon, Walmart, Shein and Temu

The marketplace is working hard to keep mass-produced items off its site and lure discretionary dollars from reluctant consumers. Retail Dive


Macy’s Will Close 150 Stores but Expand Bloomingdale’s and Bluemercury

The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.” NYT


Can IKEA Save the Mall?

The furniture giant has bought a string of locations and says it can rejuvenate them with co-working spaces and Nordic food. WSJ


Vuori, The Athleisure Brand Valued At $4 Billion, Is Halfway To Opening 100 Stores By 2026

With more than 50 retail stores, including three internationally, Vuori is set to reach its goal of 100 stores by 2026 to meet strong and growing consumer demand. Forbes


Gucci, Prada and Tiffany’s bet big on property

A new luxury trend: huge bets on retail properties as there has been a flurry of deals on New York’s Fifth Avenue. The Economist




Apple Launches Free Sports App In U.S., U.K., Canada

Apple launches Apple Sports app with scores and betting odds

The app expands Apple’s involvement in the sports world as it continues picking up rights to air games on Apple TV Plus. The Verge


How Pinterest’s ‘Inclusive AI’ Is Getting Users to Shop

The social-media giant is making it easier for users to find inspirational images of people with similar hair, skin and body types as them, helping it attract Gen-Z consumers who are using shopping features on the platform at a higher rate than any other group. BoF


BuzzFeed plans to lay off 16% of employees after selling Complex

Media group says it will be ‘more profitable, more nimble’ after offloading Complex at a discount and implementing a restructure. Guardian


Sony to lay off 900 PlayStation employees, shut London studio

The layoffs will affect about 8% of the division's staff in regions from the Americas to Asia and come days after Sony slashed the annual sales expectation for its PlayStation 5 console. Reuters




Dunkin' gambles on caffeine-spiked drink after Panera deaths

Dunkin' has introduced new fruit-flavored energy drinks that contain slightly less caffeine than Panera Bread's Charged Lemonades, which led to lawsuits over customer deaths. Axios


Photo illustration of a broken plate with Benjamin Franklin.

Dining out is about to look a lot different

The American restaurant industry is facing a crisis due to severe labor shortages, negatively impacting customer experiences. Business Insider


Wendy’s will soon begin testing Uber-like surge pricing

The price of a Wendy’s Frosty could soon fluctuate throughout the day as the chain looks to introduce Uber-like surge pricing on its menu. CNN


Dutch Bros Expands Into Florida Taking Aim At U.S. Coffee Giants

Dutch Bros, mainly a West Coast and southwest preserve, is heading east to Davenport, Florida later this month on its way to 4,000 outlets. Forbes




  • Bed Bath & Beyond, Overstock name new CEOs Retail Dive
  • Bumble rejigs top brass under new chief executive Reuters
  • Supergoop Names Lisa Sequino New CEO BoF
  • Disney’s Head of Live-Action Movies to Step Down WSJ