Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of last week’s top headlines.
News in retail continues to steal headlines in weekly top news. Amazon slashed prices up to 43% at Whole Foods on its official first day as owner of Whole Foods, adding to the competitive pressure of the fast-changing $800 billion supermarket industry. Target finally cut ties with Hampton Creek, explaining that food safety allegations were too much of a risk for the retail giant, despite the FDA’s conclusion that their products were safe. Blue Apron’s Chief Financial Officer Brad Dickerson revealed the struggles behind e-commerce subscription services and a break down of their spendings and losses, which has amounted to $31.6 million.
In restaurant news, Starbuck’s digital ordering system has taken off successfully and managed to change consumer behavior in such a way that should inspire envy in Silicon Valley types. Restaurants turn to data-mining from social media, review sites, and tracking apps to stay competitive.
And finally, a new kind of eating disorder born from wellness culture called orthorexia that obsesses over consuming foods that are “pure” and “clean.”
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Cutting prices at the chain with an entrenched reputation for high cost is a sign that Amazon is serious about taking on competitors such as Walmart, Kroger and Costco.
Strategically discounted prices and new signage promoting the grocer’s online shopping platform were on display in Whole Foods.
The retail giant decided to end the relationship after receiving what it described as “specific and serious food safety allegations about Hampton Creek products,” despite the FDA’s conclusion that their products are safe.
The business model for subscription boxes turns out to be much tougher than it sounds, because of the high costs of getting and keeping customers. The company spent $94 in the past three years to acquire each subscriber and $144m on marketing in 2016.
The company’s digital ordering system has become major hit, changing consumer payment behavior in a way that should inspire envy in Silicon Valley.
Startups and established companies are both scrambling to deliver immediate data on sales, customers, staff performance or competitors by merging restaurant information with data from sources such as social media, review sites, and tracking apps.
British actress Daniella Isaacs was once entrenched in the world of wellness until realizing that she had orthorexia, an eating disorder about a moral fixation on consuming “pure” and “clean” foods.
Arable aims to fill the funding gap that exists in the food and agriculture sectors. The funds will be spent on operating businesses in agriculture.