Morning Brew - ☕ Back to augmented reality

Retailers jump on the AR bandwagon.
February 21, 2024

Retail Brew

Hey there. After announcing the brand earlier this month, Beyoncé’s new hair care line, Cécred, dropped its first seven products yesterday exclusively on its DTC site. With offerings like a Nourishing Hair Oil and a Reconstructing Treatment Mask, the products might, for a second, get consumers thinking that even the tried-and-true items in their hair care routines aren’t irreplaceable.

In today’s edition:

—Alex Vuocolo, Andrew Adam Newman, Erin Cabrey

E-COMMERCE

New realities

Wayfair's Decorify app Wayfair

While some retailers have been hip to the possibilities of augmented reality for years, commercial applications have remained limited to a handful of pioneering brands. With the release of the Apple Vision Pro earlier this month, however, more companies are embracing the tech.

One such recent adopter is Wayfair. The online retailer of furniture and other home decor launched its AI-powered app Decorify on the Vision Pro last week, with a promise to help users “experience their new spaces in an immersive environment.”

Users upload a picture of their space to create a 3D re-creation to test out different layouts and designs using Wayfair products, theoretically taking some of the guesswork out of shopping.

“Apple Vision Pro represents an innovative new way for shoppers to style their rooms and experience our catalog directly in their homes,” Wayfair Chief Technology Officer Fiona Tan said in a news release.

Keep reading here.—AV

     

FROM THE CREW

Let Morning Brew Daily make you smarter

The Crew

You’re already reading the newsletter, but did you know you can also listen to and/or watch the wittiest and smartest takes on business news?

Morning Brew Daily hosts Neal Freyman and Toby Howell have you covered on everything you need to know before your cup of coffee, from the latest headlines on the economy to explanations of viral TikTok trends.

New episodes are released every weekday at 7am ET. Check ’em out on YouTube or wherever you get your podcasts.

GROCERY

SNAP to it

A variety of food items sold by Thrive Market arrayed on a table. Thrive Market

The 42.2 million Americans who get food assistance through the federal Supplemental Nutrition Assistance Program (SNAP) were dealt a blow last March, when they lost an average benefit of $82 a month when pandemic-related enhanced benefits expired.

A year later, the cuts are still reverberating. Kraft Heinz Co. CEO Carlos Abrams-Rivera revealed on a recent earnings call that sales of its mac-and-cheese products have suffered because “it’s a business that is driven disproportionately by our SNAP exposure.”

On a brighter note, for the first time, SNAP recipients across the lower 48 will be able to use the benefit with an online-only grocer, Thrive Market, using electronic benefit transfer (EBT) cards. While other e-commerce merchants, including FreshDirect, accept SNAP benefits in certain states or regions under USDA pilot programs, Thrive Market is the first to be greenlighted nationwide.

Keep reading here.—AAN

     

COMMUNITY

Coworking with Lindsey Kracum

Lindsey Kracum headshot Lindsey Kracum

On Wednesdays, we wear pink spotlight Retail Brew’s readers. Want to be featured in an upcoming edition? Click here to introduce yourself.

Lindsey Kracum is VP of marketing at skin care brand Versed.

How would you describe your job to someone who doesn’t work in retail? I make stellar skin care products that consumers love and help convince them to purchase those products (time and time again) by telling and showing them how incredible and high-performance said products are.

One thing we can’t guess about your job from your LinkedIn profile? I spend a lot of time in Excel. I have always loved data (statistics was one of my favorite classes in B-school). I am a big believer that to be a powerful marketer, you have to understand data and what drives the brand, whether its retail sales or social media engagement metrics. Even if I am not building the reports at this stage in my career, I still like to dig into the data in my spare time.

What’s your favorite project you’ve worked on? I am working on something very exciting for Versed right now to come to life in early 2025—but we’ll have to wait a bit longer to talk about that.

Keep reading here.—EC

     

SWAPPING SKUS

Today’s top retail reads.

Striking out: In light of the recent pushback over the new Nike-designed MLB uniforms, a deep dive into the evolution of fan merchandise and why consumers are becoming increasingly dissatisfied with it. (The Atlantic)

Material concern: Lululemon has partnered with Samsara Eco to recycle the nylon used in products like its Align leggings back into nylon it can use for other products. (Fast Company)

Run of the mill: How Bob Moore—the founder of Bob’s Red Mill Natural Foods who died last week at age 94—rose to grocery fame through his presence on the brand’s packaging. (the New York Times)

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