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ICYMI: Pepsi’s international beverages CMO on its Smart Can.
August 29, 2024

Retail Brew

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Hello, it’s Thursday. We know it’s almost Labor Day, but that means it’s also almost Halloween. And Liquid Death has joined forces with Yeti to create what they’re calling a “casket cooler.” It’s exactly what it sounds like, and a scary good idea.

In today’s edition:

—Erin Cabrey, Alex Vuocolo, Vidhi Choudhary

MARKETING

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Pepsi Smart Cans PepsiCo

This week, in the runup to Labor Day, we’re re-featuring top stories from the last few months across our key coverage topics.

In June, PepsiCo used Cannes to introduce a new can.

Officially, it’s the Pepsi Smart Can, which Mark Kirkham, SVP and CMO of international beverages at PepsiCo, described as an “LED engagement platform” presented in the form of the soda giant’s classic beverage container.

The innovation, originating from the company’s Dublin-based team, is intended to be a new storytelling medium for the brand, as the device enables the company to deliver custom messages and offers to each recipient, starting with media and influencers, Kirkham told us. The video content displayed on the can was largely made by creators, and SVP and chief design officer Mauro Porcini said the hope is that it will spur the creation of content by the influencers who receive it.

The move comes a few months after Pepsi’s new visual identity—including a new logo and an updated color palette—began hitting shelves, and builds on its “Thirsty for More” brand platform. The innovation will serve as a unique method to garner brand impressions, Porcini said, and is a result of the soft drink company’s focus on entrepreneurial thinking in design.

Keep reading here.—EC

   

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Operation: retail recon

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E-COMMERCE

Feeling the fall

Hot apple cider Sezeryadigar/Getty Images

Shoppers are already gearing up for their favorite autumn activities, according to the latest Shopify sales data shared first exclusively with Retail Brew. The e-commerce site’s top-selling items for August include a fall harvest’s worth of home baking supplies, hot drinks, and football-related items.

In anticipation of cooler weather, baking enthusiasts stocked up on equipment. Sales of cookie decoration kits popped 947%. Pastry blenders were up 370%, and food grinders and mills were up 247%. Bread boxes, cooling racks, and muffin and cupcake makers also saw increases. Shoppers were also eager to embrace the autumnal vibes, purchasing candy apples (up 378%) and hot drink makers (up 89%), even as the summer heat dragged on this month.

Keep reading here.—AV

   

SUPPLY CHAIN

Walmart’s ‘endless aisle’

Walmart logo displayed on a smartphone Sopa Images/Getty Images

Walmart is beefing up its online marketplace business, expanding its product selection with three new categories: high-end beauty products, secondhand items, and collectibles.

The “every day low price” retailer said it’s identified its marketplace business as a significant driver of growth in its fast-growing e-commerce success. Over each of the last six quarters, Walmart’s US e-commerce sales have grown more than 17%, Tom Ward, EVP and chief e-commerce officer of Walmart US, noted on a call with reporters.

Keep reading here.—VC

   

TOGETHER WITH WUNDERKIND

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SWAPPING SKUS

Today’s top retail reads.

Connecting the dots: Social media is driving consumers to purchase luxury to combat feelings of “inadequacy.” (Business of Fashion)

Two for one: Why McDonald’s and Burger King are bringing back the era of value meal deals. (CNBC)

At the top: With a new CEO, Macy’s is betting on a turnaround. (the Wall Street Journal)

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NUMBERS GAME

The numbers you need to know.

Labor Day weekend is nearly here, and if there is one way Americans love celebrating the holiday together, it’s by…shopping. Sadly, this Labor Day is a bit more challenging. According to a recent WalletHub survey, 74% of consumers say inflation is “erasing their hard work.”

It’s no secret that rising prices have led shoppers to pull back on discretionary spending and essentially change the way they shop.

  • In fact, about 2 in 3 Americans believe inflation is affecting their Labor Day plans.
  • Of those surveyed, 42% said that they would spend less this year than they did last year on Labor Day.

The survey of 200 respondents across the country additionally found that although consumers are planning on spending less, they are still struggling to make ends meet. 

  • According to WalletHub, 93% of shoppers said that they would like a raise just to be able to keep up with inflationary prices.
  • Likewise, about 1 in 3 Americans say they “always” overspend on Labor Day.

But despite the findings, not everyone seemed to be struggling.

  • In fact, 67% of consumers said that they were doing better financially than the previous Labor Day.
  • Meanwhile, 66% of Americans believe Labor Day sales are actually good deals.

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