PepsiCo aims to boost its digital and artificial intelligence-driven capabilities, such as predictive analytics for sales and inventory, by opening its first digital hubs in Barcelona, Spain, and Dallas, with more to follow. "PepsiCo's digital hubs will greatly influence the way the [organisation] reinvents planning, making, moving, selling and delivering products," according to a company statement.
Hasbro has delivered most toy shipments delayed during the third quarter because of port backups and other supply chain challenges, and the company says it expects to be able to fill demand for its toys and games during the holidays. Revenue rose 11% in the third quarter from the same period last year on strong sales of role playing games like Dungeons & Dragons and Magic: The Gathering.
Higher prices, larger average orders and new menu items fueled higher-than-expected sales and earnings growth at McDonald's in the fiscal year's third quarter. Global same-store sales grew 12.7% as restaurants in international markets relaxed pandemic-related restrictions; US same-store sales were up 9.6% year over year and 14.6% compared to the third quarter in 2019.
Retailers redefine shopping for omnichannel Whether it's having Wi-Fi in the store that encourages customers to simultaneously browse online inventory or new data-driven models for supply chains that prioritize customer needs, retailers need trusted technology and partnerships to help them anticipate, execute and succeed. This report explores how top retailers are redefining their operations for omnichannel. Download now
The Samsung Galaxy S22 is rumored to be packing more charging capabilities with a 45-watt charging rate, which should give the device a 70% charge in about 35 minutes, per a leak. Also, the device may debut dark red and green color options.
Rent the Runway isn't completely dependent on women going back to the office for its growth, as 90% of the fashion rental platform's subscribers are still working from home and seeking new clothes for weddings, parties and other special events, CEO Jennifer Hyman said. The company, whose shares are scheduled to start trading on the Nasdaq today, more than doubled its active subscriber base to 112,000 by last month from 54,000 in July of last year.
Procter & Gamble's spending on tech-driven solutions to improving production capabilities has supported top-line growth, said Andre Schulten, the company's chief financial officer. Working with Google and Microsoft has helped P&G "get the right product, the right package, the right communication and the right in-store execution," added Guy Peri, P&G's chief data and analytics officer.
Consumers plan to spend $997.73 on gifts, holiday items and other non-gift purchases for themselves and their families this year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. Despite the continued supply chain disruption, this is on par with consumer spending last year. Learn more.