7 BIPOC-owned brands enter Sephora accelerator

Author

Stephen Babcock
December 07, 2022

The daily current header

Speaking to CNBC, Walmart CEO Doug McMillon offers a reminder about inflation: It does not affect all categories the same, and those like fresh food tend to fluctuate. However, the more stubborn high prices in food and consumables have accumulated to produce less spending on areas like electronics. Wealthier shoppers are turning to Walmart to save money, too. About 75% of its market share gains in grocery came from people making over $100K.– CNBC

On the Move: In hiring news, we’ve got details on how the CEO role will be changing hands at The Prada Group and Hain Celestial, while Glossier’s former CMO Ali Weiss rises to the leading executive role at a baby products rental startup. Meanwhile, there are key C-level and VP hires at L’Oreal USA, Keurig Dr. Pepper, Shein and Faire.

Pinterest is known for providing inspiration, but in this case it is supplying data, as well. A crossover campaign is harnessing Pinterest insights to create content for Kohl’s, while also informing decisions about merchandising at the retailer. – Retail TouchPoints

Sephora’s Accelerate program offers emerging beauty brands six months of curriculum, access to mentors and a professional network, as well as merchandising assistance. Upon completion, brands have the opportunity to launch at Sephora North America. We’ve got an intro to the latest class.

The Amazon Shopper Panel is an invite-only program that allows the company to collect info on what ads people view, the time of day they are viewed and more. It’s billed as a way to make ads more relevant. Along with pay, it provides rewards for submitting receipts on purchases outside of Amazon, and completing short surveys. – Gizmodo

Tweet of the Day 🐦

Were you forwarded this email by a friend or colleague?