P&G makes a beauty acquisition

Author

Stephen Babcock
January 17, 2023

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Heading into 2023, the top question facing the consumer economy is whether the US will move into a recession. At NRF 2023, economists provided a look at what they’re watching. The Current shares key measures to follow that we gleaned from the conversation.

According to a survey from Bringg, a lack of clarity about delivery options prior to checkout is the top reason for cart abandonment. Meanwhile, 6 in 10 are planning to offer self-scheduled delivery in 2023. – Chain Store Age

At the NRF Consumer Product Showcase, The Current caught up with Volcanica Coffee CEO Maurice Contreras to learn how a business plan authored on a plane turned into a top-15 coffee vendor on Amazon. Check out the steps to success.

The Chewy founder made GameStop a meme stock. Now, Cohen is an investor in Chinese ecommerce company Alibaba. The Wall Street Journal reports that it is a small stake, but could prove to be influential. – Wall Street Journal

In this week’s funding and M&A news in commerce, P&G acquired a buzzy beauty brand, the parent of Morphe filed for bankruptcy and L’Oréal made its first metaverse investment. Dealboard has the full roundup.

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