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Amazon becomes QVC, while stores announce price increases.

Another snow storm is expected to hit the East coast and Valentine’s Day is this week; according to B
Amazon becomes QVC, while stores announce price increases.
By Hipsternomics  • Issue #61 • View online
Another snow storm is expected to hit the East coast and Valentine’s Day is this week; according to Badoo (the world’s most popular dating platform), millennials spend 10 hours per week on dating apps. Keep swiping my friends ;)

Getting that prime spot on Amazon Live
Getting that prime spot on Amazon Live
Top Stories
Prepare to pay more for your everyday personal care products The cost of cleaning your body and home has just gotten pricier. Church & Dwight recently increased prices for about one-third of its products, including Arm & Hammer products, and OxiClean products, joining Procter & Gamble, Colgate-Palmolive and Clorox, and other consumer-goods companies that have recently raised prices or pledged to raise prices in response to higher costs of raw materials, transportation and foreign currency exchange rates, which has been eating up their profits. In 2018, Clorox raised prices on about half of its products, including its Glad trash bags and plastic wraps, which helped it boost profit margins. Clorox also increased prices for Kingsford charcoal and Burt’s Bees products. Proctor & Gamble have begun increasing prices from around 4% to as much as 10% on products such as Pampers, Bounty, Charmin and Puffs brands, which will take effect this February. Time to sacrifice some weekly lattes in order to afford personal hygiene products.
Whole Foods (owned by Amazon) also joined the price hike party by announcing its price increase on over 550 store products from Dr. Bronner’s soaps, Haagen-Dazs ice cream, crackers, olives and other things. Whole Foods stated that its suppliers were charging more for those products due to inflation and other economic pressures, therefore the store will be passing on those costs to consumers. According to WSJ report, the price increases at Whole Foods range from 10 cents to several dollars. “Soaps, detergent, oils and nut butters have some of the highest increases.” Expect to see higher prices on Dr. Bronner’s products as the company said it is increasing the price of soaps at all retailers that sells its products by 3%, claims the cost of coconuts used to make its soaps have gone up. Stay fresh my friends.
Chart of the week
Looks like middle-America is popping for retirement cost of living
Looks like middle-America is popping for retirement cost of living
In Case You Missed It
Amazon introduces QVC-style shopping feature in app “Amazon Live”, a newly launched experience which features live stream video shows from hosts and brands who broadcast about products, just like the QVC network. On these live shows, the hosts demonstrate products that are available for sale on Amazon, in hopes of driving traffic to those specific products, for a limited time only. For brands, Amazon claims this new format of live-stream video will drive more sales and allow a brand to interact with its customers in real time. With this new venture for Amazon, the company is now officially a competitor to Instagram (which is planning to introduce a shopping feature through IGTV), and QVC who recently announced its new plans to venture deeper into e-commerce, and shop-able video app.
McCormick’s gets spicy using Artificial Intelligence McCormick, the reigning capitalist king of spices, is working with IBM to use AI to create new spice flavors for humans. It claims that using algorithm, it can pull from decades’ worth of data on spices to identify a base formula for a flavor category, then add in interesting ingredients to create a whole new flavor, and cut spice development time down by about 60%. So when is the new Rap Snacks flavor dropping?
Companies Mentioned (52-week performance)
Church & Dwight (+31%), Procter & Gamble (21%), Colgate-Palmolive (-6%), Clorox (+21%), Kimberly Clark (+3%), Amazon (+17%), Facebook (-5%).
Resources of the Week
75 Ideas for Businesses You Can Launch for Cheap or Free Some of the business ideas listed require nothing more than an internet connection, some others may require a licensing or a specific set of skills
Book: The Subtle Art of Not Giving a F*ck - I finally got around to reading this book. An entertaining book to encourage the reader on how to focus on what truly matters most to you.
Thank you for taking the time to read through today’s news brief! Now you can be that genius who tells their friends that grocery products will become more expensive very soon… or just forward this newsletter to them. This brief was written while listening to “Soulection Show #393” a Soundcloud mix by Soulection.
Have a great week ahead!
Valentine (@vtineike)
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