Jul
12
PepsiCo Complains About the Same Consumer Trends That Are Battering Retail
Posted in: Uncategorized
The slow demise of traditional retail has been well documented. But a similar shift in consumer habits is now hurting another industry: Drink and snack companies.
On Tuesday, PepsiCo Inc. CEO Indra Nooyi echoed what companies like Target and retail analysts have long been saying: More spending is happening online — and for experiences, health and wellness instead of possessions.
PepsiCo’s comments on consumer trends overshadowed the Purchase, N.Y., company’s second-quarter results and have consequences for the whole consumer staples sector, which has underperformed leisure and recreation stocks this year.
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