1. Euromonitor expects the market for plant-based alt-meats to reach $2.5 billion by 2023, and in line with that trend Beyond Meat will be available through HelloFresh subscription meal service starting next month. Beyond Meat launched with HelloFresh's competitor Blue Apron in July and provided a much-needed bump to Blue Apron's struggling valuation. Unlike Blue Apron which has struggled to keep subscribers and keep its NYSE listing, last week Berlin-based HelloFresh posted its first profitable quarter since going public two years ago. - CNBC
Here's a quick breakdown of where Impossible Meats and Beyond Meat are showing up in the marketplace:
- Beyond Meat: Subway, Dunkin', Del Taco, TGI Friday's, Kroger, Whole Foods, Target, Aramark (MLB ballparks, hospitals, college campuses)
- Impossible Meat: Burger King, Red Robin, Qdoba, Sodexo (34,000 corporate dining locations globally)
2. A vegan egg alternative called JUST egg rolled out at 2,100 Kroger stores and will also soon be sold at grocery chains Ralph's, QFC, and Fred Meyer. The alt-egg is created from mung beans and does not have cholesterol or saturated fat like real eggs have. It gets its yellow egg color from turmeric. A BuzzFeed writer tried them last year and said they taste similar to the real thing but had a different consistency. Will these plant-based eggs become as popular as the Instagram egg? - USA TODAY
3. Target launch Good and Gather, a new grocery private label to help the retailer update its brand image in the $25 trillion grocery industry. While Target's head of food and beverage said "Food and beverage play such an important role for Target’s business," CNBC reported that F&B sales only account for 20 percent of the company's business — compared to 50 percent at rival Walmart. Target plans to grow Good and Gather to 2,000 products focusing on organic, frozen produce and salad mixes. It will replace Target's private label brands of Archer Farms and Simply Balanced, and also cause a reduction in the retailer's Market Pantry assortment. Good and Gather will launch in stores beginning Sept. 15. - CNBC
4. GlobalData expects the rental subscription market to be worth $3.5 billion by 2023, and more retailers are launching rental programs to meet the market. Banana Republic just partnered with CaaStle to launch a clothing rental subscription service called Style Passport that will start at the end of this month. Customers will pay $85/month and receive three pieces of clothing they can exchange, send back, or buy which is a similar model to other programs offered by American Eagle's Style Drop and URBN's Nuuly. CaaStle should sound familiar: it's the logistics company that Macy's partnered with to pilot its new subscription program at Bloomingdale's starting this month. - CHARGED
What's been some of your best (and worst) experiences with subscription services? Hit reply to share your thoughts!
5. H&M, Macy's, and Russian e-comm site Wildberries are the most-searched global fashion brands, while H&M, Coach, and Patagonia top the list for when people look for fashion "recycling" according to research firm SEMrush. A spokesperson for SEMrush said "interest in recycling fashion is growing every month." Hollister, Nike, and Levi's also were top searched names for apparel and footwear recycling. - WWD
6. Home Depot announced second quarter results Tuesday that fell short of Wall Street's expectations. The company had revenue of $30.84 billion, up from $30.46 billion in the year-ago quarter, but shy of the $30.99 billion expected by Wall Street analysts. Same-store sales were up 3 percent, compared to the 3.5 percent expected. The company's net income for the quarter ended August 4 was down slightly year-over-year, to $3.48 billion, from $3.51 billion a year ago. The company said it was lowering its sales outlook for the year over concerns about the trade war between the U.S. and China. -- CNBC
This item originally appeared in our Inside Daily Brief morning edition.
7. President Trump said he does not want to do business with Chinese tech company Huawei. Reuters reports that he said "I don't want to do business at all because it is a national security threat." The Trump Administration gave a second extension to allow the company to keep doing business with U.S. customers and make software updates before banning commerce with the company. Huawei phones compete with Samsung in global markets and seem to be faster. The Chinese company has been likened in influence to a cross between what Google is to tech and what Verizon's is in telecom. The U.S. banned it from bidding on government contracts in May and it is on a watch list for being a potential national security threat. - REUTERS
8. LA-based yoga brand ALO has been sued by an LA-based wholesale clothing company for using the word "lush" on several products. The company suing is Pinkette Clothing, doing business as Lush. Pinkette claimed ALO infringed on its trademark with three styles named the "lush bra," the "Alosoft lush bra," and the "high waist lush short." Lush is notorious for defending its trademark. It actually won in court last year against the only Lush you probably have actually heard of, the British handmade cosmetics company whose bath bombs dye people pink when they don't know how to use them. - THE FASHION LAW
9. Amazon is selling Central Perk coffee from "Friends" in partnership with The Coffee Bean & Tea Leaf. The Coffee Bean released the special edition coffee to commemorate the show's 25th anniversary. The coffee comes in both a medium and a dark roast. The medium roast has one review from some grandparents who bought it for their granddaughter. This is supposed to make people happy who are not going to get to the pop-up in NY that is serving the coffee. Meanwhile, Twitter discussed which show was better: Seinfeld or Friends. Although I'm a Seinfeld fan, Friends had way better licensing opportunities and more success as a retail brand. Seinfeld's retail relevance was parody while everyone needed the Rachel haircut and Central Perk merch in 1996.
10. Since Marcel is still on my mind thinking about "Friends" coffee, Ankari Floruss is a men's footwear brand started by two male bloggers, Marcel Floruss and Moti Ankari. The two launched the brand two years ago as a DTC project fueled by their combined 1 million followers on their blogs. (Ankari: The Metro Man; Floruss: One Dapper Street.) Nordstrom's VP and DMM for men's shoes asked if they'd like to be sold in stores which they took as a sign to switch their strategy. Ankari said "Nordstrom also gives us the ability to capture a new audience." Nordstrom sales are projected to drive 60 to 70 percent of the brand's overall sales. - FOOTWEAR NEWS
Written and curated by Cassidy Mantor, a brand storyteller with a decade of retail marketing experience including in-house at Nike and Oakley. Occasionally she writes a “think piece” about fashion law for the American Bar Association. She is happy to be based in coastal Virginia except when there’s a hurricane. She can be found on LinkedIn.
Editor: Bobby Cherry (senior editor at Inside, who’s always on social media).