Startups
Q&A

‘Meal kits have gotten a bad reputation’: Meal service Freshly now helps companies provide food to employees

Freshly for Business launched this week to provide employer-subsidized meal delivery for remote office workers. CEO Michael Wystrach thinks "many employees would rather get free meals instead of a desk," which can push the service to grow long past the pandemic.

Latest Stories

  • APR 27, 2020
    Q&A

    How Thrive Market has handled the online grocery demand spike

    Unlike most grocery retailers, the membership wall makes it harder for Thrive Market to tap into the current demand for Thrive Market. "Those coming in aren’t just looking for a short term delivery solution," said CEO Nick Green.

  • APR 24, 2020

    Lower advertising costs present a double-edged sword for DTC brands

    In some ways, it's starting to feel like the early days of the direct-to-consumer boom all over again. A startup's website is once again its most important sales channel, as stores remain closed. Startups are having to operate with as small of a team as possible. And Facebook is once again a cheap place to advertise. Over the past couple of years, the constant refrain has been that DTC startups need to rely less on acquiring customers through Facebook. As more companies started advertising on the platform, Facebook advertising costs started to rise. Now, as more companies are dramatically slashing their advertising budgets in the wake of the coronavirus, Facebook is becoming less crowded.

  • APR 24, 2020

    RSE Ventures’ Matt Higgins: How DTC brands should approach fundraising right now

    "Focus on storytelling right now," said Higgins. “DTC is predicated on having a one-to-one interaction," with the customer that can't be emulated if there is a middleman.

  • APR 21, 2020

    Online retail’s newest trick to drive sales: A countdown clock

    Some online brands are seeing sales spike, others are plummeting. They are all dealing with myriad other issues putting pressure on the overall business. Some startups are trying out new digital campaigns to try and account for the vast behavior shifts -- all while staying cognizant of the bizarre times we're all in. It's a difficult tightrope to walk, but showcases brand new marketing terrain.

  • APR 21, 2020

    Rory is running its first TV commercial as telehealth is having a moment

    As more people are considering trying telehealth for the first time, Ro is moving forward with marketing and product expansion plans to introduce its women's focused-brand, Rory to new customers. Last week, Rory ran its first-ever TV ad, and this week launched a new product offering, a customized prescription skincare treatment. Rob Schutz, chief growth officer at Ro, said that the company has been "shipping more product than ever before" over the last month. While he declined to share overall growth numbers for Ro, he said that Google search traffic across its three brands -- Roman, Rory and Zero -- was up 30% between March and April.

  • APR 17, 2020

    Looking ahead, DTC brands start scenario planning for store re-openings

    Right now, direct-to-consumer startups have to hope for the best but prepare for the worst, and nowhere is that more evident than within their brick-and-mortar divisions. Most of the executives I spoke with this week said that they don't anticipate being able to re-open their stores until the summer. "I think people are preparing models [in which stores] will open as early as July and as late as October," said Logan Langberg, principal at Imaginary Ventures, which has invested in Camp and Everlane. But it's absolutely critical that when stores re-open, DTC brands are ready.

  • APR 17, 2020

    How Vuori is preparing for (future) store reopenings

    It's impossible to predict the future, but Vuori senior director of retail Catherine Pike thinks "huge advancements in brick and mortar retail" are coming now that brands are out of their comfort zone.

  • APR 15, 2020

    Riding Peloton’s coattails, at-home fitness startups are seeing a spike

    This quarantine period could prove to be a winning factor in the virtual fitness category. Startups in the space, including Mirror, Tonal among others, are doubling down on the timely trend by introducing new digital products.

  • APR 14, 2020

    ‘Pause the strategy’: How coronavirus halted the DTC omnichannel dream

    For DTC brands, this was the year to reach profitability and expand beyond online. Now, no one can go outside and most sales have plummeted. This changes the strategy, especially for companies that pinned growth on new retail opportunities. How to proceed, however, is unclear.

  • APR 13, 2020

    How retail brands are rethinking their PR strategies — and budgets

    With retail budget cuts and furloughs, PR spending has naturally been put aside for many brands. This shift in organic marketing is seeing a new era when it comes to agency retainers and dedicated in-house public relations.

  • APR 13, 2020
    Q&A

    ‘It’s unrealistic to expect a V-shaped recovery’: How the 2008 crisis has impacted one fund’s investing thesis

    Many reports say VC cash is drying up due to the drastic change in the economy. But some investors are still looking for new opportunities. Modern Retail talked with Coefficient Capital, run by two VCs who navigated the 2009 financial crisis. The founder partners shared their insights into the rough terrain ahead.

  • APR 10, 2020

    For DTC brands, the year of profitability will have to wait

    A month ago, I was talking to the founder of a one-year-old direct-to-consumer startup who was out fundraising. The founder told me it was a weird time to be fundraising. The coronavirus outbreak was just starting in the U.S, and some investors were already starting to get hesitant about deploying capital. Additionally, many of the investors the founder was meeting with were looking for companies that could display a surefire path to profitability, but without sacrificing high growth rates. In the month since then, things have only gotten weirder. Months ago, steps that were being billed as smart and necessary in order for an e-commerce company to become profitable, like expanding wholesale partnerships and opening their retail stores, have now turned into logistical nightmares as most stores remain closed.

  • AUG 02, 2020
    Sponsored

    CPG brands are targeting customers during the on-site research phase

    To engage users and improve customer profiling, CPG brands are closely studying consumers as they begin to research products on the company's website.

Modern Retail Virtual Forum
Aug 10–Aug 11, 2020

At the Modern Retail Virtual Forum, we’ll bring together senior retail marketers online to discuss the challenges they’re facing and the solutions they’re seeking in the era of smarter retail.

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