Etsy: Shoppers Want Personalized Goods This Holiday Season
Holiday season is coming up and consumers are getting their shopping carts ready. To get people ready to find the best items for friends and family, Etsy released its first ever Holiday Trend Guide and Personalization Survey. Dayna Isom Johnson, Trend Expert at Etsy, joins us on set with some of this seasons hottest gifts.
Etsy found that personalization is key for gift givers and receivers. Isom Johnson says it creates an emotional connection for buyers. According to the survey, nearly 40 percent of respondents said they are likely to give or receive a personalized or handmade gift during the holidays.
Isom Johnson also explains that 70 percent of millennials are willing to spend more on gifts that are customized. This compares to 64 percent of the general population. Items at the top of the list will be home décor, clothing and jewelry items. The trend expert brought a few items on set and showcased a customized cat pillow expected to be a hot ticket item on Etsy.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
