Signals

Canada – The Inflation Cookbook is a digital platform helping users to pick dishes based on live ingredient prices, with some help from AI, nutritionists and chefs.

Developed by food delivery marketplace SkipTheDishes, the online tool helps Canadians to find affordable nutritious foods and optimise grocery budgets. The tool first tracks the price evolutions of hundreds of food products in real time. Every week, the algorithm will update rankings of the top 10 items with price levels going up and down. The platform also offers seven weekly recipe suggestions crafted using cost-efficient items as star ingredients.

This activation follows in the footsteps of food austerity innovators like The Yellow Sticker Cookbook, a tool suggesting tasty meal ideas made from products bought in the discounted aisle. SkipTheDishes takes this concept one step further, enabling consumers to monitor which products are reduced at the moment, and to plan their food shop and meals accordingly.

US, UK, France – A recent report published by The Business of Fashion (BoF) Insights reveals that more than 70% of high-net-worth shoppers are more likely to look for home products from brands they already know and love. The market study, The Lifestyle Era: Luxury’s Opportunity in Home and Hospitality, also states that 50% of surveyed shoppers expect to increase their spending on home design in the coming year. Also growing are the home market, with an expected CAGR of 5% to 2026, and the home fragrance market, with a predicted CAGR of 6% to 2026 – hinting at swathes of opportunities for legacy fashion and lifestyle brands to diversify their offer with a range of home products.

‘For many fashion and beauty brands, expanding into home design and hospitality is a logical part of a growth strategy,’ said Rawan Maki, the associate director of research and analysis at BoF, in a statement. ‘Brands able to translate their aesthetic into home furnishing, textiles and even hotels can be a valuable way to interact with customers more deeply.’

In our Premium Homeware Market, we previously looked at how high fashion brands such as Loewe and Diane von Furstenberg are seizing upon homeware to elevate comfort and style, and bring artisanal goods home. It’s no wonder that the number of home collections launched in the 2020s has already surpassed those of the previous decade, according to BoF.