Food retailers have little time to keep on top of business intelligence. The Food Institute allows its retailer members to have more time taking care of the business by offering brief, concise and timely reports on the trends and developments they need to know about.
Grocery shoppers are increasingly demanding transparency and a closer connection to their food, according to a report from FMI and Label Insight. Seventy-five percent of shoppers reported being more likely to switch to a brand that provides more in-depth product information beyond what's on the label compared with just 39% in a 2016 similar study. In addition, 54% of shoppers are even willing to pay more for a product with additional product information. Full Story
Fifty-nine percent of grocery consumers are responsible packaging shoppers who consciously make buying decisions based on packaging material, its perceived recyclability and corporate commitments to sustainability, according to an EcoFocus Trend Study. Over three out of four shoppers made changes in what they buy to reduce exposure to chemicals, and the majority expressed concerns about the safety of plastic and Bisphenol A for food and beverage packaging. Full Story
Dollar Tree is closing the Family Dollar headquarters in Matthews, NC. Dollar Tree will offer about 700 Family Dollar employees the opportunity to relocate to its consolidated headquarters in Chesapeake, VA, with the move expected to be completed by fall 2019, reported The Charlotte Observer. Full Story
Koupon Media partnered with Skip, a scan-and-go startup that provides c-store customers with control via frictionless checkout, to deliver mobile offers to c-store shoppers. The partnership allows Koupon Media to send CPG-funded offers to customers as they shop using Skip's technology, and is expected to drive more conversions from forecourt to food court. Full Story
The UK's Competition and Markets Authority will investigate Asda and Sainsbury's merger. The agency believes the deal "raises sufficient concerns to be referred for a more in-depth review as the companies have locations that overlap in hundreds of local areas, where shoppers could face higher prices or worse quality of services," reported BBC. Full Story
Tesco unveiled its new discount chain, Jack's that will only sell 2,600 products, with 1,800 branded "Jack's." The company plans to open between 10 and 15 new stores, next to existing Tesco stores, and convert a small number of Tesco stores, reported BBC. Full Storyread more
The Food Institute and asset solutions partner Harry Davis & Company are teaming up to deliver a free webinar on June 19 entitled “Understanding Your Assets: Expert Strategies for Food & Beverage Processors.” They will explore what value food manufacturers may be leaving on the facility floor, the basics of asset management, the various scenarios for valuing your assets, and a suite of strategies to maximize your assets’ value.
While Whole Foods is gaining ground in the grocery market, it’s taking longer than expected, as the grocer has to overcome its pricey reputation, among other barriers, before seeing real impact.read more
Grocery apps are some of the fastest-growing in the U.S., according to eMarketer. In 2018, 18 million U.S. adults will use a grocery app at least once a month, up 49.6% over 2017. By 2019, the firm predicts more than one in five adult smartphone e-commerce buyers will use a grocery app to order food.read more
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