In this week’s food industry news in 2 minutes, we discuss how, more than ever, consumers value “emotionally rewarding” grocery purchases.
In other food and beverage news, online grocery sales rose an eye-opening 27.6% YoY in June. Despite the attractive growth trajectory, a recent report from VTEX found that retailers could do more to support the sector’s growth and profitability. FI Focus
Additionally, domestic Starbucks Q2 sales results show that average visits fell slightly as visits per location took a nosedive: in June, overall visits were down -0.2%, while same-store sales fell -4.4%. Nevertheless, the relative upturn compared to Q1 suggests that Brian Niccol’s “Back to Starbucks” strategy may be facilitating relative growth, according to Placer.ai. Full Story
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