Amazon’s Prime Day sales, which began Tuesday, were expected to rake in $14 billion, up 10.5% from last year, Adobe Analytics projected. Such statistics have inspired competitors to join the July sales fray.
For many major retailers, the latest quarterly results tell a familiar tale: consumers are fed up with high prices, spending less, and commodifying their loyalty by taking the best deal right now, regardless of whose logo adorns their grocery bag or shopping cart.
When the Spanish colonized a large swath of Central and South America, they introduced new forms of foods, like pigs and goats. At the time, the indigenous land was fertile with crops like beans, avocados, and papayas, but the Spanish felt deprived of nutrients that they were accustomed to. Thus, by the 17th century, the Spanish had imported countless herds of cows, pigs, sheep and goats to Ecuador.
As more work is being published (and more health-focused products manufactured) to improve health and happiness, we may be entering an era in which the average human life can not only be improved, but extended. Are store managers ready for what that means?
The future of checkout technology, consumer perception and adoption, and operator success is a tricky set of balls to keep in the air all at once.
The latest Food Institute Fast Break news podcast updates the Avian flu’s recent impact on American agriculture.
E-commerce company Temu is currently playing David to the Goliath of Amazon, but U.S. shoppers have taken notice of the inexpensive offerings.
The latest FI Fast Break news podcast touches on Amazon’s newest plans for Whole Foods locations in urban areas.
From number-crunching untold volumes of data to helping streamline inventory, supply chain, and predictive market trends, there is no digital limit to what AI can help operators achieve.
Critics and analysts alike are keen to understand who stands to benefit most from this technology – whether it will primarily serve Amazon’s interests by increasing sales and customer retention, or genuinely improve the consumer experience by offering more personalized and convenient shopping solutions.
LSEG analysts estimated Amazon’s advertising business will increase nearly $3 billion over last year’s fourth quarter to $14.2 billion as a result, Reuters reported.
It’s not just the days that are getting shorter – the amount of time between glimpsing ghouls and buying roof clips for Rudolph is shrinking, too. Home Depot sold out of its first run of …
What’s next for the controlled environment agriculture (CEA) space after a spate of bankruptcies and rising inflation?
Believe the hype – major American retailers and grocers are spending big money on retail media networks (RMNs). Walmart has Walmart Connect. Target reaches consumers using Roundel. Kroger has its Precision Marketing network, Albertsons its …
Amazon’s two-day Prime Day event starts July 11, and retailers are hoping it lifts the restraint consumers have been exhibiting since the beginning of the year. Call it Christmas in July. The annual sales orgy …
Walmart and Amazon, the top two retailers in the U.S., are both making big changes to their fulfillment strategies for online orders, aiming to ramp up next-day delivery. WALMART’S HUGE NEW HIGH-TECH CENTER Walmart recently …
There’s nothing artificial about the hype surrounding AI. The technology that spawned the wildly popular ChatGPT chatbot has food industry leaders intrigued. Yet, most executives seem intent on tempering expectations regarding AI reshaping the workforce. …
“What is the route to market?” Carroll wondered. “That’s what we all used to say – ‘what is the route to market?’ Today, though, it’s the route to me. Give me what I want, when I want it, as conveniently as possible.”
Grocers looking to stand out can tap into two trends: the demand for healthy foods and growing interest in cooking at home.
As the U.S. Federal Reserve attempts to slow the economy in the battle against inflation, major e-commerce, tech companies and other businesses have announced tens of thousands of layoffs. Is the wave of job cuts …
Grocery giant Carrefour is shifting its focus from growth to profitability – and other companies may want to follow suit, according to industry executives.
The latest Food Institute news podcast touches on Amazon’s recent announcement of layoffs and its concerns in general.
Now that Walmart has joined Target and Costco by raising their minimum pay to about double the federal rate of $7.25 an hour, fast-food outlets may have to consider boosting their minimum to $20 to …
In a world of fast-changing consumer demands, the classic fast-food drive-thru window is evolving. From doubling lanes to fully digital menu boards, restaurants have made all kinds of improvements to the drive-thru service. With technology …
Inflation threw a wrench into pandemic recovery, and with interest rates rising and the threat of a recession looming, the 2023 labor market could look very different than it does today. Major tech companies have …
The latest FI news podcast touches on the rising demand for ingredients like chocolate within the ice cream industry.
The latest FI news podcast updates the push toward automation throughout multiple elements of the food industry.
The U.S. Federal Trade Commission will need to approve Kroger and Albertsons’ planned merger, and that agency has taken a skeptical view of corporate consolidation in recent years.
Which brands are most popular among Gen Z? That question was examined in depth in a recent Morning Consult report. And, included among social media brands like TikTok and gaming entities like Twitch, plenty of …
Recent food recalls illustrate a “disturbing” lack of food safety culture, according to Dr. Vanessa Coffman. One in six Americans fall ill from foodborne illness annually these days. Making matters worse, the public is often …
Retailers are looking to outside partnerships and personalized benefits as ways to boost the perceived value of their subscription offerings.
What the stock market is indicating in 2022 is that plant-based stocks aren’t likely to displace traditional offerings – only complement them.
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine food companies’ sustainability initiatives, growing economic pessimism, and more. The Food Institute Podcast · FI Fast Break News – July 13, 2022 The …
Food-based add-ins are playing a larger part in Amazon’s subscription plan, as retailers across the industry seek ways to combat fading customer loyalty and reduced spending. The addition of a year of Grubhub+ to Prime …
Amazon.com is expanding its food-related operations. The online commerce giant agreed to add Grubhub to its suite of Prime services in the U.S., in a deal aimed at expanding the food-ordering company’s reach by tapping …
