FI Fast Break audio news: Jan. 2, 2025
The latest FI Fast Break news podcast touches on Starbucks’ revamped drink menu for 2025, featuring new beverages like a Cortado.
Tag: Costco
The Shifting Landscape of Grocery Retail: Four Key Trends
Retailers are navigating a complex landscape right now marked by regulatory scrutiny, rising shrinkage, and financially stretched consumers. These pressures are forcing retailers to adapt quickly, according to Supermarket Guru Phil Lempert.
Private Label Growth Pockets in Frozen Food
As consumers continue to stockpile frozen foods, retail operators are leveraging private labels to tap into that demand. Which frozen products are experiencing the most store brand sales growth? FI investigates.
Missing the Mark – Private Label is Failing at Target
Everything is cyclical. There’s a pendulum at play for any brand investing heavily in the private-label game – as more house brands populate shelves with similar names and cheaper prices than their national brand counterparts, public perception of the parent company may swing along with the pendulum; in other words, some consumers may begin to question what they’re compromising when their carts are full of private-label goods instead of the national brands they may have been buying last week, last quarter, or last year. So swings the pendulum as a blade of commerce.
Going Electric: Walmart Commits to Digital Signage
“The digital element presents an expanded shopper/marketer revenue stream for the company,” Zakowicz said.
Survey Shows Retail Workers Prefer Practical Tools over AI
Today’s retail workers are most eager to be equipped with tools that help them tackle inefficient tasks, particularly when interacting with customers.
Key Takeaways from The NGA Show 2024: Improving Shopper Experience
Shopper experience in the physical store is often what truly differentiates the independent grocer from brick-and-mortar chain stores and online e-commerce competitors like Amazon. The right mix of products, priced right, offered in the right place, and services delivered by welcoming staff in a pleasant environment are essential to building sales and customer loyalty.
In Today’s Market, What Defines Value?
Many consumers feel they can’t win on cost alone – they also need an experience, or at least a decent reason to visit a brick-and-mortar store.
Is the Future of Retail Bionic?
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?
Top 3 Spring/Summer Trends in Retail
In a few short years, retail will be a totally immersive and data-driven experience highlighted by personalized AI recommendations for health and home, smart carts to increase efficiency (and solve the traveling salesman’s dilemma in-store), and much more.
The Cost of Loyalty – How Trader Joe’s & Costco Do It
So prevalent and all-consuming is the cultural agency of the Costco Kirkland Signature All-Beef Hot Dog that it’s propelling a crypto “memecoin” on the Solana crypto exchange. That is a real sentence. “Hot dogs are in control,” writes one commentator on TikTok. “The buns stay on,” adds @Jan crypto trader in the same thread amid a rising swell of crypto brokers.
The Future of Retail, Part 3: The Immersive Retail Environment
“Customers will step into a retail environment where every interaction is personalized, guided by AI algorithms that efficiently navigate shoppers through aisles and offer tailored product suggestions in real time,” fostering brand loyalty and elevating the consumer experience to “unprecedented satisfaction levels.”
The Future of Retail, Part 2- Tomorrow’s Tech
To further understand how inventory and supply chain will change, Jarvis said the end of data silos must be achieved “to create a holistic understanding of each shopper, their interactions, and the stream of information being shared with them.
The Future of Retail – The 10,000-ft. View
“By 2030, visiting a Target, Walmart, or Costco won’t just be about shopping,” said Diana Zheng, head of marketing at Stallion Express, a leading e-commerce shipping company from Canada, “It will be an experience. An immersive experience. A personalized experience, even a social experience.”
Consumers Award Better-for-You in New Product Survey
Despite some titans of the pantry and cookie jar winning in their categories (Keebler’s Chips Deluxe Fudgy in the Cookie category; Dr. Pepper Strawberries & Cream in Soft Drink), better-for-you offerings not only abounded but won several snacking categories.
Taking Stock of Wellness: Target Launches Wellness Initiative
The least expensive products will start at just $1.99 and range from apparel to supplements, vitamins to technology, and more. Many of the offerings will be exclusive to Target and complement its dedicated online wellness destination that features ideas, meal inspiration, and more.
Analysis: Why Sam’s Club and H-E-B Dominate Pharmacy Customer Service
The J.D. Power 2023 Pharmacy Study finds consumers prefer Sam’s Club to Costco when it comes to brick-and-mortar mass merchandiser pharmacies, and H-E-B to Wegmans and Publix when it comes to supermarket pharmacies. “As pharmacies …
Costco Clamps Down on Membership Abuse
It’s unusual for a retailer to make it more difficult for consumers to shop at its stores. But membership fees are the key to Costco’s business. In fiscal 2022 (ending August 28), membership fees accounted for 54% of the company’s operating profit; the figure has risen to 58% in the first three quarters of fiscal 2023.
Private Label Can be a Stand-Out Category for Observant Grocers
Private label has become a major category for retailers: 59% of executives say they will continue to prioritize private label, while 21% say their private label efforts will be accelerated, according to a survey by …
Grocers Tap into Health and Wellness Trends
Grocers looking to stand out can tap into two trends: the demand for healthy foods and growing interest in cooking at home.
Upping the Ante: Walmart Joins List of Retailers Increasing Pay
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 …
CFO Notes Costco’s Secrets to Customer Service Success
Costco CFO Richard Galanti reveals the formula for Costco’s lofty customer service score: keeping members happy, especially during inflation.
As Food Recalls Mount, Experts Urge Food Safety ‘Culture’ Change
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 Overloaded with Inventory at Summer’s Outset
Who doesn’t love a bargain? Consumers likely will be in luck this summer as retailers, whose inventories have swollen largely due to the pandemic and shifts in buying behaviors, try to rationalize their stocks amid …
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Why Consumers are Still Buying in Bulk
Nearly two years into the COVID-19 pandemic, consumers are still buying in bulk. Following over 20 years of steady but slow sales growth, sales at bulk retailers Costco, Sam’s Club and BJ’s Wholesale Club, rose 26.6% …
Experts Weigh In on 2022 Inflation Outlook
Analysts: More Retailers Should Adopt Last-Mile Gig Delivery
In a recent Barclays conference call, a team of analysts discussed the success of gig delivery and how it could become a compelling offering for retailers. Here’s a look at the key takeaways from the …
How Amazon is Changing the Grocery Landscape
A detour to the grocery store on the way home from work used to be just part of the daily grind, but all that has changed, and Amazon’s entry into the grocery business is moving …
Facing Mounting Pressures, Kroger Becomes Latest to Pass Along Higher Prices
On a recent earnings call, Kroger CFO Gary Millerchip said the retailer will be “passing along higher cost to the customer where it makes sense to do so.” The CFO acknowledged the company’s facing pressures …
Update: Nuggets Taking Center Stage Amid Chicken Wars
Eighty-four percent of consumers globally order chicken from a restaurant at least once a month, according to new research by Technomic. The latest chicken product in high demand appears to be nuggets. POPEYES DEBUTS NUGGETS …
Uber Eats Makes Significant Inroads with Food Retailers
Consumers in over 400 cities can now have their groceries delivered by Uber. The company’s Uber Eats division recently partnered with 1,200 Albertsons-owned stores, as well as 25 Costco locations across Texas—marking Uber’s first pilot …
The Masks Are Off: Retailers, Restaurants Grapple with Updated Mandates
U.S. retail stores and restaurants are weighing updated CDC guidelines that allow fully vaccinated people to remove their masks in both indoor and outdoor settings. According to the CDC, a person is fully vaccinated two …
Millennial Brand Favorites Revealed in New Survey
Millennials’ favorite food and beverage brands in 2021 highlight a taste for convenience, comfort, and quality with a focus on affordability. The popularity of private labels and non-traditional retailer formats are also on the rise. …
Premium Private Labels Continue to Disrupt Grocery Market
The demand for private label grocery products remained strong throughout the pandemic, with higher-end premium lines driving sales for traditional grocers, clubs, and mass merchandisers. Now, Kroger plans to add 660 items to its private …
Retailers Face Their Future
Food Institute Focus – Retailers Face Their Future