Carrefour Aims for Era of Profitability
Grocery giant Carrefour is shifting its focus from growth to profitability – and other companies may want to follow suit, according to industry executives.
Grocery giant Carrefour is shifting its focus from growth to profitability – and other companies may want to follow suit, according to industry executives.
The importance of offering sustainable products is hard to overstate — seven out of 10 consumers find sustainability more important today than they did two years ago, and more than half consider it “very important” according to Glow’s 2023 US Brand Sustainability Benchmark Report.
AI is the future of food retail. A recent study found that the global AI-in-retail market was worth $8.4 billion in 2022 and will jump to nearly $46 billion by 2032.
Providing a seamless experience is more than one great transaction—it’s using omnichannel opportunities to meet shoppers wherever they are.
Now that digital grocery has become normalized, future growth will depend on creating a service that can stand out from the competition.
A top executive with S&P Global Ratings said proper forecasting will be imperative for retailers this year, as fading uncertainty enables new opportunities.
Experts believe that video analytics will soon define grocery, from checkout-free shopping to efficient stocking.
Mainstream grocers can learn priceless lessons from successful off-price brands like Aldi, according to one industry analyst. Chief among those lessons is the value of growing private-label offerings.
Roughly 82% of shoppers feel product content online is more important than brand names. One executive notes how brands and retailers can deliver ideal information.
Both grocers and their CPG partners are feeling the impact of an uncertain economy and sharing data can be mutually beneficial.
Costco CFO Richard Galanti reveals the formula for Costco’s lofty customer service score: keeping members happy, especially during inflation.
Disability-advocacy groups are calling upon retailers to address the issue of inaccessible self-checkout lanes.
Grocers need to prepare for a changing environment as they head into 2023, and bringing in new products will give them a competitive edge.
Grocers can enable greater media partnerships by improving their in-store experience, according to one top industry executive.
The coming year could be a turbulent one as grocers navigate economic uncertainty while also benefiting from shoppers’ return to stores in a post-pandemic environment.
The inflationary environment means grocers need to fight hard to retain their customers, and data is one of the most important marketing tools at their fingertips.
Grocers seeking the full potential of their digital platforms may want to investigate contextual commerce, wherein they present products to customers based on their wants and needs rather than the contents of traditional store aisles.
Smart data and inventory management solutions can help account for lost revenue and even provide further sales opportunities.
Retailers including Walmart and Kroger have embraced in-store robots to help keep stores clean on a consistent schedule, and the automated tools offer benefits for any retailer to enhance its operations.
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.
Inflation means price-conscious shoppers are trading brand loyalty for promotion hunting habits, but smart grocers can still instill loyalty in their existing shoppers. In fact, grocers can even use this time as an opportunity to …