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 …
Tag: grocery > Page 6
Higher Food Prices, Lower Inventory Expected Through Holidays
According to industry experts, consumers can expect to see higher prices in the last quarter of this year in several grocery categories. Ingredient suppliers are seeing longer lead times because of issues like labor shortages …
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 …
Rising Food Costs Heighten Financial Insecurity Among Seniors
Food price spikes across the U.S. are forcing many senior citizens to visit food pantries or cut back on the number of meals they eat per day. In a recent survey by The Senior Citizens …
Labor Shortages Continue to Drive Supply Chain Woes
Massive supply chain disruptions continue to pervade the U.S. food sector, with labor challenges triggering shortages from raw materials and ingredients to packaged goods. Some of the largest U.S. food distributors, including United Natural Foods …
New Albertsons Offering Illustrates Strong Demand for Online Shopping
Albertsons Cos. has begun piloting an Instacart-powered online grocery pickup service in six major cities. The new click-and-collect service, which is currently available in 40 stores, will work in tandem with Albertsons’ Drive Up & …
Walmart Makes Major Play in Last-Mile Delivery
Walmart plans to open up its in-house delivery platform, Spark Driver, to other businesses. The retailer is doing so to allow the independent contractors out delivering Walmart merchandise to make additional deliveries along the way, …
Online Delivery Boosts Prospects for Amazon Fresh
Since acquiring Whole Foods for $13.7 billion in 2017, Amazon has been looking to further expand into the $900 billion U.S. grocery industry through its Amazon Fresh stores. And, with online grocery delivery growing about …
Why Salad Bars May Become a Thing of the Past
While grocery stores are experiencing an uptick in foot traffic this summer, most salad stations have stayed dark. Many grocers, including Hy-Vee’s, Wegmans, and Stop & Shop have no plans to reopen them anytime soon, …
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 …
Instacart Advertising Business Poised for Strong Growth Under New CEO
Instacart is developing a media retail network ahead of its highly anticipated public offering and is positioned to raise ad revenue by 30% — or $700 million — in 2022, reported The Wall Street Journal …
The Future of Catering? Panera Focusing on Remote Workers
Panera Bread is now catering to remote and hybrid employees as it moves to regain sales in the once high-ticket sector. The chain’s new program, Panera Connects, enables companies to host catered meetings regardless of …
France Issues Vaccine ‘Passport’ Rules; Could U.S. be Next?
French restaurant owners and workers are worried: Are they about to turn into the virus police? Retailers don’t understand how they’ll keep people who haven’t had a COVID-19 vaccination out. France is in the forefront …
The Future of Food Retailing and The Accelerated Digital Age
Analysts: Brands Must Embrace Omnichannel Approach
In today’s omnichannel world, customer loyalty is difficult to earn and just as tough to maintain. With that, keeping pace with customers’ evolving tastes is an undeniably tall task. These issues were analyzed recently during …
Food Industry Financials: Don’t be surprised to spend an extra $6K on food this year
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: grocery inflation, menu price hikes, cost saving ideas, and more. Don’t be surprised …
Swedish Grocery Chain Coop Latest Victim of Kaseya Cyberattack
Coop, one of Sweden’s largest supermarket chains, was forced to close some 500 stores due to an ongoing cyberattack affecting organizations around the world, reported BBC (July 4). Though the supermarket itself was not targeted …
Amazon’s Push for Automated Checkout Inspiring Competition
Amazon broke new ground in the retail space with the recent debut of its “Just Walk Out,” cashierless checkout system at a grocery store in Bellevue, Washington. Amazon’s VP of Physical Retail and Technology, Dilip …
FI Fast Break audio news: June 30, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down the historic heatwave impacting crops in the Pacific Northwest, Dunkin’ Donuts’ shift away from plant-based sausage, and the increasing interest surrounding grocery-anchored …
Don’t Throw It Away! Food Resale Platforms Increase Revenue, Reduce Waste
Consumer-facing businesses, including restaurants and retailers, are responsible for 27% of food waste in the U.S., according to recent data from the ReFed Insights Engine. At 21%, farms aren’t far behind. However, the data also …
Against the Backdrop of Prime Day, Amazon Eyes Online Grocery Sales
While consumers have a general understanding of how Amazon.com disrupted the retail landscape, most probably don’t know how the company’s signature sales event, Prime Day, also forced the industry to pivot. And with e-commerce sales …
Popularity of Frozen Food Continues to Solidify
Frozen food experienced significant growth throughout the pandemic, and demand for the category remains sticky. Data suggest that the popularity will linger in the long term, as consumer shopping patterns continue to favor the convenience …
The Omnichannel Shift Transforming CPG Companies
For the last 5 years, many people believed that CPG e-commerce would be dominated by an Amazon-like model based on fulfillment from warehouses. This deeply impacted their organization, ways of working and analytics. However, shoppers …
Rapid Digital Convergence Propels Shift to Omnichannel Commerce
Pandemic pressure from consumers has supercharged e-commerce technology and triggered its rapid adoption, ultimately blurring the boundaries between traditional food categories like never before. The stage is now set for an omnichannel future wherein providers …
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Survey: Rising Food Prices Have Consumers Changing Allegiances
Escalating food and grocery prices have many U.S. shoppers rethinking their loyalty to retailers and brands, according to a new survey by Inmar Intelligence. Although vaccines and looser business restrictions are making consumers eager to get …
‘Revenge Spending’ the Latest Trend Driving Earnings
Walmart recently posted strong quarterly sales growth and boosted its profit outlook, as comparable sales increased 6% for U.S. stores, excluding fuel, according to Bloomberg (May 18). The retailer attributed the strong performance to a …
Latest Delivery Innovations Bring Groceries to Your Garage, Fridge
Recent delivery innovations by Amazon, Kroger, and Walmart are bringing groceries beyond consumers’ doorstep. Sales from grocery deliveries surged throughout 2020 and demand for the service remains high. In February 2021, online grocery deliveries and …
Digital Coupons Overtake Print Circulars Amid Shifting Consumer Landscape
The days of a wallet stuffed with cents-off coupons is coming to a close with research indicating digital coupons have overtaken print circulars as a more direct way of reaching consumers. An analysis by Inmar …
Foreseeable Future Appears Bright for Grocers
Online grocery usage has skyrocketed in recent years: 73% of consumers had purchased grocery items online within the last three months, compared to 17% in 2017, according to a survey by Power Reviews. Of course, …
Pandemic Changing Consumer Attitudes Towards Dining Out, Retail
As the pandemic continues and vaccines become more readily available in the U.S., here are some insights into how consumers feel about dining out and shopping in stores: Dining Out A significant number of Americans …
Online Grocery Sales Dropped Significantly in February; Here’s Why
Total U.S. grocery online grocery sales pulled back to $8 billion for February, representing a 14% drop from January, according to data from Brick Meets Click. Here’s a deeper dive into those stats, and what …
Restaurants Seeing Signs of Recovery, Glimmer of Hope
There have been recent signs of recovery for the restaurant industry, but obstacles still need to be scaled before the industry is back to a full bill of health. RESTAURANT SALES SHOWING RECOVERY Restaurant sales …
Amazon Opens Grocery Stores, Taps Innovation To Lure Mainstream Shoppers
Amazon has been quietly expanding its grocery operations during the pandemic. EXPANSION IN THE U.S. AND ABROAD Amazon has opened 11 Amazon Fresh stores around the U.S., with plans for at least 28 more, as …
Online Grocery Sales Reach $9.3 Billion in January
Online shopping is reaching new heights amid the pandemic – and likely won’t be going away anytime soon. ONLINE SALES UP IN FIRST MONTH OF 2021 Total U.S. online grocery sales reached $9.3 billion in …
Earnings Update: Walmart and Ahold Delhaize Post Strong Quarterly Sales
WALMART Walmart beat expectations for same-store sales growth, as an early start to the holiday season and a boost from stimulus money late in the fourth quarter drove demand for electronics, toys and groceries, reported …
Will Pandemic Gains Remain for Grocery E-Commerce?
Will the pandemic gains grocery e-commerce saw in 2020 remain in the new year? The Food Institute Podcast welcomed back BrickMeetsClick Chief Architect Bill Bishop to discuss the grocery e-commerce space at the end of …