Tag: grocery > Page 6

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 …

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 …

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 …

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, …

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 …

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 …

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 …

Online Grocery Sales Top $8B in November

U.S. online grocery sales reached $8.1 billion during November, continuing a trend of more than $8 billion in monthly sales dating back to May, according to the Brick Meets Click/Mercatus Grocery Shopping Survey. The survey …

Black Friday 2020 Online Sales Break All-Time Record

U.S. consumers spent an estimated $9 billion this year on U.S. retail websites for Black Friday, according to Adobe Analytics, reported AL.com (Nov. 28). The spend represents a 22% increase over a record $7.4 billion …

Interest in Delivery Companies Continues

Ahold Delhaize will acquire a majority stake in FreshDirect, with plans to accelerate its growth online and around New York, reported Winsight Grocery Business (Nov. 18). The acquisition will allow Ahold Delhaize to begin its …

Amazon Cuts into the Pharmacy Business

Amazon opened an online pharmacy Nov. 16, allowing customers to order medications and prescription refills for delivery, reported CNBC (Nov. 17). The retail giant has been building its pharmacy offering for several years now. In …

Walmart is Shedding Global Operations, Focusing on Digital

Walmart has recently made business moves that  indicate it’s shifting its focus from international markets to digital operations. International Divestures In 2018, Walmart sold an 80% stake in its Brazilian operations to a global profit …

Advertisement
FI-Home-NEW-2020Gaps
FI-Home-NEW-2020Gaps
Advertisement

Digitally Mature Grocers Have an Advantage with Shoppers

The most “digitally mature” grocery retailers are capturing a considerably greater share of the growth of a growing shopping modality, according to the results of 2020 Grocery Digital Maturity Benchmark Study from Incisiv, reported Winsight …

Albertsons Adds Contactless Options to Simplify Grocery Shopping

Albertsons Companies introduced Albertsons Pay, a new zero-touch checkout experience. Available through its updated just for U loyalty app, it offers shoppers with a secure and contact-free way to pay, use discounts, and earn rewards. The new technology is …

Grocers Prepare for a Second COVID Wave During Holidays

Grocers and suppliers feel more prepared for a second surge of COVID-19, reported The Boston Globe (Oct. 19). Most grocers and wholesalers began stockpiling items that were popular during the first wave of shutdowns. Some …

Amazon Strikes Deal with SpartanNash

Amazon issued a warrant to purchase up to 5.4 million shares in SpartanNash, according to a filing with SEC, reported The Motley Fool (Oct. 9). The warrant has been issued specifically to Amazon.com NV Investment …

Retailers Prepare for Possible Second Wave

Grocers are stocking up to prepare for a possible surge in sales amid a second wave of the COVID-19 pandemic, as well as the holiday rush, reported The Wall Street Journal (Sept. 27). Food companies …

Coronavirus’ Effect on Restaurants Versus Retail

While restaurants continue to feel the weight of the pandemic, retailers are still benefiting. Nearly one in six restaurants, representing 100,000 foodservice establishments, have closed permanently or long-term in the six months following the first shutdown orders …

Kroger Beats Earnings Expectations

Kroger forecasted growth of more than 13% for 2020 in its latest earnings report. Sales were up 8.2% to $30.5 billion in second quarter, with growth up 139% excluding fuel. Identical store sales increased 14.6%, …

A Second Grocery Stock Up on the Way

More than half of shoppers plan to stock up on groceries if another coronavirus-related shutdown occurs, according to data from Acosta. “As COVID cases continue to rise, most shoppers believe we’re headed for another shutdown …

Pandemic Forces Continued Retail Adaptation

Julie Companey, director of client strategy for grocery, drug, and mass retail channels at Valassis, discusses the retail industry’s continued adaptation in the wake of the pandemic, and efforts companies can take to be better …

German Grocers Continue Expansion into U.S.

German discount grocers Aldi and Lidl have been capturing a larger share of the U.S. grocery market over the past several years. The stores have increased sales and attracted shoppers with simpler stores that offer …