FI Fast Break audio news: July 24, 2024
The latest Food Institute Fast Break news podcast touches on the latest update related to weight-loss drugs.
Tag: retail
Game the System: Gamification in Grocery & Retail
Gamification refers to the idea of point scoring and applying competitive techniques to encourage consumer engagement.
Survey: Retail Employees Are Happy with Jobs
Who knew? Retail employees actually are happy with their jobs, according to recent a survey by an employee benefits company.
Consumers Are Warming to the Idea of Smart Carts and Frictionless Shopping
About 77% of shoppers say they’re interested in trying new technology within a grocery store. And major retailers are finally warming to the idea of providing innovations like electronic shelf labels.
FI Fast Break audio news: July 17, 2024
The latest Food Institute news podcast touches on the unlikely comeback bid of a once-bankrupt steak chain.
‘Audience Optimizer’ Tool Designed to Revolutionize Retail Ads
Swiftly’s newest offering was designed to provide both retailers and brands the ability to engage with customers on a highly personalized level.
FI Fast Break audio news: July 10, 2024
The latest Food Institute news podcast touches on Athletic Brewing’s eye-opening ascent in the NA category.
Investors Fear Kroger Is Returning To The Old Normal
Kroger stock has performed well in 2024, rising 9% so far this year. But on a two-year basis, the stock has barely budged and shares have faded 15% from early April levels. The reaction to first-quarter earnings last week further highlights the uncertainty: Kroger stock jumped in early trading but finished the day down a little over 3%.
FI Fast Break audio news: July 4, 2024
The latest Food Institute news podcast touches on Americans’ growing aversion to tipping, and other trending industry news.
The Plight of the Hourly Employee: Low Morale, Long Hours and AI Fears
A new study shows that hourly employees are demanding more recognition from their employers along with increasingly flexible schedules.
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.
Asian Food & Grocery Proliferates
According to recent data from Technomic, Asian casual-dining chains experienced sales growth of more than 24% in 2023 – nearly six times the average for casual dining as a whole.
Going Electric: Walmart Commits to Digital Signage
“The digital element presents an expanded shopper/marketer revenue stream for the company,” Zakowicz said.
FI Fast Break audio news: June 19, 2024
The latest Food Institute Fast Break news podcast breaks down a major merger in the bottled water category.
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.
FI Fast Break audio news: June 12, 2024
The latest Food Institute news podcast breaks down New York State’s Retail Worker Safety Act, which recently passed in the Senate.
Dollar Stores Have Reached An Inflection Point
The performance of dollar store stocks suggested investors believed Walmart’s best days were behind it. They were wrong.
Private Label Drives Summer Growth
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.
FI Fast Break audio news: June 5, 2024
The latest Food Institute news podcast provides an update on shipping rates related to diversions around the Red Sea.
FI Fast Break audio news: May 30, 2024
The latest Food Institute Fast Break news podcast touches on the decline in Americans’ coffee consumption.
Consumers Have Forced the Value Wars
Food prices are up; consumer confidence is down. Many QSRs and retail outlets reported losses in the last quarter. The Value Wars are here.
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.
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FI Fast Break audio news: May 22, 2024
The latest FI Fast Break news podcast touches on Target’s plans to reduce prices on several items this summer.
Four Key Themes from the 2024 BMO Farm to Market Conference
At the 2024 BMO Farm to Market Conference, a few key themes emerged for the food, beverage, and agriculture sectors.
C-Stores Draw Market Share From Grocery, Retail
Casey’s and Maverik are highlighting breakfast while Buc-ee’s and Rutter’s are leveraging increased square footage and store footprints to drive sales and steal market share away from grocers and retailers.
FI Fast Break audio news: May 15, 2024
The latest Food Institute Fast Break news podcast touches on Kraft Heinz’s possible sale of the Oscar Mayer brand.
What’s Playing? The Role of Music in Retail
“The power of audio in retail goes beyond just music,” Elsley said. “Incorporating carefully crafted messaging and advertisements into the auditory experience can further enhance customer engagement and drive sales.”
FI Fast Break audio news: May 8, 2024
The latest Food Institute news podcast touches on Gen Z’s mounting credit card debt, Gen Alpha’s love of cooking, and more.
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?
FI Fast Break audio news: May 1, 2024
The latest Food Institute news podcast touches on a very unique new collection of products from the Dunkin’ chain.
For Gen Z, Variety Packs Rule Retail
Some of the takeaways from the Circana report indicate that inflation has generally gone pretty easy on the beverage category, prompting marketing teams to “promote their relative price stability and find ways to demonstrate value, recognizing that ‘value’ doesn’t always mean lower price,” and that premium categories continue to outperform more value-based brand propositions.
FI Fast Break audio news: April 24, 2024
The latest Food Institute news podcast touches on the potential impact of a TikTok ban on the food and beverage industry.
The Recipe for Success for Kodiak Cakes
Through its unique product offerings and strategic influencer partnerships, Kodiak Cakes has differentiated itself and created a strong brand persona that resonates deeply with modern consumers.
Will Amazon’s Dash Carts Work?
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.