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%, …
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%, …
Robyn Carter, founder and CEO of Jump Rope Innovation (JRI), joined the Food Institute Podcast to discuss consumer perceptions and desires during the pandemic. With the back-to-school season in full swing, and Halloween, Thanksgiving, and …
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 …
Shopify Inc. is seen as one of the biggest winners in the retail shakeout following the coronavirus pandemic, reported The Wall Street Journal (Sept. 8). Millions of small businesses were forced to adapt to online sales …
September is National Family Meals Month, and FMI is highlighting proven scientific benefits of sharing meals. “We have long known that family meals have a tremendously positive impact,” said David Fikes, executive director of the …
Private-label brands have been performing well during COVID-19. Entering 2020, the category grew more than 4% as national brands only grew at 1.5%, according to Nielsen. As the year carried on, the category continued to …
Retailers are developing new strategies in an effort to one up each other in the battle for delivery advantage. Walmart will launch Walmart+, a membership service that could help it better compete with Amazon Prime. …
Main Points: Convenience stores must adopt practices to ensure employee and customer safety, such as contactless checkout The ability to shift focus to different day parts to achieve sales is essential Consumer loyalty is …
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 …
Sales of chocolate and candy increased during the pandemic as consumers look for products to boost their mood and lighten perspectives, according to data from the National Confectioners Association (NCA). Overall sales of chocolate and …
DoorDash plans to open an initial public offering in the fall, according to people familiar with the matter, reported Bloomberg (Aug. 22). The company had previously considered going public through a direct listing but decided …
Food Institute Focus – How COVID-19 is Impacting Eating
Food Institute Focus – Will Meal Kits Retain Success Post-Lockdown?
Food Institute Focus – Retailers Disrupt Milk Processing Industry
Online grocery shopping has surged during the COVID-19 pandemic. Before COVID-19, online accounted for less than 10% of food sales, according to Ernst & Young LLP (EY). By June, 45% of food sales were online. …
Food Institute Focus – Gen Z’s Influential Food Preferences
Food Institute Focus – Food Industry Continues to Fight for Social Justice
I heard a commentator on TV recently describe the coronavirus as an “accelerator.” In his words, the dramatic industry changes we are currently seeing would have happened anyway in a non-pandemic world, just not as …
Food Institute Focus – Shifting Back to Sustainability
Food Institute Focus – Walmart’s Latest Selling and Spending Activities
As the new year rolled around, no one could have predicted the drastic changes grocery retailers would face in the first half of 2020. The COVID-19 pandemic created major disruptions in consumer buying patterns, online …
As consumers turned to stockpiling when stay-at-home orders were enacted at the onset of the coronavirus pandemic, food manufacturers were forced to pivot to new operating models to ensure profitability. Avenues targeted included direct-to-consumer models, …
Food Institute Focus – Food Businesses are on Frontlines of Mask Debate
Food Institute Focus – Fourth of July Holiday Spurred Sales Gains
Food Institute Focus – The Online Grocer Wave and the COVID Accelerant
Food Institute Focus – Consumer Perception Drives Interest in Plant-Based Eating
Food Institute Focus – Walmart Launches an Amazon Prime Competitor
Food Institute Focus – Latest Deals Prove Grocery Delivery is a Necessity
Food Institute Focus – Food & Beverage Companies are Entering the Age of Corporate Social Justice
Food Institute Focus – Pandemic Concern Remains High
The Food Institute Focus – As Lockdowns Ease, Britain√¢‚Ǩ‚Ñ¢s Brexit Concerns Rise
For 45 years, retailers relied on the universal product code (UPC) to provide an efficient price look-up function at pointof-sale (POS). Digital technology has come a long way since the UPC’s introduction and while it …
The coronavirus pandemic jumpstarted the use of certain technologies for companies in many sectors, including the food industry. Specifically, data analytics and automation are areas the industry is gravitating toward due to need for proactive …
Food Institute Focus – Consumer Buying Patterns Emerge at Grocery Stores
Food Institute Focus – Walmart Accelerates E-Commerce Business
Food Institute Focus – How Food Companies are Successfully Marketing in 2020