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C-Stores Profit from Pandemic

More than half of c-store operators said they expect their total 2020 sales to be at least somewhat higher than last year’s profits, according to CSP Daily News’  latest Outlook Survey. Thirty-nine percent anticipate their …

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 …

Walmart and Ocado Make Opposing Moves with Robots

Walmart decided to stop using robots that move through the aisles checking inventory levels and prices after seeing the results from about 500 stores. In January, the retailer announced plans to expand use of the …

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 …

Vertical Farming Investments Grow

Vertical farming company Plenty Unlimited Inc. attracted $140 million in a Series D financing round that included existing investor SoftBank Group Corp., as well as berry producer Driscoll’s, reported Bloomberg (Oct. 14). The new raise …

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 Rethink Strategy

Several retailers have been working on re-strategizing their operations recently. Dollar General is looking to attract more high-income shoppers, reported The Wall Street Journal (Oct. 8). The company is planning to open a new brand …

Whole Foods Feels Pressure from Pandemic

Although much of the grocery industry is prospering, trips to Whole Foods in September were down 25% from a year earlier, according to Placer.ai, reported Bloomberg (Oct. 7). Some of the decline is due to …

Walmart Sells Majority Stake in Asda

Walmart sold a majority stake in Asda to a consortium that includes brothers Zuber and Mohsin Issa and the private equity firm TDR Capital in a deal that values the supermarket chain at about $8.8 …

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 …

Grocers Invest in New Technology to Increase Efficiency

Food retailers are partnering with technology companies to make their operations more efficient as the COVID-19 pandemic continues. Giant Eagle now operates FlyBuy Pickup, a curbside and in-store pickup program. FlyBuy, using location technology from …

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%, …

Preparing for a Pandemic Fall

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 …

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 …

Shopify Finds Winning E-Commerce Strategy

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 …

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Pandemic Highlights Value of Family Meals

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 …

Shoppers Connect with Private-Label Brands

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 …

Convenience Stores Adapt During COVID-19

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 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 …

Consumers Turn to Sweets During Pandemic

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 IPO, Diversifies with Grocery Delivery

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 …

Moving Forward, Grocery Retailers Must Embrace Digital

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. …