In 2023, we also saw a growing trend among consumers to adapt their buying habits to save money by trading down and prioritizing cost savings over quality, with 66% of consumers seeking out less expensive goods in 2023.
Critics and analysts alike are keen to understand who stands to benefit most from this technology – whether it will primarily serve Amazon’s interests by increasing sales and customer retention, or genuinely improve the consumer experience by offering more personalized and convenient shopping solutions.
As more distributors move to online ordering, organizing data is essential to providing operators with info like analytics. AI can help.
Anheuser-Busch InBev is trying to win back customers as major retailers like Walmart and 7-Eleven are poised to reduce the amount of space.
When it comes to the food industry, Kohen said food and restaurant retailers can take advantage of smaller formats in neighborhoods and lifestyle centers, providing a dining experience to the shopping journey.
SIRL’s mission is to build the most scalable, robust, accurate, and feature-rich Real-Time Location System (RTLS), and to broadly take this technology to a multitude of markets.
The latest Food Institute news podcast touches on recent warehouse employment concerns for retailers like Walmart.
Kroger and Albertsons are planning a merger that would create a superstore second in scale only to Walmart. The combination of the two U.S. supermarket giants could have a three-pronged effect, resulting in doom for …
Grocers can enable greater media partnerships by improving their in-store experience, according to one top industry executive.
If inflation continues to rise, 57% of retailers will continue to boost everyday prices, according to a new survey. Should this occur, retailers need to take care as they chart their path forward.
Kroger Co. will merge with rival U.S. grocer Albertsons Cos. – a move that will create a grocery giant.
As inflation continues, consumers are responding by shopping value channels more and buying fewer premium meals and snacks, according to IRI.
Dollar General has increased its sales forecast as Americans have increasingly turned to discount chains amid inflation.
The Federal Reserve reported that supply chain disruptions and labor shortages plagued many parts of the country in November, leading to rising prices across most of the nation, reported The Associated Press (Dec. 1). With …
Port congestion continues on both U.S. coasts and the situation won’t be resolved any time soon. To deal with the pandemic-driven slowdown of sea networks — or, as Steve Ferreira of shipping consultancy Ocean Audit describes …
A newly released study conducted by Vericast indicates consumers are leaving brands that aren’t perceived to offer value. The 2021 Deals & Coupons Report conducted by the marketing solutions company reveals that consumers are increasingly …
Walmart is tapping automation to help its store fleet handle last-mile grocery delivery, adding local fulfillment centers (LFCs) that will turn parts of them into mini warehouses and speed up fulfillment for local customers. The …
Food Institute Focus – Retailers Face Their Future
Food Institute Focus – Retailers Shuttering and Stockpiling
