Tag: shopping
An Inside Look at UPSIDE Foods’ New Cultivated Meat Center
UPSIDE Foods (formerly Memphis Meats) is opening what it says is the most advanced cultivated meat production facility in the world. The Engineering, Production, and Innovation Center (EPIC) features a 53,000-square foot campus in Emeryville, California, …
Report: Holiday Shoppers Starting Early, Spending More this Season
Holiday spending is shaping up quite differently this year, following months of COVID-19 vaccines and gradual restaurant recovery. Not only are people shopping earlier this season — with stats from NPD Group showing that 51% …
Buy Now, Pay Later Services Grow as an Alternative to Credit Cards
“Buy now, pay later” (BNPL) options are growing in popularity for larger purchases. Retailers, such as Walmart, are seeing a year-round boost from this purchasing option and are doing away with traditional layaway programs, reported CNBC …
The Future of Food Retailing and The Accelerated Digital Age
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 …
‘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 …
Pandemic Changing Consumer Attitudes Towards Dining Out, Retail
As the pandemic continues and vaccines become more readily available in the U.S., here are some insights into how consumers feel about dining out and shopping in stores: Dining Out A significant number of Americans …
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 …
Americans Plan to Spend Less During the Holidays
Almost 40% of Americans plan to spend less on gifts this holiday season, according to a CNBC economic survey. The average U.S. citizen plans to spend $886, down 10% from a year ago, as the …
Holiday Shopping Expected to Rise During COVID-19
The National Retail Federation (NRF) expects holiday sales will rise in 2020 when compared to 2019 as consumers search for reasons to celebrate during the pandemic. The group forecast holiday sales in November and December …
How Coronavirus, the Election, and Holidays are Impacting Spending Habits
Although shoppers have been primarily driven to make grocery purchases based on health and safety concerns during the pandemic, a second layer of consumption behavior has been emerging from those experiencing financial restraint, according to …
Amazon Consumers Shop More But Satisfied Less
Food Institute Focus – Amazon Consumers Shop More But Satisfied Less
Most Americans Still Prefer In-Store Shopping
Food Institute Focus – Most Americans Still Prefer In-Store Shopping
How COVID-19 Could Change Grocery Shopping Indefinitely
Food Institute Focus – How COVID-19 Could Change Grocery Shopping Indefinitely
More Retailers Go Digital, Cut Back on Hours
Food Institute Focus – More Retailers Go Digital, Cut Back on Hours