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.

Prime Numbers: Amazon and Competitors Heat Up Summer Sales

Amazon’s Prime Day sales, which began Tuesday, were expected to rake in $14 billion, up 10.5% from last year, Adobe Analytics projected. Such statistics have inspired competitors to join the July sales fray.

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.

Going Electric: Walmart Commits to Digital Signage

“The digital element presents an expanded shopper/marketer revenue stream for the company,” Zakowicz said.

Survey Shows In-Store Shopping Still Very Much Matters

While e-commerce continues to gain ground, most consumers still appreciate the in-store shopping experience, according to a new survey.

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.

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. 

Fast-Food Chains Racing to the Bottom to Attract Inflation-Weary Consumers

All of a sudden, $5 value meals are everywhere, from fast-food chains to major retailers. Industry insiders say the deals are simply a short-term solution, however.

Falling Stars: Inflation Cuts Into Retailers’ Ratings

The most recent rising trend in retail is lowering one’s expectations of retail. This year, clothing companies tended to fall the worst, followed closely by QSRs, big box stores, and grocers, in that order.

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.

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.

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?

Consumer Shift: Private-Label Snacks See Unprecedented Popularity

For the first time in the report’s history, the top six brands – all of them – are store brands, from retailers like Walmart, Amazon, and Target.

Top 3 Spring/Summer Trends in Retail

In a few short years, retail will be a totally immersive and data-driven experience highlighted by personalized AI recommendations for health and home, smart carts to increase efficiency (and solve the traveling salesman’s dilemma in-store), and much more.

The Future of Retail, Part 3: The Immersive Retail Environment

“Customers will step into a retail environment where every interaction is personalized, guided by AI algorithms that efficiently navigate shoppers through aisles and offer tailored product suggestions in real time,” fostering brand loyalty and elevating the consumer experience to “unprecedented satisfaction levels.”

The Future of Retail, Part 2- Tomorrow’s Tech

To further understand how inventory and supply chain will change, Jarvis said the end of data silos must be achieved “to create a holistic understanding of each shopper, their interactions, and the stream of information being shared with them.

The Future of Retail – The 10,000-ft. View

“By 2030, visiting a Target, Walmart, or Costco won’t just be about shopping,” said Diana Zheng, head of marketing at Stallion Express, a leading e-commerce shipping company from Canada, “It will be an experience. An immersive experience. A personalized experience, even a social experience.”

Report Reveals Scarcity of Retail Innovation

From number-crunching untold volumes of data to helping streamline inventory, supply chain, and predictive market trends, there is no digital limit to what AI can help operators achieve.

Consumers Award Better-for-You in New Product Survey

Despite some titans of the pantry and cookie jar winning in their categories (Keebler’s Chips Deluxe Fudgy in the Cookie category; Dr. Pepper Strawberries & Cream in Soft Drink), better-for-you offerings not only abounded but won several snacking categories.

Taking Stock of Wellness: Target Launches Wellness Initiative

The least expensive products will start at just $1.99 and range from apparel to supplements, vitamins to technology, and more. Many of the offerings will be exclusive to Target and complement its dedicated online wellness destination that features ideas, meal inspiration, and more.

The Fiercest Battle in Retail: Foot Traffic, Trips, and Loyalty

EV charging stations outside, stores within stores inside, sprawling beauty sections, niche products, reimagined loyalty programs – the battle for foot traffic is cutthroat as the economy roars to life.

The Age of Retail Media Networks 2.0 is Already Here

The second wave of retail media networks is already upon grocers and retailers – and CPG makers could be among those to benefit the most.

‘Gen Z’s Most Magnetic Brands’ Report Praises McDonald’s, Starbucks

McDonald’s has nearly as much brand magnetism with Gen Z as Dwayne “The Rock” Johnson or Ariana Grande. And in 2023, the purple-hued force of attraction that connected the burger giant with young consumers was …

Retail Theft is a Growing Problem – Can the Tide Be Turned?

Major retailers including Target, Walmart, Whole Foods, Walgreens, and CVS have all recently decided to close locations across major US cities, raising concerns about the future of retail in some of the most distinguished business …

Candy & Spice and Everything Nice: Holiday Hits Retail Earlier Than Ever as Spending Shrinks

It’s not just the days that are getting shorter – the amount of time between glimpsing ghouls and buying roof clips for Rudolph is shrinking, too. Home Depot sold out of its first run of …

Growing Up – CEA & The Future of Indoor Farming

What’s next for the controlled environment agriculture (CEA) space after a spate of bankruptcies and rising inflation?

What Target’s ‘Drive Up with Starbucks’ Signals For Curbside Pickup

While the mid-pandemic rush around curbside pickup has cooled off, the potential benefits for consumers and retailers alike are still shaping the grocery landscape. The number of shoppers opting in for the convenience of in-car …

Prime Day Deals Could Spur Retail Revival

Amazon’s two-day Prime Day event starts July 11, and retailers are hoping it lifts the restraint consumers have been exhibiting since the beginning of the year. Call it Christmas in July. The annual sales orgy …

When Wallets Are Tight, Concentrate on Quality & Convenience

When consumers start tightening their wallets due to economic conditions, they start choosing between price and convenience. And in the case of major retailers, it becomes a struggle to decide where to concentrate efforts. “Companies …

Grocers Tap into Health and Wellness Trends

Grocers looking to stand out can tap into two trends: the demand for healthy foods and growing interest in cooking at home.

FI Newscast (March 3, 2023) – Featuring Hunter Thurman, Alpha-Diver

Welcome to the FI Newscast! Each week, we note the latest industry trends and consumer insights, with guest appearances by the foremost industry experts. This week’s guest was Hunter Thurman, President of Alpha-Diver – one …

Upping the Ante: Walmart Joins List of Retailers Increasing Pay

Now that Walmart has joined Target and Costco by raising their minimum pay to about double the federal rate of $7.25 an hour, fast-food outlets may have to consider boosting their minimum to $20 to …