Retailers are navigating a complex landscape right now marked by regulatory scrutiny, rising shrinkage, and financially stretched consumers. These pressures are forcing retailers to adapt quickly, according to Supermarket Guru Phil Lempert.
In the wake of headline-grabbing Boar’s Head deli meat recall, industry experts say more safety standards and inspections are needed to prevent foodborne illness.
Kroger’s EDGE Shelf recently came under fire by two U.S. senators who feel the technology could be used for surge pricing and also threaten consumer privacy.
Businesses can significantly reduce food packaging costs by using strategies like group purchasing. In 2024, there is an ever-growing list of factors to consider first, however.
An evolving form of smart carts is helping grocery chains like Kroger, Price Chopper, and Schnucks offer painless and personalized shopping experiences.
With nearly every household in the U.S. purchasing frozen food and $74 billion in sales, the frozen food category plays a pivotal role in the food industry.
A new PYMNTS survey found roughly 40% of shoppers are “click-and-mortar” fans, either using their devices while shopping or ordering online and then picking up their purchases.
Retail insights company 84.51° feels it’s crucial that retailers provide a cohesive shopping experience both online and in-store. Because hybrid shoppers expect to have access to the same prices and brands regardless of how they shop.
Retail media has allowed marketers to target delivery and curbside customers, driving retail velocity. And what’s coming next could be even more revolutionary: advanced geotargeting.
Pumpkin spice season is upon us earlier than ever in 2024. Data from SpotOn suggest the F&B industry’s also moving toward the most expansive pumpkin season yet.
Ongoing port congestion has reached a “boiling point” according to one global shipping expert. Retailers are suffering stress brought on by swings in consumer demand, fear of both gluts and shortages, and spiraling freight costs.
The first half of 2024 featured a cold start for the domestic movie industry. Now, theaters across America are as focused as ever on making a “premium push” regarding their food and beverage offerings.
Customer engagement company Birdzi has partnered with retail solutions provider ECRS for tech that allows grocery shoppers to redeem digital coupons in real-time.
While restaurant chains like McDonald’s have had notable swings and misses regarding AI, business leaders insist the technology offers invaluable uses to food companies, aiding personalized offers, sales forecasting, and more.
About 77% of shoppers say they’re interested in trying new technology within a grocery store. And major retailers are finally warming to the idea of providing innovations like electronic shelf labels.
Thanks in part to influencers like Brian “Liver King” Johnson, seed oils are considered detrimental to human health. Thus, food brands seem destined to further transition to coconut, olive, or avocado oils for their products.
The so-called fast-food “value wars” are ramping up. First McDonald’s and Taco Bell tried to undercut each other; now Sonic’s $1.99 meal has taken things to another level.
“Food wars” are simmering, as geopolitical tensions have inspired a rise of protectionism amid concerns about dwindling supplies, according to one of the largest global agricultural commodity traders, Olam Agri. The Singapore-based agri-business is part of the Olam Group, which supplies food worldwide.
Kroger stock has performed well in 2024, rising 9% so far this year. But on a two-year basis, the stock has barely budged and shares have faded 15% from early April levels. The reaction to first-quarter earnings last week further highlights the uncertainty: Kroger stock jumped in early trading but finished the day down a little over 3%.
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