It’s unusual for a retailer to make it more difficult for consumers to shop at its stores. But membership fees are the key to Costco’s business. In fiscal 2022 (ending August 28), membership fees accounted for 54% of the company’s operating profit; the figure has risen to 58% in the first three quarters of fiscal 2023.
Kroger Precision Marketing (KPM), the retail media business of Kroger powered by 84.51°, is taking its advertising platform in-house to improve the platform for brand partners, Kroger itself, and most importantly, shoppers.
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 …
Private label has become a major category for retailers: 59% of executives say they will continue to prioritize private label, while 21% say their private label efforts will be accelerated, according to a survey by …
“Companies must stand out,” said Food Institute CEO Brian Choi. “To win in the marketplace, products have to have a differentiated selling point – just being ‘good’ is not good enough in this environment.”
Nearly one-third of survey respondents (30%) are currently skipping meals to account for their financial shortfall.
A new study found that 78% of Gen Zers are concerned about the economy and, somewhat surprisingly, 97% of the youthful cohort still shops in-store.
Recent research shows that modern consumers are drawn to the sustainable nature of seafood and view it as part of a healthy diet.
Walmart and Amazon, the top two retailers in the U.S., are both making big changes to their fulfillment strategies for online orders, aiming to ramp up next-day delivery. WALMART’S HUGE NEW HIGH-TECH CENTER Walmart recently …
Generative AI has the potential to revolutionize grocers’ entire ecosystem, especially online—if they know how to utilize the technology.
As families gear up for movie night across the country and CPG companies figure out how to get their snacks off the shelves and into the hands of consumers before the previews even start, what constitutes a typical movie night snack, for many, is going the way of the dinosaurs.
Everyone knows “El Nino” by now – hot weather. Big winds. And once again in 2023, much of the world will gain a better grasp of this unpredictable meteorological phenomenon. El Nino generally refers to …
New research from analytics firm Placer.ai noted the steps that successful grocery chains are taking in 2023 to outpace the competition amid inflation.
“What is the route to market?” Carroll wondered. “That’s what we all used to say – ‘what is the route to market?’ Today, though, it’s the route to me. Give me what I want, when I want it, as conveniently as possible.”
Adapting to inflation, changing consumer preferences, and omnichannel has been a challenge for Latin America’s grocery industry. Nevertheless, in the past few years, retailers in Latin America have developed innovative strategies to create resilient products …
Aldi is cutting prices on more than 250 products, ranging from snacks to meals, and the move is putting even more pressure on an industry facing inflation.
A recent survey suggests there’s pent-up demand to eat out — and to try new flavors — as American consumers become more adventurous eaters. Nearly half of the survey’s respondents (47%) said they’re tired of …
Offerings such as member pricing boast potential to simultaneously grow market share and increase loyalty program penetration for grocers.
An eye-opening 81% of college students will choose a plant-based food offering when it’s the default option, according to a recent study led by foodservice provider Sodexo. And these Gen Zers are more interested in …
If proper technology and facilities can be developed to lessen the current emissions costs of lab-grown products, then yes, the research team found cultured meat to be much more environmentally competitive and with a potential wide range of applications. Today, though, the scientific/environmental/cultural jump “from pharma to food” remains an expensive and taxing endeavor for mother Earth.
Despite inflation, impulse purchases remain a key opportunity for maximizing basket sizes. A study by Ipsos found that while 56% of consumers say they’re making fewer impulse buys, one-third still made one in the past …
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 …
According to Circana Group and reported by The Wall Street Journal, nearly half of American consumers snack three times or more every day, a figure up 8% in the past two years. Last year, U.S. snack sales soared to over $180 billion, up 11% from the previous year.
Robotics, machine learning, and data analytics helped optimize the Amazon delivery process in recent months. Now, the e-commerce giant’s model could be a standard other retailers look to emulate. Amazon managed to speed its deliveries …
There are many notable jerky and meat snack companies out there and most are thriving as the snackification of America continues apace. Jerky in any form has been a staple snack since navigators used sextets to sail the seven seas and discover more jerky, as John Smith is purported to have in the early 1600s when he marked a map of Virginia and wrote, “as drie as their jerkin beefe in the West Indies.”
Grocers looking to stand out can tap into two trends: the demand for healthy foods and growing interest in cooking at home.
VR technology can help grocers optimize planograms and get a better understanding of how shoppers browse their aisles.
Input costs are up, prices are falling, volumes are down. It’s an unprecedented environment.
Inflation is lingering like an in-law overstaying their welcome. As a result, consumers are demanding deals as they make vacation plans for summer 2023. Judging by recent research, consumers plan to hit the road in …
The C-store landscape has changed drastically over the last several years, but the transformation is far from over.
When it comes to seafood, shrimp is, well, no shrimp. While other seafood prices have been on the upswing since the pandemic era, shrimp prices have remained affordable and stable, providing value opportunities for savvy …
Business owners must keep their fingers on the pulse to forecast whether the cash in the business is sufficient to maintain operations and overcome the volatile market conditions.
As Congress considers a ban on the social media platform TikTok due to questions about the privacy of data, online safety concerns and connections with the Chinese Communist Party, many individuals and businesses alike are …
Many grocers operate with small, tight teams that are experts at their jobs — but this can leave the company shorthanded when a major project or expansion pops up.
With the ever-increasing amount of shopping options – from local grocers to whole and organic nutrition vendors and widespread grocery chains – growing customer loyalty is more important than ever for those in the retail …
Omnichannel grocery is here to stay, and while operating in multiple channels can increase profits, it can also increase challenges.
