Walmart’s decision to close 63 Sam’s Club stores on the same day it announced raises for its hourly workers was a poor one, to say the least. But its decision to shutter those underperforming club outlets and convert 12 of them to e-commerce fulfillment centers, industry observers agree, was tough but necessary.
Craft beer has taken off over the past five years, with the industry now boasting over 6,000 craft breweries in the US alone, 700 of which opened in the past year. In order to continue this momentum, Anheuser-Busch (A-B) has launched Elevate, a new initiative that aims to take craft brewing to the next level […]
A consumer survey released by Retail Feedback Group Study had positive news for Aldi and cautionary news for everyone else. The 2017 U.S. Supermarket Experience Study, which examined shopper attitudes on a range of industry topics, indicated Aldi is winning with shoppers on value and checkout experience, while Walmart received the lowest scores in all […]
Global online food and beverage sales will increase 80% over the next five years, according to research firm Euromonitor International. This growth will outpace the 73% growth projected for the broader retail industry during the same time period, the firm notes. By 2022, Euromonitor forecasts that global online retail sales will eclipse traditional grocery sales.
BJ’s Wholesale Club — simply known as BJ’s — has 215 stores in 16 states with 25,000 associates and sells more fresh food per member per year than its competitors, says President and CEO Chris Baldwin. He sees the company as a high-frequency club store that adds immense value to its 5 million members. “We […]
From meatless meats to digital twins, the latest “emerging trends” identified by Goldman Sachs Group Inc. include technologies and investing strategies that have been around for a while. “What happens when everything old becomes new again?” the bank asked Wednesday in the second edition of its “Outsiders” series, meant to help investors “separate the hype […]
Surely you’ve already heard about Amazon’s latest move. On June 16, Amazon announced that they were buying grocery chain, Whole Foods, for $13.7 billion. This acquisition has huge implications for not just the food delivery industry, but the delivery industry in general.
Moody’s Investors Service sees carbonated soft drink consumption in the United States continuing to slide and some of that market share being replaced by what the service calls “alternative beverages.” Such beverages include ready-to-drink coffee and tea, energy drinks, organic juices, enhanced waters and functional beverages.
Organic food sales in the United States increased by 8.4% in 2016 to reach $43 billion, marking the first time sales surpassed $40 billion, according to the Organic Trade Association’s industry survey released May 24. The 8.4% jump compared to an increase of 0.6% in overall U.S. food market sales.
Speed, experience and personalization stand out as three strengths that convenience stores have in the battle to attract consumer dollars, according to research from The Nielsen Co.
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