Studies suggest that people have an ingrained fear of shortage. Whether this is a psychological hangover from the days of lean harvests and not having enough food to tide us over during the winter months is up for debate.
However, it remains true that retailers can tap into these subconscious anxieties to gently persuade customers to add impulse purchases to both their online and in-store carts.
Publix, Chick-fil-A, and Food Lion are among the companies that earned an “excellent” score in a recent study conducted by the Temkin Group that compared a wide variety of organizations and industry verticals. These companies, along with other supermarkets and fast-food chains like Kroeger, Save-a-Lot, and Wegmans, received top ratings from consumers.
Despite a two-year decline in profits, North American independent grocers were able to turn these numbers around in 2015. The NGA’s Independent Grocers Financial Survey reports strong financial indicators for the industry, confirming what many already know: independent grocers are resilient and driven towards continued improvement.
Companies across the board often turn to media characters to market their products. Why? Because it’s an effective, proven way to promote their products in order to maximize sales. Popular media characters used in brand marketing can connect manufacturers with children and influence a child’s product preferences. Kids are quick to develop emotional bonds even…
The Food Safety Modernization Act (FSMA) “final rule”, with respect to Foreign Supplier Verification Programs (FSVP), is a means of the US Food and Drug Administration to regulate the human and animal food imports of international importers.
As a desire for farm-to-table narratives increases, the culture of the food industry continues to evolve in order to meet changing consumer demands and interests. In particular, the industry is seeing a large scale push for organic products, as Millennials enter into the shopping the arena with purchasing practices predicated on nutrition and healthy living.
Those who are in the grocery store industry know that shrink is one of the leading causes of profit loss. Shrink is the difference between profits that should have been made versus profits that were actually made. Many inexperienced grocery store owners or managers end up dealing with hefty profit losses because they are ordering the wrong amounts of inventory or the wrong products in general.
The grocery store deli offers much more than meat and cheese. In fact, the deli is becoming a more trusted source of fresh, quality ingredients for shoppers in the U.S., Canada, and the U.K., according to a study by the Culinary Visions Panel. Shoppers around the world agree that there are many great reasons to stop at the deli counter on your next visit to the grocery store.
Metcalfe’s Market, with stores in Madison and Wauwatosa, has become the first official partner of Stop Waste Together in an effort to prevent food waste created by expired products from grocery shelves. Through this partnership with Stop Waste Together, Metcalfe’s is taking aim at doing their part to reduce the $165 billion worth of food…
In an ever-changing world of consumer trends and habits, supermarkets have had to adjust to shifting demands and new consumer interests in order to rise to the top. With increased competition between supermarkets and high expectations from consumers, being aware of these emerging trends can give retailers a boost in the market. 1. Transparency and…