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Looking at under-served grocery store markets... Interesting article from Placer.ai on Grocery super-stores (in the US): access to fresh food; the food desert concept. Last year, grocery chains accounted for 43.4% of nationwide visits to food retailers – including grocery chains, superstores, and discount & dollar stores - under 50%. The article indicates that there are striking regional variations: in some states, grocery stores attract the majority of visits to food retailers, while in other states, dollar stores or superstores dominate the scene. https://lnkd.in/gvctEPd3 #grocery #fooddesert #USgrocery #USgrocerystatistics #fooddistribution

Average food wastage in fresh grocery retail stands at 5.5% of fresh revenue. The ability to bring this share down has direct implications for the bottom line, and improving fresh perception can drive additional sales across categories. A best-in-class approach for grocery retail recognizes the differences in demand patterns and will tailor the assortment accordingly to curb avoidable waste while maintaining availability > https://owy.mn/4f0VfRz #grocery #retail #WasteReduction

Below are my top news bits from this past week. What did I miss? Is anyone else going to the Fancy Food Show? - Fancy Food Show NYC Starts is this Sunday- Tuesday. - Grocery e-commerce sales moved down slightly in May, with pickup sales falling by almost 4% year over year, while delivery sales remained flat. - Cattle prices are expected to remain stable despite an impending downturn in beef production, according to Rabobank's latest Global Beef Quarterly report. - Aldi and Grocery Outlet Bargain Market are seeing growth in loyal shoppers, with nearly a third of customers visiting at least four times a month. #FancyFoodshow #Newsbits #Retailgrocery #beefnews #NPC #FoodProduction #Innovation #ComeVisit #BeefProcessing #MeatProcessing #SousVide #SousVideCooking #FoodProcessing #FoodIndustry #Manufacturing #FoodInnovation #QualityControl #PlantOperations #FoodTechnology #SupplyChain Find more details at: https://lnkd.in/eipt4XSb https://www.wlj.net/ https://lnkd.in/edDAV753

"Four things you need to know about Frozen Food"🍦🍟 📰 Great to see TWC Group's SmartView Convenience (SVC) data and insights featured in a recent Convenience Store article on frozen foods. ➡️ Data from SmartView Convenience (SVC - our retail epos market read of over 5,000 independent convenience stores in partnership with Retail Spotlight) points to potato products as the only sub-category in frozen foods showing growth in unit terms over the past 52 weeks (to 14.07.24), at +2%. This is largely driven by chips, which accounts for almost 75% of the sub-category and is growing at 4.3%. ➡️ TWC Group now offers consumer and/or retailer insight to complement SVC retail epos data, to help suppliers, retailers and wholesalers quantify emerging trends and identify WHY certain products are in growth, or decline. 🌐 Visit https://lnkd.in/emqkK2DH to learn more or speak to our SVC Product Director, Sarah Coleman: 📞 07834 907995 ✉️ [email protected] 🔗Read the full article here: https://lnkd.in/eV7r4GkE Young's Seafood McCain Foods Fieldfare Nestlé Unilever Birds Eye UK & IE

FAIR FARE? US CONSUMERS' PERCEPTIONS OF FOOD PRICING 'FAIRNESS' IN RESTAURANTS AND GROCERY STORES — by Maria Kalaitzandonakes, Jonathan Coppess and Brenna Ellison Using results from the Gardner Food and Agricultural Policy Survey, we find that, although frustrated by high prices, most consumers felt prices were at least somewhat ‘fair’ at grocery stores. This was especially true of dollar stores and discount grocery stores, where over a third of participants indicated they were going more often due to price increases. Some of the most common shopping outlets (e.g., supermarkets) were not viewed as favorably. Consumers were generally less impressed with pricing at restaurants, in particular, fast food restaurants. The majority of consumers felt fast food restaurant prices were unfair, and over half said prices were causing them to reduce their frequency of trips to fast food restaurants. Finally, consumers were most accepting of price increases to accommodate increased ingredient costs and increased employee wages. Consumers were generally not accepting of increases to support improved profitability, and about 15% of consumers thought there was no acceptable reason for price increases. Read more: https://lnkd.in/eKhixjwY #food #prices #inflation #restaurants #grocery #stores #consumers

This is such a great article by Errol Schweizer, a former Head Merchandiser at Whole Foods Market. If you ever wanted to know how grocery prices are set, this is a great read. One note, consumers often look at a price and assume the brand is getting 50% or 60% of that price. The reality is the price on shelf it typically 3, and sometimes 4x what the brand sold it for, because of the multiple levels it goes through before getting on shelf. Keep that in mind next time you think brands are gouging you with pricing. And be sure to subscribe to The Checkout, Errol's highly insightful newsletter on the grocery industry. https://lnkd.in/ghspEwgK #grocery #inflation #cpg #foodprices https://lnkd.in/getCKZaW

In addition to offering free category-level data and competitive insights to RangeMe Premium and Pro subscribers, NielsenIQ also presents at ECRM Sessions. Earlier this month, NIQ's Monica Burton gave an outstanding presentation at ECRM's Deli, Dairy & Bakery and Frozen Foods Sessions in Chicago. In this video interview with ECRM's Joseph Tarnowski, Monica discusses how in some cases, reducing the total SKU count and focusing more on those unique products that drive incrementality can actually lift overall sales in the frozen segment as a whole. With so many products vying for limited frozen space, trying to squeeze in too many can be counterproductive. She gives a case study of the pizza segment. NielsenIQ found that by reducing the number of products with meat toppings and focusing more on white pizza and pizza with vegetable toppings can actually lift the entire segment. Monica's presentation also addressed trends in the deli, dairy and bakery categories as well as information about NIQ's focus on the better-for-you segment and how that impacts assortments across all categories. You'll find the full slide deck from the presentation on ECRM's blog at the link below! #frozenfood #cpg #retail #consumerinsights #ecrmrangeme Marc S Santos Alessandra Andrade Balerini Meg Major

From experimenting with new in-store technologies to leveraging private brands and expanding fresh food departments, these strategies are top of mind for grocery managers. The U.S. Food Industry Association shares trends and insights on how the food retail industry is adapting to changes in consumer behavior, shopping habits, and the economic landscape #FoodRetail #GroceryTrends #RetailTrends

HERE’S THE SUNDAY SLICE: Rising Above the Crust: Texas Toast's Recipe for Growth in the Frozen Bread & Rolls Category Amidst the staples of the frozen aisle, Texas Toast has buttered its way to a remarkable 19.8% growth over the past year in the Frozen Bread & Rolls category. The slice of this success? A significant portion comes from existing frozen bread aficionados, who've amped up their category spend by 10.5%. 📈 Feasting on New Opportunities: New buyers aren't just nibbling on the edges; they've taken a sizable bite, accounting for 58.3% of household penetration and 46.4% of the spend for Texas Toast's Frozen Bread & Rolls over the past year. But here's where it gets even more appetizing: enticing these new buyers to return for just one more purchase could rake in an additional $59.8 million. That's a lot of bread on the table. 🛒 Where the Bread Rises: Where do these bread enthusiasts prefer to shop? A significant 30.4% of them first pick up Texas Toast at Walmart, with Kroger baking up a close second at 20.2%. It seems the frozen aisles of these retailers are where loyalty begins to rise. A Toast to Thoughtful Engagement: But let's slice deeper—what does this tell us about brand loyalty and shopper habits in the frozen food sector? How can we, as brand strategists and retailers, capitalize on the initial visit to cultivate a recurring shopping pattern? And in a market as vast as the bread and rolls category, how can Texas Toast continue to expand its shelf presence and consumer base? I invite you to chew over these questions: ·      How can brands leverage its initial shopper experience to increase the frequency of visits? ·      With Walmart and Kroger as the yeast to Texas Toast's growth, how can we knead this partnership to further rise in the market? No apologies on the bread puns here…Let's break bread over this discussion! Source: Numerator Lewis Brothers Bakery #TexasToast #FrozenFoods #MarketGrowth #RetailStrategy #ConsumerBehavior #ShopperEngagement #NumeratorData #FoodMarketing

🌱 Bridging the Gap: Our Journey into Food Awareness 🌾 This is a fun segment we started to do to help show how differently some common items we walk by in the grocery store actually look in their natural form. Which one did you find most surprising? #FoodAwareness #ConsumerEducation #FromFarmtoTable #NaturalOrigins #GroceryRetail #Retail #Canada #BrandManagement #CPGIndustry #FoodBroker