Kroger's deal to sell its Simple Truth products via Chinese online retailer Alibaba highlights the company's commitment to finding international partners to work with, Randy Hofbauer writes. This outreach for partnerships is helping Kroger find new markets that can offer sustainable growth, even where it doesn't have physical stores, he writes.
Big-box retailer Meijer is preparing to open the first location of its Bridge Street Market concept later this month in Grand Rapids, Mich. The 37,000-square-foot prototype store is focused on fresh and prepared foods, emphasizing local brands and deli and bakery items while also carrying Meijer brands.
Seventy-one percent of consumers research using their mobile phones while shopping in stores, compared with 56% in 2017, and 84% who have previously engaged with personalized offers are keen to receive more, per a study by Publicis.Sapient and Salesforce. The report states that personalized experiences drive a five times higher spend per visit than those that are not customized.
The California avocado season will be shorter than originally expected, though growers still consider this year's yield a robust one despite nearby wildfires. Crops are expected to keep coming in through August, with a total yield of about 300 million pounds, lower than an initial estimate of 350 million pounds.
Tyson Foods' plan to explore plant-based and lab-grown meats and ALDI's expanded US grocery offerings proved popular with SmartBrief readers this week. Stories about the renovated McDonald's flagship in Chicago and plans by the chain and its franchisees to invest $6 billion to upgrade restaurants around the country also caught readers' attention.
National brands drive growth for retailers National brands account for the vast majority of revenue growth, and shoppers believe name brands offer higher quality across categories, according to Acosta's Why Brands Matter report. Read on for more insights from Acosta's comprehensive strategic analysis and recommendations on how brands can successfully compete and collaborate with private label.
Produce preservation company AgroFresh Solutions has acquired cold-chain logistics provider Verigo, and the merged companies have launched a tracking platform called FreshCloud that's designed to prevent food waste. FreshCloud tracks produce quality and offers actionable insights from the field to the grocery store.
Raley's has introduced a pharmacy app for customers that alerts them with texts when their prescriptions are ready. The app, developed with partner mscripts, also allows shoppers to order refills and get directions to locations.
Unilever-owned ice cream brand Ben & Jerry's has tapped Matthew McCarthy as its new CEO, along with plans to create new vegan and low-calorie frozen desserts while continuing the company's tradition of social activism. McCarthy replaces Jostein Solheim, who will move up to oversee Unilever's North American food businesses.
Nestle says its strength in coffees is part of its overall strategy for future growth, even as consumers' food and beverage needs are changing. Chief Strategy Officer Rui Barbas points to the company's leveraging of its Coffee-mate brand to develop a line of RTD coffee drinks as one of the ways it is forgoing old-fashioned thinking on heritage brands, and instead shifting the focus of well-known labels to stay relevant to today's shoppers.
The symbiotic relationship between eating well and shopping well
We all want to eat well, but the concept means different things to different people. For some, eating well is all about the taste of the food; for others, it means consuming products of high nutritional value; and still for a growing number, eating well means knowing the food was sustainably and ethically produced. For most it is a fluctuating combination of all these factors. While the nuances of eating well may significantly vary with the individual, there is one universal truth for all aspiring to eat well. To eat well, one must first shop well; and we all need assistance in both endeavors. Read more.
Predicting the transformation of brick-and-mortar stores
Futurologist Alvin Toffler garnered worldwide popularity for his predictions on social and technological progress in society. He accurately predicted the rise of the internet, cable television and consumerism as global trends. Toffler knew then what we're living now: Technology is the great growling engine of change. And this ever-evolving engine continues to run on all cylinders. Read more.