Walmart beat forecasts for the fourth quarter as its investments in e-commerce and other efforts fueled a 4.2% same-store sales increase and a 43% jump in online sales, the retailer reported. The retailer has grown its digital sales over the past two years through both acquisitions like Jet.com and expansion of programs including grocery delivery and click-and-collect.
Kroger is working to build an all-inclusive grocery service model while attempting to limit any loss of its customer base to digital competitors, Hilary Milnes writes. "It's a lot of complexities that we face, and in response, we're putting together a new ecosystem that makes it effortless for customers to get what they want when they want it," says Matt Thompson, Kroger's vice president of digital.
Piggly Wiggly Alabama has seen higher revenues and store counts over the past year thanks to operators purchasing Southeastern Grocers stores and tackling new projects that have led to organic growth, says David Bullard, president and CEO. The company also specializes in individualized marketing programs for each store and recently adopted a new retail management pricing system.
CVS and Walgreens are both testing revamped store designs that focus on health and wellness while stocking less seasonal and general merchandise. Three CVS HealthHUB concept stores are now open in the Houston market and offer products including sleep apnea gear, with space for yoga or other classes.
Australian chef Gary Mehigan and his wife, Mandy Mehigan, have joined with Indian design company Nicobar on the Indian Ocean kitchenware collection. The line includes cookware and tableware featuring a blend of Australian and Indian influences.
There is a new and very good reason for shoppers to visit a physical store: the incredible real-time experience that comes with the foods and beverages they enjoy. In many cases, food retailers turn themselves into community centers and give shoppers one more reason to visit their stores. Read more.
Health and wellness is at the heart of almost every food retail success story this year. According to the 2018 Food Retailing Industry Speaks research, industry executives identified the consumer health and wellness proposition and leveraging food to manage/avoid health issues as the top two trends creating a positive impact on business. Learn more.
There's nothing stale about the fresh category in retail, which is arguably turning the food retail business on its head. It's the ultimate disruptive category when it comes to competing for share of the business and we've dedicated significant resources to our fresh strategy at FMI this year. Learn more.
The final installment of the 2018 Top Trends in Fresh webinar series focused on how CPG manufacturers and retailers can view and navigate this complex environment through the lens of the consumer in order to achieve new growth in the perimeter. Listen to the recording.
Virtually all of the growth in US retail sales next year is expected to come via digital channels, according to Fitch Ratings, and retailers will do well to focus their efforts on omnichannel strategies, Managing Director Monica Aggarwal said. Online sales grew around 20% in 2017.
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