Cuhaci Peterson®’s Post

Shorter Saturday errands? Sign us up! Nonfood purchases now make up 25% — $250 billion — of $1 trillion in sales at food retailers. Our Jill Blanchard shared other insights on the potential for grocery stores to expand sales in nonfood categories at the recent FMI- The Food Industry AssociationI Midwinter Conference, and SmartBrief dives into them here: https://bit.ly/3ONm7ZF #Grocery #Retail #ConsumerTrends #ConsumerInsights

The battle for share of wallet between grocery retail and restaurants is just getting warmed up. This isn’t a new phenomenon, but it has never been more front of mind for the consumer public in the aftermath of post-Covid inflation. Of course this isn’t an all -or- nothing proposition, the best restaurants with compelling experiences are going to thrive. On the whole, the next six months are a huge opportunity for retail grocery to claw back market share of consumer spend from food “away from home”. The retailers that do this won’t necessarily be the ones with the lowest price on commoditized staples. A customer who used to eat at Olive Garden or Red Lobster but has decided to cook at home instead is looking for experience, FUN, and “affordable luxury”. Retailers can give them what they want by offering them new innovative products that help them cook at home without taking too much of their time and money. Pod Foods #innovation #nobadfood

Who doesn't like a good snack? 😋 While U.S. consumers are still committed to purchasing snacks, they're changing their shopping habits due to higher prices.📈 Read Supermarket Perimeter to learn more about consumers' snacking and shopping habits, including how some are shifting their spending from retail to quick-service restaurants: https://lnkd.in/e_iekygJ #shopping #grocery #pricing

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

With consumer preferences evolving, grocerants—supermarkets offering restaurant-quality meals—are reshaping the grocery landscape. Shoppers are drawn to the convenience of eating and shopping in one location, turning these stores into foodie destinations. Could this hybrid trend be the secret ingredient to supermarkets' success? https://lnkd.in/gBcy5uHK #KRS #solutions #retaildesign #grocerydesign #grocerants

The Food Institute's recent article "2024: The Year of the Convenience Store" offers a fascinating look at current C-store trends. The piece delves into the impressive growth of convenience stores, exploring how they're adapting to and capitalizing on evolving consumer needs. And it sheds light on why C-stores have become increasingly popular destinations for shoppers. Our CEO Jennifer Silverberg shared her insights in the article: "This is likely a reflection of the trend that's happening in grocery overall: a shift away from the 'weekly stock-up' behavior to a more on-demand approach, with more frequent pickups and deliveries. This shift is getting consumers more used to smaller pack sizes, single-serve drinks, etcetera." Check out the article for the full intel 👇 https://ow.ly/1cyI50TJ4zq #RetailTrends #ConsumerBehavior #ConvenienceStores

Making Sainsbury's easier to shop. “Next Level” #strategy, aiming to become the top choice for #food among UK shoppers. A key commitment is achieving higher food volume growth and making the full food range available to more customers, with only 15% of #supermarkets currently offering the complete selection. The plan involves creating additional space for food in about 180 high-potential stores over three years, expected to drive grocery volume gains. #Sainsburys #NextLevel #FoodStrategy #UKRetail #supplychain #planning

American shopping habits are shifting due to changing grocery prices. Shoppers are favoring generic brands to manage inflation and splurging on high-end items instead of dining out, according to the latest Circana insights. Find out more in article below. #GroceryTrends #SpendingShift

American shopping habits are shifting due to changing grocery prices. Shoppers are favoring generic brands to manage inflation and splurging on high-end items instead of dining out, according to the latest Circana insights. Find out more in article below. #GroceryTrends #SpendingShift

Has stockpiling food become a thing of the past? Before inflation and the threat of a recession, I remember when it was possible to head to the store and grab food you knew you wouldn't touch for (at least) a few weeks. Now, according to Ryan Daily, thanks to high prices, consumers have decided to move away from meat, seafood, and produce, and instead look to buy fresh deli and bakery items through multiple shopping trips. This trend has been dubbed “just-in-time shopping.” Have you found yourself stuck in this trend? #Snacking #ConsumerSatisfaction #Trends