🚀 ITALY: Impressive Growth in the Food Service Sector at Shopping Centers! 🍴 In 2023, the turnover from food services in shopping centers reached €5.6 billion, marking a significant increase in their contribution to the total revenue of these complexes, rising from 9.7% to 11.2%. 📈 Global Trends and Future Outlook: Globally, the food service market continues to expand, with a forecasted annual growth rate of +3.8% through to 2028. Italy remains a key player with a 3% share of the global market and still positive growth prospects. 💡 A Time of Opportunity: These figures represent a clear indication of the opportunities available in the food service sector, both in terms of expansion and innovation. An ideal time for investors and industry operators to plan their future strategies. #FoodService #ShoppingCenters #BusinessGrowth #MarketTrends #InvestmentOpportunities https://lnkd.in/d47q97mp
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The Evolution of Retail and Dining in Canada: Key Trends Shaping the Industry 🇨🇦🍁 As Canada’s retail and dining sectors evolve, consumer demand is driving significant changes. Key trends include the rise of digital loyalty programs 📲, with brands like Tim Hortons and Loblaw Companies Limited making it easy for customers to earn rewards with each purchase. Hyper-personalization 🤖 is also booming, with companies like Host using data to deliver custom deals, creating more meaningful experiences. Another strong trend? Canadians are embracing local shopping 🛍️, with apps like Host helping users support neighborhood businesses while saving money. This focus on local is paired with a rise in sustainable practices 🌱, as companies like Sobeys and Canadian Tire Corporation invest in eco-friendly options and local sourcing. Finally, technology and convenience 🚗💨 are at the forefront, with curb-side pickup, delivery, and mobile innovations making shopping and dining more seamless than ever, but at what cost? Want to dive deeper? Read our full article on the evolution of retail and dining in Canada and the trends shaping the industry. https://lnkd.in/gVn6QDvy #RetailTrends #DiningIndustry #CanadianBusiness #ShopLocal #Sustainability #TechInnovation #PersonalizedShopping #CustomerExperience #Canada
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UVE DATA MARKET HORECA REPORT 2023 As every year this report shows the geomap of HORECA establishments and trend changes in the sector in the Spanish territory. · The Spanish HORECA sector stabilizes after a year of recovery, with a growth of 0.6% compared to 2022 · The number of establishments in Spain are 270,081 (+0.6%), stabilizing the growth experienced during 2022 (+2.5%). The UVE Data Market Horeca 2023 report allows access to all annual numerical census of HORECA establishments, detailing these figures by categories and subcategories (Accommodations, Bars and Cafes, Restaurants, Leisure) and by location (Autonomous Communities, Provinces, Municipalities, Metropolitan Area and Postal Codes). UVE Data Market Horeca 2023 report, one of the indicators of the input distribution channel, estimates that organized catering has experienced a growth in the number of premises of 8.3%, compared to 0. 1% of independent hospitality. This data demonstrates "the good moment it is experiencing" and projects "a prospect of closing this year in more than positive numbers." UVE Data Market Horeca information is very interesting for your HORECA business plans, since it will allow you to analyze the current situation and obtain market forecasts, among others. Source: https://lnkd.in/gCztWZ-t
UVE I Route to market data intelligence en LinkedIn: El sector HORECA se estabiliza tras un año de recuperación, con un…
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Spinneys introduces The Kitchen, its dine-in food hall concept, with the first branch at The Dubai Mall offering healthy, ready-made food. The next location is slated for Dubai Creek Harbour, with plans for up to 15 outlets by 2028. #CEO Sunil Kumar Sekharan sees this move as a strategic step post-IPO, diversifying offerings and tapping into the UAE's growing food service sector. Spinneys' revenue grew by 11% in Q1 2024, reaching AED815 million, with e-commerce sales up by 27%. The IPO raised AED 1.38 billion, underscoring investor confidence in Spinneys' growth strategy. Sekharan shares: “We’ve plenty to look forward to in the coming months, with four stores scheduled to open in Saudi Arabia by year-end as we expand to the Kingdom for the first time, and three more stores set to open in the UAE." https://lnkd.in/di7d_4NY #Spinneys #FandB #FoodandBeverage #Dining #Retail #Dubai #SaudiArabia #SaudiVision2030 #UAE #Expansion #Growth #Strategy #ecommerce #healthy #lifestyle
Spinneys launches food hall at Dubai Mall, with 15 in the works
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Carrefour
Casino : accord avec Carrefour en vue de la cession de 25 hypermarchés
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Dr. Sylvain Charlebois's recent column in La Presse on private labels highlights "PC" (President’s Choice) as the sector leader and suggests that segmentation and premiumization in Canada are recent phenomena. However, it's important to note that Walmart has long offered a premium private brand "Our Finest." Metro launched "Irresistibles" 25 years ago, and Sobeys had "Sensations" before "Panache." This shows that premium private labels are not new in Canada. Since 2008, consumers have turned to private labels for quality and affordability, a trend accelerated by the pandemic. Some multinational brands have reduced quality to maintain profitability, which hasn't gone unnoticed by consumers. In Canada, the rise of private labels is supported by a generation of consumers (Gen Z and Millennials) less attached to the logos and more to quality. Canada boasts a rich network of innovative SMEs and a diverse culinary culture influenced by our varied population and love for culinary exploration. Canadian food SMEs, flexible and innovative, have long been key partners for private labels. Their expertise complements the R&D and marketing capabilities of retailers, creating a win-win relationship. Walmart, with BetterGood, replicates what Target or Kroger have successfully achieved in the US years ago, with "Good & Gather." or "Simple Truth" or "Private Selection". The Canadian private label market is rich and segmented, offering significant opportunities for local food players. Read the full article here. CTAQ - #privateBrand #storebrand #retail #foodinnovation #SME
Panier d’épicerie | La valse des marques privées continue
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As the food-to-go industry continues to grow, staying ahead of market trends is essential for sustaining growth and driving innovation. At CACI we are excited to share our latest insights on the most impactful food-to-go transaction trends for 2024, designed to help you navigate and thrive in the coming years. Within this blog by Paul Langston, you will discover: ▪️ Which trends are set to dominate the food-to-go market during 2024 and beyond? ▪️How customer preferences are evolving and what do they mean for the food-to-go market? ▪️ What have been the long-term effects of hybrid working on consumer spend? Read the full blog here: https://lnkd.in/dRgpX2P9 #FoodToGo #MarketTrends #BusinessStrategy #CustomerExperience #Innovation #consumerinsights #QSR #CACILocationDynamics #catering #Leisure #Hospitality #consumerintelligence
Most impactful food-to-go transaction trends into 2024 - CACI
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Food Prices in Spain: Which Supermarkets Are the Most Affordable? The members of the Consumers' Association visited 1070 stores in 65 Spanish cities. According to the organization, the shopping basket has increased by an average of 2.9% over the last year. The highest increases were recorded at Supercor (+7.2%), Hipercor (+8.2%), and Supermercados El Corte Inglés (+9.7%). Among those that have lowered prices are Aldi (-0.6%), Carrefour Express (-0.9%), and Lidl (-0.7%). ❗️The cheapest store in the country was identified as the Alcampo hypermarket in the Diagonal Mar shopping center in Barcelona. Depending on the establishment, consumers can save an average of 1272 euros annually. In some cities, the potential savings are much higher. For example, in Madrid, the difference between the most expensive and the cheapest supermarket can amount to 4148 euros per year (73% of the basket’s cost). #affordableSupermarkets #spainLiving #priceIncrease #costOfLiving #shoppingBasket #consumersAssociation #ImpulsoMedia
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Interesting article from our editor on how grocery is becoming one stop shop! Check it out!
Thanks to Leslie Sarasin, FMI- The Food Industry Association, Jill Blanchard and Dave Wendland for sharing insights on how grocery retailers are becoming one-stop shopping destinations. https://lnkd.in/eePZE8VG
How grocery stores are expanding from food retailers to one-stop shopping destinations - SmartBrief
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- Distribution & Marketing - Promising signs for the nascent and fast growing travel retail segment. Tied to the development of large modern infrastructure (railways, roads, airports) and urban transport systems, the retail ecosystem is expanding. This is enabling organised and branded retail across segments such as fashion, food hospitality, grocery, to find new pockets of demand and expand their reach. https://lnkd.in/dbRsqDzP
TATA Starbucks introduces its first metro store in India - ET Retail
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In 2023, the value of Italian cuisine in the world soared to 240 billion: this is the result of a survey conducted by Deloitte Italia regarding the sector, confirming the leading position of our country on a European scale. GICO is ready to embrace new market demands! Read the article on HorecaNews.it for further details https://lnkd.in/dGVEJCKu #GICO #MaestriDiCucine
Deloitte: Italia leader in Europa nel foodservice, giro d’affari di 41 miliardi
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