Here is a quick fact to consider:
The “average” supermarket in the US generates about $15-$20 Million in revenues per year with the the annual revenues reaching as low as $5M to over $50M. We have broken down the most volume by category to give you a better idea of where the revenue is coming from for future reference in regards to inventory, marketing, and shopper satisfaction.
The millennial generation has become the topic of much discussion throughout multiple industries-especially in the retail grocery market.
The spending power is on a rise, however, in order to capitalize on the growth, the buyer personal must be understood at a high level—the ages are between 21 and 39, make up about 22% of the entire population, and own $1.7 trillion in spending power.
What are consumers looking to purchase this year? In a store filled with thousands of products, standing out throughout the aisles is no easy task—catching the eye of the consumer is difficult. Here is a quick list of packaging trends that tops our list for the year. Packaging with Transparency The culture trends in the…
The highest level of food integrity is a requirement in today’s environment. In order to keep customer loyalty and trust, grocers, retailers and their supply chain partners will have to provide their customers with clearer insight into how their products are manufactured, sourced, and brought to market moving forward.
The Center for Food Integrity’s 2015 Consumer Trust Research report indicates food manufacturers are expected to lead this charge. In a marketplace where consumers are demanding transparency not only from grocery stores and restaurants, but also the food companies manufacturing their products, the best way to retain customer loyalty and trust is to build a transparent supply chain. To gain this type of visibility into the supply base, there are a few best practices to keep in mind.
On average $61,000 are lost to expired products in each grocery store per year. Date Check Pro has done a combination of compiling existing research, and collecting some of our own to put together the featured infographic to show how expired products really do affect shrink and a grocery store’s bottom line. The good news…