On Earth Day 2019, the challenges that our environment is facing are more prominent than ever. The modern news cycle keeps us aware of every imminent threat to the health of our planet, and it can be overwhelming to consider the far-reaching consequences of every action we take. As a member of the grocery industry,…
There is more than enough content telling you what to do as a retailer. Ebooks are sold, blog posts are written (ahem), podcasts are recorded, and webinars are held all with the express interest of persuading you that there is yet another thing that you need to add to your to-do list. Would you believe me if I told you that none of these new concepts would dramatically change your business?
Instead of adding another worry to your plate, what if you tried tweaking the processes and policies that you already have in place?
Expired shrink is a problem for many grocers like you, yet it tends to fall to the bottom of your to-do list. You may think that you have bigger fish to fry: purchasing decisions to make, employees to manage, and marketing efforts to execute, but in reality, your neglect of expired shrink in your store can have a major impact – on your customers and your bottom line.
So, what is the best expired shrink solution? You have to weigh your options.
The grocery industry has faced its fair share of challenges over the past few decades. Digitization has caused many shoppers to adjust their purchasing habits in favor of e-commerce solutions, technology has raised the stakes on in-store personalization, and a renewed focus on sustainability has raised standards for grocers across the country.
A new year brings new consumer grocery trends, and, now that 2019 is in full swing, grocers could be left wondering if their inventory is up to date. Are they prepared for the onslaught of customers who are going to seek out specific food categories and products in order to keep up with popular diets and wellness trends?
If we could look into a crystal ball and predict upcoming retail trends, well, we probably wouldn’t be here writing this blog post.
Though we don’t have psychic abilities, we do have the power of research on our side. After spending time with some of retail’s most influential experts at National Retail Federation’s Big Show 2019, we are fairly certain of the direction that retail is headed this year.
The world of retail is ever-changing. With each year comes a new host of strategies and tactics to consider, new ways to understand consumer thoughts and purchasing habits, and new technology that sets out to make us more efficient and effective.
The one event that sets the stage for the upcoming year in retail is the National Retail Federation (NRF) Big Show, which just concluded its 2019 event. While we took away many lessons about how grocers should adapt to changes within the world of retail, there were a few overarching takeaways that we wanted to call out that affect the entire industry.
The annual National Retail Federation (NRF) Big Show is a prime opportunity for grocers to come together, share knowledge, and ideate on growing trends and ways to capitalize on them in the upcoming year. Executives from some of the world’s largest retailers take the stage and share their expertise, providing attendees and exhibitors with enough takeaways to spur strategic decisions throughout the year, and create products, campaigns, and content that inspires consumers and drives industry innovation.