Source: Now.gg Stumble Roblox When Macy's introduced a self-checkout option in its mobile app in 2018, the department store bragged about how shoppers could peruse stores without having to wait in line to pay. However, for several store employees, that raised red flags, raising fears that it might endanger their [...]
By Richard Mitchell Source: Supermarket News Keeping in step with a rapidly changing marketplace will be key for retaining shoppers, according to major retail executives. In remarks at the National Retail Federation’s NRF 2023 Retail’s Big Show event in New York, John Furner, president and chief executive officer of Walmart [...]
By: Bill Aull, Dymfke Kuijpers, and Daniel Läubli Source: McKinsey & Company Changes to the global grocery retail market are happening fast. Trends that emerged during the pandemic are persisting, reshaping the industry. Consider this: in December 2019, the percentage of e-commerce grocery sales in the US market was slightly under [...]
By Noam Schieber Source: The New York Times Over the past decade and a half, many young, college-educated workers have faced a disturbing reality: that it was harder for them to reach the middle class than for previous generations. The change has had profound effects — driving shifts in the [...]
By Patrick Spear Source: Supermarket News Consumer confidence and purchasing behavior regained momentum throughout the summer months as businesses began opening their doors and vaccinations became more prevalent. While Americans are now eager to spend, many retailers are not prepared to capture the pent-up demand. Faced with labor shortages, adjusted [...]
By: Colman Andrews Source: 24/7 Wall St. Because of the nature of the grocery business, independent operations are far outnumbered by units of major chains — whether they’re regional powerhouses, like H-E-B in Texas or Wegman’s in the Northeast, or national operations doing business under multiple brand names (for instance, [...]
By Richa Naidu Source: Reuters Wally Waugh, 57, a front-end manager at a Stop & Shop supermarket in Oyster Bay, New York, makes over $1,150 a week. He is a union member. Adam Ryan, 33, a sales clerk at a Christiansburg, Virginia, Target, makes $380 to $460 a week. He [...]
Source: Supermarket News The SN Top 50 Retailers report is compiled in partnership between Supermarket News and research partner IGD, a leading UK-based analysis and insight organization for the food and consumer goods industry. The following table includes the rankings of the Top 50 food and grocery retailers and wholesalers in [...]
By Michael Browne Source: Supermarket News Hundreds of organizations representing the pharmacy industry, including supermarket pharmacies, are pushing for legislation that they say would stop the abuse of pharmacy price concessions charged by third-party middlemen — known as direct and indirect remuneration (DIR) fees — which have increased 91,500% in [...]
By Russell Redman Source: Supermarket News Grocery retailers will hold an edge in food spending market share over the foodservice sector as the nation heads into the post-pandemic period, according to FMI-The Food Industry Association’s annual U.S. Grocery Shopper Trends study. At the same time, within grocery retail, mass merchants have [...]