Alex Lee, Inc.’s Post

Just a month ago, Groceryshop took place. Our Retail Team was on the scene and brought back lots of interesting insights and trends. Check out what the industry is talking about nowadays 👉 https://lnkd.in/eHQDMSBe #Retail #RetailTrends #Grocery #BusinessInsights #GroceryShop #CPG

Interesting read from Progressive Grocer. Discover how #regional grocers are standing out by providing a rich and rewarding customer experience. From customizable salad bars to multicultural foodservice stations, these operators are making waves in the grocery industry. Check out the #top8 regionals identified by Progressive Grocer. #RetailInnovation #CustomerExperience #GroceryIndustry #shopperjourney Paula Lashinsky Gina Acosta https://lnkd.in/eW3mT_S4

Eager for growth yet limited in the number of places where they can build a new 60,000-square-foot store, grocers have tried their hand at new formats in recent years. The concepts are exciting, but their track record so far hasn’t been great — a fact underscored by the demise of Schnuck Markets’ EatWell, a specialty store format the regional grocer established in 2020 during the height of the pandemic. But one alternative format that has been very successful is one that will grate on grocers’ nerves: Walmart Neighborhood Market. Since launching in 1998, the format has grown to nearly 700 stores across the U.S. with plans to expand. #grocery #Walmart #Schnucks #smallstore #storeformat #convienence #market https://lnkd.in/eQeE39q9

"As a whole, Placer.ai found that California is a high-value grocery market thanks to robust visitation, and that in June, visits to its grocery stores were up 3.8% year-over-year, which was higher than the 1.9% climb nationwide. The state also has several distinctive geographic divisions, meaning different brands saw more foot traffic than others in each region." When it comes to grocery store visits so far this year, California has consistently outperformed the national average. Progressive Grocer's Emily Crowe features Placer.ai's "California Grocers Here We Come!" report in her recent article. Here's what to know: https://lnkd.in/g4n-Q-F3 Ethan Chernofsky Jocelyn Bauer Jennifer Cowen Tali Rozenman Shira Aliza Petrack Maytal Cohen Bracha Arnold Noam Maman Jordan Taub Maia Baram Natasha Feldman Tatiana Melamud Nufar Medan Denis Dlugach Tina Silber Noam Ben-Zvi Koby Ben-Zvi Ofir Lemel Zohar Bar-Yehuda Mark Bowman Ryan Dowd Jim Walsh Jessica Owen R. J. Hottovy, CFA Oded Fossfeld Benjamin Pitman Elad Ash Sam Becker Cornelia Holzbauer Allysun Johnson Juliette Simon Derring-Do Inc. #foottraffic #foottrafficanalytics

Over the past three years, there has been an outsized push of programmatic ad spend toward digital mediums while ~80% of purchases are still made in-store. Leveraging digital capabilities and building on capabilities that now enable digital-like measurement within stores is the next frontier. #vericast #doohadvertising

No other grocer has such a commanding grip over one state as Publix Super Markets does over Florida. The company, which is based in the city of Lakeland, has over the decades amassed more than 800 locations in the Sunshine State. This hasn’t kept other grocers from trying to elbow their way in, eager to capitalize on Florida’s fast-growing population and attractive mix of young and old consumers. Publix, however, has done a very good job of pushing these challengers to the margins. It has chased out most conventional grocery chains over the years, including Sweetbay Supermarkets, Food Lion and Albertsons Companies . Here are key links that may assist with a company business transformation:   Blog – Sector – Retail – Crocs and Profit - https://lnkd.in/gQ4f8exG   Blog – How are Retail Companies leveraging AI as part of their Business Model - https://lnkd.in/gKtQHhdA   #fashion #supplychain #profitability #integratedplanningandreporting #merchandising #capitalplanning

Guess where I'm at? Hint: The place where the smartest in #grocery gather. Say hi 👋 if you see me. I'll be on stage at 9:35 am tomorrow sharing the latest insights from Euromonitor International about the online grocery market in Europe. Hope to see you there! #ecommerce #retail #groceryshop Groceryshop

"'What a lot of these [discount grocers] recognize is there’s just untapped market,' said Ethan Chernofsky, senior vice president of marketing for foot traffic data provider Placer.ai. 'There are a lot of people who are going to appreciate this specific offering. And so that’s what drove a lot of this expansion.'” The low-cost model that grocery discount chains Lidl US and ALDI USA offer has become increasingly appealing, leading to expansions in their store locations. Leah Breakstone features commentary from Ethan Chernofsky and Placer.ai's YoY data on Aldi, Lidl, Grocery Outlet & Nationwide Grocery traffic in this Commercial Observer article. Learn more here: https://lnkd.in/g8DKqVWt Ethan Chernofsky Jocelyn Bauer Jennifer Cowen Tali Rozenman Shira Aliza Petrack Maytal Cohen Bracha Arnold Noam Maman Jordan Taub Maia Baram Natasha Feldman Tatiana Melamud Nufar Medan Denis Dlugach Tina Silber Noam Ben-Zvi Koby Ben-Zvi Ofir Lemel Zohar Bar-Yehuda Mark Bowman Ryan Dowd Jim Walsh Jessica Owen R. J. Hottovy, CFA Oded Fossfeld Benjamin Pitman Elad Ash Sam Becker Cornelia Holzbauer Allysun Johnson Juliette Simon Derring-Do Inc. #foottraffic #foottrafficanalytics

Big Lots 𝗠𝗼𝘃𝗲𝘀 𝗕𝗜𝗚 𝗶𝗻𝘁𝗼 𝗚𝗿𝗼𝗰𝗲𝗿𝘆 — Shoppers may finally have their reason to head to Big Lots — with consumers across every generation getting fed up with inflationary price hikes. Between the retailer's unique: 1. Speed of disposition and liquidation 2. Product philosophy 3. Deal-making strategy ... See how Big Lots is reinventing grocery to attract and retain loyal customers. ➡️ https://lnkd.in/gafVHVUH #Grocery #RetailInsight #RetailNews Phil Lempert

🛒 Insights from the Top: Our CEO, Mr. Ravi Achanta, sheds light on the keys to success in the grocery industry. “Success in the grocery industry isn't solely determined by the size of the store. Smaller retailers excel by offering cozy spaces, personalized service, and unique products. What, in your opinion, makes these grocers stand out, delivering a treasure hunt shopping experience? In my opinion, some retailers always stand out predominantly because of their involvement in the communities they serve; some of them are truly involved in their communities, like park districts, schools, churches, and other social activities around their town. The second most important one is that they truly serve their customers with the best products and services. In online shopping, successful grocers just don't sell groceries. They are well respected in their communities, not only because of their service but also because of their commitment to their local societies.” Meet our Leaders - https://lnkd.in/grCit4Ss #teamRSA #techleaders #businessgrowthexpert #marketing #retailinnovation #meettheteam