TOKYO — Convenience stores across Southeast Asia are expanding their fresh food offerings to lure customers away from traditional eateries and boost sales, a move that is paying off in some of the region’s most competitive markets.
Source: Convenience stores turn to food to fuel growth in Southeast Asia
REAL ESTATE Survey: Food critical to shopping center traffic The way to a shopping center patron’s heart is through their stomach. A recent survey of more than 1,000 consumers from JDA indicates the top two factors influencing customers to visit an indoor or open-air shopping center more frequently were having unique dining options (46%) and grocery shopping, such as Whole Foods or Trader Joes (42%).
Ecommerce is expected to account for 53% of retail sales by 2028, the report by analyst Retail Economics for law firm Womble Bond Dickinson suggests. This is more than double the 19.2% of sales that occur online at present. The report, The Digital Tipping Point , found one of the main causes of this shift in spend to be the increase in Generation Z and millennial shoppers, who spend the most online.
Retailers behind in personalizing the retail experience, claims study July 9, 2019 Nearly half, 44%, of retailers, have made no progress in customizing the in-store shopping experience and today’s digital natives love brick-and-mortar more than previous generations.
Source: Retailers behind in personalizing the retail experience, claims study
Are women still the primary shoppers for groceries? And how do millennial and boomer food shopping habits differ? Here are 10 things that caught our eye in the 2019 US Grocery Shopper Trends report* prepared by The Hartman Group for the Food Marketing Institute (FMI).
Source: The evolution of US grocery shopping: 10 trends to watch
Retail trends are about going from one extreme to another and then settling in the new middle, says trend analyst Dion Chang.
Source: 10 new rules of retail, according to a trend analyst | Fin24
RN rejoins category expert Jemma Healy from Lucozade Ribena Suntory to see how her advice on optimising soft drinks displays can boost sales.
Source: Category advice: Refresh your soft drinks – betterRetailing
Dollar General’s 975 new stores leads the pack considerably and accounts for roughly a third of the retail locations slated for 2019.
Source: Discount grocers will account for more than half of store openings this year | Grocery Dive
Forget millennials, that consumer segment that the target of many innovative efforts. Single consumers are a force of nature as well when it comes to retail.
Source: Retailers Give Fresh Focus to Single Consumers | PYMNTS.com
Plus, 72% of executives say artificial intelligence and machine-learning technology are essential or important to executing their personalization strategy, according to a survey conducted by Forbes Insights and Arm Treasure Data.
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