IKEA has joined a growing list of retailers who have taken the decision to temporarily close their stores due to the coronavirus outbreak. The retailer will be shutting all UK …
The grocery segment is one of the hottest in the retail industry. Once considered a laggard, grocers have caught up with the leaders and continue to earmark large investments to redefine the customer experience and infuse the path to purchase with new digital capabilities. Overall, Walmart and Kroger remained the top leaders in the US grocery market in 2019, with a combined market share of roughly 30%, which is largely unchanged since 2017, according to UBS. But hard discounters are expected to ramp up pricing pressure this year by aggressively opening new stores, while regional chains continue to gain market share. And grocers can only wait and see what else Amazon has in store for 2020, having just opened its first, full-size, cashierless Amazon Go Grocery store in February. There is still room for smaller grocery chains to thrive, but as we learned from the recent bankruptcy declarations of Earth Fare, Lucky’s Market and Fairway, organic and local are table stakes now and not a source of growth. Grocery retailers are investing heavily in digital capabilities and beefing up their tech firepower with robotic technologies, artificial intelligence, computer vision, inventory management, mobile experiences and more. Meanwhile, fast free delivery and improved click-and-collect experiences are reshaping how consumers shop for groceries. Smaller chains must be savvy in their investments if they intend to keep up with the national powerhouses, or at least capture a respectable share of the $678 billion grocery market. 42% Grocery retailers said staying current with technology is a key concern keeping them up at night. Grocers report 17% of total sales today can be attributed to digital efforts. This success has led grocers to expand deployment of next-gen digital experiences and technologies Source: RIS News
Supermarkets and their supply chains are beginning to buckle under the strain of customer behaviour in the face of coronavirus. Several chains are “drastically cutting” the product ranges in store. …
Sainsbury’s and Tesco are bringing in a number of new measures to help address issues arising from the coronavirus outbreak. Tesco is introducing a storewide restriction of three items per …
As restaurants, bars, and local shops close down, platform-based monoliths are vacuuming up customers and jobs. here are always parties who profit in times of crisis, and so it goes …
The online retail giant is placing restrictions on the types of merchandise it will carry in its warehouses through April 5. Faced with merchandise shortages in the United States and …
Even if you don’t know who Ty Haney is, if you’ve spent any time on Instagram you probably know her company by osmosis. Outdoor Voices, with its millennial branding and …
Michel Edouard Leclerc, president of the eponymous French grocer E.Leclerc claimed recently that “le Bio” is growing 20-25% a year currently and perhaps for this reason alone, since its 2018 …
IKEA and Alibaba on Tuesday announced the opening of the IKEA virtual store on Alibaba’s e-commerce platform Tmall. This is the first time IKEA will offer its products and home …
Online gift retailer Prezzybox has chosen a travel retail location for the opening of its first physical store. Situated at the Roadchef Strensham services on the M5 in Worcestershire, the …