Covid-19 turned the world on its head. We're defining new norms and what once made sense, is up for individual assumption and acceptance. Especially throughout the United States. The Real Estate market had an astronomical increase rate over the last two years with no signs of correction, pet shelters' inventory is at an all-time low (YAY!) and auto-lots are practically begging people to trade-in their vehicles; almost making non-classic cars an appreciating asset. Analysts are on a non-stop statistical hunt with our consumption and spending.
Topics: Remodel, Merchandising, Retail, trends, Distribution, cpg, product movement, boost product sales, product cut-in, resets, front-end management, retail re-alignment, in stock at the front end, stay in stock, Data Collection, #storelevelexecution, #restockingstores, Retail Stores, Restocking at Retail, COVID-19, Coronavirus, #cpgcompanies, Grocery, TNG Retail Services, Team Members, store resets, covid grocery category increases, grocery retailers, in-store execution, grocery industry change, grocery retail renovations, Makeup, makeup aisle, beauty aisle, increase sales, merchandise organization, Behind the scenes
A rise in in-store retail shopping is underway. With the Covid-19 vaccinations becoming more readily available and easier to access/administer, people are feeling more comfortable with 'normal activities,' including grocery shopping. A recent study by Inmar Intelligence found that 27% of consumers are headed back to the stores, while 38% will continue an online and in-store combo.
But, what does this mean for Grocers and CPG companies?
Topics: Merchandising, Retail, Distribution, logistics, mapping, cpg, product movement, product cut-in, resets, front-end management, retail sales data, causal data collection, in stock at the front end, stay in stock, in stock at retail, CPG companies, build your brand at retail, set up displays quicker, gig economy, planograms, people powered, Data Collection, Analytics, modules, #storelevelexecution, #restockingstores, #peoplepowered, Retail Stores, Restocking at Retail, Retail Execution, COVID-19, Coronavirus, jobs, #instoremarketing, #cpgcompanies, Team Members, store resets, private brands, consumer shopping rotation, covid grocery category increases, grocery retailers, shopper marketing, grocery industry change, #possible, Cosmetics, Beauty, Makeup, #WeAreSASRetail
Categories Trending At Retail Create Need For Store Remodels
Consumers, with the change in routine and habits are making different choices than they were even eight months ago. There has been a definite shift where money is being spent and this requires grocery retailers to act and change up stores in response to that shift. I recently attended a Supermarket News industry webinar that highlighted some of those changes. Some were surprising, others were not. Here’s a broad sweep list:
Topics: Merchandising, millennials, trends, boost product sales, appeal to millennials at retail, #retailexecution, #storelevelexecution, #pointofpurchase, Health, store conversions, covid grocery category increases, in-store execution, grocery industry change, new store set-up, grocery retail renovations
Retailers Acquiring Stores or Setting Up New Distribution Reduce Headaches
This year may escalate unprecedented changes to the grocery retail environment. Grocery retail, despite having a boon year for growth had previously been challenged on many fronts and the current economic climate, among other things, may mount those challenged retailers.
Amazon’s stronghold in the e-commerce space was made even stronger by consumers sheltering in place and trip consolidation. Direct to consumer companies are also gaining market. Shopper behavior, which has been shaping store sets and sizes, may also see dramatic changes. Categories that were often an afterthought at retail have come to the forefront.
Topics: mergers and acquisitions, store conversions, new distribution center, store resets, private brands, distribution center conversion, consumer shopping rotation, shopping trip consolidation, covid grocery category increases, grocery retailers, ise, in-store execution, purchase grocery retail locations, shopper marketing, grocery industry change, pick and pack e-commerce, source of supply moves, new store set-up, grocery retail renovations