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Sprouts comps up almost 13 percent but Whole Foods sinks stocks | Retail & Financial content from Supermarket News

Shares of Sprouts Farmers Market, The Fresh Market and other specialty grocers tumbled Wednesday following a weaker-than-expected earnings report from Whole Foods Market.
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The Five Slides You Need: Sam's Club

The Five Slides You Need: Sam's Club | Competitive | Scoop.it

Kantar Retail Point of View on Sam's Club - SWOT Analysis, Key Initiatives, Key Financials, Growth Forecasts, and Supplier Implications

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Smart & Final Rebounding with Renewed Focus on Core Brands

RetailNet Group forecasts that US cash & carry retailer Smart & Final will rebound from the last three difficult years, as the company posted sales declines in 2010-2012. The company recently sold off two banners to Sprouts, and is regaining the growth it displayed prior to its unsuccessful attempt to open SmartCo, a banner in the supermarket segment.

 

The store was designed as a large scale, traditional supermarket which sold both bulk foods like the company’s cash & carry outlets and the varied choices of a standard supermarket. After disappointing results, the stores were closed in November of 2010.

 

RNG expects that these positive numbers will continue, as Smart & Finalgrows just above inflation for the remainder of the decade. RNG forecasts that it will post a five-year compound annual growth rate (CAGR) of 2.5%, a nearly double digit improvement over its historical CAGR while opening 10 new stores.


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Why Amazon Is on a Warehouse Building Spree

Why Amazon Is on a Warehouse Building Spree | Competitive | Scoop.it

Item storage, shipping, and delivery have become Amazon’s top operating expenses, jumping more than 40 percent a year from 2010 to 2012 and contributing to a $39 million loss last year. Building on pricier land closer to cities drives up near-term expenses. Costs will rise more as the company adds 5,000 full-time jobs in 17 U.S. warehouses to its 20,000 existing employees, along with 2,000 customer service workers (including some part-time and seasonal hires). Upstarts such as online grocery deliverer Instacart are moving in the opposite direction. “We don’t have to build warehouses, lease a fleet of trucks, or manage perishable inventory,” says Instacart Chief Executive Officer Apoorva Mehta, a former Amazon employee. Unlike AmazonFresh, which ships groceries in Seattle and Los Angeles, Mehta’s San Francisco-based startup guarantees delivery in less than two hours, using contract shoppers who drive their own cars to customers.

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Hot on the heels of Whole Foods

The Fresh Market is hungry for market share in the natural foods space and on the heels of solid second quarter growth said it was accelerating an already ambitious new store opening schedule.

 

The operator of 139 stores said sales for the second quarter ended July 28 increased 13.3% to $354.8 million and same store sales advanced 3.4%. Profits increased to $15.6 million, or 32 cents a share, compared to $13.3 million, or 28 cents a share the prior year.

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Harris Teeter sets acquisition vote for October

Harris Teeter sets acquisition vote for October | Competitive | Scoop.it

Harris Teeter will hold a shareholder vote on October 3 to approve its plan to be acquired by larger grocer Kroger, according to The Charlotte Observer.

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Don't Expect Smaller, Urban Costco Stores Anytime Soon

Don't Expect Smaller, Urban Costco Stores Anytime Soon | Competitive | Scoop.it

While Walmart has been trying out its (relatively) smaller Walmart Express stores for the last few years, and Target began launching its own miniaturized CityTarget stores in 2012, the CEO of Costco says his city-living customers are willing to make the haul out to the ‘burbs for savings.


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GreenAcres Market to acquire local Whole Foods Association stores

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Walmart’s Q2 Results: Elusive Growth, Stiff Outlook Ahead

Walmart’s Q2 Results: Elusive Growth, Stiff Outlook Ahead | Competitive | Scoop.it

Walmart’s Q2 comparable store sales (comps) fell 0.3%, registering below management’s forecast of flat to 2% growth. From a shopper perspective, the retailer’s average basket held steady while its customer traffic drove down its comps for the third consecutive quarter. Though its performance slightly rebounded over Q1, this represents continued softness in the retailer’s ability to maintain underlying growth this year.

 

Viewed by department, Walmart US displayed softness across grocery and hardlines, while softlines rebounded from Q1 (Figure 2). The retailer attributed its grocery softness to weaker-than-expected inflation and even some deflation in certain categories, such as dry grocery, frozen, snacks, and beverages. Performance in health and wellness was held by an increase in overall prescription counts and a “positive trend” in over-the-counter medicines. Meanwhile, hardlines weakness was attributed to the weather in the first part of the quarter, and the fact that the retailer is cycling against assortment add-backs in crafts and stationery. Entertainment continued to face pressure in electronics, media, and gaming, while its wireless offering held strong. Apparel was led by children’s and men’s clothing, while home was led by strength in outdoor living categories.

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Harris Teeter pilots mobile wallet to speed up grocery checkout

Harris Teeter pilots mobile wallet to speed up grocery checkout | Competitive | Scoop.it

With the help of Paydiant, the company will first roll out an application called HT Express Pay at the store’s location in Matthews, NC. If the pilot goes well, Harris Teeter will expand the system to other locations.

 

“Whether the goals are different or not, in essence what we’re seeing is part of a general trend where consumers are interacting with their favorite brands through their mobile devices,” said Chris Gardner, cofounder of Paydiant, Wellesley, MA. “When you look at retailers, many of whom haven’t been innovators, they are now very quickly jumping on the mobile bandwagon for all sorts of consumer interactions.”

 

“Part of marketing to consumers is helping them conduct transactions and use that to provide better service for customers,” he said. “[It’s about saying,] ‘Hey look our customers are asking to interact on mobile, and we want to do to that.’”

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Peapod expansion shows growth in online grocery shopping | Drug Store News

Peapod is opening nine new pickup locations at Stop & Shop stores around Massachusetts and Rhode Island as part of an expansion push in New England, bringing its total number of sites in those states and Connecticut to 27.

 

The way Americans shop for groceries is undergoing a rapid and dramatic change. Supermarkets will likely continue to exist for a long time, but a growing amount of shopping for food is happening online.

 

While it's the largest online grocer in the country, Peapod isn't alone. Its competitor in the New York market, FreshDirect, controls about 80% of the New York market for online grocery shopping, and Amazon appears to be looking to move in as well, as it already has on the West Coast.

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Target tightens focus on mobile as in-store shopping tool

Target tightens focus on mobile as in-store shopping tool | Competitive | Scoop.it

Target is giving its mobile applications a significant boost with location-based features, pointing to the critical role that in-store experiences are playing for retailers in taking their mobile efforts to the next level.

 

Target has updated its iPhone app to include new in-store features, and a similar app update will roll out across Android devices by early November. In-store modes and apps are increasingly playing a bigger role for retailers to sync up their online and bricks-and-mortar experiences.

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Fresh Harvest: Local, Organic Produce Delivered!

Fresh Harvest: Local, Organic Produce Delivered! | Competitive | Scoop.it

Have you ever had local, organic produce?  Comparing it to the conventionally grown produce you see in Kroger that has been shipped 2400 miles across the county is like comparing a Steak & Shake Steakburger to a filet mignon from Ruth's Chris Steakhouse.  They are nothing alike.

 

I caught up with Phillip Knight from Fresh Harvest and got to ask him a few questions about their business, what they do, and why they do it.  So far, I am really impressed with everything they are doing.

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Rite Aid Corporation Launches Integrated Marketing Effort to Introduce Wellness65+

Rite Aid Corporation Launches Integrated Marketing Effort to Introduce Wellness65+ | Competitive | Scoop.it

Wellness65+ is based on the wellbeing as well as wellness offers of wellness+ with customized plans for seniors constructed on individualized solutions for assisting them live better lives. Wellness65+ is made to provide seniors an improved experience, which consists of a unique savings day for them the first Wednesday each month – wellness65+ Wednesdays – in addition to the chance to build up a deeper connection with their committed Rite Aid pharmacist. Affiliates will be automatically entitled for a prolonged pharmacist consultation to provide them the additional back up they require to maintain their physical condition as well as wellness.

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Costco Finally Stops Selling Yummy-Looking Detergent Pods In Clear Candy Jars

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