What’s in store for grocery?
Growth and agility.
Notice how grocery retailers are investing in:
🍎 Boosting the top line with retail media and loyalty builders like private labels*
🍊 Driving efficiencies with technologies that streamline processes and save shoppers time
🍋 Improving agility by responding to threats like theft and opportunities like store expansion
[* Hope Walmart’s bettergoods line, which launched today, will be available in Canada.]
What other factors influence the grocery sector in 2024?
Join me next month for a webinar panel on retail media, which is booming in grocery in particular. Stay tuned for details.
Sources:
Bloomberg, Forbes, Grocery Dive, International Supermarket News, MarketWatch, McKinsey & Company, PLMA, Progressive Grocer, PYMNTS, Retail Brew, Retail Dive, Retail Insight Network, Retail TouchPoints, Supermarket News, The Wall Street Journal
Related:
2023 Global Grocery Trends (notice how inflation was more pronounced)
Why Grocery is a Retail Media Magnet
Private Label’s Global Growth
Retail Theft on the Rise
