“Online grocery is failing,” according to Kurt Jetta, chief executive of TABS Analytics, a consumer products research firm. Only 4.5 percent of shoppers made frequent online grocery purchases in 2016, up slightly from 4.2 percent four years earlier per the firm’s annual surveys. The report also revealed a repeat purchase rate of just 15% for customers making online grocery purchases. Why online grocery may be a fad: Prices are too high Consumers want to see
Seafood sales
For years, Americans have been encouraged to eat seafood more often as it’s a good source of protein, vitamins and nutrients – plus it’s low in calories and saturated fat. The health benefits are helping to drive the demand for fish at a faster pace than beef, pork and poultry. The 6.2 percent increase in U.S. per capita seafood consumption in 2015 was the biggest jump in over 20 years. Plus, according to the National
So why should we care what they eat? Well they’re now a larger group than the Baby Boom generation with numbers exceeding 75 million. In fact, Millennials (ages 18-36), now represent the largest segment of the U.S. workforce and have significant spending power. The group has a strong appetite for high quality, natural foods and are willing to pay more for them. This hasn’t been good news for large food companies as they are showing
Lidl, (pronounced leedle), the giant German food retailer plans to open 100 stores on the East Coast over the next 12 months. Lidl is Europe’s largest grocery discount chain with revenues of $62 billion in 2014. Its stores in Europe are similar to Aldi’s in the U.S. But speculation is that Lidl’s U.S. stores will more closely resemble a Trader Joe’s than an Aldi. Lidl’s U.S. stores will be larger than Trader Joe’s, but likely