Market Research

Technology

Online sales to near 14% of U.S. grocery market in next five years

Increased traction for pickup to help drive almost 12% annual growth for e-grocery sales, Brick Meets Click forecasts.

Retailers

Study: Grocery Outlet is positioned for success in 2023

Foot-traffic data firm Placer.ai listed Grocery Outlet, which opened five new stores last month, and East Coast convenience store chain Wawa on its 10 Top Retail Brands to Watch in 2023 list.

Adding small-format stores to their lineup is a growing trend amongst retailers looking to pack high sales volume into fewer square feet.

Trader Joe's leads the pack for homebuyers, as an average home value near Trader Joe's is $987,923, compared to $891,416 near Whole Foods, according to a new analysis from Attom.

Consumers are looking forward to bringing back some of the traditions that put the "happy" in the holidays, the report said.

Food retailers are investing in ways to grow their omnichannel business and improve the customer experience, according to the 74th annual The Food Retailing Industry Speaks report released Tuesday.

U.S. consumers' assessment of current economic conditions and the landscape six months out both showed improvement in August, The Conference Board reported Tuesday.

"Confidence and consumer spending will continue to face headwinds from rising prices in the coming months," The Conference Board's Lynn Franco said.

New research from Kin + Carta and Edit finds retail food and drink is faring better than other categories.

Consumers are switching to less-expensive options and cutting down on nonessentials, IRI's Krishnakumar "KK" Davey says.

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