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Perhaps because retailers are using more tech-driven strategies, the number of displays in grocery stores has been on the decline since 2018, with general food, alcoholic beverages, and beauty products seeing the most declines, per Q3 2023 data from Circana.

Following a successful redesign of two locations in the Chicago area, Amazon will continue to roll out more Amazon Fresh grocery stores next year. The lesson for retailers: If you want to invest in a new channel, you may have to switch up your strategy while maintaining your brand identity. Identify ways you can enhance the customer experience without overwhelming shoppers.

CPGs that continue to raise prices run a serious risk of losing loyalty and market share as financial pressures drive consumers to look for deals in the grocery aisle, and the quality (and perception) gap between national and store brands narrows.

There are still opportunities for brands and retailers in the areas of grocery, personal care, pets, and household goods. But they need to pick the right subscription models to satisfy more budget-conscious consumers. Essential goods that are replenished on an even cadence fit the subscription model the best. Food and snacks, skincare items, pet products, and supplements all meet this description.

That鈥檚 largely due to the types of items people bought as over half of Walmart+ shoppers bought groceries during the event鈥攁bout two times more than the share of Prime shoppers who did so. The big takeaway: Walmart is still in its 鈥渂eginning stages鈥� of building out Walmart+, said CFO John Rainey during the Evercore ISI Consumer & Retail Conference in June.

While grocery and consumer packaged goods remain the core of retail media鈥檚 growth, many specialty retailers have been jumping on the bandwagon, including Best Buy and Chewy. The channel鈥檚 growing popularity has also produced retail media partnerships between brands, publishers, and media platforms.

Consumers have been flocking to the retailer because of its low grocery prices, and with additional deals on other categories, its Walmart+ Week is likely to see plenty of traffic. Target鈥檚 foot traffic growth has been more muted than Best Buy and Walmart, but Target鈥檚 Circle Week could be a great way to lure consumers in-store with deals and discounts.

This should drive debit gains in top categories like grocery, pharmacy, online-only retailers, and big-box stores. Ecommerce Routing Hits Debit Revenues. US regulations governing debit routing will expand to card-not-present payments this summer. Issuers will be required to give merchants multiple network options to route transactions.

Braintree, for example, is focused on ticketing and tied up with Live Nation, whereas Adyen partnered with Instacart, which could offer inroads into online grocery.

As competition intensifies, BNPL firms are expanding into industries like healthcare, housing, and grocery shopping. And companies having a harder time accessing credit presented opportunities to expand into business payments. The increased competition has also driven BNPL firms like Klarna to launch non-BNPL products. Banks and payment giants are embracing BNPL.

The respondents worked in the retail sector (including do-it-yourself/home improvement, drugstores, grocery, liquor, mass merchandisers, and warehouse clubs/wholesalers with annual revenues of at least $100 million. Simbe is an in-store technology provider.

Why it matters: Grocery retail sales are expected to reach $1.569 trillion in the US this year, with $204.61 billion coming from online purchases, according to our forecast. As consumers get more comfortable with shopping online, Walmart found that consumers choose where to shop based on key values like competitive pricing, the availability of high-quality items, and data security.

Clothing, groceries, and beauty products are popular digital purchases. How seamless payments, social commerce, and loyalty apps are driving mcommerce growth. A previous version of this story noted unique visitors. The chart shows visitors.

The tool will build a grocery list around nonspecific questions, like, 鈥淲hat鈥檚 a good summer meal I can prepare in under an hour?鈥�. Instacart is an example of how even as casual use of ChatGPT declines, professional and retail use cases are still very much alive. Top fashion retailers experiment with AI search. ChatGPT and Instacart aren鈥檛 the only companies leveraging AI search.

Walmart and Instacart are outperforming Amazon in digital grocery, which could prevent the company from market share gains in food and beverage and health/personal care/beauty. So far, Amazon has held off competition from Temu and Shein, but the upstarts could stunt future growth in categories like apparel, footwear, and accessories. Read the full report, US Amazon Ecommerce Forecast 2024.

While it remains to be seen whether the company鈥檚 customers will embrace the opportunity to arrange for furniture assembly or landscaping services through the platform, the success of other initiatives, including a travel booking service and grocery delivery, is empowering Uber to look for more expansion opportunities.

Why it matters: Instacart鈥檚 ability to generate high-margin retail media dollars could help the company offset a slowdown in its core grocery delivery business. But it isn鈥檛 a cure-all. After all, the advertising business is dependent upon the growth of its delivery business.

But we expect its retail tech innovations鈥攆rom advanced store analytics to Dash Carts鈥攚ill give it an edge in grocery overall. More like this:. Report: Retail Loyalty Programs. Article: Super Saturday expected to draw record number of shoppers. Article: 5 retail trends that will shape 2023: social commerce, retail media, and more.

Real-life example: Using visual sensors, Grocery TV can activate ads when a customer comes near, but only when they鈥檝e also been exposed to a digital display ad as well, which maximizes ad exposure and overall effectiveness. The sensors are able to monitor the duration and frequency of customer engagement with the content. 2. Beacons.

The use case: Kroger is leveraging cloud data analytics, AI, and machine learning to boost worker productivity via task and store management applications, per Winsight Grocery Business. These tools provide employees with staffing information, stocking needs, a standardized audit checklist, and a customizable walk path to help associates evaluate store conditions.

Twenty-two percent of Anywhere purchases were made at discount and specialty stores; 15% were made at grocery stores; and 9% were at restaurants. Klarna preps for an IPO after releasing its own subscription service. Klarna rolled out Klarna Plus to US customers in January as part of its profitability push before going public.

Rewards should change with spending patterns, potentially focusing on everyday spending like groceries rather than travel to attract savings-conscious consumers. Embrace alternative payment methods. Higher rates could give nontraditional payment plans like buy now, pay later (BNPL) a chance to steal market share from credit cards as consumers seek out more flexible and interest-free payment options.

Klarna expanded its tie-in with Marqeta to bring physical cards to the US and launched BNPL products focused on groceries. A partnership in the UK with Deliveroo, for example, drew some criticism鈥攂ut it also helped Klarna widen its reach and revenue streams. Partnerships may become crucial to helping Klarna sustain growth as recession fears mount. Acquisitions became less frequent.

Walmart鈥檚 strengths lie in grocery, retail media, but fulfillment spells an opportunity. How ecommerce powers Amazon鈥檚 success in 5 charts. US Alcohol Ecommerce Forecast 2023 (Insider Intelligence subscription required). More Chart of the Day:. 6/16 - Retail it like it is. 6/15 - Direct-to-success. 6/14 - Buyers without borders. 6/13 - Top of the funnel to you. 6/12 - YouTube鈥檚 retail rush.

When someone bags my groceries, I'm like, what a luxury. Carina Perkins (12:09):. We saw the big grocery players in the UK like Tesco follow Amazon in that just walkout tech store format. And it was interesting to see the reaction. Aldi did it as well, and they had a real backlash here with people outraged that they couldn't pop in and buy something. They had to download an app or scan a QR code.