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The program covers dozens of brands and requires uploading images of grocery receipts. To encourage engagement, loyalty programs have to offer straightforward rewards, low barriers to entry, and more compelling benefits.

But when you are shopping around or just going online to go on Amazon and see what's for sale, you might buy some household essentials. You might buy some of the stuff that you would buy normally, but it's a few dollars cheaper, so you decide to buy it before you're out of paper towels, for example. Sara Lebow (08:41):.

On today鈥檚 podcast episode, we discuss the future of the bank branch. 鈥� In our 鈥淗eadlines鈥� segment, we chat about why banks are closing so many branches and how consumers want more digital experiences. 鈥� In 鈥淪tory by Numbers,鈥� we explain what Curinos defines as branch share and why it used to account for more primary new accounts than it does today. We also discuss the value of closing a branch in order to save operating expenses in a low-rate versus high-rate environment. 鈥� In 鈥淧retend CEO,鈥� we look at regional banks and their deposit portfolios in a high-rate environment. Listen to the discussion with host Rob Rubin and Curinos director Andrew Hovet.

It's not a Canada-specific problem to see inflation affecting grocery store pricing, however, the report outlined a significant concern that three grocery giants were unfairly manipulating the market. Loblaw, Sobeys and Metro own the vast majority of grocery stores in the country, often under different guises.

What's your prediction on when we're going to see Just Walk Out more widely adopted or let's say adopted in grocery stores? David Morris (17:28):. I'd go back, if it's grocery stores, large supermarkets, several years. I mean, there's a huge runway for just walkout and in other store formats, and I think it's going to be a matter of years until that's perfected at scale for a supermarket.

I remember we had launched a whole sort of digital store research area when I was at Forrester. I think it must've been back in around 2010 or something. And even back then there was caution over investing in these digital in-store technologies. And I think it's the same sort of concern right now is how are we going to maintain these things?

Walmart is the top destination for groceries, Target for apparel and shoes. Amazon鈥檚 recent inroads into grocery have not yet disrupted Walmart鈥檚 position as the nation鈥檚 No. 1 grocer. Last year, 77% of Walmart+ Weekend shoppers bought groceries, more than doubling Target and quadrupling Amazon in the category for their respective events.

looking for lower prices than supermarkets and major grocery retailers like Walmart, or just because they live in food deserts where they don't even have easy access or convenient access to a larger supermarket, so they have to turn to these stores, and it's really hard to find grocery items for less than a dollar that aren't going to be very tiny and not that useful.

While intermediaries鈥� share of ecommerce sales (grocery or otherwise) will remain relatively flat for the next couple of years, they鈥檙e still a long-term threat to traditional retail. But there鈥檚 an opportunity for retailers to use intermediaries鈥� strategies against them.

Grocery sales surged during previous royal events, including the Queen鈥檚 Platinum Jubilee in 2022 and the wedding of Prince Harry and Meghan Markle in 2018. A similar uplift is likely as UK consumers celebrate the coronation. People are planning coronation parties.

To convince investors that it鈥檚 got the tech to propel both its grocery and advertising business, it鈥檚 enlisting the help of AI. This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

Indexed Online Sales. Retail Media Ad CTR.

Today's story is a June 13th story from Marketing Week titled, trust in supermarkets falls to nine-year low as consumers feel ripped off. This data is UK specific, but I'd imagine we're seeing something similar in the US. Consumers feel grocery stores are charging more money for less.

I think actually it was starting with digital, digital, digital. But through that to the point of diversity, you could advertise in certain channels that you are gay-friendly, your gender-neutral in your practice, but also prices. Cost is big for this generation, if they can see that they can get a price. I mean, that's why maybe a lot of them use telehealth because the price is right there.

Both retailers used generative AI to improve employee productivity in Q2鈥擶almart leveraged the tech to improve its product catalog and Target used it to enhance in-store employee tools. Target鈥檚 curbside pickup service helped it grow digital comparable sales 8.7% YoY, while Walmart鈥檚 marketplace and sales of GLP-1 drugs contributed to its 4.2% comp sales growth YoY.

At the same time, I think the combination that they offer of dining place and shopping place is very powerful and one that I think more supermarkets and grocery chains will try to leverage. I know I see my local chain here, HEB, they're expanding their Dine-in or restaurant offerings in their newer supermarkets, in their newer stores. So I think that's a lasting trend.

A majority (73%) of consumers surveyed in February 2023 said they are spending more on groceries and less on experiences in the previous six months. Back in August 2022, 65% said the same. Half of consumers in the February survey said they have started saving more of their income. Categories Where Consumers Cut vs. Spend Remains Fairly Steady.

But at the end of the day, for me, I would say understanding how much people have saved because that's what they're using to spend money on extras, not the groceries, right? And then understanding how much people are in debt probably. It's two things together, savings and debt. And then what I thought is frightening 'cause every retailer is also reading the news, right?

AR/VR tech is most in demand for online shopping. Retailers including Nike and Toms have experimented with VR experiences in stores. But only 20% of 18- to 26-year-olds鈥攖he age group most likely to use the technology鈥攚ant to see it in stores, versus the 30% who want to see it online, per Klarna. Online checkout technology is helping tackle cart abandonment.

The company dominates online shopping. It's got about 40% share of the market in the US. They've got Amazon Web Services, its cloud offering, AWS. It's incredibly profitable for the company. It actually made over $5 billion in profit for the company in Q2 alone. They're also the third largest digital ad player in the US behind Google and Meta.

I think Arielle may have mentioned from the Jungle Scout, the 43% of Gen Z consumers, they start their online product searches on TikTok, which is a lot higher compared with Google. So it definitely makes sense. It's probably not a surprise, but the numbers are pretty astounding. Sara Lebow:.

On today's podcast episode, we discuss what finding products online will look like in 2025, if Target's new membership program can stack up against Amazon Prime and Walmart+, how ads on chatbots will change advertising, how to make stores more fun places to shop, what the world's first "ketchup insurance" offers, how Americans use dating apps, and more. Tune in to the discussion with our vice president of content Suzy Davidkhanian and analysts Evelyn Mitchell-Wolf and Carina Perkins.

On today's podcast episode, we discuss what's driving online store sales for Amazon, its outlook on brick-and-mortar, and how its ad business is continuing to outperform the market. Tune in to the discussion with host Marcus Johnson, director of Briefings Jeremy Goldman and analyst Rachel Wolff.

And then a grocery store, you're not going into to browse with the exception of some really exciting grocery stores. So yeah, I mean, it's not the place where you expect to see an iPad that you can play around on. Arielle Feger:. And I think the more collaborative or engaging the tech is, the better. Consumers love to feel included in part of what a brand is doing.

People need that money for groceries, potentially. Yeah. The reasons behind this fascinating. So it'd be worth digging a little bit deeper to figure out why but yeah, a lot of those rates. Overall, it had gone up a bit when you look at just playing any sports. So that's positive. But when you look at people playing sports teams and certain groups of people, it is down.