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Just to piggyback off what Sara said, Instacart had wildly massive growing revenues just very quickly whenever the grocery delivery space was in its infancy and they're backing off of those, and Instacart needs to find ways to keep that growth going. They got to keep their investors happy.

It saw an uptake in market share in terms of grocery sales, but Walmart also saw a slowdown in discretionary spending and so their margins shrink. Sara Lebow:. Jeremy, anything to add to Walmart? Jeremy Goldman:. Just building on the Sam's Club point, I think what's interesting is that they said that their membership count reached an all time high.

Well, I think when you look at grocery and healthcare, this is a perfect example of two industries that are already super established, and if Amazon wants to carve out a slice of these industries, particularly with grocery within the digital grocery niche, then, yes, it's still an area worth investing for them.

Over half (58%) of Gen Zers don鈥檛 like advertising that interrupts the content they鈥檙e watching, per an NCSolutions survey cited by Supermarket News. Gen Z pays the most attention to social media ads, with 37% saying that video ads on social, in particular, have the most influence on what they purchase, eat, shop, or watch, per CivicScience.

These include its discounted resale products app Shopsy that launched in 2021, the online grocery business Supermart that the company introduced in 2019, and its on-demand services platform鈥攚hich offers customers a range of installation, repair, and cleaning services. Flipkart and Amazon have both opened up their logistics arms.

Walmart's low prices omitted an attractive destination for groceries among wealthy households. So, groceries are a sector where I think any level of income will be very happy to cut costs, but the fact that it's made such a dent with wealthy consumers or more affluent consumers, is pretty interesting because it's interesting that that is what has attracted this demographic.

Yeah, I mean, this is the thing where I buy groceries, I complain about grocery prices, and then I still buy a $7 coffee the next day. Becky Schilling (03:40):. I just have to remember that retailers are smart and they can sense how consumers are feeling.

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.

And the other thing that goes with this is that for private label, according to supermarket news, around 20% of sales in grocery are from private label. And that grew 11% at outpaced regular eCommerce growth last year, and definitely retail growth last year.

By offering collection from other locations鈥攕uch as local grocery stores鈥攔etailers can increase convenience for their customers while also reducing queues in their own stores. Sources. Appinio. Barclays. Capgemini. Censuswide. MetaPack. Spryker.

I don't think it's a good thing for grocery stores though because I think you lose out on potential impulse purchases of people walking through the aisle. The second one I put, might remind me that I need something that I didn't think I needed because it's pinging me, at 50%.

Andrew: Yeah, it feels more like a fulfillment center than a grocery store in many respects. Marcus: Right. And that's a different experience entirely. A final question here, Andrew, what are you paying closest attention to with Amazon in the coming months?

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.

Starbucks has not been doing well for a long time, and even though they've tried to do quote, unquote, innovation, their ex-CEO came in from a CPG background and they thought maybe that would help at least with a different sort of sense of products maybe at the grocery store, and even that hasn't really worked in their favor.

So if you had to guess, folks, real quick before we move to another section here is, do you think that people paying for things with their hands or with their faces out in grocery stores is going to be a thing we're going to see?

I still use my SKU card at the grocery store. Suzy Davidkhanian:. Do you? Sara Lebow:. It is frictionless for me as a person who always has my keys on me. I think if it were any bigger it would be a little friction filled. It would probably be even more frictionless if it was on my phone. But yeah, I still use my SKU card at the grocery store. Suzy Davidkhanian:.

Golden Ratio (gold coffee) and Umami cart (Asian groceries) rounded out the top five gainers with website traffic growth rates of 258% YoY, while TRIP (CBD-infused drinks) fell just outside the top 10. Health and nutrition brands are also finding a D2C customer base.

They're trying to move into grocery and CPG. And I haven't seen the evidence yet that it's working out particularly well. I don't know if consumers are looking at DoorDash and thinking, I'm going to use that for grocery delivery. But they will do it for Gopuff. That's what Gopuff is known for. So why not just buy your way into that market?

Nestl茅 targets GLP-1 users with line of nutritious frozen meals: The CPG company sees an opportunity to gain an early advantage as consumers shift to healthier options.