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Issuers can also double down on rewards that deliver everyday value, such as fuel and groceries鈥攁nd redemption options that put cash in consumers鈥� pockets, such as earning cash back in a top spending category or redeeming cash rewards for direct deposit. Sources. Bloomberg. CBS News. CNBC. Congressional Budget Office. Consumer Financial Protection Bureau (CFPB).

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.

Politicians slammed British supermarket Iceland for its BNPL offering, which it claimed would help shoppers pay for food. And consumer advocacy groups like Citizens Advice want more oversight to protect BNPL consumers. Will it work? Partnering with StepChange can help Zilch鈥檚 customers manage their debt, and the fintech鈥檚 stance could win it new users and bolster its reputation.

The thing that I am going to be interested to find out is around grocery because I think a lot of what really annoys people about self-checkout on grocery is having to basically input and weigh the produce and the non-packaged goods. And I'm not sure if this technology is going to be able to solve for that, but in terms of categories like apparel, it should be in every store, absolutely.

The majority of 18- to 24-year-olds prefer supermarket self-checkouts to human cashiers, while preferences are almost evenly split among 25- to 49-year-olds, per a May 2022 survey by YouGov. But the technology can cause friction for older shoppers. More than 8 in 10 consumers 65 and older prefer to check out with a human cashier, per YouGov.

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.

And as a parent, the message that you have to spend more for the convenience of their delivery and marked-up groceries to spend more time with your kids doesn't really resonate. I can just go to Amazon and have the convenient delivery. Sara Lebow (18:27):. Spending more time with kids does not resonate with Sky. I get what you're saying. Sky Canaves (18:32):.

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.

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.

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.

When you look at some of the key areas in which inflation was really bothering people like grocery prices, it's been at one point something percent for almost this entire year, and yet consumers have bad vibes about the economy. (15:58):. But again, there's a disconnect between consumers' response to a survey and their behaviors. And so consumers are still spending.

MrBeast, Logan Paul, and KSI look to grab a share of the school lunch market: They鈥檙e integrating Prime Hydration and Feastables chocolate bars into a 鈥渂etter-for-you鈥� Lunchables-like product called Lunchly.

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.

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.

Dollar store consumers, especially lower-income households, are facing financial difficulties, relying on credit cards to cover necessities. Retailers like Dollar General and Dollar Tree are focusing on pricing and promotions to keep customers shopping, but there has been a decline in discretionary spending from middle- and high-income consumers, who may be turning to mass retailers like Walmart.

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.

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%.