Get the scoop on our acquisition with Progressive Grocer's standout coverage. https://lnkd.in/eTKzTWrK #Halla #Wynshop #Gorcery #GroceryEcommerce #GroceryPersonlization
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GroceryTech 2023 marks the first time the Progressive Grocer and RIS News | Retail Info Systems News communities came together to ponder the next evolution of the grocery industry, and the response was overwhelming. Were you unable to join us? Check out our complete recap of all the sessions and valuable takeaways. https://ow.ly/Fpl450PkICn #retail #retailnews #grocerytech2023 #grocery
The First Annual GroceryTech Conference Dives Into Scaling With Personalization, Captivating Grocery and Technology Executives
risnews.com
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Insider’s insights: high street will see a resurgence in 2024 "In an exclusive interview with Ed Bradley, the visionary behind Virtualstock, Europe’s largest dropshipping and curated marketplace SaaS platform, a compelling narrative emerges challenging the pervasive notion of the high street’s demise. Bradley provides key insights into why he believes the high street is not fading away but rather undergoing a metamorphosis that will propel it into a new era of retail dominance." by MOHAMED DABO at GlobalData Plc Ed Bradley Virtualstock Marks and Spencer Waterstones #retailnews #retailoutlook #highstreet
Insider’s insights: high street will see a resurgence in 2024
retail-insight-network.com
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Senior Vice Dean for Innovation and Global Initiatives at The Wharton School, startup investor, Amazon Scholar
Every year many fantastic #startups are launched at The Wharton School and BetterBasket (YC W24) is among them. It quickly made it into Y Combinator because it solves an important pain point for retailers - price optimization. This is one space where AI has a huge potential but most retailers currently do not take advantage of it. If you work in #retail do connect with BetterBasket (YC W24) to learn how to optimize for higher margins!
BetterBasket (YC W24) is the first end-to-end pricing solution for grocers— built from the founders' (Leon Zhang and Vagelis Viskadouros) experience launching Uber’s grocery platform. With prices more volatile than ever, 95% of American consumers are changing their shopping habits. Grocers need data-driven recommendations to keep up, and BetterBasket is already optimizing prices with retailers across North America and LatAm to increase margins and sell-through. BetterBasket collects pricing and product info and uses a matching algorithm, powered by AI and computer vision methods, to create an up-to-date and accurate centralized product repository. This database allows them to generate “apples to apples” price comparisons across merchants, geographies, and categories. Their algorithms then produce automated pricing recommendations tailored to their customers’ unique strategies and targets to achieve the optimal outcome based on current conditions. Congrats on the launch, Leon and Vagelis!
Launch YC: BetterBasket - Pricing for Grocers | Y Combinator
ycombinator.com
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BetterBasket (YC W24) is the first end-to-end pricing solution for grocers— built from the founders' (Leon Zhang and Vagelis Viskadouros) experience launching Uber’s grocery platform. With prices more volatile than ever, 95% of American consumers are changing their shopping habits. Grocers need data-driven recommendations to keep up, and BetterBasket is already optimizing prices with retailers across North America and LatAm to increase margins and sell-through. BetterBasket collects pricing and product info and uses a matching algorithm, powered by AI and computer vision methods, to create an up-to-date and accurate centralized product repository. This database allows them to generate “apples to apples” price comparisons across merchants, geographies, and categories. Their algorithms then produce automated pricing recommendations tailored to their customers’ unique strategies and targets to achieve the optimal outcome based on current conditions. Congrats on the launch, Leon and Vagelis!
Launch YC: BetterBasket - Pricing for Grocers | Y Combinator
ycombinator.com
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11x National Marketing Award winner as CMO of The Fresh Market I 30 Most Influential Marketers on LinkedIn in 2022 I CMO Innovator of the Year in 2021 I Voted Best Grocery Store in America 2021, 2022 and 2023
Fantastic article on Digital Transformation and Digital Maturity. A Must Read. Thanks Grocery Dive for including The Fresh Market in your extensive coverage and reporting on a topic that is top of mind for everyone, whether you are a regional grocer or not. Please take note of Firework CEO Vincent Yang's key insights. They have been a terrific partner for us in this space. https://lnkd.in/gJ6eSWRB #digitaltransformation #digitalmaturity #videocommerce #firework
How regionals are updating their corporate structure to accommodate digital
grocerydive.com
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The bottom line is that to be a future-proof retailer, you need a 'multi-channel' consumer offering. In UK grocery, if you're a pure play online grocer, you only have an 11% market share to shoot at. And, if you're a pure play physical grocer, you miss out on that growing online piece of the market share pie. ➡️Pure play (online or offline) grocery constrains your addressable market ➡️Multi-channel grocery maximises your addressable market #omnichannel
How online grocers failed to topple bricks and mortar rivals post-pandemic, an interesting take on consumer shopping habits in The Times. Isabella Fish's article this weekend highlights the strength of the omnichannel model for UK grocers, reinforcing SUPR’s investment case for targeting these stores. "Experts believe that multichannel retailers — those that sell both online and offline — will be the real winners over the coming years.” Over the Christmas period, Britons made c.488 million trips to supermarkets, spending c.£13.7 billion according to Kantar. Online's market share in grocery has fallen from a Covid peak of about 15% to around 11% now. This shows levels remain greater than pre-pandemic, with online grocery permanently enlarged, so online shopping habits have changed for ever – but the pure play online operators lack the flexibility to adapt to shifts in shoppers’ behaviour. The latest Retail Review report from Stifel Bank states that “with the majority of shoppers still preferring to primarily shop either in-store or both in-store and online, we view multi-channel retailers as best placed to succeed”. Omnichannel grocery is at the core of SUPR’s strategy, we target high performing stores in strong catchment areas which offer consumers flexibility in how they shop. Read the original article: https://lnkd.in/eWdkHcdB
How online grocers failed to topple bricks and mortar rivals
thetimes.co.uk
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🚀 Exciting News from Instacart Ads! 🚀 Wow Bao, the beloved Asian fast-casual brand, has skyrocketed their sales by advertising with us—QUADRUPLING their sales since October 2023! 🎉 From their iconic Chicago location to nearly 700 virtual restaurants and over 6,000 grocery stores, Wow Bao’s innovative products and strategic ads have driven incredible growth. 🌟 Geoff Alexander, Wow Bao’s CEO, shares: “Instacart fills the need for quick, seamless grocery delivery options, and our customers couldn’t be happier.” Want to see similar success with your brand? Discover how Instacart Ads can amplify your growth. 🔗 Read the full story here below! #InstacartAds #BrandGrowth #DigitalMarketing #Ecommerce
Wow Bao has Steaming Success — Quadrupling Sales on Instacart
https://www.instacart.com/company
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"Data from Schnuck Markets, Inc. shows that Caper Carts have handled more than 10% of sales on busy days at a store where only 10 Caper Carts were deployed along with around 160 traditional carts. Schnucks shoppers who use smart carts tend to buy more items than people who don’t use the carts," Fidji Simo, CEO of Instacart, on our partnership with Schnucks. Read Grocery Dive's full story covering Instacart's first-quarter earning call here: https://lnkd.in/gc4rNkw5
Instacart sees smart carts as key growth driver
grocerydive.com
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Show wrap ups... The biggest trade shows in the grocery industry recently made waves when it comes to understanding trends in brick-and-mortar and e-commerce grocery. Here are the highlights 👉🏽 https://ow.ly/ApnI50R9Bq1 #foodretail #grocery #supermarket #expowest #ngashow
The Top 3 Trends at The NGA Show and Expo West
progressivegrocer.com
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Ryan is great at spotting the real stories in Uncrowd data. M&S versus Waitrose is going to be THE fight to watch this year in grocery. M&S are where the smart money is right now, but all it takes is for Waitrose to be prepared to look and and then act on relative attractiveness data for them to take the fight right back to M&S. And it's interesting looking at this as a customer journey as Ryan has; there is a theory among our customers, and I think they are right, that how you do early in the journey sets up the likelihood of the later parts of the journey to actually win sales. For Waitrose & Partners here, that's a clear problem: they're beating Marks and Spencer in merchandise, discovery, even price and value - but before they get to that win, they lag well behind in emotional and physical orientation. That's so much down to the brilliant work of M&S in making first impressions count. For me, AND for the data, current Waitrose formats are a bit dreary. But 'dreary' lacks specificity, luckily Uncrowd data provides that too. Happy to share that precise insight with the Waitrose team whenever they're ready to benefit. #grocery #retail #genuineoffer
Demonstrating the value of PR within FMCG, Luxury and Lifestyle | Enterprise BDM at CARMA
"You could argue we should have overtaken [Waitrose & Partners] already" - Marks and Spencer CEO Stuart Machin. It's only a matter of time really. Waitrose, once the cream of the crop in terms of the "posh" grocers, has lost its confidence, torn between maintaining it's premium standing and catering for cost-conscious consumers. The result is a watered-down version of what it once was. On the other hand, M&S has doubled down on its premium positioning and it shows: they were recently named one of the UK's fastest-growing grocery retailers, largely the result of winning middle-class shoppers from its rivals. Machin said that the focus should be on "a bit more selling and serving". A key part of this when it comes to their food offering is discovery, a phase of the customer experience where they lag behind Waitrose (see image below).* Most, if not all, of the variables in this phase are linked to conversion and ATV. It's a very Reward-heavy phase including product curation, inspiration in store, and product surfacing and recommendation. However, a key part of this phase are the Friction variables around choice, i.e. how much choice customers experience when they shop. It's around choice where M&S have ground to make up; Waitrose hold a commanding lead, being almost perfect across choice depth and missing categories. The size of store formats may be restrictive for M&S in terms of bolstering choice, but it's a key area to improve for driving conversion and ATV, and the overtaking of Waitrose. *Data is from Uncrowd's public data capture in the run up to Christmas 2023, released as our Sleighing It! report. The customer journey performance is through the lens of our "Splashing the Cash on Christmas" customer story - a perfect indicator for premium performance.
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