As online shopping becomes more popular, Nielsen and FMI forecast 74.7 million U.S. households will be omnichannel shoppers by 2025.
read moreFrom Sept. 3 to Nov. 12 this year, there were 143 executive changes in the food industry, compared to 157 during the same period in 2018, according to The Food Institute's data.
read moreThere have been 515 executive changes in the food industry during the first eight months of 2019—30% more than a year ago, according to Food Institute data.
read moreNow extended to 48 hours, Amazon's longest ever Prime Day will be massive for every category, especially in food.
read moreAs we move into 2018, analysts and investors have begun to predict what mergers will occur in the new year. Many companies are rumored to be interested in sales and acquisitions, while others are facing pressure from investors to make a change.
read moreIt seems that Target doesn't want to sit on its laurels.
read moreSeveral years ago, a supermarket that took the major step of implementing an e-commerce program was seen as a technologically advanced company, staying so far ahead of the competition that it was sure to be at the head of the industry. Now, simply having an online grocery program has...
read moreE-commerce in the food retail industry has moved from being an extra perk that tech savvy businesses can offer customers to a necessary service that retailers must have in order to stay competitive. Even chains that already offer online grocery shopping are adapting to make their programs more attractive, user-friendly and affordable.
read moreAh, yes. Millennials: everything you thought you knew is wrong, and everything you thought was right is about to change. In some variation or another, this headline gets repeated throughout the year as writers try to explain the attitudes, cultural nuances and, perhaps most importantly, spending habits of the most maligned and ambiguous population to ever live in the U.S.
read moreWholesale retailers used to be frequented solely by restaurant owners and consumers with large families, but they are now taking a bigger bite out of the food retail market. Consumers of all ages and incomes are beginning to see the benefit of the wholesale club model, even for specialty, organic and gourmet foods.
read moreAfter facing tough times with its enormous data breach and subsequent class action lawsuits, Target has been working hard to get customers back. It seems every few months there's a new development in the company's turnaround plan, whether it be it's focus on
Not many could foresee the growth Target would achieve in such a short timeframe. The company first opened in 1962 in Roseville, MN, and by 1972, the company had expanded to 46 locations. By 1982, the company had expanded beyond the central U.S., and by 2008, there were 1,600 stores across the nation.
read moreConsumer habits are continuing to shift due to COVID-19, particularly to digital shopping.
read morePrivate label products were among the top five sellers by dollar sales in 95 out of 122 total food and beverage categories tracked during the 52 weeks ending Oct. 6, according to Food Institute analysis of data provided by IRI, a Chicago-based market research firm (@iriworldwide).
read moreTarget is phasing out its existing private label brands for a new food and beverage brand called Good & Gather.
read moreFollowing Target's news that it would acquire delivery startup Shipt for $550 million back in December, the industry was abuzz with speculation of how this would affect rivals. Analysts were particularly interested in seeing how the merger would impact fellow food delivery company Instacart, which, at the time, was a partner of Target.
read moreIt was but a few moments after I clicked "SEND" on Today in Food that the buzz around the office started: Target was buying Shipt for $550 million. So let's dive on in to this news.
read moreGrocery chains are facing a changing consumer landscape, and that means that the food retail industry must make some changes as well.
read moreTarget will no longer sell Hampton Creek products at its stores after allegations of food safety issues and mislabeling. The retailer, Hampton Creek's largest client, is not aware of anyone falling sick from the products, but alerted the Food and Drug Administration to the allegations.
read moreAs the competition in the grocery sector heats up, retailers are being forced to lower prices and increase convenience in order to keep their customers from jumping ship in favor of another store. As more types of retailers successfully transition in to full-fledged food sellers, the competition will only get more fierce.
read moreSales in the grocery industry are never easy to come by. It takes an experienced leadership team, motivated department managers, an effective supply chain and qualified employees to find those sales. That doesn't even take consumer demand, market conditions, evolving tastes and growing competition into account. Suffice it to say, running an effective grocery chain can be a daunting task.
read moreGrocery store checkout lanes are not usually customers' favorite place. Waiting in line and being begged by their kids or tempted by their sweet tooth to buy candy, soda and chips can be an uphill battle, but some retailers are on a mission to change that.
read moreTarget has had its ups and downs over the past two years or so. It all started with a data breach that impacted tens of millions of customers, forcing the company to upgrade its technology and security, and ultimately testing its ability to regain consumer trust. Data breaches are unfortunately somewhat commonplace in today's economy, but that doesn't mean it's easy for customers to forgive a company after it's hacked.
read moreCONTACT US
201.791.5570
questions@foodinstitute.com
10 Mountainview Road
Suite S125
Upper Saddle River, NJ 07458
NEED HELP?
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."
Copyright © 2020, Food Institute, LLC
