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Packaged Facts Talking Store Trends at Retailing University
New York Ag Connection - 02/23/2018

The U.S. food retailing business has never been more competitive, says market research firm Packaged Facts, which recently published the report U.S. Food Market Outlook 2018. A number of trends are putting pressure on food retailers of all stripes, from supermarkets whose bread and butter is groceries to supercenters, drugstores, and convenience stores for which food is a smaller but still crucial part of the product mix, including:

- food deflation driven by heavy discounting;

- shakeups among major chains;

- heightened brick-and-mortar competition spurred by Germany-based discount retailers ALDI and Lidl; and

- the incursion of e-commerce onto the food retailing landscape.

Packaged Facts Research Director David Sprinkle will speak on the various other important trends specific to food and beverage sales at convenience stores. Sprinkle's presentation will be at Convenience Retailing University in Glendale, Ariz. The Convenience Retailing University event is intended to provide a superior learning environment for category managers, their teams and their supplier partners to gather insights and harness solutions.

As part of the presentation, Sprinkle will discuss the best practices for effectively integrating new food items while maintaining a focus on top-selling core options. The presentation will explore the entire center store, from packaged snacks to candy, health and beauty care to general merchandise. The goal is to forecast how these fundamental and emerging profit centers will look in the years to come, especially as they adapt to stay one foot ahead of disruptive forces from on-demand, direct sales.


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