Enticing Today’s Grocery Shoppers Is a Mix of the Old and New

Slides:



Advertisements
Similar presentations
Ten Reasons Why Newspaper Preprints Work Environment.
Advertisements

Feeling Good About Being a Grocer
Tech Sales Boost May Be Coming
Main Street Retail and the World
Excellent Early Forecast
The Aging of America According to US Census Bureau data, the number of Americans 65 and older will increase from 47.8 million as of July 2015 to 98.2 million.
Positive Gift Givers’ Market
Sales Increases Exceed Sales Decreases
An Economy in Need of a Pick-Me-Up
Men Make a Fashion Statement
Another Year of Stellar Sales… with More to Come
Travel Agents Are Still in the Game
2017 Could Be an Abundant Year
The Ruler of Retail According to The Association for Convenience & Fuel Retailing (NACS), 2014 revenues for the industry totaled $696.1 billion, with.
Surging Toward a Satisfactory Sales Season
Searching for Stability
Growth Gain Pain Regardless of who is doing the measuring, supermarket sales increased only marginally during Total grocery sales in all channels.
Looking back a year According to the 2016 Houzz State of the Industry Report, the general contractors (GC)/remodelers/builders category experienced.
Funeral Services Industry Today
Hardware Stores Hold Their Own
A Small-Business Success Story
Thunder Road Turnaround
Strong and Stable Although the average US monthly rents decreased by $3 during October, to $1,216, they still increased 4.4% year-over-year. Industry.
Sales Are Sprouting According to the US Bureau of Economic Analysis (BEA), US consumption of flowers, seeds and potted plants was $ billion for.
Status Quo Sales According to US Census Bureau data, total US retail jewelry stores sales were $ billion during 2015, only a 0.007% increase from.
The Up-and-Down Economy
Dollars Dominance The latest annual revenue numbers in Supermarket News’ 2016 Top 75 US & Canadian Food Retailers & Wholesalers list clearly reveal the.
Where Retail Isn’t Struggling
Happier Americans Are Bigger Consumers
Growing with the Economy
A Solid Economy for Spending
Broad Appeal Maximizes Sales
The Art of Understanding Men
Major Home Improvement Investments
A Red-Hot Market Cools During 2017
Energy Drinks Generated the Most Revenues
The Gift Market Rides the Coattails of a Strong Economy
Ecommerce Grabs More Holiday Shopping Dollars
More Users and Use, But Less Revenues
The Womenswear Market, Statistically
The Outdoors Is Big Business
Menswear Market Generates Significant Sales Increase
Modest Industry-Wide Revenues Increase
Men: The Coupon Opportunity
What Americans Like To Do With Their Time Off
Growing Faster Than the Conventional Food and Non-Food Markets
Big Box Is Big Business According to Fung Global Retail & Tech’s Warehouse Club report, Costco is by far the biggest player in the warehouse club industry,
More Choices Attract More Guests
Traditional Media Are Still Critical to Reach Consumers
Another Healthcare Sector Experiencing Growth
Online Grocery Shopping to Enter Mainstream Sooner Than Expected
Plenty of Toy-Shopping Alternatives
Agility Is the Winning Strategy for Children’s Apparel Retailers
The Economy Is Providing a Solid Base for an Excellent Back-to-School Shopping Season
2017 Footwear Sales Didn’t Leave Much of an Impression
Industry Revenues Improve, But Still Negative Numbers
A 20-Year Explosion in Pet Products Spending
Understanding Today’s Grocery Shoppers
Record-Breaking Holiday Spending Should Benefit Valentine’s Day
Another Holiday with More E-commerce Spending
Guests Still Don’t Widely Use Restaurant Technology
A Toast to a Growing Industry
On the Trail of the American Traveler
Weekly C-Store Shopping Patterns
Total US Physician Count at Almost 1 Million
Going the Extra Mile Although total 2016 fuel sales at US convenience stores decreased 9.2%, or $549.9 billion, compared to $574.8 billion for 2015,
UNDERSTANDING MILLENNIAL INSURANCE CONSUMERS
Too Many Boomers Still Own the Homes Millennials Want to Buy
In Search of a New Winning Strategy
Record-Setting Industry Sales Forecast
Presentation transcript:

Enticing Today’s Grocery Shoppers Is a Mix of the Old and New Food Marketing Institute (FMI) published a comparison of the results of its surveys from 1982 through 2019 of the top attributes that attract shoppers to a supermarket – and interestingly, they haven’t changed. The top six (in no particular order) are high-quality fruits, vegetables and meat; low prices; a clean, neat store; great product selection and variety; courteous friendly employees; and a fast checkout experience. New attributes are entering the list, however, such as self- checkout, online shopping services, organic products, nutritional and health information available for shoppers and recycling. Many, if not most, of these didn’t exist as choices during 1982.

Grocery Shopping Continues to Be a Major Daily Task According to Valassis’ 2K19 Coupon Intelligence Report, 42% of all grocery shoppers said “I plan my shopping and make purchases at various times throughout the day to fit into my busy schedule,” compared to 69% of parents and 74% of Millennial parents. Despite their widespread use of the digital channel, larger percentages of Millennial parents (70% or more) look at and use paper and printed coupons and store circulars than all shoppers, Millennials and parents. Millennial parents also look at online circulars, 70%; search for coupons online, 68%; and load e-coupons onto a loyalty/frequent shopper card, 67%, at higher rates than other grocery shoppers, but less than paper and printed coupons and store circulars.

Mom Is Still the Primary Grocery Shopper in the Family Being a mother today is challenging (as it always has been), as the latest data (2017) reveals 41% of mothers were “co-breadwinners” for their families and 23.2% were the sole breadwinner. The Valassis study found 52% of moms purchase all or most of their groceries in-store (just 27% of dads), 79% said the lowest prices are most important to them when choosing a store and one-third want to save time while grocery shopping. Technology is helping mothers, as 21% order groceries online for store pick-up, 21% order groceries online for home delivery, 18% order online from Peapod, AmazonFresh, etc.; and 28% use a smartphone app to scan barcodes while shopping.

Younger Adults’ Grocery Shopping Habits Recent IRI research found younger Millennials (born after 1990) are spending more for groceries than older Millennials who, likely because of starting families, are more value-conscious, buying private labels and downloading more online coupons. Older Millennials and Gen Xers are now spending more in the rapidly growing specialty foods category than Baby Boomers who were the top spenders – and specialty food consumers spend an average of 23% more/week. Although the oldest Gen Z members (18–22) are just a small percentage of the entire generation and many haven’t started families, 30% said they were their household’s only or primary grocery shopper, according to a 2019 Field Agent study.

The Meat Department Is Still #1 As briefly mentioned on page 1 of the Profiler, the meat department is a major attractor of grocery shoppers, in fact, its quality and selection as well as that of the produce department make them the top attractors, having displaced price as first. The meat department generates the most supermarket sales, or a total of $67 billion during 2018, which almost doubled the spending for an average shopping basket from $45 to $87. Although 86% of consumers described themselves as a meat eater, according to research from 210 Analytics, 10% are categorized as flexitarians, or general vegetarians who eat some meat. They are most likely to be interested in plant- based alternatives.

Consumers Can’t Shop for Groceries Without Coupons According to the Valassis study, 92% of consumers said they have ever used a coupon during 2019, a slight decline from 94% in the 2018 study, while 19% said they always use them, and 26% very often. Among Millennials, those percentages are even larger, with 94% saying they have ever used them during 2019, 30% always and 23% very often. 50% of consumers said they preferred mailed coupons, 44% from a newspaper’s coupon book, 42% paperless discounts to download to their shopper/loyalty card, 38% paperless discounts on their smartphone and 34% print coupons from the Internet.

Advertising Strategies Based on the table of information from Valassis on page 1 of the Profiler, TV is not only the best ad medium to build a grocery store’s brand, but also the most efficient medium to reach the Baby Boomers who are more likely to be in- store shoppers. With most mothers shopping for groceries in-store, grocers’ ad messages must not only emphasize low prices, but also promote how they manage and organize their stores to help mothers save time when shopping, which is important to one-third of them. To attract a maximum number of older Millennials and Gen Xers, local and regional groceries should consider expanding their specialty food offerings and allocate some portion of their ad budgets and placements to promote these attractive items.

New Media Strategies Grocery stores may want to create a feedback checklist of customer-attraction attributes on page 1 of the Profiler as a Website and/or social media survey and post it monthly, asking customers to indicate if they experienced these attributes during their shopping. Local and regional groceries can use social media content to grab a larger share of all age groups, with posts that both feature items at special prices and provide recipes and, more importantly, short videos about how to prepare and cook them. A digital circular is just as important as a printed one, but simply putting the artwork of the printed version on the grocer’s Website or social media is insufficient. The contents of the digital circular should be separated and become individual social media posts.