Acosta Group’s Post

🚨 In a recent Acosta Group survey of CPG manufacturers, 73% identified today’s value shopper as their biggest challenge over the next 18 months. As shoppers continually hunt for deals, dollar stores are becoming a popular destination for routine purchases. Does your dollar store strategy measure up? 📏 Check out insights from Acosta Group’s latest Shopper Community study and discover how to connect with these shoppers and boost ROI in this channel: https://lnkd.in/g5YcSf7C #DollarStores #RetailInsights #Value

Higher prices (vs. more units sold) are boosting grocery profits. Even if inflation abates, high prices will continue to squeeze our budgets and reinforce price-conscious grocery habits. Expect more consumers to keep costs down by sticking to: 🍎 Buying less 🍊 Discounters 🍋 Dollar stores 🥑 Deal-seeking 🍇 Private labels 🍓 Value-tier goods 🍌 Switching to cheaper brands See the recent RetailWire article and add your thoughts, too: https://lnkd.in/gCp8G9pS   How, if at all, have your grocery shopping habits changed this year? #retail #ecommerce #grocery #CPG

U.S. grocers are adapting to #consumer shopping patterns in the face of #inflation. As households split their purchases among a wider variety of stores, #grocers are narrowing their product offerings rather than trying to be the jack of all trades in terms of product selection. This shift is prompting changes across #retail #supplychains, with stores focusing more on their private-label brands. According to Numerator, consumers bought groceries from an average of 20.7 different retailers over the past year, up 23% from four years ago. Sales of store brands were up 15% for the 52 weeks ended March 23 over the same time in 2022, according to AlixPartners.

The amount of retail space per capita in the U.S. has fallen to its lowest level in decades, as more shoppers shift to online shopping. This has led to a wave of closures and bankruptcies among brick-and-mortar retailers. However, there are still opportunities for investors in the retail space. Properties in certain sectors, such as grocery and convenience stores, are still in high demand. To learn more: https://bit.ly/3rhG7v8 #CRE #CRENews #Brokers

The amount of retail space per capita in the U.S. has fallen to its lowest level in decades, as more shoppers shift to online shopping. This has led to a wave of closures and bankruptcies among brick-and-mortar retailers. However, there are still opportunities for investors in the retail space. Properties in certain sectors, such as grocery and convenience stores, are still in high demand. To learn more: https://bit.ly/3rhG7v8 #CRE #CRENews #Brokers

The amount of retail space per capita in the U.S. has fallen to its lowest level in decades, as more shoppers shift to online shopping. This has led to a wave of closures and bankruptcies among brick-and-mortar retailers. However, there are still opportunities for investors in the retail space. Properties in certain sectors, such as grocery and convenience stores, are still in high demand. To learn more: https://buff.ly/48VXHWn #CRE #CRENews #Brokers

The days of getting the weekly groceries at a single store are long gone with the trend of shopping at multiple stores growing. 🛒 Consumers are increasingly hitting up multiple grocery stores as they stock the fridge to save money and find exclusive items. Blame it on inflation and the rise of the private store brand. Learn more in my latest story for Axios with Mimi Montgomery. How many stores are you shopping at and is that number growing? Why do you personally shop at multiple stores? I'll start: My family shops at Costco, Trader Joe's, Aldi, Walmart, Target, Publix, Sam's Club and BJ's Wholesale for groceries. We shop at multiple stores to save money and for exclusive items. 🛍

The amount of retail space per capita in the U.S. has fallen to its lowest level in decades, as more shoppers shift to online shopping. This has led to a wave of closures and bankruptcies among brick-and-mortar retailers. However, there are still opportunities for investors in the retail space. Properties in certain sectors, such as grocery and convenience stores, are still in high demand. To learn more: https://bit.ly/3rhG7v8 #CRE #CRENews #Brokers

Today’s average grocery shopper visits up to five banners a month, per 2023 data from FMI- The Food Industry Association. That increase in cross-shopping behavior — where customers visit and spend at various stores with the same grocery budget — is driven by a need for more value. And it’s enabled by continued expansion from national retailers and big-box stores, as well as dollar stores expanding their grocery mix. Why does it matter? The costs to operate a grocery store have risen faster than the prices they charge, putting independent and regional grocers between a rock and a hard place. Given consumers’ price sensitivity, grocers are limited in how much they can raise their prices without encouraging even more shoppers to compare items across stores. And, considering the tight margins grocers are working with today, lowering prices could have a significant negative impact on their bottom line. I think this recent dive into what’s behind recent grocery shopping behavior changes is a smart way to frame the stagnancy we’re seeing across the industry right now. What are your thoughts?  https://lnkd.in/gsssrkHD #groceryindustry #consumergoods #inflation #loyalty

Great Information! While the focus and understanding of your Shopper are essential and front and center, Retailers' understanding of the cost to serve is paramount, especially as these costs (labor, COG, utilities, etc.) continue to rise. It seems like it's time to turn back the clock, to the days of Category Management, focusing on the 4P's - Product/Assortment, Price, Promotion, and Placement/Space, and understanding cost-to-serve DPP/ABC (Direct Product Profit and Activity Based Costing). Retailers and Brands alike cannot afford to ensure every dollar spent drives unit (consumption) and at what cost.