Recent grocery markets articles
Consumers around the world continue their broad efforts to save money at the checkout counter, but while low prices are important to shoppers, getting a good value for their money takes priority.
[read more]Rising gas and food prices have more and more consumers shopping at online grocers, according to Business Week. “One retail channel that is really winning now is online,” says Todd Hale, a senior vice-president at Nielsen.
FreshDirect, the largest online grocer in the New York area, is experiencing growth in a variety of areas, including ready-to-eat meals. “People are traveling less and eating out less,” says Steve Druckman, chief marketing officer at FreshDirect. The company reports that length of time between orders has shrunk by 20% in the last four months, …
Sales at UK grocery stores increased 5.8% year-over-year during the latest three-month period ending August 9, 2008, with food inflation continuing to drive the sector’s growth.
Sales were strongest at large, out-of-town supermarkets, where 7% year-over-year growth was recorded. In contrast, sales growth at large, centrally-located grocery stores slowed to just 1% year-over-year.
Food retailers who trade on value and price propositions also performed well. Iceland saw 13% year-over-year sales growth, while Morrisons grew by 9.1% over the same three-month period last year.
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