Because grocery stores generate FFPs as a byproduct of their operations, it effectively becomes a revenue source.
Author Archives: Peter Cooke
Grocery POP! is a mission-driven consultancy focused on supporting food retail with “Performance through Operational Precision.” Grocery POP! is transforming food retail operations through data-driven insights, sustainable practices and measurable performance improvements through their POP-through processes.
Posted inIndependent Store News, Guest Contributors, National, News, Sustainability News
Building Resilience – Grocers Can Strengthen Insurability Through Climate Preparedness
What does it mean for a business to be resilient – and what is your business doing to get there? If the COVID-19 pandemic taught us anything, it’s how essential grocery stores are to the communities they serve. For many, it was the first time they fully recognized the critical role these businesses play – […]
Posted inIndependent Store News, Guest Contributors, National, News
Tell Your Story, Tell Your Story, Tell Your Story
When it comes to sustainability and resource management, we typically think of workplace practices like energy efficiency, food waste diversion, recycling and refrigerant management. These aspects of food retail have the potential to provide significant benefits to the bottom line when managed resourcefully. But managing these aspects effectively provides another benefit – it helps the […]
Posted inSustainability News, Guest Contributors, National, News
Close The Freezer, Open The Margin – Ratchet Effect Of Energy Efficiency
From leaky gaskets to overnight heat loss, small inefficiencies add up fast. As we continue our sustainability series on resource management, we focus this month on the benefits of energy efficiency and how effective energy use can positively impact the bottom line. Alongside labor, a grocery store’s electric bill is typically one of its highest […]
Posted inSustainability News, Guest Contributors, National, News
A Resource In The Wrong Place – The Economics Of Grocery Waste
Merchandise loss, also known as shrink or food waste, poses a persistent economic challenge for grocery stores. While the topic may not always provoke an emotional response, by the end of this article, you may find yourself reflecting on the true cost of waste. In fact, you might say you’ve WEPT – a helpful acronym […]
Posted inSustainability News, Guest Contributors, National, News
Reduce Turnover By Engaging Employees; Cut Costs With Better Resource Management
As shoppers, we know the feeling of a positive shopping experience when helped by an engaged associate. According to Gallup (2023), companies with highly engaged employees provide an enhanced customer experience, increased customer retention, improved shopper satisfaction, stronger word-of-mouth and reduced churn, resulting in 23 percent higher profits. Conversely, disengaged associates cost employers $8.8 trillion […]
Posted inGuest Contributors, National, News, Sustainability News
Effective Resource Management Strategies For Cutting Costs, Driving Profits
The most important business in every community is the local grocery store. It is the most visited. It is where the most money is spent, outside of housing and transportation. It supplies more than two-thirds of calories consumed. During the pandemic, the industry had record profit margins. From 2020-22, profit margins averaged 2.73 percent, reaching […]