IRI and Boston Consulting Group, a global consulting firm, have released their 11th annual Growth Leaders report. The report analyzes the growth performance of hundreds of large, medium and small public and private CPG companies and highlights drivers of success in today’s market. “The leading CPGs in 2022 won by delivering pricing-led growth while maintaining or driving demand […]
Category: Marketing News
Posted inMarketing News, National
Americans Believe Grocery Profits Are Higher Than Reality
Americans believe that grocery retailers are earning a 35.2 percent net profit margin, 14 times higher than their actual net profit margin average of 2.5 percent. They also think that food-at-home inflation is 24.3 percent, double the annual rate reported by the U.S. Bureau of Labor Statistics, according to the latest dunnhumby Consumer Trends Tracker. In the third […]
Posted inMarketing News, National
Survey Shows Grocery Prices Straining Household Budgets
More than half of American households say grocery prices are straining their budgets, according to a nationwide survey by marketing research company Decision Analyst Inc. The firm, based in Dallas/Fort Worth, Texas, recently conducted a study titled “Consumer Foresight: Beyond The Pandemic, Into Economic Uncertainty.” Among the study’s areas of focus was the effect of […]
Posted inMarketing News, National
LOC Software Looks To Provide ‘Next Generation Solutions’
LOC Software delivers solutions designed to allow more frequent, profitable and manageable transactions. The Canada-based company is “gearing up for a huge 2023,” according to Rene Stai, head of marketing. “Our ePOS offer is in the pipeline, allowing for a web-based point of sale. Our teams have been working hard to provide next generation solutions […]
Posted inNational, Marketing News
Companies Merge To Become Largest Fresh Food Sales Agency
Irving, Texas-based Epic Sales Partners has been established to become the largest independent, commonly-owned and -managed food sales agent in the U.S., focused on providing grocery retailers with fresh food and consumer-relevant brands. The company brings together more than 35 years of experience as “fresh food catalysts” by combining the Premier Sales Solutions, Maher Marketing, […]
Posted inOnline Grocery Technology, Marketing News, National
Incisiv Shares Findings From Retail Innovation Survey
Incisiv and Toshiba Global Commerce Solutions have announced the findings of an executive survey, titled “State of the Industry: Innovation in Retail.” The study found that 17 percent of retailers can be considered true innovation leaders, despite the majority recognizing the critical importance of innovation for future growth. The study, which surveyed 233 retailers, found that innovation leaders […]
Posted inMarketing News, Amazon Fresh, Southeast, Whole Foods
Acosta Predicts Consumer Opportunities, Challenges For Retailers
Jacksonville, Florida-based Acosta has announced its 2023 predictions, identifying several opportunities and challenges for brands and retailers to reach their consumer as they navigate a dynamic and uncertain marketplace. “The economic challenges of the past year will continue to impact consumer behavior in 2023, providing overarching context for what shoppers most care about and how they […]
Posted inMarketing News, Southeast
Riteway Sales And Marketing Announces New Carolina Director
Lakeland, Florida-based Riteway Sales and Marketing has named Jamie Mann as director of the company’s Carolina office. Mann will head the expansion into the Carolina market, bringing a suite of tools and services to the area. He had previously been part of Riteway’s South Carolina sales team. “We are highly confident that Jamie will be […]