Shopper

Hope on the Horizon: CarGurus Q1 2024 Report Reveals Inventory and Demand are Rebounding as Prices Improve

Retrieved on: 
Monday, April 8, 2024
EV, Environment, EVS, Research, Rest, Inventory, Shopper, Online shopping

“Rebounding inventory and moderating prices are fueling pent-up demand in spite of high interest rates.

Key Points: 
  • “Rebounding inventory and moderating prices are fueling pent-up demand in spite of high interest rates.
  • Our research shows sales for both new and used vehicles are, so far, outpacing last year’s levels,” said Kevin Roberts, Director of Industry Insights & Analytics at CarGurus.
  • “While it’s still challenging to find that elusive affordable car, there’s hope for additional price declines as prices normalize closer to inflation-adjusted levels.
  • Unlike inventory trends for more affordable options, shoppers in this segment have access to a 133% increase in inventory compared to Q1 2020.

Vallarta Supermarkets to Optimize Store Assortments with RELEX Solutions

Retrieved on: 
Wednesday, March 27, 2024
Discount, Variety, Department Stores, Other Retail, Transport, Supermarket, Convenience Store, Food, Beverage, Logistics, Supply Chain Management, Retail, Culture, Growth, Logic, SVP, Vallarta Supermarkets, Shopper

Vallarta Supermarkets , a regional U.S.-based grocer, has selected RELEX Solutions , provider of unified supply chain and retail planning solutions, to support their growth and improve efficiency.

Key Points: 
  • Vallarta Supermarkets , a regional U.S.-based grocer, has selected RELEX Solutions , provider of unified supply chain and retail planning solutions, to support their growth and improve efficiency.
  • Vallarta Supermarkets will use space and assortment planning capabilities from RELEX to better utilize space, increase product availability, and ultimately, to support their customer-first founding principle.
  • For more than 35 years, Vallarta Supermarkets has been bringing families together over fresh and authentic food.
  • Using RELEX, Vallarta Supermarkets will have data-driven insights to better understand the performance of individual categories and assign the right amount of space to each category and each product in each store.

Shoppers Drug Mart Launches Recycling Program for Quo Beauty™ Cosmetics

Retrieved on: 
Monday, March 25, 2024
TerraCycle, Beauty, Recycling, Partnership, PETA, SVP, Golden, Enterprise, Shoppers Drug Mart, Woman, Plastic, Shopper

TORONTO, March 25, 2024 /CNW/ - Shoppers Drug Mart Inc. ("Shoppers Drug Mart") is making strides toward its commitment to reduce plastic waste with the launch of the Quo Beauty Cosmetics Free Recycling Program .

Key Points: 
  • TORONTO, March 25, 2024 /CNW/ - Shoppers Drug Mart Inc. ("Shoppers Drug Mart") is making strides toward its commitment to reduce plastic waste with the launch of the Quo Beauty Cosmetics Free Recycling Program .
  • In partnership with international recycling leader TerraCycle, the new program introduces a convenient solution for customers to recycle empty Quo Beauty cosmetics components and keep plastic packaging from going to landfills and incinerators.
  • For each pound of cosmetics waste shipped in through the recycling program, $1 will be donated to Shoppers Foundation for Women's Health™ .
  • The following Quo Beauty cosmetics components are eligible for recycling:

Sales of Chocolate and Candy Reach All-Time High of $48 Billion in 2023

Retrieved on: 
Monday, March 11, 2024
Reward, Season, Research, Candy, Holiday, Report, Analytics, National Confectioners Association, Chocolate, Shopper, Retail

AVENTURA, Fla., March 11, 2024 /PRNewswire/ -- Confectionery sales hit $48 billion in 2023, a number largely driven by inflation, according to the 2024 State of Treating report published today by the National Confectioners Association. The report projects that U.S. confectionery sales will reach $61 billion by 2028.

Key Points: 
  • The report projects that U.S. confectionery sales will reach $61 billion by 2028.
  • Why it matters: More than 98% of American consumers purchased chocolate, candy, gum, and mints in 2023.
  • Consumers seek out chocolate and candy to help enhance holiday seasons, family celebrations, and those important 'treat yourself' moments."
  • Chocolate and candy play important roles in celebrations and holidays, as a reward, a little escape, a gift, or to share with others.

Bazaarvoice 2024 Shopper Preference Report: Return to Office Boosts Physical Shopping, with Over 50% Spending More In-store

Retrieved on: 
Thursday, February 29, 2024
Social media, Research, Consumer, UGC, Shopper, Pleasure, Food, Commerce, Behavior, Health, Beauty, Online shopping

As more workplaces adopt hybrid work models, 64% of U.S. consumers have returned to a physical office for a part of their work week.

Key Points: 
  • As more workplaces adopt hybrid work models, 64% of U.S. consumers have returned to a physical office for a part of their work week.
  • Research shows that consumers are recalibrating their spending habits accordingly – 53% of those returning to work are spending more money in physical stores compared to online platforms.
  • As brands and retailers navigate market turmoil, Bazaarvoice's research highlights a vital requirement for them – focus on optimizing both their physical and digital shelves.
  • To hear from industry leaders about how they’re navigating the ever-evolving customer journey, you can register here to attend the Bazaarvoice Summit 2024 (March 5-6).

Insite AI Launches Shopper AI™: Delivering the ‘Why’ Behind Shopper Behavior Trends, Powered by Predictive Analytics and Generative AI

Retrieved on: 
Thursday, March 7, 2024
Technology, Supermarket, Software, Convenience Store, Food, Beverage, Data Management, Supply Chain Management, Retail, Artificial Intelligence, Online Retail, Architecture, EVP, Club, CPG, Shopper, Walmart, M12, Public key certificate

Shopper AI from Insite AI harmonizes a brand’s disparate sources of shopper data, mines for insights and provides an immediate AI-powered shortcut to actionable recommendations.

Key Points: 
  • Shopper AI from Insite AI harmonizes a brand’s disparate sources of shopper data, mines for insights and provides an immediate AI-powered shortcut to actionable recommendations.
  • Insite AI can help brands make this data actionable through Shopper AI.
  • Shopper AI goes beyond the data to review certain market conditions, price elasticities, demand transference, shifts in shopper behavior and more.
  • Shopper AI goes much further, leveraging AI to explain what the data means and suggest a plan of action,” said Kristine Joji, EVP, strategy consulting, Insite AI.

Clean Label Products Driving Retail Sales as They Gain Preference Among Consumers, Per New Acosta Group Study

Retrieved on: 
Thursday, March 7, 2024
Organic certification, Social media, Woman, Research, SVP, Marketing, Shopper, Generation Z, Food, NOT, PST, Legislation, FACTS, Millennials, Environment, Online shopping

JACKSONVILLE, Fla., March 7, 2024 /PRNewswire/ -- Acosta Group has released the results of its recent Clean Label Insights Study with its proprietary Shopper Community in advance of Expo West, providing brands and retailers insights into the growing value shoppers place on clean label in purchasing decisions as well as their attitudes on regulations pertaining to product ingredients, including the California Food Safety Act of 2023.

Key Points: 
  • Acosta Group's deeper dive into clean label comes shortly after the release of its five retail   predictions for 2024, one of which stated that consumers will prioritize what's NOT in their products.
  • While all consumers may not be aware of recent regulatory legislation, 83% of shoppers are already knowledgeable about clean label products or have heard the term.
  • "Our research further defines shopper priorities, preferences and generational differences around clean label products," said Kathy Risch , SVP, Thought Leadership and Shopper Insights, Acosta Group.
  • Importantly, 57% of shoppers trust retailers' clean label efforts, with that number rising to 77% for households with kids, according to the Acosta Group study.

Orases Proudly Announces Team Members Promoted in Q1 2024

Retrieved on: 
Thursday, February 22, 2024
Business analysis, Programmer, Growth, Shopper, Business analyst, Software, Shopper marketing, Management

FREDERICK, Md., Feb. 22, 2024 /PRNewswire-PRWeb/ -- Orases, a leading software development company specializing in innovative digital solutions, announced the promotion of several team members in recognition of their outstanding contributions and commitment to the company's mission and values.

Key Points: 
  • - Nick Damoulakis, President and CEO, Orases
    Tom Geiger, who joined Orases in 2022 as a Senior Business Analyst, has been named Director of Business Analysis.
  • Tom's strategic insight has made him an invaluable asset to Orases, and he will now lead the talented Business Analyst team.
  • Will Lewis, a valued member of the Orases team since 2019, has consistently demonstrated technical expertise as a Software Developer, and has been promoted to Senior Software Developer.
  • Chad's dedication to providing exceptional support to clients makes him a valuable member of the Orases team and led to his promotion to Senior Support Technician.

Rä Foods Bolsters Leadership Team with Seasoned VP's of Marketing and Sales

Retrieved on: 
Thursday, February 1, 2024
Sprouts, Growth, Moses Austin, Frito-Lay, Marketing, Science, Tyson Foods, Pennsylvania State University, Auburn University, Danone North America, Mission Foods, Bread, Digital marketing, Mikey, MBA, Shopper, Food industry, Acquisition, CPG, Foodservice, University, Avocado, Management

SOUTHLAKE, Texas, Feb. 1, 2024 /PRNewswire/ -- Rä Foods, a pioneer in food tech and functional foods, announced that Stephanie Browder and Christopher Williams recently joined the company as Vice President of Marketing and Vice President of Sales, respectively, reporting to Barry Didato, President of Rä Foods.

Key Points: 
  • SOUTHLAKE, Texas, Feb. 1, 2024 /PRNewswire/ -- Rä Foods, a pioneer in food tech and functional foods, announced that Stephanie Browder and Christopher Williams recently joined the company as Vice President of Marketing and Vice President of Sales, respectively, reporting to Barry Didato, President of Rä Foods.
  • Stephanie Browder is a dynamic marketing strategist who brings a wealth of experience in marketing for multi-million dollar brands.
  • "Expanding the volume and depth of distribution for Wild About Sprouts, Mixmi Frozen Yogurt and Wild About Bread is among the most critical objectives I have for Rä Foods," said Barry Didato, President of Rä Foods.
  • Added Browder, "I am thrilled to join the Rä Foods team and look forward to leveraging my experience to broaden our brands' impact.

The Future of AI-Assisted Inventory Management: Lotlinx Sentinel Helps Dealers Mitigate Inventory Risk

Retrieved on: 
Monday, January 29, 2024
Sentinel, Artificial intelligence, Kia, Forecasting, Partnership, Pacific Northwest, VMP, Risk, Shopper, SIS, Machine learning, Marketing, Vins, Data, Ageing, Growth, Car dealership

PETERBOROUGH, N.H., Jan. 29, 2024 /PRNewswire/ -- Lotlinx, the auto industry's leading VIN-specific data company for dealership inventory management, recently launched Lotlinx Sentinel – a highly evolved vehicle risk mitigation platform.

Key Points: 
  • Sentinel pinpoints risk, automatically allocating marketing resources to offset aging and markdowns, ultimately improving dealer performance and profits.
  • The evolved Lotlinx VIN Management Platform (VMP) is powered by Lexaca, the company's new AI-assisted chatbot featuring the industry's largest dealer inventory dataset.
  • Lexaca can answer questions about a dealer's inventory down to the VIN level to help them make strategic decisions and seize new opportunities.
  • Sentinel and Lexaca are powered by the Lotlinx VMP, delivering customized business tools to dealers to help them reduce inventory risk, increase profits and better serve customers.