But there's a hitch The Kroger Company consistently shows up at the top of any list identifying the largest food retailers in the United States as they operates 2,750 stores, including some that operate under the Ralphs, King Soopers, and Dillon's and various other banners and brands. In FY 2023 Kroger reported [...]
As inflation drives prices higher across grocery store aisles, more shoppers turn to lower-cost store brand cereals providing similar flakes, puffs, and clusters often produced just minutes down the road. Unit sales for private label cereals sold primarily at chains like Aldi, Trader Joe's, Costco and Kroger climbed 6% over the past [...]
The food retail industry is undergoing an unprecedented technological revolution. Supermarkets and food retailers across the globe are rapidly embracing innovative technologies, fundamentally transforming their operations, supply chains, and customer engagement strategies. This article explores five key technologies that are at the forefront of this revolution, each accompanied by real-world examples to [...]
Private label store brands account for a growing portion of food sold at retail. Figures vary by country, retailer and category. Dairy and bakery, for instance, have a higher share of private label sales than others. In the United Kingdom, private label brands have an even higher share of the market, accounting [...]
The U.S. food industry is estimated to be worth about $1.157 trillion. According to the USDA, this accounted for roughly 5.4% to the U.S. gross domestic product (GDP) in 2021. The figure includes the output of America’s farms, which contributed about 0.7% of U.S. GDP. Sectors related to agriculture rely on agricultural [...]
In the 1960s, the US government began requiring food manufacturers to include nutrition facts on their labels. Since then, food labeling has become increasingly regulated in order to provide consumers with accurate information about what they're eating. In 1990, the Nutrition Labeling and Education Act (NLEA) was passed which required most prepackaged [...]