AI IN GROCERY

By harnessing AI technologies, these significant players reshaped the digital grocery landscape, setting new standards. Let's delve into the strategies and initiatives undertaken by these key players, shedding light on the remarkable ways in which AI reshaped the grocery industry in 2022.

Amazon, the global e-commerce and technology giant, announced its impressive financial results for the first quarter of FY 2023. With a focus on revenue growth, cost optimization, and strategic investments, Amazon showcased its ability to adapt to changing market dynamics and customer demands.

The grocery retail industry is at the forefront of digital disruption, experiencing a seismic shift in today's rapidly evolving landscape. In this article, we examine the operational disruptions faced by grocery retailers and explore strategies for embracing digital transformation to thrive in this dynamic environment.

In the first quarter of fiscal 2023, BJ's Wholesale Club showcased its strong performance and continued growth, underscoring the success of its member-centric model and strategic initiatives. The launch of the co-brand credit card program, aimed at driving higher member lifetime values and market share gains, played a significant role in achieving these milestones.

In the third quarter of fiscal 2023, Costco Wholesale Corporation demonstrated resilience and achieved significant milestones despite various challenges in the retail industry. Net sales for the quarter reached $52.6 billion, marking a 1.9% increase compared to $51.61 billion in the previous year's third quarter.

Headquartered in Minneapolis, Minnesota, Target Corporation is among the top 10 retailers in the United States of America, with an FY2021 total revenue of nearly $106 billion.

Headquartered in Arkansas, United States of America, Walmart Inc. generated USD 572.8 billion in total revenue in the fiscal year 2022, comprising primarily USD 567.8 billion in net sales.

Tesco, based in Welwyn Garden City, United Kingdom is one of the biggest grocery shops in the UK with revenue of £57,887m in the 2021 Fiscal year.

Headquartered in Issaquah, WA, Costco is a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise.

Big Lots, Inc., a community retailer with more than 1,400 Big Lots stores across 47 states, is headquartered in Columbus, Ohio.

Digital sales in May 2023 were nearly $10.0 billion. Digital sales in April 2023 were $9.9 billion. While digital sales witnessed a 19.8% YoY growth, they remained flat this year with only 1.1% MoM growth.

Q1 2023 digital sales at $29.9 billion accounted for 13.9% of overall grocery sales. The share of digital sales witnessed a slight dip of 0.9% in Q1 2023 compared to Q1 2022.

February 2023 digital sales at $9.8 billion accounted for 13.8% of overall grocery sales. Digital sales saw a marginal growth of 2.1% in February 2023, compared to February 2022.

Digital sales were 14.7% of overall grocery sales in January 2023. While digital sales were marginally better in Jan'23 compared to Jan'22, its contribution to the overall grocery sales dipped slightly.

Digital sales contribution to overall grocery sales witnessed a dip until May 2022, as shoppers returned to the stores. Digital sales picked up from June 2022, witnessing the highest contribution of the year in November 2022 (17.1%).

Grocery Doppio conducted research to understand how U.S. grocers view the current opportunity and challenges in growing their private brand business. The analysis was conducted in Q4 2022.

Grocery Doppio conducted research to understand how US grocers and their CPG partners view the current opportunity and challenges in monetizing retail media. The analysis was conducted from July 2022 - August 2022.

Incisiv and Wynshop partnered to assess the performance of the online business for US-based grocery retailers. The analysis was conducted between April 2021 - June 2021.

Incisiv's annual Digital Maturity Benchmark assesses top grocery retailers' digital channel capabilities. The benchmark is composed of the top grocery retailers across 4 different industry sub-segments. This is a summary of the key findings of 2021.

Learn about the decrease in grocery price, Wakefern’s new sampling tech, New York’s ongoing wine debate, Trader Joe’s new CEO, and AI in Grocery.

Explore Shoptalk 2023 recap, grocery Q1 digital performance, Giant Eagle's CEO change, grocers' ongoing sustainability efforts, and much more.

In its pursuit to serve its customers better, Walmart has hit many milestones in the past year. Here is a look at some of Walmart’s major milestones.

Private brands are key to modern grocers’ growth strategies. Ongoing success, however, requires an overhaul of traditional digital marketing approaches.

Discover grocers’ ChatGPT plans, Rhode Island’s proposed self-checkout restrictions, how to boost your private brand digital marketing, and much more.

This is the first in a series of short monthly videos designed to get you up to speed on the top five grocery news items from the past month.

In this webinar, we will detail key data points around the performance of the grocery industry for the first half of the year and will highlight significant trends.

In this webinar, we will detail key data points around the performance of the grocery industry for the third quarter of the year and will highlight significant trends.

In this webinar we will discuss the key insights from the Grocery Doppio’s Q1, 2023 digital performance report.

In this session, we detail key data points around the performance of the grocery industry for the first half of the year.

Join Grocery Doppio, Wynshop, and FMI for an informative webinar on the current state of private brand growth in the US grocery industry. During this webinar, our panelists will discuss the key challenges and opportunities facing grocers in growing their private brand business,

In this webinar we give a walkthrough of the findings of the State of Digital Grocery Performance Scorecard for Q3 2022.

In this session, we discussed detail key data points around grocery industry performance in 2022 and will highlight significant trends including digital performance, shopper behaviour and grocer investments.