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🛒 Bulk Buying Boom: Why Gen Z Loves Costco and Sam’s Club 🏷️ 🌟 Introduction Inflation has significantly impacted grocery shopping, with Gen Z adapting by favoring bulk stores like Costco and Sam’s Club. This article explores how inflation influences Gen Z’s grocery habits and the implications for the retail industry from a customer experience (CX) perspective. 📜 Historical Background Grocery shopping has evolved from local stores to supermarket chains, and now to bulk stores like Costco and Sam’s Club. These stores offer significant savings for those willing to buy in large quantities. 🏆 Significant Milestones • 1976: Costco opens its first warehouse. • 1983: Sam’s Club is founded. • 2020-2023: Inflation rates soar, pushing consumers to seek cost-effective shopping solutions. • 2024: Reports show a significant increase in Gen Z memberships at bulk stores. 🌐 Impact on Society/Industry Inflation has driven Gen Z to seek cost-effective shopping solutions. Bulk stores offer lower per-unit costs, helping mitigate financial strain. This trend reflects broader consumer behavior shifts, where convenience is traded for savings. Retailers are responding by enhancing membership benefits, expanding product lines, and emphasizing sustainability to appeal to Gen Z’s preferences. 🌟 Legacy and Future Outlook The trend of Gen Z favoring bulk stores may influence future generations. As inflation persists, cost-effective shopping will likely continue. Retailers must innovate to meet the demands of this tech-savvy, socially conscious generation. 💡 Conclusion Inflation has reshaped grocery shopping habits, with Gen Z leading the shift towards bulk purchasing. Retailers that adapt to these changes can gain loyalty from this influential demographic. Understanding and catering to Gen Z’s needs will be crucial for the retail industry’s success. 📢 Call to Action How has inflation affected your shopping habits? Share your experiences and thoughts on the future of grocery shopping in the comments below. Let’s discuss how we can navigate these changes together! https://lnkd.in/en-n22Hw #Inflation #GenZ #GroceryShopping #RetailTrends #Costco #SamsClub #ConsumerBehavior #Economy #CX #UX #RetailInnovation

The days of getting the weekly groceries at a single store are long gone with the trend of shopping at multiple stores growing. 🛒 Consumers are increasingly hitting up multiple grocery stores as they stock the fridge to save money and find exclusive items. Blame it on inflation and the rise of the private store brand. Learn more in my latest story for Axios with Mimi Montgomery. How many stores are you shopping at and is that number growing? Why do you personally shop at multiple stores? I'll start: My family shops at Costco, Trader Joe's, Aldi, Walmart, Target, Publix, Sam's Club and BJ's Wholesale for groceries. We shop at multiple stores to save money and for exclusive items. 🛍

A recent Canadian Grocer survey revealed that a whopping 82% of 1,000 respondents see price as the top factor in choosing their shopping destination! So, how can you keep your stores at the forefront of their minds? By boldly highlighting your weekly savings, special offers, and exciting BOGO deals throughout the aisles! Let’s transform those savings into a loyal customer base with eye-catching shelf talkers that enhance the shopping experience and capture attention! #ShelfTalkers #CustomerExpereince #GrocerySignage #DanaIndustries (Fitzgerald, S. 2024).  2024 Grocery IQ Study: Taking Stock of Grocery Shopper Attitudes and Behaviors. Canadian Grocery. Retrieved from https://lnkd.in/gJkfMrgg

U.S. grocers are adapting to #consumer shopping patterns in the face of #inflation. As households split their purchases among a wider variety of stores, #grocers are narrowing their product offerings rather than trying to be the jack of all trades in terms of product selection. This shift is prompting changes across #retail #supplychains, with stores focusing more on their private-label brands. According to Numerator, consumers bought groceries from an average of 20.7 different retailers over the past year, up 23% from four years ago. Sales of store brands were up 15% for the 52 weeks ended March 23 over the same time in 2022, according to AlixPartners.

Americans have more options than ever for food shopping. 2024 March Retail Trends data reveals the number of American adults buying food 🍎 at grocery stores 🏬 at superstores that sell groceries 🅿️ from online services for in-person or curbside pickup 🚚 from online services for delivery How is your target getting their groceries? Find out by accessing the Retail Trends Study! https://lnkd.in/ejAq8J7q

Harking back to the days before supermarkets, Americans are dividing their food shopping among more stores to save money. Consumers bought groceries from an average of 20.7 different retailers between March 2023 and February 2024 according to data firm Numerator, up 23% from the same months between 2019 and 2020. In addition to visiting more stores, shoppers are also traveling to cheaper ZIP Codes to shop and pursuing loyalty programs and promotions in greater numbers, retail analysts say. Treasure-hunt grocery shopping is the latest example of consumers changing their behavior in response to the higher of prices in our lives, from the homes we live in to the daycares where we send our kids. Now, with groceries taking up the highest percentage of household budgets in 30 years, more shoppers are driving all over town in pursuit of deals. Keeping the household grocery bill under $250 a week now requires stops at Costco, Target, Publix, Sprouts and more. #inflation #groceryindustry #retail Rachel Wolfe

𝐑𝐄𝐓𝐀𝐈𝐋 101: Both retailers and restaurants are feeling the pinch of a "more discriminating consumer" especially in lower income households. Couple this with inflationary pressures, and you have companies like McDonald's who reported last week of their first decline in US comp sales (0.7%) since 2Q2020. https://lnkd.in/e8yubyGX Big Lots, who previously reported a decline of 9.9% in comp sales back in June, may now close up to as many as 315 stores which would be about 23% of their total stores. https://lnkd.in/eHWvaryY So, what are comp sales anyway? In the retail world "comp sales" or "comparable sales" (and sometimes also referred to as "same-store sales") is a barometer that retailers and restaurants use to measure a store's current performance relative to a previous period. Comp sales helps these companies to assess the growth or decline of their existing stores. To calculate this, retailers and restaurants identify comparable stores that have been open for at least a year and are a similar size and merchandise mix as the store that is being analyzed. Then, they compare the revenues from the current period to the revenue from a similar period in the past. For example, if a retailer had $2 million in revenue last year and $2.5 million in revenue this year, the calculation would be: ($2.5 million - $2 million) / $2 million = 0.25 or 25% increase in comp store sales #Retail #RetailLasVegas #CompSales #ComparableSales #SaleStoreSales #McDonalds #ROICommercialRealEstate #Retail101

Articles like this can help kickstart new ideas to meet the needs of your customers! I recommend this quick read for all my connections running grocery, convenience, and FoodRx stores – plus everyone concerned about inflation's impact on shopper sentiment. Thanks for the read, Progressive Grocer!

July 4 Shopping Trends – Grocery stores are the retailer of choice for those purchasing items for the holiday. Coming in 2nd place was #Walmart while club & dollar stores tied for 3rd, according to Breaktime Media. See below for more insights! #4thofjuly #retail #cpg

The Fourth of July is right around the corner! 🇺🇸 🍔 Path to Purchase Institute recently highlighted our infographic that surveyed shoppers on how they're celebrating the holiday – from where they're shopping to what they're grilling up. Did you know that 41% of shoppers start shopping for their Fourth of July supplies a week in advance? For the full insights, check out the article! #fourthofjuly #shopperinsights #shoppermarketing #cpgmarketing #cpgs #retailmarketing #retail #shoppers #shoppingtrends #infographic #shoppingdata #shoppinghabits #adtech