Supermarket chain Publix Super Markets is beloved for its deli sub sandwiches, or “pub sub” as customers call it. These days, the retailer wants to be known for more than its prepared food offerings.
For decades, #Publix has been synonymous with the Sunshine State — generating a loyal following among its customers. The company was founded in 1930 in Winter Haven, Fla., and has since grown to a footprint of about 1,367 stores — largely across Florida, Alabama, Georgia, North Carolina and most recently, Kentucky. Through this expansion, the Florida-based grocery chain has grown significantly. In 2023 Publix’s revenue was $57.1 billion, a 4.7% increase from $54.5 billion the previous year. Its net earnings for the fiscal year 2023 were $4.3 billion, a 49% jump compared to $2.9 billion in 2022.
Read more: https://buff.ly/3vBqfpn
How can locally owned convenience stores compete with national grocery chains in 2024?
One company, Hunt Brothers Pizza, offers a simple, innovative strategy that adapts with regional market conditions.
Check out the story from CStore Decisions below for some pizza prosperity.
🍕🤑🍕
It is very interesting to see this concept come back with a rebranded format from. I'm very curious to see how this plays out longer-term as Amazon seeks to expand their grocery footprint.
I think this can be a positive force for change if more of these stores are located in areas with low food access, AND they accept SNAP/WIC benefits.
That being said, I also think this is likely Amazon pushing the private/generic 365 label and utilizing these stores as a test run into the prepared food/fast-casual restaurant market.
What do you think of this?
Whole Foods Market announced Monday it is debuting a new small-format store aimed at providing urban neighborhood residents with a quick, convenient shopping experience.
The first Whole Foods Market Daily Shop will launch in New York City and the specialty grocer plans to bring the format to other cities across the country.
The announcement comes several years after Whole Foods shuttered its small-store concept with the lower-priced 365 store format.
#grocery#WholeFood#WholeFoodsMarket#Amazon#smallstoreformat#newstoreformathttps://lnkd.in/eJryRjKM
There are about 350 Krispy Kreme locations in the US and over 14k McDonalds. What an absolute monster of an opportunity for both of these chains.
Some takeaways from my perspective:
1. Increasing reach
Only those without tastebuds have ever had a Krispy Kreme donut and didn’t enjoy it. The kicker is that not everyone has had that opportunity given the limited availability of the chain. This move simply offers the brand more exposure at one of the leading breakfast locations.
2. Breakfast’s limited competition
McDonald’s making this move is smart simply because breakfast doesn’t have as much competing. The chain has tried to innovate in the space for years, adding McCafe options, including muffins and pastries. I expect those didn’t perform quite as well, so the donuts will be a nice addition to that space.
(Personally, I’ve always been a cinnamon role fan with a 3:1 frosting to roll ratio.)
3. Donut think Ozempic will be an issue
Someone will make it a point this isn’t smart for McDonald’s because of the trend in GLP-1’s. That’s an easy comment against it, but there’s so much more upside.
What do you think?
#retail#consumerbehavior
Change is afoot and venerable Market Hall Foods is, sadly, not immune as they close their Berkeley location while keeping Rockridge in Oakland open. These are tough but necessary choices that reflect the push and pull of increasing cost and uncertain demand. This follows recent closures across the country including Foxtrot and Dom's Kitchen & Market. Folks often lament these closures and posit what they believe to be the issues driving the moves, but the below article lays in stark relief some of the commonalities that thread through the industry as it hits some inevitable bumps.
Contrary to what we have all long believed, more and bigger is not always better, and there is no shame in taking three stores to two, or two to one, if it means that the core business model and consumer value proposition can remain viable and healthy, if not compelling. Let's patronize our specialty retailers and be intentional about supporting not only them, but the smaller producers they feature that are vital to our food and beverage ecosphere!
#retail#retailclosing#specialtyfood#retailtrends#supportsmallbusiness
As consumers cut back on expenditures, premium brands face an existential question: Should they shift their differentiated position to a low-price message or focus on their unique value and distinctive benefits?
For example, should BMW shed its hundred-year-old image of being known for producing high-quality, meticulously crafted cars—"The Ultimate Driving Machine"—to become low price? Would that approach even work?
When premium brands try to increase market share by going downmarket while retaining their reputation for quality, they often confuse customers, dilute brand meaning, and allow competitors to claim the title.
Steve Jobs knew this challenge when he returned to Apple for his second stint at the helm. Apple was in bad financial shape, and Jobs faced intense pressure to lower prices to compete with cheaper mass-market products. His response to investors: “There are some customers which we chose not to serve."
Many years later, Apple tried to go downmarket with a cheaper iPhone, it failed because it was antithetical to what the brand stood for. When Harley-Davidson made cheaper products, it nearly bankrupted the company and destroyed one of America's greatest brands.
I empathize with Whole Foods's challenge to address the "Whole Paycheck" perception, but instead of trying to erase this clever, sticky, and indelible cultural meme, I suggest leaning into this perception and owning it in a way that turns it into a brand advantage. Target did this for a while with "Tarjay," the faux French accent meme that reminded customers their products were decidedly chic but affordably worth it, distinguishing them from other mass-merchants.
Some will say food is different, but if Wegmans decided overnight to become a low-priced brand, it would erode the incredible market value they've established over many decades. Secondly, it would fail because there's too much perceptual equity in being a deliciously differentiated brand. Instead, Wegmans continually reminds its loyal customers why the brand is worth the slight premium, particularly in tough times when other sacrifices have to be made.
Our society is obsessed with living longer, eating healthier and knowing where its food comes from and how it is made. Instead of trying to become just another ordinary grocery store, I wish Whole Foods reminded customers why good, healthy, sustainable food should cost slightly more than low-price options.
#grocerystores#supermarkets#foodretail#food#health#organic#natural#branding#strategy#business#retail#business#sustainability#stores
For years, Whole Foods Market Foods has been trying to chip away at its high-price image with sale tags and Prime membership discounts. But this strategy appears to have accelerated in recent months as the specialty grocer tries to win over shoppers who are also stopping by discount grocers, supermarkets and even Walmart stores to fill up their fridges and pantries.
The writing is on the yellow tags. But can the Amazon-owned grocer really shed its “Whole Paycheck” reputation?
Story by Peyton Bigora, with valuable insight from Anne Mezzenga and Neil Saunders.
Moran Foods Inc, the parent company of Save A Lot allegedly cited the store’s slow financial performance as the reason behind the upcoming closure. But, the history of South Dallas’s Save-A-Lot is more complex than that.
Yellow Banana, LLC is a retail grocery operator of Save A Lot stores under its umbrella in Cleveland, Chicago, Milwaukee, Jacksonville and Dallas. Yellow Banana is owned by a parent company called 127 Wall Holdings, LLC. On Sept. 7, 2021, an announcement was made that 127 Wall Holdings, LLC’s subsidiary Yellow Banana, closed a deal to buy 32 Save-a-Lot grocery stores in Cleveland, Chicago and Milwaukee for over $130m.
The sale was reportedly made to encourage “local ownership”. Then, on Nov. 2 2021, an announcement was made that Save-a-Lot had expanded their partnership with Yellow Banana, selling 6 more corporate stores in Texas and Florida, bringing Yellow Banana’s Save-a-Lot store count to 38, one of which included the South Dallas/Fair Park store.
Check out the link below for the entire story.
By Sam Judy
Contributed by Marlissa Collier
Video by Judah Agbonkhina
#iamdw#savealot#southdallas#fooddeeserts#blackcommunity#browncommunity#foodinsecure#healthcrisis#cityofdallas#blackbusiness#whoownssouthdallas#moranfoodshttps://lnkd.in/gAdg8DNH
Ever wonder how a small snack company conquers giants like Walmart and Publix?
Andy Shirk shares the inspiring story of how Beer Nuts did it.
He embraced the digital gold rush and then “selling trucks, not cases.” But, it wasn't all smooth sailing.
Beer Nuts took on the challenge of selling food directly to consumers—it wasn't a smooth ride, but it had its perks!
Landing Walmart wasn't a walk in the park, but it taught them valuable lessons in streamlining operations.
Listen now and explore the highs, the lows, and the unexpected turns on Beer Nuts' digital journey.
Find the link to the entire conversation with Andy in the comments below!
#StrazaConsulting#BeerNuts#DigitalAdventure#BeyondDigitalShift#LargerSalesFocus#DigitalOpportunity#DigitalNiche#RetailGiants#BusinessScaling
