UNFI’s Post

🛒 Shop smart. Look for deals, use coupons, and consider buying generic brands to save on everyday expenses. #FrugalLiving #SmartShopping #SmartShopping #SavingsTips #FrugalLiving #BudgetShopping #CouponSavings #EconomicalChoices #ShopWise #FinancialSavvy #CuttingCosts

🚀🔓Unlock the secrets of pricing strategies with me! Discover how brands play with numbers and ingredients to keep those prices low. It's time to decode the labels and take control of your shopping experience. #Pricing #Brands #PricingStrategy #SmartShopping #BrandStrategy

To discount, or not to discount❓❓ That's the question on the minds of many business owners this EOFY season. As shoppers battle the rising cost of living, EOFY sales let customers secure a bargain — and give retailers the perfect opportunity to offload stock before the new tax year. But deep sales can change the way customers approach retailers, and build the perception that sooner or later, full-priced stock will face hefty discounts, says brand counsel Michel Hogan. David Adams speaks to the expert on how businesses should plan their approach. #eofy #branding

Digital marketing capabilities in hands of independent retail store owners and smaller brands to reach their customers in a very focused manner with help of retail media platforms of large retailers and distributors. UNFI platform would be very relevant for the organic and natural specialty ecosystem. #organic #natural #adioriginal #UNFI #retailmedia

Elwood Clothing has an impressive #trybeforeyoubuy program. On Sundays, I review as much shopper feedback as I can within an hour + a French press. This shopper's feedback says it all. Zeke S. recognizes that there's been a power imbalance in ecommerce since the first ecommerce transaction in 1995. Day 0 — Brand: "Please give me your money, and I'll give you my product to see if you'll like it." Day 0 — Shopper: "OK, I guess I have no other choice since I don't live near a store. Here's my money." Day 7 — Shopper: "OK, I'd like to return some products." Day 7 — Brand: "Please give me my products, I'll inspect it because I can't trust a stranger, and then I'll issue a refund. It'll take up to 10 business days." Day 14 — Brand: "Your refund has been processed." ^ The shopper is out their hard-earned money for 14+ days. The brand, of course, can't add risk of loss, so up until today, this has been the only viable option. At its core, when you force a decision before the shopper is ready, you crush your conversion rates. Let your shoppers try and unlock your conversion rates. #trynewthings

Unlike the passage of the INFORM Act, which had widespread support among e-commerce players as a means to root out counterfeit product sales, the SHOP SAFE Act is divisive. It proposes to hold platforms liable for selling fake products if they haven't upheld best practices. But brands & their advocates say that's just parity with physical retail. More today Modern Retail: https://lnkd.in/gby6K6J4

We asked real customers about how many shops they go to when they're refilling their stash. 🌱 Here’s what we found out: While some people stick to a single store, the majority frequently visit 2-3 shops each week to find the best price on their preferred products and check stock availability. How can you make your store their #1 choice? 👉 Always optimize your inventory based on real-time data; avoid overstocking products that appear popular on the market but aren't popular with your specific store's customers. Always cater to the preferences of YOUR OWN market. 👉 Contact customers through multiple channels, repeatedly. 👉 Build better brand-customer relationships. Engage with them, make their shopping smoother, more convenient and extra rewarding. How do you do all of these? Learn the Dispensary Loyalty Loop's simple 4-step process here: https://lnkd.in/gCPdkqFx #Loyaltyloop #CaptureSellNurtureRepeat #RetailStrategy #Marketing

In an era where shopping has become more than just a transaction, organized retail crime poses a significant challenge to the retail industry. This isn't just about individual shoplifting; it's a coordinated effort that's leaving a profound mark on major retailers. "Some amount of shoplifting is always going to happen. “Shrink” — retail-speak for missing inventory that may have been stolen by outside parties or its own workers, damaged, or just plain lost — is inevitable. According to the National Retail Federation, the average shrink rate increased from 1.4 percent in 2021 to 1.6 percent in 2022. Taken as a percentage of sales, that translates to an increase from $93.9 billion to $112.1 billion in losses. That’s a big number — it’s also one that companies could take more steps to bring down, workers say." #RetailCrime #RetailSecurity #OffDutyPolice America’s shoplifting problem, explained by retail workers and thieves https://hubs.li/Q029-w6c0

Headline news: "We want you to buy less," says the CEO of 'XYZ.' But let's call it what it is—greenwashing. Why? Because despite the public declarations, the internal KPIs for your team tell a different story: 1. AOV/ ATV (Average Order/ Transaction Value): The average dollar amount spent per customer. 2. Conversion: The percentage of store visitors who end up making a purchase. 3. UPT/ IPC (Units per Transaction/ Items per Customer): The average number of items bought in each transaction. Notice the disconnect? While the message to the public is to shop less, the performance of your retail and sales teams is evaluated against metrics that encourage the exact opposite. It's time for real change. Align your KPIs with your public statements. Put your money where your mouth is. #holisticsustainability #systemsthinking #sales #businessdevelopment #circularity #greenwashing