The combined sales of the Top 3 club stores — Costco, Sam’s Club and BJ’s Wholesale Club — reached an estimated $158.4 billion in 2017, up 2.9 percent over 2016, according to Chicago-based Mintel’s June 2017 report “Warehouse Clubs US.” Yet, shrinking households no longer needing to purchase bulk items, eCommerce profitability and the cost of membership fees are barriers to the success of club stores.
20% of consumers are interested in purchasing food, beverages online
February 16, 2018
Consumer confidence is holding steady with 53 percent of U.S. households feeling they are in good financial health in the fourth quarter of 2017 compared with the same figure in the fourth quarter of 2016.
Ingredient suppliers to beverage companies announced promotions, investments as well as the development of new programs and divisions to further serve their customers.
Product line now available in New York through partnership with Big Geyser
February 6, 2018
Los Angeles-based Rosa Foods Inc., the makers of Soylent, announced the brand’s retail expansion in New York with a long-term strategic distribution agreement with Maspeth, N.Y.-based Big Geyser Inc.
As eCommerce grows and consumers become more accustomed to at-home delivery of all types of products, subscriptions services are evolving and offering a variety of specialty products and services, further driving the appeal to consumers.
Whether it’s Amazon’s acquisition of Whole Foods Market or Walmart’s acquisition of Jet.com, the growth and impact of grocery eCommerce has become ever more visible in the past few years.