"In grocery, what we're seeing is that increases are driven by inflation," says Patrick O'Brien, lead retail analyst at London-based Verdict Research. "Consumers are spending a bit more, but buying a bit less," he says.
The new brand, Wild Ophelia, validates Chicago-based Vosges Haut-Chocolat's success in carving a place in the crowded premium chocolate category with its high-quality ingredients infused with exotic blended flavors.
Three years ago, the chain of 1,058 supermarkets based in Lakeland, Fla., installed an inventory replenishment software system that uses sales data and information about upcoming promotions to more accurately predict demand and automatically order appropriate stock.
Our efforts are working, and collaboration among CPG trading partners has never been greater. Advancements in innovation, technology and joint business planning have helped our industry serve consumers better, faster and more completely than ever before.