Private equity money has long nibbled around the edges of the grocery retailing market. But it generally has not attracted the investors and big deals that seem to proliferate in high-margin growth industries like technology and e-commerce businesses.
But that has changed.
When a customer gets about halfway through the Trader Joe's grocery in Oak Park, Ill., she probably makes a pit stop at the sample station, where a friendly staffer has prepared a simple recipe and is answering shopper questions. Is this marketing?
Today, there seems to be an app for nearly everything
you could ever want. Designed to make life easier,
there are even apps for things you didn't know you needed like daily horoscopes. According to Nielsen, the average consumer uses about 27 apps per month.
Hy-Vee's Edeker: Outstanding Outreach
As only the fourth chairman/CEO in Hy-Vee's history, Randy Edeker is maintaining and improving the chain's customer outreach programs.
CEO OF THE YEAR
In today's retail landscape, the consumer, armed with knowledge like never before, calls the shots, according to "Channel Migration: The Road to Growth Has Many Lanes", a granular analysis of consumers' evolving path to purchase and its impact on existing and emerging channel trends.
If Prince Hamlet were to stroll the aisles of his local grocery store, he very well might have a new thought to ponder: To change or not to change, that is the question.
But actually, in today's retail environment, it's not really a question.
About three months after it experienced a data breach that compromised 40 million credit/debit card accounts and 70 million customer records, Target announced it would bring in an outsider as CEO for the first time in history.
Food retail executives are being held accountable for million-dollar pay packages. Shareholders and lawmakers have ushered in compensation tied to performance.
Two components of the Dodd–Frank Wall Street Reform and Consumer Protection Act affect c-suite compensation.
The FDA Food Safety Modernization Act (FSMA) was designed to improve and modernize the country's food safety system and provide the U.S. Food and Drug Administration (FDA) with the necessary tools and authority to protect our food supply.