Shoppers Want Deals, Coupons for Groceries More Than Any Other Category

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“The 2018 Purse String Survey reveals that 93 percent of respondents show interest in coupons and deals. Some 82 percent typically use coupons for their routine, weekly grocery shopping trips, and nearly half (47 percent) do so for fill-in trips, as well.

But there’s also a major opportunity for online grocers, according to the research. Grocery ecommerce adoption is on the rise, with 13 percent of respondents saying they are buying more groceries online for delivery compared to last year, and 12 percent saying the same for click-and-collect. Delivery numbers rise even higher for dads and Hispanics, while click-and-collect numbers rise for Millennials and Millennial parents.”

Read more here.

Whole Foods Denied “World’s Healthiest” Moniker

whole-foods1.jpgIn 2010, Whole Foods successfully took on the name “America’s Healthiest Grocery Store,” trademarking the slogan on the basis of existing consumer sentiment. But they recently submitted an application with the U.S. Patent and Trademark Office to call themselves  “The World’s Healthiest Grocery Store” – a significant jump in status which could indicate plans for more aggressive expansion overseas.

Unfortunately the Patent office rejected the application, on the basis that such a slogan makes a “laudatory” and unverifiable claim. Papa John’s slogan “Better Ingredients, Better Pizza” was originally denied for the same reason. One reason the switch from “America’s” to “The World’s” might have struck officials as puffery is that Whole Foods currently has a presence in only Canada, Britain and the U.S. – hardly the whole world. They’ve also struggled historically to push into these overseas markets, where existing chains often have a hold on loyal clientele.

Whole Foods now has 6 months to update and refile the case for reconsideration.

To read more, click here.

Fairway Files for Bankruptcy

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As of Monday (but predicted long before), Fairway Market has officially filed for bankruptcy after losing $300 million in five years and accumulating $267 million in debt. According to a statement released by the company, they have a plan underway to restructure debt while keeping all 15 stores in operation and continuing to pay wages, benefits and other obligations.

Fairway CEO Jack Murphy is publicly optimistic, stressing that the bankruptcy deal is the grocery chain’s best opportunity to continue operating and survive the recent turmoil more or less intact. Indeed, the news that all stores will remain open comes as some surprise, since initial reports predicted that at least the poorer performing branches would be forced to close.

To read more, click here.

Fairway Owners Fight Collapse with Bankruptcy Deal

After rapid and apparently misguided expansion, the New York grocery store Fairway may finally be reaching the end of its lifelines. Stocks in the store, which went public in 2013, have been falling since CEO Jack Murphy came on in 2014; they now rest at 30-40 cents a share. Nasdaq has twice warned the company that they may be delisted, and over the past 5 years they have accumulated $267 million in debt.

The chains owners have made attempts to sell, but have not been able to come up with buyers. Now, in a last-ditch effort to keep at least the most successful stores open, they are attempting to enter Chapter 11 bankruptcy protection by the end of May and restructure their debt. If the deal goes through, creditors will take over the company temporarily until they (hopefully) reach more solid footing.

To read more, click here.

The World’s First Expired-Food-Only Supermarket

We’ve written before about the ugly food movement – a growing set of entrepreneurs and activists attempting to combat food waste by getting more superficially damaged or misshapen produce into the hands of consumers, rather than into the landfill. Now a supermarket in Denmark is combatting another large piece of the food waste puzzle – expiration dates.

In many countries, expiration dates have little or no legal requirements, and it is at the discretion of food companies to choose a date they believe their product is “best before.” In many cases these dates result in edible food being discarded rather than sold or donated, because producers are motivated to choose earlier dates to either push more product or avoid the risk of selling something less than fresh.

Danish supermarket WeFood is built on the premise that most of this food is perfectly good, and can be sold at cheaper prices. WeFood sells only goods that are past their expiration date or have slightly damaged packaging – at prices up to 50% lower than standard supermarkets. Denmark has already cut their food waste by 25% in the past five years, and this supermarket (and others like it) are likely to bring that number even higher.

To read more, click here.