There
is a reason that retail foodservice sector leaders are leaders they lead. Foodservice Solutions® Grocerant Guru™ said
“Whole food repositioning is the right thing to do at the right time. When the
customer is on the move industry leaders must move with them.”
Whole Foods Co-CEO John Mackey plans to
start a new store format to appeal to the “millennial generation.” The
new store will be called 365 by Whole Foods Market. The
facts speak for themselves. According to data from the U.S. Census Bureau,, monthly sales at
restaurants exceeded grocery stores sales last year for the first time on
record.
The consumer is on the move and with
prevailing changes in consumer tastes and behaviors in flux retailers must
adjust according to our Grocerant Guru™.
Here is some of what else has been
reported “Twenty-five to 34 year-olds are more interested than their older
counterparts in buying “food away from home,” according to research from Morgan Stanley MS -0.65%. Barkley, a
Kansas City-based advertising agency, and BCG reported that in-store delis
are more important to Millennials than to older customers. A study by King Retail Solutions found more
consumers, particularly younger ones, are buying their groceries at big box
stores.
Technology
is changing the face of Food retail, C-store Casey’s General Stores announced
just last week they are rolling out delivery.
Whole Foods needs to integrate meals and meal kit delivery into the 365
concept as well according to Foodservice Solutions® team.
In
fact delivery should be a key component of all Whole Foods store offerings.
The focus should be on instant delivery yes Right Here Right Now just the way
that Amazon Fresh and Instacart are doing, and it must include daily meal kits
and prepared meals options according to our Grocerant Guru™.
Food
industry Start-Ups are turning into disruptors you know the companies if you
are a regular reader of this blog companies the ilk of Blue Apron (meal kits) and Munchery (chef-cooked meals)
are growing in popularity with customers and investors alike. If Whole Foods
wants to become a relevant player meeting the needs of evolving customers’ integrating
meal kits and meals are a must.
Since
prepared foods has already become a significant part of the company’s sales and
stores’ square footage; it only makes sense to increase it in order to appeal
to customers who want freshly prepared foods but don’t want to do the fresh
preparation. New concept new pricing formulas moving away from price per
pound and closer to restaurant style complete meal price points would elevate
consumer mind-set to fresh, fast, flavorful food.
We
have but one questions can Jeff
Turnas,
a 20-year Whole Foods Market veteran, look at the new concept with Outside Eye’s or
will he simply do what grocer’s always seem to do. That is very small incremental change that
will garner attention for a couple of years, not customers for a lifetime.
Are you
trapped doing what you have always done and doing it the same way? Interested in learning how Foodservice
Solutions 5P’s of Food Marketing can edify your retail food brand while
creating a platform for consumer convenient meal participation, differentiation
and individualization? Email us
at: Steve@FoodserviceSolutions.us or visit: www.FoodserviceSolutions.us for more
information.
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