In 2024, the food retail industry will face a new set of opportunities and challenges unlike those in previous years. From the impact of inflation, shifts in shopper behavior, increased technological disruption, and competition from foodservice, there is no question that food retailers will need to evolve in order to win with consumers.
This FI-exclusive webinar featured insights from leading food retail analyst R.J. Hottovy, Head of Analytical Research at Placer.ai. Hottovy delved into the changing landscape of the retail industry and provided insights into how consumers were shopping across different channels.
Additionally, R.J. addressed the following topics and themes:
• Provided the latest data and forecasts on foot traffic across various retailing channels (e.g., grocery, dollar stores, C-stores, wholesale clubs, etc.).
• Explored the factors impacting the new shopper journey and consumer migration patterns due to inflation.
• Discovered format and shopper behavior shifts that will directly inform retail digital transformation strategy over the next five years.
• Provided the latest insights into Retail Media Networks and alternative revenue streams that will help food retailers drive revenue and margin growth.
• Outlined activation strategies that brands and retailers need to employ now to successfully respond to ever-changing conditions and help prepare their business for what’s yet to come.
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Sponsored by:
Placer.ai
Placer.ai is the most advanced foot traffic analytics platform allowing anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success. It is the first platform that fully empowers professionals in retail, commercial real estate, dining, and more to truly understand and maximize their offline activities with reporting capabilities that include visit trends, True Trade Areas, cannibalization/void analysis, demographics, cross-shopping, and favorite places. To learn more, visit https://hubs.li/Q019NFjv0.