March 13, 2017
Connect Retail West is coming up this Thursday. Here’s where to register for The Future of Retail.
Wal-Mart Stores Inc., Kroger Co. and Meijer are expanding into the grocery delivery service. The big retailers are exploring ways to better compete with the likes of Amazon.com Inc.’s Prime service, which accounts for more than 50% of online grocery shopping.
Roughly one-fifth of shoppers purchased groceries online in 2016, according to the National Grocers Association. A study by Nielson and the Food Marketing Institute predicts that by 2025, spending will reach $100 billion.
The expansion into the e-commerce space by more traditional grocers is expected to better align with how consumers shop in today’s fiercely competitive market. And, it is requiring retailers to rethink how those orders will be delivered, including often ceding last-mile distribution to third-parties such as Shipt and Instacart, or even Uber.
For comments, questions or concerns, please contact Dennis Kaiser