October 27, 2021 | GroceryGeniuses Blog

Salesforce data shares retail insights about holiday retail sale trends for 2021

GroceryGeniuses October 27, 2021

Salesforce has gathered data from one million global shoppers to gauge holiday shopping trends. The software firm predicts the upcoming holiday sale patterns for market leaders. 1, Online sales will continue to grow, and shoppers are expected to spend about $1.2 Trillion globally. 2, Customers will witness a 20% increase in the product prices as retailers are combatting increasing labour, freight, and manufacturing costs. 3, Consumers are eagerly waiting for the pre-cyber week sales and would spend around $141B globally even before it begins. 4, Google and Apple are working to remove cookies and a 30% increase in traffic is expected due to social referrals. Thus, retailers would use first-party data to engage shoppers.

TGI Friday’s has teamed up with C3, a food-tech platform, to digitize 170 stores

GroceryGeniuses October 27, 2021

TGI Friday’s has partnered with Sam Nazarian’s C3 (Creating Culinary Communities), a rapidly-growing food-tech firm, to launch digital kitchens in 170 stores. The partnership will empower the fast-food chain with exceptional culinary talent and digital brand IP. C3 will additionally bring a portfolio of more than 40 culinary brands to TGI Friday’s. The food will also be delivered with the next-gen Go by Citizens app. The deal provides for kitchen digitisation, capacity expansion and will generate an additional $1 million per outlet.

Investors inject additional funds in Chinese startups despite Beijing’s regulatory restrictions

GroceryGeniuses October 27, 2021

Beijing’s regulatory crackdown has paused the influx of Chinese IPOs in the US. Global investors have started pouring more funds into Chinese Startups in the third quarter. From July to September, venture capital investment grew in China from the prior quarter. Beijing ordered Didi, a ride-hailing startup, to halt new user registration during a security review session. Didi had a massive opening IPO in New York on June 30, and now its share price has gone down by 35% since the IPO opening. The authorities then ordered after-school tutoring firms to cut operating hours. Experts suggest that China requires foreign capital investment, and its domestic funds won’t be enough to spur growth.

How to start shopping a bit early for Black Friday 2021

GroceryGeniuses October 27, 2021

Retailers are changing the Black Friday 2021 sale pattern and starting it early to meet large orders. November will be the month for shoppers to shop till they drop both in-store and online. Retailers are dealing with pandemic-led supply chain woes with products shortages and want to handle them well by taking prompt actions. Retail giants like Amazon, Walmart, Macy’s, Best Buy and others have unveiled their shopping deals. Like last year, many retailers will close their outlets on Thanksgiving to curb COVID cases and show gratitude to its team.

Uber partners with French retailer Carrefour to expand its operations to the European market

GroceryGeniuses October 27, 2021

Uber has debuted a 15-minute grocery delivery service in Paris to ship essential items to customers. The US-based ride-hailing and grocery delivery firm has teamed up with French retailer Carrefour. The joint service named Carrefour Sprint will have dark stores operated by Cajoo, a French delivery startup. Cajoo and Carrefour have partnered earlier this year to speed up their grocery delivery process. Europe is the latest region to grow online grocery delivery services and meet the surging demand caused by the pandemic.

A consolidation wave is on its way as the grocery industry raises a lot of funds

GroceryGeniuses October 27, 2021

The latest data from Pitchbook, a research firm, shows that venture-backed grocers have raised funds worth $10B in 2021. The grocery industry is moving ahead at a fast-paced speed all around the globe. Various dark-store grocery firms are delivering groceries within ten minutes in Europe. Experts now see a wave of consolidation approaching soon as the industry gets saturated. US-based Instacart was valued at $39B in March, while GoPuff is valued at $8.9B. The largest funding round was for the Chinese grocer Xingsheng Youxuan that raised $3 Million. For meaningful consolidation activities to occur, these grocers need to have a solid presence in the grocery market.