How to Stay Afloat in Rough Economic Times
In a recent publication by Grocery Headquarters Magazine, Rich Tarrant was quoted stating a few tips to stay alive in these tough economic times, read what he has to say,
“‘A good way for supermarkets to do that is by using their websites. Giving consumers the ability to pursue the items that are on sale on your website, and building a shopping list from that is clearly an area that will help people manage their budgets, and can help retailers differentiate themselves within the current environment’. Tarrant suggests retailers offer meal suggestions and recipes on their websites, and set it up so just a click of the mouse adds those ingredients to a shopping list. ‘Anything you can do to make that easier for the time-pressed consumer naturally gives you some assistance in combating other retailers who maybe don’t make it that easy for consumers,’ he says. ‘Retailers promoting online shopping can increase their sales in the high-margin HBA and non-foods categories. Customers who use the online channel consolidate their purchases back to the retailer and are not doing multiple stops. They may pay a service fee, but they’ve saved time by eliminating having to go to more outlets. In a time where a cup of coffee is $3, to save an hour and 20 minutes in a store, particularly if you are a young mother with kids, is a very easy value proposition to justify even in tight times.’”
Want to read the whole article? Check it out
here
Cheers!
-Courtney
Tags: Grocery Headquarters Magazine, MyWebGrocer, Rich Tarrant
