Supermarket Perimeter - February 2022 - 62

TECHNOLOGY
INVENTORY
MANAGEMENT
by John Unrein
PROFIT LEADERS, the top
25th percentile of independent
grocers when regarding net
profits before taxes, grew net
profits before taxes by 9.8% in
2021 - twice the total average,
according to newly released
2021 edition of the Independent
Grocers Financial Survey, a joint
study between the National
Grocers Association (NGA) and
FMS Solutions.
Common traits among profit
leaders include strong shrink,
labor, margin, and expense
management. The total store
gross margin among profit
leaders is 1.6 percentage points
higher than that of the pack.
All this led to record financial
and operational performance
benchmarks in a banner year
for the $253 billion independent
supermarket industry.
Big contributors were dairy
and meat. The high demand
drove an increase in inventory
turns, reaching an average of
19.2 times per year as well as a
decrease in shrink to 2.5%.
While continuing to respond
to an extremely difficult external
environment, independents also
focused on reinvesting their
record sales and profits into their
stores, online capabilities, and
people. Based on the lessons
derived from the profit leaders
in prior-year studies, reinvesting
in the business is key to future
success.
NGA president and chief
executive officer Greg Ferrara
noted that as the supermarket
industry continues to navigate
changes, independent grocers
are in a unique position to find
innovative and creative ways to
better serve their customers.
" The independent community
grocer has been instrumental
in the food supply chain
throughout the pandemic and
has been reinvigorated within
their communities even as
restaurants moved towards the
new normalcy, " he said.
Store-level advancements
In the supermarket sector,
numerous changes are occurring,
with the desired goals to make
the consumer experience more
seamless and lucrative for all.
ShopRite is the first grocer on
the East Coast to unveil the new
QuickCollect GO! POD, where
shoppers can pick up their online
ShopRite grocery orders from a
temperature controlled outdoor
pickup pod for a fast and easy,
contactless self-service pickup
experience.
ShopRite is the registered
trademark of Wakefern Food
Corp., a retailer-owned
cooperative based in Keasbey,
NJ, and the largest supermarket
cooperative in the United
States. With nearly 280
ShopRite supermarkets located
throughout New Jersey, New
York, Pennsylvania, Connecticut,
Delaware and Maryland, ShopRite
serves millions of customers
each week
The QuickCollect GO! POD
is a smart grocery retrieval
system that can hold ambient,
refrigerated and frozen foods,
and customers' entire grocery
orders are available for pickup in
one solution. This free-standing
pod now available at the ShopRite
of New Rochelle offers customers
unprecedented convenience for
retrieving their online pickup
orders. The store is located at 8
Palmer Ave., New Rochelle, NY.
" The QuickCollect GO!
ShopRite is the first grocer on the East Coast to unveil the new
QuickCllect GO! POD.
62 - FEBRUARY 2022
POD will make it even easier
for our shoppers at the New
Rochelle store to pick up their
online orders, " said Steve
Savas, president, Shop-Rite
Supermarkets, Inc., which
supermarketperimeter.com
operates ShopRite stores in New
Jersey, Pennsylvania and the
Hudson Valley and Capital Region
in New York. " It's self-checkout
and pickup for online orders
that's done right outside the
store. We are excited to be the
first grocer on the East Coast
with this technology. "
The QuickCollect GO! POD
revolutionizes online pickup with
robotic automation that allows
secure delivery and retrieval
of online orders anytime. The
first totes start dispensing to
the guest in under one minute,
reducing the wait time for
customers picking up their
online orders.
Developed by Bell and Howell,
a leading provider of automated
e-commerce pickup solutions,
the QuickCollect GO! POD uses
next-generation automation,
and intelligent software to ready
orders placed at shoprite.com
for pickup. It keeps orders safe
and secure until the customer
picks them up with their unique
pickup code. When items are
ready, customers receive a text
containing a QR code to scan
on the console screen, which
brings the order to the customer
pickup portal, allowing them
to access their pre-ordered
groceries. The intuitive interface
and consumer-focused designs
facilitate contactless, fast and
easy experiences. Innovations
like the QuickCollect GO! POD are
key in driving trend progression
and providing customers the
convenience they expect from
e-commerce.
" Retailers like ShopRite
recognize that consumer
convenience and fulfillment
efficiency are critical to the next
level of e-commerce. Our data
shows that consumers enjoy
the convenience of this new
individual automated curbside
pickup with our QuickCollect GO!
SHOPRITE, H-E-B
http://www.shoprite.com http://www.supermarketperimeter.com

Supermarket Perimeter - February 2022

Table of Contents for the Digital Edition of Supermarket Perimeter - February 2022

Supermarket Perimeter - February 2022 - Intro
Supermarket Perimeter - February 2022 - 1
Supermarket Perimeter - February 2022 - 2
Supermarket Perimeter - February 2022 - 3
Supermarket Perimeter - February 2022 - 4
Supermarket Perimeter - February 2022 - 5
Supermarket Perimeter - February 2022 - 6
Supermarket Perimeter - February 2022 - 7
Supermarket Perimeter - February 2022 - 8
Supermarket Perimeter - February 2022 - 9
Supermarket Perimeter - February 2022 - 10
Supermarket Perimeter - February 2022 - 11
Supermarket Perimeter - February 2022 - 12
Supermarket Perimeter - February 2022 - 13
Supermarket Perimeter - February 2022 - 14
Supermarket Perimeter - February 2022 - 15
Supermarket Perimeter - February 2022 - 16
Supermarket Perimeter - February 2022 - 17
Supermarket Perimeter - February 2022 - 18
Supermarket Perimeter - February 2022 - 19
Supermarket Perimeter - February 2022 - 20
Supermarket Perimeter - February 2022 - 21
Supermarket Perimeter - February 2022 - 22
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Supermarket Perimeter - February 2022 - 25
Supermarket Perimeter - February 2022 - 26
Supermarket Perimeter - February 2022 - 27
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https://digital.supermarketperimeter.com/sosland/sp/2019_02_01
https://digital.supermarketperimeter.com/sosland/sp/2019_01_01
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