Takeaways

The holiday season is expected to differ significantly from previous years.

Online retail sales are projected to increase in the high single digits.

More than 50% of consumers plan to start shopping before November.

Consumers are increasingly value-oriented in their shopping habits.

Two-thirds of sales are expected to occur in physical stores.

Consumers anticipate spending more this holiday season compared to last year.

There is a notable increase in consumers knowing what they want to buy this year.

Deals and promotions are critical for attracting holiday shoppers.

A significant portion of consumers plan to use credit for holiday spending.

The holiday season is expected to be very positive for retailers.

Chapters

00:00 Holiday Season Insights

10:10 Research and Trends for the Holidays

Takeaways

Groceryshop has ushered in a new era for the industry.

Data monetization is a significant opportunity for grocers.

Supply chain visibility is essential for managing perishables.

Frontline workers require better tools and information.

Innovation in grocery is increasingly being outsourced.

The Grocery Navigator Report offers in-depth sector insights.

Retail media is a growing revenue stream for grocery retailers.

Traditional supermarkets face challenges with an aging customer base.

Consolidation in the grocery market is expected to continue.

Digital channels are reshaping grocery shopping experiences.

Chapters

00:00 Introduction to Grocery Shop Insights

05:05 Exploring The Grocery Navigator Report

Takeaways

• Accurate demand forecasting is crucial for retail success.
• Food waste is a significant issue, with one-third of food produced wasted.
• The FRESH framework focuses on food waste reduction and hunger curtailment.
• Dynamic pricing can help manage inventory and reduce waste.
• Retailers need to incorporate external data for better forecasting accuracy.
• Promotions and events significantly impact demand forecasting.
• Technology is transforming demand forecasting through AI (artificial intelligence) and machine learning.
• Retailers must adapt to changing consumer preferences and trends.
• Evaluating demand-forecasting solutions requires understanding market potential and innovation.

Chapters

00:00 The Importance of Demand Forecasting

07:03 The Fresh Framework for Food Waste Reduction

13:50 Advancements in Demand-Forecasting Technology

19:51 Evaluating Demand-Forecasting Solutions

Takeaways

• Unified commerce aims to create a seamless retail experience.
• Designing product assortments is a significant challenge for retailers.
• Unlocking new growth opportunities is essential for retail success.
• Building loyalty and brand trust is critical in today's market.
• AI is transforming the data landscape for retailers.
• Shoptalk Fall is a new conference format for 2024.
• Over 140 speakers will share insights at Shoptalk Fall in Chicago.
• Investor perspectives on AI will provide unique insights.
• Daily coverage of Shoptalk will be freely available on Coresight.com.
• Next week, the focus will be on demand forecasting technology

Chapters

00:00Introduction to Shoptalk Fall Conference

01:06Unified Commerce: A Seamless Retail Experience

04:43Designing Optimal Product Assortments

06:55Unlocking New Growth Opportunities in Retail

09:32Building Loyalty and Brand Trust

10:30AI and the Changing Data Landscape

17:25Overview of Shoptalk Fall Conference

20:06Key Sessions and Insights from Shoptalk Fall

Takeaways

• Groceryshop is a key event for industry innovation.
• Sustainability is a major focus, with food waste solutions discussed.
• The Shark Reef startup pitch showcases innovative technology solutions.
• Retailers are evolving into significant media platforms.
• Dynamic pricing and demand forecasting are critical for retailers.
• Coresight Research provides comprehensive coverage of the Groceryshop event.
• Understanding consumer behavior is essential for retail success.
• The conference features a diverse range of speakers and topics.
• AI applications are transforming the grocery retail landscape.
• Networking opportunities abound at Groceryshop.

Chapters

00:00Introduction to Groceryshop Conference 2024

02:59Key Highlights and Innovations at Groceryshop

05:46Sustainability and Food Waste Solutions

09:07Startup Pitch Competition Overview

11:57Coresight Research's Coverage and Insights for Attendees

Takeaways

• Retail media networks are transforming the advertising landscape.
• On-platform advertising leverages first-party data for personalization.
• Dynamic pricing can help manage inventory and reduce waste.
• Smart carts are becoming essential tools for personalized shopping.
• Emotion recognition technology can enhance customer engagement.
• Food as medicine is a growing concept in retail.
• Subscription models provide predictable revenue for retailers.
• Data attribution is crucial for effective advertising strategies.
• Retailers must adapt to consumer price sensitivity in the current economy.
• Innovative technologies can significantly improve the shopping experience.

Chapters

00:00Introduction to Retail Media Networks

03:00On-Platform vs Off-Platform Advertising

05:46The Role of Data in Retail

09:01Innovations in In-Store Technology

11:52Dynamic Pricing and Consumer Sensitivity

14:47The Future of Smart Carts and Personalized Shopping

18:03The Impact of Emotion Recognition Technology

20:46The Intersection of Food and Medicine

24:00Subscription Models and Predictable Revenue

26:53Dynamic Discounts and Inventory Management

30:12The Evolution of Self-Checkout Technology

33:05The Importance of Data Attribution in Advertising

36:09Conclusion and Future Outlook

Takeaways

• Retail media networks allow retailers to monetize their first-party data and shelf space.
• Building and maintaining a retail media network can be challenging in terms of time, cost, and expertise.
• Technology solutions and partnerships can help retailers of all sizes create compelling retail media networks.
• Retail media networks can contribute to revenue uplift and provide a new source of margin for retailers.

Chapters

00:00Introduction and Focus on Retail Media Networks

01:26Monetizing First-Party Data and Shelf Space

02:21Lessons from Walmart and Amazon

07:28Challenges and Opportunities in Retail Media Networks

10:20Technology Solutions and Partnerships

14:41Driving Revenue Uplift and Margin

19:12Workshop and Resources for Retailers

20:38Opportunity and Money in Retail Media Networks

22:30Debate and Net New Spend in Retail Media Networks

23:57Conclusion and Next Week's Focus

Takeaways

• Retail media networks provide valuable opportunities for advertisers to reach consumers at their zero moment of truth.
• Audience fragmentation and ad avoidance technology make it difficult for advertisers to reach a broad audience and deliver their message effectively.
• Retailers can realize significant margins from their on-site and off-site retail media sales.
• Measuring the impact of in-store retail media and delivering personalized messaging are ongoing challenges.
• The future of retail media may involve personalized experiences through digital shelf labels or mobile devices.

Chapters

00:00 The Context of Retail Media Networks

03:18 Challenges of Audience Fragmentation and Ad Avoidance Technology

04:41 The Value of Retail Media Networks for Advertisers

07:02 Measuring the Impact of In-Store Retail Media

08:50 Delivering Personalized Messaging in Retail Stores

11:11 The Future of Retail Media