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Apr 14, 2021 One year since the World Health Organization declared COVID-19 a global pandemic, FMI-The Food Industry Association has released a new report, “Receipts from the Pandemic: Grocery Store Investments Amid COVID-19 and the Resulting Economics of an Essential Industry,” sharing that the food retail industry invested $24 billion in response to the dramatic changes in Americans’ shopping and food consumption habits amid the pandemic. Grocers’ actions included significant safety, workforce and technology investments that have enabled food retailers to safely keep their stores op...

Higher retails sales during the pandemic didn’t translate to ‘commensurate’ profit increases, FMI finds Despite a double-digit increase in retail sales during the pandemic, most grocery retailers continue to grapple with tight profit margins which could be squeezed further as restaurants and the foodservice industry reopen but many coronavirus-related expenses remain, suggests new research released yesterday by FMI – The Food Industry Association. According to a survey of 52 FMI member companies representing almost 40% of the food retailing industry, grocer...

Kroger will double its digital sales by the end of 2023 US: New FMI report finds grocers invested $24bln to meet increased consumer demands and operate safely amid Covid-19 One year since the World Health Organization declared COVID-19 a global pandemic, FMI-The Food Industry Association released a new report, Receipts from the Pandemic: Grocery Store Investments Amid COVID-19 and the Resulting Economics of an Essential Industry, sharing that the food retail industry invested $24bln in response to the dramatic changes in Americans’ shopping and food consumption habits amid the pandemic. Gr...