E-commerce Grocery Sales Rise, But Quest for Profitability Persists
E-commerce Grocery Sales Rise, But Quest for Profitability Persists
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TABS BevAlc Innovation Suite and Category Management tools keep Tito’s on top in a complex market
As executive chairman and founder of TABS Analytics, I sign a lot of papers. But recently, I signed one of the most important papers of my career:
I signed a document to sell TABS Analytics.
We were acquired by a like-minded company, Blacksmith Applications of Boston, Massachusetts.
Shelton, Conn. – August 31, 2020 –TABS Analytics today announced that for the 5th year in row it has earned best-in-class distinctions in the Promotion Optimization Institute’s (POI) 2020 TPx Vendor Panorama report. This year TABS Analytics was recognized in three categories: Post Event Analytics, Dashboard and Data Management.
Shelton, Conn. – August 17, 2020 – Despite more interest in online shopping during the COVID-19 pandemic, eCommerce grocery saw only a slight uptick in sales from new users this year, according to the TABS Analytics Annual Food and Beverage Consumables Study. Overall, online grocery transactions increased 15% year-over-year, as existing buyers made more frequent purchases, and smaller eCommerce retailers saw massive surges in new buyers. Walmart was one of the beneficiaries of the shift to online, as it overtook Amazon in share of transactions for the first time.
Shelton, Conn. – July 13, 2020 – TABS Analytics, a Nielsen Connected Partner, announced today that it is collaborating with Brewers Advisors to launch a powerful software and analysis platform designed specifically for breweries that simplifies the use of Nielsen scan data. TABS Market Insights Connect™ clearly identifies sales problems, opportunities and indicated actions.
Shelton, Conn. – September 24, 2019 – Consumers are more frequently shopping for groceries online, according to the TABS Analytics 7th Annual Food and Beverage Consumables Study. E-Commerce grocery purchases nearly doubled in the past year, with 66 percent of consumers noting their loyalty to shopping through this channel and Amazon, Walmart and Target making the largest gains in penetration. However, the greater demand is revealing significant structural problems – low margins and unpredictable shipping and fulfillment costs – that will impact the profitability and sustainability of the business model.
Shelton, Conn. – July 22, 2019 – TABS Analytics today announced that Arthur (Art) B. Drogue, who held executive roles at Unilever, Best Foods, Nabisco and other major Consumer Packaged Goods companies, has joined TABS’s board of directors.
Shelton, Conn. – June 27, 2019 – Mass market brick and mortar stores, like Walmart and Target, and eCommerce retailers have seen the most success in attracting buyers of vitamins, minerals and nutritional supplements (VMS), according the TABS Analytics 12th Annual Vitamin Study. However, after more than doubling in the past decade, overall online penetration has plateaued at about 17%. This stagnation in online purchasing leads to questions about whether eCommerce can ever exceed more than one-fifth of the total market in any consumer package goods (CPG) categories.
Shelton, Conn. – June 20, 2019 – TABS Analytics today announced that it is collaborating with CPGToolBox to deliver an integrated trade promotion and optimization solution for consumer packaged goods (CPG) manufacturers. The joint venture brings together the two organizations’ best-in-class solutions to forecast, plan, settle and analyze promotions, and then conduct a rigorous analytical overview of the optimal promotional strategies and tactics for clients' brands.
