Albertsons’ Mobile Updates See Sales Trend Upward


On the power of its digital investments, Albertsons continues to see its gross sales rise not solely over pre-pandemic ranges but in addition over late-2020, mid-quarantine highs.

Within the quarter ended Dec. 4, which adopted on the heels of the grocery store’s launch of a brand new app again in August, the grocery store’s loyalty program membership grew 17% to twenty-eight million. Moreover, digital gross sales rose 9% yr over yr, 234% on a two-year stack, contributing to an general equivalent gross sales improve of 5% yr over yr, 18% relative to 2019.

“As omnichannel households spend 3 times greater than in-store solely consumers, we proceed to extend our investments in digital, omnichannel and loyalty, which drove elevated recognized households and better buyer engagement and retention,” Albertsons CEO Vivek Sankaran advised analysts. “Within the Only for U loyalty program … actively engaged members continued to extend.”

He added that these lively customers, those that redeem their rewards, spend a median of 4 occasions greater than consumers who aren’t enrolled in this system.

Loyalty packages can increase shoppers’ spending and appeal to them to a model, in keeping with information from PYMNTS’ research, “What Shoppers Anticipate From Their Grocery Buying Experiences,” created in collaboration with ACI Worldwide, which surveyed greater than 2,300 U.S. grocery consumers about their shopping for behaviors.

The research discovered that, of the 54% of grocery consumers who’re enrolled in at the least one loyalty program, 63% reported that such packages influence their selections about which grocery shops to frequent. Furthermore, 61% reported spending extra at grocery shops which have loyalty packages, and 48% mentioned loyalty packages would encourage them to buy gadgets that they now buy on-line at their favourite grocery retailer as a substitute.

Learn extra: Digital Features Can Help Grocers Win Over 43% of Shoppers

“Pockets share’s highest with our high tier of our loyal group, and we discover that after they have interaction in our loyalty program, you see that,” Sankaran mentioned. “The second factor is, we acquire large pockets share when folks have interaction with us in omnichannel, and we are able to see that as a result of there’s no [other] motive for a family to immediately begin spending three, 4 occasions [more] with us than they did earlier than they engaged in omnichannel.”

The grocery store’s new app serves to unify its varied digital choices, together with ordering, loyalty and offers, amongst different capabilities.

These investments are key to tapping the underpenetrated on-line grocery market. Within the related “Eat” class, comprising all of the ways in which shoppers get their meals wants met, grocers lag behind eating places in capturing the spending of immediately’s digital shoppers, in keeping with information from PYMNTS’ December research, “The Linked Shopper In The Digital Financial system: Who Needs To Reside In A Digital Linked Financial system — And Why?” which surveyed greater than 3,100 U.S. adults about how they have interaction digitally with their on a regular basis actions. The outcomes of the survey revealed that 49% of shoppers place restaurant orders by means of eating places’ web sites or by way of their cell apps, whereas solely 32% buy groceries on-line.

Get the research: The Connected Consumer In The Digital Economy

In an effort to additional monetize its digital presence, Albertsons introduced in November will probably be launching a retail media community on the finish of February, the Albertsons Media Collective, which can combine sponsored content material from manufacturers into its on-line platforms, driving extra revenue for the grocery store from its app and web site.

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NEW PYMNTS DATA: AUTHENTICATING IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

About:More than half of U.S. consumers think biometric authentication methods are faster, more convenient and more trustworthy than passwords or PINs — so why are less than 10% using them? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception versus use gap and identify ways businesses can boost usage.



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Albertsons’ Mobile Updates See Sales Trend Upward

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