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Feb 14, 2012

Consumer View on Retailers' Prepared Foods Improving

PrintConsumer View on Retailers' Prepared Foods Improving  

CHICAGO -- Retailers' prepared food offerings are rapidly catching up to their restaurant counterparts in the eyes of consumers, according to a new study released today by Technomic Inc..

The research, conducted in southern California, revealed that 40 percent of participants agree that "prepared foods from retailers are restaurant-quality foods at better prices."

In perhaps even better news for retailers, such as convenience stores, nearly two-thirds of the survey participants said they have seen significant improvements in the quality and variety of retailer prepared foods during the past five years.

Consumers seem to like retailers so much that they are visiting restaurants less often, the study found. Lower-priced restaurants are being impacted the most. More than two-thirds of those consumers who said they cut back on restaurant visits named family- style, upscale fast-food and traditional fast-food locations as the places they frequent less often now.

"Retailers' prepared foods programs have evolved to the point they are considered viable alternatives to restaurants of all types and service styles, from full- and quick-service to upscale and more affordable concepts," said Jenny Anderson, director of Technomic's RMS Monitor service. "The appeal goes well beyond convenience and value. Consumers clearly recognize enhancements that are based on restaurant influences."

When compiling its data, Technomic compared retailer meal solutions (RMS) products. The research firm defines RMS as foods found in sections of the store where consumers can pick up ready-to-eat or ready-to-heat items from service counters or self-service areas. The foods do not require extensive preparation beyond reheating, if applicable.

Although c-stores and other retailers have always fared well in Technomic surveys regarding convenience and value, the Chicago-based researcher's study this time also graded the foodservice products based upon food/ingredient quality, freshness, number of "better-for-you" choices and availability of premium items.






Find Reports & Data

CSNews 2009 Foodservice Study

Foodservice sales rose 7.7 percent on a per store basis in 2008, and prepared foods led the way with a 9.1 percent sales gain per store, according to Convenience Store NewsĂ˝ 2009 Foodservice Study.

CSNews 2010 Industry Forecast Study

CSNews' 8th annual Forecast Study includes a macroeconomic projection of market conditions in 2010 and the impact they will have on sales and growth of key convenience store categories: motor fuel, tobacco, malt beverages, confectionery, and snacks.

CSNews' 2009 Industry Report Study

Industry sales climbed 11.4% to an all-time high of $633.9 billion last year, according to the Convenience Store News 2009 Industry Report, the longest-running compilation of sales and operational results in c-store retailing. 40 pages, including 69 charts.

CSNews' 2009 Realities of the Aisle Consumer Study

Food quality and in-store execution greatly impact a consumer's choice to purchase and consume prepared food from a convenience store, according to the new Realities of the Aisle consumer research study conducted by Convenience Store News, in partnership with Nielsen Homescan. Study is 11 pages and includes 14 charts.

CSNews 2010 FIRST LOOK Report

CSNews' 2nd annual FIRST LOOK report provides convenience store retailers with a first glimpse of industry dollar and volume sales changes in five major product categories, based on data provided exclusively to CSNews by The Nielsen Co. The report includes sales, unit and regional market share percentage changes for packaged beverages, other tobacco products, candy and snacks, and beer.

CSNews 2010 Industry Forecast Study

The Great Recession has caused a fundamental shift in consumer spending. How will this affect the c-store industry and your business in the year ahead? The CSNews 2010 Industry Forecast Study provides a glimpse of the rough conditions ahead and critical insight for you to make the right buying decisions.

CSNews HR & Labor Study 2010

Likely owing to the economic recession, 40 percent of retailers responding to the Convenience Store News 2010 Human Resources (HR) & Labor Study said store associates turnover decreased over the past two years.


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