A newly debuted program is creating opportunities for boosted profits and reduced shrink for independently owned grocers. After creating these benefits for more than 2,200 retail stores across North America, Flashfood has debuted its new Flashfood for Independents platform, broadening the affordable grocery marketplace’s reach and impact.
"There are more than 27,000 independently owned grocery stores in North America that play a vital role in nourishing and sustaining their communities. But the already harsh and competitive retail climate right now is particularly difficult for independent grocers, who face unique challenges as small businesses," said Bertram. "Our goal with this launch is to offer a supporting lifeline to these businesses, many of whom solve food access challenges issues in hyper-urban or rural areas. Our hope is to empower these grocers with a solution that brings more shoppers in-store and puts money back in their bottom line.”
Flashfood allows shoppers to purchase meat and other perishable products that are nearing their expiration date at a discounted price. Grocers utilizing the company’s innovative solution report an average 27 percent shrink reduction, one or more additional store trips per month, and $20 in incremental monthly sales.
Building on the value-add of the Flashfood platform already available at major retail chains, Flashfood for Independents offers the same value but with flexible and customizable elements that fit the needs of independent grocers who may have unique store footprints, smaller teams, or ever-changing inventory. As a press release noted, the platform seamlessly integrates with the operations of independent grocers, enhancing their ability to respond quickly to market demands and operational needs.
The initiative aims to support local retailers by providing them with a flexible and efficient solution to attract new customers, boost profits, reduce food waste, and provide access to affordable fresh food in their communities.
The new platform is already live in more than 10 independent stores across North America, and Flashfood plans to add over 100 more independent grocers to the program by the end of the year.
As this expansion takes root, DMN will be here to provide the latest updates.
