Tag: produce blueprints

Regional and online bulk-product retailers are also using strategies of the major club stores.

For the most part, the top three warehouse chains have similar strategies and tactics, and proximity is one of the main reasons consumers choose one chain over another. But there are some differences.

“Our research shows that 26 percent of shoppers indicated they’re buying more bulk-pack items to help cope with food price inflation,” says Brian Numainville, principal at The Feedback Group in Lake Success, NY.

Wholesale clubs operate by keeping costs low through their buying power. They require vendors to simplify packaging or complete other cost-cutting measures, select only products that provide the right value for their customers, and take other steps to ensure the lowest possible price.

All three warehouse club leaders have been expanding in recent years, along a variety of measurements.

Warehouse clubs came on the scene in the United States in the 1970s, offering a relatively small selection of value-priced food and nonfood products, mostly in large package sizes, in a no-frills store environment.

Although Lakeside Produce Inc. creditors filed claims with Blue Book, shortly after the filing, they were quickly closed, giving way to the bankruptcy proceedings. 

In a February 2023 Trustee’s Preliminary Administration of the Estate of the debtor report, economic challenges for Lakeside Produce Inc., beginning in mid-2020 and continuing well into 2022, were cited as the main reason behind the bankruptcy.

Lakeside Produce Inc., ended its journey when it filed an Assignment in Bankruptcy on January 17, 2023 in the Ontario Superior Bankruptcy Court.

Convenience is always an enticement for consumers, and for those who are not particularly adept at cooking, value-added dishes and meal kits are a boon.