We explore three key priorities for Iceland shoppers and show how one of its newest Food Warehouse stores is meeting these needs.
1. Saving money is the main driver of footfall
30% of Iceland shoppers said they chose the retailer mainly because it helped them save money. Consider how you can partner with Iceland to help shoppers save, for example with money-off coupons, branded competitions or value packs.
They’re also ready and willing to shop around, as price is so important to them. Iceland will need to maintain this price advantage to keep them coming back.
However, Iceland shoppers are prepared to pay more at times, for example when products are easier to cook or prepare. There’s an opportunity to encourage trade-up for ranges that meet these criteria.
Showing value in Iceland Food Warehouse, Wolverhampton
2. Choice and innovation is important in products and pack sizes
Most Iceland shoppers (93%) also shop in variety discounters. So as the discounters increase their range of grocery products, there’s a greater risk of Iceland shoppers visiting more. Private label, exclusive ranges and limited-edition products can all help Iceland differentiate and give shoppers a reason to visit its stores.
There’ll be greater ranging opportunities for suppliers who can help Iceland do this. And it doesn’t just have to be in food. Iceland’s trialling new non-food categories (homewares and party range) in its Wolverhampton Food Warehouse.
Iceland shoppers also want variety in other areas. They’re more likely to claim that a good choice of pack sizes helped them choose the retailer for their last shop. If you can provide multiple sizes to meet different shopper needs, this will create growth opportunities for your brand.
Exclusive ranges in Iceland Food Warehouse, Wolverhampton
3. They’re looking for evening meals that are quick and easy to prepare
31% told us they were looking for an evening meal on their last visit, compared to 17% for all grocery shoppers. Iceland’s broad range of frozen ready meals gives customers quick, easy and affordable options. This proposition makes it a popular choice for shoppers looking to buy products for this meal occasion.
Range innovation will be a priority for Iceland as it looks to surprise and delight its shoppers. You’ll need to make sure your innovation pipeline is aligned to growing food trends and changing shopper preferences.
Meal solutions in Iceland Food Warehouse, Wolverhampton
Shopper Insight Manager
Strategic Senior Retail Analyst
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