How To Get Into The Food Emporium
- Understand you client: Before you spend a lot of time and money creating a product, you should know if anyone will want to buy it. Learn more about Market Research
- Learn if it’s protectable: Know if you can defend your product against cheap copies if it gets knocked off. Learn more about Copyright and Patent your product
- Test your product: Make sure that there’s a demand for your product and the customer understands what you are selling when it’s on the shelf and nobody is there to explain it. Learn more about Product Testing
- Perfect your pitch: Before you speak to decision makers, know your numbers, know your retailer and know your logistics in and out. Learn more about Pitching Your Product
- Don’t do it alone: If you haven’t been successful in retail before, a secret of success is that you can’t do it alone. Having great sales staff, customer support and marketing partners can take you from zero to success faster than if you tried on your own. Learn more about Retail Partnerships
How To Get Into The Food Emporium
The Food Emporium is a chain of grocery stores in New York and New Jersey. The supermarket banner was created by Shopwell Inc., whose roots can be traced to Daitch Crystal Dairies (established 1919).
The Food Emporium is a subsidiary of The Great Atlantic & Pacific Tea Company (A&P), operating approximately 36 upscale supermarkets located in New York, New Jersey, and Connecticut, with almost half found in Manhattan and all within the greater New York City area. Food Emporium stocks a wide variety of gourmet and other expensive grocery item, as well as staples, and features such specialty shops as its Corner Deli, Seafood Cove, Corner Bakery, and Floral Shoppe.
The chain also employs in-house chefs to perform cooking demonstrations. An innovative format when launched in the late 1970s, Food Emporium has since found its niche populated by many others. The brand is associated with high quality among consumers in its market, but perhaps the chain’s greatest strength lies in its choice Manhattan locations. The retailer has however been able to command industry respect as its experience in the industry has still put it on a distinct plane.
The consumer is king in the retail business. The retailer would only sell what the consumer wants. This means, the supermarkets try to address the needs and interests of individual customers. This is by offering local, international, and metropolitan products. Thus, as a vendor, you should be looking at getting varieties to the retailer.
As a vendor, you need a unique selling point. This is the point that stands you out. Look at your products and see what you are offering differently. If not different, go back to the drawing board and see how you can rebrand or bring out a distinction. Distinctiveness can help you carve a niche for yourself in the marketplace.
For a distributor, this is an established wholesale grocer that can get your products to move as fast as possible. With the awesome varieties they offer and the established customer base, it can be easily deduced that there are customers already dedicated to what they sell. However, this is a big retailer and there is a high standard for the products they take and thus, procurement for the company may be centralized and pitching may need to go beyond the usual RangeMe platform method. You can create a buzz in the local market by offering awesome products and ensuring that you are known for every move you make in the market.
You can pitch to a top official who can take interest in your products and get it tested by other persons in charge of procurement. As the grocery offerings of this retailer are quite large, there is room for a lot of products to be supplied. If your products are quite popular in the local market, it will be easy for you to easily pitch to this retailer. You have to bring your product to top quality to help you with the pitch of the product.
Contact The Food Emporium
Do not trust any “list” of buyers.
Typically retail buyers change either companies or positions every few years. This strategy helps retailers know that their buyers are not taking “kick-backs” and are selecting the very best product for the very best position each time.
Buyers are typically held to a very rigorous standard of sell-through volume that they must hit and because of this they are risk averse. Your job as a supplier or vendor is to convince them that the buyers going into the stores not only know about what you’re selling but are actively seeking the product in the store currently.
How to Submit a Product to The Food Emporium
There are several ways to get a product placed in The Food Emporium. However, most entrepreneurs only dream about getting their product distributed to major retailers, few actually do it. We have experienced a significant rise in interest since the show Shark Tank started airing on NBC. Mr. Checkout has had the pleasure of working with a few Shark Tank success stories such as KISStixx and 180 Party Cups which are now currently being distributed around the country to stores like Walmart, Target, Kroger, 7-Eleven and more.
If you envision your product would be a good fit for The Food Emporium, we have a few steps to help you get your product on their shelves.
Here are the 6 steps you need to take to have your product placed in The Food Emporium.
1. Start with the right questions.) Before you try distributing your product to The Food Emporium, you need to ask yourself a few basic questions. Do you need to build demand for your product, or is there already a demand for it? Do you know that The Food Emporium would be interested in selling your product? If you can strike a deal with The Food Emporium, can you handle the production volume? Do you want to sell directly to The Food Emporium, or do you want to license your product to a manufacturer that will handle distribution?
2. Be prepared to profit.) Does your product offer enough of a profit margin for The Food Emporium? Can you sell your product at a reasonable enough profit to cover the packaging, shipping, commissions, marketing and wholesale distribution? Check The Food Emporium guidelines for other fees that you will have to build into the cost of your product in order for you to be able to turn enough of a profit to make the effort worth your while. If you work with a discount retailer, they will try to strip your profits down to zero in order to keep their prices as low as possible.
The typical breakdown of margins are: If a products costs $1 to produce, that product will retail for $4. That product that retails for $4 will wholesale for $2 to distributors and stores that purchase direct. Retailers like The Food Emporium = may offer to pay $1.25 to the manufacturer if the product costs $1 to produce. That is the typical profit margin.
3. Determine if is the right store for your product.) The relationship between you and The Food Emporium starts with you browsing their store for competing products. If The Food Emporium already has a similar product, it is going to be very difficult to get your product picked up. Spend some time at your local The Food Emporium to see what kind of products they are selling, speak to the manager and see if he thinks your product will sell well in their store. Picture in which zone your product would best fit on the shelf and keep in mind that the most precious asset that these big box stores value are their shelf space. Keep this information in mind when you are preparing your presentation to The Food Emporium.
If your company is minority or women owned, check The Food Emporium website and see if they offer specific opportunities for those designations.
4. Pitch your product to The Food Emporium. Decide whether it will be you or a representative to present your product to The Food Emporium. Your presentation depends heavily on your strengths as a businessperson as they will most likely ask financial questions and logistics questions.
It’s common for companies to hire a broker to pitch their product to The Food Emporium, as it will be more likely that your product will make it to the next stage if the individual pitching your product has industry knowledge or a personal relationship with The Food Emporium. The percentage of commission verses, however generally a broker will take around 5% to represent your product too The Food Emporium.
We at Mr. Checkout have experience dealing with brokers and know that there are several retail brokers that have poor business practices that can potentially damage your brand. If you are seeking a legitimate The Food Emporium, please give us a call for a recommendation. It could save you a huge headache and a lot of money.
5. Complete the required The Food Emporium paperwork. Often The Food Emporium will have you go through an application process. However, before submitting the paperwork required by The Food Emporium, you should contact a buyer at The Food Emporium and let them know your intentions. Having a contact inside of the company will potentially move your application more smoothly through the process.
6. Anticipate the need for increased volume.) Having The Food Emporium agree to stock your product will most likely mean a significant increase in volume. You should be prepared to ramp up your production and informing your manufacturer of this opportunity.
Having production, logistics and distribution to sync is not only difficult, it requires a significant amount of time invested in customer relations. Also, The Food Emporium may have stipulations in the contract that may penalize you for delays in shipping and production. Have an attorney explain all contracts to you if you don’t understand the terms.
If you’re looking to sell your product to The Food Emporium, be sure to thoroughly assess the marketplace, carefully prepare for production growth, and take full advantage of resources available to help you grow your business.
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