18 Sep '12, 11pm

How Stop and Shop saved $100 million by paring food waste #GrnBz via @GreenBiz

How Stop and Shop saved $100 million by paring food waste #GrnBz via @GreenBiz

The USDA estimates the food retail industry takea a $47 billion hit in the form of food losses, about 9 percent of its food supply. Seeing its losses as more than just a chunk of change, in 2007, the $16 billion grocery chain Stop and Shop/Giant Landover took a close look at purchases, sales and shrink (the industry term for losses) in all of its perishables. It found whole stock-keeping units (SKUs) that weren’t necessary. It also found that their philosophy of “pile ‘em high watch ‘em fly” -- the belief that abundant piles of produce sells more — led to spoilage on the shelf, displeased customers who came upon spoiled product and required more staff handling to sort out the damaged items. In the end, Stop and Shop was ultimately able to save an estimated annual $100 million by making small changes that reduced its loss in perishables. Equally important, customers did not...

Full article: http://www.greenbiz.com/blog/2012/09/17/cutting-food-wast...

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