United Natural Foods to Offer Retailers Innovative Smart Shelf Tags™ to Better Engage Consumers, Improve Product Transparency, and Help Drive Purchase Decisions

Rhea-AI Summary

United Natural Foods (NYSE: UNFI) has partnered with Cornerstone for Natural to introduce Smart Shelf Tags, utilizing ELi QR Codes for enhanced product information accessible to shoppers via their mobile devices. This innovation aims to improve consumer engagement and transparency, allowing suppliers to directly communicate valuable product information, including nutrition, offers, and brand stories. The initiative responds to the rising demand for in-store product insights, particularly in categories like vitamins, organic products, and gourmet foods.

Positive

• Introduction of Smart Shelf Tags improves consumer engagement and transparency.
• Utilization of ELi QR Codes enhances security and provides richer product information.
• Direct communication between suppliers and shoppers can boost brand loyalty.

Negative

• None.

Innovative shelf tags contain ELi QR Codes™ that give in-store shoppers product information & digital content in the grocery aisle

PROVIDENCE, R.I.--(BUSINESS WIRE)--

United Natural Foods, Inc. (NYSE: UNFI) (“UNFI”) today announced a new agreement with Cornerstone for Natural™ to bring their Smart Shelf Tag program to UNFI’s suppliers and retailers. Smart Shelf Tags contain ELi QR Codes, an enhanced, more secure version of a QR code, which can be scanned to provide shoppers with additional product information and rich digital content on their mobile phones without requiring an app. Smart Shelf Tags are an innovative and versatile program for suppliers and retailers to engage and educate consumers while they’re shopping in-store.

Offering innovative solutions that leverage technology and help optimize grocery retail businesses is a core part of UNFI’s strategy and the company’s agreement with Cornerstone for Natural™ will bring Cornerstone’s Smart Shelf Tag program to UNFI’s suppliers and retailers. These Smart Shelf Tags contain ELi QR Codes, an enhanced, more secure version of a QR code, which can be scanned to provide shoppers with additional product information and rich digital content on their mobile phones without requiring an app. (Photo: Business Wire)

As consumer demand for product information and insights grows, UNFI is working to increase access to additional information and provide product transparency on the shelf. Because most in-store shoppers consult their mobile phones about products, these Smart Shelf Tags are designed to engage shoppers with targeted content direct from suppliers while they’re physically shopping in the grocery aisle. In addition, the tags increase product transparency, create a touchpoint between suppliers and shoppers, and can help grocery retailers build consumer loyalty and trust.

While the ELi QR Codes used on Smart Shelf Tags look like familiar QR codes, they are more secure. They not only provide a scannable code, they also incorporate the back-end content to which users are directed. The content for an ELi QR Code is sourced from the supplier, automatically populates for each individual UPC, and may include promotional offers, nutrition and allergen information, testimonials, traceability information, brand stories, videos, and images. Retailers never have to source, manage, or update content and the codes are automatically printed on the tags. Cornerstone has built over 120,000 ELi QR Codes, thousands from prominent consumer packaged goods (CPG) brands and new and emerging brands alike.

Consumers have shown that they value information when selecting a brand and will remain more loyal to brands that provide greater transparency. Certain product categories are a natural fit for Smart Shelf Tags, especially those from which consumers seek more information before deciding on a purchase: vitamins and supplements, wine and spirits, gourmet cheese, natural and organic products, functional foods, local items, and those from new and emerging CPGs.

“UNFI is excited to enable better transparency and communication between our suppliers, retailers, and shoppers,” said John Raiche, Executive Vice President of Supplier Services & Merchandising at UNFI. “Consumers have shown that they care about the values and beliefs of the brands they purchase, and with Smart Shelf Tags, suppliers can communicate directly with shoppers about their products and tell the stories behind their brands.”

Offering innovative solutions that leverage technology and help optimize grocery retail businesses is a core part of UNFI’s strategy. Through its Professional Services portfolio, UNFI offers a variety of tools and solutions that help retailers drive store traffic, save time and money, reinvest in their businesses, and enhance shoppers’ overall experience.

“Retail is changing, and we need to change with it,” said David Williams, Cornerstone’s EVP of Business Development. “Retailers and brands need to work together to engage and educate their shoppers and our smart shelf tags provide this unique opportunity, helping with decision-making at a key point of purchase in the store.”

UNFI Professional Services offers the most comprehensive suite of services and solutions for grocery retailers in the market today. With over 150 customizable solutions, UNFI Professional Services helps grocery retailers succeed by reducing operating costs, driving traffic, increasing basket size, and enhancing the customer experience. Services offered include pricing support, in-store shelf management, planograms, POS and cashier-less checkout technology, store remodels, and much more, helping retailers keep pace with the changing landscape of grocery and stay focused on what matters most: delighting customers to win in the market.

About UNFI

UNFI is North America's premier grocery wholesaler delivering the widest variety of fresh, branded, and owned brand products to more than 30,000 locations throughout North America, including natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and food service customers. UNFI also provides a broad range of value-added services and segmented marketing expertise, including proprietary technology, data, market insights, and shelf management to help customers and suppliers build their businesses and brands. As the largest full-service grocery partner in North America, UNFI is committed to building a food system that is better for all and is uniquely positioned to deliver great food, more choices, and fresh thinking to customers. To learn more about how UNFI is Fueling the Future of Food, visit www.unfi.com.

About Cornerstone for Natural

Cornerstone for Natural (www.CornerstoneForNatural.com), a division of Cornerstone Consulting, Inc., is the industry’s leading business management software (BWS) and enterprise resource management (ERP) software provider. Their ELI Code Technology helps its clients communicate rich product content easily and accurately and their modular Business Management Software systems help their clients be more efficient, productive, and profitable by connecting, integrating, tracking, and reporting on all aspects of their business operations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221027006097/en/

For Investors:

Kristyn Farahmand

401-213-2160

kristyn.farahmand@unfi.com

-or-

Steve Bloomquist

952-828-4144

steve.j.bloomquist@unfi.com

For Media:

Jeff Swanson

952-903-1645

jeffrey.s.swanson@unfi.com

Source: United Natural Foods, Inc.

FAQ

What is the new Smart Shelf Tag program by UNFI?

The Smart Shelf Tag program by UNFI features ELi QR Codes, allowing shoppers to access detailed product information directly from their mobile phones.

How do ELi QR Codes enhance product transparency for UNFI?

ELi QR Codes provide secure, detailed, and dynamic product content that helps consumers make informed purchasing decisions.

What benefits do Smart Shelf Tags offer to grocery retailers?

Smart Shelf Tags help grocery retailers increase customer engagement, loyalty, and enhance the overall shopping experience.

Which product categories are ideal for Smart Shelf Tags?

Smart Shelf Tags are particularly effective for categories like vitamins, organic products, gourmet foods, and new emerging brands.

When was the partnership between UNFI and Cornerstone for Natural announced?

The partnership to introduce Smart Shelf Tags was announced by UNFI on October 27, 2022.