Upside

Soonho Kwon joined Upside in 2022 and has been growing his role ever since. 🚀 He went from an analytics engineer to tech lead of the AE team… read more for his take on what other people need to know about getting started in data engineering. Full story here: https://hubs.li/Q02RjtMl0

🛒 Last chance to register! Join Upside’s Tyler Renaghan and Schnuck Markets, Inc.'s Tom Henry as they break down the latest in consumer buying trends and their impact on grocery retail. Link to RSVP in the comments.

Headed to #Groceryshop or #NACSShow next month? Join us on Monday, Oct. 7, at multiverse playground AREA15, where you can pick from among dozens of immersive experiences. Explore new worlds in VR, wander through Meow Wolf’s mind-bending Omega Mart, and much more. Apps and drinks are on us, along with cosponsors Shipt and Snowflake. We look forward to seeing you there! Save your spot at the link in the comments.

There’s still time to register for this week's webinars! 🗓️ Tomorrow: join Upside’s research economist Thomas Weinandy and solutions engineer Hayley Miller as they break down the latest in consumer buying trends. 🗓️ Thursday: grocery experts Tyler Renaghan from Upside and Tom Henry from Schnuck Markets, Inc. examine grocery shopping behavior. Links to RSVP in the comments.

💡 Uncommitted customers now make up the majority of shoppers. Is your growth strategy built to win more of their purchases? Join our webinar to unlock the insights from our inaugural Consumer Spend Report: https://hubs.ly/Q02Qx2ZX0

🛒 #Groceryshop is approaching fast, and we can’t wait to see you. Want to connect? 👉 Find us on the showroom floor at Booth A530 👉 Kick back and unwind in the Foundation Room with us and co-sponsors Bungee Tech, Shipt and Upshop 👉 Join us at AREA15, a multiverse playground with more than two dozen immersive experiences to choose from Still need to save your spot at these events? Links in the comments!

⛽️ We’re looking forward to the #NACSShow next month. Want to connect? 👉 Find us on the showroom floor at Booth C5952 👉 Join us at AREA15, a multiverse playground with more than two dozen immersive experiences to choose from Still need to save your spot at AREA15? Link in comments!

New government data is out! Today’s CPI report shows that August had the lowest inflation since February 2021, establishing that the Fed is on track for an interest rate cut this month. This could stimulate economic activity and hopefully lead to further cuts over the next year. Of particular note: grocery prices. Grocery inflation is now at 0.9% annually — the lowest rate since June 2021. Consumers still perceive their shopping list as being more expensive, but grocery prices have remained remarkably stable over the past year. Month-over-month changes: 📈 Total inflation: 0.2% ⛽ Gas (all types): –0.6% 🛒 Food at home: 0.0% 🍔 Food away from home: 0.3% Year-over-year changes: 📈 Total inflation: 2.5% ❗ ⛽ Gas (all types): –10.3% 🛒 Food at home: 0.9% ❗ 🍔 Food away from home: 4.0%

Upside boosts the impact of your loyalty program at every touchpoint in the customer journey by… ✅ Driving more loyalty signups ✅ Motivating members to visit more often ✅ Increasing members’ basket size and monthly spend Our new tactical guide shows exactly how we do it. Link in comments to get your copy.

Good news for consumers *and* retailers: new BLS data shows that average wage growth is outpacing inflation. That could encourage cautious, uncommitted consumers to spend more. Unemployment is also ticking down, which increases job security and consumer confidence — leading to larger purchases or more frequent spending. The data: 💰Average hourly earnings increased 3.8% year over year, compared to 2.9% inflation over the same period. 👷142,000 new jobs were added in August, slightly lowering the unemployment rate to 4.2%. ✂️ With today’s data in line with expectations, it’s still likely the Fed will begin cutting interest rates in September. This would further increase economic activity, all while inflation is cooling. #consumerconfidence