Point of Sale Logo


Point of Sale

An inside look at top retailers and the consumers they covet

Twin Cities' consumers love organics; get more retailers, choices

The market for organics is increasing at more than twice the rate of conventional food and nonfood products. Sales of organics grew nearly 12 % in 2014 with similar increases expected when 2015 numbers are released, according to the Organics Trade Association. 

The increase is leading to explosive growth of supermarkets in the Twin Cities with an emphasis on organics, including Lucky's Markets and Fresh Thyme. But conventional supermarkets are rapidly expanding their organic selections too. Newbies such as Hy-Vee, as well as Cub and Aldi, are enhancing their selection.

Colorado-based Lucky's Markets, already in 11 states, is scouting sites in the Twin Cities. Similar to Fresh Thyme, which had its Minnesota debut in Bloomington last year, Lucky's looks like a co-op but is slightly larger. In what may be a swipe at Whole Foods, Lucky's labels itself as "organic for the 99 percent." Its locations are about 30,000 square feet, about half the size of a typical supermarket. Lucky's stores also have separate liquor stores.

Fresh Thyme will open stores in Apple Valley and St. Louis Park this year with Coon Rapids, Plymouth, Savage and a U of M Minneapolis store after 2016.

Whole Foods isn't new to the Twin Cities, but its smaller concept called "365" would be. The compact version of its stores will debut in three locations this year in California and Texas, but up to 10 more are expected around the country in 2017. No "365" locations are confirmed for Minnesota yet. What is known is that a new full-line Whole Foods store will open in Woodbury in 2017 and a larger St. Paul store moved to Snelling and Selby earlier this year.

Hy-Vee, which opened stores in Oakdale and New Hope in 2015, will open stores in Lakeville (early summer), Brooklyn Park (summer), and Eagan (late summer) in 2016. Savage will open in spring 2017 and Maple Grove and Cottage Grove have opening dates TBD.

Cub Foods will open its new store in Oakdale May 10 to compete with Hy-Vee across the street. The new store will have an expanded organics selection. The SuperValu-owned chain that dominates the Twin Cities continues to expand the Wild Harvest organic line, now with nearly 500 certified organic items in 70 categories.

Costco is the presumptive king of organic grocery sales, according to BMO Capital Markets. Last year Costco was expected to sell $4 billiuon in organic products compared to Whole Foods selling $3.6 billion. The warehouse club continues to add organic items with sales on those items growing by more than $1 billion. Earlier this year it was announced that Costco purchased a building in Northeast Minneapolis for a small business store. Those locations do not typically carry fresh produce.

Discount grocer Aldi will open 5 new stores in Minnesota in 2016, including Cottage Grove, which debuted last month. Aldi is trying to broaden its appeal by removing monosodium glutamate, or MSG, synthetic colors and partly hydrogenated oils from Aldi-brand foods, which account for about 90 percent of its goods. The organics selection continues to grow, with more than a dozen items in produce as well as cheeses and grass-fed ground beef. Organic chicken is being tested in other states.

Trader Joe's opens a new downtown Minneapolis location in 2017.

10 things your kid should know about money by age 18

As a person with a background in personal finance, I am embarrassed that I haven't shared those skills with young relatives. So even though I have no kids, any money smarts my nieces and nephews have didn't come from me.

So when I hear that parents have difficulty talking to their kids about money, I have nothing but empathy. According to a T. Rowe Price survey, 71% of parents are reluctant to talk to their kids about money. 

There are many books about teaching kids about money, but I question that a book is the most effective tool. I prefer many of the experiential Share Save Spend tools by Minneapolis financial educator and author Nathan Dungan.

Americans are more likely to spend large blocks of time researching a vacation than looking into the finer points of money management. So when I saw that Kiplinger had compiled a short, practical list of 10 Things Every Kid Should Know about Money by Age 18. I saw it as an excellent starting point for busy parents.

The tips are written by Janet Bodnar, author of many books about kids and money, including "Raising Money-Smart Kids." Each tip includes relatively painless ways to accomplish the goal based on how old the child is. It is easier for a 16-year old to understand saving for college than a 6 year old, for example.

Some of Bodnar's tips include:

How to save for a goal

How to manage an allowance

How to explain they can't have everything they ask for

How to be generous

How to spend smart

How to stay away from debt.

Good luck, parents.