Eagle Daily Investor

PowerTalk: Abe’s Market — More than the Intersection of Amazon.com and Whole Foods

Joining me this week on PowerTalk is Richard Demb, the co-founder and CEO of Abe’s Market, a company that is growing briskly due to strong demand for natural foods and products, along with gluten-free, Paleo-friendly, Kosher or Raw offerings.

As you shop at your local grocery store — a Kroger’s (KR), Safeway (SWY), Harris Teeter (HTSI), Publix Super Markets or some other one — you likely have observed an increased amount of shelf space dedicated to natural, organic and gluten-free products. Figures from the U.S. Department of Agriculture find that retail sales of organic foods alone grew to $21.1 billion in 2008, up from $3.6 billion in 1997. According to Datamonitor, U.S. sales of gluten-free food and beverages are expected to reach $5.6 billion by 2015. That total compares to other figures that put the market size for gluten-free foods at $2.6 billion in 2010.

That fast growth seems likely to soar further as people become increasingly concerned about the quality of the food we eat, as well as how it is grown, raised, fertilized, etc. There doesn’t seem to be any slowdown in sight for these types of products. Better yet, they appeal to a proactive consumer — the kind of customer that any company would love to have.

That combination has done wonders for companies like Whole Foods (WFM), The Fresh Market (TFM), Natural Grocers (NGVC), United Natural Foods (UNFI) and others.

Rather smartly, Abe’s Market co-founder and CEO Richard Demb realized what could happen when the demand for natural, organic and gluten-free products was combined with the power of Internet retailing. After the launch of Abe’s Market, it grew to carry thousands of products that have the company’s stamp of approval across a number of categories including food, beauty, health, home and more. In short, Abe’s is like a combination of Whole Foods and Amazon.com (AMZN).

But there’s more…

Abe’s Market recently launched a new service offering that I think you’re going to want to hear about — leading some people to call it a Groupon (GRPN) killer.

We will address all of that and more as we go behind the scenes to hear the latest in my PowerTalk with Richard Demb, co-founder and CEO of Abe’s Market.

Listen to my behind-the-scenes PowerTalk conversation now, so you are even more in the know:

Special introductory offer: Right now you can try Chris Versace’s PowerTrend Profits risk-free for only $99.95! Find out how, here.

Access prior PowerTalk interviews here:

What You Need to Know as the Fed Gets Ready to Taper its Stimulus: Advice from Experts Douglas Holtz-Eakin and Diana Furchtgott-Roth

Sizing up Cyber Security with Sourcefire (FIRE) CTO and Founder Martin Roesch

Online Gaming with Ultimate Gaming Chairman Tom Breitling

Unveiling the Future of Coupons with Michael Vivio, president of Cox Target Media

Immigration and Immigration Reform with former Secretary of Commerce Carlos Gutierrez

Steve Forbes Focuses on the Economy, Taxes, Health Care and Obama

Susan Crawford, Author of “Captive Audience: The Telecom Industry and Monopoly Power in the New Gilded Age”

Paul Musselman, CEO of Carnegie Speech

Jim Nolan, EVP of InterDigital (IDCC)

Manish Chandra, Founder and CEO of Poshmark

Michael D. Brown, Customer Experience Expert

Debra Kaye, Partner at Lucule Consulting

Beth Solomon, President and CEO of NADCO

Bob Keheller Founder of The Employee Engagement Group

Stephen Moore of the Wall Street Journal

Currency Expert Bernard Lietaer

CEO of Accellion Yorgen Edholm

Founder and former CEO of Staples Tom Stemberg

Bestselling author Daniel Pink

dwinQ’s Patrick Sweeney

Cuttone & Company’s Keith Bliss

Visa’s Jason Alderman

GM’s Greg Martin

Consumer Electronic Association CEO Gary Shapiro

Smith & Wesson CEO James Debney

Mobile Payment expert Matt Jacobson

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About Chris Versace

Chris Versace is the Editor of PowerTrend Brief -- a FREE, weekly electronic newsletter. He also writes PowerTrend Profits, a paid monthly newsletter that helps individual investors profit through buying shares of companies poised to win big in the 8 PowerTrends, as well as writes the PowerTrader trading service that seeks to deliver short-term gains using stocks, exchange-traded funds and options. Chris has been ranked an All Star Analyst by Zack's Investment Research. He also appears regularly on radio and has been quoted in The Wall Street Journal, Investor's Business Daily and many other publications.

View all posts by Chris Versace →

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