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Trends and Statistics July 22, 2024Summer Retail Sales Remain Steady
During the four weeks ending June 29, revenue across discretionary general merchandise and consumer packaged goods grew one percent and unit demand remained level with the same time last year...Topics: -
Industry Operations July 12, 2024Consumers Refuse High Prices
PepsiCo and Conagra Brands pointed to cost-conscious consumers rejecting high prices as a factor for lower revenue and unit sales during their quarterly earnings reports.Topics: -
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Industry Operations July 08, 2024CPG Companies Lean Into Promotions
In the 12 months ending June in the U.S., 28.6 percent of products sold were part of promotions, including discounts, coupons, and spending on special placement... -
Industry Operations July 03, 2024Climate Change Squeezes Supplies, Pushes Prices
Rising average annual temperatures and shifting weather patterns as a result of climate change are reducing crop yields, effectively squeezing supplies...Topics: -
Industry Operations July 02, 2024Consumer Spending Variation Perplexes CPG Companies
CPG companies are experiencing a divide in their customer base: higher-income consumers are spending freely while lower-income shoppers are tightening their spending.Topics: -
Industry Operations June 27, 2024Industry Names Challenges, Strategic Investments
The food industry is investing in strategies to modernize the grocery shopping experience while dealing with asset protection concerns and inflationary challenges...Topics: -
Foodservice, Suppliers, Retailers June 22, 2024Shoppers' Grocery Carts Shrink
Americans are buying less for at the grocery store as a result of inflationary pressures...Topics: -
Industry Operations June 22, 2024Fast Food Diners Shift to Casual Chains
Casual-dining chains are seeing an influx of customers disillusioned by higher fast-food prices, said the Olive Garden parent Darden Restaurants, Rick Cardenas in a Thursday earnings call...Topics: -
Industry Operations June 21, 2024White House: Grocery Inflation Has Cooled
Grocery inflation is way down from its recent peak, some grocery prices have fallen, and because wage growth has been strong, grocery purchasing power is up...Topics: -
Industry Operations June 18, 2024Grocery Bills Weigh on Shoppers
Roughly 80 percent of Americans note that grocery costs have notably increased since the pandemic, according to a recent Intuit Credit Karma report...Topics: -
Industry Operations June 14, 2024Canadian Grocers Warned of Price Hikes
Canadian grocers are receiving price increase notices from domestic suppliers slated to roll out over the summer... -
Industry Operations June 13, 2024Food Inflation Continues to Soften
In May, food inflation continued to moderate year-over-year, providing shoppers with much-needed relief...Topics: -
Trends and Statistics June 10, 2024Retail Sales Climbed in May
Total retail sales, excluding automobiles and gasoline, were up 1.35 percent seasonally adjusted month-over-month and up 3.03 percent unadjusted year-over-year in May.Topics: -
Foodservice, Suppliers, Retailers June 07, 2024Persistent Inflation Distresses Food Industry
Grocery sales in 2023 were hit by both inflation and the expiration of pandemic era benefits.Topics:
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