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The Retail Rundown: Cold Weather Influences Demand
As February winds down, grocers are looking ahead to the arrival of spring and warmer weather, which typically sparks renewed retail demand after a slower start to the year.
For now, wintry weather remains in full blast, with record-breaking cold temperatures and heavy snow impacting the Central and Eastern US this week. These conditions could support continued retail demand for items like eggs, which are seeing strong consumer interest despite rising shelf prices. However, the extreme cold may not be as favorable for meat consumption, especially in southern regions accustomed to year...
The Retail Rundown: Record Championship Game Viewership Expected to Drive Food Sales
As January comes to a close, grocers are actively preparing for the year's first major food-buying event, the pro-football championship game in New Orleans.
With a record-breaking audience expected to tune in to the big game on Sunday, February 9, retail and foodservice sectors anticipate a boost in sales as consumers indulge in game-day finger foods.
According to the National Retail Federation (NRF), an estimated 203.4 million U.S. adults will tune in with total spending projected to reach $18.6 billion...
The Retail Rundown: Post-Holiday Slowdown Influences January Spending
January typically marks a slowdown in consumer spending as households transition from the holiday season to their regular routines.
Early in the month, retailers experience a short-lived boost in sales, driven by replenishment efforts after the holiday food rush. As schools reopen and guests leave, families restock essentials for breakfast, lunch, and weeknight meals.
This restocking coincides with New Year’s resolutions, especially those focused on healthier eating. Consequently, shoppers gravitate toward the perimeter of the stores where fresh items, including produce, proteins, and dairy, are featured. Although retail...
The Retail Rundown: Diving into December Deals
With the year-end holidays soon approaching, shoppers are eagerly diving into December deals. Retailers aim to capitalize on the season's spending surge with enticing offers on everything from festive foods to decadent desserts, decor, and other holiday items.
Consumer spending on winter holidays is projected to hit a record-breaking $902 per person this year, according to a survey by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure marks a $25 increase from 2023 and surpasses the previous record set in 2019 by $16...
The Retail Rundown: Tuning in to Turkey
Retail promotions for seafood continue to dominate the protein category this week, capturing nearly a third of ad circular space (32 percent). Beef and pork follow, taking up 23 percent and 21.3 percent, respectively. Chicken is up slightly from the previous week at 16 percent. Egg ads held steady at about 3 percent.
Several items were featured at lower prices compared to 2023 last week, with chicken leg quarters averaging $1.55 per pound, 5 cents cheaper than last year. Fresh pork loin prices were down by 2 percent...
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