CNBC/NRF Retail Monitor Shows Retail Sales Grew in March Amid Wage Gains and Easing Inflation 

Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.

“As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” NRF President and CEO Matthew Shay said. “In this highly competitive market, retailers are having to keep prices as low as possible to meet the demand of...

Mintec's 2024 US Easter Index

Mintec’s US Easter Index measures price fluctuations across key food commodities that are typically consumed in the US during the Easter period. The US Easter Index compares the commodities’ prices in March 2024 against March 2023 to determine whether consumers will be hypothetically better or worse off this Easter. The Index is comprised of three sub-indices: the US Easter Protein Index represents a selection of meats, fish and eggs that will typically be eaten as part of a main Easter dinner; the US Easter Chocolate Index compares the main...

Circana Announces Top 50 U.S. Restaurants

Circana™, the leading advisor on the complexity of consumer behavior, today released its 2024 Definitive U.S. Restaurant Ranking Report, offering insights into evolving consumer habits, performance trends, and the top players in the industry.

While restaurant traffic saw a modest growth of 1% in 2023 compared to the previous year, a 5% increase in consumer spending was recorded, surpassing the 4% growth observed in 2022. Notably, the industry now stands as a half-a-trillion-dollar juggernaut, with dollars exceeding 2019 levels by 12%, despite traffic remaining 8% below prepandemic levels...

ANALYSIS: A Look at Steak Cuts That Are Soaring and Sinking in 2024

Through nearly the first quarter of the year, the steak cuts within the boxed beef market have traveled down strikingly different paths. While there are several factors impacting the market, there are a handful of key standouts that have impacted some popular cuts as we near the end of the first quarter of 2024.

Let’s start with ribs and tenderloins. These items saw the bulk of seasonal discounting early in the year. Winter storms swept across the nation in January and those helped provide a floor and...

19th Annual Power of Meat Reports Strong Meat Consumption, Evolving Consumer Trends

The number of Americans who describe themselves as meat eaters (80%) and the number of households that purchase meat (98%) remain steady from 2023, while the number seeking to decrease meat consumption has fallen by 20% since 2020, according to the 19th annual Power of Meat report released today by the Meat Institute and FMI—The Food Industry Association.

According to data cited from Circana, overall household penetration averages above 97% for all incomes, ethnicities, household sizes and ages...

Texas Foodservice Industry Surpasses $100 Billion in Sales for the First Time

According to the latest data from the U.S. Bureau of Labor Statistics, the Texas foodservice industry has achieved two major milestones, crossing the $100 billion sales threshold for the first time and graduating to the largest private sector employer in the state, surpassing the healthcare industry. These milestones and new data collected from a diverse group of restaurants across Texas reflect the resiliency of the industry that continues to grapple with the economic shock waves caused by the COVID-19 pandemic...

The Habit Burger Grill Introduces $6 Grown-Up Meal After Discovering Adults Love Kids' Menu Savings

The Habit Burger Grill, known for its flame-fresh chargrilled Charburgers, signature sandwiches, salads, and shakes, has sponsored a study on Americans' dining habits amidst inflation. Conducted by OnePoll and surveying 2,000 adults nationwide, the study revealed a surprising trend: while 75 percent of Americans support adults ordering from kids' menus to save money, many feel too embarrassed to do so. In fact, only 20 percent reported they actually have ordered a kid’s meal for themselves...

Market Force Study Reveals America's Top Grocers, and What Feeds Consumers Choice of Where to Shop

Market Force's newest syndicated research covering grocery retailers suggests that consumers are still focused on pricing and promotions, but that slowing inflation has allowed them to also choose grocers based on convenience, cleanliness, and variety of merchandise available. H-E-B, Fry's, King Soopers, Brookshire Grocery and Food Lion rank at the top of consumer preference, receiving the highest proportion of consumer spending across 40+ grocery brands named in the study. Interestingly, "loyalty" to a grocery brand, doesn't necessarily translate to higher...

February CNBC/NRF Retail Monitor Numbers Show Consumers Continued Spending in February

Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access February’s retail data.

Total retail sales, excluding automobiles and gasoline, were up 1.06% seasonally adjusted month over month and up 6.3% unadjusted year over year in February, according to the Retail Monitor. That compared with a decrease of 0.16% month over month and an increase of 2.34% year over year in January...

Q4 Trends Report: Catering Orders Surge with New Digital Ordering Channels, Food & Alcohol Insights 

Toast, the all-in-one digital platform built for restaurants, today announced its Q4 2023 Restaurant Trends Report, providing insight into the overall state of the U.S. restaurant industry through an analysis of aggregated data from selected cohorts of restaurants and in select U.S. metropolitan areas on the Toast platform, which serves approximately 106,000 restaurant locations as of December 31, 2023. Read more details about our methodology below.

This report looks into catering and large event transactions on the Toast platform, trends in...

Circana Report Reveals Private Brands Surge Amidst Inflation 

Supporting shoppers by investing in innovation and promotions is key for retailers.

Circana™, the leading advisor on the complexity of consumer behavior, ​​today released a new report on the state of private brands (also referred to as store brands or private labels). Despite high inflation, private brands have experienced growth, surpassing $217 billion in sales in the United States market. The report, “CPG Private Brands Update,” provides an update on the store brand landscape, and identifies retailer opportunities to increase demand for their own brand and private brand...

New Research Identifies Opportunities for Aligning on Consumer Eating Occasions

Insights revealed today from FMI – The Food Industry Association, Oliver Wyman and Circana demonstrate new opportunities for food industry trading partners to cater to shoppers’ expanding definitions of value. The research, Finding Growth for Food & Beverage at Retail: Winning Eating Occasions throughout the Day, supports go-to-market strategies and ways in which grocers can attract more shopper relevance regarding needs, experiences, tastes, rewards, health – and especially convenience.

Mark Baum, senior vice president of industry relations and chief collaboration officer, FMI said, “The research showcases how food and...

New FMI Report: Food Industry Committed to Health and Well-Being Initiatives

Most food industry companies are operating with established nutrition, health and well-being strategies to meet increased shopper focus on healthy eating

As Americans’ interest in nutrition and healthy eating has increased in recent years, companies across the food industry have implemented numerous initiatives to support consumers’ health needs and priorities, according to FMI – The Food Industry Association’s new Food Industry Contributions to Health and Well-Being 2024 report. The survey, conducted in October 2023, includes insights from both retailers and product suppliers... 

Podcast: Agri-Food for Thought on Valentine's Day and "Hot" Cocoa Prices in 2024

Jamie and Simon gear up for Valentine's Day with insights on consumer spending and the price tag on the food products they love. Featuring special guest, Andrew Moriarty! Listen Now. 

Cargill “Protein Profile” Finds Shrinking, Time-Strapped U.S. Households Demand Easier Meal Options 

Annual trends report reveals top industry insights, including consumers’ desire for more diverse and globally inspired foods on their menus

North American consumers need protein solutions that are right-sized, simple, globally inspired and affordable. That’s according to the newly published “Protein Profile,” an annual report produced by Cargill’s North American Protein business. The comprehensive findings are compiled by Cargill’s Marketing and Insights team, based on their own proprietary research and market intelligence gleaned from working with North America’s top retailers, food manufacturers and restaurants...

Americans to Eat 1.45 Billion Chicken Wings for the Big Game

With the second biggest eating day of the year after Thanksgiving upon us, there’s no hotter time for chicken wings. According to the National Chicken Council’s 2024 Wing Report, Americans will devour 1.45 billion wings while watching Kansas City and San Francisco battle for the championship trophy.

“Football is great. Wings are great. But they’re even better together,” said Council spokesman Tom Super. “Sure, you can have your chips, your guacamole, your pizza. But when it comes to menus next Sunday, wings rule the roost...

Rise of Ketogenic Dietary Preference Spurs High Protein Launches in Asia, says GlobalData

Growing awareness of the significance of a ketogenic diet for weight loss and weight management is driving consumers to read labels and ingredient lists when shopping for food and drinks. Brands are therefore focusing on innovations to keep up with changing consumer demands for high protein products, says to GlobalData, a leading data and analytics company.

Parthasaradhi Reddy, Consumer Lead Analyst at GlobalData, comments: “Health is an important motivator for Asian shoppers when buying food and drinks, given the high obesity levels and the need for...

Pizza Hut Releases Report on 2024 Pizza Trends

To kick off the New Year, Pizza Hut is revealing its latest research on pizza trends and top predictions of what's to come in the pizza category for 2024. Pizza Hut has led the way with culinary innovation and iconic pizzas since 1958, from the Original Pan® Pizza to Original Stuffed Crust® to its latest category innovation, Pizza Hut Melts®. The leading pizza destination continues to push boundaries, always staying on the pulse of the latest trends and consumer behaviors to introduce new...

Americas Food and Grocery Sector Projected Growth and Competitive Landscape Through to 2027

The "Americas Food and Grocery Sector Overview, Market Size, Competitive Landscape and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

Recently published data provides an extensive analysis of the Food and Grocery retail sector across the Americas, with robust growth forecasts and market shares of leading retailers.

A comprehensive databook offering groundbreaking insights into the Food and Grocery sector within the Americas has been added to our vast repository of industry research. This resource is poised to be invaluable for stakeholders looking to navigate the...

Mintec Releases "Christmas Dinner Index 2023" Report

2023 Restaurant & Delivery Data Report by Otter

2023 was a year of mixed performance for the global restaurant industry. While restaurants generally recovered from pandemic-era losses, record-breaking inflation took a bite out of many eateries’ profit margins. Now more than ever, restaurant tech is critical to help eliminate redundant costs and maximize returns on every order served. That’s what more than 275,000 businesses have been doing with Otter’s Restaurant Operating System.

In this report, you’ll find the most vital (and most timely) data points for the success of today’s restaurants across the United States and Canada...

Consumer Spending in U.S. Restaurants Continued to Rise in November

Household spending is being supported by consumers' positive sentiment about their local economies.

Restaurant sales rose steadily in recent months, as resilient consumers maintained their willingness to spend on experiences.

Eating and drinking places* registered total sales of $94.7 billion on a seasonally adjusted basis in November, according to preliminary data from the U.S. Census Bureau. That was up a solid 1.6% from October’s upward-revised volume of $93.2 and represented the ninth consecutive month of sales growth...

Heavy Restaurant Breakfast Buyers Drive Both Commercial Restaurant Visits and Retail Sales

Continuing its cross-channel analysis to gain the most robust Complete Consumer™ insights, Circana™, a leading advisor on the complexity of consumer behavior, today released new findings on morning tradeoffs happening across consumer packaged goods (CPG) and foodservice purchases. The latest insights highlight consistent growth in commercial restaurant visits for morning meals (+4% in the last 12 months), driven primarily by Tuesday to Thursday visits, when people are most likely to be commuting to the office.

The key driver of this restaurant growth, the heavy...

Fast Food & Quick Service Restaurants Take Off: Market to Reach US$318 Billion by 2034

The fast food and quick service restaurant market is expected to continue its upward trajectory, fueled by convenience, affordability, technological advancements, and evolving consumer preferences. Addressing health concerns and offering innovative, healthy options will be key for market players to thrive in the future.

The valuation for the global fast food & quick service restaurant market was around US$ 1 87,774.1 million in 2023 and is projected to exhibit a CAGR of 4.90% over the forecast period...

CNBC/NRF Retail Monitor Shows Strong Retail Sales Gain for First Half of Holiday Season

The holiday shopping season got off to a good start in November as retail sales showed strong gains, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access November retail data.

“November Retail Monitor data shows that consumers are embracing the holiday season and promotions being offered by retailers,” NRF President and CEO Matthew Shay said. “Value conscious shoppers are out looking for deals as they purchase gifts for family and friends, and...

DoorDash’s Dash From the Past 2023 Trend Report and a Look Back at Ten Years of Deliveries

2023 was all about milestones. While DoorDash celebrated its 10th anniversary and a decade of empowering local communities, we know our customers celebrated special moments, too. Whether it was a birthday, graduation, holiday, game day or just because – this year, customers celebrated the moments that mattered. From serving up the best of your local neighborhood cuisine to coming in clutch with the perfect gift that you definitely didn’t forget about, no matter how big or small these moments were, DoorDash was there to...

U.S. Pork a High-Quality, Convenient Option for Consumers in Korea

USMEF is partnering with Korean retailers to develop and promote U.S. pork in new home meal replacement products.

Korean processors, retailers and restaurants are working aggressively to develop new ideas to satisfy the needs of fast-growing, single-person households in Korea, which now account for 41% of all households.

Consumer demand for quality and convenience is booming and USMEF is partnering with retailers to develop and promote new products with U.S. pork for as home meal replacement (HMR) options.

One such partnership has been an ongoing collaboration with...

Experts at Columbus Craft Meats Welcome the Holiday Season with Insight on Latest Charcuterie Trends

While no one holiday gathering is the same, certain traditional elements are consistent with parties this time of year. Lights and decorations adorn roofs, walls and fixtures, surrounded by beloved friends and family in the warmth of an inviting home. And of course, what holiday party is complete without an appetizing spread of delicious food?

Charcuterie has become an integral part of holiday celebrations for people throughout the country, as charcuterie boards — consisting of meat, cheese, acid, crunch and a "wow" factor — are especially popular...

More People Than Ever Expected to Shop During Thanksgiving Holiday Weekend

An estimated 182 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is 15.7 million more people than last year and is the highest estimate since NRF began tracking this data in 2017.

“The Thanksgiving holiday weekend marks some of the busiest shopping days of the year, as consumers enjoy the tradition of shopping for the perfect gifts for friends and loved...

Amazon Leads U.S. Grocery Retailers in Personalization Followed by H-E-B and Kroger, dunnhumby Finds

Dunnhumby, the global leader in customer data science, today released a special edition of the dunnhumby Retailer Preference Index (RPI), designed to determine which retailers in the $1 trillion U.S. grocery market personalize the shopping experience best for their customers. In this inaugural RPI for Leadership in Personalization, dunnhumby found that Amazon stands apart from all other retailers followed by H-E-B in second and Kroger rounding out the top three. These three retailers are at the top of the rankings because...

Holiday Grocery Shopping Habits

Though technology has undeniably evolved the way we communicate, I’ve found that no text, call, or video chat can replace the warmth of hugging my mom. The holiday season for me is a time of strengthening familial bonds, gifting joy, and indulging in the “Superbowl” of meals. Raised by a large village of multigenerational family and friends, these moments spent together come few and far between and are deeply cherished. Whether hosting or traveling home, our U.S. Grocery Shopper Trends, Holiday Season report finds more than 90% of Americans are celebrating Thanksgiving and the December holidays...

Census Says Retail Sales Grew Year Over Year in October But Growth Continued to Slow

Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, National Retail Federation Chief Economist Jack Kleinhenz said in response to the U.S. Census Bureau’s release of monthly retail sales data today.

“Fourth-quarter consumer spending stepped off on a more moderate pace, as expected,” Kleinhenz said. “The staying power of the American consumer has been the story of 2023, but financial conditions have...

OpenTable Debuts Annual Top 100 Restaurants List Alongside 2023's Biggest Dining Trends

As 2023 comes to a close, bringing holiday and year-end celebrations, OpenTable is helping diners select the perfect venue with the debut of its Top 100 Restaurants in America list for 2023. Featuring an updated methodology using OpenTable diner reviews and new metrics, the list uncovers some of the most in-demand restaurants by OpenTable diners this year.1

Additionally, OpenTable insights from the year (January 1 – September 30) compared to 2022 reveal shifts in diner behaviors and cravings. Highlights include...

Cost of Thanksgiving Dinner Down Slightly from Record High in 2022

Gathering around the table for a Thanksgiving dinner won’t take as much of a toll on your pocketbook this year compared to 2022, but the meal still reflects historically high costs. The American Farm Bureau Federation’s 38th annual survey provides a snapshot of the average cost of this year’s classic holiday feast for 10, which is $61.17 or less than $6.20 per person.

This is a 4.5% decrease from last year’s record-high average of $64.05, but a Thanksgiving meal is still...

Majority of Thanksgiving Celebrations Predicted to Include Whole Turkeys this Year

As Thanksgiving quickly approaches, Cargill's U.S.-focused Future of Turkey study indicates a return to traditional Thanksgiving celebrations, with more than 8 in 10 consumers who responded saying they plan to purchase a whole turkey this year. This marks a turnaround from previous years when consumers often purchased individual turkey parts such as turkey breasts as they exercised caution during the pandemic with smaller gatherings and celebrations.

“Americans hold onto the belief that a whole turkey should be the centerpiece of a Thanksgiving meal with family and friends,”...

Plant-Based Meat Products Served Out-of-Home Grow by Almost 50% Across Europe’s ‘Big 5’ Countries

According to research from Circana, the leading advisor on consumer complexity that formerly traded as IRI and The NPD Group, the trend towards eating alternative plant-based meat protein products in out- of-home (OOH) eateries, such as quick-service restaurants (QSR), cafes, pubs and bars has increased by 48% in servings compared to 2019 across Europe’s ‘Big 5’ countries[i]. While in other food protein categories, the number of total product servings declined, including Beef (-5%), Pork (-16%), Chicken... 

Louisiana Fish Fry Products Reveals New Survey Findings Around America's Fried Chicken Obsession

In honor of National Fried Chicken Sandwich Day and National Louisiana Day on Nov. 9, Louisiana Fish Fry Products, the leading supplier of Louisiana-inspired breadings & batters, boil seasonings, sauces, and spices, has released new insights around all-things fried chicken. 2,000+ people across the country were asked to weigh in on their fried chicken consumption habits and preferences, and the results support the current consumer fried chicken craving craze.

Key findings of the survey include the following:

• People love fried chicken...

Circana’s 2024 Food and Beverage Outlook Predicts Modest Volume Growth Following Three-Year Decline

Beverage and deli categories expected to outperform total food and beverage unit sales

Circana™, formerly IRI and The NPD Group, today released its 2024 food and beverage outlook, revealing that modest food and beverage volume growth is expected next year after three consecutive years of volume declines. The forward-looking outlook provides insight into the anticipated performance of the food and beverage industry throughout 2024, pointing to a more favorable landscape as several headwinds that weighed down 2023 are expected to recede...

New FMI Holiday Season Trends Survey: Grocery Shoppers Exhibit Cautious Optimism Ahead of Holiday 

Despite ongoing concerns about high prices, shoppers are optimistic about their financial situations heading into the holidays and are finding ways to feed their families and meet their needs at the grocery store, according to FMI—The Food Industry Association’s new U.S. Grocery Shopper Trends, Holiday Season report.

“While consumers are understandably concerned about their finances amidst continued inflation heading into the holidays, shoppers are proving to be just as resilient when it comes to preparing for their holiday meal celebrations,” said FMI President and CEO...

Meijer Turkey Prices Help Families Combat Inflation, Celebrate Thanksgiving

With Thanksgiving fast approaching, Meijer is stocked and ready with a wide selection of turkeys at prices that roll back the clock to lessen the impact of inflation on families.

The Midwest retailer anticipates selling 1 million turkeys this holiday season, which is the equivalent of 520 truckloads. Customers can purchase Meijer brand frozen turkeys for only 59 cents per pound through Nov. 25, which is roughly the same cost Meijer offered its customers in the 1930s, said Josh Potts, Meijer Poultry Buyer...

Circana Research Reveals 79% of Americans Will Celebrate Thanksgiving with Their Usual Traditions

Circana™, the leading advisor on the complexity of consumer behavior, today released its first Thanksgiving Tracker, offering vital insights into anticipated consumer behavior and purchasing trends for 2023 and looking back at similar trends from 2022. This comprehensive analysis will enable manufacturers, retailers and media organizations to make more informed decisions about merchandising and promotions to drive growth and profitability during the Thanksgiving season.

The week prior to and the week of Thanksgiving are critical sales drivers, although consumers also shop early for spot deals...

Consumers Experienced Increase in Purchasing Power in September with Slowing Inflation

Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of middle-income households with incomes between $30,000 and $130,000. In September 2023, the average purchasing power for middle-income households was 99.3%, up from 97.4% in August. In September 2022, the index stood at 89.3%.

“Wage growth outpaced the increased cost of necessities in September 2023...

New Frozen Foods Research Reveals Steady Shopping Behavior Among Americans

New research finds that frozen foods maintain their relevance to grocery shoppers and offer a suite of valuable benefits that meet their mealtime needs. The third edition of the Power of Frozen in Retail, released today by the American Frozen Food Institute (AFFI) and FMI – The Food Industry Association, reports that frozen food sales reached $74.2 billion over the last year and that the core consumer audience remains steady, indicating a bright future ahead for performance. In a survey of more than 1,700 consumers, respondents indicated they find...

Consumers to Spend Nearly $900 to Celebrate the Winter Holidays

Those celebrating the winter holidays expect to spend $875 on average on gifts, decorations, food and other key seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The amount is $42 more than consumers planned to spend in 2022 and is in line with the average holiday budget over the last five years.

“The winter holidays are an important tradition to many American families, and shoppers are prioritizing their holiday purchases for the people most important to them,”...

Whole Foods Market Forecasts Top 10 Food Trends for 2024

Today, Whole Foods Market’s Trends Council unveiled their top 10 anticipated food trends for 2024 in the retailer’s ninth-annual Trends predictions report. Caffeine with added benefits, going back to basics in the plant-based category, complex heat from global peppers, and water conservation and stewardship are all among the food trends expected to rise in popularity across the industry in the next year.

Each year, the Trends Council – a collective of more than 50 Whole Foods Market team members, including foragers, buyers and culinary experts...

U.S. Consumers Spent More on Food in 2022 Than Ever Before, Even After Adjusting for Inflation

The USDA, Economic Research Service’s (ERS) Food Expenditure Series (FES) provides a comprehensive measure of the total value of all food purchases in the United States. The series tracks spending on food intended to be prepared at home, such as from grocery stores, and food that is prepared away from home, such as at restaurants. The FES allows Government agencies, academic researchers, and industry stakeholders to assess and track developments in consumer food-buying behaviors and the U.S. food supply...

Despite ‘One Thing’ or ‘Another,’ NRF Economist Says U.S. Economy Still Shows Resilience

The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said today.

”As Gilda Radner used to say on Saturday Night Live, ‘If it’s not one thing, it's another,’ ” Kleinhenz said. “This is certainly one of those times when that expression fits well with what is going on in the economy.”

“New turbulence from the expanding autoworkers strike and the threat of...

Rising Gas Prices Continue to Limit Purchasing Power of Middle-Income Households

Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of U.S. middle-income households with incomes between $30,000 and $130,000. In August 2023, the average purchasing power for U.S. middle-income households was 97.4%, down from 97.5% in July 2023. A year ago, in August 2022, the index stood at 88.6%...

Americans Value Homemade Dishes, High-Quality Ingredients, and Alternating Annual Hosting Duties 

DuraPlas, a leading provider of innovative plastic solutions in the agriculture industry, today released findings from its 2023 DuraPlas Holiday Foods Survey showing that Americans value quality homemade dishes over cost. The survey revealed that most Americans make budgeting exceptions when shopping for holiday meal items, and a growing portion is becoming more source-and-sustainability-minded.

Reaching out to 600 U.S. adults via third-party survey platform Pollfish, DuraPlas conducted a comprehensive survey to gain insights into Americans' holiday meal plans, including shopping, hosting and culinary habits...

August U.S. Retail Spending Results Reflect Easing Inflation 

Declining prices contribute to slowing growth in food and beverage spending, and back-to-school shopping remains tardy

In August 2023, U.S. retail sales revenue, including both discretionary general merchandise and consumer packaged goods (CPG), remained unchanged compared to the same month last year, and unit sales declined 2%. Discretionary general merchandise spending declines continued with a 5% decline in dollar sales and 7% drop in unit sales compared to last August. CPG spending gains slowed slightly from last month, with 3% growth in food and beverage, a 2% increase in...

United States Online Food Delivery Market Analysis, Size, & Forecast Report 2023

Market Set to Grow by Almost $50 Billion - Growing Integration of AI and Machine Learning Gaining Momentum

The "United States Online Food Delivery Market, Size, Forecast 2023-2030, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.

The United States Online Food Delivery market is anticipated to reach US$ 84.84 Billion in 2030 US$35.36 Billion in 2022, growing at a CAGR of 11.6%

With a wide range of food options from multiple restaurants available at their fingertips, online...

Festival Foods Pairs AI-Powered Price Optimization With Omnichannel Competitive Intelligence

Award-winning Wisconsin Grocery Retailer Debuts Customer Perception-Based Price Optimization with Engage3's Price Image Optimization Suite

Engage3 Powered By Dexi, which helps retailers and brands profitably grow revenue and drive store trips by tracking and optimizing their Price Image, today announced the renewal and expansion of its partnership with Festival Foods. The expanded partnership adds Engage3's Price Image Management capabilities to a successful omnichannel competitive intelligence program.

Festival Foods has been serving Wisconsin shoppers since 1946 and operates 40 locations across the state. Known for an...

The Freedonia Group Launches New Report on Consumer Insights and Trends in the US Shopping & Dining

The Freedonia Group, a leading provider of market research and business intelligence, has released US Shopping & Dining Consumer Insights 2023. The report examines consumer habits and attitudes about shopping and dining in the US, with a focus on the impact of the COVID-19 pandemic.

The pandemic accelerated a number of existing trends in the shopping and dining market, including the growth of e-commerce and foodservice delivery. The report also finds that consumers are increasingly looking for...

NRF Economist Says Growth in Consumer Spending is Slowing

U.S. consumers are still buying more than last year, but spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation Chief Economist Jack Kleinhenz said today.

“The economy was clearly more resilient in the first half of this year than many expected, and the consumer environment has been positive as inflation has slowed,” Kleinhenz said. “Nonetheless, there are ongoing economic challenges and questions, and the pace of consumer spending growth is becoming incrementally slower.”...