The Retail Rundown: Upcoming Lenten Season Lifts Seafood Sales
Trending topics this week include the upcoming Lenten season and inflation as traders assess the latest Consumer Price Index (CPI) report released yesterday.
The Christian Lenten season begins next week on February 22 and will last through April 6. During this 40-day stretch, observers will reduce their red meat consumption. The seafood counter typically stands to benefit from this temporary shift away from meat on Fridays.
Although Lent is rapidly approaching, retailers have actually reduced their number of seafood feature activities. For the week of February 20, seafood buying opportunities clock in at 23%, down from 31.4% the week prior. Beef narrowly holds the top spot with 29.2%, closely followed by pork with 28.5%. Chicken makes up around 15% of circular ad space...
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