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The Retail Rundown: September's Seasonal Shifts
Although there are about two weeks left to enjoy summer, many consider the season unofficially over following Labor Day. The retail landscape is starting to reflect this shift, where factors like cooler weather and football season are already influencing consumer demand.
The frozen/convenience aisles and deli counters benefit from back-to-school needs and provide quick meals for busy households. Circana data indicates that prepared dishes/kits earned $18.1 million in total sales last week, up from $17.7 million the week prior. Over in lunchmeat, fresh packaged turkey retailed at $7.21 discounted, an 18-cent year-over-year decrease.
The Retail Rundown: Leaping Towards Labor Day
Labor Day weekend, often viewed as the unofficial end of summer, is just two weeks out. Many families are seizing the opportunity for one last vacation, boosting foodservice spending.
For some students, summer break has already concluded, and back-to-school shopping for essentials like breakfast and lunch items is in full swing. Among retailers, Labor Day is recognized as the final major grilling event of the year, marking the last big push to promote barbecue favorites.
Last week, boneless skinless chicken breasts were featured at $4.43 discounted, 18 cents above...
The Retail Rundown: Multiple Factors Fuel Promotions; CPI Update
As we reach mid-August, grocery stores are transitioning their end caps from summer displays to game-day essentials, gearing up for the NFL regular season. At the same time, circulars are packed with barbecue items for the upcoming Labor Day weekend along with back-to-school essentials as some regions are already welcoming students back to class.
This week, seafood continues to dominate, representing about 28% of total protein volume in retail buying opportunities. Pork follows with a 23.4% share, while beef captures...
The Retail Rundown: Unsettled Start to August
August began with a sharp decline in the global market, triggered by weak U.S. economic data and disappointing labor market figures. Traders are also assessing corporate earnings and the Federal Reserve's stance on interest rates amid concerns of a U.S. economic slowdown.
This volatility extended into the commodity markets, causing feeder cattle futures to hit new lows earlier this week. However, U.S. stocks ended higher on Tuesday, breaking a three-day streak of significant losses. While overall market sentiment remains unsettled, the retail landscape is expected to enjoy a more stable environment as...
HelloFresh Unveils New Family-Friendly Menu for Back-to-School Season
As families gear up for the busy back-to-school season, HelloFresh, the world's leading meal kit company, is introducing HelloFresh Family, a comprehensive new family menu with recipes and market items designed to make mealtime more delicious and convenient. Whether choosing from meals that can be prepped in under 20 minutes for a busy school night, or a “Build-a-Plate” recipe that allows each family member to customize their perfect dinner plate, the new menu is tailored to satisfy the whole family...
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