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ANALYSIS: A Seasonal Snapshot of Christmas and Easter's Boost to Lamb Leg Sales
As Easter approaches, the demand for lamb legs in retail stores noticeably rises, spurred by holiday traditions. Consumers, particularly those of the Catholic faith, often buy lamb legs for Easter as a symbol of renewal. Similarly, lamb is a popular choice during Christmas for some households. This trend leads to a significant uptick in both discounted and non-discounted sales at the retail level, highlighting the cultural impact of these occasions on the protein markets. To meet this surge in demand, suppliers and retailers diligently ensure an...
Mintec Releases "Christmas Dinner Index 2023" Report
Mintec's Christmas Dinner Index, which measures price fluctuations across key food commodities that make up a traditional Christmas dinner (main meal and dessert), increased by 2.7% year-on-year (y-o-y) in November 2023.
Mintec enables the world's largest food and manufacturing brands to implement more efficient and sustainable procurement strategies. We do this through our cutting-edge SaaS platform, Mintec Analytics, which delivers market prices and analysis for thousands of commodities, food ingredients and associated materials. Our data and tools empower our customers to understand prices better, analyze their spend...
Holiday Food Prices Projected Up 7% from Last Year, 18% from Two Years Ago
National supermarket data confirms slower food price inflation with consumers seeing smaller price increases when shopping for 2023 Christmas meals. According to a data analysis and forecast prepared by Category Partners, the price of purchasing Christmas dinner at a supermarket will be approximately 7% higher than in 2022. The forecast was derived using supermarket sales data provided by NielsenIQ collected from more than 35,000 food stores in the United States.
The data analysis shows that a basic Christmas dinner in 2023 purchased from a supermarket...
The Retail Rundown: Season’s Gr-eatings
Season’s gr-eatings! The holiday season of spending is underway, giving rise to retail sales and food purchases.
This year’s holiday spending has already made history. A record 200.4 million shoppers stepped out over the five-day Thanksgiving holiday weekend, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics.
Consumers shopped both online and in-store throughout the Thanksgiving weekend, with 121.4 million people visiting physical retail locations to browse and make in-store purchases—consistent with 2022. Online shoppers totaled 134.2 million, up by four million...
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