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This Week in Retail: Sleigh-ing the Competition with Holiday Deals
With the cost of living remaining high for many households, retailers are hoping to earn consumer dollars with attractive deals in the final days leading up to Christmas.
Last-minute shoppers looking to procure their centerpieces for the holiday dinner table can find competitive offerings on a wide array of proteins this week.
Looking at this week's protein ads, pork features currently hold the top slot with 31.2% of total retail activity. Seafood follows with 26.5% of ad space, while beef features account for 22%. Turkey makes up 8.2% of circular space and chicken holds onto 7.7% of total retail activity. Egg features are nearly non-existent with just 0.4%.
In the pork complex, ham features claim 31% of all pork feature activity. Holiday hams average $2.18 per pound, up 27 cents from a year ago. Bone-in butt half hams are featured at $2.32 per pound, a whopping 63.4% higher than this week in...
This Week in Retail: The Christmas Countdown
Jingle bells—or should we say alarm bells—are ringing now that just two short weekends are left to shop for Christmas.
In the lead-up to the big day, grocers are focused on holiday spending as consumers prepare to celebrate the season with food and drinks. This sparks interest in the protein case and traditional favorites for the Christmas dinner table, including hams and rib roasts.
This week in retail, pork leads the charge in retail buying opportunities with 30 percent of total protein ad space. Seafood follows with 24.2 percent, while beef comes in with 22.3 percent. Chicken accounts for 15.5 percent, up slightly from the week prior.
Upon closer inspection, bacon features make up a large chunk of category ads within the pork complex. Brand-label bacon currently averages $6.43 per pound, up 19 cents a year ago and at a near seasonal all-time high. Shoppers can find holiday hams at a more palatable price point of $1.96 per pound on average, below $2.23 last year. Pork roasts are situated above 2021 levels at an average of $2.98 per pound but are competitively priced against many beef and chicken items...
This Week in Retail: Good Gravy… The 2022 Thanksgiving Rundown
The countdown to Thanksgiving is winding down and consumers are flocking to the supermarkets to secure last-minute needs for the big day.
While it’s hard to ignore the influx of headlines about the higher costs of this year’s feast, some major retailers are still featuring attractive deals on holiday staples despite supply constraints and macroeconomic headwinds.
Not to beat a dead horse (or should we say turkey), let’s look another look at the traditional centerpiece. Retail buying opportunities for turkey this week are at 24.5%, up from 21.5% last week. The big bird has seemingly stolen the spotlight from chicken, which plummeted to 2.4% this week versus 12.5% a week ago...
SPAM® Sales Sizzle with the Help of Social Media
Spam, the square canned meat, with the iconic blue and yellow label, has been feeding families for more than 85 years. Hormel Foods says with the help of social media, it’s become even more popular.
Austin’s canned ham was made by Hormel Foods at the end of the depression in 1937 as an affordable and convenient meat option. The product, made up of only six ingredients, is now in more than 47 countries...
Pork Checkoff: Mixed Signals in the Market as Some Items Struggle, Others Trade Firm
The cure for high prices is high prices — lack of features and ample inventory cause prices to adjust and create future opportunities.
Highlights• Following the record-breaking levels of a year ago, backribs are now at the lowest levels of the past five years. Prices may need to stay low for a bit longer to “buy” some demand from retail and foodservice. For operators, current prices present excellent feature opportunities.
• Pork prices were firm at the end of the week on seasonally lower slaughter as well...
This Week in Retail: A Look at Easter Features; CPI Data Released
This week in retail, the discussion is heavily centered on the economy, rising inflation with the latest CPI growth, and the bird flu outbreak in the U.S. Meanwhile, Easter week has arrived and grocers are looking to capture additional spending on the holiday.
USDA estimates that nearly 24 million poultry birds have died from high-path avian influenza since the virus strain was identified in February. The virus has since spread in wild birds to 32 states.
Another outbreak was confirmed Tuesday afternoon in a flock of roughly 2 million commercial layers in Nebraska, lifting the total number of commercial laying hens affected by HPAI to about 20 million head.
Urner Barry's Midwest large benchmark quotation is currently at $2.84/dozen, down from $3.01/dozen the week prior but a staggering 176% above a year ago. At retail, large eggs on feature for the holiday week are highlighted at nearly $3/dozen while X-large averages $2.86/dozen...
This Week in Retail: Bird Flu and The Easter Outlook
Easter promotions are in full motion and households are gathering staples including eggs, ham, and lamb for the upcoming holiday.
According to a survey by the National Retail Federation, consumers plan to spend an average of $169.79 this year on Easter-related items, with food accounting for the largest spending category. The collective spending on the holiday is forecast at $20.8 billion, down slightly from $21.6 billion last year.
With HPAI spreading throughout the country, consumers are beginning to see higher prices for shell eggs. Roughly 13 million layers have been impacted by the current outbreak—the country’s worst since 2014-2015—while over two million commercial turkeys have fallen prey to the virus...
The Best Ham to Order for Your Holiday Dinner
Easter is coming (and before you know it Thanksgiving and Christmas). Find out what the best ham options are to serve up on your table, according to a blind taste test.
Best Thick Cut Ham
Hormel® Cure 81® Bone-In Half HamMany spiral-cut hams have super thin slices that are great for piling high on sandwiches. For a holiday entrée, though, you may want a more substantial slice like with a Hormel® Cure 81® Bone-In Ham.
According to Catherine Ward...
This Week in Retail: Showcasing Brisket Features for St. Patrick’s Day
Today is St. Patrick’s Day and grocers are lining their shelves with Irish staples including corned beef brisket, Irish soda bread, and beer.
The National Retail Federation reports that over half of Americans plan to celebrate St. Patrick's Day this year, providing a boost for retail sales as consumers stock up on green apparel, food, and beverages. The NRF's survey found that 34% of celebrants will make a special dinner while 19% plan on attending a party at a bar or restaurant.
Roast feature activity accounts for 45% of all beef ads this week. Of that, briskets claim 42% of total roast features. Features for corned beef brisket this week range from $4.28 per pound to $5.93 per pound, depending on the store and region. Brisket feature prices currently average $4.49 per pound, up 22% from a year ago...
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