Search:

The search returned 9 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:

February Retail Sales Rose Strongly Year-Over-Year While Monthly Pace Slowed Amid Inflation

Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said today.

“Retail sales data continues to show impressive consumer resilience,” NRF President and CEO Matthew Shay said. “Despite all that’s been thrown at them including inflation, supply chain constraints, market volatility and significant geopolitical events, consumers remain able and willing to spend... 

Full Story »
Mar 17 8:00 AM, General News



New Technomic Foodservice Index Represents Continued Decline in January, Dropping to 93.3 

Each month, Technomic releases its TIndex, which showcases the index on the total U.S. foodservice industry. January's number continued the decline from previous months, dropping to 93.3, down from 95.9 in December and 97.2 in November. Based on this data, the industry is down 6.7% over a two-year basis but has grown by 11.1% compared to January 2021.

"The main reason for this continued downward slide is the lingering effect of the COVID-19 omicron variant," explains Joe Pawlak, managing principal at Technomic...

Full Story »
Feb 28 8:00 AM, General News


January Retail Sales Overcome Omicron and Inflation to Show Strong Gains

Retail sales powered through COVID-19’s omicron variant, inflation and other challenges to post strong increases in January, the National Retail Federation said today.

“January’s numbers show that 2022 is starting very strong for consumers and retailers, especially on the heels of a record holiday season and record sales in 2021,” NRF President and CEO Matthew Shay said. “While the year ahead has challenges with inflationary pressures, labor shortages, COVID-19 impacts and uncertainty related to international tensions in Russia and China, today’s numbers show that despite these..."

Full Story »
Feb 17 8:01 AM, General News


New Technomic Foodservice Index Represents Continued Decline in December, due to Omicron

Each month, Technomic releases its TIndex, which showcases the index on the total U.S. foodservice industry. December’s number continued the decline from previous months, dropping to 95.9 from 97.2 in November and 97.8 in October. Based on this data, the industry is down 4.1% over a two-year basis but has grown by 23% compared to December 2020.

“The main reason for this downward slide is the emergence and rapid spread of the COVID-19 omicron variant,” explains Joe Pawlak, managing principal at Technomic...

Full Story »
Jan 27 8:33 AM, General News


Fourth Quarter 2021 Revenue Grew 9% Over Last Year, While Overall Consumer Spending Grew 15%

U.S. consumer spending on general merchandise ended the year up 15% compared to 2020, with a 6% increase in unit sales. While the holiday shopping brought positive retail results, the early part of the year delivered more significant year-over-year gains. The fourth quarter of 2021 contributed 9% revenue growth and 1% unit growth over the prior year, according The NPD Group.

“Consumers’ grab-it-when-you-see-it mentality, especially related to pandemic-driven needs has not gone away..."

Full Story »
Jan 25 8:06 AM, General News


Retail Import Growth Levels Out But Volume Remains High

After a year of unprecedented increases, imports at the nation’s major retail container ports are expected to return to normal growth rates in 2022 but volumes will remain high, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Even with the holiday season behind us, supply chain challenges continue,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “The huge increases in imports we’ve seen have leveled out, but volume is still at high levels..."

Full Story »
Jan 10 8:01 AM, General News


This Week in Retail: Eyeing Prop 12, Pandemic Uncertainty in 2022

Rounding out the first week of 2022, uncertainty surrounding the ongoing pandemic continues to impact businesses and the overall wellbeing of the world’s population.

Retailers, along with other participants throughout the supply chain, are monitoring labor constraints, made worse by the rapid spread of the Omicron variant. Prolonged disruptions to the production, further processing, and distribution of consumer goods from worker absenteeism and potential further government restrictions remain key concerns for producers and buyers alike in the New Year.

Meanwhile, the second phase of California’s Proposition 12 went into effect on January 1. Under the law, veal calf producers are required to provide their animals with at least 43 square feet of usable floor space per calf. Sows must have a minimum of 24 square feet of usable space per animal. Laying hens are required to be cage-free. Proposition 12 prohibits the sale in California of veal, pork, and eggs not raised in compliance with these...

Full Story »
Jan 7 7:55 AM, UB Newswires


Omicron Could Contribute to Uncertainty and Inflation But is Unlikely to Bring Shutdowns, NRF Says

The COVID-19 omicron variant will bring uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns, National Retail Federation Chief Economist Jack Kleinhenz said today.

“Even with the experience of the past two years, there is no model that can predict how the economy responds to a pandemic,” Kleinhenz said. “What we have learned is that each successive variant has slowed down the economy but that the degree of slowdown has been less...”

 

Full Story »
Jan 6 8:03 AM, General News


Consumers Prefer to Shop at Retailers that Require Masks, According to New Survey

Forty-nine percent of consumers said they prefer to shop at retailers that require masks.

Learning to live with COVID might be the new normal.

Seventy-one percent of consumers in Numerator’s newest Consumer Behavior & Sentiment Survey said they agreed or strongly agreed with the statement, "I think we will learn to live with COVID-19 rather than ever fully returning to a pre-COVID 'normal'.

Also, almost half (49%) of consumers said they prefer to shop at retailers that require masks (61% of vaccinated consumers...

Full Story »
Dec 21 8:25 AM, General News







Load More
Label Label
Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.