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This Week in Retail: Enter the Dog Days
Goodbye July—hello August. The dog days of summer are here as we enter the lazy hazy final crazy days of the season.
August is often referred to as the “Sunday of summer” and that perspective could bode well for retail sales as consumers seek to soak up the last few weeks of sunshine and outdoor activity before the school year resumes and the weather begins to transition again.
Beef is killing the retail game in recent weeks, taking the top weekly spot for protein feature volume during the entire month of July. Currently, beef ads account for 27 percent of circular real estate, beating out second placed seafood at 23 percent. Steak features make up about half...
This Week in Retail: Looking Ahead to Father’s Day Spending
Father’s Day is coming up on Sunday, June 16th, and retailers are prepping for the second big grilling holiday of the summer.
According to the National Retail Federation, Father’s Day spending in 2019 is expected to reach an all-time high of $16 billion. That’s up from last year’s $15.3 billion. This monumental spending figure still, however, pales in comparison to spending for Mother’s Day, coming in at a whopping $25 billion.
Mother’s Day has long been known as a foodservice holiday, but Father’s Day tends to favor grilling at home with some quality steaks, burgers, chops or ribs. The NRF also reports that spending for Father’s Day has grown 70 percent over the last decade, with special outings playing a big part of that growth, accounting for a projected $3.3 billion. With 76 percent of...
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