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Older Gen Zs Are Entering Peak Restaurant Usage Stage
The pandemic, more competition for their dollars, and rising prices keep Gen Zs’ restaurant visits lower
The oldest among Generation Zs are 18 to 24 years old, an age group that, historically, is entering the heaviest restaurant usage stage, but history may not repeat itself with this generation, reports The NPD Group. Twenty years ago, when Gen Xers were young adults, they averaged 284 visits per person a year. Millennials, as young adults, were impacted by the Great Recession, causing a cutback in 40 restaurant visits per person a year...
Consumers Mitigate Rising Costs by Having More Dinners At Home
In-home dinners will remain elevated above the pre-pandemic level through 2024
Inflation and other rising costs have consumers looking to cut expenses, and eating more dinners at home is one way they do it. Out-of-necessity dinners at home peaked during the pandemic but have since normalized but are still above the pre-pandemic level, according to The NPD Group. NPD’s Future of Dinner report forecasts that in-home dinners will remain at a heightened level through 2024.
Although in-home dinners will remain elevated, consumers...
Natural Grocers® Maintains Commitment to Affordable Prices During Record Inflation
"Inflation" is a word at the forefront of many conversations right now—for good reason. From gas stations to department stores, consumers are feeling the pressure of rising prices. Customers at Natural Grocers®, the nation's largest family-operated organic and natural grocery retailer, can shop with confidence knowing they can still get high-quality organic and natural products at Always AffordableSM prices.
ALWAYS AFFORDABLE PRICES: A FOUNDING PRINCIPLE
"Our parents founded Natural Grocers in 1955 with the belief that everyone should have access to affordable healthy..."
New Acosta Report Explores the Rising Impact of Inflation on Consumer Dining Habits
Acosta, a global integrated sales and marketing services provider in the consumer packaged goods (CPG) industry, today released its sixth edition of The Why? Behind the Dine, a research report providing foodservice-specific insight bolstered by the expertise of its CORE Foodservice division.
Acosta's findings show that while most consumers (54%) are dining out less often due to inflation, about one-third are choosing to trade down rather than trade out, opting for less expensive restaurant and meal options to counter rising prices...
U.S. Ports Set New Record for Imports
Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“Retailers are importing record amounts of merchandise to meet consumer demand, but they also have an incentive to stock up before inflation can drive costs higher,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold...
Poultry Quarterly Q2 2022: Strong Market Conditions Continue, Despite Impact of War in Ukraine
Global poultry demand and trade will remain strong this year. The industry, however, will face challenges related to historic high cost inflation and logistic disruptions, which will especially impact low income countries.
Report summaryIn most regions, supply is relatively tight and prices are strong. The war in Ukraine has led to an increase of 20% to 40% in global grain prices, and the poultry industry will be challenged to pass on all of these higher costs to consumers. This will likely be possible in developed...
Denny's Seeks to Help Americans Impacted by Rising Inflation with $6.99 Endless Breakfast Promotion
As inflation reaches historic levels and Americans face rising prices at gas pumps and sticker shock at supermarket checkouts, America's Diner is offering Americans what they are so desperately seeking right now – value for their money – with the launch of a new Endless Breakfast promotion. Now through June 21, Denny's is helping individuals and families stretch their dollars by offering endless fluffy buttermilk pancakes, cheesy scrambled eggs and crispy hash browns starting at $6.99*.
"As Americans are being impacted by a unique mix of..."
NRF Chief Economist Says Inflation Isn’t Hitting Everyone the Same, but Will Still Play a Key Role
Inflation is at a 40-year high but isn’t hitting all consumers as hard as top-line numbers might suggest, National Retail Federation Chief Economist Jack Kleinhenz said today. Nonetheless, consumer worries about rising prices could become self-fulfilling if workers demand higher wages to compensate and will play a role in the Federal Reserve’s efforts to bring inflation under control.
“After decades of relatively low levels, inflation is on everyone’s mind and has been making consumers and businesses..."
Urner Barry Releases August Pulse Protein Report
CME Grain Futures Decline After First Ship Carrying Ukrainian Grain Departs Odesa Port
Urner Barry Releases July Emerging Plant Protein Report
Global Pork Quarterly Q3 2022: ASF, Inflation, & Policies Challenge Growth While Trade Odds Rise
Grain Export Deal in Question Following Russian Missile Strike on Odesa Port