Inflation has compelled grocery retailers to keep price points at levels their hard-hit customers can afford. Stocking more single-serve packs is one way of doing just that.
Daymon’s 2022 Consumer Holiday Study, a survey conducted in October, found that 42% of Gen Z and Millennial consumers are hosting their own holidays this year, and their holiday shopping behavior is different than the older generations.
Consumers rank food and beverage as one of the most important industries when it comes to environmental impact, but many are unable to articulate what makes a product in the category sustainable.
As higher menu prices offset the value of discounts and promotions, consumers are taking less advantage of foodservice deals, according to The NPD Group.
Following The Kroger Co.’s proposed acquisition of Albertsons, the Washington State Court granted a temporary restraining order on Nov. 3 on the basis that the company would be unable to compete if it paid the $6.85 per common share special dividend while the merger is under antitrust review.