Traditional grocery stores lost sales across categories to value-focused retailers in 2023 as most consumers sought deals to offset higher prices even as inflation steadily slowed over the year and many acclimated to prices and felt better about their...
CPG companies looking to grow in the new year should pay extra attention to their price-point offerings and their pack size, as consumers continue to look for value as well as moments to indulge, Sally Lyons Wyatt, Circana's global EVP and chief...
As snack giant Mondelez faces yet another round of price increases in 2024, CEO Dirk Van de Put says he wonders how much consumers can absorb and what the company needs to do to maintain volume and market share without compromising margins and profitability.
JM Smucker is pulling back on prices for select brands while becoming more “surgical” about increases for others and investing in more promotions to drive growth by offering consumers some financial relief despite ongoing inflation and no competitive...
The Coca-Cola Co. will continue to raise prices in the second half of the year in select markets after volume stabilized and sales rose in the period despite earlier price hikes and growing consumer price consciousness, executives said yesterday during...
As food prices remain stubbornly high year-over-year, consumers are becoming more sophisticated in how they manage their grocery budgets – allowing them to expand their definition of value beyond the historic combination of price, quantity and quality,...
Food and beverage brands and retailers likely will not see any time soon a rebound in inflation-supressed units and volumes across categories despite the Labor Department reporting a dip in grocery prices in March for the first time in more than two and...
Grocery shoppers continued purchasing fresh produce in 2022 as inflation pushed up prices but bought less of it on a volume basis, shifting to more affordable fresh fruit and vegetable options as well as frozen and canned items.
CPG companies could lose as much as 1% compound annual growth in revenue for the next several years with economic factors coalescing to create obstacles, professional service company PwC projected during a Consumer Brands Association webinar this week.
Consumers are contending with inflation by changing their food buying behavior, and the packaged food industry should focus their efforts on keeping customers without sacrificing medium- and long-term profits, according to consultants and market researchers.
U.S. grocery retailers should be more empathetic toward their consumers at a time when shoppers believe both inflation and grocery retailer profits are significantly higher than they are in actuality, according to a new report from London-based dunnhumby.
The Coca-Cola Co. plans to raise prices again in 2023 against some retailers’ calls to roll back increases, arguing it has “earned the right to price with the consumers” through enhanced marketing and an agile packaging approach that balances premium...
With a 22% sales lift and a slimmed down net loss year-over-year in the fourth quarter, private-labeler TreeHouse Foods is reaping the benefits of recently raised prices, a still generous price gap compared to competitors and a reshaped portfolio that...
Mondelez executives see no reason to lower prices or increase promotions for their iconic sweets and snacks despite reported retailer requests that brands across the board do so as some consumers begin pulling back on spending in the face of ongoing inflation.
Higher than expected increases in wholesale prices in November announced Friday – driven primarily by surging food prices – suggest CPG players may face tough choices in the months ahead as they try to offset extra costs either through additional price...
Frustrated by “stubborn” double-digit inflation driving up prices of shelf stable groceries, Walmart is rethinking its approach to stocking the center of the store – potentially asking existing suppliers to creatively cut costs or risk reducing their...
Consumers feeling pinched by rising inflation are shifting where they shop for food, what they buy and how many items they place in their carts – prompting retailers to rethink and often reduce their product mix, reveals IRI sales data crunched by 210...
Once a destination primarily for budget-conscious consumers or the occasional upper-income shopper looking to pick up a last-minute item, Walmart increasingly is attracting wealthier consumers looking for less expensive groceries in the face of rising...
While still rising, grocery prices appear to be cooling while those at restaurants are stabilizing – reinforcing industry leaders’ optimism that input costs are cresting and the macro environment is beginning to stabilize.
Rising food prices may have slowed slightly in August, but the year-over-year increase continued to rise higher into the double digits than it has in more than 40 years, according to new data from the Department of Labor.
While overall inflation in the US cooled slightly in July, giving hope to some economists that financial pressures may be peaking, food prices continue to climb at their fastest rate in more than 40 years – suggesting the economic recovery still has a...
A week after warning of falling profits due to consumers pulling back on spending to offset rising food and gas prices, Walmart is laying off hundreds of corporate staff in a move some fear signals a cooling job market and increased risk of recession.
As rising gas and food prices cause US consumers’ confidence and short-term outlook for the economy to plunge, some are shifting their spending habits and the blame from the pandemic to ongoing supply chain costs, constraints and related government policies,...
New Census data showing consumer spending on food slowing in recent months as inflation and the threat of a recession rise suggests retailers and brands need to rethink their inventory and promotional strategies to attract and maintain shoppers, analysts...
Even as fear of contracting COVID-19 ebbs and consumers feel more comfortable visiting stores, the percentage who order groceries online regularly continues to climb as they seek convenience, and ways to manage their budgets as prices continue to rise,...
While supermarkets remain the go-to for most grocery shoppers, rising food and gas prices due to inflation are pushing more consumers to mass, club and dollar stores as they look for ways to rein in spending and reduce trips, according to market research...
Walmart’s already low appetite for price increases across food and beverage may be further dampening as more consumers switch to private label and smaller packs to keep expenses down – a signal to the retailer that it is not doing enough to deliver on...
Food prices likely will remain stubbornly high as the cost of key ingredients, packaging materials, transportation and warehousing paid by producers continues to rise, albeit at a slightly slower pace – sparking optimism among some that high inflation...
Rising food prices slowed slightly in April over the prior month, according to the Bureau of Labor Statistics April Consumer Price Index released today, but they continue to climb at a brisk pace that is significantly faster than all items, allowing them...
As higher prices due to inflation continue to squeeze consumers’ budgets, shoppers at Spouts Farmers Market are beginning to pull back on spending, opting for “slightly fewer units in the basket” – prompting the retailer to reconsider its in-store experience...
Consumer spending remains strong – for now – despite historic inflation increases, but new data from the Census Bureau released Thursday suggests the gains in grocery last month may not be as significant as they appear and an overall slowdown could be...
March’s staggering 11.2% year-over-year producer price increase revealed yesterday by the Bureau of Labor Statistics suggests inflation, which reached a 41 year high of 8.4% last month, may be far from peaking and manufacturers, and consumers, should...
Despite soaring at home food inflation, Albertsons’ shoppers remain “strong” with minimal trading-down to less expensive products, including private label, or pulling back on overall spending, executives said during the retailer’s fourth quarter earnings...
Price sensitive consumers may be on the decline and make up only a third of all grocery shoppers, but they appear to have an outsized impact on select categories as rising inflation prompts them to rein in spending, according to new research by Symphony...
Tyson Foods’ strong double-digit sales and profit in the first-quarter reported yesterday could intensify the Biden Administration’s scrutiny and criticism of what he calls the meat-packing industry’s anti-competitiveness.
Counter to claims (or hopes) by The White House and others that rising US prices are “transitory,” inflation continues to rise – cresting 7% for all items in December year-over-year, marking the fastest increase since 1982 and the third straight month...
Food prices across categories are predicted to rise low- to mid-single digits this year and again next year – adding on to already higher prices in 2020 fueled in part by the pandemic and raising questions about how consumers will react in the long term,...
Recognizing that risings costs are squeezing food and beverage margins as the pandemic continues, Albertsons will accept – to an extent – price increases that several large CPG players have warned in recent weeks are coming down the pike.
The US team behind the coconut-based yogurt COYO hopes slashing its suggested retail price will help the brand jump from the natural to the conventional channel and that its creamy texture will keep it there by captivating mainstream shoppers who place...
A 'Marlboro Friday' moment* (a huge overnight price cut) is not something most big US food manufacturers will contemplate as they seek to claw back the initiative in a rapidly evolving food retail market, say Bernstein analysts. Instead, we...
The founders of Coconut Beach credit their affordable price to familial relationships with coconut growers in Thailand, and they want their product to reach the masses.
CEO: 'The center of the store is not generating the kind of performance that we would like'
The Fresh Market can be fixed, but it’s going to have to cut prices of key-value-items (KVIs), and “reinvent” the center of the store, says its new president and CEO Rick Anicetti, who has spent his first few weeks at the helm “looking under the hood”...
With its gourmet savory yogurts now gracing shelves at 800-900 stores in the US, Blue Hill is now looking to challenge the nation’s palate again, this time with a new range of veggie- and fruit-packed drinkable yogurts that it hopes will bring the brand...
Many consumers are cautiously optimistic that their financial situation is improving, but they continue to buy groceries based primarily on price and value – creating friction between manufacturers and retailers, IRI research reveals.
J.M. Smucker Co.’s aggressive efforts to wake up its sleepy coffee segment are working, resulting in a 12% increase in the segment’s sales and a 13% increase in its profits in the firm’s first quarter, executives announced Aug. 27.
Mondelēz International’s skinny cookie Oreo Thins cater to demand for lighter bites in the U.S. but analysts question the product’s billing as a sophisticated adult cookie.
Total US consumer expenditure for pork has grown by 15.7% since 2009, meeting the National Pork Board’s (NPB) target of 10% growth in per capita consumption, in real terms.
JK Sucralose - which claims to be the largest sucralose manufacturer in China - has weighed into the debate over sucralose pricing raised by market leader Tate & Lyle.
J.M. Smucker Company’s notable 9% list price increase on Folgers, Dunkin’ Donuts and other packaged coffees in the U.S. announced last June has finally caught up with the food maker, dragging down its second quarter sales an expected 5%.
