Inflation

USDA Report on Meat Industry Competition Confirms National Grocers Association’s Position on Harmful Effects of Retail Consolidation and Price Discrimination  

October 10, 2024 National Grocers Association

The study goes into detail with examples on how complicated schemes of rebates, fees, and other arrangements in the meat industry are construed to benefit the largest industry players. For example, in the report, a food consultant reported that a midsized packer found that its required trade spend to a national chain grocer of $120 million was double that of other chains. …

Ibotta’s Second Annual State of Spend Report Finds Majority of Consumers Sacrificing Brand Loyalty when Faced with Increased Costs

October 9, 2024 Ibotta

According to the study, 72% of shoppers say the economy has directly impacted their grocery spending habits, with a majority trading down to lower-priced alternatives in the face of rising grocery costs. In turn, marketers are placing greater emphasis on customer acquisition and long-term brand building to differentiate as private label competition grows. …

Giant Eagle Invests $25 Million to Lower Prices on Produce Items

October 3, 2024 Giant Eagle, Inc.

Its New Low Price initiative will include many of the most popular items in the produce department as Giant Eagle aims to provide affordable access to high-quality fresh food in the face of continued high grocery costs across the neighborhoods it serves. …

New Butterball Togetherness Report Provides Insight on Thanksgiving Plans

September 19, 2024 Butterball, LLC

The holiday report reveals that 86% of consumers plan to celebrate Thanksgiving with others and an anticipated average celebration size of nine people. And turkey reigns supreme, as 87% of hosts plan to serve turkey this year. It’s also consumers’ favorite part of the Thanksgiving meal (51%), followed by stuffing (44%), pie (32%) and potatoes (27%).  …

Midan 2024 Mid-Year Trends Update

June 24, 2024 Midan

Most of the time, the Midan team is focused on looking forward, with our research eye trained on today’s meat consumers: In what ways are they evolving into the meat eaters of tomorrow? But around this time every year, we stop and take an intentional look backward—specifically, at our Top Trends to Watch report. …