The Retail Rundown: Consumer Sentiment Rises at Year's End

Consumer sentiment spiked at the tail end of 2023, boosted by improved viewpoints of inflation in the new year. According to the University of Michigan’s (U-M) Survey of Consumers, consumer sentiment climbed by 14% in December, reversing the declines from the previous four months.

All age, income, education, geographic, and political identification groups saw gains in sentiment in December, said U-M. The index is just shy of the midpoint between the pre-pandemic reading and the historic low hit in June 2022, added U-M.

The University of Michigan's...

The Retail Rundown: Feasting on Holiday Features

Thanksgiving is here and the retail segment is teeming with all things turkeys, sides, sweets, and treats!

Fittingly, turkey leads the protein category with 31.1% of total feature volume, up from 22.5% the week prior. Pork follows with 22.8%. Seafood narrowly overtakes beef for the third spot, with 18.8%. Beef claimed 17.4%, nearly flat with last week.

Mintec recently took a look at the components that make up the traditional holiday dinner in its "Thanksgiving Dinner Index 2023" report. The index, which measures price fluctuations across key food commodities that make up a...

The Retail Rundown: Which Proteins Dominate Holiday Features?

Leading up to the Fourth of July holiday, seafood and pork feature volume dominate retail buying opportunities. Seafood features account for 28.5% of total protein features while pork comes in with 26.7%. Beef falls to third with 25.3%, followed by chicken with 17.1%.

According to the National Retail Federation's annual Independence Day survey, 87% of consumers plan to celebrate the Fourth of July this year and spend an average of $93.34 on food items. Total spending is expected to reach a record $9.5 billion, up from $7.7 billion in 2022. Of those celebrating, 65%...

The Retail Rundown: Pork and Seafood Share the Spotlight Next Month

Pork and seafood will share the spotlight next month, as October is recognized as both National Pork Month and National Seafood Month. Retailers are expected to increase feature volume for the two proteins in the weeks ahead to promote spending this fall. 

October is reserved for National Pork Month to help move product when hog supplies are large. While a seasonal expansion in supplies typically takes place around this time of year, ongoing liquidation efforts may keep a lid on supplies this fall and winter.

Weekly hog slaughter levels...