The Retail Rundown: Grocers Look to Capture Mother’s Day Spending
In this week’s retail rundown, grocers are aiming to capture a portion of this year's red-hot Mother's Day spending.
According to the National Retail Federation’s Mother's Day annual survey, 84% of U.S. adults are expected to celebrate the holiday this year. Collective spending for the holiday is anticipated at $35.7 billion, surpassing last year's record high of $31.7 billion.
Of those celebrating, 60% of consumers are planning a special outing such as dinner or brunch. Mother's Day is traditionally a dining-out occasion, benefiting foodservice more than retail.
To compete with foodservice, retailers are spotlighting deals...
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