Richard Baker’s Post

Italian Grocery Shoppers Open Their Wallets: Sales on the Rise! The Italian grocery market is experiencing a resurgence! A recent report reveals a 2.8% increase in sales compared to the previous year. This growth is attributed to a combination of factors, including: - Improved Economic Conditions: The Italian economy is showing signs of recovery, leading to increased consumer confidence and spending. - Rising Wages: Higher wages are putting more money into consumers' pockets, enabling them to spend more on groceries. - Shifting Consumer Preferences: Changing consumer preferences, such as a focus on healthier and more sustainable options, are driving growth in certain categories. This positive trend is a promising sign for the Italian grocery retail sector. https://ow.ly/KKkR50TnRJc #Italy #Grocery #Retail #ConsumerSpending

According to Kantar's UK market data, British grocery price inflation has slowed to 4.5%. While Lidl GB's market share increased, Aldi's edged lower. There's also a shift in spending to branded products compared to private label. Key takeaways: Lidl achieves its highest ever market share, while Aldi experiences a decrease for the first time since March 2021. Overall 12-week sales growth is 4.2%, with a decrease from the previous period due to a drop in grocery inflation. Tesco, Sainsbury's, and Lidl are driving 77% of sales growth, each increasing their market share by 0.4%. Aldi's sales increase by 3.1%, but their market share falls slightly to 9.8%, with concerns over stock availability. Despite Aldi's dip, total discounter share rebounds to 17.6%, with Lidl leading growth at 8.8%. Branded sales growth outpaces private label sales, a notable shift in consumer behavior. Premium tier private label sales rise by 16.1%, especially in Easter promotions and meal deals. Easter treats sales surge by £88M compared to the previous year, driven partially by the earlier Easter timing. https://lnkd.in/dTSsUFwE Mintec

Sales of private label food and beverages in the U.S. hit $152 billion in 2023, with private brands’ market share growing from 25% to 26% 📈 I recently spoke with CNBC about the rising influence of private brands, which now have more retail presence and accessibility than ever.   Check out the full article, “Private-Label Grocery Brands Boomed During Inflation. Prices Are Down, But Store-Brand Items Keep Going Higher,” to dive deeper into these trends!   https://lnkd.in/gDu5-kkE

Retailers that leverage their private brands offer healthier, better-for-you products will continue to have a competitive edge. Data indicates that private brands are a top reason for some consumers to shop at one retailer vs. another. This is my take in Progressive Grocer on how retailers should be thinking about nutrition innovation: https://lnkd.in/dHZzHWR7

It was great to speak with Kate Harvey from Consumer NZ recently regarding the challenging New Zealand consumer experience right now. We discussed how people are managing their household budgets to get the best deal, how their consumption habits are changing and what they are doing to stretch their shopping dollars further. Feel free to contact me if you'd like to know more!

It is every food entrepreneur’s dream to get listed. Though it has always been the brand’s responsibility to generate demand, it is no more evident than it is today. Here are just 3 key challenges FMCG brands face moving forward:  1) Market Growth: Circana forecasts food and beverage volume growth of between zero and 1% this coming year 2) Consumer Purchasing Trends: 88% of shoppers have switched to lower price brands in response to increased prices, and 52% plan to continue brand switching. 3) Consumer Behaviour: 84% of shoppers spend more than +30 minutes preparing for their regular grocery trip So, what can brands do, especially those managed by entrepreneurs? Here are 4 strategies on: How to Create Consumer Demand in the Food Sector!

Key insights from our 2024 NZ Grocery Shopper Report have recently been published in Consumer NZ, unveiling significant changes in grocery shopping behaviour across the country. Consumers are increasingly mindful of budgeting which is significantly influencing their supermarket purchases.   Discover more about these insights and how they can impact your business strategies. Download a copy of our free report today. https://bit.ly/4cpGR37 Alternatively, reach out to Neil Moody for further information. #ConsumerTrends #MarketResearch #FMCG #SupermarketTrends #NewZealand

After spiking during the pandemic, profit margins and same-store sales growth have fallen back to pre-pandemic levels for the grocery industry, FMI — The Food Industry Association said in a report released last week. Only 38% of surveyed food retailers said they expect their same-store sales to grow in 2024 while just 13% predict net profits will increase, according to the trade group’s The Food Retailing Industry Speaks 2024 report. Food retailers are focusing on improving cost controls and cutting unnecessary expenses that do not drive value, FMI found. In 2023, profit margins in the grocery industry hit 1.6% — the lowest level since it was 1% in 2019 — as total expenses increased, FMI found. The industry’s slowed same-store sales growth of 2.1% last year was driven by inflation.

Curious about the rise of private-label grocery sales? Circana explains how retailers are expanding their private brands, offering consumers more affordable and high-quality options across a wide range of categories. Discover why store brands are outpacing national ones and where the biggest opportunities lie: https://lnkd.in/gqc-YpSr

Kantar's latest Worldpanel data offers key insights into the dynamic grocery retail landscape. Explore the 5 key takeaways shaping grocery retail in the #UK. 1. Promotional Surge & Price Stability: Kantar's latest data reveals a surge in promotional spending, driving 29.3% of supermarket sales, resulting in a 14th consecutive month of declining grocery price inflation at 3.2%. 2. Healthier Snacking Habits: Beyond Easter indulgences, there's a notable shift towards healthier snacking, with fruit consumption between meals increasing significantly, reflecting evolving consumer preferences. 3. Ocado's Digital Dominance: Ocado Retail Ltd continues to lead in the online grocery market, with a robust 12.5% sales growth, outpacing the overall online market growth of 6.8%. 4. Dynamic Market Trends: Lidl GB achieves a record 8% market share with 9.1% sales growth, while Aldi reclaims a 10% market share. Tesco and Sainsbury's demonstrate resilience, each gaining 0.4 percentage points of market share. 5. Consumer Value & Savings: The emphasis on promotions translates into tangible savings for shoppers, with an impressive £1.3bn saved in just four weeks, reinforcing retailers' response to consumer demand for value. #Grocery #Retail #Kleerdbrands