There’s no debating the recent gains in perimeter sales across Canada’s grocery landscape. What many often neglect to realize, however, is that the centre of store has generated sales growth of more than $3 billion over the past five years.
In the battle of the bubbly, prosecco has gained tremendous ground over the past year, as sales have grown 36%. That said, however, Champagne still accounts for 20% of sparkling wine sales in the U.S. So what trends are fueling trends in the sparkling wine realm?
For multinationals and other companies looking for opportunity in China, look no further than to connected spenders, a young, affluent and connected group eager to engage with brands and their conversations.
Today’s Millennials are poised to become the largest generation in Canada as the numbers of their Boomer parents are starting to decline. Currently, Millennials and Boomers account for more than half of the Canadian population at 27% and 28% of the population, respectively. And when it comes to meal time, these two groups have notably different dining habits.
Last year, CPG increased 6% the week before Thanksgiving in Canada, with retailers ringing up more than $1.8 billion in total sales. So in preparation for the big meal, what are consumers shopping for?
By 2030, the middle class is expected to grow by 2 billion people worldwide. Understanding who the middle class is now and in the future is key to connecting with this growing group. But how we define this segment is changing.
U.S. consumer confidence decreased six index points in the second quarter to a score of 101, but it remained at an above-the-baseline optimistic level. Consumer confidence in Canada increased two points to 98 after declining six points in the first quarter. Despite these declines, confidence in both markets remained above the global average of 96.
Consumer confidence declined in six of seven Latin American markets measured by Nielsen in the second quarter, with Brazil (81) reporting the steepest quarterly drop of seven index points from three months ago. The decline represents the third consecutive quarter of declines for the region’s largest economy.
When it comes to food and beverage consumption, Canadians’ intentions don’t always align with their actions. So as the heart pulls right and the brain tugs left as they roam the grocery aisles, there’s often an opportunity of white space between the two.
Canada is home to a diverse population, including dynamic LGBT (lesbian, gay, bisexual and transgender) communities across the country. And with that diversity comes a growing level of purchase prowess. In fact, despite this group’s small size, the LGBT consumer provides a big opportunity for both retailers and manufacturers.
Over the past five years, 45% of consumer packaged goods categories had flat or declining sales. New, smaller retail formats, aggressive competition and consumer rejection of a “one size fits all” mentality are leading manufacturers and retailers in search of alternative growth strategies, and many are turning to localization.
U.S. consumer confidence increased one index point in the first quarter to a score of 107, maintaining an above-the-baseline optimism level for a year now. Conversely, confidence declined six points in Canada to a score of 96, marking the country’s lowest score since 2012.
What does tomorrow’s grocery store look like? Chances are, we’re starting to get a sneak peek as the market welcomes in a new breed of outlets that combine traditional supermarkets with sit-down restaurants. Enter the “grocerant.”
Consumer confidence in Asia-Pacific increased in nine of 14 markets measured by Nielsen in Q1, compared to only three that rose in Q4 2014. Nine markets in the region remained at or above the 100-baseline level of optimism. At 130, India reached its highest level since 2011—up one-point from Q4. Confidence in India has been on the rise for six consecutive quarters.
When asked about the CPG space in Canada, Carman Allison summarizes the environment in one word: challenging. In a relatively flat growth market retailers and manufacturers are eager to cash in on the opportunities that do exist. And when we take a closer look, we see a polarization, where some consumers are focused on discounts and others are looking for unique and premium offerings.
What are today's Future Talent—students close to graduating or college-educated, newly working professionals—looking for when seeking employment or making purchases? A recent study on corporate reputation explores the factors these young future leaders consider.
It used to be that private-label products were for consumers on a tight budget. However, a global shift has occurred in which consumer sentiment about store brands is overwhelmingly positive. And to leverage that newfound respect, there are very specific things that retailers can do to help store brands compete with their more recognized name brand counterparts.
For many Americans, Super Bowl Sunday is more than just a football game. It’s a yearly tradition where friends and family gather, eat deliciously indulgent snacks and catch some of the most unique advertisements to grace the small screen.
Consumer confidence in North America dropped one index point in the fourth quarter, but it rose a robust 11 points from the previous year. Within the region, U.S. consumer confidence decreased two index points in the fourth quarter to a score of 106, while confidence in Canada fell one point to an index level of 102.