Across the pond, companies struggling to get shoppers to purchase brand-name produce
Produce brands not only have fierce competition from other brands, but also from private-label fruit and vegetables. In the last two years, inflation has impacted the cost of produce, further challenging brand-named produce. Companies need to fully understand the impact of inflation on consumers, and what they are looking for in their products to convince […]
Changing behaviours among consumers could have deep impact on companies through 2024
How does the consumer products sector respond to the new financial realities faced by their customers? To find out, AlixPartners conducted an in-depth consumer priorities study, The Critical Consumer 2024, across the Europe, Middle East and Africa (EMEA) region. More than 10,000 shoppers from France, Germany, Italy, Saudi Arabia, Switzerland, UAE and the UK, were […]
Why 13.13 is a positive number for British consumers and the grocery stores they shop
How lucky is the number 13? Well, for British consumers – beset by inflation, a pandemic and ‘less-is-more’ offerings from retailers and restaurants since 2019 – as long as it isn’t negative, it must be good news. Indeed it is. The latest data presented by Asda in its Income Tracker, shows that family spending power […]
Will this season be a ‘Jingle hell’ for grocery retailers or a reason to celebrate?
High food inflation is expected to continue impacting consumers and retailers through the end of the year, according to new research from AlixPartners. Though UK shoppers are expected to spend £131 billion during the final weeks of November through the Christmas period for a 4% projected jump in retail sales, inflation will lead to a […]
Asda: Families still feeling pinch of inflation as disposable income plummets
Most households in the UK are struggling with affordability and have less disposable income to spend, even on essentials including bills. More than a third of British consumers, in fact, are falling short of remaining level with their pay and debt, according to the newest Income Tracker report from supermarket Asda. The message: retailers should […]
Lessons learned: Can US consumer trends offer insight into how to grow sales of fresh produce worldwide?
Inflation hit consumers hard in 2022, with year-over-year prices across total food and beverages growing a sky-high 12.5% by end of year. But, when it comes to produce, consumers have not responded based on price-impact alone. Shoppers are undoubtedly being more price-conscious in their food purchase habits, but convenience and quality remain key factors driving […]
Consumer spending power increases, but Asda tracker shows cost concerns still high
Although spending power has increased and inflation decreased, new insight from Asda shows that shoppers are still struggling with affordability. The rising cost of food and other items actually means that the amount customers can spend per week fell by £3 from March to August. That data point offsets somewhat upbeat news and is among […]
Own-label lines and deep discount chains heavily influencing consumer spending across UK
After ten months of double-digit price growth, the British public is continuing to turn to own label lines to help manage spending, according to research by Kantar Worldpanel. Grocery price inflation rose by 17.3% in the four weeks to 16 April 2023, down marginally on the 17.5% recorded in the previous four weeks according to the […]
