A majority of consumers are spending savings from lower fuel prices to buy groceries. According to the new “Why? Behind the Buy” report from Acosta Sales & Marketing, 72% of shoppers ages 18 to 34 years will spend fuel savings on groceries.
Purchases in brick-and-mortar stores still accounted for more than 94% of all retail sales in the United States last year, totaling $4.4 trillion. But according to the new “Reality of Retail” report from retail marketing firm InReality, consumers are shifting their in-store shopping habits.
Store brand sales in all the major retail channels are continuing their upwards trend, setting new records across the board for annual revenue, according to the Private Label Manufacturers Association’s 2015 Private Label Yearbook.