The average household spends $3,400 on packaged goods, but the average grocery banner only captures as much as 20% of that, according to a recent IRI report.
While consumers may be growing more health-conscious with their food choices, it seems there is still room for life’s little indulgences.
“The formula for growth is simple. There’s really only three levers you can pull — find new buyers, get your buyers to spend more and/or raise prices,” said Chris Morley, president of fast-moving consumer goods, or FMCG, and retail at Nielsen.
INSIGHTS AND PERSPECTIVES
Drug Store News in May conducted a survey of healthcare industry professionals to determine views about existing data management practices and future needs across the sector.
With more than 12 million outbreaks estimated to occur annually among preschool and school-aged children in the United States, lice infestations are a big deal.
Having a baby changes everything — including shopping behavior, according to new insights from pregnancy and parenting resource BabyCenter, a Johnson & Johnson company.