Value-seekers drove 2024's retail trends and dead ends

5 days ago · (Associated Press) - Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high …

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Top 5 Consumer Trends In 2024 - Food Logistics

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Nov 20, 2023 · The Top 5 trends in 2024 are outlined below and stem from FMCG Gurus’ recently released report. Maximize my value. 53% of global consumers are actively looking to reduce …

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FAQs about Value-seekers drove 2024's retail trends and dead ends Coupon?

Are food prices a major issue in 2024?

Inflation, while lower than in the past few post-pandemic years, remains high and a source of consumer concern. Some 70% of shoppers in February 2024 cited food prices as a top issue (versus 75% a year earlier), according to FMI, The Food Industry Association. ...

What are the trends in 2024?

Here are some of the trends – and dead ends – that The Associated Press tracked in 2024: The nation’s largest retailer typically shines during tough times as shoppers turn to the discounter for groceries, which account for 60% of Walmart’s total business. ...

What will grocery stores look like in 2024?

Grocers will focus more on authenticity and curated culinary offerings to help draw customers back to stores in 2024, Stern predicted. “We’ve gotten a little stale as an industry,” Stern said. “How do we really up our food game?” ...

How will 2024 affect supermarkets & grocery stores?

As 2024 unfolds, supermarkets and grocery stores continue to grapple with inflation, supply chain disruptions, and labor issues, while food prices continue to top the list of consumer concerns, particularly among Generation Z and millennials. ...

How has the food industry changed in 2024?

Those shifts changed the buying and eating landscape in 2024. As of Dec. 20, Coresight Research tracked 48 retail bankruptcies in the U.S., compared with 25 during the same period a year ago. And at least 22 restaurant chains filed for bankruptcy this year, the highest number since 2020, according to BankruptcyData, a company that tracks filings. ...

Is shopping changing in 2024?

Shopping is changing. In 2024, that comes in the form of a number of growing major retail trends. But that need not be worrying for small businesses. Instead, use them to inform your strategy, and these signify huge opportunities for retailers to grow in 2024. ...