American consumers are willing to pay more for locally produced foods and want companies to provide more sustainable food options, according to a new study conducted by Cone Communications Research, Boston.
Most shopper behavior studies dissect shoppers by income, ethnicity and/or geographic location, but very few focus on shopping habits of men versus women.
Supermarket sales grew a meager 0.12 percent in 2009 and same-store sales decreased 0.82 percent, illustrating the complex and challenging marketplace in which food retailers operate every day.
Although consumers are still reeling from the aftershock created by the global economic crisis, they have learned lessons, changed behaviors, adapted and created a new way of life.
Store brand products can compete with their name-brand counterparts and save shoppers more than a thousand dollars a year on grocery bills, according to a new study from Consumer Reports.
Nearly every household in the United States purchases store brands today, and 80 percent of consumers believe store brand products are equal or superior to national brands.
Senior food and beverage industry executives see improved revenue and profitability this year and next, but caution that the jobs outlook in their sector will only gradually improve in 2011.
As the two age groups that most benefited the convenience store category, Baby Boomers, ages 46-64, and young adults, ages 18-33, age over the next decade, convenience stores will need to adapt to meet their changing needs, reports The NPD Group.
