From Boomers to Hispanics, Supermarkets Lose CPG Share of Key Consumer Segments

 In International

There’s good news and bad news for supermarkets in the latest consumer spending data.

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Let’s start with the good.

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Just over half of consumers — 51{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} — are still eating out less today than before the downturn started, and 90{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} said they’ll continue to do so, according to SymphonyIRI Group’s Times & Trends report on channel migration.

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Now for the negative side. Grocers, which retain the biggest sales shares overall, are losing momentum to other retail formats, and the most troubling part is it involves some of the supermarket industry’s most coveted or loyal shoppers, as outlined in the same report. Supermarket News – Read more…
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