Articles Tagged with ''beverage sales''

In the United States, IRI National Consumer Panel data shows customers are both making more trips and buying larger baskets in the most recent two weeks. Both pantry stocking and smaller quick trips were up significantly.

As the COVID-19 outbreak accelerates in Europe and the United States, governments, businesses and consumers are rapidly changing behaviors. In its March 26 report titled “COVID-19 Impact: Consumer Spending Tracker for MULOC Retailers – US, UK, France, Italy, NZ,” Chicago-based Information Resources Inc. (IRI) collaborated with its partners at the Boston Consulting Group (BCG) to analyze the latest consumer purchases in these respective countries.

Gains will stem from increases in population and disposable personal income, which will drive purchases of higher-end and niche beverages.

Suppliers will continue to benefit from a consumer trend toward premium and super-premium distilled spirits, and away from beer and wine.

The study found that digitally native Gen Z purchases alcohol from local liquor stores more often than their millennial, Gen X and baby boomer counterparts.

It’s time to raise a glass and cheers to another stellar year for the beverage market.