In the ever-evolving retail grocery landscape, recent data suggests a nuanced shift from prior trends. While dollar growth across all channels is notably slowing, unit sales continue to trend towards the positive. Encouragingly, the natural channel is positioned to be the first channel to return to positive unit growth.
Moreover, a descent in average retail prices observed within the Total US and regional grocery markets is indicative of a start of a market correction from the runaway inflation that gripped the US markets in late 2022 and early 2023.
Declining foot traffic in the overall grocery sector continues to be a concern for traditional brick and mortar retailers, as consumers continue to find alternative outlets for grocery purchases. Adaptability, consumer experience, and strategic pricing strategies may be crucial in navigating these changing tides.
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