IFMA Introduces Rebranded Identity at 2024 Presidents Conference
The 72-year-old organization recently unveiled a rebrand in a new video that retraces its history and reflects the changes seen in the food-away-from-home category since the pandemic.
Tag: Consumer Spending
FI News Review (August 9, 2024) – How Much Are Consumers Spending Right Now?
FI News Review (May 3, 2024) – Signals for a Summer Spending Slowdown
Analysis: Consumer Spending Slowing, Even for the Wealthy
Due to the current inflationary environment, and with fears of a looming recession, analysis shows consumers are trading down in their spending, looking at less expensive brands and going for deals.
Consumers Break Black Friday, Cyber Monday Records
Despite recession fears, consumers were in a spending mood to kick off the holiday season, breaking Black Friday and Cyber Monday sales records.
Retailers Overloaded with Inventory at Summer’s Outset
Who doesn’t love a bargain? Consumers likely will be in luck this summer as retailers, whose inventories have swollen largely due to the pandemic and shifts in buying behaviors, try to rationalize their stocks amid …
Consumer Spending Shifts as Recession Warnings Loom
With COVID and Russia’s invasion of Ukraine buffeting supply chains, food availability and energy prices, economists are warning of dire times ahead as consumers shift spending patterns to cope with inflation. JPMorgan Chase & Co. …
Consumer Purchasing Behavior Appears to Be Unchanged Despite Inflation Woes
Inflation is still a major concern for consumers, but it’s not stopping them from spending. INFLATION A CONCERN FOR 9 OF 10 AMERICANS Almost 90 percent of all adults in the U.S. are concerned about …
Seafood Sales Riding Wave of ‘Blue Food’ Movement
Seafood sales continue to trend upward at the grocery store as health and environmental benefits sway more consumers towards so-called “blue foods” and restaurant accessibility remains in flux. Overall sales for the category totaled $16.8 …
Research Shows Delta Variant Turning Consumers Skittish on Dining In, Shopping
With daily COVID cases up 11% since last week in the U.S., signs of the pandemic’s staying power threaten to disrupt the nascent effort to attain some semblance of normalcy. The Delta variant has turned …
Report: U.S. Economy Up 6.4% in Q1
The U.S. economy grew at a 6.4% rate in the first three months of the year, The Associated Press reported Thursday. The gains are setting the stage for what economists are forecasting could be the …
‘Revenge Spending’ the Latest Trend Driving Earnings
Walmart recently posted strong quarterly sales growth and boosted its profit outlook, as comparable sales increased 6% for U.S. stores, excluding fuel, according to Bloomberg (May 18). The retailer attributed the strong performance to a …