Nielsen retail industry experts Jonathan Banks, Todd Hale, Tom Pirovano, James Russo, and Jean-Jacques Vandenheede review the key trends that defined the U.S. retail sector in 2008 – and offer their predictions for the new year.

2008: Staying In Is The New Going Out
Americans are spending more time in front of their computers and televisions. The reach and frequency of TV, Internet, and time shifted TV use increased notably in 2008, as consumers on tight budgets opted to save money by staying home. 

2008: Economizing Strategies Go Digital
In 2008, 20% of consumer discussions online referenced strategies for managing grocery budgets.  Visits to price comparison websites were also up significatnly this year. 

2008: Private Label Reigns Supreme 
As the economy worsened, consumers continued to shift dollar and unit spending to private label products.  The result: private label shares hit all time highs in both units and dollars at year’s end.  Private label dollar sales averaged about 10% growth in the five four-week periods near the end of the year.  Meanwhile, unit sales growth accelerated, averaging 4% to 5% growth.  In comparison, branded products saw 3% average dollar sales growth and 3% unit sales decline. 

2008: Value Trumps Variety, Convenience
“Value” categories and brands saw greater growth in 2008, compared to the previous year:
- Spam: dollar sales up 14% vs. year ago 
- Ramen Noodles: dollar sales up 30% vs. year ago
- Dry Pasta: dollar sales up 25% vs. year ago
- Bulk Rice: dollar sales up 38% vs. year ago
- Margarine: dollar sales up 21% vs. year ago
- Canned Vegetables: dollar sales up 9% vs. year ago
- Frozen Vegetables: dollar sales up 7% vs. year ago

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