Recent convenience store articles
Record high fuel prices, soaring commodities costs, and declining consumer confidence have changed the way U.S. consumers shop, according to a recent Nielsen consumer survey.
Results from the survey indicate that 63% of U.S. consumers have reduced their household spending this year.
The findings also suggest that consumers will continue to combine shopping trips, eat at home, and seek out at-home entertainment.
Sales of private brands are up 10% this year — to $80.3 billion in the U.S., Nielsen reported Friday.
Private label dollar sales are being driven primarily by higher commodity pricing — especially in staple categories that are dominated by private brands. But in recent weeks, private label unit sales have also grown — a sign that consumers are starting to shift away from established brands in search of better deals.
Among private label food brands, flour (+35%), baby food (+33%), and fresh eggs (+28.2%) showed the largest dollar percent change during …




