As shoppers continue to face higher grocery prices, they’re using multiple tactics to reduce or reallocate weekly food spending, like trading down to private label items, buying in bulk, using more leftovers or choosing a quick-service restaurant over a full-service restaurant, according to Circana food and beverage analysts at their annual Growth Summit last week.
Social media is playing an increasingly important role in purchase decisions. Whether inspiration or product discovery, information-gathering or purchase, it’s a topic that came up again and again at The Inspired Home Show 2023.
From March 4-7, everyone from C-suite execs to start-up entrepreneurs, celebrity chefs to retail experts, trend forecasters to online influencers will converge on Chicago’s McCormick Place to help shape the future of everyone’s favorite place—home.
IHA’s 2023 Occasions Report offers a comprehensive analysis of how consumers are once again embracing key life events. Eight occasions are featured: engagements, bridal showers, weddings, home ownership, pet ownership, baby showers, college-bound and retirements.