This Week in Retail: The Christmas Countdown
Jingle bells—or should we say alarm bells—are ringing now that just two short weekends are left to shop for Christmas.
In the lead-up to the big day, grocers are focused on holiday spending as consumers prepare to celebrate the season with food and drinks. This sparks interest in the protein case and traditional favorites for the Christmas dinner table, including hams and rib roasts.
This week in retail, pork leads the charge in retail buying opportunities with 30 percent of total protein ad space. Seafood follows with 24.2 percent, while beef comes in with 22.3 percent. Chicken accounts for 15.5 percent, up slightly from the week prior.
Upon closer inspection, bacon features make up a large chunk of category ads within the pork complex. Brand-label bacon currently averages $6.43 per pound, up 19 cents a year ago and at a near seasonal all-time high. Shoppers can find holiday hams at a more palatable price point of $1.96 per pound on average, below $2.23 last year. Pork roasts are situated above 2021 levels at an average of $2.98 per pound but are competitively priced against many beef and chicken items...Full Story »