Grocery turns in strong retail sales performance for December

By Russell Redman Source: Supermarket News Grocery sales climbed more than 8% in December and more than doubled that growth rate on a two-year stack, according to national retail sales tracker MasterCard SpendingPulse. Year over year, grocery retail sales rose 8.3% for December, Purchase, N.Y.-based MasterCard reported yesterday. Since December [...]

2022-01-11T16:23:55-08:00January 11th, 2022|Tags: , |

Grocery sales soared in 2020 due to COVID-19, but analysts forecast a 2021 crash back to Earth

Shoppers raided grocery store shelves in 2020, stocking up their pantries and dining increasingly at home as the COVID-19 pandemic spread. Now analysts and investors are concerned that sales will come back down to Earth in 2021, driving comparable sales declines across the sector. “Food and discount retailers were COVID-19 [...]

2021-01-25T20:49:27-08:00January 25th, 2021|Tags: , |
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