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Wealthy Consumers Up Spending on Fast Food, A&E
Ultra-affluent consumers increased their spending on quick service restaurant (QSR) dining and arts & entertainment in Q2 2010, according to [pdf] recent data from American Express.Wealthy Eat on the Run
While ultra-affluent consumers increased their spending in several food service sectors between Q2 2009 and Q2 2010, somewhat surprisingly, results from “Q2 2010 Spend Trends Report:...Continue Reading »
3 in 10 Holiday Travelers Will Boost Spending
Among the 39% of Americans who plan to travel this holiday season, almost one-third (30%) say they expect to spend more than last year, according to the October 2010 American Express Spending & Saving Tracker.Average Traveler to Spend $460
On average, travelers plan to spend $460 per person with that figure jumping to $500 per person among young professionals and $560 among affluents....Continue Reading »
RPI Remains Virtually Flat - Update
The Restaurant Performance Index (RPI) remained flat [pdf] in August 2010, following four straight months of contraction. The RPI, which measures the overall health of the food service vertical. The index of restaurant performance, stood at 99.5, virtually identical to 99.4 in July. Its recent high was 100.4 in April 2010.The RPI previously remained below 100, signifying contraction, for...Continue Reading »
Environmental Update: Chili’s, GNC, IBIE
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.Chili’s Touts Largest U.S. Roll-Out of LED Lamps
Chili’s Restaurant touts it is rolling out the largest U.S. installation of LED lamps, reports LEDS Magazine. The restaurant chain is in the process of installing 125,000 LED...Continue Reading »
Consumers Scare Up Halloween Spending
Consumer spending on Halloween this year should return to 2008 levels after dipping in 2009, according to new data from the National Retail Federation (NRF) and BIGresearch.Spending Returns to '08 Levels
Americans will spend an average $66.28 each on Halloween costumes, candy and decorations, up 17.7% from last year’s per person average of $56.31 and comparable to the $66.54 average...Continue Reading »
Leading Supermarkets Pursue Expansion - Update
The strikingly different same-store sales performance of national supermarket chains Kroger and Supervalu reflect the upheaval the supermarket vertical is undergoing. However, despite pressure from discount chains (especially Wal-Mart), warehouse clubs and dollar stores producing varied results among vertical leaders Kroger and Supervalu, both are pursuing store expansion.Kroger...Continue Reading »
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Quarterly Restaurant Visits Decline at Slowing Rate
Visits to U.S. restaurants were down compared to the previous year for the eighth consecutive quarter in Q2 2010, but the rate of decline eased compared to the same quarter a year ago, according to The NPD Group.Non-commercial Feels Hardest Pinch
According to NPD's CREST, which continually tracks consumer usage of commercial and non-commercial foodservice...
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Environmental Update: REI, Applebee’s, AutoZone
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.REI Cuts GHG Emissions
Recreational Equipment Inc. (REI) has reduced its absolute climate impact by 10 percent from 111,000 tons of greenhouse gas (GHG) emissions, or C02e, to less than 100,000 tons C02e from 2008 levels,...Continue Reading »
Consumers Reduce Spending, But Still Fund Passions
Many US consumers are planning to cut their spending, but are still managing continue to spend money on key discretionary "passions" even as the recession continues, according to the American Express Spending & Saving Tracker.1/3 of Consumers Will Spend Less
In a year-over-year comparison, more than one-third (37%) of consumers anticipate spending less during the next 30 days (a slight...Continue Reading »
Environmental Update: Whole Foods, Burger King, Fresh & Easy
Each week, Retailer Daily provides a review of notable environmental news happening in the retail industry. Articles are provided courtesy of Environmental Leader.Whole Foods Rolls New Sustainable Packaging Guidelines
Whole Foods Market has rolled out new responsible packaging guidelines to all of its more than 2,100 body care and supplement suppliers company-wide. All new body care and...Continue Reading »