Consumers Savor the Holiday Season With ChocolateMore than 60% of adults allow themselves more treats during the holiday season than at other times of the year. Thanksgiving Travel Expected to Hit New Record This YearThe estimated 71.7 million people to hit the roads by car will find lower gas prices. Thanksgiving Traditions Persist Despite Inflation Circana: Turkey Day remains one of the biggest food holidays of the year, generating a $2.4 billion lift in sales in 2023. Hispanic Consumers Fuel CPG Growth Circana: The cohort makes up 20% of the U.S. population. Global Inspiration & Ingredient Transparency Among Beverage Trends to Watch Consumer interest in the "sober curious" movement is also expected to continue in 2025. Holiday Spending Expected to Reach New Record NRF: Consumers anticipate spending an average of $902 on gifts, food, decorations and other seasonal items. Convenience Store Retailers Report Continued Downtrading on the Backbar The latest "Nicotine Survey" from Goldman Sachs finds wide price gaps are driving tobacco consumers to cheaper alternatives. Promotion Inequity Stalls Narrowing of Gender Pay Gap A "broken rung" on the corporate ladder hinders progress at higher levels, a new report reveals. Food Retailers & Manufacturers to Boost Private Brand Investments Growth areas include premium, health and wellbeing, and products boasting simple and clean ingredients. C-store Retailers Take Their Expectations for Beverage Sales Down a Notch Continued consumer pressures are taking their toll on store traffic, according to Goldman Sachs' third-quarter 2024 beverage survey. 1 2 3 4 5 Next Last
