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Tag: declines

Grocery shopping frequency declines as pandemic concerns remain high

Consumers are shopping for groceries less but spending more than they did pre-pandemic. That’s according to the ninth COVID-19 grocery shopper research report from Acosta, which found that shopping once a week has declined 20% since the pandemic began, from 67% of shoppers to 47% of shoppers. The report also found that shoppers’ concerns about …

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Brewers embrace Dry January as US beer consumption declines

A still image from Heineken O.O video ad Source: Heineken Americans are drinking less beer, encouraged by trends like Dry January. But brewers like Molson Coors Beverage and Heineken are trying to use the monthlong sobriety challenge to promote their beer. Dry January started in the United Kingdom in 2013. Since then, the movement has …

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L Brands shares rally despite continued sales declines at Victoria’s Secret

People walk past a Victoria’s Secret store in Barcelona. John Milner | LightRocket | Getty Images Victoria’s Secret has yet to stem its sales declines, but the company is hopeful that new products will win back customers. The brand is pursuing “more elevated product — more glamour, more fashion, a lot of emotional content,” said …

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