Please note that below is a shortened excerpt of the report on food and beverage financing trends. View the full version here.
STATE OF THE INDUSTRY
GROWTH FEELS REAL
Q3 GDP came in higher than expected at 2.8%. Interest rates are starting to drop with another reduction expected by the end of ‘24.
CONSUMER CONFIDENCE
Americans last month became more optimistic about the future of the labor market and the broader US economy. Fastest clip since Mar ‘21.
JOBS, FOOD & GAS ALL SOLID
Several months of strength in jobs and dropping gas and supermarket prices are putting more dollars in EVERYONE’S pockets.
NPI CONTINUES TO EXPAND
NPI sales are expected to hit nearly $320B in 2024 with growth across virtually every department. Growth is expected at 5% per year hitting $384B by 2028.
NPI DOLLARS & UNITS
Using MultiOutlet as a measure of mass market consumer preference, both NPI dollars and units have been increasing in growth throughout 2024.
CHANGING LANDSCAPE
The challenging market of the last few years has required retailers to get smart about their investments and clear in their strategy: Mergers, closings, retail media, technology.