By Bill Scott, President, StoreReport LLC What happened in September? There was little change in the first three-quarters of the rankings in the Top 100, but from there down it got crazy. The prize for making the greatest showing was Coors Light 16 ounce six-pack, which rocketed into position 99 for a gain of 165…
African-American Buying Power Increases
The number of affluent African-American households has risen drastically, increasing the buying power of the African-American demographic. New research from Packaged Facts has revealed that African-American buying power has grown rapidly over the past five years. The new African-Americans: Demographic and Consumer Spending Trends, 10th Edition from Packaged Facts has revealed that African-American buying power has topped $1…
Hispanic Consumers Want More
The reasons why the U.S. Hispanic community increasingly matters to c-stores’ marketing plans are becoming more varied, and important. By Sylvia Klinger and Tania Melendez, Contributing Editors In a country that has been shaped by the cultures of many different lands, it should come as no surprise that the many changes occurring in convenience stores…
Are You Ready for Generation Z?
Retailers, restaurants and leisure companies will be required to adapt to meet the demands of the upcoming generation. According to the new report “Gen Z: Get Ready for the Most Self-Conscious, Demanding Consumer Segment,” from Fung Global Retail & Technology, having grown up with social media and assuming instant access to almost all things digital,…
July/ August 2016 Comparisons Are In
By Bill Scott, president, StoreReport LLC Taking samples from 33 stores located in the southeastern U.S., the same Top Ten items held their own with the exception of 20/32 ounce Ice Cup dropping four positions and making way for Newport cigarettes moving up one position to command position number 10. Note: Not all of these…
How to Manage the Five Generation Workplace
Each of the five generations are looking for different things in the workplace, and employers must work to appeal to top performers. There are currently five different generations in the workplace. With Generation Z (under 18 years old) now entering the workplace, the workforce is now more diverse than ever. Research has revealed that Gen…
How Long will Baby Boomers Remain in the Workforce?
The nation’s most reliable generation is not likely to be exiting the workforce any time soon. New research indicates that baby boomers, some of the most driven members of today’s workforce, are not likely to be retiring early. In fact, a newly released survey from the Futurestep division of Korn Ferry suggests that businesses can…
The Healthy Eating Trend Shows No Signs of Slowing
Americans are now more willing to try new better-for-you options, but health food trends have not completely removed unhealthy snacks from consumers’ diets. A new national health food study from Earth Balance, which polled two thousand consumers, has revealed that grocery shoppers are increasingly searching for better-for-you options. The study observed which new foods consumers…
Ice Cream Consumption Cools
Americans may be cutting back on their ice cream consumption, but they are not necessarily cutting back on spending, as many are willing to pay more for premium products. Ice cream consumption is quite popular among Americans, as research has shown that it is almost universally consumed, many Americans are taking a different approach toward…
Consumers Increasingly Opt for Specialized Diets
Consumers are willing to pay more for foods that do not contain the ingredients that they are trying to avoid. According to recent research from Nielsen, consumers around the world are increasingly choosing more specialized diets in order to eat organic, low-fat, low-carb or to eliminate certain ingredients from their diets for a variety of…