Supercenters regain ground in slowed economy as emerging CPG innovations take center stage
The elevated price of retail consumer packaged goods (CPG) was the industry’s most significant story in 2007, according to a report released today by Information Resources, Inc. (IRI), the leading global provider of consumer, shopper, and market insights for CPG, retail and healthcare industries. Sky-rocketing ingredient costs and energy prices pushed CPG prices up by 4.2 percent, with double-digit increases occurring across a variety of categories, including mainstays such as milk, eggs and refrigerated juices. The IRI study details how the largest price increases in recent memory prompted changed spending patterns, with U.S. consumers turning to supercenters, such as Wal-Mart, and private label products in search of lower prices.
Register now and read the rest of this article.
Registered users have access to all online content including IRI publications, white papers, podcasts, and more.
Click here to register
today and get immediate access.
Already registered?
Log In Now
|