Retail Channel $ Update – November Monthly & December Advance
Retail Sales growth continued in 2024 but the rate was far below the 1992>2023 average!
Author Archive for: johngibbons
Entries by John Gibbons
Petflation 2024 – December Update: Drops to +2.0% vs 2023
Petflation fell to 2.0% in December and finished 2024 at 2.6%, 17% below the 1997>2023 average!
2023 Pet Food Spending was $45.50B – Where did it come from…?
The lift was a record $6.81B and +17.6% was triple the average 1984>2022 increase!
2023 Pet Products Spending was $68.52B – Where did it come from…?
Driven by a record lift in Food, Pet Products had the 2nd largest spending increase in history!
Retail Channel $ Update – October Monthly & November Advance
November was the 2nd largest Retail $ month in history but the YOY lifts slowed from October.
Petflation 2024 – November Update: Jumps Up to +2.9% vs 2023
Petflation jumped from 2.0% to 2.9% as the recovery paused again.
2023 Total Pet Spending was $117.60B – Where did it come from…?
All Industry segments had increases, driven by spending lifts by 91% of all Demogaphics!
2023 U.S. Pet Spending by Generation – Boomers Back on Top!
Millennials have the biggest lift but Boomers move back to the top in Total Pet $.
Retail Channel $ Update – September Monthly & October Advance
Sales were up for all from September and Relevant Retail’s YOY lift was 21% more than average!
Petflation 2024 – October Update: Slows to +2.0% vs 2023
Nationally the CPI rose to 2.6% from 2.4% while Petflation slowed to 2.0% from 2.1%. Similar patterns produced different results.