Retail Channel Monthly $ Update – May Final & June Advance
June was down slightly from May but still strong. Even Restaurants are now up YTD vs 2020 and 2019!
Over 45 years in Consumer Products including 31+ years in the Pet Industry developing and executing successful strategic sales and marketing plans for manufacturers.
June was down slightly from May but still strong. Even Restaurants are now up YTD vs 2020 and 2019!
The beginning of the pandemic hit the Services segment very hard!
After peaking in Mid-Yr 2018, the spending decline continues!
A new monthly $ record in May – $644B. Question: Can monthly Retail $ break $700B by December?
The onset of the pandemic caused some panic buying of Pet Food!
Pet Stores held their ground in the latest migration… to the internet.
Want evidence of a Retail Recovery? Take a look!
See the demographic spending similarities and differences between Pet Industry segments
March Retail Sales were $627.9B, a record not just for March, but for any month!
Thanks to inflation, the amount of Veterinary Services actually declined, but spending did become a little more balanced.