Retail Channel Monthly $ Update – January Final & February Advance
The recovery continues into February.
Over 45 years in Consumer Products including 31+ years in the Pet Industry developing and executing successful strategic sales and marketing plans for manufacturers.
The recovery continues into February.
Breaking News – More exhibitor changes!
Although a virtual event, GPE 2021 remains a “must do” for all committed Pet Industry participants!
Total Retail $ set a record in December, followed by a record January!
A mixed result, but Services essentially held their ground at the new elevated $pending level.
97% of demographic segments spent less leading to a record drop in $ – all due to tariffs!
A strong rebound from the impact of the FDA grain free warning, but Pet Food spending became a little less demographically balanced.
Pet Food $ rebounded but couldn’t overcome a record drop in Supplies due to Tarifflation!
December Retail $ grew to a record $620B, pushing Total Retail Sales up +$40B YTD vs 2019.
2019 was a bad year for lower income minorities, Hispanics and especially African Americans.