Retail Channel Monthly $ Update – September Final & October Advance
Retail Sales are up vs 2021 but the amount sold YTD vs 2021 is down again for most channels.
Over 45 years in Consumer Products including 31+ years in the Pet Industry developing and executing successful strategic sales and marketing plans for manufacturers.
Retail Sales are up vs 2021 but the amount sold YTD vs 2021 is down again for most channels.
Petflation is now 50% higher than the national rate for October and just passed the YTD rate!
A strong, widespread Pandemic recovery as 90% of demographic segments spent a record $2.2B more on Services!
Supplies Spending comes roaring back with the biggest, most demographically widespread lift in history.
Retail spending vs 2021 is still up but the amount of product sold is still down!
Petflation is now 34.5% higher than the National Rate!
Pet Food spending falls slightly after the pandemic binge buying in 2020.
The 3rd biggest Retail Sales month in history but inflation is still a major problem!
The PPI for all types of Dog & Cat Food increased in August signaling that Pet Food Retail Inflation is likely to grow!
The National Inflation rate is stabilizing but Petflation is growing!
