Retail Channel Monthly $ Update – February Final & March Advance
March Retail Sales were $627.9B, a record not just for March, but for any month!
Over 45 years in Consumer Products including 31+ years in the Pet Industry developing and executing successful strategic sales and marketing plans for manufacturers.
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.
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!