What's Inside

On January 21, 2023, Coresight Research presented at the FMI Midwinter Executive Conference on grocery resilience in a challenging economy.

In this presentation, we explore the current grocery retail environment compared to past recessions, covering sales, consumer behavior and sentiment, GDP growth and inflation.

We present six actions for grocery retailers to take now, with recommendations across retail media, food-away-from-home alternatives, social responsibility, private label and more.

Data in this report include:

• Annual year-over-year changes in grocery retailers’ sales since 2000
• Recent data on US GDP growth, inflation (CPI), unemployment rates and consumer sentiment
• Grocery sales at major dollar stores
• Food spend shifts in challenging economic environments
• Year-over-year US food and beverage sales value growth since 2017: private label versus name brand

Other relevant research:

• For more on this topic, look out for our upcoming report in partnership with FMI: Grocery Retail and Recessions: Learnings from the Past and Recommendations for the Future.