Retail Channel Monthly $ Update – June Final & July Advance
Relevant Retail $ were up vs 2022 – both actual & “real”, but over 80% of the $ales lift came from NonStore Retailers.
Over 45 years in Consumer Products including 31+ years in the Pet Industry developing and executing successful strategic sales and marketing plans for manufacturers.
Relevant Retail $ were up vs 2022 – both actual & “real”, but over 80% of the $ales lift came from NonStore Retailers.
Petflation slowed again but is still 2.7 times the national rate!
This segment is the most driven by high income so high inflation had little impact!
A $7B increase that slowed in the 1st half of 2022, perhaps due to fast growing inflation!
Monthly Real Sales vs 2022 (Incuding Inflation) are positive again for Relevant Retail. The slow turnaround continues!
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Petflation fell below double digits, +9.6%, but it is now 3 times higher than the National CPI.
Pet Food’s annual growth rate from 2019>22 is 41% higher than the pre-pandemic rate!
The Retail outlook is not great but better than April. Monthly “real” sales vs 2022 are again positive for Relevant Retail – now in 2 of the last 4 months.