The restaurant sector is showing some strong recovery after running the gauntlet for the past couple of years. However, alcohol’s future looks more tenuous, with the role of drinks – and the share of more expensive, premium products – becoming increasingly squeezed by ever-ratcheting living costs.
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Inflation and price squeezes have impacted sales of FMCG products in the multiples over the past 12 weeks, including alcohol. However, in actual terms, alcohol is still a more profitable sector than pre-pandemic.
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Consumers are increasingly dining out with more going to restaurants, pubs and bars, the latest update to the Lumina Intelligence UK Eating Out Market Report 2021 has found.
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Spanish wines appear to be holding ground against the broader UK wine market, with signs of uplift at the mid-to-high end. Andrew Catchpole sizes up the stats.
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The latest data released by Kantar indicates that UK drinkers are consuming less alcohol at home, with total grocery sales of BWS falling significantly over the past three months.
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Shoppers are returning to stores to make regular, smaller purchases and a divide is beginning to emerge among online grocery shoppers, new grocery data has revealed.
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The Co-Op has reported record sales over the past quarter, with the fastest share growth in the grocery retail industry for the 12 weeks to 14 June (Kantar). Sales are up 29.1%, bringing their market share to 7.4% – their highest since 2001.
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Temperatures were unseasonably mild over Christmas, and from the latest results, it looks like things were unexpectedly cosy for UK retail.
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