• Bloomberg reports that “retail sales rose in November at the slowest pace in five months, indicating American consumers were trying to live within their means heading into the holiday shopping season as wages dropped. The 0.2 percent gain in purchases fell short of the 0.6 percent median forecast of economists surveyed by Bloomberg News and followed increases in the prior two months that were larger than previously estimated, according to data from the Commerce Department today in Washington.”
• Beverage Industry reports on a new study from Technomic saying that coffee is helping to dictate where people eat breakfast: “Thirty-three percent of consumers who drink coffee at breakfast say they are loyal to a coffee brand or restaurant that serves their preferred coffee, which is an increase from 25 percent who reported loyalty in 2009.”
The story also notes that “Technomic estimates that the breakfast segment accounts for 12 percent of the total restaurant industry, generating about $42 billion in annual sales. Breakfast patronage has increased at foodservice locations, particularly fast-food restaurants where 46 percent of consumers now occasionally purchase weekday breakfasts, compared to 33 percent in 2009.”
• Beverage Industry reports on a new study from Technomic saying that coffee is helping to dictate where people eat breakfast: “Thirty-three percent of consumers who drink coffee at breakfast say they are loyal to a coffee brand or restaurant that serves their preferred coffee, which is an increase from 25 percent who reported loyalty in 2009.”
The story also notes that “Technomic estimates that the breakfast segment accounts for 12 percent of the total restaurant industry, generating about $42 billion in annual sales. Breakfast patronage has increased at foodservice locations, particularly fast-food restaurants where 46 percent of consumers now occasionally purchase weekday breakfasts, compared to 33 percent in 2009.”
- KC's View:
