Consumer confidence, as measured by the Refinitiv/Ipsos Primary Consumer Sentiment Index, is at 47.1 for the month of August, down 2.5 points from July and 13.5% year over year.
IRI found that 27% of consumers used their stimulus on groceries and household necessities, and likely would use a second stimulus for the same purposes
Kent Bicycles, a producer of private brand bikes for Walmart, is seeing unprecedented levels of demand, challenged to get bikes on racks as the activity gains popularity during COVID-19
Data from Spins and the Plant Based Foods Association shows big sales growth for plant-based products amid some of the highest-volume periods of the COVID-19 pandemic.