covid-19 impact on consumer behavior

2
During the past two weeks, convenience store dollars have recovered following the Labor Day “hangover” – where YoY dollars declined to approx. 0% – to +4.8% vs. a year ago (YA) This recovery was driven primarily by trips, which recovered from -17.7% to -12.6% vs. YA; spend has largely remained unchanged, however at +20% vs. YA, even during the holiday As of Week ending (WE) 9/27, categories contributing most positively to YoY dollars were beer (+13.7% vs. YA) and pack bev (+5.9% vs. YA); contributing most negatively were foodservice (-18.4% vs. YA), and hot dispensed (-37.4% vs. YA) When comparing WE 9/27 to WE 8/30 – a week before the effects of the current and prior year’s LDW’s began being seen in the data – weekday morning rush trips were up slightly (84% of prior year trips) while lunch / early afternoon and late afternoon / evening trips were down (88% and 87% of prior year trips, respectively) A monthly look at trips and basket-level data in convenience retail. Powered by PDI Insights Cloud, this monthly report provides consumer trip and basket-level data and analysis that will enable essential businesses around the country to deliver what their customers want and need right now. COVID-19 Impact on Consumer Behavior Key Insights This Report: +20% Spend PDI Insights Cloud is proud to partner with NACS & NACS Daily to provide you with these reports. PDI Report: Week Ending 9.27.20 © 2020 Professional Datasolutions, Inc., All rights reserved.

Upload: others

Post on 22-Dec-2021

4 views

Category:

Documents


0 download

TRANSCRIPT

During the past two weeks, convenience store dollars have recovered following the Labor Day “hangover” – where YoY dollars declined to approx. 0% – to +4.8% vs. a year ago (YA)

This recovery was driven primarily by trips, which recovered from -17.7% to -12.6% vs. YA; spend has largely remained unchanged, however at +20% vs. YA, even during the holiday

As of Week ending (WE) 9/27, categories contributing most positively to YoY dollars were beer (+13.7% vs. YA) and pack bev (+5.9% vs. YA); contributing most negatively were foodservice (-18.4% vs. YA), and hot dispensed (-37.4% vs. YA)

When comparing WE 9/27 to WE 8/30 – a week before the effects of the current and prior year’s LDW’s began being seen in the data – weekday morning rush trips were up slightly (84% of prior year trips) while lunch / early afternoon and late afternoon / evening trips were down (88% and 87% of prior year trips, respectively)

A monthly look at trips and basket-level data in convenience retail. Powered by PDI Insights Cloud, this monthly report provides consumer trip and basket-level data and analysis that will enable essential businesses around the country to deliver what their customers want and need right now.

COVID-19 Impact on Consumer Behavior

Key Insights This Report:

+20% Spend

PDI Insights Cloud is proud to partner with NACS & NACS Daily to provide you with these reports.

PDI Report: Week Ending 9.27.20

© 2020 Professional Datasolutions, Inc., All rights reserved.

Weekly Trip & Basket Spend BehaviorConvenience stores saw a boost in dollar sales over the past few weeks after experiencing a decline following Labor Day. The recovery was largely the result of an increase in trips, including during the morning rush, which has lagged slightly behind the other dayparts. Spend during this period remained relatively stable. The beer and packaged beverage categories were the top contributors to the recovery, while the foodservice and hot dispensed categories struggled.

Dollars per TransactionWeekly % Change vs Year Ago

Prior two-week average per store transactions (trips)

4,415

$40,590Prior two-week average per store dollars

$9.19 Prior two-week average basket dollar amount

Per Store Transactions (Trips) Weekly % Change vs Year Ago

Per-Store Dollars Weekly % Change vs Year Ago

Get the full report www.pdisoftware.com

Week Ending9/27/20