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Merchandising & Ecommerce Leader | Brand Builder | Retail Buyer | Merchant | Category Manager | Plus Size Fashion Advocate | Sports Enthusiast

The economics of Memorial Day The unofficial start of #summer and a reason for retailers to offer mega-deals (a more serious post will follow tomorrow)... ▪️57% of Americans plan to celebrate (Numerator) ▪️AAA predicts the second highest #travel forecast for Memorial Day since 2000 with 43.8 million people traveling ▪️Food and alcoholic #beverages are the top 2 categories on shopping lists ▪️Beer is the top choice for alcoholic beverages at 76% (those planning to buy alcohol) ▪️Gen Z is twice as likely to choose hard seltzers or canned cocktails (88% vs. 35% avg) while Boomers are more likely to choose wine (51% vs. 42% avg) #Food and #beer prices although starting to stabilize are still up from last year: 🥩Steaks have increased in price 6.5% YoY 🍔Ground beef increased in price 6% YoY 🌭Hot dogs increased in price 7.1% YoY 🍻Beer prices increased in price 3% YoY Later today my husband and I will be taking a trip to Costco Wholesale to shop for the #BBQ we will be hosting. Costco on a Friday afternoon is not for the faint of heart. Wish us luck! I’m looking forward to our tri-boro #parade on Monday. Attending has become a new family #tradition for us. The kiddos love watching all the #trucks, emergency workers, and #veterans parade through town. What retailers do you think speak to Memorial Day well? How do you plan to celebrate and honor the lives of our #heroes? Spending more or less? Is your basket going to be comprised of more #privatelabel #brands or #national brands? Stay tuned – tomorrow I’ll be sharing a letter from my Great-Uncle who lost his life in service to our country. Dated 1943. #memorialday

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Jamie Arena

Merchandising & Ecommerce Leader | Brand Builder | Retail Buyer | Merchant | Category Manager | Plus Size Fashion Advocate | Sports Enthusiast

4mo

Costco was much better than expected at 10:45 am today. In and out in less than an hour. Staff friendly and helpful, as always!

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With no statistical evidence to back it up, it does feel like there are tremendous amount of deals out there for this holiday. Will be interesting to see how things shake out in terms of consumer spend. On a personal basis, I'm looking forward to reading about your great uncle and giving thanks for all those who gave the ultimate sacrifice.

Joanna Williams

Founder Since Tomorrow | LinkedIn Top Voice

4mo

Shrinkflation is real, picked up some wine the other day - the bottles are noticeably slimmer 😭😭😭

Jane Singer

Managing Director, Inside Fashion, Host of A Seat at The Table podcast | Hong Kong/New York

4mo

Costco has become the go-to store ... for just about everything these days. Have a fun holiday!

Walter Holbrook

YODA RETAIL | RETHINK Retail Top Expert 2024 | Leadership Development | Merchant | Transformation & Change Coach | Retail Pioneer - Mad Man Era to Today |

4mo

Jamie Arena Costco is on fire! 🔥🔥

Makes sense!

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