Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail News

  • Home
  • Retail News
  • Fourth of July sales to top $7.1B

Fourth of July sales to top $7.1B

  • Categories Retail News
  • Date July 3, 2017
  • Comments 0 comment
  • A National Retail Federation survey, conducted by Proper Insights & Analytics, predicts that Americans will spend $7.1 billion on food items over the Fourth of July holiday, up from $6.8 billion in 2016 and $6.7 billion the year before. Included in the calculations are cookouts and picnics, with 65.5% of respondents saying they plan to celebrate Independence Day this way.

  • The average cost of food items per person for the holiday is estimated at $73.42, up from last year’s $71.34. According to the survey, 219 million Americans will celebrate the holiday, with 32.9 million traveling out of town (up from 31.1 million in 2016).

  • 27.6% of Americans also indicated they would be purchasing patriotic merchandise for the celebrations, while 34% said they were unsure.  

Holidays have always been big spending periods for consumers, the Fourth of July is no different, and with 219 million Americans taking part, it promises to bring in significant profits.

The majority of consumer spending for the period will go toward food, with the NRF estimating that Americans will spend an average $73.42 per person on cookouts and picnics. In what some grocery chains name their busiest days of the year, the Independence Day weekend should be a huge money-maker for big-box retailers like Target and Walmart, as well as traditional grocers like Kroger.

In addition to the insatiable American appetite, retailers will benefit from the sale of patriotic items, although not overwhelming. At least 27% of Americans plan to purchase some kind of patriotic merchandise, be it American flag, American t-shirt, or otherwise.

If last year is any indication, the weekend leading up to the holiday should be where consumer spending is the highest. Information aggregated from Bank of America’s over 40 million credit and debit accounts revealed that consumers spent 37% more on July 1 at mass market grocery stores than the year before, as well as 27% more at gas stations and accompanying tolls and bridges. With the increase in travel reported by the NRF this year, we can expect those trends to continue.

Source: Retail Dive

  • Share:
gsiino

Previous post

Whole Foods Store in Weehawken
July 3, 2017

Next post

As Millennials Mature, Firm Future For Retail
July 5, 2017

You may also like

Senza-titolo-2
Co-op extends robot deliveries to Bedford
25 July, 2022
amazon-health
Health deal shows how Amazon keeps ahead of regulators and rivals
22 July, 2022
walmart
Retail Media Arms for Walmart and Kohl’s Get Major Boost
22 July, 2022

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Mango Teen opens new store in Barcelona
27Jul2022
Crypto project Solana is opening a store in NYC. Take a look inside
27Jul2022
Co-op extends robot deliveries to Bedford
25Jul2022
Health deal shows how Amazon keeps ahead of regulators and rivals
22Jul2022
Retail Media Arms for Walmart and Kohl’s Get Major Boost
22Jul2022

Twitter:

GRA_World Follow

An association made up and dedicated to the retail industry world's leading companies. Become a member today!

Gra_World
Retweet on Twitter GRA_World Retweeted
meshaalbomairh Meshaal Bin Omairh @meshaalbomairh ·
19 May

Very happy to announce that I am now a member of the GRA, one of the world’s most important associations for #retail industry leaders.
يسعدني جدًا أن أعلن أنني أصبحت عضوًا في GRA ، وهي واحدة من أهم الجمعيات في العالم لقادة صناعة البيع بالتجزئة: https://twitter.com/Gra_World/status/1526975525411033089

gra_world GRA_World @gra_world ·
20 May

🚀Los invitamos al próximo #webinar #GRA donde un panel de líderes de #Latinoamerica van a compartir tendencias, experiencia y el futuro de #Marketplaces✍🏻: https://bit.ly/3yNggfI

Load More...

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy