Merry seafood outlook expected for US retailers this holiday season

Seafood

United States

Market & Price Trends

Published Dec 21, 2023

Tridge summary

Consultants and grocers are expecting higher seafood sales over the holidays in U.S. retail stores, with a predicted double-digit increase in sales comps of fresh seafood such as salmon, crab, and shrimp, despite retail inflation. Americans are anticipated to splurge more on luxury seafood items for at-home gatherings during the holiday season, as they continue to travel more to gather with family and friends, leading to food-centric events and a shift towards more casual, smaller gatherings. Smaller, bite-sized food options are becoming more popular for home entertaining, with consumers willing to experiment with new and interesting foods for these gatherings, even in the face of rising prices.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Consultants and grocers are anticipating higher sales of seafood in U.S. retail stores over the holidays, as research points to many Americans wanting to cook at home more during the year-end break.“We expect seafood sales to continue their positive trends throughout November and December,” Fresh Thyme Meat and Seafood Sales, Merchandising, Marketing, and Procurement Lead Jason Resner told SeafoodSource. “It might not be [the increase] of 35 percent or more we saw last year, but we still expect double-digit sales comps in fresh seafood such as salmon, as well as crab and shrimp.”Downers Grove, Illinois, U.S.A.-based grocer Fresh Thyme operates 70 stores across the U.S. Midwest region, and Resner expects the store’s customers to splurge on “indulgent” items this holiday season, including crab, shrimp, and lobster. To that end, after experiencing record snow crab sales this year, Fresh Thyme will continue to promote its snow crab legs, as well as other products such as shrimp, ...

Source: Seafoodsource