North America

Sheer hosiery experiences a solid increase in 2023, rebounding from a slight dip in 2022. The growth gains momentum as employees transition back to the workplace under hybrid or back-to-the-workplace models. Unlike 2022, where remote work policies…

Jeans witness robust value gains in 2023, building on significant growth in the previous year. However, volume sales experience a subdued performance as consumers prioritise essentials and value due to high inflation rates, particularly impacting…

Menswear witnesses moderate value growth in 2023, following exceptional gains recorded in the previous year. The first half of 2023 saw robust sales as both consumers and the economy continued to rebound from the pandemic's impact. Canada's later…

Sportswear registers healthy growth in 2023, building on significant gains from the previous year. Growth moderates as consumer demand transitions back to standard drivers after the pandemic years, where athleisure and sportswear were favoured for…

Womenswear continues to experience both value and volume growth in 2023, building on significant gains from the previous year. The first half of 2023 witnessed robust sales as both consumers and the economy recovered from the pandemic's impact.…

Retail volume sales of baked goods are contracting in growth as prices continue to soar to record levels. Rising prices are compelling consumers to down trade or turn to discount retailers for their grocery needs, including baked goods. Stores like…

2022 was characterised by constant unit price increases across packaged food, and baked goods was no exception; and this trend has continued in 2023. This is set to lead to dynamic increases in current value terms across baked goods categories in the…

Breakfast cereals continues to witness a contraction in its growth. A negative perception surrounding breakfast cereals, largely due to concerns about their sugar content, is leading consumers to seek out healthier breakfast alternatives. This shift…

In 2022, hot cereals, and to a lesser extent muesli and granola, displayed the most resilience against the continued declines in retail volumes across breakfast cereals. Combining active on-the-go lifestyles with the aim of healthier eating,…

Processed fruits and vegetables are experiencing an increase in value growth, primarily driven by rising prices. The years 2022 and 2023 witnessed some of the sharpest price hikes for fruits and vegetables. This inflationary trend has also impacted…

With producers seeing little relief in production costs, categories across processed fruit and vegetables saw unit price increases leap by double digits in 2022. Little relief is expected in 2023, with unit price growth expected to remain in the…

Following several years of price hikes due to supply chain issues, inflationary pressures, and lockdowns, much like other categories in staple foods, processed meat, seafood and alternatives to meat has continued to experience unit price increases…

The relentless surge in food prices, driven by hyperinflation in 2022 and 2023, is reshaping the shopping habits of many Canadians. A considerable number of consumers are tightening their belts across various product categories, including meat. The…

Despite reaching record high price levels, the rice, pasta, and noodles category has experienced a modest dip in value sales. Consumers are becoming increasingly mindful of their dietary choices and are reducing their carbohydrate intake, opting for…

Despite rising prices, rice saw retail volume growth above that of pasta and noodles in 2022, and this is set to continue in 2023, although all categories are set to see rising sales. As food inflation and fears of recession have continued, consumers…

In 2023, Canada faces the challenge of record-high food inflation, with the nation experiencing the highest food inflation rates in years, as evidenced by soaring food prices despite a general decline in overall inflation. This price surge…

Similar to 2022, 2023 is set to be a challenging year for staple foods. While most of the supply chain issues from the pandemic have subsided, commodities still present an issue, some to more elevated levels, due to the persistence of the war in…

Growth continues to slow for charge cards in Canada in 2023, with the category’s relevance fading rapidly. One reason is lack of availability, with American Express morphing many of its charge cards into the realm of traditional credit cards. For the…

In 2023 the Bank of Canada has tweaked its prime interest rate several times. The impact on the housing market has been a rise in household mortgage debt. Consumers with variable rate mortgages or on the cusp of renewals have been struck especially…

2022 and 2023 saw some of the most rapid increases in lending interest rates in US history. During the pandemic, many interest rates approached record lows, leading consumers to refinance debt, and leading to a generally free lending environment. In…