Grocery Eye Report Reveals Changing Consumer Habits
- Only 16% of shoppers stick to weekly grocery shop routine
- Grocery Eye report reveals frustration with time spent on shopping
- Gen Z most affected by time concerns
- Promotions and loyalty schemes important for shoppers
- Food shopping experience is happier in 2023 compared to 2022
A recent Savanta’s Grocery Eye report has found that only 16% of shoppers stick to a weekly grocery shopping routine, down from 26% in 2020. The report also revealed that 22% of people are frustrated with the time spent on food shopping, with Gen Z being the most affected by this issue. Shoppers now prioritize promotions and loyalty schemes when choosing where to shop. Despite these challenges, the food shopping experience has become happier in 2023 compared to 2022.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information based on the Savanta’s Grocery Eye report, discussing changes in shopping habits due to time constraints and cost concerns. It presents relevant data and quotes from an executive vice-president of consumer at Savanta, offering a balanced perspective on the situation.
Noise Level: 4
Noise Justification: The article provides relevant information about changes in grocery shopping habits and consumer attitudes due to the cost of living crisis, but it could benefit from more analysis or context on how these trends may impact the industry and society as a whole.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the changing shopping habits of consumers due to the Cost of Living Crisis and its impact on grocery retailers, which could affect their revenue and business strategies.
Financial Rating Justification: The article mentions the Cost of Living Crisis affecting consumer behavior and how it influences their shopping habits, which can have an impact on grocery retailers’ financial performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text.
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