New Supervalu survey reveals that food brings families together
MINNEAPOLIS — Food is the most important aspect of the holiday season and unites families, according to a new survey conducted by Harris Interactive for retail giant Supervalu.
According to the Supervalu holiday survey, 70% of Americans indicated that food brings their families the most joy during the holidays, followed by baking and decorating (both at 49%); gifts (48%); shopping (32%); and holiday movies (28%). Among those surveyed, 59% of holiday meal hosts did everything themselves when it came to preparing the main holiday meal, and only 34% said they asked guests to bring a dish to share.
Supervalu said its survey underscored how food is an integral part of holiday traditions among families, and that its stores would focus on providing customers “with simple, affordable meal solutions, tasty tips and useful ideas throughout the season,” by offering ideas both in-store and online at the company’s local stores’ websites. Additionally, news about holiday promotions, events, special offers and coupons can be found on store websites and Facebook pages, and can be accessed by mobile phone.
Dollar Tree completes purchase of Dollar Giant assets
CHESAPEAKE, Va. Dollar Tree on Wednesday announced that it has completed its purchase of the assets of 86 Dollar Giant stores for approximately $52 million in cash, plus the assumption of certain liabilities.
This marks Dollar Tree’s first expansion of retail operations outside of the United States.
Based in Vancouver, British Columbia, Dollar Giant stores offer a wide assortment of general merchandise, contemporary seasonal goods and everyday consumables, all priced at Canadian $1.25 or less. The stores average 9,000 gross sq. ft. and operate in British Columbia, Ontario, Alberta and Saskatchewan.
"We now have an outstanding platform for significant expansion in Canada, with an experienced team of management and associates,” stated Bob Sasser, Dollar Tree president and CEO.
Dollar Tree operates 4,009 discount variety stores across 48 states. The company is one of the few operations in the dollar channel that literally sells everything for $1 or less.
Deloitte consumer spending index drops in October
NEW YORK — Soft housing prices drove down the Deloitte consumer spending index for the month of October, Deloitte said Wednesday.
The index, which is comprised of four components — tax burden, initial unemployment claims, real wages and real home prices — fell to 4.63%, from an upwardly revised gain of 4.84% a month ago.
But Deloitte said that the drop is no reason to give up hope on the holiday season.
"Despite the index’s recent weakness, there are signs that consumers are starting to shake off their long-term austerity in time for the holiday season," said Alison Paul, vice chairman and retail sector leader at Deloitte. "Recognizing there is still fierce competition for consumers’ wallets this season, retailers should be ready to capture the consumer’s interest with renewed focus on their exclusive items, personalized service and targeted promotions."