am pleased to share with you a full summary of the Canadian grocery sector 2023, and Qtr 4 results for the period ending December 30/2023.
Key highlights:
1. Canadian grocery sales in 2023 topped $134B fueled by inflation.
2. Discount banners outgrow conventional in all departments.
3. All departments within the FMCG sector are dependent upon promotions to drive sales.
4. Private label continue to outpace the growth of national brands.