Consumers to Spend $6.7 Billion on Food for 4th of July Celebration

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WINSTON-SALEM, N.C. - eTradeWire -- As consumers prepare their homes and gardens to host Fourth of July festivities, the day before they are swarming the grocery stores to stock up on food and drinks for parties and cookouts and according to Yext Inc. statistics, on July 3th supermarkets experience a dramatic increase in the number of shoppers, which is 24 percent above average.

The celebration of 243 years of independence will be marked with typical festivities ranging from fireworks, parades and concerts to more casual family gatherings and barbecues across the country.

Food and drinks are an essential part of the Fourth of July celebration and for this occasion, Americans are spending $6.78 billions on food items, according to the annual Independence Day survey from the National Retail Federation (NRF).

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This year, cookouts, barbecues and picnics continue to be the most popular activity (61%), followed by fireworks and community celebrations (40%), and the NRF survey found the expected spending for food will be $73.3 per person.

Low food prices are favoring consumers for their cookouts this year and according to an American Farm Bureau Federation (AFBF) report, the… To read the complete story, click on this link:

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Source: Abasto Magazine
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