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Conference Board Consumer Confidence Index decreased to 107.1 in January from 109.0 in December; consumers’ assessment of current business, labor market conditions increased to 150.9 from 147.4, Expectations Index declined to 77.8 from 83.4

Euromonitor: Younger consumers help grow canned seafood category due to familiarity through YouTube/TikTok videos, more affordable option than fresh, chilled, frozen seafood; category sales likely to keep rising in 2023, as economy continues to constrict

Cowen: Inflation sending alcohol consumers toward cheaper beer at expense of craft brews and imports, which saw weakest growth in years; meanwhile, richer consumers seek more premium-level wine, bourbon and spirits, benefiting companies like Brown-Forman

Commentary: 2022 was a big year for CEO departures in retail, and executive turnover could accelerate in 2023, as consumers are shifting spending behavior, trading down to private or value brands, focusing on essentials, veering away from big-ticket items

US prestige beauty sales up 15% year-over-year to US$27.1B in 2022, led by makeup sales, with lip products as fastest-growing segment; increased socialization, spending from higher income consumers, mental health emphasis will continue to fuel growth: NPD

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