Rising grocery prices force customers to buy less, change brands and switch stores
3 years, 3 months ago

Rising grocery prices force customers to buy less, change brands and switch stores

CNN  

New York CNN Business — Morgan Moore’s grocery bills are sky-high. “We have seen some resistance” from customers to prices on premium cuts of meat, Sprouts Farmers Market CEO Jack Sinclair said on an analyst call last month. Leaders at discount grocers such as Walmart, Dollar General, Dollar Tree, Grocery Outlet, Costco and BJ’s Wholesale Club have said in recent weeks that customers are noticing the higher prices and changing their shopping behavior. Customers “are feeling the inflation,” said Dollar Tree CEO Michael Witynski on an analyst call last month. Cost increases and supply constraints “will impact how consumers shop and select,” Kristen Hanson, the vice president of Tops’ center store merchandise, private-label brands and pharmacy, said in an email.

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History of this topic

Why these companies are lowering prices despite rising inflation and looming tariffs
2 weeks ago

Why these companies are lowering prices despite rising inflation and looming tariffs

CNN  

New York CNN — Inflation is heating up, a trade war is brewing and American consumers aren’t feeling great about the economy. Scott Eisen/Getty Images “All businesses are trying to figure out how to break that loyalty code today, especially among the younger consumers that are the least loyal,” said Mintel’s Smith. “Brands really need to make sure that the …

Walmart warns of a slower 2025. That’s a bad sign for America’s economy
3 weeks, 4 days ago

Walmart warns of a slower 2025. That’s a bad sign for America’s economy

CNN  

New York CNN — During America’s inflation crisis, shoppers have flooded to Walmart for groceries and clothing, looking for good deals on all manner of essentials. But Walmart said Thursday 2025 will be trickier as consumers grow increasingly frustrated with inflation and concerned about President Donald Trump’s tariffs. To be sure, Walmart’s business remains relatively strong and consumers are “resilient,” …

Price warning as 17-month run of falling shop inflation ends
3 months, 2 weeks ago

Price warning as 17-month run of falling shop inflation ends

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A 17-month-long run of falling shop inflation has ended, with …

As Americans bargain shop, six-figure earners flock to Walmart
3 months, 3 weeks ago

As Americans bargain shop, six-figure earners flock to Walmart

CNN  

New York CNN — Walmart’s business is surging. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior, the company said Tuesday, and its profit grew 8.2% last quarter. Walmart said it gained market share last quarter, driven “primarily from upper-income households.” Households making more than $100,000 a year accounted …

Grocery inflation rises as supermarket trips hit four-year high
4 months ago

Grocery inflation rises as supermarket trips hit four-year high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Supermarket prices were 2.3% higher than a year ago last month, up slightly on …

As politicians point fingers on price gouging, Kroger pledges to slash grocery prices by $1 billion
6 months, 3 weeks ago

As politicians point fingers on price gouging, Kroger pledges to slash grocery prices by $1 billion

Salon  

Since first announcing plans to merge in Oct. 2022, leadership from Kroger and Albertsons, two of the largest supermarket chains in the country, have maintained the deal is necessary in order to compete with the increasingly monopolistic companies, like Amazon and Walmart, that have pushed their way into the grocery business in recent years. “Kroger’s acquisition of Albertsons would lead …

Grocery price inflation rises for first time since March 2023
7 months ago

Grocery price inflation rises for first time since March 2023

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Grocery price inflation has risen …

America's biggest grocery chain investigated over Uber-style surge pricing
7 months ago

America's biggest grocery chain investigated over Uber-style surge pricing

Daily Mail  

Kroger, America's biggest supermarket chain, is being investigated over its use of electronic price labels on store shelves nationwide. In a letter to Kroger's CEO Rodney McMullen, the senators expressed worries that the technology could be used to gouge customers and hike grocery prices during peak shopping times. Kroger is being investigated over its use of electronic price labels on …

Hey Janet Yellen, here is why Americans ARE feeling the effects of inflation in the grocery store even if you aren't
8 months, 2 weeks ago

Hey Janet Yellen, here is why Americans ARE feeling the effects of inflation in the grocery store even if you aren't

Daily Mail  

Janet Yellen has been branded 'tone deaf' for a response she gave when asked about inflation in the US. 'Sticker shock' does tally with the experience of most Americans who have been battling with food prices having risen by 20 percent in the last five years, according to Labor Department data. Analysis of data from the US Bureau of Labor …

Walmart and Target are slashing prices. What does that mean for inflation?
9 months, 3 weeks ago

Walmart and Target are slashing prices. What does that mean for inflation?

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Walmart saw first-quarter sales at stores open at least a year climb 3.8% from the prior year, in part thanks to its ability to keep prices low even as inflation remains sticky. The company on Wednesday reported its fourth consecutive quarter of sales declines at stores …

Why Target, Aldi and Walmart are lowering prices for grocery staples
9 months, 3 weeks ago

Why Target, Aldi and Walmart are lowering prices for grocery staples

Daily Mail  

Think Target - which this morning reported another drop in its sales - and other supermarkets are lowering grocery prices just to help you? Target said Monday it is lowering prices on 5,000 everyday products from milk to diapers as the big-box retailer looks to win customers from Walmart. 'We know consumers are feeling pressured to make the most of …

Walmart’s strong first quarter driven by consumers seeking bargains with inflation still an issue
10 months ago

Walmart’s strong first quarter driven by consumers seeking bargains with inflation still an issue

Associated Press  

NEW YORK — Walmart Inc. reported another quarter of strong results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high. Meanwhile, Home Depot, the nation’s largest home improvement retailer, said this week that sales declined for the third consecutive quarter to start 2024 as homeowners and prospective buyers wrestled with higher mortgage rates and …

Walmart’s business surges as shoppers hunt for low prices
10 months ago

Walmart’s business surges as shoppers hunt for low prices

CNN  

New York CNN — Businesses from McDonald’s to Home Depot are struggling to attract financially strapped shoppers. Walmart said Thursday that sales at stores open at least a year increased 3.8% during its latest quarter from the same time last year. While low and middle-income shoppers have traditionally formed the core of Walmart’s customer base, Walmart also has grown with …

Tesco says shoppers buying more after inflation ‘lessened substantially’
11 months ago

Tesco says shoppers buying more after inflation ‘lessened substantially’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesco said inflation in the …

Dollar Tree raises the cost of its priciest items to $7 to cash in on influx of wealthier customers willing to spend more
11 months, 2 weeks ago

Dollar Tree raises the cost of its priciest items to $7 to cash in on influx of wealthier customers willing to spend more

Daily Mail  

Its CEO said the company is aiming to sell products for $10 in the coming years Last year it saw more shoppers with household incomes higher than $120,000 Dollar Tree will start selling items for as such as $7 in stores across the US Dollar Tree has said it will raise the highest price it charges for items to $7 …

Supermarket price gouging: Rise in farmers selling directly to customers
1 year ago

Supermarket price gouging: Rise in farmers selling directly to customers

Daily Mail  

A growing number of Aussie farmers want shoppers to buy directly from them as supermarkets come under increased scrutiny due to rising prices. Pictured is Bianca Tarrant and Dave McGiveron, founders of farm-direct service Our Cow A growing number of Australians are opting to use farm-direct delivery services than buy their weekly shop at major supermarkets like Coles and Woolworths …

Consumers are increasingly pushing back against price increases — and winning
1 year ago

Consumers are increasingly pushing back against price increases — and winning

Associated Press  

WASHINGTON — Inflation has changed the way many Americans shop. “That was the fear — that everybody would tolerate higher prices,” said Gregory Daco, chief economist at EY, a consulting firm, who notes that it hasn’t happened. “I don’t think we’ve moved into a high inflation regime.” Instead, this time many consumers have reacted like Stuart Dryden, a commercial underwriter …

Consumers are increasingly pushing back against price increases — and winning
1 year ago

Consumers are increasingly pushing back against price increases — and winning

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That was the fear — that everybody would tolerate …

How inflation has hit your shopping basket
1 year, 1 month ago

How inflation has hit your shopping basket

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A slowing of inflation among many everyday food and drink items, including cheese and …

Grocery price inflation slowdown stumbles as supermarkets offer fewer deals
1 year, 1 month ago

Grocery price inflation slowdown stumbles as supermarkets offer fewer deals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Grocery prices were 6.8% more expensive than a year …

Grocery inflation sees fastest monthly drop as households spend all-time high
1 year, 2 months ago

Grocery inflation sees fastest monthly drop as households spend all-time high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Supermarket inflation has seen its …

Man shows the increase in grocery prices since 2019
1 year, 4 months ago

Man shows the increase in grocery prices since 2019

The Independent  

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Food price inflation falls to its lowest level in more than a year from 12.7% to 12.2% - but 95% of shoppers remain worried about rising supermarket bills, figures show
1 year, 6 months ago

Food price inflation falls to its lowest level in more than a year from 12.7% to 12.2% - but 95% of shoppers remain worried about rising supermarket bills, figures show

Daily Mail  

Grocery price inflation has fallen to its lowest level in more than a year - but nearly all consumers remain worried about rising supermarket bills, it was revealed today. Prices across grocers were 12.2 per cent higher than a year ago for the four weeks to September 3, down from the previous month's 12.7 per cent, analysts Kantar said. One …

Grocery price inflation falls to lowest level in a year
1 year, 6 months ago

Grocery price inflation falls to lowest level in a year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Grocery price inflation has dropped …

Europe’s lower food inflation isn’t good news for marketers
1 year, 7 months ago

Europe’s lower food inflation isn’t good news for marketers

Live Mint  

Huge hikes in food prices and other daily essentials in European markets are coming to an end. Unilever, the owner of brands like Dove and Marmite, said it faced €400 million of materials inflation in the second half of its current fiscal year, down from €1.6 billion in the first half. It’s true that when prices stabilized and in some …

Grocery price inflation show biggest drop since March peak
1 year, 7 months ago

Grocery price inflation show biggest drop since March peak

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Sainsbury’s set to reveal sales rise as it sheds light on food inflation
1 year, 8 months ago

Sainsbury’s set to reveal sales rise as it sheds light on food inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sainsbury’s is to shed light …

Supermarkets say they are doing everything they can amid ‘profiteering’ quiz
1 year, 8 months ago

Supermarkets say they are doing everything they can amid ‘profiteering’ quiz

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. But Mr Jones pressed: “How can it be possible that you are making hundreds …

Food prices soar to record high with coffee and ready meal costs hit
1 year, 10 months ago

Food prices soar to record high with coffee and ready meal costs hit

The Independent  

Food prices have soared to a new record high as consumers continue to feel the pinch in the cost of living crisis, with ready meals and coffee becoming considerably more expensive. But food prices increased to 15.7 per cent, the highest on record, during the same period to continue pressure on household budgets, according to the latest BRC-NielsenIQ shop price …

Food inflation hits a record high – and retailers say price rises ‘have yet to peak’
1 year, 11 months ago

Food inflation hits a record high – and retailers say price rises ‘have yet to peak’

The Independent  

Shop price inflation reached a record high this month, figures show – and there’s more misery for households in store as experts warn soaring food costs have yet to peak. The increasing cost of sugar coupled with high manufacturing costs contributed to price rises for chocolate, sweets and fizzy drinks, while fruit and vegetable prices also rose as poor harvests …

Shoppers turn to multiple supermarkets as grocery inflation reaches record high
1 year, 11 months ago

Shoppers turn to multiple supermarkets as grocery inflation reaches record high

The Independent  

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Shoppers turn to multiple supermarkets as grocery inflation reaches record high
1 year, 11 months ago

Shoppers turn to multiple supermarkets as grocery inflation reaches record high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Grocery price inflation has hit …

Cost of some everyday groceries ‘has more than doubled over the last year’
1 year, 11 months ago

Cost of some everyday groceries ‘has more than doubled over the last year’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Retailers must also provide transparent pricing so people can easily work out which products …

Egg crisis hits as grocery price inflation soars to record 17.1%
2 years ago

Egg crisis hits as grocery price inflation soars to record 17.1%

The Independent  

Grocery prices have sky-rocketed by a record 17.1 per cent compared to a year ago, according to new research which underlines that the cost of living crisis is far from over. Analysts at the firm looked at grocery inflation, or rising prices, in the four weeks to 19 February and found a 17.1 per cent rise when compared with the …

Grocery in UK costlier than ever as 'cost of living' crisis deepens
2 years ago

Grocery in UK costlier than ever as 'cost of living' crisis deepens

Firstpost  

London: The grocery inflation rate in the United Kingdom reached a new record high of 17.1%, said reports based on industry data. According to Kantar Worldpanel, the cost of a family’s typical buying basket could increase by £811 per year as a result of the increase over the past 12 months. According to Kantar, the allure of less expensive own-label …

Grocery price inflation reaches record 17.1%
2 years ago

Grocery price inflation reaches record 17.1%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Grocery price inflation has reached …

Annual food shop bills soar by £788 as grocery price inflation hits record 16.7%
2 years, 1 month ago

Annual food shop bills soar by £788 as grocery price inflation hits record 16.7%

The Independent  

Grocery price inflation has hit a record 16.7% to add a potential £788 to annual shopping bills, figures have shown. The “staggering” 2.3 percentage point jump in the four weeks to January 22 has exceeded the previous high recorded by analysts Kantar in October and is the highest figure since their records began in 2008. Despite price rises, consumers appear …

Tesco squeezes store managers as food price inflation soars
2 years, 1 month ago

Tesco squeezes store managers as food price inflation soars

The Independent  

There’s trouble at the Tesco mill. Britain’s biggest supermarket has just announced “store changes helping us to remain competitive”. Still, to those of us who’ve been reading press releases for a while, the words “changes” and “competitive” spell “trouble” and “bad news for workers”. Kantar’s measure of food price inflation hit a record 16.7 per cent on Tuesday, adding an …

Stores face questions as price of basic groceries soars by 30%
2 years, 1 month ago

Stores face questions as price of basic groceries soars by 30%

Daily Mail  

Basic groceries, such as milk, butter and cheese, are seeing price rises of up to 30 per cent – sparking suspicions of supermarket profiteering. It found food and drink inflation was at 15 per cent overall across the UK’s eight biggest supermarkets in the year to December. But the consumer watchdog said shoppers believe stores should do more to help …

Food price inflation hits record high of 13.3% during ‘challenging Christmas’
2 years, 2 months ago

Food price inflation hits record high of 13.3% during ‘challenging Christmas’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price of food for shoppers rose by 13.3 per cent in December – …

Budget and own-brand ranges worst hit by raging supermarket inflation – Which?
2 years, 3 months ago

Budget and own-brand ranges worst hit by raging supermarket inflation – Which?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. tracked annual inflation on tens of thousands of food and drink products across seven …

Food price inflation still climbing as our myopic government drives the economy off a cliff
2 years, 5 months ago

Food price inflation still climbing as our myopic government drives the economy off a cliff

The Independent  

Financial data that raise an expletive? Researcher Kantar’s latest figure for food price inflation – however – does the job for me. Sales of Tesco’s “Perfectly Imperfect” produce or Morrisons’ “Naturally Wonky” veg were collectively up by 38 per cent, according to Kantar. Even if working-age benefits are increased in line with inflation – which the government is resisting – …

Inventory pileup, uneasy shoppers put retailers in jeopardy
2 years, 6 months ago

Inventory pileup, uneasy shoppers put retailers in jeopardy

Live Mint  

From Walmart Inc. to Nordstrom Inc., retailers have a glut of inventory and are discounting items to clear out space for holiday goods. Deloitte LLP is likely to predict a slight sales increase for the holidays, largely reflecting higher prices, said Rod Sides, global head of the consulting firm’s insights practice. “My job is stable and my pay hasn’t changed, …

Inflation is driving Americans to bargain chain stores
2 years, 6 months ago

Inflation is driving Americans to bargain chain stores

Associated Press  

NEW YORK — Dollar Tree and Dollar General reported higher second-quarter sales Thursday resulting from four-decade high inflation driving more customers to bargain chain stores for everything from lightbulbs to groceries. Inventory levels are higher across retail, and consumer shopping patterns continue to zig and zag.” Dollar Tree Inc. reported a second-quarter profit of $359.9 million or $1.60 per share …

Walmart cuts profit outlook as shoppers adapt to inflation
2 years, 7 months ago

Walmart cuts profit outlook as shoppers adapt to inflation

Associated Press  

NEW YORK — Walmart Inc. on Monday lowered its profit outlook for the second quarter and the full year, saying rising prices on food and gas are forcing shoppers to cut back on discretionary items, particularly clothing, that carry higher profit margins. Walmart’s move to lower its profit outlook in the middle of the quarter is rare and raised worries …

Shoppers face £380 jump in grocery bills this year as inflation surges
2 years, 8 months ago

Shoppers face £380 jump in grocery bills this year as inflation surges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Retail data company Kantar said …

Hundreds of staple grocery items cost 20 per cent more than they did in 2020, study finds
2 years, 9 months ago

Hundreds of staple grocery items cost 20 per cent more than they did in 2020, study finds

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The cost of more than 200 grocery items has risen …

Walmart Q1 profit dragged down as inflation takes a bite
2 years, 9 months ago

Walmart Q1 profit dragged down as inflation takes a bite

Associated Press  

NEW YORK — Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. Walmart executives told analysts on a conference call Tuesday that while some shoppers bought high-ticket items like game consoles and …

Eustice: Choose ‘value brands’ to help manage household finances
2 years, 10 months ago

Eustice: Choose ‘value brands’ to help manage household finances

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Opposition politicians condemned Mr Eustice’s remarks as “patronising”, while …

Consumers could choose value brands to cope with rising food prices – minister
2 years, 10 months ago

Consumers could choose value brands to cope with rising food prices – minister

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Consumers could help themselves cope …

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