Discount supermarkets are taking over the US

America’s largest supermarkets are slashing prices amid ongoing food-price deflation and growing pressure from the rapid expansion of discount-grocery chains like Aldi. The price cuts are squeezing profits and dragging down company shares. Kroger, Whole Foods, Sprouts Farmers Market, and Dollar General have seen their stock prices drop a collective [...]

2016-09-26T16:42:56+00:00September 26th, 2016|Tags: , , , |

Grocery Chains Reeling From Low Food Prices, Stiff Competition

Grocery retailer and distributor SuperValu (SVU) on Thursday became the latest industry player to warn about stiffer competition and lower food prices, slashing its full-year outlook amid what some analysts call signs of another grocery-store price war. The announcement comes a day after natural foods store Sprouts Farmers Market(SFM) cut its full-year outlook [...]

2016-09-09T16:55:03+00:00September 9th, 2016|Tags: , , , |
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