By Lael Brainard and Rohit Chopra Source: The New York Times Ms. Brainard leads the Kitchen Table Project. Mr. Chopra is the incoming secretary of California’s Business and Consumer Services Agency. From a distance, the American economy might appear to be performing well. Growth is solid, unemployment remains near historic [...]
By Catherine Douglas Moran Source: Grocery Dive Among the shoppers who said they are pivoting to lower-priced retailers, over half said they plan to buy the same brands, while the rest said they are also swapping to cheaper brands. Meanwhile, 35% of consumers — down 14 percentage points from the [...]
By Christopher Doering Source: Grocery Dive After years of price increases, shoppers may start to see some signs of relief at the grocery store as food giants look to reignite growth. Cheerios and Nature Valley bar maker General Mills said last month it cut prices on nearly two-thirds of its [...]
By Peter Wilgoren Source: KTLA 5 If you continue to shell out more and more for groceries, one major grocery retailer says: blame the thieves. Stop & Shop, which runs more than 300 markets across the Northeast, has penned a letter to Congress saying retailers like them are operating on [...]
By Sam Silverstein Source: Grocery Dive When retail pricing technology specialist Engage3 brought Wesley Bean on as president and chief operating officer last month, it capped a multiyear quest by the company to convince the self-described “data geek” to bring his deep experience in the grocery space to a position [...]
By Maria Cramer, Christine Hauser and Livia Albeck-Ripka Source: The New York Times Susan Pollack, a property manager who was shopping one afternoon last week at a Costco in Marina del Rey, Calif., said she was startled that the price of a bulk pack of toilet paper had surged from [...]
By Megan Leonhardt Source: Fortune Food prices rose again last month by 0.7%, according to the latest consumer price index, released yesterday. That may not sound like a lot, but it adds up. Over the past year, prices for groceries and other food prepared at home increased 2.6%. Groceries have [...]