Survey: Shoppers think supermarkets clear 33% profit

Source: Supermarket News Even as price inflation hits food retailers and consumers alike, customers have lofty estimates of supermarket profits, new research from The Feedback Group reveals. Grocery shoppers believe their primary store enjoys a net profit of 33%, according to a national study conducted by The Feedback Group with more [...]

2022-06-23T20:16:37+00:00June 23rd, 2022|Tags: , , |

Shoppers are buying less and switching to store brands, Kroger says

By Nathaniel Meyersohn Source: CNN Business Decades-high inflation is changing US consumers’ grocery habits. Kroger, the nation’s largest grocery store chain, said Thursday that budget-constrained shoppers were buying fewer items in stores, favoring Kroger’s cheaper store brands instead of name brands, and switching from beef to pork. “Rising inflation has [...]

2022-06-20T23:11:44+00:00June 20th, 2022|Tags: , |

Prices on almost everything at the grocery store are up – except rotisserie chicken. Here’s why

By Nathaniel Meyersohn Source: CNN Business At the grocery store, shoppers have seen food prices increase at their fastest pace in decades. Yet the price of one hot, juicy, spit-roasted favorite hasn't budged at several top chains: rotisserie chickens. Despite a 16.4% annual increase in chicken prices rotisserie chickens remain [...]

2022-05-31T15:36:55+00:00May 31st, 2022|Tags: , , |

Price Increases Threaten Grocery Shopper Loyalty, Data Shows

Source: As inflation drives food prices up, grocers that shift the cost too quickly to consumers risk losing their most loosely held customers to competitors, reveal data from PYMNTS’ study “Decoding Customer Affinity: The Customer Loyalty to Merchants Survey 2022.” The report, created in collaboration with Toshiba Global Commerce [...]

2022-01-28T22:03:15+00:00January 28th, 2022|Tags: , |

Albertsons’ CEO says consumer engagement remains ‘strong’ amid inflation, but uncertainty looms

By Jeff Wells Source: Grocery Dive Albertsons CEO Vivek Sankaran said during the company’s third-quarter earnings call on Tuesday that the grocer is seeing “strong” consumer engagement and “stable” consumption patterns in recent weeks amid record-high inflation. But he said those trends could change as inflation continues to rise. On [...]

2022-01-13T17:33:31+00:00January 13th, 2022|Tags: , , |
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