thanks to lower costs for items such as used cars and airline fees. Seniors and low-income households are among the most hurt by stubbornly high prices in the grocery aisle. Although Social Security recipients received an8.7% cost-of-living increasefor 2023, the biggest jump since...
Grocery Price Increase News People talk about the impact high grocery prices have on them.Grocery Price Increase News / May 31, 2023 / 06:11 PM EDT People talk about the impact high grocery prices have on them. Shepeard Community Blood Center is in need of donations News / Feb 19, 2025...
Digital grocery sales grew by 3.07% in Q3 2024, driven by increased digital promotions and third-party platform expansion. Instacart led the way with a 2.3% market share increase. While digital basket sizes saw a slight uptick, in-store sales remained steady at 87% of total sales, reflecting...
The latest Consumer Price Index (CPI) data showed that inflationary price increases are not resetting as fast or as uniformly as consumers want,Harigsaid. The 10.2% increase infood-at-home prices’ annual ratein February wasdown from the 11.3%recorded in January and11.8% in December 2022, per...
The UK grocery retail market size is forecast to increase by USD 56.2 billion, at a CAGR of 3.8% between 2024 and 2029. The market is experiencing significant growth due to key factors such as rapid urbanization and increasing consumer spending. These trends are driving the industry to innovate...
This implies that grocery sales in real terms (that is, adjusted for inflation) declined again in 2023 and are now 4.5 percent below 2019 levels. This decrease from 2019 is driven by a small volume increase of 0.3 percent and a decline of the price per item in real terms by 4.8 percent...
Higher share of wallet:Efficiency-focused players are expected to continue to optimize their assortment and delivery options to increase the amount of weekly grocery purchases on their platform. This will help lead to higher basket values and more revenue on their platforms vis-à-vis traditional gr...
compelling private-brand offerings comparable to those of other national brands. About 80 percent of food retailers and manufacturers plan to moderately or significantly increase their investments in private brands over the next two years, with a focus on value and price as a top area for ...
State AGs Say Kroger-Albertsons Merger Will Increase Grocery Market Competition Troutman Pepper Lockeon8/22/2024 As litigation to block the proposed Kroger-Albertsons merger wages on at the state and federal level, four state attorneys general (AG) have jumped into the fray in support of the mer...
7. Increase in online shopping platforms While consumers still shop for most of their groceries in stores—brick-and-mortar stores account for 83% of US grocery sales—online grocery shopping is gaining serious momentum, outgrowing in-store sales nearly threefold in 2024 compared to 2023, according...