On Monday, Sens. Elizabeth Warren, D-Mass., and Bob Casey, D-Pa., sent a letter to Kroger CEO Rodney McMullen that questioned the grocer's rollout of electronic shelf labels, arguing the technology could make it easier to increase the price of high-demand items. The letter also noted t...
ByMax Zahn August 16, 2024, 9:08 PM1:54 VP Harris to unveil first-ever ban on price gouging The Harris-Walz campaign’s proposal comes amid a 1.1% price increase in groceries compared to a year ago.A highly-anticipated economic agenda to be unveiled by Vice President Kamala Harris o...
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...
In 2018, total digital grocery sales in the US reached 23.9 billion, and it’s expected to grow to $59.5 billion by 2023, according to US online grocery shopping statistics. This is a 149% increase in digital grocery sales in the US, which is impressive growth for only a five-year peri...
Grocery Price Increase A heated hearing at the Augusta Municipal Building … Augusta preparing for final pass for debris pickup
and a 2.0 percent volume decline. 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...
In a situation characterized by increasing price sensitivity, margin pressure, and substantial investment needs, the value of scale will further increase. In 2023, we foresee an accelerating race for economies of scale. Larger players may pursue more intense M&A strategies or seek to form ...
And grocery prices may remain relatively flat in 2025, with the USDA projecting that food-at-home costs will increase only 1.6% next year. More broadly, online prices across all product categories dropped 2.9% in October from a year earlier, Adobe said. The...
June 10, 2024 Performance Scorecard April 2024: State of Digital Grocery Performance Scorecard Prepared food sales have risen, with 63% of grocers noting an increase over the past six months, and 69% of them view their prepared food options as a competitive differentiator. The primary drivers ...
And grocery prices may remain relatively flat in 2025, with the USDA projecting that food-at-home costs will increase only 1.6% next year. More broadly, online prices across all product categories dropped 2.9% in October from a year earlier, Adobe said. Th...