H1 grocery sales were $458 billion, up 3.8% compared to H1 '23. Digital sales at $61 billion were up 2.4% compared to H1 '23. Prices are high, even as price increases have reduced, and the average digital shopper baskets have dropped. ...
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...
1 Additionally, with inflation falling and consumers resistant to further price increases, grocers may have to rely on unit volume sales growth to boost revenues—a need both familiar and urgent.2 Yet, they may find themselves in a pinch. Volume growth should also be profitable t...
In addition, thanks to initial signs of economic recovery and wage increases in many countries, consumer confidence is returning. Still, our consumer research shows that recovery of consumer behavior is very polarized for 2024. While most consumer segments are still price sensitive and trading down,...
choose between passing on cost increases to consumers or pushing them toward lower-cost options. Still, the threat hasn’t gone away entirely: food prices still rose 4.9 percent year over year through July 2023, fueled by a 7.1 percent increase in food-away-from-home costs during this period...
Despite food inflation having reached a peak of 19.2% in March 2023, a decline in the rate of inflation has been slower to materialize than previously expected. Value for money, price and quality are the most significant drivers for those purchasing food & groceries. ...
Price increases have slowed, but retailers’ efforts to lower costs for shoppers are still going full steam ahead. Could that spark a price war down the road? By: Sam Silverstein• Published Jan. 11, 2023 Hanging above a ham display in a Wegmans store in Maryland, a large sign highlighti...
increasing hiring costs. Supply chain disruptions still common in the industry have forced grocers to shift from acquiring goods just in time to keeping more inventory on hand, which increases inventory costs. The UK's shortage of fresh fruit and vegetables is one ramification of rising energy pr...
As the cost of goods and services increases, consumers change their financial habits to adjust. Erica SandbergJan. 29, 2025 Learn about different debt payment strategies from these four people and consider using one yourself. Erica SandbergJan. 29, 2025 How 4 People Paid Off Debt Fast How...
As the cost of goods and services increases, consumers change their financial habits to adjust. Erica SandbergJan. 29, 2025 Inflation Is Impacting Americans Learn about different debt payment strategies from these four people and consider using one yourself. Erica SandbergJan. 29, 2025 How...