In their letter sent on Monday, Warren and Casey said Kroger already has high profits and questioned why it needs electronic shelf labels, which allow "dynamic pricing," a practice associated with airlines and Uber's surge price increases based on high demand. "It is outrageous that, as famil...
"And those price increases are going to be a lot harder for folks lower down on the income scale." Third Way has been supportive of President Joe Biden's economic policies and endorsed Vice President Kamala Harris in the election. Trump spokesperson Karoline Leavitt, who is set to be his ...
August 9, 2024 Performance Scorecard State of Digital Grocery Performance Scorecard: H1 2024 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 av...
August 9, 2024 Performance Scorecard State of Digital Grocery Performance Scorecard: H1 2024 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 av...
The remaining part is caused by faster-than-average price increases for private-label goods (0.8 percentage points) and above-average growth of the discount channel, which has a higher private-label share (0.3 percentage points).3 Discounters gained 1.4 percent in market share in Europe...
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 ...
Efforts by grocers to generate revenue in the face of declining prices will also make it difficult for grocers to maintain comparable store sales, especially as they start to lap price increases made last year during the later months of 2023, he added. ...
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, some segments...
“They’re being a little disingenuous if they don’t think they have a part in what’s going on,” said Rep. Dave Rutigliano, R-Trumbull. Policies like the highway use tax and annual increases in the statewide minimum wage add up for businesses on top of Connecticut’s relatively high...
Grocers in Canada have received a warning from suppliers that will not sit well with shoppers: expect price increases this summer and fall. TheWaterloo Region Recordhas received 19 different notices from store owners about the price hikes as well as a plan to shrink product sizes while increasin...