On Monday, the Agriculture Department estimated that grocery prices will rise by an average of 5.5% this year, the highest increase at supermarkets since 2008. The forecast was an abrupt 2 percentage point increase from last month and was spurred by three months of rapid rises in the prices o...
The popularity of in-store pickup is rising While curbside pickup surged in 2020 as a result of the COVID-19 pandemic, its growth has since slowed. Some retailers have shifted away from this option, opting for in-store pickup instead. The preference for in-store pickup is expected to c...
only slight increases (20% or less over baseline). People do, however, increasegrocery shopping; the longer the time since the last meal, the more groceries are purchased (Beneke and Davis, 1985; Beneke et al., 1988; Dodd et al., 1977; Mela et al., 1996). In humans and hamsters, ...
“Rosiesaw consistent growth pre-COVID-19, but we began to experience exponential adoption once COVID-19 started influencing shopper behavior. Before, shoppers focused entirely on convenience and price. Now it’s all about health and safety. First-time users are relying on online grocery shopping...
Concerning in-store and online grocery shopping during the pandemic, many studies have reported substantial increases and large potentials in online market shares among different consumer segments (e.g., Bezirgani and Lachapelle, 2021; Guzman et al., 2021; Pawar et al., 2021; Colaço and ...
Grocery shopping is a serious business in America. Grocery stores generated about$884.8 billion in 2023, almost double the numbers from 30 years ago, according to Statista. Even before the recent price increases, the average householdspent more than 10%of its income on food, according to the ...
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 highli...
(notwithstanding 20+% increases in key production costs) as traditional supermarkets wage price wars with buoyant hard discounters such as Aldi and Lidl; and, for cucumbers and other salad crops in the UK, the unwanted additional pressure of import competition from similarly beleaguered horticultural...
Its original price was just 37 cents. 1958: First Pizza Hut opens Al Moldvay // Getty Images 1958: First Pizza Hut opens Wichita, Kansas, welcomed the first Pizza Hut in 1958. The original location has since been turned into a museum at Wichita State University. 1959: Professor invents ...
2 This drop offers executives a respite from having to 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 ...