Bananas, at £0.99/kg, are essentially a “free good” and have seen less than a 10% increase in retail price over the 15-year period, whereas average retail apples prices rose 47% from £1.45 to 2.13/kg and berries by 48% from £5.71 to £8.47/kg. Do such increases compensat...
Better value Amid a period of economic volatility and inflationary prices, consumers are looking for ways to stretch their dollars. For example, they are actively comparing product prices: in Indonesia and Vietnam, around 60 percent of consu...
of the fact that they are the first generation that is less wealthy than their parents. Finally, millennials are drawn to the seamlessness and convenience ofonline shopping. Grocers therefore find themselves in the difficult position of trying to meet all these expectations without raising prices. ...
Market researcher NIQ said sales at UK supermarkets rose 1.1% in the four weeks to June 15 year-on-year, versus growth of 3.3% in its May report and of 12.1% in the same period last year when Britain enjoyed an early June heatwave. The data is the most up to ...
and was transparent with its customers about the challenges it faced, informing them via email that some prices were likely to rise due to supply chain challenges. Shoppers may not have happily paid higher prices, but they were happy enough to keep Wegmans, along with Trader Joe’s, firmly ...
Trader Joe’s continued to offer senior-only shopping hours, actively enforced social distancing and promised to keep prices in check –“if an increase in price is necessitated due to rising costs, and it means that a product is no longer a value, we will stop carrying it,” the retailer...
I don’t do a lot of deal shopping simply because Aldi’s everyday low prices are so good, but I do take a look at the sale flier for Weis, and if I see a good deal on something I don’t really need that week, I sometimes will add it to my list. Buying items when they’re...
More than 1,900 Aldi stores are located in 36 U.S. states. Nearly all—more than 90%—of the products they sell are Aldi brands, a system that is designed to lower prices with its lower procurement costs. Aldi charges a 25-cent deposit for use of its grocery carts so customers will...