Please email us at: McKinsey_Website_Accessibility@mckinsey.comIn 2024, grocery retailers will continue to feel margin pressure. The main driver in 2024 is rising rent and labor costs. According to our CEO survey, cost and margin pressure is a top three priority for 70 percent of CEOs (...
Former President Donald Trump has linked his election success to high grocery prices. In an interview with Time magazine, Trump said he believes he won the presidency due to rising grocery costs. However, he admitted uncertainty about how to reduce those prices effectively. Trump emphasized...
How rising prices are shaping consumers’ grocery shopping habits Article Rising chocolate and egg prices push inflation back into the spotlight Article Why brands struggle with mobile—and how to achieve a more unified strategy Article AppLovin doubles down on AI-powered advertising by selling its ...
"Businesses are still hiring fairly vigorously, the GDP is rising, consumer spending is rising, and inflation has come down. So, many people think we have actually made the soft landing that was hoped for," he said. Still, consumer sentiment about the economy tends to reflect daily prices a...
In January, overall grocery prices rose by 0.5%, following an increase of 0.3% in December, according to data published February 12 by the U.S. Labor Department's Bureau of Labor Statistics (BLS). They advanced by 1.9% from a year earlier, compared to ri
"Vice President Harris knows that rising food prices remain a top concern for American families. Many big grocery chains that have seen production costs level off have nevertheless kept prices high and have seen their highest profits in two decades. While some food companies have passed along ...
Competitive prices continue to play a crucial role, as consumers seek value for their money. The increasing urbanization and growing middle class have led to a rise in demand for grocery retail services. Consumers in urban areas often prefer the convenience of curbside pickup and home delivery ...
Market researcher Kantar said annual grocery price inflation was 2.3% in the four weeks to Nov. 3, having been 2.0% in the previous four-week period. The data showed prices are rising fastest in products such as chilled soft drinks and chocolate confectionery, and falling fastest in it...
Latin America’s grocery retailersare finally on firm ground again. After several volatile years—with grocers battling everything from the COVID-19 pandemic to inflation and rising joblessness—the sector showed signs of stabilizing in the first half of 2024, leading to increases in spendin...
Americanssaythey continue to feel the aftereffects of the highest inflation in four decades, especially at the grocery store, where prices remain 26% higher than before the pandemic. President-elect Donald Trump's proposed tariffs could cause even more financial strain in the nation's food...