ACI KR WMT U.S. grocery slowdown deepens as shoppers buy fewer items, raising pressure on food companies Grocery unit sales fell 1.8% in Jun
ACI KR WMT U.S. grocery slowdown deepens as shoppers buy fewer items, raising pressure on food companies Grocery unit sales fell 1.8% in June vs. last year as shoppers cut back, outweighing food inflation, new Bain data shows. Groceries cost about 33% more than in 2019, driving consumers to buy less, switch to cheaper brands and Hunt for deals. PepsiCo, Walmart and Kroger are leaning into promotions, price cuts and value as the industry shifts from Dollar growth to volume growth. Link To Story from CNBC.com
ACI KR WMT U.S. grocery slowdown deepens as shoppers buy fewer items, raising pressure on food companies Grocery unit sales fell 1.8% in June vs. last year as shoppers cut back, outweighing food inflation, new Bain data shows.
Groceries cost about 33% more than in 2019, driving consumers to buy less, switch to cheaper brands and Hunt for deals.
PepsiCo, Walmart and Kroger are leaning into promotions, price cuts and value as the industry shifts from Dollar growth to volume growth.
Link To Story from CNBC.com