Supermarkets Are Losing The Grocery Price War
March 20, 2017 | 1 min to read
Low food prices and razor-sharp competition are creating bargains for shoppers — but killing profits for grocery chains.
"It’s created a price war among everybody. This is great news for consumers, but bad news for businesses who sell food," said Phil Lempert, a supermarket analyst who is the founder of supermarketguru.com, a Web site tracking industry news and trends.
At the same time, supermarkets are destroying their profit margins as they fight for new shoppers — and fight off deep discounters like Walmart and online sellers.
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