Why Are Restaurant Prices So High? And Why You Can’t Do Anything About Them
For all these reasons, the ever difficult restaurant business is having a tough time making a good profit margin, despite being full every night. …
Inflation
McDonald’s Sues Top Meat Packers for Allegedly Colluding to Inflate the Price of Beef
The fast food giant is suing the U.S. meat industry’s “Big Four” — Tyson, JBS, Cargill and National Beef Packing Company — and their subsidiaries, alleging a price fixing scheme for beef specifically. …
USDA Report on Meat Industry Competition Confirms National Grocers Association’s Position on Harmful Effects of Retail Consolidation and Price Discrimination
The study goes into detail with examples on how complicated schemes of rebates, fees, and other arrangements in the meat industry are construed to benefit the largest industry players. For example, in the report, a food consultant reported that a midsized packer found that its required trade spend to a national chain grocer of $120 million was double that of other chains. …
Ibotta’s Second Annual State of Spend Report Finds Majority of Consumers Sacrificing Brand Loyalty when Faced with Increased Costs
According to the study, 72% of shoppers say the economy has directly impacted their grocery spending habits, with a majority trading down to lower-priced alternatives in the face of rising grocery costs. In turn, marketers are placing greater emphasis on customer acquisition and long-term brand building to differentiate as private label competition grows. …
Giant Eagle Invests $25 Million to Lower Prices on Produce Items
Its New Low Price initiative will include many of the most popular items in the produce department as Giant Eagle aims to provide affordable access to high-quality fresh food in the face of continued high grocery costs across the neighborhoods it serves. …
