The October price decline signals that shoppers could get more relief ahead in the grocery aisles, with a Credit Karma survey in May finding that about one-quarter of Americans had skipped a meal due to food costs. …
For all these reasons, the ever difficult restaurant business is having a tough time making a good profit margin, despite being full every night. …
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. …
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. …
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. …
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