Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Grocery Sales Growth Slows

foodprocessing 2020-08-27
Share       

Retail food sales are still ahead of last year, but the growth rate is slowing, possibly due to consumers running out of stimulus money.

Major grocers like Walmart and Stop & Shop told the Wall Street Journal that their customers are spending less and becoming more price-conscious. Sales of grocery basics are showing a flattened growth curve. Frozen dinners were up 9% for the three weeks ending Aug. 9, as opposed to 17% for the previous two weeks; for breakfast cereal, the respective numbers were 2% and 6%.

The situation has led some grocers to bring back discounts, which they had put on hold during the surge in demand in the early stages of the pandemic. Kellogg and Kraft Heinz told the Journal they’re planning to initiate discounts also.

The situation comes as consumers are dealing with the end of unemployment check enhancement. The federal supplement of $600 a week expired last month, and Congress has been unable to agree on a replacement. An executive order from President Trump to add $400 a week has been implemented in only three states, due to states being required to furnish one-quarter of that amount.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Yamato CSJ Checkweigher

Yamato CSJ Checkweigher

ELQ Series Slide Cylinder

ELQ Series Slide Cylinder

Chrysanthemum Leaf Extract

Chrysanthemum Leaf Extract

Guarana dry extract

Guarana dry extract

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121