All articles tagged with #grocery pricing
Retailers are using AI to price near-expiry perishables more precisely as shoppers shop around for deals, with Flashfood expanding with Kroger to cut waste, drive traffic, and lift margins by converting shrink into incremental revenue.
Inflation data shows a 5.1% year-over-year increase in dining out costs, while grocery prices rose by 1.2%. Rising labor costs, minimum wage hikes, and impending wage increases in several states are expected to impact restaurant chains, leading to potential customer pullback and transaction size reduction. Brands like McDonald's, Wendy's, Domino's, Taco Bell, and Starbucks are already feeling the effects, with some adjusting their strategies to cater to changing consumer sentiments. Meanwhile, consumer staples companies supplying grocery stores, restaurants, and bars may be well positioned, with PepsiCo expecting to gain market share within the restaurant industry. However, moderating inflation is unlikely to result in lower grocery prices, as consumer staples companies are expected to hold higher prices and reinvest profits behind their brands.