As Inflation Wanes and Competition Heightens, Metro NY, DelVal Retailers Find Landscape Tougher Than Ever
In a year "as difficult...as we’ve faced in a long time," as…
- Let’s take a closer look at what the numbers are telling us in this year’s Food Trade News market study.
- Easing inflation, tightening consumer spending, and cuts to SNAP added up to flat sales across the board.
- Disrupters, led by Aldi, Lidl, and Trader Joe’s, continued to chip away at old-guard supermarkets and drugstores.
- All signs point to malaise and gridlock in the year ahead.
2024 Market Study Analysis: Uncertain Economy Impacts Most B-W Retailers; Little Optimism For Near-Term Improvement
Easing inflation, tightening consumer spending, and cuts to SNAP added up to…
- After the boom years of the COVID era, slowing inflation, and tightening consumer spending flattened sales.
- Traditional supermarkets and drug retailers find themselves most vulnerable to market shifts, continuing a trend.
- Said one exec: “It’s a good thing that your 12-month measuring period ended in March, because the next 12 months are going to look much different.”
Economic Environment Impacts Most Mid-Atlantic Retailers; Comp Sales Flat
Once again led by Giant Food and Walmart, the $61.3 billion Mid-Atlantic…
