1. Trends & External Forces

Food prices drive inflation higher

Written by Posted on Less than 0 min read

Food prices rose 0.8 percent in September, with produce up 1.6 percent and cereal and baked goods up 0.9 percent., according to data from the Bureau of Labor Statistics. Food prices on the whole were up 11.2 percent from the same month last year. Overall inflation rose 0.4 percent in September, 8.2 percent higher than the same time in 2021.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Shopper & Customer

Retail sales up in June following May’s decline

Retail sales were up one percent in June following a revised 0.1 percent decline in May, according to the Commerce Department. The June increase suggests that consumers are continuing to spend despite inflationary pressures. View Original Article Consumers RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, […]
< 1 min read
0
  1. Shopper & Customer

J&J spinning off its consumer products and pharmaceutical businesses

Johnson & Johnson plans to spin off its consumer product brands and its pharmaceuticals and medical device companies into two separate publicly traded companies. “The best path forward to ensure sustainable growth over the long term and better meet patient and consumer demands is to have our consumer business operate as a separate healthcare company,” […]
< 1 min read
0
  1. Merchandising

Beef ‘raised without antibiotics’ tests positive for antibiotics

A study that tested 699 cows at a slaughterhouse that processed cattle raised without antibiotics found that 26 percent tested positive for antibiotics. “These findings suggest that today’s RWA labels lack integrity,” wrote authors Lance Price, Laura Rogers and Kevin Lo in an Science magazine article. View Original Article Packaging RetailWire Member since October 25, […]
< 1 min read
0
  1. Department: Consumer Durables

Retail sales grow for fourth straight month

U.S. retail sales, not adjusted for inflation, were up 0.9 percent month-over-month in April as Americans spent more on eating out and shopping for cars, clothing, electronics and furniture. View Original Article Economy Dept. Apparel Dept. Nonfood RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving […]
< 1 min read
0
  1. Associates & Employees

Union supporters optimistic about organizing efforts

Union votes at Amazon.com warehouses and Starbucks locations have labor advocates feeling confident about organizing activities in the future. A tight labor market and concerns related to wages, health benefits and work/life balance have come to the forefront in recent years alongside the pandemic in the U.S. View Original Article Restaurants Predictions and Forecasts Associates […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon is pulling the plug on fabric.com

Amazon.com is shutting down its fabric.com subsidiary in a cost-cutting move. “As part of our regular business planning, we continually evaluate the progress and potential of our offerings and have made the decision to close Fabric.com,” said Amazon spokesperson Betsy Harden. Amazon acquired fabric.com in 2008. View Original Article Amazon Strategy RetailWire Member since October […]
< 1 min read
0
  1. Holiday & Events

Massive winter storm threatens activities in final days before Christmas

A “pre-Christmas blizzard” is expected to play havoc with travel plans, shopping and holiday parties this Thursday across regions of the Central and Northern Plains, Upper Midwest and Great Lakes. Forecasters are warning the public of possible “bomb cyclone conditions,” along with frigid temps and high winds. Rain and heavy winds will likely hamper activities […]
< 1 min read
0
  1. Trends & External Forces

Americans work extra jobs to keep up with inflation

A growing number of Americans are working two jobs to help them keep up with rising costs. The percentage of employed people working multiple jobs increased from four percent in April 2020 to 4.8 percent in June 2022, according to data from the St. Louis Federal Reserve Bank. View Original Article Big Data Data & […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon has a real stake in vendor performance

Amazon.com often includes the right to buy company shares at below-market rates from vendors that it does business with. The retail and technology giant has struck such deals with 75 privately held firms and at least a dozen that are publicly traded. View Original Article Vendors Amazon Technology & Innovation RetailWire Member since October 25, […]
< 1 min read
0
  1. Channel: Drug

CVS, Rite Aid and Walmart among pharmacies limiting Plan B pill purchases

The Plan B emergency contraceptive is in short supply following the decision last week by the U.S. Supreme Court to strike down Rowe v. Wade and end the guaranteed right of women to abortion. Planned Parenthood has advised women against stocking up on emergency contraceptives since the medicines have limited shelf lives. View Original Article […]
< 1 min read
0
  1. Department: Nonfood

Credit card debt climbs as Americans up spending

Fifty-nine percent of Americans say they are currently carrying more credit card debt than they were at the beginning of the pandemic. The Federal Reserve Bank of New York’s “Quarterly Report on Household Debt and Credit” found that the amount of purchases paid for with credit cards rose $17 billion in the second quarter. It […]
< 1 min read
0
  1. Stores & Formats

More Americans shopped in stores on Black Friday, but they spent less

Store traffic on Black Friday increased seven percent over last year, according to RetailNext. In-store sales rose only 0.1 percent for the day, however, as shoppers spent less per visit than they did in 2021. View Original Article Brick and Mortar Holiday & Events Marketing: In Store Shoppers Store Location RetailWire Member since October 25, […]
< 1 min read
0
  1. Channel: Delivery

CEO says Instacart is grocers’ antidote for Amazon

Fidji Simo, CEO of Instacart, said she is focused on “building a company that will stand the test of time.” She is setting the foundation for that future by providing grocers with an answer to competition from Amazon.com and acquiring tech companies that will alleviate concerns that Instacart may one day itself become a competitor […]
< 1 min read
0
  1. Associates & Employees

Amazon giving huge pay raises to white collar staff

Amazon.com is more than doubling its maximum base pay for corporate and tech workers from $160,000 a year to $350,000 in an effort to recruit top talent and reduce turnover among its current employees. View Original Article Associates Amazon Technology & Innovation RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s […]
< 1 min read
0
  1. Channel: Restaurants

Chain stores have yet to recover in NYC from the ravages of the pandemic

The new “State of the Chains” report from the Center for an Urban Future shows a slight uptick in store numbers for chains such as Dunkin’ and Starbucks, now with 620 and 316 locations in the five boroughs of New York City, but store counts for each have yet to return to 2019 highs, when […]
< 1 min read
0
  1. Trends & External Forces

Sweetgreen lowers forecast and announces layoffs

Sweetgreen is cutting about five percent of its support center staff and moving to a smaller office building after posting weaker than expected sales in the most recent quarter. The salad chain has cut its annual revenues and earnings forecast. View Original Article Results & Investment Dept. Nonfood Predictions and Forecasts Associates RetailWire Member since […]
< 1 min read
0
  1. International

Canada Goose is looking forward to a big year

Canada Goose Holdings raised its annual sales and earnings forecast as it continues to see strong demand for its upscale jackets and parkas. Demand for luxury goods items has remained strong in North America despite inflationary pressures that have negatively affected retailers in recent earnings reports. View Original Article International - North America Predictions and […]
< 1 min read
0
  1. Uncategorized

Kanye West and Balenciaga teaming up on Gap collection

Kanye West and Demna Gvasalia, the creative director of Balenciaga, are working together to come up with new merchandise for Gap. The Yeezy Gap Engineered by Balenciaga line will drop its first pieces in June. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, […]
< 1 min read
0
  1. Trends & External Forces

Inflation hits the poor hardest of all

Lower income Americans are having to purchase goods at inflated prices in 2022 without the support of government stimulus checks and child tax care credits that helped them get through 2021. View Original Article Economy Government RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the […]
< 1 min read
0
  1. Media & Marketing

Facebook gets into cloud gaming

Facebook is about to become the latest technology powerhouse to move into cloud gaming. The site’s focus will be entirely on mobile gaming. The social giant’s service will only be available on Android devices. Facebook claims that Apple’s terms of service are too restrictive. View Original Article Vendors Marketing: Social Technology & Innovation Meta (Facebook) […]
< 1 min read
0
Next