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Consumer Prices Drop, eGrocery Sales Surge, and Kroger's Big Shake-Up
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Welcome to the Credible Vegetable Report! This week, Craig Slate and Matt Mandel delve into the latest updates affecting the produce industry. Leave a like and subscribe to our channel!
In this episode:
๐ฅต Weather Watch: Extreme heat continues to scorch California, impacting summer crop yields and farm operations. Meanwhile, flood watches are in effect for the southern Midwest and northern New Mexico.
๐น Consumer Price Index Insights: Discover how the June Consumer Price Index (CPI) reports a slight decline, with notable changes in gas and food prices. (Data sourced from the Bureau of Labor Statistics)
๐ eGrocery Boom: Learn about the 8% rise in U.S. eGrocery sales in June, driven by a surge in delivery and ship-to-home orders. (Data sourced from Produce Blue Book)
๐ Kroger & Albertsons Merger: Get the details on Kroger and Albertsons' plan to divest over 500 stores as part of their $25 billion merger deal.
๐ฌ Retail Trends: Explore how Sprouts and BJโs are thriving with smaller store formats, and Whole Foods' response with its new 'Daily Market Shop'. (Insights from Supermarket News)
Join us for these topics and more, as we provide valuable updates and market analysis to keep you informed about the produce industry.
Learn more:
https://linktr.ee/thecrediblevegreport
https://linktr.ee/thefreshcred
Rather Watch? https://youtu.be/AWtUUcqiyDs
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