BUSINESSQUARTZ
Americans are buying fewer groceries, and food companies are starting to feel the squeeze
Grocery unit sales in the U.S. declined by 1.8% in June according to a Bain & Company analysis, as rising prices failed to compensate for reduced purchase volumes. Food companies are experiencing financial pressure due to this downturn in consumer grocery buying.
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Adjacent reporting
- U.S. grocery slowdown deepens as shoppers buy fewer items, raising pressure on food companies
- Investors panic sell Walmart stock after the company warns Americans can barely afford budget groceries
- As consumers pare spending, grocery stores race to cut prices
- Big food’s troubles go from bad to worse
- China's retail sales posted their first drop in over three years as domestic demand sours
- Budget-conscious shoppers are feeding a boom in discount groceries