Will Upscale Supermarkets Have Egg On Their Faces?
Friday, March 14th, 2008 |by Sarah Mahoney | Source: Marketing Daily
FORGET ABOUT TESCO, WHOLE FOODS and Trader Joe’s. The average American supermarket may have a new nemesis–food inflation that’s moving faster than a speeding bullet.
As American tastes have moved upmarket, virtually every chain has responded, adding everything from organic private-label products to high-end prepared foods. In fact, you can buy a $40 bottle of wine or fresh-made lobster bisque just about anywhere. But there’s some evidence that ever-upscaling supermarkets may be in a precarious position in the months ahead, as shoppers grapple with rapid price hikes in all kinds of food. (more…)
