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FMI’s State of Food Retailing 2009: Strong Sales Increase Offset by Inflation
Supermarket industry sales increased 5.2 percent in 2008, and identical-store sales rose 4.5 percent, but these gains were offset by the 5.7 percent food-at-home inflation rate last year, according to “2009 Food Retailing Industry Speaks: Annual State of the Industry Review,” released late last week by the Food Marketing Institute (FMI). Adjusted for inflation, sales declined 0.5 percent and identical-store sales fell 1.2 percent. -
Economic Downturn Pits Saving Money Against Eating Healthy
Consumers are shifting priorities when making grocery purchase decisions in the current economy, according to a new survey released by the Midwest Dairy Council. According to the April telephone survey of 1,002 people, more than half of consumers say price, not nutrition, is the most important factor when grocery shopping in this economic climate.