Retailer says it overpaid for clinics by $6 billion
 
Supermarket News Daily

MARCH 29, 2024

Advertisement

Walgreens overpaid for VillageMD clinics by nearly $6B

Despite dismal quarterly results, year-over-year sales were up 6.3% to $37.1 billion.

READ MORE

Advertisement

Loblaw comes under fire for receipt scanners at self-checkout

Group wants shoppers to sign petition and send letters to company’s CEO.

READ MORE

Advertisement

USDA: Grocery food prices will increase in most categories in 2024

Fish and seafood, however, is projected to continue to drop in price.

READ MORE

Amazon One app now enables palm payment with a photo

Palm recognition tech now available at Amazon’s 500-plus Whole Foods locations.

READ MORE

BJ’s Wholesale Club preps five locations for grand openings

Store growth is higher than it’s been in two decades.

READ MORE

The Retail Daily podcast

Produced in cooperation with editors from CSP Daily News, the Retail Daily features the day’s top headlines from the grocery and c-store industries.

TAKE A LISTEN

SN Products to Watch: Pillsbury Ready to Bake Chick Shape Sugar Cookie Dough

Baking the Easter theme.

WATCH NOW

Aldi opens new store in Georgia

The discount grocer plans to open 800 new U.S. locations by the end of 2028.

READ MORE

Schnuck Markets launches diverse-owned business accelerator program

Schnucks Springboard will provide local, diverse-owned businesses with education, resources, and access to Schnucks customers.

READ MORE

Kroger plans to shutter 3 ‘spoke’ warehouses

Delivery facilities were underperforming expectations, company said.

READ MORE

The results are in...

Last week, the FTC released a scathing report accusing big grocery players and CPG companies of using pandemic-era supply chain disruptions “as an opportunity to further raise prices and increase their profits, which remain elevated today.”

So we asked: 
Did big grocers and CPG companies take advantage of the pandemic to unnecessarily raise prices?

And you answered: 

  • No, its more complicated (50%)
  • Yes, clearly (48%)
  • Other, tell us in the comments (1%)


And you also said:
Kurt McMillan, Owner, President, Texas Fresh Food Broker
Prices have gone up in part to supply/demand but also feed for animal proteins, labor, and trucking at an all-time high too. Government imposing new traceability and other regulations also make costs go up. Not hard to look around and find the cause without pointing fingers. Prices will NOT be going back down!

Richard Dorfner, Former Store Director, Cub Foods
IMO it seems some actual food inflation but the government shutdown and fear caused most of the problem in rising food prices. Some bad actors started the trend and the black sheep followed the money.

--
Have another thought? Weigh in on our LinkedIn poll here, or email the SN team at contactus@supermarketnews.com, and make sure to include your first and last name and job title. Have a great weekend.

WHAT DO YOU THINK?