Consumers tighten their belts after food prices rose 13.5% in August
Stew Leonard Jr., CEO of grocery chain Stew Leonard’s, noted on Friday that while shoppers have returned to pre-pandemic levels, shoppers are “tightening their belts” in the face of high inflation over decades. At Varney & Co. Leonard gave tips on how to save money when shopping for groceries, including buying wholesale and buying freezer-safe foods.
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STU LEONARD JR.: They are tightening your belts right now and we’re noticing it in the store. People buy what they need, not what they want. And we notice when we put items on sale in the store – The Wall Street Journal just had a great article about how most chains don’t sell that much every week – we’re still selling a lot. sale.
We have noticed that customers are buying more when we list items for sale right now. And I think we hear what a lot of them want [to know]how can i freeze it? So they buying things on sale and freezing is one way to save money today when you go to the grocery store.
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