OPERATIONS

Survey: Growing concern over food and gas prices

BY CSA STAFF

Chicago — In its most recent consumer sentiment and behavior survey, Technomic, the Chicago-based food industry research firm, found that 84% of consumers believe that grocery prices have risen in the past three months and 62% believe restaurant prices have risen.

Bob Goldin, executive VP of Technomic, believes that the rapid rise in gas prices, now at record highs, has raised consumer sensitivity to price increases in grocery stores and restaurants.

"Consumers are deeply concerned about the price of gas, which they expect to continue to rise,” he said. “As a result, they are very likely to reduce their spending on groceries and restaurant meals and increase their reliance on coupons and deals."

Goldin also notes that consumers have become more aware of total value, of which package/portion size is a key component, and urges food and restaurant companies to be sensitive to the risks of downsizing.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Kroger stepping up in fight against organized retail theft

BY CSA STAFF

New York City — Kroger Co. is increasing its efforts to stop organized retail theft rings, the Cincinnati Enquirer reported.

The supermarket company now has an executive in charge of organized crime investigations. He oversees investigators in each of Kroger’s 17 divisions across the nation.

Last October, the Kroger team worked with federal immigration agents in Seattle to apprehend 32 people suspected of stealing $4.87 million worth of goods from six retailers over 16 months, the report said. Authorities say the ring shipped vehicles full of stolen goods overseas to be sold in Cambodia. Kroger lost $1.21 million.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Acting CEO takes helm at Sunflower Farmers Market

BY CSA STAFF

Boulder, Col. — Sunflower Farmers Market appointed Chris S. Sherrell as its CEO, the natural grocery chain announced Friday. He has worked with Sunflower since its inception in 2002 and most recently served as the company’s president and COO.

Sherrell has served as the acting CEO since the middle of February, shortly after Michael Gilliland, the company’s founder and then-CEO, was arrested in Phoenix following a prostitution sting operated by undercover Phoenix Police Department officers.

Gilliland subsequently was indicted on accusations he knowingly offered to pay for sex with "Marissa" — the alias of an undercover female Phoenix police officer — whom he believed to be 17 years old, according to court documents.

A jury trial is scheduled for Aug. 9 for Gilliland, who has pleaded not guilty to the charge.

Sunflower has 33 stores in six states- Colorado, Arizona, New Mexico, Nevada, Texas and Utah. It plans to enter California later this month and Oklahoma this fall.

keyboard_arrow_downCOMMENTS

Leave a Reply

M.Hartigan says:
Feb-12-2013 05:25 am

It feels great to have a case
It feels great to have a case solved under you. Hope I can handle a case soon as I become a police officer officially this month. I’ve been following different cases and learn from it as well for me to get ready for my position.

M.Hartigan says:
Feb-12-2013 05:25 am

It feels great to have a case solved under you. Hope I can handle a case soon as I become a police officer officially this month. I’ve been following different cases and learn from it as well for me to get ready for my position.

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...