![]() ![]() ![]() Then in mid-2021 inflation began surging and grocers steadily increased prices which aided sales. ![]() In 20, a total of $931 billion in direct payments were made to individuals, according to the U.S. Even after competition began to normalize with the reopening of restaurants, grocers’ sales were artificially supported with government stimulus. In the span of a few months, food at-home spending regained all the volume that had been lost over the prior two decades as people gradually ate out more often. Initially, the onset of the pandemic in early 2020 distorted demand as restaurants were forced to close. This is new territory for retailers of food and consumables who benefitted from unprecedented tailwinds the past three years. There is great uncertainty about retailers’ ability to grow sales due to a unique combination of economic and competitive issues. grocery industry at the beginning of 2023. Here’s what can be said with great certainty about the state of the U.S. ![]()
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