The U.S. Department of Agriculture predicts you' ll be paying about 3% more for your groceries the remainder of the year, and as much as 5% more in 2013, due in part to the nation's worst drought in 50 years. Increased food price don't have to take an oversized bite out of your budget: Here are seven ways to cut your supermarket bill.
From piping in the smell of fresh-baked bread to making you wait in artificially long lines, your local supermarket works hard to get you to spend. Here's how to rise above the temptations.
Saving money gets a tasty twist at international grocery stores, where your favorite foods often come with much smaller price tags. And with food costs on the rise, what a better time to explore than right now.
Supermarket chains like Kroger and Safeway have posted a string of strong quarterly earnings. But with the costs of gas and agricultural products spiking, that could all change.
In this economy, cash-strapped consumers have become more budget conscious and less concerned about appearing cheap. As a result, better-known brands have steadily been losing ground to store-branded food products.
Safeway might not seem to have any connection to Blockbuster, but it turns out the supermarket operator is the landlord of several Blockbuster stores slated for closure. Safeway has filed a motion to ensure the liquidations don't disrupt neighboring businesses.
Americans are returning to indulging in specialty foods the way they did before the recession, and they'll likely make big purchases of these affordable luxuries during the holidays. A recent survey showed 63% of American consumers purchased specialty food this year, up from 46% in 2009.
Supermarket chain Kroger boosted sales and turned a profit in its fiscal third quarter, but failed to beat Wall Street earnings estimates and lowered the top of its 2010 earnings forecast range. Shares fell 9.3% on the news to close at $21.63 Thursday.
The world's largest retailer, Walmart Stores, wants to get even larger: It has joined the bidding war for Indonesian retailer Matahari's hypermarket business, Hypermart, a deal that could be worth up to $1 billion, unnamed sources told Reuters on Thursday.
Whole Foods shares rose Friday after a Jeffries analyst upgraded the stock, saying the grocery's strategy of offering lower-priced items has accelerated sales while maintaining low costs.
Kroger Co. increased its quarterly dividend by 10.5% as the largest U.S. supermarket chain continues to outperform the industry.
Supermarket giant Kroger said earnings per share rose to 41 cents in the second quarter of fiscal 2010 from 39 cents a year earlier.
Great Atlantic & Pacific Tea Co., owner of the A&P supermarket chain, may sell its Food Emporium stores as the 151-year-old company continues to try to turn around its finances by cutting costs and revamping leadership.
Grocery chain Supervalu reported a net income of 31 cents per share this morning for the last quarter, which ended May 10, a 40% decline year-over-year. An after-tax charge of 12 cents per share that brought the figure down, but the quarter was still a disappointment.
Supermarket stocks are on a roll, even though shoppers are continuing to fill their carts with cheaper food and household items. The reason? Investors are anticipating a growth year for names like Kroger, Safeway and Supervalu.
Chile's 8.8-scale earthquake on Saturday came at the end of the summer harvest for Latin America's largest economy and a major supplier of fruit, wine and fish to the U.S. Some analysts say higher prices for Chilean food exports are likely, although the full extent of the damage has yet to be determined.
