Tag: Kroger

Whole Foods footfall recovery is far slower than Walmart, Kroger, Aldi

  • Whole Foods had 21% fewer visitors across its stores on October 4 compared to the same day last year, according to data by placer.ai.
  • Shopper traffic is bouncing back much faster at other grocers – it was only down 2% at Kroger’s.
  • Part of this is because Whole Foods normally gets a lot of lunchtime trade from office workers, who are now working from home, a spokesperson said.
  • Sales of packaged goods, like sandwiches and salads, has fallen 75%.
  • A Whole Foods spokesperson told Business Insider the company “is healthy and continues to grow,” and has opened 10 new stores in 2020.
  • Visit Business Insider’s homepage for more stories.

For every five in-store shoppers Whole Foods Markets had last October, it now only has four, new data suggests. 

The supermarket chain had 21% fewer visitors across its stores on October 4 compared to the same day last year, according to

Read More

Luciano: At Kroger, nothing is ‘low low low’ about debit-card holds at gas pumps – News – Journal Star

Thanks to Flo Rida, a current Kroger commercial boasts prices that are “low low low low low low low low.”

But that’s not the case when it comes to the debit-card and credit-card holds at its gas pumps.

To be clear, we’re not talking about the price of gas. Some types of business, including some hotels and car rentals, put holds on your cards to make sure you pay your entire bill.

Gas stations do this all the time. When you pop in your card, a hold is put on your account, often for $50. Before you pump your gasoline, the account is checked to make sure there’s enough money to cover any likely amount. Your card isn’t actually charged the amount of the hold, just the amount of the gasoline sale. And the hold later goes away.

However, there are two possible downsides here:

• The hold doesn’t vanish

Read More

This Week: Consumer borrowing, job openings, Kroger earns

The Federal Reserve issues its July snapshot of U.S. consumer borrowing Tuesday

A look at some of the key business events and economic indicators upcoming this week:

JUST CHARGE IT

The Federal Reserve issues its July snapshot of U.S. consumer borrowing Tuesday.

The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing increased by $16 billion, up from an increase of $9 billion the previous month. That gain in June pushed total consumer credit to $4.12 trillion. Consumer borrowing is closely watched for signals about potential consumer spending, which accounts for 70% of U.S. economic activity.

Consumer credit, monthly change, seasonally adjusted, billions of dollars:

Feb. 20.5

March -16.1

April -65.3

May -14.4

June 9.0

July (est.) 16.0

Source: FactSet

HIRING PICKUP?

The number of job openings is rising as more businesses that

Read More