Albertsons says grocery shopper behavior is changing because of high gas prices ...Middle East

Economy by : (Quartz) -
High prices in the US have been reshaping what shoppers buy, including switching to more affordable options, like store brands, as inflation hits a 40-year high. Now inflation is also changing how often shoppers go to the grocery store.Shoppers at Albertsons, the second-biggest US grocery chain, are limiting shopping trips as a way to save on gas. Consolidating grocery trips is a behavior that started during the pandemic, largely to avoid potential covid-19 exposure, but it has started to increase again as fuel prices rise, said Vivek Sankaran, Albertsons CEO, in a conference call with investors and analysts on Tuesday. “[T]here’s a new behavior that seems to have become more entrenched,” sa

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