{"id":35095,"title":"The increase in grocery shopping is due to the back-to-school season.","publisher":"Stockmark.IT","author":"Stockmark.IT Website","published":"2024-09-12T04:22:17+00:00","modified":"2024-09-12T04:22:17+00:00","canonical_url":"https://stockmark.it/the-increase-in-grocery-shopping-is-due-to-the-back-to-school-season/","markdown_url":"https://stockmark.it/the-increase-in-grocery-shopping-is-due-to-the-back-to-school-season.md","json_url":"https://stockmark.it/the-increase-in-grocery-shopping-is-due-to-the-back-to-school-season.json","category":"Food and Drink Industry","categories":["Food and Drink Industry","Retail","Supermarkets"],"featured_image":"https://i0.wp.com/stockmark.it/wp-content/uploads/stencil.share-talk-2024-04-11T072120.931.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"Last month, households increased their grocery expenditures by stocking up on essentials for lunchboxes. Inflation in Great Britain’s supermarkets dropped.\n\nKantar, a retail analyst, says that the rate of inflation in grocery prices fell from 1,8% last month to 1,7% during the four-week period ending 1 September. However, nearly 60% of consumers are concerned about the cost of shopping.\n\nSales of cereal, fruit and fromage bars rose 14% in the last week of august compared to a year earlier, while chocolate biscuit bars increased by 12%.\n\nFraser McKevitt is the Kantar’s head of retail and consumer insights. “The demand for the lunchbox favorites has increased as the summer winds down and parents prepare to stock up before the start of the school year,” he said.\n\nHe said, however, that the overall confidence of shoppers in their financial situation had not increased. “Remembering the past two years is still strong. Nearly 60% of shoppers are still extremely or very concerned about rising food prices. “This is their second greatest financial concern, just behind home energy bills”, he said.\n\nRetailers offer more deals in order to reduce the burden. The percentage of sales that are attributed to promotions has risen year over year for 16 consecutive months. McKevitt stated that more than half of grocery shopping trips involve shoppers taking advantage of some sort of offer. This proportion increases as the amount spent grows.\n\nThe prices of toilet paper, dog food, bottled colas, chilled fruit juices, and nutrition supplements are the fastest rising.\n\nThe value of grocery sales increased by 3% over a four-week period, compared to a year ago. This is down from the 3.8% increase last month.\n\nOcado has been the fastest-growing grocery store for seven consecutive months, with sales increasing 12.9% on an annual basis. Asda had the lowest sales, down 5.6%. The Co-op, the other major grocer, reported a 0.7% drop in sales.\n\nAldi is a German-owned retailer that sells budget goods. said Monday that the slowdown in sales was due to the fact that big chains like Tesco and Sainsbury’s had won back some customers by promising Aldi would match their prices on certain items.\n\nTesco, the UK’s largest retailer, saw sales increase by 5.3%, while Sainsbury’s also recorded a 5.7% growth.\n\nMorrisons sales were up by 2,7%, while Waitrose’s rose by 4%. Lidl’s sales increased by 9.1% while Aldi only grew by 1.3%.\n\nRetailers await the autumn budget of the chancellor on 30th October to see if it will affect household income and expenditure."}