With inflation pushing food prices higher by 3.3%, value-driven purchases is still the order of the day for many consumers relying on Walmart (WMT) and other cost-effective grocery retailers.
Amazon (AMZN) — which also owns Whole Foods — is expanding its online fresh grocery delivery service, to which Forrester Research Retail Analyst Sucharita Kodali believes that the online retailer is still thriving primarily in non-perishable and non-food items. The US online grocery market is forecasted to be valued at $243 billion by 2025.
Kodali notes to Yahoo Finance that online fresh grocery sales are an “under-penetrated category” and sees room for growth in this market.
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Lol — Try 13%
More than that!
@Jung Kim The experts have been wrong so often – I was being nice 🥴
@Victor Cano understood.
Three percent I’m surprised anybody even noticed
I shop at Aldi’s. Lower prices every day!
Even Aldi has to increase their prices lately to catch up with inflation.
Air (to fill up tires) went up 100% (from 4 to 8 Quarters).
I only fill up front ones now.