The Retail Rundown: Grocers Vie with Foodservice During Peak Travel Season

Summer is usually the peak demand period for foodservice, as warmer weather encourages vacation plans and out-and-about activities. As more consumers embark on trips, spending is typically increased at restaurants and bars.

Data released by the U.S. Census Bureau on Tuesday showed that restaurant business rose 0.3 percent last month, likely supported by the summer travel season. Overall retail sales in June remained unchanged from May, outpacing expectations for a decline. Stock futures climbed following the stronger-than-expected data, sending the Dow Jones Industrial Average to... 

US Consumer Prices Flat in May, Defying Expectations for Slight Rise

U.S. consumer prices were unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September against the backdrop of a persistently strong labor market.

The unchanged reading in the consumer price index reported by the Labor Department's Bureau of Labor Statistics on Wednesday followed a 0.3% increase in April.

The CPI has been trending lower since posting solid readings in February and March. Price pressures could continue moderating as...

The Retail Rundown: Memorial Day Promotions; Latest CPI Data

Spring is in the air… and the first inklings of summer are making a reappearance too. Memorial Day is less than two weeks out and grocers are enthusiastically preparing for the official start of the grilling season.

Cookout staples like charcoal, outdoor serving ware, grilling cuts, and all things barbeque are migrating toward the front page of circulars, bringing increased visibility to the meat case, deli counter, and prepared foods sections of the store. 

In the week leading up to Memorial Day weekend last year, 78-84% lean ground beef was...

U.S. Stocks Trade Mixed Following Latest CPI Report

The U.S. Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) report for November Tuesday morning, showing the index up 3.1% on the year.

The latest data matched expectations and was down from 3.2% the month prior. Inflation gained 0.1% on a monthly basis in November after holding steady last month, slightly outpacing expectations.

The core CPI, which strips out food and energy, increased by 0.3% last month after rising by 0.2% in October. Over the last 12 months, the all items minus food and energy index gained 4.0%...