Grocery Stores Feel Crunch of Fuel, Labor Costs Ahead of Memorial Day
Community Score: 50% | 715 views | 1w
0 community ratings: null thumbs up, null thumbs down
Stew Leonard Jr., president and CEO of Stew Leonard's, said that customers are still buying food ahead of Memorial Day celebrations, but they're also complaining about the squeeze they feel when they go to the store. Leonard said that while he believes fuel prices will eventually come down once conflict in the Middle East is resolved, labor costs for the store will remain high, making it difficult to keep prices from going up. -------- Get more on the Bloomberg Surveillance Podcast On Apple: http://bit.ly/3OPtReI On Spotify: http://bit.ly/42xmHPz Anywhere: http://bit.ly/3oOD8ZH Follow us on X: https://twitter.com/BloombergRadio Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bl
Tags: Agriculture, Carol Massar, Consumer Sentiment, Consumers, Farming, Food, Food prices, Fuel Prices, Grocery prices, Iran, Memorial Day, Stew Leonard, Tim Stenovec, affordability, farmers, us memorial day, war in iran
More from Bloomberg Television
- Americans Crave Low-Cost Chinese EVs — Score: 50%
- Bloomberg This Weekend | Shots Fired at WHCD — Score: 50%
- Rep. Beyer: "We Are More Divided Than We've Ever Been" — Score: 50%
- Rep. McCaul on How to Combat Political Violence — Score: 50%
- Sen. Tillis Expected to Clear Way for Kevin Warsh as Fed Chair — Score: 50%
- King Charles' Security Under Review ahead of DC Visit — Score: 50%