Retail Sales Rise But Grocery Struggles

Retail sales surged 0.9% month-over-month and 6.9% year-over-year, sparking optimism—but these figures ignore inflation, masking a shift in consumer behavior. Gas and online sales spiked due to price hikes, while grocery giants like Kroger see sluggish growth in actual food purchases. Despite higher dollar sales, shoppers are buying less or switching to cheaper options, squeezing margins. Kroger’s stock tumbled as analysts slash targets, forcing the company to lean on delivery and private brands for profit. The grocery sector is tightening its belt as inflation bites deeper, even as the broader economy appears to perk up. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c6b3b4793212191b