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TheStreet.com
The Fastest Growing Food Retailer In America Might Surprise You
With the price of eggs making recent headlines for their meteoric price hikes (the cost of a dozen eggs was up 59.9% in Dec. 2022) due to an avian flu, among other contributing factors, it’s safe to say food doesn’t cost what it used to. In fact, a recent report found grocery prices haven’t spiked this high since the 1980s, when inflation was at record highs. For many people who are already feeling the pinch of a cooling labor market and rising interest rates, a rise in the grocery budget is simply out of the question — which is why a new type of budget retailer is rapidly gaining market share.
