Grocery Stores Feel Crunch of Fuel, Labor Costs Ahead of Memorial Day
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/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
