Consumers are now buying less food, rather than just buying cheaper alternatives, consumer-foods giant Conagra said.
  • animist@lemmy.one
    5·
    1 year ago

    Connolly provided some possible reasons for the new behavior.

    First, he said, consumers may be trying to save money because this summer will likely be “more travel intensive” than last year, something he believes will be a temporary shift.

    Other reasons he gave include deflationary trends in a few single-ingredient items and lower pension incomes.

    Regarding what the company can do to stimulate demand, Connolly said he is not a fan of deep-discount promotions, because those tend to train the shopper to look for deals.

    “So we don’t like those kinds of promotions,” he said. “But in the current environment with the consumer that is cutting back and making other choices, we probably are more likely to see some players resort to harder deals to stimulate units.”

    Blind tone deaf MBA piece of shit

    • SocializedHermit@lemmy.world
      9·
      1 year ago

      Cheap food is no longer cheap, Mr. Giant Food Conglomerate CEO smart guy. Even fast food is the price of a sit down meal at a restaurant just three years ago. I’ve been cutting all inessential food purchases and leaning into staples. I’m a former chef, it’s easy for me to plan cheap high-quality meals for my family but I imagine most people don’t have the skillset to make it work, or the time, or enthusiasm.

      “It can’t be us” is the refrain of the willfully ignorant. No introspection whatsoever about food inflation and shrinkflation.

      • taladar@sh.itjust.worksEnglish
        3·
        1 year ago

        I imagine most people don’t have the skillset to make it work, or the time, or enthusiasm.

        Or the household size. The smaller the household the less efficient cooking with fresh ingredients becomes.