Posted on 01/04/2024 11:48:03 AM PST by CFW
PARIS (Reuters) -Carrefour is telling customers in four European countries it will no longer sell products, such as Pepsi, Lay's crisps and 7up because they have become too costly, in the latest tug-of-war over prices between retailers and global food giants.
From Thursday, shelves for PepsiCo products at Carrefour stores in France, Italy, Spain and Belgium will carry signs saying the store will no longer be stocking the brands "due to unacceptable price increases", a spokesperson for the French supermarket giant said.
Carrefour's move impacts more than 9,000 stores across the four countries, amounting to two-thirds of the retailer's global footprint of 14,348 stores according to its 2022 annual report.
Grocery retailers in several countries including Germany and Belgium have similarly stopped orders from consumer goods firms, a tactic in price negotiations that have become more fraught due to inflation.
(Excerpt) Read more at finance.yahoo.com ...
If this is the new standard for Carrefour, pretty soon they’ll stock nothing at all ...
Must be bad if it’s affecting Europe. Of course they are famous for price controls.
Cheaper Chinese products?
Around here in northern Virginia, a non-sale price in a supermarket for a twelve pack is $13.
These price hikes aren’t all inflation. Carrefour is just doing what Costco does; demanding lower prices from their suppliers by threat of dropping the brand.
“All I wanted was a Pepsi, just one Pepsi!”
I worked for PepsiCo for 35 years. I said at least 25 times, that’s it, people won’t pay this price. I was always wrong. Isn’t that the customer’s decision? Me, I would never consider paying retail price for any of that stuff.
I’ve been saying it for over a year. I finally decided to put it in my tag line...
If this is the new standard for Carrefour, pretty soon they’ll stock nothing at all ...
I have not bought a can of pop since the twentieth century.
Heck, I didn’t even buy those hot dogs with a pop at Costco until I found out, just a month ago, that one of the available pop flavors is plain soda water. I love that stuff.
“I’ve been saying it for over a year. I finally decided to put it in my tag line...”
—
I agree with your tag line.
Considering the quality of food over there, why would any Euro shopper by American junk food in the first place?
wow that’s steep, here in cali the price for 24 pack is 13.99
a 12 pack is 7.99, and a 2 liter is 2.99
everything has shrunk. Families have to buy two packages for every meal.
I noticed when I made a quick stop at gas station for a loaf of wheat bread the bread size is smaller now. It was an off brand. I rarely buy at gas station but didn’t what to run to big store for just loaf of bread.
Companies are getting away with shrinkage while charging more for the product since COVID.
The absurd price increases are what these companies believe they need to charge to keep the excesses of their businesses stable.
Thing is, I see the crazy prices for these items, and simply pass them up until I see them on sale for a significant reduction in price, and I’m not the only one doing this. I’ve noted that these products move very slowly at the “normal”, yet high, prices.
Put them on sale at a reasonable price and they fly out the door.
Case in point. Shrunk bags of Doritos sell here in Ca for $4-$5+ when not on sale. Same for bags of potato chips from Lays. I see these moving very slowly compared to several years ago. Sure, there are plenty of EBT bearers who don’t care about the prices since they aren’t paying for their food, for the most part, and we’re the ones paying for it in a couple of different ways.
However, put those bags of chips on sale at $1.99 or $2.49 if you buy 4 and suddenly the product starts moving. Same for the soft drinks. $7.99 for a 12 pack, but when on sale, you can get 4 for $3.99 each, or lately, 2 at $7.99 but then you get 3 more for free.
Some people still shop for deals and just don’t plop down whatever price is demanded just to get their product.
“everything has shrunk. Families have to buy two packages for every meal.”
Shrinkflation is making everything ridiculously small. Trying to adjust for old recipes is almost impossible. Plus, now you pay twice the cost for an item half the size that it was three years ago.
Our economy is doing better than any other because we can export inflation due to the dollar being the Reserve currency. It will be interesting if BRICS etc ever get their sh*t together and come up with another Reserve currency.
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