Breaking News: PepsiCo and Walmart are currently facing a class action lawsuit from consumers who claim they were charged higher prices for soft drinks at non-Walmart retailers due to an alleged price-fixing scheme. This scheme reportedly led to inflated costs…
Tag:
price
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J.M. Smucker Absorbs $75M in Tariff Costs, Reverses Coffee Price Hike Plans J.M. Smucker has decided to reverse its initial plans for a third price hike on coffee this fiscal year. Instead, the company will absorb $75 million in tariff-related…
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Key Points: President Donald Trump has ordered a federal investigation into U.S. food-related industries and foreign-controlled companies for potential price fixing in response to rising grocery costs. The Department of Justice and the Federal Trade Commission have been directed to…
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Key Takeaways: J.M. Smucker Co. is planning to increase coffee prices for the fourth time since June 2024 due to tariffs impacting the cost of coffee bean imports. The primary driver of direct material costs related to tariffs for Smucker…
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Food News
The new price reality: Why 84% of consumers have seen rising costs and how brands must respond
There is a rapid shift in consumer behavior, driven not only by inflation fatigue but also by increased price sensitivity, declining optimism, and a strong focus on seeking value. This shift is evident in the comparison of consumer sentiment from…
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Keurig Dr Pepper Offers Limited-Time Discounted Subscription Model for K-Cup Pods Keurig Dr Pepper has introduced a special discounted subscription model for its Keurig K-Cup pods in an effort to boost sales during a challenging time for the coffee industry.…
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General Mills recently reported an increase in demand for its products following a price reduction earlier this year. CEO Jeff Harmening emphasized the company’s commitment to maintaining its competitive edge in a challenging market environment. Due to economic uncertainty, food…