Retailers warn SNAP restrictions could cost $1.6 billion up front
FMI, NACS, and NGA say proposed rules would impose $1.6 billion in initial costs and nearly $760 million each year on retailers.
FMI, NACS, and NGA say proposed rules would impose $1.6 billion in initial costs and nearly $760 million each year on retailers.
“This revised proposal is critical to preventing the rule from unnecessarily driving up grocery prices.”
Although 72% of shoppers have cut household spending, postponed trips, or delayed big purchases, most still feel in control of their grocery budgets.
Nearly 85% of private brand assortments are now available online, a sharp rise in digital accessibility.
“Food price inflation continues to experience challenges driven by input costs and market uncertainties.”
The association encouraged the agency to adopt changes to the rule to ensure efficient implementation.
“Our mission in creating this new forum for members is to reduce the friction between bold ideas and real-world execution."
Family meals are 'the foundation for a healthy nation' and contribute to making America a more civil society.
Americans continue to enjoy grocery shopping, cook more at home, and embrace mealtime traditions that bring people together.
Fresh foods boost grocery growth through strong sales, stability, and expanding influence online and in-store.
“As consumers continue to prioritize health and nutrition, fresh foods remain essential to delivering the quality, convenience, and experience shoppers expect.”
Grocers operate on profit margins of just 1.7%, leaving little room to absorb higher costs.
“Ensuring a ‘reasonable and proportional debit regulated rate, as required by law, is critically important to keeping prices low for customers in the slim-margined grocery industry.”
“We fully support efforts to improve traceability throughout the supply chain and are working diligently to do so.”
“Natural Choice Foods is transforming how the industry views food waste,” said Ashley Eisenbeiser, Vice President of Food and Product Safety Programs at FMI.
“FMI strongly supports the work of HHS and FDA to identify and eliminate outdated or unnecessary regulations.”