With brief, occasional, italicized and sometimes gratuitous commentary…
• Axios reports that "the Consumer Price Index cooled more than expected in October: it rose 7.7% from a year earlier, down from 8.2% the prior month, the Labor Department said on Thursday … Inflation still remains painfully high, but a bigger-than-expected easing in price pressures for items like used cars and apparel helped pull the overall index down."
• Southeastern Grocers Inc. (SEG) announced yesterday that "now through Nov. 22, all Winn-Dixie stores are offering a Thanks-Winning holiday meal for under $30 with everything customers need to cook a traditional Thanksgiving feast at home for their families and friends. The $30 Thanksgiving meal includes a 12-pound or less frozen Butterball Turkey and SE Grocers sides, including Turkey Stuffing Mix, Yams Cut Sweet Potatoes, Canned Sweet Peas, Jellied Cranberry Sauce and Canned Green Beans, as well as a 12-pack of Dinner Rolls and an 8-inch Pumpkin Pie from the bakery."
Companies like Aldi, Walmart and now Winn-Dixie are using the Thanksgiving holiday - which may be challenging for a lot of shoppers - as an opportunity to draw the line on prices and cast themselves as being there for the consumer. Carpe diem, baby.
• Ahold Delhaize said that its Q3 US sales were up 8.8 percent to $14.75 billion, compared to the same period a year ago, on same-store sales that were up 8.6 percent. Online sales for the period were up 20.8 percent to $1.08 billion.
Global sales for Ahold Delhaize in Q3 were $22.28 billion, up 20.8 percent from the same period a year ago, with global online sales up 20.2 percent.