retail news in context, analysis with attitude

USA Today reports that the "Food at Home" component of the recent consumer prices report “surged almost 5% on an annual basis as grocers passed on to consumers the 12-month jump in corn, rice, sugar and oats.”

According to the story, “The measure, defined by the Bureau of Labor Statistics as ‘total expenditures for food at grocery stores,’ rose 4.8% during the 12 months ending in June. That's up from a 4.4% annual increase from May's report. Plus, not counting the temporary spike in inflation during the aftermath of the credit crisis, this is the biggest price increase by grocers since 2004.”

• The Chicago Sun Times reports that Trader Joe’s ill open a store in Chicago’s South Loop on September 9; it will be across the street from a Jewel-Osco store, and will be the fourth Trader Joe’s operated in the city.

• The Arizona Republic reports that Starbucks customers in Arizona “will be among the first in the nation to try the company's new line of cold beverages, called Refreshers. The iced beverages initially come in two flavors and are being rolled out this month in Arizona and Southern California for a market test through Sept. 5 ... If the test is successful, Very Berry Hibiscus and Cool Lime Refreshers could be rolled out at Starbucks' 17,000 stores nationwide.”
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