This Week in Retail: Gearing Up for the Last Major Retail Event of Summer
Grocers are gearing up for the last major retail buying occasion of the season—Labor Day weekend. The upcoming holiday signals the “unofficial end” of summer and retailers are making the final push for grilling items.
In the wholesale beef market, Urner Barry’s Choice beef cutout has been largely sideways since mid-May. At present, the cutout is down about 23% from last year's level, which was a seasonal all-time high.
However, the cutout remains at the second highest level in history for this time of year. This has made it difficult for grocers to procure inventory for holiday promotions at lower prices...
To Read Full Story Login Below.