At a virtual meeting in December, Whole Foods implored suppliers to lower costs on packaged groceries as inflation moderates.
According to The Wall Street Journal, Whole Foods SVP of merchandising Alyssa Vescio told vendors, “We know our customers are weighing the impacts of inflationary pressures on their buying choices.”
Walmart, according to Reuters, has warned major packaged goods makers against additional price increases. Rod Little, CEO of Schick razor maker Edgewell Personal Care, told Reuters, “Because the consumer is now under more pressure, and Walmart is under pressure, that sets up a dynamic where there’s probably not a lot of pricing going forward.”
