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Grocery Gauge : Industry slips in September

The September Grocery Gauge fell to 52.2, at the low end of “fair.” Store closings outnumbered openings, with 28 openings against 35 closings in August per ScrapeHero data, and store visits were flat year over year. Albertsons reported second-quarter revenue down 0.1% to $18.89 billion and adjusted net income down about 28% to $179 million, and launched a comprehensive operations review; Village Super Markets also saw lower net income despite higher sales. Food-at-home prices fell 0.1% from August to September, and food and beverage retailers lost about 4,100 jobs.

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