Inflation is changing how wealthy Americans eat — and it’s great news for Chipotle, Olive Garden, Aldi, and Walmart
Inflation is pushing up prices at grocery stores, restaurants, and gas stations. High-income consumers are turning to budget retailers like Aldi, Walmart, and Olive Garden in place of more expensive alternatives. Executives identified middle-income customers as making between $50,000 and $100,000 per year. Inflation is changing shopping habits across the board, even for people with high salaries and disposable income. Over the last year, Aldi''s US stores have seen more than one million new customers , vice president of national buying Scott Patton told Reuters . Many of those new shoppers were middle and high-income customers making between $50,000 and $100,000 or more, Patton said. "Inflation is hitting everyone so when we can be a solution for the grocery portion of that, that''s important," he said. Aldi is a discount grocery store known for its bare-bones approach to keeping costs low . Workers stock products on shelves in their cardboard packaging or on the pallets they arrived in, saving time and labor, and workers don''t bag groceries either.
Inflation is changing how wealthy Americans eat — and it’s great news for Chipotle, Olive Garden, Aldi, and Walmart
Inflation is pushing up prices at grocery stores, restaurants, and gas stations. High-income consumers are turning to budget retailers like Aldi, Walmart, and Olive Garden in place of more expensive alternatives. Executives identified middle-income customers as making between $50,000 and $100,000 per year. Inflation is changing shopping habits across the board, even for people with high salaries and disposable income. Over the last year, Aldi''s US stores have seen more than one million new customers , vice president of national buying Scott Patton told Reuters . Many of those new shoppers were middle and high-income customers making between $50,000 and $100,000 or more, Patton said. "Inflation is hitting everyone so when we can be a solution for the grocery portion of that, that''s important," he said. Aldi is a discount grocery store known for its bare-bones approach to keeping costs low . Workers stock products on shelves in their cardboard packaging or on the pallets they arrived in, saving time and labor, and workers don''t bag groceries either.