Big food retailers are shutting stores, while other big food chains have already announced plans to sell their food products at supermarkets.
The Associated Press found that big food retailers including Kroger, Safeway, Walmart and Kroger are closing, and other big-box retailers are also preparing to shut down, with some saying they’re closing because of rising costs.
A major problem facing retailers is the growing cost of living, which has led to an exodus of shoppers from smaller, more expensive stores, and some retailers say they can’t justify the cost of the products and are cutting back.
The AP surveyed more than 1,000 shoppers at grocery stores and other major retailers, as well as small food makers and other food retailers, to get a sense of what’s going on.
Walmart announced plans in March to sell its beef at Kroger stores.
Kroger said it plans to close all of its locations, including its California headquarters, as it struggles to find savings in its food and ingredient costs.
The Kroger announcement sparked widespread outcry in California, where Kroger is based, as did Kroger’s decision to sell products at Walgreens.
The grocery industry is seeing a dramatic rise in the cost to operate as consumers become increasingly dependent on coupons and discounts to pay for essentials like groceries and gas.
The AP found that food prices have been rising in some states for years, including in California.
Krogreens said it will cut its sales and other expenses by about $150 million, or 7 percent.
Kroger said in a statement that it has already closed more than 30 stores in California since January.
The company said the closure was necessary to ensure its business operations remain strong.
The company will continue to support Kroger and its suppliers, said the statement.
Walgreens, which was founded in 1912, is the nation’s largest grocery retailer and the largest discount retailer in the U.S.
Its announcement on Monday came after a year of steep declines.
Last year, Kroger posted a record $8.9 billion loss.
The U.K.-based retailer has been struggling to make money for years.
The rise in grocery prices is partly driven by the rising cost of raw materials like wheat and soybeans.
Walgreen said in its statement that the company is committed to keeping prices low for our customers.
The retail giant has also been struggling with the effects of a rise in imports, as its Asian operations are increasingly dependent upon them for their products.
Krogers Asian operations account for about 1 percent of its overall U.L.S.-based revenue, but its Asian customers account for more than 10 percent of the company’s U.T. revenue.
The U.N. Food and Agriculture Organization has warned that rising food prices could push countries into famine and lead to food shortages in some of the world’s poorest countries.