{"id":12441,"date":"2023-09-16T09:14:50","date_gmt":"2023-09-16T09:14:50","guid":{"rendered":"https:\/\/prosfunds.com\/business\/french-supermarket-chain-is-using-shrinkflation-stickers-to-pressure-pepsico-and-other-suppliers\/"},"modified":"2023-09-16T09:14:51","modified_gmt":"2023-09-16T09:14:51","slug":"french-supermarket-chain-is-using-shrinkflation-stickers-to-pressure-pepsico-and-other-suppliers","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=12441","title":{"rendered":"French supermarket chain is using \u2018shrinkflation\u2019 stickers to pressure PepsiCo and other suppliers"},"content":{"rendered":"
\n

\n French supermarket chain Carrefour has slapped price warnings on products ranging <\/strong>from Lindt chocolates to Lipton Ice Tea to pressure suppliers such as Nestl\u00e9, PepsiCo and Unilever to cut their prices.\n <\/p>\n

\n Carrefour is putting stickers on products that have shrunk in size but cost more even though <\/strong>raw materials prices have eased. It is trying to rally consumer support as retailers prepare to face the world\u2019s biggest brands in negotiations due to start soon and end by October 15.\n <\/p>\n

\n \u201cObviously, the aim in stigmatizing these products is to be able to tell manufacturers to rethink their pricing policy,\u201d Stefen Bompais, director of client communications at Carrefour, said in an interview.\n <\/p>\n

\n Carrefour CEO Alexandre Bompard, who also heads French retail industry lobby group FDC, has repeatedly said consumer goods companies are not cooperating in efforts to cut the price of thousands of staples despite a fall in the cost of raw materials.\n <\/p>\n

\n In this he is backed by French finance minister Bruno Le Maire, who in June summoned 75 big retailers and consumer groups to his ministry urging them to cut prices. After a new round of meetings last month, Le Maire said Unilever (UL), Nestl\u00e9 and PepsiCo (PEP) were among companies not toeing the line on prices.\n <\/p>\n

\n Since Monday, Carrefour has marked 26 products in its stores in France with labels reading, \u201cThis product has seen its volume or weight fall and the effective price by the supplier rise.\u201d\n <\/p>\n

\n For example, Carrefour said a bottle of sugar-free peach-flavored Lipton Ice Tea, produced by PepsiCo, shrank to 1.25 liters (0.33 gallons) from 1.5 liters (0.3 gallons), resulting in a 40% effective increase in the price per liter.\n <\/p>\n

\n Guigoz infant formula produced by Nestl\u00e9 went from 900 grams (31.75 oz) to 830 grams (29 oz), while Unilever\u2019s Viennetta ice-cream cake shrank to 320 grams (11 oz) from 350 grams (12 oz).\n <\/p>\n

\n Lindt\u2019s \u201cchocolat au lait extra fin\u201d was one of three of the Swiss chocolatier\u2019s products named in the list.\n <\/p>\n

\n \u201cLindt & Spr\u00fcngli increased its prices groupwide <\/strong>on average by 9.3% in line with local cost structures,\u201d a company spokesperson told Reuters. \u201cWe have made a concerted effort to compensate for increased costs by increasing efficiency as much as possible. Therefore, we have only passed on the costs we could not absorb ourselves in the form of price increases to our customers.\u201d\n <\/p>\n

\n PepsiCo did not respond to a request for comment. Nestl\u00e9 and Unilever declined to comment.\n <\/p>\n

\n Consumer groups say \u201cshrinkflation\u201d is a widespread practice, which supermarkets like Carrefour are also guilty of in their private label products.\n <\/p>\n

\n France, like other European countries, has been trying for months to ease consumer pain in the face of a surge in the cost of living, strong-arming big business to freeze or cut food and transport prices \u2014 with mixed results.\n <\/p>\n

\n The shrinkflation warnings are in all French Carrefour stores, and will last until the targeted suppliers agree to price cuts, Bompais said. The retailer could extend warnings to other goods, but does not plan to extend the initiative to other countries.\n <\/p>\n

\n Le Maire said last month that consumer goods companies and retailers had agreed to bring forward annual price negotiations \u2014 which would normally have taken place next year \u2014 to September. The talks will result in price cuts from January, he said.\n <\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

French supermarket chain Carrefour has slapped price warnings on products ranging from Lindt chocolates to Lipton Ice Tea to pressure suppliers such as Nestl\u00e9, PepsiCo and Unilever to cut their prices. Carrefour is putting stickers on products that have shrunk in size but cost more even though raw materials prices have eased. It is trying […]<\/p>\n","protected":false},"author":1,"featured_media":12442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-12441","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\nFrench supermarket chain is using \u2018shrinkflation\u2019 stickers to pressure PepsiCo and other suppliers | Prosfunds<\/title>\n<meta name=\"description\" content=\"French supermarket chain Carrefour has slapped price warnings on products ranging from Lindt chocolates to Lipton Ice Tea to pressure suppliers such as\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=12441\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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