Researchers found that food donations correspond to a 33% increase in profit margin. All major supermarkets and retailers that sell groceries, such as Kroger, Walmart, and Costco, give large amounts of food to food banks and pantries. In 2022, retailers donated close to 2 billion pounds of food across the United States, which amounted to $3.5 billion that year.
Similar Stories to Grocery Stores That Donate Expiring Food Make Higher profits on Bing News
The Conversation, Fast Company
Sat, 09/28/2024 - 6:00am
BING NEWS:
- Johnston, Providence Stop & Shop supermarkets to donate unsold food
Stop & Shop stores closing in Johnston and Providence are donating leftover food to organizations in the state.
10/31/2024 - 5:33 am | View Link - Grocery stores that donate expiring food − instead of price discounting or discarding − make higher profits
All major supermarkets and retailers that sell groceries, such as Kroger, Walmart and Costco, give large amounts of food to food banks and pantries. In 2022, retailers donated close to ...
10/31/2024 - 5:29 am | View Link - Grocery stores that donate expiring food
We found that stores that remove items on the brink of expiration, donate them to food banks and fill up the emptied shelf space with fresher inventory get more revenue from sales and earn higher ...
10/16/2024 - 2:10 am | View Link - More
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