Carrefour, which has more than 12,000 stores globally, did not immediately respond to The Washington Post's request for comment. Food prices in France rose more than 7 percent year-on-year in December. Retailers in the US have also struggled with suppliers to lower food prices. Grocery stores in the region are smaller, leaving less noticeable holes on the shelves, he said, and European consumers are already more inclined to buy stores' private brands. The company aims for its private labels to represent 40 percent of food sales in 2026 – up from 33 percent in 2022.

Source: Washington Post January 05, 2024 14:13 UTC