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0 0.000520426749934966 0.000520426749934966 0.000520426749934966 0.00164801804146064 0.00182149362477226 -8.67377916558688E-05 0.00190823141642813
Stock impact report

Cheap coffee is winning in grocery aisles — except when shoppers want Starbucks [Business Insider]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in An InMarket report found that consumers are favoring private-label coffees as prices rise. Although bargain coffee sales are booming, Starbucks beans remain a favorite splurge for shoppers. The Bureau of Labor Statistics reports that coffee prices have increased by over 41% year-over-year. Rising costs are prompting shoppers to opt for store-brand coffee, but brand loyalty is keeping Starbucks ahead in grocery sales for now. An InMarket report, released on Thursday, shows that consumers are increasingly favoring private-label coffees. The average share of private label spend rose from 19% in Q1 to 22% in Q3 this year, with store brand coffee purchases ranking #1 at club stores such as Costco and Sam's Club. However, Starbucks took the top spot at grocery and mass stores, such as Walmart and Target , and ranked #2 at club and dollar stores Show less Read more
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