AGP Executive Report
Last update: 2 hours agoRetail Disruption: A cyber incident at Ahold Delhaize forced Giant Food’s website offline, though the chain says stores remain open. The parent also owns Food Lion, Stop & Shop and Hannaford. Prices and Tariffs: A New York Fed report found Trump’s tariffs lifted U.S. goods prices 2.9% through February, with clothing, coffee and tea, and furniture among the hardest-hit categories. High fuel costs add pressure, while analysts warn the proposed Russian diesel imports may not bring prices down quickly. Holiday Budgets: U.S. shoppers are expected to cut holiday spending by 5.5%, with value top of mind as consumer confidence weakens. Food Safety: The FDA announced a recall of Starfish Seafood Trio smoked salmon, halibut and trout in six states over possible listeria contamination; no illnesses have been reported. Separately, a Florida plant inspection found cockroaches on cheese equipment and flies on ready-to-eat products.
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