8/1/2023 0 Comments Giant eagle app 50 centsWeinstein said Giant Eagle has noticed gas prices have already changed purchasing patterns. "Rising fuel prices were on our mind as we made this change," he said. It recently waived the expiration date of rewards, too, he said. ![]() To nudge customers to sign up, the grocer is offering 10 cents off each gallon of gas bought from its pumps for the first 90 days, said Justin Weinstein, vice president of customer experience. One of the cornerstones of the program is rewards that customers can redeem for dollars off groceries or gas. The privately held grocer has 200 supermarkets and 270 convenience stores with gas stations in Pennsylvania, Ohio, Indiana, Maryland and West Virginia. Starting last week, cashiers at Giant Eagle grocery stores began promoting the company's loyalty program at the checkout. While the higher price at the pump is a burden on consumers, some retailers see an opportunity to seize a larger share of households' budgets. Some economists have warned about the risk of a recession, even as unemployment remains low and job openings outpace people to fill them.Ĭompanies, such as Macy's, have acknowledged that they will have to compete for discretionary dollars as some consumers decide between buying a new outfit, booking a vacation or going out to dinner. The war in Ukraine has injected additional uncertainty about consumer mindset. Over the past two weeks, an uncertain economic backdrop has spurred analysts to downgrade some retailers' stocks and upgrade others. Retail sales in February fell shy of expectations, signaling that consumers' pace of spending may be slowing down.Įven before the March retail data are released, however, there are growing worries about the state of the consumer. Retailers will get fresh clues about how consumers are responding to those prices Thursday morning, when the Commerce Department reports retail sales from March. It is more of a burden in low-income households, where the percentage can rise to as much as 20%. In California, for example, an average gallon of gas rang in at $5.748 as of Tuesday, according to AAA.Ĭonsumers spend about 4% to 6% of their monthly expenses on gas, Kapfidze said. In some Northeast and West Coast states, gas prices are even higher. It has dropped off to an average of $4.098 as of Tuesday, but that's still a significant increase from the $2.863 average a year ago. The national average for a gallon hit $4.331 on March 11, the highest price on record, according to AAA. Gas prices are just one of the everyday costs that have jumped as inflation hovers at an approximately 40-year high. So far, she said, customers have responded with surprise and gratitude as they get more for their money. Woodward said the Charlotte-based company's customer is typically a blue-collar worker who "cares about the food they feed their families and how to stretch their dollar." She said the fast-food chain seized the opportunity to show it is tuned in to customers' concerns. "It is something that really hits at the heart of how people go about their lives, and I think that's why its resonating with our customers."īojangles began handing out $1 million in gas gift cards last week at company-owned restaurants and franchises, many of which are in states in the South especially hard hit by inflation. ![]() "We are an automobile economy," said Jackie Woodward, Bojangles' chief brand and marketing officer. ![]() Grocers, including Kroger and Giant Eagle, are touting fuel programs that turn customers' grocery spending into a lower price per gallon. Warehouse clubs, including Walmart -owned Sam's Club and BJ's Wholesale, have rolled out special promotions to emphasize cheaper gas as a key membership benefit. Personal Loans for 670 Credit Score or LowerĬompanies are dangling gas-related perks as Americans feel pain in the pump and some start to make choices about where to trim back the budget. Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit
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