I'm not surprised. K shaped economy, any sector that isn't high tech / AI is stagnant. It's rough out there. I've been saying since Covid, retailers have figured out some consumers aren't as price sensitive as previously thought. WholeFoods doesn't need to cut prices, but the lower tier grocery stores will really feel the cutbacks.

In NYC Amazon fresh is cheaper than most of the grocery stores, except maybe some things like frozen food in Trader Joe.

We simply stopped buying food in the grocery store across the street: Amazon fresh on many positions can be like 50% cheaper.