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Stew Leonard’s Tips on Saving Money for Fourth of July
Bloomberg Television·2025-07-04 12:04

Holiday Sales & Consumer Sentiment - Retailers anticipate a busy 4th of July weekend, with customer sentiment appearing positive based on current buying behavior [1][2] - The industry notes uncertainty in the broader economy despite positive jobs numbers, with potential impacts from European tariffs on products like wine, champagne, olive oil, and cheeses [2][3] - The grocery sector observes consumer trends shifting towards infused sparkling waters and non-alcoholic beer [5][6] Cost-Saving Tips for Consumers - The grocery industry advises consumers to check propane tanks before holidays to avoid grilling disruptions [6] - Retailers suggest looking for in-store specials and freezing items to take advantage of sales [7] - The industry recommends consumers save money by preparing items like watermelon and guacamole themselves [8][10] - Retailers advise consumers to be mindful of impulse purchases from in-store samples [8] - The grocery sector assures consumers that prices are generally comparable to the previous year, estimating an average cost of $10 per person for a cookout [9] Concerns Regarding Publicly Owned Grocery Stores - The supermarket industry operates on thin margins, emphasizing the challenges of running a successful grocery store, including customer service, freshness, and competitive pricing [12][13] - The industry expresses skepticism about the government's ability to effectively manage grocery stores, citing the struggles of existing supermarkets in New York City [13][14]