From Burt Flickinger's interview with MANDY L. WALKER of CONSUMER REPORTS: The high prices of (food and gas) can take an especially large bite out of your budget—but there are some great ways to save. “With store loyalty cards you can get special offers and additional savings not available to regular shoppers, and discounts from other retailers, sometimes including gas stations,” says Burt Flickinger III, managing director at Strategic Resource Group, a New York retail consulting company.
And don’t forget to peruse sale and regular prices on store-brand items: You can save 20 to 25 percent on store-brand foods and beverages, and 50 percent or more on health and beauty products and paper goods. Plus, Flickinger says, “Most grocery chains have worked with manufacturers over the past few years to really improve the quality of their private-label brands.”
“Seventy percent of a store’s business is done Thursday through Sunday, so stores are crowded and shelves get depleted,” Flickinger says. No matter which day, shop between 8 a.m. and 10 a.m., if possible. “The night crew will have restocked the store, so all the advertised specials will be on the shelves,” he says.
Strategic Resource Group is the lead retail and brand CPG consulting firm throughout the United States and the globe. With more than three decades of experience, our team strategically collaborates with top retail chains, wholesalers, suppliers, and investment firms. Our retail industry experts are highly skilled at illuminating retail trends, identifying opportunities to increase consumption, and growing retail sales.