Latest news with #lowprices
Daily Mail
2 days ago
- Entertainment
- Daily Mail
Australia's 'most handsome grocer' sets hearts racing as women swoon over more than just his incredibly cheap fruits and vegetables
A fruit and vegetable store famous for its low prices has grabbed attention for a completely different reason, with women swooning over the handsome grocer. Skippy's Fresh Frootz at Victoria Point in Redland City, south-east of Brisbane, has become a viral sensation partly due to its crazy offers, such as five cent lemons. The greengrocer was started by Sam Eletri and his friend Chris Tonks-Foote back in 2018, while Mr Eletri's son Elijah Etri promotes the special deals on TikTok. Elijah appears to have given customers another reason to visit the fruit and vegetable store, with women falling head over heels in love with him. 'Ladies, can we all agree we're not going to Skippy's for the prices?' one said. 'Dude I'm 100 per cent sure everyone is going to Skippy's for the views not the prices,' another added. 'Oh hun, can you skip over me a couple of times? Here, Skippy,' a third said. 'God, he's handsome,' a fourth chimed in. One said she was happy for Elijah to have his 'way with me' while another joked they would gladly pay 'full price for Big Skip'. Loyal fans also noted in the latest video that Elijah appeared to be working out. 'Skippy's arms are getting bigger. Skippy's been working out,' one wrote. 'My short king,' a second said. In the latest video, the Adonis of the Aisle spruiked cauliflowers as big as his head for $1.99 as well as avocados for 99c, 1kg of onions for 99c and dozens of other fresh fruits and vegetables for a fraction of the prices seen at Coles and Woolworths. 'Prices you've never seen the supermarket - and you never will - happen here almost weekly at Skippy's Fresh Frootz,' he said. Skippy's Fresh Frootz has been gaining traction online since the company started posting videos in 2023, partly to expose the supermarket giants during the cost-of-living crisis. In one clip watched more than 2.3million times, Elijah promoted watermelon for just 9c a kilo, a fraction of the cost seen at major supermarkets. Elijah encouraged other Aussies to support local by shopping at independent stores. 'We aren't the only ones being competitive,' he said. 'Our prices are a bit more drastic, but other independent grocers are selling produce for cheap too. 'Aussies need to break away from convenience to challenge these major supermarkets doing the wrong thing. 'If more Aussies do that then more local business will open or thrive, and the major supermarkets will realise they can't get away with everything.' Perth to Sydney have pleaded with the company to expand to other states.
Yahoo
2 days ago
- Business
- Yahoo
There's A Reason Aldi's Meat Is Always So Cheap
If there's one thing Aldi is known for, it's the crazy low prices. Its meat, which is sold under the brand name Kirkwood, is no exception. Chicken breasts go for $3.99 per pound, thin-sliced ribeye steak (one of the best cuts of beef to buy at Aldi) is $9.99 per pound, and boneless pork chops are $4.69 per pound. So how can Aldi keep its meat prices so low? Turns out, there are lots of reasons. Some outlets claim it's because Aldi sources its meat locally. While Aldi hasn't said this directly, there's some evidence that backs this up. In a video released by the company, the Poultry Buying Director Scott Gerbec said that Aldi buys chicken from within the U.S., both at the regional and national level. Having multiple sources could help keep meat cheap. However, there's more to this than meets the eye. Aldi's U.K. branch has purchased meat from Hook 2 Park and Moy Park, which have historically mistreated their animals. The chicken provided at U.K. locations, for example, has been sourced from mistreated chickens that are bred to grow faster than usual, causing heart problems. In fact, there have been multiple accounts of mistreatment on Moy Park factory farms, in 2019 and 2022. In this instance, the meat is cheap because of its low quality. However, there are many other factors to take into account. Read more: 4 Deli Meat Brands To Buy And 4 That You Should Skip Aldi Foregoes The Butcher As far as beef goes, Aldi has one of the highest quality grocery store meat departments. It uses the same sources as other major U.S. retailers for its beef. Since 85% of beef comes from JBS USA, Tyson Foods Inc, Cargill Inc, and National Beef Packing Company, it's likely Aldi gets at least some of its supply from those companies. However, unlike other grocery chains, Aldi doesn't do the slicing or packaging in-house. Instead, it has the suppliers do that, which helps Aldi cut down on overall costs. This could trickle down and help make meat cheaper overall. Aldi (Mostly) Sells Store-Brand Products It's no secret that store-brand is usually cheaper than name-brand. Aldi is similar to Trader Joe's, which rarely sells name-brand products. It's likely cheaper to exclusively use products made by the company, rather than purchasing them. However, Aldi still sells some name-brand items; having intense competition with Aldi's significant store-brand presence can also lower product prices, including meat. Amy Pan, a professor at the University of Florida, told the Warrington College of Business Newsroom, "Store brands with intermediate quality serve as a credible threat to intensify upstream competition and induce better wholesale contracts in spite of their negligible sales." Aldi Has Low Staffing If you've ever been in an Aldi, you'll notice that the store has no baggers. The chain actually doesn't employ any, focusing instead on hiring speedy cashiers. This allows the chain to offer lower prices than competitors, since they have less people to pay. Aldi also hires less people across the board. The online consensus between former workers is that Aldi generally has an average of about four to six staff members working in the entire store per shift (though it varies depending on location). Aldi Has Frequent Sales In general, Aldi has weekly sales every Wednesday called Aldi Finds. Meat often finds its way onto the list, but it's not exclusive. The store also runs short, unique sales like the Get a Quarterback Sale, which includes everything for your Super Bowl party needs (that most likely involves meat). Otherwise, all of the chain's meat options go on sale a few days before it expires, and is marked off as much as 50% the day before the sell-by date. Read the original article on Chowhound. Solve the daily Crossword
Yahoo
18-05-2025
- Business
- Yahoo
Dollar General Is Rallying, but Are Investors Overlooking This Vital Growth Story?
Dollar General's stock price bucked the market malaise in 2025. The low-price retailer's strong performance makes sense, given economic concerns. Although Dollar General's business is positioned to benefit in some ways, there's one worrying "growth" issue to monitor. 10 stocks we like better than Dollar General › The S&P 500 (SNPINDEX: ^GSPC) has basically gone nowhere so far in 2025, but it has done it in an exciting way. The market's correction, however, didn't seem to have an impact on Dollar General (NYSE: DG) shares, which rose while the S&P 500 index was falling. At the time of this writing, Dollar General is up around 15% while the market is flat. Before you rush out and buy outperforming Dollar General stock, you need to understand this one overlooked "growth" story. Dollar General is, from a big-picture perspective, a retailer. But it is focused on selling products at low price points. Further, it targets less affluent markets that are underserved by larger retailers, notably big-box stores like Walmart and Target. The goal is to provide a mix of convenience and low price points for consumers. That said, it is important for investors to understand that low price points don't necessarily mean low prices. For example, at Dollar General, a person can buy a roll of toilet paper for a low price point. But each roll of toilet paper in a mega-pack from a big-box store might actually end up being a cheaper alternative. Dollar General is basically targeting customers who either can't afford the mega-pack, don't want to travel the extra distance to a big-box store, or both. Right now, Dollar General's business model is in favor on Wall Street. That's because its low price point model tends to do relatively well during periods of economic weakness. There have been concerns that the U.S. economy could fall into a recession in 2025 thanks to geopolitical and tariff issues. In many ways, it is understandable that investors would be interested in Dollar General right now. Its core lower-income customers will likely need to continue shopping at the store, while higher-income customers might trade down in the face of economic concerns. But there's an interesting story when you dig a bit deeper into Dollar General's business. The core of what Dollar General sells are, effectively, consumer staples items -- things like personal hygiene products, paper products, and food. In 2024, this category accounted for 82.2% of sales. The rest of sales came from seasonal goods, home products, and clothing, which accounted for 10%, 5.1%, and 2.7% of sales, respectively. This trio of categories is vitally important to Dollar General's bottom line because they have higher margins than the consumer staples products it sells. This is where the "growth" problem comes in. Consumer staples as a percentage of sales has increased from 79.7% in 2022 to the current level of 82.2%. The other three higher-margin categories have all fallen steadily over that time. This may seem like a small change, but retailers often live on very tight margins. And that's particularly true for a retailer selling to lower-income customers with a low-price point model. Dollar General's consumer staples sales have been growing, but because of this, its profit margins have been falling. The stock has followed along for the ride, as the chart highlights. Investors have turned to Dollar General as a safe-haven investment in a time of economic uncertainty, which makes sense. However, there are deeper issues here, as the company looks to turn its business around. It is cutting costs, focusing on adjusting its product mix, and upgrading its stores, all in an effort to improve performance. This is a long-term investment opportunity for the right kind of investor. But if you only own Dollar General because you think it will perform well in a recession, you might be missing the underlying "growth" story (increasing sales of lower-margin products) that is actually acting as a business headwind. Before you buy stock in Dollar General, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Dollar General wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target and Walmart. The Motley Fool has a disclosure policy. Dollar General Is Rallying, but Are Investors Overlooking This Vital Growth Story? was originally published by The Motley Fool
