• Albertsons said yesterday that its Q2 revenue was $16.5 billion, up from $15.8 billion during the same period a year ago, driven by a 1.5 percent increase in same-store sales. The company said that "digital sales increased 5%; on a two-year stacked basis digital sales growth was 248%."
• FMI-The Food Industry Association announced yesterday that as a founding member of the U.S. Coin Task Force, it "s encouraging all Americans to assist in increasing coin circulation this October during 'Get Coin Moving' Month to support their fellow citizens and businesses that rely on coins for everyday cash transactions. The Task Force, which includes representatives from the U.S. Mint, the Federal Reserve, armored carriers, coin aggregators, and financial sector and retail trade associations, was formed in July 2020 to identify and promote strategies to resolve the coin supply chain issues resulting from COVID-19-related disruptions to normal coin circulation."
In a prepared statement, Jennifer Hatcher, Task Force member and FMI Chief Public Policy Officer and Senior Vice President, said, “Our country is currently facing a coin circulation problem. In the food retail industry alone, 11% of all transactions are paid in cash. The best way to address the scarcity of coins impacting our business community and Americans reliant on legal tender for everyday purchases like groceries is to ‘get coin moving’ by spending or depositing the coins people have accumulated prior to and during the COVID-19 pandemic."
Would't it be simpler for everybody to just round up or down all their prices so that nobody has to worry about coins?