The warnings at the French supermarket were already placed on 26 products that have shrunk in size but cost more despite raw materials prices cooling, according to Reuters.
"Obviously, the aim in stigmatizing these products is to be able to tell manufacturers to rethink their pricing policy," said Stefen Bompais, Carrefour's director of client communications, according to Reuters.
The move to add such labels comes ahead of contract talks with major brands, which are subject to start soon. Those talks are slated to end on Oct. 15, Reuters reported. A spokesperson for Carrefour told Reuters that the company has made "a concerted effort to compensate for increased costs by increasing efficiency as much as possible." we could not absorb ourselves in the form of price increases to our customers."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
French supermarket chain is using 'shrinkflation' stickers to pressure PepsiCo and other suppliersFrench supermarket chain Carrefour has slapped price warnings on products ranging from Lindt chocolates to Lipton Ice Tea to pressure suppliers such as Nestlé, PepsiCo and Unilever to cut their prices.
Read more »
French ambassador is being 'held hostage at the French embassy' in Niger, says MacronThe French ambassador to Niger and other French diplomats are “literally being held hostage at the French embassy,” according to French president Emmanuel Macron.
Read more »
Exclusive-Goldman Sachs terminated several executives in transaction banking -memo By ReutersExclusive-Goldman Sachs terminated several executives in transaction banking -memo
Read more »
Exclusive-SoftBank's Arm prices IPO at $51 per share-sources By ReutersExclusive-SoftBank's Arm prices IPO at $51 per share-sources
Read more »
China's Moutai launches boozy chocolates with Dove in diversification drive By ReutersChina's Moutai launches boozy chocolates with Dove in diversification drive
Read more »
Russian rouble steadies near 96 vs dollar on eve of rate decision By ReutersRussian rouble steadies near 96 vs dollar on eve of rate decision
Read more »