'US retailers are entering a price war'
The Amazon/Aldi/Lidl effect? A 'slow and steady grinding down of prices and profitability over time,' says Bernstein
A 'Marlboro Friday' moment* (a huge overnight price cut) is not something most big US food manufacturers will contemplate as they seek to claw back the initiative in a rapidly evolving food retail market, say Bernstein analysts. Instead, we should expect...