Grocery Stores Feel Crunch of Fuel, Labor Costs Ahead of Memorial Day

Stew Leonard Jr., president and CEO of Stew Leonard's, said that customers are still buying food ahead of Memorial Day celebrations, but they're also complaining about the squeeze they feel when they go to the store. Leonard said that while he believes fuel prices will eventually come down once conflict in the Middle East is resolved, labor costs for the store will remain high, making it difficult to keep prices from going up. (Source: Bloomberg)