St. Paul grocery store struggles to keep prices down amid rising costs

In St. Paul, Minnesota, a local grocery store called Tim and Tom's Speedy Market has been creatively adapting to unprecedented price increases that have affected their business. The store, which has been serving the community for over 30 years under the leadership of second-generation owner Ted Spreigl, has seen significant changes in consumer behavior due to these rising costs. Customers are now gravitating towards essential staple items rather than indulgent snacks and sweets, reflecting the current economic pressures faced by many households. Spreigl emphasizes that raising prices is the last option he wants to pursue, as maintaining affordability for his customers is paramount. Instead, he has implemented over 350 sales in the store to attract shoppers and boost sales volume. By purchasing more private label products, which tend to be less expensive, he hopes to keep merchandise moving rapidly without overstocking items that may not sell. This strategic shift allows Spreigl to navigate the complex landscape of rising prices while trying to keep the store's offerings accessible to the neighborhood. An additional strategy employed by the grocery store is sourcing products locally, allowing them to avoid some of the persistent supply issues that many grocery chains are experiencing. For example, Spreigl buys eggs from a local Amish farm in Wisconsin, ensuring a stable supply that has proven beneficial to his business. This connection to local producers not only supports the community but also facilitates more consistent pricing amidst fluctuating market rates. As a small business owner, Spreigl is deeply committed to fostering a sense of community and believes that Tim and Tom's Speedy Market is more than just a grocery store; it is a vital part of the neighborhood where residents can come together. His focus remains on balancing the challenge of higher prices while fulfilling the need for affordable groceries. The ultimate goal is to navigate these turbulent economic times without losing sight of the community's needs and support.