FRIDLEY, Minn. — Family-owned grocery chain Mike’s Discount Foods is seeing a bump in business as inflation continues to have food prices climbing month over month.
July Consumer Price Index figures showed food prices increased at an annual rate of 10.9 percent, the fastest rise since 1979.
Mike’s Discount Foods first opened in 1989, priding itself on selling the lowest prices on brand-name foods.
The business model allows it to sell groceries at deep discounts for several reasons:
- The food is near or past its “best if used by” date
- The item is seasonal or the packaging is dated
- The item is part of a store closeout
- The food was salvaged from truck wreck
- The food was mislabeled
- The food was part of a manufacturer overstock
The discount grocery chain is held to the same inspection and regulation standards by the government as grocery stores.
There are five stores in Minnesota with locations in Fridley, Anoka, Braham, Comfrey, Hilltop and its newest sixth location just opened last November in Princeton.
Tuesdays, customers can receive an additional 10 percent discount on their purchase.
For more information on Mike’s Discount Foods, click here.
For updates on products available click here.
