According to IRI, a Chicago-based market research firm, supermarket sales for five selected products was down 1.24% for dollar sales while increasing 1.27% in unit sales for 52-week period ending Jan. 25. Dollar sales totaled $2.28 billion for the time period on unit sales of 1.38 billion. Canned tuna had the largest sales of $1.67 billion, down 1.66% while unit sales rose 1.21% to 1.08 billion for the time period. The supermarket sales category with the largest growth in both dollars sales and unit sales was canned salmon. A total of $226.5 million was sold for the year on unit sales of 82.6 million, up 6.54%.
Clams and clam juice both had decreases in dollar and unit sales. A total of 24.9 million units of clams were sold for $48.0 million, down 3.8% and 2.74% respectively. Clam juice decreased 3.65% in dollar sales ($10.5 million) and 3.71% in unit sales (4.7 million).
The Kroger Co. and UK-based Ocado signed an exclusive partnership agreement, bringing the Ocado Smart Platform to the U.S. for the first time. As part of the agreement, Kroger will increase its existing investment in Ocado by 5%. Ocado will partner exclusively with Kroger in the U.S., enhancing Kroger's digital and robotics capabilities and helping expand its coverage area.read more
Business is never easy, and those undertaking the rigors of bankruptcy proceedings know this struggle all too well. Here at the Food Institute, we currently have our eyes trained on four food industry bankruptcies.read more
James covers markets for the Food Institute, including the canned vegetable, frozen vegetable, tomato products, processed fish, dried fruit, nuts and juice and concentrate sectors. A reporter and editor for 21 years, James has worked as a writer and editor for North Jersey Media Group, an associate editor at Rodman Publishing and a production editor for the Daily Racing Form. James can be reached by email at email@example.com or by phone at 201.791.5570 ext. 227.
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