The younger generation looks to grocery retailers and foodservice operators to make their dining choices easier for them, and they’re more likely to be drawn to meal kits, restaurant and grocery home delivery options and on-the-go foodservice than older demographics.
read moreWalmart was named number one on the Top 20 Food Retailers list, while The Kroger Co., Walgreens Boots Alliance, CVS and Costco Wholesale Club rounded out the top five, reported Winsight Grocery Business (July 17). The top 20 list was based on Kantar Consulting Sales data and included 10 traditional grocery...
read moreUnited Natural Foods Inc. (UNFI) entered into a definitive agreement to acquire Supervalu Inc. for approximately $2.9 billion on July 26.
read moreNestle and The Coca-Cola Co. maintained the top positions in food and soft drink brand value rankings, according to Brand Finance’s Food & Drink 2018 report.
read moreAs Hispanics become the fastest-growing ethnic group in the U.S., the demographic’s buying power grows, as well. In 2015, Hispanics made up 17.6% of the population, while the cohort’s buying power grew to $1.4 trillion the next year. By 2065, Hispanics will account for one quarter of the U.S....
read moreBlack Friday used to be the biggest shopping day, and then came Cyber Monday, but now one day has surpassed them both - Amazon Prime Day.
read moreIn 2017, if you told me that salads and lettuce were one of the healthiest foods, you'd have no argument from me. Fast forward to 2018, and I may have to disagree.
read moreThe mobile foodservice market is expected to grow by nearly 10% through 2022, and will likely be driven by the rising popularity of food trucks, according to a report by Technavio.
read moreWhile the restaurant sector is projected to make $799 billion in annual sales, major restaurant chains are facing challenges from smaller, independent operators as well as grocery stores that now offer prepared foods.
read moreLidl’s entrance into the U.S. has been well received by consumers, notably those who are usually loyal to an incumbent grocer, as well as the younger demographic. While 46% of customers say their primary reason to shop at the chain is either good quality, good promotions or fresh products, 39% cite low prices, according to a survey from consulting firm Oliver Wyman. Younger customers were found to value quality almost as much as low prices when it comes to grocery...
read moreDarden’s same-restaurant sales overall for the quarter increased 2.2%, as the company reduced its dependence on promotional events and looks to integrate Cheddar’s into the company.
read moreUSDA officials unveiled details regarding the Wildfires and Hurricane Indemnity Program (WHIP) at meetings in Florida the week of July 2. The program, which will include about $2.6 billion worth of funding, is expected to help the state's citrus producers that are dealing with the aftermath of Hurricane Irma, which struck the state Sept. 10 and Sept. 11, 2017, reported
Activist investors have been pretty active these past few days, particularly looking for food companies to sell or restructure their businesses.
read moreThe fast casual channel continues to thrive, with store openings helping prompt 6% growth annually over the past five years, while the overall U.S. restaurant industry deals with a drop in customer visits, according to The Npd Group’s Fall 2017...
read moreIt looks like Chipotle is back in a big way.
read moreIn an escalating trade war, it would appear the cavalry is en route for U.S. agricultural producers.
read moreMeal kit company Chef’d ceased operations July 16 and customers were reportedly not able to place orders, reported Business Insider (July 18).
read moreThe grocery industry is feeling the impact from intensifying competition, and Fresh Market, which will close 15 underperforming locations nationwide, is no exception, reported Charlotte Observer (July 9).
read moreAmid a sea of new warning labels added to food products to increase transparency and help consumers make healthy decisions, California has waged its own war on a whole host of products, under the guise that they may cause cancer.
read moreConagra Brands hopes its upcoming $10.9 billion acquisition of Pinnacle Foods will help it become a food company of the future.
read moreChanging the Nutrition Facts label is just the latest step food companies are taking to maintain or restore consumer trust in their products, according to analysis from Rabobank. While the nutrition label changes won’t go into effect until Jan. 1, 2020, for larger firms and Jan. 1, 2021, for smaller companies, the rollout of mandatory menu calorie counts in May is...
read moreThe supermarket industry is changing rapidly, and independent grocers are no exception. Independents are used to being challenged by big chains and discount warehouses, but now they must deal with a new wave of competition from e-commerce, home delivery and meal kits, as well.
read moreThe U.S. Grocery Shopper Trends study from the Food Marketing Institute looked at the roles that brick-and-mortar stores and e-commerce play for the consumer.
read moreWhile some state and local governments have enacted a higher minimum wage in recent years, another round of hikes July 1 by several states and cities is putting even more pressure on local businesses.
read moreMore information on the possible cause of the recent romaine lettuce E. coli outbreak has been brought to light, as several samples of canal water in the Yuma, AZ, area were found to contain E. coli O157:H7, a genetic match of the strain that caused the...
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