Food retailers have little time to keep on top of business intelligence. The Food Institute allows its retailer members to have more time taking care of the business by offering brief, concise and timely reports on the trends and developments they need to know about.
Weis Markets lowered prices on more than 7,000 products in every department. The company said the new pricing is part of its most ambitious price reduction program ever and a multi-million dollar investment, aiming to compete with other supermarket chains' everyday low prices, reported The Baltimore Sun. Full Story
Overall retail spending in the 2018 holiday season totaled $850 billion, reaching its highest level in six years and up by 5.1% from 2017, according to Mastercard's SpendingPulse and CBRE. Strong growth was driven by robust consumer sentiment, which reached its highest level since the 1999 holiday season, and low gas prices, which gave consumers more disposable income. Full Story
The vending machine market is predicted to surpass $30 billion in revenue by 2024 when worldwide industry shipments are anticipated to register more than 14% gains, according to Global Market Insights. The market is experiencing high growth due to a rise in the development of energy-efficient solutions by manufacturers that will help companies reduce their carbon footprint. Full Story
Amazon warned UK businesses trading through its online marketplace to prepare for a no-deal Brexit or risk not being able to sell to customers in the EU. The company told sellers in the UK a no deal "may temporarily prevent cross-border trade." To ensure sellers are ready, Amazon said they should consider sending stock to its European fulfillment centers by March 17, reported The Independent. Full Storyread more
December 20, 2019 (Upper Saddle River, NJ) - The Food Institute forecasts eating away-from-home sales growth will outpace at-home in 2019, according to its webinar "An Honest Look at 2019 Food Industry Trends.” Brian Todd, president of The Food Institute, predicts 5.1% growth for eating and drinking places in the coming year and 2.8% growth for food and beverage stores.
Nebraska lawmakers are set to consider whether the term “meat” should be reserved for meat and poultry products harvested from live animals.read more
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