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.
The grocery industry will witness steady, dependable growth over the next five years, according to CBRE research. Growth will be strongest across non-traditional and specialty formats and online grocery share will reach between 5% and 10% by 2022. Additionally, e-commerce growth will vary significantly between urban, suburban and rural locations. Full Story (Free Registration Required)
SpartanNash invested $18.3 million in 18 Family Fare stores throughout west Michigan to update the stores' branding. The chain unveiled a new logo and mission, with a focus on local products, affordability, sustainability and innovation. Full Story
Whole Foods Market will eliminate plastic straws from its stores in the U.S., the UK and Canada by July 2019. In addition, it switched to smaller plastic bags in its produce department and is replacing hard plastic rotisserie chicken containers with bags that use approximately 70% less plastic. Full Story
Lidl will to open 25 stores in Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia by spring 2020. In addition, it will close two stores in Rockingham and Kinston, NC. Full Story
Amazon will construct a 285,000-sq. ft. air cargo facility in Lakeland, FL, investing more than $100 million. The 20-year deal will allow Amazon to lease 47.2 acres at Lakeland Linder International Airport to construct a seven-jet cargo hangar, with an option to later expand on an adjoining 62 acres, reported The Ledger. Full Story
Upper Saddle River, NJ (April 3, 2019) - The Food Institute tallied 527 food industry mergers and acquisitions in 2018, down almost 11% from 2017’s record year, according to its annual Food Business Mergers & Acquisitions report. Manufacturers, investment firms and retailers were once again the largest segments, taking part in more than half of the deals for the...
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