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.
Meal kit company Chef'd shut down its operations due to "unexpected circumstances with the funding for the business," according to the company's CEO. Chef'd alerted employees July 16 that it was immediately ceasing operations, and customers can no longer place orders on the service's website, reported Business Insider. Full Story
About half of consumers say hurdles in the sign-up process keep them from joining a loyalty program, according to a survey by Kobie Marketing. Specifically, 26% of those surveyed noted they would not sign up if companies require too much personal information, while 22% noted they would be deterred if it takes too long to earn and redeem points, reported Low Cards. Full Story
Walmart was named number one on the Top 20 Food Retailers list from Winsight Grocery Business and Kantar Consulting. Kroger, Walgreens, CVS and Costco rounded out the top five, followed by Albertsons, Ahold Delhaize, Publix, Target and Aldi. Full Story
Wegmans earned the top customer emotion score in the 2018 Temkin Emotion Ratings. H-E-B followed closely at 76%, Aldi at 75%, and Baskin Robbins at 74%. On average, supermarkets, earned the highest ratings at 68%, followed by fast food chains at 65%, and hotels and other retailers at 64%. Full Story
Poundworld will close another 40 stores in the UK, bringing the total number of location to be shut to 145. Deloitte is still looking for buyers for all, or parts, of the remaining business, reported BBC. Full Story
Hy-Vee voluntarily recalled spring pasta salad products due to potential salmonella contamination. The recall was initiated after approximately 20 salmonella illnesses were reported in connection with the product in Minnesota, South Dakota, Nebraska and Iowa. Full Storyread more
The Food Institute and asset solutions partner Harry Davis & Company are teaming up to deliver a free webinar on June 19 entitled “Understanding Your Assets: Expert Strategies for Food & Beverage Processors.” They will explore what value food manufacturers may be leaving on the facility floor, the basics of asset management, the various scenarios for valuing your assets, and a suite of strategies to maximize your assets’ value.
While 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 more
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