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.
Amazon will sever ties with several small delivery firms as it seeks to eliminate partners that don't meet its standards. The company will no longer partner with Bear Down Logistics, Delivery Force, and RCX Logistics, reported Seattle Times. Full Story (Sub. Required)
Blue Apron Holdings Inc. is exploring strategic options including putting itself up for sale, merging its meal kit business with other companies and raising more money. The company's customer count fell to 351,000 for the fourth quarter, down from 557,000 the year earlier. It also will close its facility in Arlington, TX, and consolidate production at fulfillment centers in New Jersey and California, reported The Wall Street Journal. Full Story (WSJ Subscription Required)
Price Chopper will invest more than $54 million in new stores and remodeling efforts in 2020. Efforts will focus on the expansion of fresh departments, including produce, foodservice, bakery, deli, and meat, reported KSHB Kansas City. Full Story
Walmart is attracting higher-income customers with its online grocery business, according to the president and CEO of Walmart U.S. The company is seeing pricier items like choice cuts of meat and organic fruits and vegetables in customers' virtual baskets, and once they buy groceries, those new or more affluent customers may purchase an item in another department of the store, reported CNBC. Full Story
Convenience stores in South Korea had higher operating profits than large supermarkets in 2019. The boom at convenience stores is attributed to an increase in single-person households, growth of the simple meal market, and the trend of convenience stores transforming into a lifestyle platform, despite the overall decline in offline distribution, reported Inside Retail Asia. Full Story
Upper Saddle River, NJ (February 11, 2020) - The Food Institute, a New Jersey-based news and market research company founded in 1928, is proud to announce the appointment of Richard Bei as Chief Operating Officer and Head of Data Science.
In our Feb. 3 issue, we reported on Fairway Market’s filing for Chapter 11 bankruptcy and the pending sale of up to five of its New York City stores plus distribution center to ShopRite owner-operator Village Super Market for $70 million. In this article, we delve deeper into the root causes of...read more
General Mills plans to drive continued cereal growth by offering products that have taste, convenience, and health benefits, while investing in brand building, reported CNBC (Feb. 18).read more
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