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.
Blackwells Capital LLC is pushing Supervalu to make several moves to increase shareholder value, after nominating six candidates to the company's board. Among its suggestions were a sale or spin-off of the retail segment, transforming Supervalu into a pure-play wholesale business, or a sale or merger of Supervalu's wholesale business. Full Story
Easter spending is expected to total $18.2 billion in 2018, with $5.7 billion of that being spent on food, according to data from the National Retail Federation and Prosper Insights & Analytics. This year's spending is slightly less than the $18.4 billion spent in 2017, but the second-highest level on record. Full Story
Amazon is searching for bigger Whole Foods Market locations that can serve as grocery stores and distribution centers for online orders, according to a person familiar with the matter. The company wants to convert parking lot areas into stalls for Amazon delivery contractors to load orders and has reportedly asked one of its landlords to create the stalls at some stores, reported Bloomberg. Full Story
Panera Bread's refrigerated soups exceeded $100 million in retail sales in 2017, growing nearly 27% for the year. The company attributes the growth to its commitment to 100% clean food. Its broccoli cheddar soup is the top seller across its restaurants and grocery retailers, reported St. Louis Business Journal. Full Story
Sources claim Target and Kroger are discussing a possible merger, reported Fast Company. Meanwhile, CNBC reported the companies were not in merger talks, but met regarding a Shipt partnership, according to people familiar with the matter.
ShopRite rolled out a line of Chef's Menu meal kits across its six-state footprint. All of the meals meet USDA-recommended dietary guidelines and have been approved by ShopRite's corporate and in-store dietitians, reported Progressive Grocer. Full Story
Upper Saddle River, NJ - Food industry M&A hit a record total in 2017, reaching its highest point in over 15 years, according to The Food Institute’s recently released Food Business Mergers & Acquisitions 2017 report. Total deals for the year climbed to 591, moving well past 2016's high of 505 deals, but still remaining under 1999's record 813 deals.
Many customers and suppliers of Whole Foods Market have been voicing their concerns about the company since its acquisition by Amazon. There has been worry that some of the new policies implemented by the chain will hurt their sales or impact the shopping experience.read more
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