Weak gift card sales could be an obstacle to full recovery for restaurant chains, reported The Wall Street Journal (Dec. 1). As COVID-19 cases rise, more restrictions are being placed on restaurants and less people …
U.S. consumers spent an estimated $9 billion this year on U.S. retail websites for Black Friday, according to Adobe Analytics, reported AL.com (Nov. 28). The spend represents a 22% increase over a record $7.4 billion …
Beyond Meat shares plummeted 22% in after-hours trading following the release of the company’s third quarter results, reported Yakima Herald Republic (Nov. 9). The company noted U.S. retail sales of Beyond Meat slowed in the …
Grocers’ COVID-19 gains with consumers could evaporate quickly in the year ahead, unless grocers refresh their approach to customer loyalty, according to a Bain & Co. report, reported CNBC (Nov. 9). The firm said that …
Land O’Lakes is selling record amounts of butter to consumers, with sales expected to reach 275 million to 300 million pounds in 2020, an increase of more than 20% from a normal year, reported Bloomberg …
The U.S. economy grew at a record pace in the third quarter, reported The Wall Street Journal (Oct. 29). It increased 7.4% over the prior quarter and at a 33.1% annual rate—recovering about two-thirds of …
Several CPG brands recently released quarterly earnings, displaying high demand for snacks and ingredients as consumers cook at home. PepsiCo Quarterly sales for PepsiCo grew by more than 5%, fueled by higher sales of …
Food Institute Focus – Campbell Wins Back Customers
Food Institute Focus – Most Americans Still Prefer In-Store Shopping
Food Institute Focus – Walmart Achieves Sales Increase in First Quarter
Food Institute Focus – Supermarkets Limit Meat Sales
Food Institute Focus – Supermarkets to See Flat Operating Margins
