Food companies are showing their appreciation for employees in several ways as 2020 comes to a close. Chipotle has paid out over $40 million in bonuses and assistance pay to employees during COVID-19, reported QSR …
The pet food industry has grown sales throughout the pandemic, with pet adoption and pet gifts on the rise as well, reported MarketWatch (Dec. 17). Pet food helped boost sales at General Mills during its …
With limited quantities of the COVID-19 vaccine available, many groups a seeking priority for their employees—including the food industry. Administration of the vaccine began on Dec. 14 in the U.S. with early doses being set …
After missing analyst forecasts in its fourth quarter earnings report, Post Holdings has made acquisitions to diversify its portfolio. The company reported net sales of $1.4 billion—a decrease of 2.2% over the last year and …
Uber customers in California will see higher prices for rides and food deliveries to cover new driver protections, reported CNN (Dec. 14). The flat fees, ranging from $0.30 to $2, will take effect on Dec. …
Despite reaching a sobering coronavirus milestone earlier this week, U.S. drug stores and grocers are increasingly optimistic that they will be able to support in-store COVID-19 vaccination efforts as supplies become available at their stores. …
The QuickChek acquisition by Murphy USA in a $645 million deal, capping off a string of convenience store acquisitions during the first half of December. QuickChek, which began its operations as a dairy delivery service …
Almost 40% of Americans plan to spend less on gifts this holiday season, according to a CNBC economic survey. The average U.S. citizen plans to spend $886, down 10% from a year ago, as the …
The coronavirus pandemic has caused 8,400 retailers and 110,000 restaurants to close across the U.S. this year, according to industry statistics, reported The Economic Times (Dec. 14). And even more closures could be on the …
Despite its unassuming appearance and a flavor described sometimes as subtle or muted, the avocado’s growth in popularity has been quite an attention grabber. Whether it’s the fruit’s superfood status, the rise of guacamole as …
Starbucks has recently made several notable updates to its business, including boosting its outlook, announcing planet-forward initiatives, more diversity on its board, and better pay for employees. In its latest financial release, Starbucks reaffirmed its …
Three leading meat-industry trade groups are asking U.S. governors to prioritize COVID-19 vaccine access for meat workers, reported Winsight Grocery Business (Dec. 9). The North American Meat Institute, the National Cattlemen’s Beef Association, and the …
DoorDash raised $3.4 billion in its IPO, making it the second highest IPO in 2020, according to Renaissance Capital. The IPO represents a year of massive growth for the food delivery company. In the first …
Some McDonald’s franchisees said they would raise prices on Happy Meals after the company revoked a longstanding rebate to subsidize the cost of toys, reported The Wall Street Journal (Dec. 8). In January, the company …
U.S. online grocery sales reached $8.1 billion during November, continuing a trend of more than $8 billion in monthly sales dating back to May, according to the Brick Meets Click/Mercatus Grocery Shopping Survey. The survey …
China has started buying U.S. supplies of soybeans from next year’s crop much earlier than usual, reported Bloomberg (Dec. 7). The world’s top importer is loading up on U.S. crops, including corn and soybeans, to …
More than 110,000 restaurants have closed permanently or for a long period of time throughout the U.S. as the industry is contending with the coronavirus pandemic, says the National Restaurant Association. The total, which represents …
Chick-fil-A filed a federal lawsuit accusing 16 poultry suppliers of inflating prices on billions of dollars of chicken that it bought, reported The New York Times (Nov. 6). The suit accuses the producers of violating …
Financing for large and mid-tier restaurant franchisees is back to near pre-pandemic levels, according to the head of restaurant finance for Mitsubishi UFJ Financial Group Brian Geraghty. Geraghty pointed out factors including aggressive loan terms, …
Grubhub released its 2020 Year in Food report, analyzing what foods were most popular with diners this year. Consumers turned back to comfort foods and caffeine to get through the pandemic, turning away from vegan …
Amazing breakthroughs in the world of food are becoming available to consumers daily. While plant-based food innovation is ramping up, another area gathering steam is cell-cultured meat production in labs. The Food and Agriculture Organization …
As COVID-19 continues to dampen sales at restaurants, some are trying a new strategy by opening in retail stores, which have profited from the pandemic. Hy-Vee Inc. is preparing to open its 20th Wahlburgers at …
Several major food companies have recently announced new better-for-the-planet initiatives. Nestle Nestle will invest $3.6 billion over the next five years in an effort to fight climate change and plans to halve its carbon emissions …
One trend to look out for in 2021 is the rise of global cuisines. With consumers mostly stuck at home, many foodies will look to get their travel fix at home through international flavors. “With …
While the pandemic continues, food delivery and ghost kitchens are gaining in popularity as 2020 comes to a close. Media company Thrillist is working with New York-based ghost kitchen company Zuul to open a ghost …
Neighborhood grocery stores will likely serve as major providers of COVID-19 vaccinations, reported The Wall Street Journal (Nov. 30). Supermarkets are working to secure storage materials for the vaccines, and other medical gear required for …
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 …
Several companies have recently made announcements regarding bonuses and hazard pay, following reports of retailers not sharing enough of their pandemic profit with their employees. Here are a few: Amazon After ending its $2-an-hour pay …
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 …
Tofurky sales are up 32% in 2020, representing its best Thanksgiving bump since 2017, according to Nielsen data. While the company is now 40 years old, it remains smaller than other players in the plant-based …
McCormick will buy hot sauce maker Cholula for $800 million, reported CNBC (Nov. 24). The company, which already owns the Frank’s RedHot and Old Bay hot sauce brands, reported an 8% sales increase its latest …
The National Retail Federation (NRF) expects holiday sales will rise in 2020 when compared to 2019 as consumers search for reasons to celebrate during the pandemic. The group forecast holiday sales in November and December …
Walmart has made several business moves recently that involve a delivery acquisition and a COVID-19 testing-related investment. Walmart acquired select assets of JoyRun in a bid to incorporate its peer-to-peer food and drink delivery service …
With about 25% of restaurant locations expected to shut in the U.S., there has been huge growth in digital sales during the pandemic, according to the Limited Service Restaurant Digital Maturity Benchmark, 2020 report from …
Despite rising coronavirus cases across the country, hazard pay for retail workers is not keeping pace. Industry observers say many retailers are not sharing enough of the profits they have earned during the pandemic with …
The year 2020 has been like no other in recent memory. The pandemic has left Americans with many new government-enacted laws which were instituted in order to keep people as safe as possible and they …
