For many major retailers, the latest quarterly results tell a familiar tale: consumers are fed up with high prices, spending less, and commodifying their loyalty by taking the best deal right now, regardless of whose logo adorns their grocery bag or shopping cart.
Cava has intrigued investors, as CEO Brett Schulman has argued that Mediterranean food is the “next large-scale cultural cuisine category.”
The innovation is a key part of its commitment to eliminate or reduce plastics in packaging while scaling reusable and refillable systems.
The USDA is ramping up efforts to stem H5N1 avian influenza as the virus has spread to a third worker, and cattle in at least nine states,
Gen Z workers reported being less engaged with their jobs than all workers (81% versus 88%) and continue to drive the “quiet quitting” trend according to new research.
Active nutrition brands BellRing and Simply Good Foods are thriving after acquisitions, providing a roadmap to success for other brands, too.
“Gen Z is tapped in, and they see the negative impact alcohol can have on their lives,” said Michelle Houston, founder of the To Be Honest Beverage Company.
U.S. dollar sales for organic products approached $70 billion in 2023, marking a 3.4% increase YoY and setting a record for the sector.
When scanning a candy store in 2024, customers will notice a developing trend: freeze-dried products, apparently, are the coolest. Candies like Skittles and Jolly Ranchers can now be found in freeze-dried variations.
All of a sudden, $5 value meals are everywhere, from fast-food chains to major retailers. Industry insiders say the deals are simply a short-term solution, however.
The event’s exhibitors focused on foods, drinks, and equipment designed to help foodservice operators create unique taste experiences. Beyond offering crave-worthy fusion dishes and fun iced beverages, exhibitors offered a wide array of vending machines on the show floor.
What can seafood restaurant operators learn from the demise of Red Lobster? Andy Diamond, president of seafood franchise Angry Crab Shack, recently noted how operators can stay ahead of volatile market pricing to deliver value.
The most recent rising trend in retail is lowering one’s expectations of retail. This year, clothing companies tended to fall the worst, followed closely by QSRs, big box stores, and grocers, in that order.
The food-away-from home industry gathered in Chicago between May 18 and May 21 for the 2024 National Restaurant Association Show (NRA 2024).
Food prices are up; consumer confidence is down. Many QSRs and retail outlets reported losses in the last quarter. The Value Wars are here.
The so-called “anti-diet” movement aims to move people away from an obsession with weight loss and toward a healthier relationship with food.
Don’t look now, but Gen Alpha’s influence in the food industry is rising due to its increasing interest in cooking.
Retail giant Walmart is hardly moving like a lumbering incumbent, but rather at a pace more like that of a startup. That seems a terrifying prospect for the rest of the industry, said FI’s resident stock analyst.
Shopper experience in the physical store is often what truly differentiates the independent grocer from brick-and-mortar chain stores and online e-commerce competitors like Amazon. The right mix of products, priced right, offered in the right place, and services delivered by welcoming staff in a pleasant environment are essential to building sales and customer loyalty.
Many consumers feel they can’t win on cost alone – they also need an experience, or at least a decent reason to visit a brick-and-mortar store.
According to a new survey from Lending Tree, a staggering 80% of consumers now consider fast food a luxury because it’s so expensive.
Ajvar is a Yugoslavian relish that became popular after World War II. Made primarily from sweet bell peppers and eggplants, ajvar can be sweet (traditional), piquant (common), or scorching hot. Ajvar can be spread on bread or enjoyed as a side dish due to its thicker and more viscous texture.
At the 2024 BMO Farm to Market Conference, a few key themes emerged for the food, beverage, and agriculture sectors.
Researchers have created a way to make 3D-printed food, including cookies, out of plastic waste. It could be the answer to multiple global issues.
Restaurant automation reduces service time, increases consistency, and eliminates labor from the restaurants that use it.
Sweetgreen is leveraging regenerative agriculture to position its new grass-fed steak offering as climate-friendly. Can expanding these agricultural practices offset beef’s massive carbon footprint?
Functional chocolate is becoming a staple of health-conscious diets. Manufacturing the healthier-for-you chocolate often requires much trial and error, however.
Young adults are turning to drinks like cold brews and ube lattes as they seek self-care while partaking in “little treat culture.”
Soggy fields in western Europe and drought in Australia, Ukraine and Russia, coupled with Russia’s continued war on Ukraine, are curbing wheat production and shrinking global stocks to their lowest level in decades.
On Thursday, May 16, The Food Institute is taking over the headquarters of Hugo Boss in downtown Manhattan to discuss food, finance, and fashion.
Casey’s and Maverik are highlighting breakfast while Buc-ee’s and Rutter’s are leveraging increased square footage and store footprints to drive sales and steal market share away from grocers and retailers.
With grocery refrigeration space tight, manufacturers are looking at producing shelf-stable products to cut waste and improve profits.
What WK Kellogg has done in its first three quarters as a standalone business is both an important step in the right direction and a validation of a spin-off strategy, wrote FI’s resident stock analyst.
Despite persistent challenges, vegan food market revenue is poised to reach $49.6 billion globally by 2032, growing at a CAGR of 11.8% during the forecast period.
According to retail insights company 84.51°, 27% of shoppers said they’re snacking multiple times per day, up 15% from 2023. Cheese is America’s favorite snack in 2024.
One thing that food industry consultants learn quickly is that public holding companies focus most of their resources on their Power Brands – the $1 billion+ revenue-generating giants whose slightest change in profit or topline …
