Speed, experience and personalization stand out as three strengths that convenience stores have in the battle to attract consumer dollars, according to research from The Nielsen Co.
Category Archives: FOOD & BEVERAGE
Organic food sales in the United States increased by 8.4% in 2016 to reach $43 billion, marking the first time sales surpassed $40 billion, according to the Organic Trade Association’s industry survey released May 24. The 8.4% jump compared to an increase of 0.6% in overall U.S. food market sales.
Moody’s Investors Service sees carbonated soft drink consumption in the United States continuing to slide and some of that market share being replaced by what the service calls “alternative beverages.” Such beverages include ready-to-drink coffee and tea, energy drinks, organic juices, enhanced waters and functional beverages.
Whole Foods Market Inc named a new chief financial officer and five independent directors who were not on activist investor Jana Partners’ slate, in a dramatic shakeup as the high-end grocer seeks to boost dwindling profits and a sagging stock.
This week, a federal budget agreement passed that prevented a government shutdown. Part of that agreement has allocated $3 million to the U.S. Food and Drug Administration (FDA) for a new campaign–in conjunction with the U.S. Department of Agriculture–to educate consumers about foods produced with genetically modified organisms (GMOs).
As Coca-Cola Co. Chief Executive Officer James Quincey settles into his new job, he’s facing a challenge that most of his predecessors never worried about: digital disruption. Consumers are increasingly shopping online, spending more time on mobile apps, and getting groceries delivered to their homes. And that’s hitting Coca-Cola in ways you might not expect.
Walmart and Target try to win customer loyalty based on an “everyday low price” business model. And now it looks like the prices from both retailers are going even lower. Walmart sells more groceries than any other supermarket in America, and the company is pushing a broad price-cutting initiative to ensure it stays on top of the competition.
Kellogg announced about 2,000 jobs could be lost through its new distribution strategy, but it’s just the latest manufacturer to make this kind of a change.
As mandated by the Food & Drug Administration, the latest version of the redesigned Nutrition Facts label was unveiled Monday. Manufacturers with more than $10 million in sales are required to have the new label in place by July 26, 2018.
Dallas Fort Worth International (DFW) airport is adding to its cold chain storage facilities in response to the growth in pharma and perishables traffic. Expected to be operational this summer, the transfer facility will give DFW the ability to control warehousing temperatures for shipments of pharmaceuticals, flowers and fresh foods.