Consumers Turning to Foodservice, Restaurant Deals in Early 2023
Consumers eating away from home were eyeing the best deal during the first quarter of 2023, reported Circana, formerly IRI and The NPD Group.
Unsurprisingly, consumers are looking to save a few bucks when they can amid inflationary pressures and higher food prices. During the first quarter of the year, customer visits to restaurants and foodservice outlets that took advantage of a deal rose by 8%, Circana analysis found.
The increase in visits of consumers looking to save some cash helped total commercial foodservice visits rise by...
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Restaurant Loyalty Program Points and Rewards Redemption Increased by 26%
Lingering inflation and higher food prices in the first quarter of 2023 had many foodservice consumers looking for a deal. Customer visits to restaurants and retail foodservice outlets that took advantage of a deal rose by 8% in the quarter ending March compared to a year ago, reports Circana, formerly IRI and The NPD Group. The increase in deal visits helped to grow total commercial foodservice visits by 1% over a year ago, a traffic gain after four consecutive quarters of flat or declining growth.
Although 73% of all foodservice...
Flashfood Releases First Impact Report: The State of Food Waste
Flashfood debuted its first annual Impact Report: The State of Food Waste at the ReFED 2023 Food Waste Solutions Summit.
Flashfood’s new report assesses the role of food waste in the current climate crisis and how reducing retail food waste could help the climate along with easing food insecurity.
Consumer perception is also a key focus in the report. It not only looks at the impact of food waste of the climate, but the “consumer appetite for Flashfood...
Royal Caribbean’s Icon of the Seas Debuting New Dining Lineup in Major Shakeup
When 2024 rolls around, Royal Caribbean International’s Icon of the Seas will roll out over 20 new ways to dine aboard the ship from elevated experiences to quick bits and venues for families.
The cruise line highlighted its new upscale Empire Supper Club, an eight-course experience, AquaDome Market – Royal Caribbean's first food hall – and Izumi in the Park, an all-day window with fresh sushi and more.
"The experiences had over great food are at the heart of so many...
Morris to Lead USPoultry
Nath Morris has been named the next president of U.S. Poultry & Egg Association (USPOULTRY) by the board of directors. He will succeed John Starkey, who will retire in August. Starkey will remain as advisor through the end of the year.
Morris has been serving as executive vice president - expo at USPOULTRY. He managed the International Poultry Expo (IPE), part of the International Production & Processing Expo (IPPE), and recognized by Trade Show Executive magazine as the 22nd largest U.S. trade show. He has been on the USPOULTRY staff since 2014.
Growing up in a poultry family in...
FCPT Announces Agreement to Acquire Up to 14 Darden Restaurant Properties for $85 Million
Four Corners Property Trust , a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, is pleased to announce the signing of a definitive agreement to acquire up to 14 Darden restaurant properties (13 Cheddar's Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of up to $85.0 million on initial cash rent of up to approximately $5.35 million.
The transaction is expected to close in the third quarter of...
Dollar Tree, Inc. Reports Results for the First Quarter Fiscal 2023
Dollar Tree, Inc. today reported financial results for its first quarter ended April 29, 2023.
“Our initiatives to drive customer traffic and increase store productivity are having the desired impact. The Dollar Tree segment delivered a 3.4% comp, successfully cycling the 11.2% comp from the prior year’s quarter. Family Dollar continued its sales momentum with a 6.6% same-store sales increase. Importantly, both segments experienced a mid-single digit percent step-up in comp traffic. We are clearly gaining market share across the entire enterprise,” stated Rick Dreiling, Chairman...
Grocery Shoppers Expand Perception of Value Beyond Price
The latest survey of grocery shoppers by FMI – The Food Industry Association for its U.S. Grocery Shopping Trends 2023 series, reveals that the meaning of “good value” is becoming more complex as consumers navigate
The analysis revealed several common considerations for how shoppers think about value, both for the food and beverages they buy and the stores and channels they choose to shop, as inflation, while slowly edging downward in April, persists. Emerging dimensions of value regarding quality, relevance, experience and convenience are bucking the long-held definition of value being...
Dollar General Promotes Steve Deckard to Newly Created Executive Vice President
Dollar General Corporation announced Steve Deckard has been named executive vice president, growth and emerging markets effective June 1, 2023. Deckard, who most recently served as senior vice president of emerging markets and led the company’s international expansion into Mexico, began his DG career in 2006 as a regional director.
“Over the past 17 years, Steve has played an important role in the expansion of our business, helping to further our mission of Serving Others both in the United States and now Mexico,” said Jeff Owen...
2023 IFIC Food and Health Survey Shows Americans Feel the Impact of Rising Costs
The International Food Information Council (IFIC) released its 2023 Food and Health Survey today, unveiling significant findings regarding Americans' eating habits and food choices.
The 18th edition of the annual survey reveals key consumer insights around the rising cost of food, stress and well-being, the influence of social media on food and nutrition decisions, evolving eating patterns, climate consciousness, and healthy labels as purchase drivers.
"The 2023 IFIC Food and Health Survey is a comprehensive snapshot of the complex factors that shape American food and...
Panera Brands Prepares IPO with Next-Generation Leadership and Board Appointments
Panera Brands Inc., which includes the iconic fast casual and hospitality brand Panera Bread as well as Einstein Bros. Bagels and Caribou Coffee, today announced the establishment of its next generation of CEO leadership and Board governance in preparation for its eventual IPO. Current CEO Niren Chaudhary will become Chairman of Panera Brands, handing the CEO reins to José Alberto Dueñas, currently President and CEO of Einstein Bros. Bagels, effective July 1, 2023. Former Starbucks CFO and Independent Director Patrick Grismer will become Chairman of the Audit Committee...
Saladworks Mixes Sweet and Spicy Flavors in their New Summertime Menu Items
Saladworks, the nation's leading fast-casual create-your-own salad franchise and part of the WOWorks family of better-for-you restaurant brands, is mixing sweet and spicy flavors in its new summer Limited-Time Only (LTOs) menu items. The new LTOs will add craft Hot Honey to several popular menu items during Q2, as well as bring back a guest favorite for the season, the Summer Berry Salad with their new Poppyseed Dressing.
The new featured menu offerings with a twist of sweetness and spice are available...
The Retail Rundown: Grilling Ads Galore
Spending on meat purchases for this year's Memorial Day cookout is expected to total $1.6 billion, according to WalletHub. For this week’s retail rundown, we’ll take a look at how this year's protein features compare to Memorial Day 2022.
Beef features climbed to the top spot with 27.3% of buying opportunities this week. Pork comes in second with 25% of total protein ad volume, closely followed by seafood with 24.6%. Chicken has 19.7% of total retail activity, up slightly from last week.
Starting with the beloved burger, ground beef prices are mixed. Circana data indicated that 74-84% lean ground...
Circana: Consumers Keeping Close Eye on Food Spending, Opting for Lower Cost, Value
Consumer insights firm Circana reported that U.S. consumers are managing higher food costs by shopping at value retailers and capping their spending on non-food purchases, among other methods.
Circana’s findings follow the April Consumer Price Index (CPI), which saw inflation moderate overall, but food prices rise by 7.7% between April 2022 and April 2023. Circana noted that alongside the rise in food prices, consumers are faced with credit debt, depletion of savings built during the pandemic and cutbacks on credits and...
BJ’s Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2023 Results
BJ’s Wholesale Club Holdings, Inc. today announced its financial results for the thirteen weeks ended April 29, 2023.
“We reported a record first quarter in net income and adjusted EBITDA, demonstrating the power of our business model and the warehouse club channel,” said Bob Eddy, President and Chief Executive Officer, BJ’s Wholesale Club. “We drove topline growth bolstered by robust traffic and share gains. We also made significant improvements on our merchandise margins largely due to waning supply chain pressures and...
Home Chef Celebrates 10 Years in Business with New Insights on Home Cooking, 'Greatest Hits' Menu
Kroger-owned meal solutions company Home Chef celebrated a decade in business with new insights into how U.S. consumers feel about home cooking.
Home Chef worked with Atomik Research in a survey of over 2,000 adults in the U.S. to explore sentiments around mealtime and to get a peek into what home cooking may look like over the next decade.
Here were the key findings:
- New adventure for your tastebuds: Many US consumers (67%) are willing to try new flavors and dishes. 78% of...
Kroger Grills up a Red, White and Blue Backyard Barbeque with Sizzling Savings
The Kroger Co., today shared red, white and blue menus specially curated for Memorial Day backyard barbeques, featuring grilling favorites, fresh sides and a dessert to be enjoyed around the campfire.
"Memorial Day is a special time to pay tribute to our incredible fallen heroes," said Rodney McMullen, Kroger's chairman and CEO. "Kroger is immensely grateful for the courageous men and women who have sacrificed for our nation and all our veterans and active-duty military personnel for their service and bravery. As families come together in...
Blaze Pizza Selects Qu as Unified Commerce Platform to Support Rapid Growth and Innovation
Blaze Pizza has chosen Qu’s unified commerce platform to enhance ordering and operational efficiency across the franchise system. Qu’s cloud-native system provides greater order accuracy and kitchen fulfillment, reducing the cost of labor and food waste. These advantages, along with extensive data collection, will allow for greater cost savings and a better user experience, ultimately supporting Blaze’s plans for rapid growth. The announcement was made at the Cota Connect summit in San Francisco, hosted by Qu investor Cota Capital...
Stock Futures Inch Higher as Talks on Nation's Debt Ceiling Continue
U.S. stocks are posting modest gains in early trading action Friday as talks on the nation's debt ceiling continue. The Dow Jone Industrial Average was last 0.2% higher while the S&P 500 was also up by 0.2%. The Nasdaq-100 was 0.05% higher as of this writing.
Through Thursday’s close, the Dow has gained 0.7% while the S&P 500 has added 1.5%. The Nasdaq-100 has advanced by 3.3% on the week so far on optimism that the U.S. could avoid defaulting on its debt ceiling.
“An actual breach of the U.S. debt ceiling would likely cause severe damage to the U.S. economy,” said the Council of Economic Advisors (CEA) in a blog released earlier this month...
Wakefern Expands Use of Freeosk Sampling Kiosks
Retailer-owned cooperative Wakefern Food Corp. will expand the use of Freeosk’s interactive multimedia sampling kiosks for turn-key, multisensory, in-store retail media activation.
After a successful pilot, Wakefern will place Freeosk units in 95 ShopRite and The Fresh Grocer stores. Freeosk said its product “transforms ordinary in-store spaces into discovery destinations for new products and categories.”
Freeosk campaigns generate a sales life of over 50%, with 70% of buyers being new to brand (NTB) and over 20% of converted shoppers repeat purchasing after the campaign, per Freeosk...
UB Consulting: The Foodservice Industry – Are We in a Bubble?
One word to describe the current state of the foodservice market would be “perplexing.”
Menu prices remain strong and increasing while the economy is slowing down. According to the latest consumer price index report, the food away from home index rose 8.6 percent year over year in April 2023. Despite the overall increase in the cost of living, as shown in the CPI figures, consumers are still dining out. At the same time, restaurant owners have incurred increased costs, including energy and wages, rightfully, justifying higher menu prices...
The Retail Rundown: Memorial Day Outlook; Assessing Proposition 12
Circulars are promoting snacks, beverages, and various protein items ahead of the approaching Memorial Day holiday—the first major retail event of the year. While burgers and hot dogs are popular choices for the holiday, other grilling items boast competitive prices this year.
Wholesale beef prices, which have come under pressure as of late but remain at the third highest levels for the current period, may influence feature volume and retail prices this Memorial Day.
Seafood features make up 35.1% of buying opportunities this week, overtaking pork at 23.7%...
ezCater Brings Wawa’s Signature Sizzli® Sandwich and Hoagies to Workplaces Across the Mid-Atlantic and Florida
ezCater, the most trusted provider of corporate food solutions, and Wawa Inc. today announced the launch of all Wawa locations on the ezCater marketplace. Now, workplaces can order Wawa’s signature breakfast sandwiches, like the Sizzli®, and hoagies, from 1,000 store locations across Pennsylvania, Delaware, New Jersey, Maryland, Virginia, Florida, and Washington, D.C.
“Thanks to this new partnership with ezCater, we now have the ability to reach more business customers with our fresh offers, perfect for breakfast, meetings, and corporate events...
HungerRush Survey Shows Restaurant Loyalty and Rewards Programs Significantly Increase Sales
HungerRush, the leading cloud software provider for the restaurant industry, today announced new research that reveals how restaurant loyalty and rewards programs impact consumer behaviors. The survey indicates that rewards programs increase the frequency of visits by members, improve customer loyalty, and provide restaurant owners with the opportunity to gather valuable data to personalize and tailor future offers.
Amid ongoing economic constraints, consumers are tightening the purse strings, and this is impacting how and when they dine out. In fact, in another survey (The RushReport: The 2023 Restaurant Consumer...
National Retail Federation: Consumers Engaged as Retail Sales Jump in April
The National Retail Federation (NRF) said retail sales bounced back in April, showing month-over-month and year-over-year growth.
“Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. “Moderating price levels, continued labor market strength and wage gains have increased consumers’ ability to spend. However, they remain cautious and concerned about the current economic environment. Retailers continue to provide competitive pricing and convenience to help cost-sensitive consumers stretch their budgets...
Checking In On Meal Kit Companies After Pandemic Boom
Meal kit companies were one of the winners during the pandemic. They provided convenience and a low barrier to entry as consumers ate more meals at home.
With everyday life largely back to normal, meal kit companies are trying to find their footing as restaurants and away-from-home eating return to pre-pandemic patterns.
Recent findings from Bloomberg’s Second Measure team found that customer retention has become a key hurdle for meal kit companies. After enticing promotional periods that companies like HelloFresh and Blue Apron offer, consumers often...
Trader Joe's CEO Announces Retirement
Dan Bane, Chairman and Chief Executive Officer of Trader Joe's, will retire effective July 2, 2023 (the company's Fiscal Year End). At that time, Bryan Palbaum will become the Chairman and Chief Executive Officer and Jon Basalone will be promoted to Vice CEO and President of Trader Joe's Company.
Dan Bane has been with the company for more than 25 years, the last 22 as the Chairman and CEO. During that period, the company has grown to be a national chain of 543 neighborhood grocery stores in 42 states, plus Washington, DC. Dan has championed...
CEO: Kroger 'Committed to Litigate' if Regulators Seek to Block Merger Deal
Kroger is prepared to fight regulators at the Federal Trade Commission, if they seek to block its $25 billion takeover of Albertsons, CEO Rodney McMullen told Bloomberg News on Wednesday.
In March, The Enquirer reported the massive deal could face harsher regulatory scrutiny in light of tougher antitrust regulators under President Biden.
McMullen told the news outlet that Kroger and Albertsons have been prepared for a court battle from the start.
"Usually you wouldn't commit in advance to litigate. In this case we both committed to litigate...
G. WIlli-Food International Reports First Quarter 2023 Results with a Record High Quarterly Sales
G. Willi-Food International Ltd., a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the first quarter ended March 31, 2023.
First Quarter Fiscal Year 2023
Denny's Fan Favorite Super Slam Returns for Big Classic Breakfast Around the Clock
Denny's, known around the world for its famous breakfast Slams, has brought back the Super Slam, America's biggest breakfast. The Super Slam, which is a featured item on Denny's "All Day Diner Deals" value menu, includes two buttermilk pancakes, two eggs cooked to order, two bacon strips, two sausage links, and crispy hash browns. Available now through June 20th for $7.99 ($9.99 in select markets), America's Diner, which is celebrating its 70th anniversary this year, has given their guests another...
What's Next for Massachusetts Question 3 Following Prop 12 Ruling?
The future of a Massachusetts state law called Question 3 (Q3), a 2016 ballot initiative originally set to go into effect last summer, remains in the balance now that Proposition 12 has been upheld.
Last week, the U.S. Supreme Court backed California's Proposition 12 in a 5-4 decision. Proposition 12 requires veal calves, breeding pigs, and egg-laying hens to be housed in systems that comply with specific housing standards.
Question 3 is similar to California’s Proposition 12 and would ban any uncooked whole pork sold in the state that...
Food System Stress Is Feeding Innovation and Investor Opportunities: PGIM Research
Vulnerabilities in our global food system have surfaced recently as the invasion of Ukraine, COVID-19 pandemic and climate change have disrupted the food supply — having a profound impact on food prices, monetary and fiscal policy, even political stability. However, these disturbances have also tilled the soil for much-needed innovation, and investors can play a major role in transforming the industry for the future, according to new research from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc...
Industry Reaction to Supreme Court's Proposition 12 Backing
On May 11, 2023, the U.S. Supreme Court backed California's Proposition 12 in a 5-4 decision. The law was first approved by California voters in 2018. Proposition 12 requires veal calves, breeding pigs, and egg-laying hens to be housed in systems that comply with specific housing standards.
Click here for a fact sheet on Proposition 12 as it pertains to pork and hogs compiled by Urner Barry's market reporters.
Last summer, the National Pork Producers Council (NPPC) and the American Farm Bureau Federation (AFBF) argued that Proposition 12 was unconstitutional...
Maple Leaf Foods Reports First Quarter 2023 Financial Results
Maple Leaf Foods Inc. today reported its financial results for the first quarter ended March 31, 2023.
"Although global pork markets continued in their dislocation during our first quarter as expected, we made excellent progress in important dimensions of this inflection point year," said Michael H. McCain, Executive Chair and CEO of Maple Leaf Foods. "Our supply chain has made exceptional progress back to full normalization, we have advanced our much-needed inflation pricing, we began taking advantage of our renewed access to the Chinese markets and continue to see...
AFS and Symbotic Announce Agreement to Implement Industry-Leading Warehouse Automation System
Associated Food Stores (AFS), a provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced they have entered into a commercial agreement to implement Symbotic’s A.I.-powered robotic warehouse automation technology in AFS’ Utah distribution center.
Symbotic’s end-to-end automation system, with robotic case pick capabilities, will allow AFS’ distribution center to improve a variety of retail-facing experiences, including overall supply...
US Foods Reports First Quarter Fiscal Year 2023 Earnings
US Foods Holding Corp one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2023.
First Quarter Fiscal 2023 Highlights
“We are encouraged by our start to the year as US Foods delivered...
Aramark Announces National Brand Agreement with Bean Sprouts to Offer More Healthy Food Options
Aramark, a global leader in food, facilities management, and uniforms has entered a new national brand agreement with Bean Sprouts, a hip and healthy national café chain with a unique and whimsical focus on children. The first location is operating at Children’s National Hospital in Washington, D.C., ranked #5 children’s hospital in the country by U.S. News & World Report, it was announced today.
“We are pleased to offer Bean Sprouts as an innovative retail option particularly for children and their families who are in the hospital...
Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2023 Results
Performance Food Group Company today announced its third-quarter and first-nine months fiscal 2023 business results.
“PFG’s three reportable segments continued to deliver solid results in the fiscal third quarter with accelerated organic case volume and favorable cost control producing strong profit growth,” said George Holm, PFG’s Chairman & Chief Executive Officer. “Organic independent restaurant case growth in our Foodservice segment increased by 8.3% in the quarter, reflecting market share gains. Vistar experienced excellent top and bottom-line results across its channels while our...
UB Consulting: How Volatile is the Egg Market Right Now?
Eggs have been a popular topic of conversation for some time now. Earlier this year, headlines highlighted the price surges consumers faced in retail. High Pathogenic Avian Influenza (HPAI) has played a significant role over the last year in prices, so much so that prices on the wholesale level reached record levels. Thus far, the market has experienced a massive correction post the Easter holiday buying season. Recent price swings have had many market participants labeling the last year or so as the most volatile market in history...
The Wendy's Company Reports First Quarter 2023 Results
The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the first quarter ended April 2, 2023.
"Our strong first quarter results build on the momentum we created in 2022," President and Chief Executive Officer Todd Penegor said. "We delivered our sixth consecutive quarter of double-digit global same-restaurant sales growth on a two-year basis driven in part by our compelling marketing programs, continued operational improvements, and the significant acceleration of our digital business. Our sales growth contributed to an over 250 basis point year-over-year expansion in...
Beyond Meat Reports First Quarter Results, Smaller Loss
Beyond Meat (NASDAQ: BYND) reported its financial results for its first quarter, showing net revenues were $92.2 million, down 15.7% from the year prior.
Founded in 2009 and based in El Segundo, California, Beyond Meat is a leading plant-based meat company that offers a variety of items designed to have the same taste and texture as animal-based meat.
Net revenues for U.S. retail and foodservice during the three months that ended April 1, 2023 were down 29.8% from 2022. Net international revenues, however, were up 30%, with a nearly ...
Pace of Foodservice Job Growth Slows, Industry Workforce Still Behind Pre-Pandemic Levels
Preliminary data from the Bureau of Labor Statistics (BLS) April showed employment gains in foodservice and drinking places of 25,000, which carried gains seen across the leisure and hospitality sector. Through the first quarter of 2023, the sector has added almost 180,000 jobs.
However, the National Restaurant Association’s chief economist Bruce Grindy said those gains were at a slower pace compared to what has occurred in previous months.
April’s increase followed moderate gains in February (45,400) and March (28,200) – both of which were revised lower from their...
Tabit Technologies, a Mobile First POS, and OpenTable Announce Partnership
Today, Tabit Technologies, a Mobile First POS, and OpenTable, a global leader in restaurant technology, announced an integration which streamlines front-of-house restaurant operations and enables restaurants to deliver more personalized hospitality for guests.
"This partnership with OpenTable marks a valuable opportunity for restaurant owners and operators to close the loop on their internal communication and create a better hospitality experience for guests," said Tabit Co-founder and President Nadav Solomon.
With the integration of Tabit and OpenTable technologies, restaurants have a wealth of information at their fingertips, creating...
The Retail Rundown: Grocers Look to Capture Mother’s Day Spending
In this week’s retail rundown, grocers are aiming to capture a portion of this year's red-hot Mother's Day spending.
According to the National Retail Federation’s Mother's Day annual survey, 84% of U.S. adults are expected to celebrate the holiday this year. Collective spending for the holiday is anticipated at $35.7 billion, surpassing last year's record high of $31.7 billion.
Of those celebrating, 60% of consumers are planning a special outing such as dinner or brunch. Mother's Day is traditionally a dining-out occasion, benefiting foodservice more than retail.
To compete with foodservice, retailers are spotlighting deals...
Dollar General Announces Supply Chain Growth
Dollar General today announced recent expansions in its global supply chain network including the opening of its first ground-up, dual facility in Blair, Nebraska and two permanent regional distribution hubs in Newnan, Georgia and Fort Worth, Texas. The Company also announced expansion plans in Jonesville, South Carolina and Amsterdam, New York at existing facilities.
“The recent additions to our supply chain network aim to provide greater efficiencies, create additional jobs and drive positive economic impact,” said Tony Zuazo, Dollar General’s executive vice president of global supply chain. “We’re excited to continue growing our...
Lineage Logistics Lands on CNBC Disruptor List, Named ‘Best Managed Company’
Cold chain solutions provider Lineage Logistics landed on the CNBC Disruptor 50 list and was named a ‘2023 US Best Managed Company’ in recent days.
Lineage snuck into the top 10 of the disruptor list for its work in “improving links in the cold chain, CNBC explained.
CNBC noted Lineage’s acquisition strategy that has led the company to grow tremendously over the years. The company has acquired over 100 businesses to become the top temperature-controlled logistics firm...
Meijer Looking Across the Globe for New Vendors for Frederik’s by Meijer Line
Retail giant Meijer is looking for food manufacturing partners to expand its Frederik’s by Meijer line that will be on the shelves at over 260 supercenters and grocery stores across Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin.
Prospective vendors should follow this link to submit their interest in a partnership. The retailer explained that by submitting information into the RangeMe system, vendors are making their products available for Meijer merchants to consider throughout the year.
The Frederik’s brand was launched in October 2021 and Meijer has...
Import Volumes to Sit Below 2022 for the Majority of the Year
The Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates showed import cargo volume at major U.S. ports rising from three-year lows in February.
Despite the uptick in imports, the report expects import volumes to remain well below 2022 levels heading into the fall.
“Consumers are still spending and retail sales are expected to increase this year, but we’re not seeing the explosive demand we saw the past two years,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Congestion at the ports has largely
Denny's Hires Restaurant Industry Veteran Alex Williams as Chief Operating Officer
Denny's Corporation today announced the appointment of Alex Williams as Senior Vice President, Chief Operating Officer (COO), reporting to Denny's President John Dillon. Williams brings with him decades of experience in the restaurant industry, having served in key operations roles with Starbucks, McDonald's, Outback Steakhouse, Fleming's Steakhouse and Moe's Southwest Grill."Alex possesses an impressive blend of operations expertise and restaurant industry credentials. As importantly, he is a collaborative, purpose-driven leader and has true passion for the Denny's brand," said Dillon. "Alex's role will be pivotal...
Ferraro Foods Announces Major Expansion of Long Island Distribution Business
Ferraro Foods, one of the country’s largest specialty distributors of food and foodservice supplies to Italian restaurants and pizzerias, announced a major expansion of its Long Island distribution business with the addition of a 230,000-square-foot warehouse and distribution center located at 80 Wilshire Blvd in Edgewood, N.Y., positioning the company to greatly increase its share of the world’s largest, most concentrated local pizza market.
Situated near several major highways at the geographical center of Long Island, which accounts for the largest sales volume of specialty Italian foods in...
Price of Groceries in the US has Grown 50% Faster than Overall Inflation since 2020
The line outside Boston's American Red Cross Food Pantry on a recent Saturday morning stretched the length of two football fields. The number of people filing into the redbrick industrialzone warehouse on some days now exceeds the worst periods of the pandemic economic crisis and in April it had the second highest monthly traffic since it opened in 1982, according to David Andre, the director.
His organisation, like food banks across the country, has been flooded with requests for help since foodstamp recipients were hit...
Uber Eats Works with Amazon to Bring Alexa Order Tracking to U.S. Consumers
Today, Uber Technologies, Inc. announced that consumers can now use their Amazon Echo devices to track the status of Uber Eats orders in the United States. This new integration unlocks real-time, hands-free order tracking for Echo users across the country.
The Uber Eats integration with Alexa gives consumers timely updates on critical points in the delivery process—starting when an order is being prepared through to when the driver is arriving, and when the order is delivered. Consumers can set how to receive updates. Alexa...
Alexa, Where’s My Uber Eats Order? Uber Teams with Amazon for Order Tracking
Uber announced that consumers can now use their Amazon Echo devices to track the status of their Uber Eats orders across the U.S.
Uber said the new partnership provides consumers with key updates on critical points in their delivery process. The updates begin when the order is being prepared and run through when the delivery driver is near and when they leave the food on the doorstep.
“Consumers can set how to receive updates. Alexa can announce...
Americold Reports 4.1% Decrease in Total Revenue for First Quarter 2023
Americold Realty Trust, Inc. released its first quarter 2023 financial results Thursday evening, revealing total revenue for the first quarter of 2023 was $67.5 million, a 4.1% decrease.
This was driven by decreases in the company's Third-party managed and Transportation segments, which were largely offset by growth within its Global Warehouse segment.
Core Funds from Operations (FFO) was $60.8 million, or $0.22 per share, unchanged from the year prior.
Adjusted Funds From Operations (AFFO) for the first quarter of 2023 was $79.9 million...
World Food Prices Rise for First Time In a Year
The United Nations food agency's world price index rose in April for the first time is a year, but is still some 20% down on a record high hit in March 2022 following Russia's invasion of Ukraine.
The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 127.2 points last month against 126.5 for March, the agency said on Friday. The March reading was originally given as 126.9.
The Rome-based agency said the April rise reflected higher prices for sugar, meat and...
Lineage Logistics Appoints New Chief Financial Officer
Lineage Logistics has appointed Rob Crisci as its Chief Financial Officer (CFO).
Crisci enters the role with two and a half decades of experience in financial leadership in both the industrial and technology sectors. He will report to Lineage President and CEO Greg Lehmkuhl.
Crisci’s most recent stop was with Roper Technologies (NYSE: ROP), a constituent of the S&P 500 and Fortune 500 that operates 27 independent businesses across multiple end markets, where he most recently served as the company’s Executive Vice President and Chief Financial Officer...
Giant Eagle Locking in Value for Customers by Lowering and Holding Prices on 800 Popular Items
Giant Eagle, Inc. announced today a new "Price Lock" on an expansive list of 800 high-quality items, including a wide variety of grocery essentials at all Giant Eagle and Market District locations and a selection of popular items at GetGo. Beginning May 4 through August 9, the "Price Lock" will reduce and control prices on these items by an average of nearly 20 percent.
"We are putting the customer at the center of everything we do," said Giant Eagle, Inc. Interim CEO Bill...
Sprouts Launches New Retail Media Network Powered by Instacart's Carrot Ads Solution
Instacart, the leading grocery technology company in North America, today announced that Sprouts Farmers Market, one of the fastest-growing specialty retailers in the country, is leveraging Carrot Ads - part of the Instacart Platform - to power its new retail media network. Carrot Ads helps retailers, like Sprouts, establish and grow their retail media networks on their owned and operated websites and apps.Brands can now combine the power of Instacart's robust advertising solutions with Sprouts' healthy approach to grocery shopping...
A Collaborative Data Agreement is Signed by Five Ports in California
A recent Memorandum of Understanding (MOU) agreement was signed with five ports in California including the ports of Los Angeles (number one in trade volume in 2022), Long Beach, San Diego, Oakland and Hueneme.
A statement from the Port of LA said the agreement is designed “to jointly advance computerized and cloud-based data interoperability with a common goal of supporting improved freight system resilience, goods movement efficiency, emissions reduction and economic competitiveness.”
The common goal of this MOU agreement is to support improved freight system resilience, goods movement...
USDA Announces Finalists for Twelve New USDA Regional Food Business Centers
Today the U.S. Department of Agriculture (USDA) announced the creation of 12 new USDA Regional Food Business Centers that will provide national coverage coordination, technical assistance, and capacity building to help farmers, ranchers, and other food businesses access new markets and navigate federal, state, and local resources, thereby closing the gaps to success. In addition, USDA also announced a $420 million Resilient Food Systems Infrastructure Program (RFSI) to fund innovative projects designed invest in processing and distribution capacity to build resilience across the middle of the supply chain...
Performance Food Group Pilots Electric Refrigerated Truck
Navistar, Great Dane and Carrier Transicold, part of Carrier Global Corporation, have collaborated to launch a commercial evaluation program using all-electric refrigeration technology on a battery-electric truck for sustainable, direct-emissions-free distribution of refrigerated and frozen food.
The technology will be featured at the Advanced Clean Transportation (ACT) Expo the week of May 1. PFG’s solution features Carrier Transicold’s ground-breaking Supra eCool™ electric truck refrigeration unit, an International® eMV™ Series battery-electric truck with a factory-installed ePower electrical system and a 22-foot...
Darden Restaurants Acquires Ruth's Hospitality Group for Over $700 Million
Darden Restaurants, the parent company of Olive Garden and LongHorn Steakhouse, has entered into a merger agreement with Ruth’s Hospitality Group.
The deal will see Darden acquire all the outstanding shares of Ruth’s for $21.50 per share in a fully-cash transaction with an equity value of approximately $715 million.
Darden said Ruth’s Hospitality Group, which owns and operates Ruth’s Chris Steak House, “will complement Darden's portfolio of differentiated brands which currently includes Olive Garden, LongHorn Steakhouse, Yard House...
The Chefs’ Warehouse Reports First Quarter 2023 Financial Results
The Chefs’ Warehouse, Inc., a premier distributor of specialty food products in the United States, Middle East, and Canada, today reported financial results for its first quarter ended March 31, 2023.
Financial highlights for the first quarter of 2023:
The Retail Rundown: Several Occasions to Boost Spending This Month
The calendar has finally changed to May and grocers are eager to capitalize on the warming trend as households begin to soak up the sun and dust off their grills.
This month has several occasions that help drive food purchases and store traffic—one being baseball season. Hot dogs, brats, beer, and more are a home run with fans with fans cheering on from home and in the stadiums.
Coming up this Friday is Cinco de Mayo, which is expected to increase ethnic food purchasing. The deli-prepared section of the store benefits from this celebration by featuring entrees like quesadillas and tacos in the days leading up to the holiday...
SpartanNash Welcomes Binu Varghese as Vice President, Applications and Data
Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the hiring of Binu Varghese as Vice President, Applications and Data, effective immediately. An experienced technology and product leader, Varghese joins SpartanNash from Carrier Corporation in Atlanta, where he served as Global Director of Data, Analytics and Artificial Intelligence.
"One of our core capabilities at SpartanNash is insights that drive solutions. Our IT applications and data play a critical role in our customer experience, enabling innovation and efficiency for the customers we serve," said SpartanNash Executive Vice President and Chief...
Subleases Available for 10 Sprouts Farmers Market Stores
Ten Sprouts Farmers Market locations in five states are available for sublease by grocers and other large-format retailers, announced A&G Real Estate Partners, which is marketing the locations on behalf of Phoenix-based Sprouts.
Sprouts continues to open new stores across the country and closed these particular locations—in California, Florida, Georgia, Texas and Washington—as part of its overall strategic plan for real estate portfolio optimization, noted Joe McKeska, an A&G Principal and leader of the firm's grocery and restaurant industry practices...
Corn Plantings 26% Underway, on Par with 5-Year Average
In the USDA’s latest Crop Progress report, corn plantings were reported at 26% complete during the week ending April 30, up from 14% the week prior.
Corn plantings are on par with the 5-year average. North Dakota is the only state that has yet to get on the board this planting season. Most states report plantings ahead of their respective 5-year average rates.
Corn emergence was reported at 6%. This compares to the 5-year average of 5% at this time and year-ago progress of 3% this week. Emergence in Texas is at 65%, while North Carolina reports corn at 48% emerged. Both are above their average emergence rates. Missouri corn is 31% emerged, while Kentucky and Tennessee report 24% and 23%, respectively.
Corn futures are flat to slightly firmer so far Tuesday morning...
Americold Files Current Report With SEC, Citing Cybersecurity Incident
Cold storage company Americold filed a Form 8-K with the Securities and Exchange Commission (SEC) last week, detailing a cybersecurity incident that impacted the company's operations.
Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should be informed of.
According to the filing, Americold on April 26, 2023 “began to receive evidence that its computer network was affected by a cybersecurity incident. The Company immediately implemented containment measures and took operations offline to secure its systems and reduce disruption to...
Urner Barry Presents Historic Awards at Executive Conference
Additionally this year, two Rising Stars were recognized to highlight young talent in the industry
The 47th annual Executive Conference is underway at The Venetian in Las Vegas. Urner Barry is proud to host industry executives from far and wide once again in 2023. Day one kicked off with opening remarks from Urner Barry Vice President Russ Whitman, followed by Doug Rauch as the morning’s keynote speaker.
Each year, Urner Barry recognizes two exceptional individuals for their work and service to the industry—the Poultry Person of the Year and the Egg Person of the Year. The award ceremony took place on the heels of the keynote address as colleagues and associates applauded the honorees.
The 2023 Egg Person of the Year was awarded to...
Executive Conference: Doug Rauch on Building a Culture of Innovation
It’s day one at Urner Barry’s Executive Conference in Las Vegas. This morning’s Keynote presentation featured Doug Rauch on building a culture of continuous innovation.
Doug Rauch worked at Trader Joe’s for 31 years, during the last 14 acting as the business’s President. He helped grow the grocery chain from nine stores in Southern California to a nationally acclaimed juggernaut with more than 340 stores in 30 states. Today, Trader Joe’s has over 500 stores in the U.S., and a highly recognizable brand known for its innovation and private-label products that are popular with younger demographics.
Rauch presented his professional story through showcasing how to...
Leading Cold Storage Company Americold Targeted by Network Breach
Americold, the world’s largest publicly traded real estate investment trust (REIT) focused on temperature-controlled warehouses and value-added services, experienced a network breach last week.
The breach is impacting Americold’s operations including inbound and outbound services at numerous facilities. Deliveries and site functionality are reportedly varying from region to region.
Americold has shut down its network while the company investigates the security breach. The company has not yet released an official statement about the event.
The cold storage mammoth is based in Atlanta, Georgia and owns 242 temperature-controlled warehouses...
Post Holdings’ Michael Foods Business Announces Expansion of Norwalk, Iowa Manufacturing Facility
Post Holdings, Inc, a consumer packaged goods holding company, announced expansion plans for its Michael Foods manufacturing and distribution facility in Norwalk, Iowa.
The 150,000 square-foot facility, which processes eggs and precooked egg products, opened in 2019. The expansion will add approximately 132,000 square-feet and is expected to create an estimated 186 new jobs. Construction is expected to begin in July 2023 with targeted completion in December 2024.
“We are excited our continued growth led us to seek expansion in Norwalk...
Mother’s Day Spending to Reach Record Breaking $35.7 Billion
The National Retail Federation (NRF) said that consumers are planning to spend a record $35.7 billion on Mother’s Day this year, nearly $4 billion more than last year’s record high of $31.7 billion.
The data comes from an annual survey released by NRF and Prosper Insights & Analytics. Eighty-four percent of U.S. adults are expected to celebrate the holiday.
“Mother’s Day provides Americans with an opportunity to honor important women in their lives,” NRF President and CEO Matthew Shay said. “As people make plans to celebrate this...
Inflation Continues to Drive FMCG Sales Value Growth Across Europe’s Six Largest Markets
Ahead of its latest biannual 'FMCG Demand Signals' report which covers Total Store Data, Circana (formerly IRI and The NPD Group), has today revealed softening of demand in unit sales across the six largest markets in Europe (France, Italy, Germany, Spain, UK and Netherlands) - a decline of -1.1% on an annual basis, deepening further by -1.4% in Q4 2022. This is the fifth consecutive quarter of decline and is not forecast to return to normalcy until the end of 2023.
Forensically unpacking the impact of the...
USDA Announces $45 Million Funding Opportunity to Support Underserved and Veteran Farmers
The U.S. Department of Agriculture (USDA) today announced approximately $45 million available to organizations that help underserved and veteran farmers, ranchers, and foresters own and operate successful farms. Funding is made through USDA’s Outreach and Assistance for Socially Disadvantaged Farmers and Ranchers and Veteran Farmers and Ranchers Program, also known as the 2501 Program. This program is administered by the USDA Office of Partnerships and Public Engagement (OPPE).
“By supporting organizations that work with veterans and underserved groups...
The Retail Rundown: Inching Towards May
Grilling enthusiasm is picking up as we inch closer to May. However, spring fever among shoppers may be lacking for now as chillier weather returns to portions of the country this week.
In the meantime, grocers are preparing for several occasions next month that could help accelerate sales of various snack items and proteins.
Next week is Cinco de Mayo, a holiday that commemorates Mexico's victory over the French army in 1862. This holiday could increase sales of items including salsa and tortilla chips along with meat as consumers indulge in dishes like enchiladas and tacos...
USDA Announces $2.29 Million in Farm Bill Funding to Protect Animal Health
The U.S. Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) is awarding $2.29 million through the National Animal Health Laboratory Network (NAHLN) Farm Bill program to advance APHIS’ animal health preparedness. The 2018 Farm Bill provided funding for this program as part of an overall strategy to prevent animal pests and diseases from entering the United States and reduce the spread and impact of potential disease incursions.
“These Farm Bill funding awards will strengthen our ability to carry out...
USDA Announces New National Institute of Food and Agriculture Director
Today, the U.S. Department of Agriculture (USDA) announced the appointment of Manjit K. Misra as the new Director of the National Institute of Food and Agriculture (NIFA). The NIFA Director leads the agency’s work in advancing agricultural research, education, and extension to solve societal challenges. Dr. Misra will start his new role on Monday, May 8, 2023.
“Dr. Misra is an esteemed scientist and educator whose devotion to studying and sharing his knowledge of seeds with the world will benefit society and inspire...
Wendy Reinhardt Kapsak Appointed Chief Executive Officer,International Food Information Council
The International Food Information Council (IFIC) announced the appointment of Wendy Reinhardt Kapsak, MS, RDN as its new Chief Executive Officer effective May 1.
A visionary leader with extensive experience in food, nutrition, and agriculture business strategies, Reinhardt Kapsak is uniquely poised to help IFIC deliver on its mission to effectively communicate science-based information about sustainable food systems, with a focus on food safety and nutrition.
“Wendy’s transformative and results-oriented leadership, coupled with her significant food and nutrition experience in various sectors, make her the ideal...
H-E-B Debuts Fresh Bites Brand, Offering On-the-Go Customers Fresh Produce and Convenient Meals
H-E-B is making it easier for Texans to fill up the gas tank while stocking up on fresh produce or grabbing a quick meal on the go. The San Antonio-based retailer is giving a new look to its H-E-B convenience stores, introducing H-E-B Fresh Bites brand, which will provide customers more fresh options such as produce, prepared food, and convenient meal options.
On April 17, the first H-E-B Fresh Bites opened...
Wayne-Sanderson Farms Identifies New Senior Leadership
The nation’s third largest poultry producer, Wayne-Sanderson Farms, has announced changes to its senior leadership team, including the retirements of Bryan Miller, senior vice president of quality assurance and food safety, and David Malfitano, chief human resources officer, after over 35 years of collective service to the company. In April, Miller was succeeded by Dr. Juan “Juanfra” DeVillena, while Malfitano was succeeded by Pamela Roach.
Since joining the company in 2004, DeVillena has served in various roles with increasing levels of responsibility at the...
ANALYSIS: Shell-Egg Stocks Rise to an Almost Year-Long High Amid Soft Demand, Increased Production
The USDA’s National Weekly Shell Egg Inventory report released yesterday afternoon showed a 10% surge in total stocks on hand—the biggest one-week gain reported since April of 2020 when pandemic restrictions ground the nation’s restaurant industry to a halt. At 1.828 million cases, current stocks are the highest reported in eleven months and 6.1% greater than in the year-ago period. That compares with a year-over-year inventory deficit of 15% just four weeks ago.
So, what’s changed...
BJ’s Wholesale Club Releases Inaugural ESG Report
BJ’s Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs, has released its first Environmental, Social and Governance (ESG) report. The report represents how the company served its members, team members and communities in its 2022 fiscal year and demonstrates BJ’s commitment to communicate transparently on its ESG efforts.
“We believe it is our responsibility to ensure BJ’s Wholesale Club contributes to the health of the communities where we live and work,” said Bob Eddy, President and Chief Executive Officer, BJ’s Wholesale Club. “We have dedicated time and resources toward improvements...
The Makers of the HERDEZ Brand Introduce Mexican Refrigerated Meats Entrées
The makers of the HERDEZ® brand today announced the launch of its HERDEZ™ Mexican Refrigerated Entrées line with two delicious varieties, including HERDEZ™ Chicken Shredded in Mild Chipotle Sauce and HERDEZ™ Carnitas Slow Cooked Pork. At-home cooks can now enjoy the traditions from the heart of Mexico in these convenient heat-and-eat meals with the perfect blend of spices and seasoning. Inspired by some of the most popular Mexican dishes, these entrées are packed with flavor and protein...
Marubeni Invests in FoodTech Incubator to Support Japanese, U.S. Start-ups
Japanese trading company Marubeni Corporation invested in KitchenTown, a Silicon Valley start-up incubator, hoping to support Japanese startups entering the U.S. and vice versa.
"Startups drive the growth of the global economy as they break the mold of conventional wisdom and create new value," said Takanori Koso, General Manager of Food Products Materials Dept. for Marubeni. "In order for these startups to achieve maximum impact, they need support to overcome hurdles in product development, commercialization, brand strategy and more. Incubators are a proven model to efficiently...
U.S. Grocery Shopper Trends Report Shows Despite Higher Prices, Consumers Not Cutting Back
FMI – The Food Industry Association shared findings from a survey of grocery shoppers’ spending habits and attitudes.
The survey highlights how consumers remain concerned about the rising prices of food but remain less likely to cut back on the number of items they purchase.
Of shoppers that shared concerns about food prices, only 32% of shoppers in February reported buying fewer items to lower their grocery bills, down from 41% in October. The survey indicated that consumers are instead looking for deals across various channels...
USSEC Launches Development of U.S.-China Soy Value Chain Innovation Center
The soy industry plays a key role in trade relations between China and the United States. To deepen cooperation throughout the supply chain, USSEC is developing the U.S.-China Soy Value Chain Innovation Center, or SIC, in Henan, a province in Central China, with soy checkoff support. A hybrid Memorandum of Understanding signing ceremony was held on February 28, 2023, to mark this milestone.
“This MOU represents a remarkable and unprecedented success in deepening agricultural cooperation between the U.S. and China,” says Xiaoping Zhang, USSEC regional director...
SpartanNash Welcomes Arpen Shah as VP, Merchandising Strategy and Analytics
Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the hire of Arpen Shah as Vice President, Merchandising Strategy and Analytics. Shah will be responsible for merchandising strategy and analytics for the overall merchandising business. He will also lead promotional planning, shelf technology, category management and merchandising data analytics.
"Arpen is an astute and people first merchandising executive who has a strong background in category management and analytics," said SpartanNash Senior Vice President, Chief Merchandising Officer Bennett Morgan. "His expertise and relentless innovative drive will accelerate our customer-led...
Former Campbell CEO Dale F. Morrison Passes Away
Former Campbell Soup Company President and Chief Executive Officer Dale F. Morrison passed away at the age of 74 on April 8, 2023, in Naples, Fla.
Morrison served as Campbell’s President and CEO from 1997 to 2000. He joined Campbell in 1995 as President of Pepperidge Farm, where he drove significant sales growth of iconic brands such as Goldfish crackers and Milano cookies. He became President of Campbell’s International and Specialty Foods division in 1996.
During his tenure, Campbell launched V8 Splash beverages, and Campbell’s Chunky soup began its National Football League...
Subway Accelerates North America Growth Strategy with Five New Multi-Unit Owner Agreements
Subway, one of the world's largest restaurant brands, is accelerating its smart growth development strategy with five new multi-unit owner agreements, across Texas, Florida, Arizona and the mid-Atlantic.
In total, the agreements have resulted in the consolidation and transfer of more than 230 existing restaurants thus far in 2023. They also include commitments to remodel restaurants and strategically open new restaurants in the coming years, helping the brand deliver a better and more consistent, high-quality guest experience across its system.
"A key element of...
Researchers Evaluate a Unique Lighting System to Assess Welfare and Skeletal Quality of Laying Hens
USPOULTRY and the USPOULTRY Foundation announce the completion of a funded research project at Purdue University in which researchers evaluated a unique lighting system to assess welfare and skeletal quality of laying hens. The research was made possible in part by an endowing Foundation gift from MPS Egg Farms and proceeds from the International Poultry Expo, part of the International Production & Processing Expo (IPPE). The research is part of the Association’s comprehensive research program encompassing all phases of poultry and egg production...
SpartanNash Promotes David Sisk to Executive Vice President, Chief Customer Officer
Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the promotion of David Sisk from Senior Vice President to Executive Vice President, Chief Customer Officer. Sisk was hired in 2020 as President of SpartanNash Military and was promoted in May 2022 to Chief Customer Officer. Sisk oversees customer engagements for all national accounts, independent and chain grocers, e-commerce retailers, and the U.S. Defense Commissary Agency and military Exchanges worldwide.
"David's role is vital to delivering on our signature strength to be the most customer-focused, innovative...
Just Crack an Egg Partners With FarmersOnly.com to Help Solve the Egg Crisis
The “egg crisis” is making consumers’ lives complicated—prices have skyrocketed, shelves are bare, and people are turning to unconventional ways to get their eggs. As a brand that’s all about finding unconventional solutions to make consumers’ lives easier, Just Crack an Egg has you covered: Just Date a Farmer. Just Crack an Egg, a quick delicious breakfast meal using a fresh egg, is partnering with FarmersOnly.com, the popular dating website with over 1.5 million single farmers looking for love, to give egg lovers the...
Fire, Explosion at Dairy Farm Leaves 1 Injured
Emergency officials responded to a fire and explosion at a dairy farm Monday night near Dimmitt, and one person was airlifted to the hospital.
According to Castro County Emergency Management via Facebook, the Castro County Sheriff's Office, as well as the Dimmitt, Hart and Nazareth Fire Departments, responded to reports of an explosion and fire at the Southfork Dairy Farms, located in the 1600 block of County Road 624, which is approximately 11 miles southeast of Dimmitt.
Upon crews' arrival, it was determined that one person was trapped inside, and fire...
The Retail Rundown: Filling in the Gaps; CPI Update
Post-Easter, grocers are in somewhat of a lull over the next few mostly uneventful weeks when it comes to retail occasions.
Retailers are currently securing inventories for Memorial Day needs and the peak grilling demand period that follows. A combination of supportive factors including warmer weather and a seasonal decrease in red meat supplies typically boosts both buying activity and wholesale beef and pork prices.
Over in beef, cattle supplies are undergoing a significant tightening following several consecutive years of drought-induced herd liquidation and elevated feed costs...
Peco Foods Honors the Life of Bobby Wilburn
Peco Foods, one of the nation’s largest poultry companies, today honors the legacy of Bobby Wilburn, who passed away Friday, April 7, 2023, at age 66.
Wilburn, a 38-year veteran of Peco, took a leave of absence earlier this year as the Corporate Director of Sales and Marketing – Commodity to focus on his health.
“There will never be another Bobby Wilburn. He lived out Peco’s core values every day with a commitment to do the right thing and build lasting relationships with people,” said President and CEO Mark...
U.S. Farmers & Ranchers in Action Announces Leadership Change
U.S. Farmers & Ranchers in Action (USFRA) today announced the organization and CEO Erin Fitzgerald have agreed to an amicable parting of ways to pursue new opportunities.“The USFRA Board of Directors appreciates the contributions Erin made to USFRA during her nearly 5-year tenure as CEO,” said USFRA Board Chair Marilyn Hershey, Dairy Management Inc. chair.
As the Board undertakes the process to identify the next CEO, a group
of USFRA staff members will lead day-to-day operations of the organization in concert with the Executive Committee...
Online Grocery Growth Expected to Continue but Consumers Now Weighing Cost vs. Convenience
Market intelligence provider Packaged Facts believes that the online grocery market will continue to see gains despite the struggles of some start-ups in the space.
During the pandemic, online grocery shopping witnessed a significant boom. New companies entered the landscape and all of the largest food retailers invested heavily in the space.
Convenience was a big factor in the growth of the sector and consumers were willing to shell out the extra cash to have their groceries delivered or ready for them as soon as...
Blue Apron and Award-Winning Cookbook Author and Television Host, Molly Yeh Team Up
Blue Apron (NYSE: APRN) and award-winning cookbook author and television host, Molly Yeh team up to introduce limited-edition, Asian-inspired recipes and a unique burger bar concept, available to order now. The Molly Yeh x Blue Apron box features a fun and easy feast designed to serve four, with craveable flavors to keep mealtime interesting without making it complicated.
“Blue Apron is a brand that I’ve personally used and loved for so long, so creating this box has been...
Truck Transportation Numbers Rev up in March, But Issues Persist
New figures released by the U.S. Bureau of Labor Statistics (BLS) last Friday show once again that February’s reported numbers were not consistent with the rise in truck transportation jobs experienced over the last several months.
In fact, the number of jobs reported for March was 1.612 million, which was 5,700 jobs above February’s revised total. Importantly, this shows that the sector has gained more than 180,000 jobs since a major cut of nearly 85,000 jobs due to the pandemic in April of 2020...
USDA, SBA, and FDIC Partner to Foster Economic Growth for Small Businesses, Farmers, and Ranchers in Southern States
The U.S. Department of Agriculture (USDA), in partnership with the Small Business Administration (SBA) and the Federal Depository Insurance Corporation (FDIC), is hosting a series of regional economic development workshops on the “Path to Prosperity” in Mississippi, Kentucky, and Georgia to provide small businesses, including farmers and ranchers, with the resources and tools they need to grow.
“These independent businesses, in rural communities, are the cornerstone of American life but many of them lack ...
ANALYSIS: Frozen Beef Inventory Continues to Decline; Pork Stocks Edge Higher
ANALYSIS: Turkey Poult Placements Signal Ongoing Production Slump
UB Consulting: The Foodservice Industry – Are We in a Bubble?
UB Consulting: Will Chicken be the Winner in a Potential Economic Downturn?
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