Another Panama Canal Red Flag: Spiking Product Tanker Rates

Yet another signal on the Panama Canal situation is flashing red: Spot rates are surging for product carriers — specialized tankers carrying diesel, gasoline and jet fuel — that transit the waterway.

America is the world’s largest exporter of refined petroleum products. The west coast of South America is a traditional destination and the Panama Canal is pivotal to this trade. Alternate routes are more than twice as long.

Since the Panama Canal Authority (ACP) began heavily restricting reservation slots at the start of November, waiting time for ships without reservations has dramatically...

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Cal-Maine Foods, Inc. Issues Statement on Jury Decision

Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today issued the following statement:

Approximately 20 years ago, United Egg Producers (UEP) responded to growing public demand to improve the overall treatment of egg laying hens by adopting the UEP animal-welfare certified program. The UEP certified program was based on the recommendations of an independent scientific advisory committee, developed as a scientifically sound, voluntary program, supported by consumers, customers and numerous trade...

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Dec 1 3:29 PM, Urner Barry

Cracker Barrel Reports First Quarter Fiscal 2024 Results

Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the first quarter of fiscal 2024 ended October 27, 2023.

First Quarter Fiscal 2024 Highlights

  • The Company reported first quarter total revenue of $823.8 million. Compared to the prior year first quarter, total revenue decreased 1.9%.
  • Comparable store restaurant sales decreased 0.5%, while comparable store retail sales decreased 8.1%.
  • GAAP operating income for the first quarter was $11.4 million, or 1.4% of total revenue, and adjusted1 operating income was $19.0...
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Dec 1 8:00 AM, Urner Barry

DoorDash Launches Annual 12 Day Holiday Savings Event

Whether you’re making your list or you’re checking it twice, DoorDash is the special ingredient for a joyful holiday season with Deck the Doorstep, twelve festive days of massive deals to help make holiday hosting and shopping more convenient than ever. From December 1st through December 12th, DoorDash users can look forward to limited-time discounts, daily deals, and exclusive DashPass offers from local and nationwide favorites featuring groceries, retail, and restaurants — all in one place.

During DoorDash’s annual savings event, people will be able to...

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Dec 1 9:42 AM, Urner Barry

Sam’s Club to Open Two New Distribution Centers in St. Louis and Minneapolis Areas

Sam's Club®, a division of Walmart Inc. and a leading membership warehouse club, today announced plans to open two new distribution centers in early 2024 outside St. Louis and Minneapolis. The new facilities are part of a multi-year growth plan to transform the supply chain at Sam’s Club and evolve network and end-to-end capabilities. In addition to bringing new jobs to the areas, the new distribution centers will also give Sam’s Club members a better shopping experience witH...


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Dec 1 8:09 AM, Urner Barry

PODCAST: Episode 2 of Agri-Food for Thought Now Available!

Jamie and Simon are back with Episode 2 of the Agri-Food for Thought podcast. Listen now as they discuss food inflation and the consumer mindset during the 2023 holiday season. 

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Nov 30 11:23 AM, Urner Barry

Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2023

Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and twelve months ended September 30, 2023.

Robert P. Ingle II, Chairman of the Board, stated, “We are happy to report results for the quarter and year-end. We continue to thank our associates for the dedication and hard work they provide to serve our customers.”

Fourth Quarter Results

Net sales totaled $1.58 billion for the quarter ended September 30, 2023, compared with $1.45 billion for the quarter ended September 24, 2022...

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Nov 29 10:17 AM, Urner Barry

Publix Shuffles Leadership For The New Year

American supermarket chain Publix announced that they have shuffled their leadership ahead of the new year. Effective January 1, 2024, current CEO Todd Jones will transition to an Executive Chairman role. Meanwhile, President Kevin Murphy will be promoted to CEO and Senior Vice President John Goff will be promoted to President.

Jones is a long time employee at Publix, beginning as a front service clerk at the store’s New Smyrna Beach, Florida, location. He ultimately worked his way up to Store Manager in 1988...

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Nov 29 8:07 AM, Urner Barry

New Markets and Award Recognitions Position the Noodles & Company Franchise for Momentum in 2024

Noodles & Company, (NASDAQ: NDLS) the national fast-casual chain known for its globally inspired noodle bowls, best-in-class service, and values-centric culture, entered new franchise markets and achieved high accolades in 2023 with honors from top publications including Forbes, Denver Business Journal, and Franchise Times. Noodles' franchise growth and award achievements demonstrate how the franchise continues to be an enticing opportunity for experienced multi-unit, multi-concept operators.

This year Noodles & Company made significant strides in furthering its franchise growth strategy called...

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Nov 28 12:17 PM, Urner Barry

Modern Market Eatery First Drive-Thru Location Now Open

Modern Market Eatery, the Colorado-based fast casual concept specializing in scratch-made foods using clean ingredients, has opened the brand's first drive-thru restaurant in Colorado Springs at 3015 New Center Point, Suite 100, in the First & Main Town Center on Friday, Nov. 17.

The new company-owned restaurant is the third Modern Market Eatery location in Colorado Springs. Offering dine-in, drive-thru and delivery options, it will serve the full Modern Market menu, including the new winter menu that launched on Nov. 1, featuring eight brand-new dishes...

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Nov 28 8:00 AM, Urner Barry

Uber Eats Adds Big Lots As First National Home Discount Retailer

Today Uber Technologies (NYSE: UBER) announced a new nationwide partnership with Big Lots (NYSE:BIG), bringing the home discount retailer's massive selection to the Uber Eats app, furthering its mission to help consumers get almost anything they need, delivered on-demand. Just in time for the busiest shopping season of the year more than 1,200 Big Lots retail locations across the US are now available for consumers to shop with Uber Eats.

With Big Lots on Uber Eats, consumers will discover thousands of items including wide variety of home goods...

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Nov 22 11:07 AM, Urner Barry

Holiday Meals Simplified

(Family Features) With holiday entertaining on the minds of many this time of year, it's important to take steps to make setting the table stress-free and keep focus on what really matters – spending time with loved ones.

With 92% of customers expressing some level of concern about inflation, according to Walmart's Holidays 2023 Seasonal Survey, it's important to take steps to save time and money during an expensive time of year.

To help combat inflation, the retailer – which has saved customers more than $1 billion on seasonal baskets and rollbacks during the past year...

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Nov 22 9:33 AM, Urner Barry

Mintec Releases "Thanksgiving Dinner Index 2023" Report; Read It Here

Mintec enables the world's largest food and manufacturing brands to implement more efficient and sustainable procurement strategies. We do this through our cutting-edge SaaS platform, Mintec Analytics, which delivers market prices and analysis for thousands of commodities, food ingredients and associated materials. Our data and tools empower our customers to understand prices better, analyze their spend and negotiate with confidence.

Mintec’s latest report, “Thanksgiving Dinner Index 2023,” is a look at the components that make up the traditional holiday dinner...

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Nov 22 9:29 AM, Urner Barry

Publix Announces Officer Promotions

Today, Publix President Kevin Murphy announced three officer promotions, effective Jan. 1, 2024.

With John Goff’s upcoming promotion to president, Vice President of Product Business Development for Grocery Norman Badger, 44, will be promoted to senior vice president of retail operations, and Business Development Director of Alcoholic Beverages Chris Shaw, 54, will be promoted to vice president of product business development for grocery.

Also, to enhance our ability to support our operations, Publix is adding another officer promotion. Director of Facility Refrigeration and Energy Management Mikhael Ser, 53, will be promoted to vice president of...

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Nov 22 8:00 AM, Urner Barry

The Retail Rundown: Feasting on Holiday Features

Thanksgiving is here and the retail segment is teeming with all things turkeys, sides, sweets, and treats!

Fittingly, turkey leads the protein category with 31.1% of total feature volume, up from 22.5% the week prior. Pork follows with 22.8%. Seafood narrowly overtakes beef for the third spot, with 18.8%. Beef claimed 17.4%, nearly flat with last week.

Mintec recently took a look at the components that make up the traditional holiday dinner in its "Thanksgiving Dinner Index 2023" report. The index, which measures price fluctuations across key food commodities that make up a...

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Nov 22 7:15 AM, UB Newswires

Corn Harvest Nears Completion in Latest Crop Progress Report

In the latest Crop Progress report, the USDA shows 93% of corn is now harvested, up from 88% the week prior and ahead of the 5-year average figure by two percentage points. Kansas, North Carolina, and Texas are reporting 100% harvest completion. 

Winter wheat plantings are nearing completion as well, with 95% of the crop in the ground as of Sunday, November 19. 87% of winter wheat has emerged and 83% is rated in fair to excellent condition overall.

Nearby corn futures contracts are 2 to 2 ½ cents higher...

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Nov 21 10:02 AM, UB Newswires

More People Than Ever Expected to Shop During Thanksgiving Holiday Weekend

An estimated 182 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is 15.7 million more people than last year and is the highest estimate since NRF began tracking this data in 2017.

“The Thanksgiving holiday weekend marks some of the busiest shopping days of the year, as consumers enjoy the tradition of shopping for the perfect gifts for friends and loved...


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Nov 17 12:02 PM, Urner Barry

American Egg Board Embarks on Trade Mission to Boost U.S. Export Growth

Last week, the American Egg Board (AEB) embarked on a 2023 U.S. Egg Industry Trade Mission to further its goal of boosting U.S. export growth and creating a stronger, more sustainable, and more resilient egg industry.

Home of The Incredible Egg, the American Egg Board is the national marketing organization of America's egg farmers. AEB's mission is to increase demand for eggs and egg products through research, education, and promotion. AEB is located in Chicago. 

From November 6-11, AEB faculty and U.S. egg industry leaders traveled to...


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Nov 17 11:00 AM, UB Newswires

Amazon Leads U.S. Grocery Retailers in Personalization Followed by H-E-B and Kroger, dunnhumby Finds

Dunnhumby, the global leader in customer data science, today released a special edition of the dunnhumby Retailer Preference Index (RPI), designed to determine which retailers in the $1 trillion U.S. grocery market personalize the shopping experience best for their customers. In this inaugural RPI for Leadership in Personalization, dunnhumby found that Amazon stands apart from all other retailers followed by H-E-B in second and Kroger rounding out the top three. These three retailers are at the top of the rankings because...

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Nov 17 9:52 AM, Urner Barry

Save Mart, Lucky and FoodMaxx Stores are Now Live on DoorDash

DoorDash (NASDAQ: DASH), the local commerce platform, announced a partnership with The Save Mart Companies to bring Save Mart, Lucky, and FoodMaxx locations to the DoorDash Marketplace. Starting today, consumers across California and Nevada can access Save Mart, Lucky, and FoodMaxx on DoorDash to get groceries delivered same day in under an hour, on average*, directly to their door.

“We are excited to extend the reach and accessibility of our fresh quality offerings, local favorites, and everyday essentials with DoorDash to strengthen our commitment of providing grocery solutions for...

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Nov 17 9:46 AM, Urner Barry

Holiday Grocery Shopping Habits

Though technology has undeniably evolved the way we communicate, I’ve found that no text, call, or video chat can replace the warmth of hugging my mom. The holiday season for me is a time of strengthening familial bonds, gifting joy, and indulging in the “Superbowl” of meals. Raised by a large village of multigenerational family and friends, these moments spent together come few and far between and are deeply cherished. Whether hosting or traveling home, our U.S. Grocery Shopper Trends, Holiday Season report finds more than 90% of Americans are celebrating Thanksgiving and the December holidays...

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Nov 17 8:04 AM, Urner Barry

Census Says Retail Sales Grew Year Over Year in October But Growth Continued to Slow

Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, National Retail Federation Chief Economist Jack Kleinhenz said in response to the U.S. Census Bureau’s release of monthly retail sales data today.

“Fourth-quarter consumer spending stepped off on a more moderate pace, as expected,” Kleinhenz said. “The staying power of the American consumer has been the story of 2023, but financial conditions have...


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Nov 17 8:02 AM, Urner Barry

President Biden Signs Stopgap Funding Bill, Avoiding Gov't Shutdown

A government shutdown was narrowly avoided once again after President Joe Biden signed a stopgap spending bill Thursday evening. 

Funding was due to expire at 12:01 a.m. Saturday, raising concerns about widespread disruptions ahead of the hectic holiday season. 

The short-term bill, or continuing resolution (CR), passed the Senate and House this week and splits the extension into two dates: January 19 and February 2. On Wednesday, the Senate voted 87-11 to approve the stopgap bill.

A statement released by the White House yesterday reads...


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Nov 17 6:49 AM, UB Newswires

OpenTable Debuts Annual Top 100 Restaurants List Alongside 2023's Biggest Dining Trends

As 2023 comes to a close, bringing holiday and year-end celebrations, OpenTable is helping diners select the perfect venue with the debut of its Top 100 Restaurants in America list for 2023. Featuring an updated methodology using OpenTable diner reviews and new metrics, the list uncovers some of the most in-demand restaurants by OpenTable diners this year.1

Additionally, OpenTable insights from the year (January 1 – September 30) compared to 2022 reveal shifts in diner behaviors and cravings. Highlights include...

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Nov 16 9:23 AM, Urner Barry

Urner Barry’s Market Briefing Provides Insights on Commodity Protein Markets

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals.

Click HERE to view the latest report...

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Nov 16 8:00 AM, Urner Barry

Mintec, along with its Urner Barry and Feedinfo brands, is proud to launch this brand new podcast for agriculture and food professionals! Join hosts Jamie Chadwick and Simon Duke as they dive into everything happening in the agri-food space. Featuring market insights, trends, and news. Listen to Ep 1 now.

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Nov 16 8:00 AM, Urner Barry

Gala Foods Deploys eGrowcery Platform to Grow Online Sales and Enhance Shopper Engagement

Gala Foods, a full supermarket banner with on-site butchers, bakery, full deli, pharmacy, flower shop and hot food, has one of its ownership groups upgrading its online shopping experience and has chosen eGrowcery, developer of the leading retail food industry eCommerce platform for grocers, as its digital partner for the future. Gala Foods is offering online shopping for customer pick up or delivery beginning at the Bridgeport, CT location.

“Our customers want to us be a modern retailer and that means offering them every option for...

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Nov 15 2:09 PM, Urner Barry

Cost of Thanksgiving Dinner Down Slightly from Record High in 2022

Gathering around the table for a Thanksgiving dinner won’t take as much of a toll on your pocketbook this year compared to 2022, but the meal still reflects historically high costs. The American Farm Bureau Federation’s 38th annual survey provides a snapshot of the average cost of this year’s classic holiday feast for 10, which is $61.17 or less than $6.20 per person.

This is a 4.5% decrease from last year’s record-high average of $64.05, but a Thanksgiving meal is still...


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Nov 15 10:05 AM, Urner Barry

Brett Friedman Joins Logile as Chief Revenue Officer

Logile, Inc., the leading retail labor planning, workforce management, inventory management and store execution provider, today announced that Brett Friedman has joined the company as Chief Revenue Officer. Brett will be responsible for leading all of Logile’s revenue generation and marketing operations, utilizing his extensive experience to position Logile as the leading provider for store-level planning, scheduling and task execution. Logile delivers the ideal solution to connect empowered workers, and Brett’s experience will drive Logile’s growth.

"Brett is the right leader to bring in now,’’ said Purna Mishra, President and CEO...

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Nov 15 9:33 AM, Urner Barry

Lineage Celebrates Grand Opening of Houston ColdPort Facility

Lineage (the “Company”), one of the leading temperature-controlled industrial REIT and integrated solutions providers worldwide, today celebrated the grand opening of its newest facility in Houston, Texas. Houston ColdPort is strategically located near the Jacintoport Terminal at Port Houston, a leader for the Houston Ship Channel and an integral component of Houston’s international trade activity.

Spanning approximately 315,000 square feet, the new facility marks the sixth location in Lineage’s Greater Houston network and is designed to support many customer profiles and business needs, complementing the Company’s additional locations across...

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Nov 15 9:03 AM, Urner Barry

The Retail Rundown: 2023 Thanksgiving Outlook

Thanksgiving is just one week out and grocers are bracing for a busy weekend ahead as shoppers secure any remaining needs for the holiday feast. Below, we have the latest outlook on what Turkey Day 2023 may bring.

The Star of the Show 

Shoppers this Thanksgiving may breathe a sigh of relief when looking at prices for the big bird. Last year, households shelled out more money for their turkeys due to factors including highly pathogenic avian influenza (HPAI) complications, low cold storage holdings, and inflation.

A lull in bird flu detections following the initial outbreak...

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Nov 15 7:50 AM, UB Newswires

Corn Harvest 88%, Soybeans 95% Complete in Latest Crop Progress Report

In the latest Crop Progress report, the USDA shows 88% of corn is now harvested, up from 81% the week prior and two percentage points ahead of the 5-year average. 

Nearby corn futures contracts are fractionally higher in early Tuesday trading following yesterday's rally. December corn was last trading nearly flat at $4.77 ½ per bushel. 

The soybean harvest is nearly complete at 95%, up from the previous week's figure of 91%. The five-year average rate is also 91%...

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Nov 14 9:30 AM, UB Newswires

Giant Food and UFCW Locals 400 and 27 Ratify New Contract

Giant Food is pleased to announce that our store associates have ratified a new four-year collective bargaining agreement negotiated between Giant Food and UFCW Locals 400 and 27. The agreement significantly enhances the wages and benefits for our 17,000+ represented associates, and demonstrates the respect we have for our associates' contributions and commitment to Giant Food.

"I am tremendously proud of our 87-year history as a local employer of choice. As a team, we continue to build upon that foundation for thousands of associates throughout the...

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Nov 14 8:09 AM, Urner Barry

Instacart Spotlights Stress-Free Holiday Celebrations with New Brand Campaign

Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced "The Holiday Rescue App" – its most extensive holiday campaign yet, which reinforces its position as an indispensable partner to families throughout the entire holiday season. "The Holiday Rescue App" brand campaign will run for seven weeks in the U.S. and Canada and features multiple campaign extensions, from hosting family and gifting the ultimate presents to preparing for New Year's Eve celebrations. The new creative spotlights how Instacart is the one-stop destination that can serve every holiday...

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Nov 14 8:05 AM, Urner Barry

Agricultural Markets Brace for Potential Gov't Shutdown Ahead of Holiday Season

Agricultural market participants are bracing for a potential government shutdown, which is just days away should Congress fail to extend funding past November 17. 

House Speaker Mike Johnson proposed a two-step spending bill, which has received tentative support from Senate Democrat Chuck Schumer. If passed, it would extend government funding for four appropriation bills to January 2024 and funding for the remaining eight bills into February. The bill must clear the House before moving to the Senate...

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Nov 14 7:25 AM, UB Newswires

New US House Speaker Tries to Muster his Republicans to Avert Government Shutdown

Fledgling U.S. House of Representatives Speaker Mike Johnson faces his first big legislative battle this week as his tries to marshal his fractious Republican majority into supporting an unconventional plan to avert a partial government shutdown beginning on Saturday.

Some House Republican hardliners were already pushing back at Johnson's proposal for a two-step stopgap bill that would not otherwise cut spending, a "clean" bill of the kind that led to the historic ouster of Johnson's predecessor, Kevin McCarthy...


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Nov 13 8:37 AM, Urner Barry

Bird Flu Has Infected a Second Commercial Egg Layer Farm 

After an almost 11-month lull in detections, industry sources tell Urner Barry that high-path avian influenza (HPAI) has infected a US commercial egg layer flock for the second time in as many weeks. The latest outbreak is said to have occurred in Iowa, which is home to approximately 45 million laying hens, making it the nation’s largest egg-producing state.

Last week, the USDA Animal and Plant Health Inspection Service (APHIS) confirmed that a 940,000-bird farm housing mostly conventional hens...

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Nov 13 8:00 AM, Urner Barry

Customers Can Now Get Amazon's Fast, Affordable Grocery Delivery Without a Prime Membership

Today, Amazon announced it is making grocery delivery and free pickup available to all customers in all U.S. cities and towns where Amazon Fresh is available for Prime members. This service expansion, previously available only to Prime members, makes it easier for all customers to get their grocery needs met both in-store and online.

“We’re always looking for ways to make grocery shopping easy, fast, and affordable for all of our customers. Now, all customers can order... 

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Nov 9 8:50 AM, Urner Barry

US Foods Reports Third Quarter Fiscal Year 2023 Earnings

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2023.

Third Quarter Fiscal 2023 Highlights

  • Net sales increased 2.1% to $9.1 billion
  • Total case volume increased 4.0%; independent restaurant case volume increased 5.8%
  • Gross profit increased 5.6% to $1.5 billion
  • Net income available to common shareholders was $95 million
  • Adjusted EBITDA increased 14.5% to $402 million
  • Diluted EPS decreased 11.6% to $0.38; Adjusted Diluted EPS increased 16.7% to $0.70...
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Nov 9 8:29 AM, Urner Barry

ANALYSIS: Strong Retail Demand, Bird Flu Outbreak Send Egg Prices Soaring to Seven-Month Highs

After more than five weeks of no change, the shell-egg market began its seasonal ascent in the penultimate week of October, as it often does, on a combination of strengthening retail demand and mounting confidence in the lead-up to Thanksgiving. Days later, that upward momentum got kicked into overdrive, following reports that the bird flu had broken out on a commercial layer farm for the first time in eleven months.

High-path avian influenza began making a resurgence among commercial turkeY...

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Nov 9 8:00 AM, Urner Barry

Hearn Kirkwood Issues Safety Alert on Undeclared Soy and Milk in Various Croissant Sandwiches

Hearn Kirkwood of Jessup, Md., is issuing a voluntary recall of 5,895 clamshell containers of various Croissant Sandwiches because its labeling did not identify the following allergens in the product: soy and milk. People with an allergy or severe sensitivity to these allergens run the risk of a serious or life-threatening allergic reaction if they consume this product. Customers with allergies or sensitivities to soy or milk should discard the product.

The affected sandwiches were distributed from October 20, 2023 and November 3, 2023...

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Nov 8 8:54 AM, Urner Barry

New FMI Holiday Season Trends Survey: Grocery Shoppers Exhibit Cautious Optimism Ahead of Holiday 

Despite ongoing concerns about high prices, shoppers are optimistic about their financial situations heading into the holidays and are finding ways to feed their families and meet their needs at the grocery store, according to FMI—The Food Industry Association’s new U.S. Grocery Shopper Trends, Holiday Season report.

“While consumers are understandably concerned about their finances amidst continued inflation heading into the holidays, shoppers are proving to be just as resilient when it comes to preparing for their holiday meal celebrations,” said FMI President and CEO...

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Nov 8 8:00 AM, Urner Barry

The Retail Rundown: Tuning in to Holiday Turkey Features

For this week's retail rundown, we're tuning in to holiday turkey features as Thanksgiving inches closer. Grocers are making room for the big bird in their meat cases and freezers for the millions of turkeys that will be gobbled down in two weeks. 

Seafood maintains the top spot among protein ads with 23.8% of features this week. Turkey ads captured nearly 9% of protein features this week, up from 6.9% the previous week. Within the turkey complex, frozen whole turkey features account for 56.5% of features, up from 25% a week...

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Nov 8 7:00 AM, UB Newswires

Corn Harvest Up to 81% Complete, Soybeans Near Completion

The corn harvest has reached 81% completion as of Sunday, November 5. This compares to the 5-year average of 77% at this time.

Most of the corn harvest typically wraps up in late November, though some states harvest well into December.

December corn is currently trading at $4.74 ¼ per bushel, down 3 cents. Traders and industry participants await Thursday’s USDA WASDE report, scheduled for release at 12:00 pm EST.

The soybean harvest is 5 points ahead of the 5-year average rate at 91% completion. Louisiana reports...

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Nov 7 9:43 AM, UB Newswires

Sprouts Farmers Market Partners with Instacart's FoodStorm to Enhance Holiday Catering Services

Sprouts Farmers Market, one of the largest and fastest growing specialty retailers of fresh, natural, and organic food in the United States, and Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced a new partnership to launch FoodStorm, Instacart's order management system (OMS), across all of Sprouts' 400+ locations. The new partnership will help streamline Sprouts' existing catering operations and modernize its holiday inventory management, ensuring a seamless holiday season experience for its customers and store team members...

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Nov 7 9:40 AM, Urner Barry

Golden State Foods Promotes Kate Starr to Group Vice President, Communications

Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce the promotion of Kate Starr to group vice president, communications, effective this week. Based in the company’s Irvine, California corporate global headquarters, Starr will collaborate with GSF’s support services groups and operational business units, as she leads the team that strategizes and produces all internal and external communications initiatives for GSF to meet company and customer objectives.

A GSF associate since 2019, Starr previously served as senior director, global...

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Nov 7 9:06 AM, Urner Barry

Bird Flu Infects Commercial Table Egg Layer Farm for First Time in 11 Months

A commercial table egg layer operation has tested positive for highly pathogenic avian influenza (HPAI), or bird flu, for the first time in eleven months. 

The impacted operation had 940,000 birds in Wright County, Minnesota, according to USDA data. The government lists the confirmation data as November 3, 2023. 

Prior to last week's detection, the latest commercial layer operation to be hit by bird flu was a farm with 239,700 birds in Weld County, Colorado on December 20, 2022...


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Nov 7 8:00 AM, UB Newswires

Fairmont Foods, Inc., Recalls Frozen Spaghetti Loops With Meat Sauce Entree Products

Fairmont Foods, Inc., a Fairmont, Minn. establishment, is recalling approximately 147,132 pounds of frozen spaghetti loops with meat sauce entrée products due to misbranding and undeclared allergen, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains egg, a known allergen, which is not declared on the product label.

The frozen not ready-to-eat spaghetti loops with meat sauce entrée products were produced on various dates from December 2022, through August 2023...

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Nov 3 8:54 AM, Urner Barry

Oil Up 2% Ahead of Fed Meet as Middle East Conflict Rages 

Oil prices rose more than 2% on Wednesday ahead of the keenly watched meeting of the U.S. central bank for clues on interest rate policy, while the conflict in the Middle East remains in focus.

Brent January crude futures were up about 2.5%, or $2.08, to $87.10 a barrel by 1316 GMT. U.S. West Texas Intermediate crude futures gained roughly 2.8%, or $2.24, to $83.26 a barrel.

The Fed, which will end its meeting on Wednesday, is widely expected to hold rates steady...

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Nov 2 8:00 AM, Urner Barry

Publix Reports Third Quarter 2023 Results and Stock Price

Publix’s sales for the three months ended Sept. 30, 2023 were $14 billion, a 7.2% increase from $13 billion in 2022. Comparable store sales for the three months ended Sept. 30, 2023 increased 4.3%.

Net earnings for the three months ended Sept. 30, 2023 were $833 million, compared to $394 million in 2022, an increase of 111.4%. Earnings per share for the three months ended Sept. 30, 2023 increased to $0.25 per share, up from $0.12 per share in 2022. Excluding the impact of... 

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Nov 2 7:58 AM, Urner Barry

Giant Eagle Launches myPerks Pay Rewards Visa Credit Card in Partnership with FNBO

Giant Eagle and FNBO (First National Bank of Omaha) today launched the myPerks® Pay Rewards Visa® Card. The new myPerks® Pay Rewards Visa® Card unlocks value for Giant Eagle customers, providing discounted fuel pricing, offers, and rewards for shopping both at the company’s locations as well as at other businesses.

The myPerks Pay Rewards Visa Card provides numerous, meaningful savings opportunities for customers. For those looking to save on fuel purchases, card holders can realize instant per-gallon savings on fuel at GetGo...

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Nov 1 8:00 AM, Urner Barry

The Retail Rundown: A Nod to November

Winter is seemingly giving a nod to November, as frigid and record-cold temperatures impact much of the central and southern United States this week.

While households hunker down for the colder weather, retailers are quickening the seasonal transition to comfort foods and indoor oven cooking. Moreover, grocers are gearing up for the inpouring of holiday shoppers now that  Thanksgiving is just three short weeks away.

The holiday centerpiece—turkey—is under close watch as highly pathogenic avian influenza (HPAI), also known as bird flu...

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Nov 1 8:00 AM, UB Newswires

Sprouts Farmers Market, Inc. Appoints Curtis Valentine as Chief Financial Officer

Sprouts Farmers Market, Inc. (Nasdaq: SFM), one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States, today announced the appointment of Curtis Valentine as chief financial officer of the company, effective January 1, 2024. Valentine is currently Sprouts’ senior vice president of finance and will succeed Lawrence (“Chip”) Molloy, who previously announced his intention to retire as chief financial officer at the end of 2023.

“We are delighted to elevate Curtis from our deep bench of finance talent to be...

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Oct 31 3:06 PM, Urner Barry

Sprouts Farmers Market, Inc. Reports Third Quarter 2023 Results

Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week third quarter ended October 1, 2023. "We are pleased to report another solid quarter at Sprouts, with continued increases in both traffic and comparable store sales," said Jack Sinclair, chief executive officer of Sprouts Farmers Market. "Our results signal the alignment of our 31,000 team members across merchandising, marketing, supply chain, and operational initiatives-- propelling our strategy forward."

Third Quarter Highlights:

  • Net sales totaled $1.7 billion; a 7.6% increase from the same period in 2022...
Full Story »
Oct 31 2:42 PM, Urner Barry

FourKites Appoints Industry Veteran Bill Maw as Chief Financial Officer to Drive Continued Growth

Leading supply chain visibility provider FourKites today announced the addition of Bill Maw as the company’s new chief financial officer (CFO). Maw brings a decades-long track record of successfully leading high-growth companies through financing rounds, mergers and acquisitions, and IPO readiness, and has built finance teams supporting businesses across the globe. He joins FourKites at a time of tremendous opportunity and growth for the company and the supply chain industry as a whole, as the real-time visibility pioneer leads the transition to increasingly... 


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Oct 31 11:58 AM, Urner Barry

Latest Crop Progress Shows Corn Harvest 71%, Soybeans 85% Complete

In the latest Crop Progress report, the USDA shows 71% of corn is now harvested, up from 59% the week prior and surpassing the 5-year average figure by five percentage points. 

Nearby corn futures contracts are fractionally higher in early Tuesday trading.

85% of the soybean harvest is complete, up from the previous week's figure of 76%. This is two points behind year-ago progress but is seven points ahead of the 5-year average.

January soybeans were last trading 3 ½ cents higher at $13.11 a bushel...

Full Story »
Oct 31 9:33 AM, UB Newswires

Perkins Restaurant & Bakery Unleashes Feastmode for the Holiday Season With New Holiday Menu

Perkins Restaurant & Bakery®, the leading family-dining restaurant brand known for homestyle comfort and all-day breakfast, invites guests to enter feastmode. With an array of holiday offerings, Perkins invites guests to enjoy hearty holiday feastivities with delicious Prime Rib dishes for breakfast, lunch and dinner.

Perkins, a name synonymous with comfort food and bakery treats, has been a beloved part of holiday traditions for 65 years. Starting Wednesday, November 8, 2023, participating restaurants will elevate their commitment to ensuring guests have a joyful holiday season...

Full Story »
Oct 31 9:32 AM, Urner Barry

Walmart Celebrates Re-Grand Opening of 117 Remodeled Stores Across

More Than Half a Billion Dollars in Investments Upgrading Stores

This Friday, Nov. 3, Walmart will celebrate the “Second Best Day” for 117 stores nationwide, the largest single-day rollout of re-grand openings in company history. The re-grand opening projects represent more than half a billion dollars in capital investments in local communities across 30 states. Associates and customers will be welcomed into the improved Supercenters and Neighborhood Markets with ceremonies, ribbon cuttings and family-friendly activities to commemorate the occasion...

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Oct 31 8:05 AM, Urner Barry

Potbelly Announces 40-Shop Agreement with Royal Restaurant Group

Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced the completion of a 40-unit agreement with Royal Restaurant Group, a national franchise group that successfully operates restaurant locations for global brands.

The agreement will involve the future development of 36 Potbelly shops in markets across both Ohio and Florida. As part of the deal, Potbelly will also refranchise four locations in the greater Columbus, Ohio region.

“We’re delighted to have Royal Restaurant Group join the Potbelly system and further our growth in several key areas of the...

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Oct 31 8:00 AM, Urner Barry

Consumers Experienced Increase in Purchasing Power in September with Slowing Inflation

Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of middle-income households with incomes between $30,000 and $130,000. In September 2023, the average purchasing power for middle-income households was 99.3%, up from 97.4% in August. In September 2022, the index stood at 89.3%.

“Wage growth outpaced the increased cost of necessities in September 2023...

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Oct 30 9:09 AM, Urner Barry

Bird Flu Detected in Several U.S. Commercial Turkey Flocks Last Week

Last week, several commercial turkey operations spanning four states reported positive detections of highly pathogenic avian influenza (HPAI), a highly contagious and often fatal disease in birds. 

HPAI can be spread by direct or indirect contact with infected domestic or wild birds including ducks and geese. The disease can also be spread by contact with the virus on surfaces such as hands, shoes, clothing, and animal fur.

Poultry owners are urged to increase their biosecurity practices to protect their flocks, especially with fall migration underway.


On October 26, HPAI was detected in...


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Oct 30 6:41 AM, UB Newswires

New Frozen Foods Research Reveals Steady Shopping Behavior Among Americans

New research finds that frozen foods maintain their relevance to grocery shoppers and offer a suite of valuable benefits that meet their mealtime needs. The third edition of the Power of Frozen in Retail, released today by the American Frozen Food Institute (AFFI) and FMI – The Food Industry Association, reports that frozen food sales reached $74.2 billion over the last year and that the core consumer audience remains steady, indicating a bright future ahead for performance. In a survey of more than 1,700 consumers, respondents indicated they find...

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Oct 26 9:50 AM, Urner Barry

RLS Logistics New Jersey Cold Storage Warehouse Expansion Opens

RLS Logistics, a leading cold chain solutions provider, announces the opening of its expansion at its Newfield, NJ cold storage warehouse. The expansion has brought capacity for all teams at this campus.

"We are excited to bring cold storage capacity to our Newfield cold storage warehouse. This development provides growth opportunities not only in our cold storage business but also in our direct to consumer fulfillment and cross docking warehouse business units," said Russell Leo, CEO of RLS Logistics.

Their New Jersey 3PL warehouses offer frozen and refrigerated shippers looking for...

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Oct 26 8:00 AM, Urner Barry

New Supply Chain Tech Aids in Effectiveness and Efficiency

Several new, innovative technologies are giving operators quick access to more data that can help them make better purchasing decisions, take advantage of optimal pricing, and ensure quality.

Making better decisions more quickly

One of those innovations is the increased availability of real-time supply chain data, which allows management teams to take the information and use it to make better decisions more quickly to manage food and supply costs, address supply chain disruptions, streamline logistics, and access product provenance.

“During the last few years...

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Oct 26 7:51 AM, Urner Barry

Wakefern Food Corp. Welcomes New Leaders at Annual Meeting

Wakefern Food Corp. welcomed a new chairman and president during the company’s annual meeting Oct. 19, when shareholders, store leadership teams and staff joined together for the event at the Hanover Marriott Hotel in Whippany, NJ.

Outgoing Chairman Joseph Colalillo paid tribute to the cooperative he led for 18 years as he welcomed Sean McMenamin as the new chairman and Mike Stigers as Wakefern’s new president. McMenamin, who served as vice chairman of the board, is also president of McMenamin Family Markets, which operates two ShopRite stores in Philadelphia...

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Oct 25 9:12 AM, Urner Barry

The Retail Rundown: Roast Features Heat Up as Temperatures Dip

An early-season snowstorm has arrived for portions of the Northwest, bringing accumulations of up to a foot in areas including Mondana and North Dakota. The system is forecast to spread into the North Plains by midweek, according to the National Weather Service.

A cold front will bring frigid temperatures southeastward towards the week's end, with single-digit temperatures possible for some regions. In contrast, much of the central and eastern U.S. is experiencing near or above-average temperatures this week...

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Oct 25 7:10 AM, UB Newswires

Golden State Foods Promotes Three Leaders into Group Vice President Roles

Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce the promotions of three leaders. In GSF’s Irvine, California corporate global headquarters, promotions include Ken Mance to group vice president, human resources and labor, as well as Dave Norman to group vice president, corporate controller. Based in Arkansas City, Kansas, Bryan Bartee will now serve as group vice president, operations for the company’s KanPak Kansas dairy products facility.

With oversight of labor relations and employee relations, as well...

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Oct 24 1:49 PM, Urner Barry

Corn Harvest Up to 59% in Latest Crop Progress Report

The corn harvest as of Sunday, October 22nd, was up to 59% completion, according to the latest USDA survey. This figure is on par with year-ago progress and is ahead of the 5-year average by five points. Corn in the mature stage has reached completion.

Nearby corn futures were last trading 3 cents lower per bushel.

76% of soybeans have been harvested so far this season, up from 62% the week prior. This figure exceeds the 5-year average by 9 points but is behind the year-ago figure...

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Oct 24 9:57 AM, UB Newswires

SVB Foods Expands with Acquisition of Vita Specialty Foods

SVB Foods is pleased to announce its acquisition of Vita Specialty Foods. SVB Foods is a trusted contract packaging food manufacturer specializing in savory condiments like salad dressings, marinades, and sauces. Vita Specialty Foods offers a portfolio of food products through licensing agreements, private labeling, and its own brands, including the nationally acclaimed Virginia Brand Vidalia Onion Vinaigrette.

This strategic acquisition marks a significant milestone for SVB Foods, reinforcing its commitment to enhancing its product portfolio and expanding its presence in the food industry. Terry Hess, CEO of SVB Foods, expressed...

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Oct 23 9:46 AM, Urner Barry

Shoppers Want Sales Specials, Now More Than Ever

With summer coming to a halt, many consumers were back in the kitchen making home-prepped meals in September.

The share of meals prepared at home increased to 78.8%, slightly up from August (76.8%), according to a recent category update from 210 Analytics (with data provided by Circana).

“This upholds patterns observed in 2021 and 2022, in which at-home meal preparation dips in the summer and increases month-over-month throughout the fall and holiday season,” said Jonna Parker, team lead of fresh for Circana.

Full Story »
Oct 20 8:45 AM, SeafoodNews

Consumers to Spend Nearly $900 to Celebrate the Winter Holidays

Those celebrating the winter holidays expect to spend $875 on average on gifts, decorations, food and other key seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The amount is $42 more than consumers planned to spend in 2022 and is in line with the average holiday budget over the last five years.

“The winter holidays are an important tradition to many American families, and shoppers are prioritizing their holiday purchases for the people most important to them,”...

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Oct 19 11:18 AM, Urner Barry

The More the Merrier: ALDI Cuts Prices So Families Can Save More and Seat More This Thanksgiving

To help customers spend less and seat more guests this Thanksgiving, ALDI is dishing out a big helping of savings on over 70 holiday classics. Starting Nov. 1, and lasting throughout the entire holiday season, customers will see price reductions of up to 50% on items across the store. These items include seasonal favorites like gravy, potatoes, green beans, cranberries and pumpkin pie, as well as staples such as butter and flour*. With these extra savings on top of ALDI every day...

Full Story »
Oct 19 9:14 AM, Urner Barry

ANALYSIS: A Birds Eye View of Conventional The Shell Egg Market Over the Back Half of 2023

The back half of 2023 has experienced something that we seldom seem to speak of anymore: steadiness. From May 26th through August 9th our Midwest Large benchmark quote went unchanged for 75 days which tied the all-time record which was initially set in 1990. Following this, over a stretch of 6 weeks prices increased from $1.28/dozen to a high of $1.74/dozen and then subsequently declined to $1.33/dozen over the succeeding 3 weeks...

Full Story »
Oct 19 8:00 AM, Urner Barry

US House Void of Speaker as Continuing Resolution Approaches Expiration

The US House remains without a speaker as the continuing resolution enacted by Congress on September 30 approaches its expiration on November 17.

The House voted to remove Kevin McCarthy as speaker of the House on October 3 after the government narrowly avoided a partial shutdown. For two weeks, legislative business in the House has come to a grinding halt as Republicans remain divided on electing a candidate. 

Ohio Congressman Jim Jordan remained short of the 217 votes needed to be elected speaker on Tuesday. The House is expected to...

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Oct 19 7:38 AM, UB Newswires

The $1 Billion Bet to Get Us Our Steak and Ice Cream

Related, the well-known investor in office towers and apartment buildings, is wagering $1 billion on a niche real-estate sector often associated with frozen pizzas, steaks and yogurt.

An affiliate of the New York-based firm is launching a business called RealCold, a network of cold storage distribution facilities that aims to benefit from the rise in online grocery shopping and America's evolving eating habits.

RealCold plans to break ground later this year on its first two cold storage locations, in Lockhart, Texas and Lakeland...

Full Story »
Oct 18 8:39 AM, Urner Barry

Free Meals for Israeli Soldiers Divide McDonald's Franchises

McDonald's franchises in some Muslim countries disavowed a move by the company's Israeli restaurants to give free meals to the Israeli military, highlighting the polarized regional politics that global corporations navigate during war.

McDonald's Israel said on its social media accounts last week that it has given thousands of free meals to Israel Defense Forces personnel. On Sunday, the franchise stated again that it was donating meals, "to all those who are involved in the defence of the state, hospitals, and surrounding areas."

Around 1,300 Israelis were killed by Palestinian militant group...

Full Story »
Oct 18 8:21 AM, Urner Barry

United Natural Foods Deploys New Zero-Emission Refrigerated Delivery System 

United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announces that it is taking its next steps toward a zero-emissions future by deploying two battery-electric semi-trucks and five regenerative electric refrigerated trailer systems. UNFI is deploying the trucks and trailers in the Sacramento and Gilroy, California markets, just in time for the peak holiday selling season.

UNFI worked with Penske Truck Leasing to secure two, class-8 electric trucks, which include the Freightliner eCascadia, and the Volvo VNR Electric models. Both vehicles are well equipped...

Full Story »
Oct 18 8:00 AM, Urner Barry

The Retail Rundown: Keeping a Watchful Eye on Bird Flu

The threat of Highly Pathogenic Avian Influenza (HPAI) has resurfaced, with USDA reporting detections among commercial turkey flocks in South Dakota, Utah, and Minnesota earlier this month and again last week.

The fall migration of wild birds as they head south for winter could bring a new wave of infection, renewing concerns among market participants about the potential supply and trade implications of bird flu. The latest detections were on Friday, October 13, on two WOAH Non-Poultry operations located in North Dakota and Montana along with one commercial turkey...

Full Story »
Oct 18 7:11 AM, UB Newswires

Albertsons Companies, Inc. Reports Second Quarter Fiscal 2023 Results

Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2023, which ended September 9, 2023.

Second Quarter of Fiscal 2023 Highlights

  • Identical sales increased 2.9%
  • Digital sales increased 19%
  • Loyalty members increased 17% to 37.4 million
  • Net income of $267 million, or $0.46 per share
  • Adjusted net income of $368 million, or $0.63 per share
  • Adjusted EBITDA of $977 million

Vivek Sankaran, CEO commented, "During the second quarter, we continued to execute against our Customers for Life transformation...

Full Story »
Oct 17 10:11 AM, Urner Barry

Walmart Opens High Tech Fulfillment Center Near Dallas

Walmart associates were joined by local elected officials and community members today to celebrate the grand opening of a new 1.5 million square-foot fulfillment center 15 miles south of Dallas, located at 2500 Belt Line Road in Lancaster. This next generation facility will enable the retailer to fulfill more orders, more quickly.

"This is an exciting day for the City of Lancaster, and we are thrilled to be the new home of Walmart's newest state-of-the-art fulfillment center," said Lancaster Mayor Clyde C. Hairston...

Full Story »
Oct 17 10:04 AM, Urner Barry

Soybean Harvest Progressing at Rapid Pace in Latest Crop Progress Report

The corn harvest as of Sunday, October 15th, was up to 45% completion, according to the latest USDA survey. This figure outpaces 2022 progress by two points and is three points ahead of the 5-year average.

Corn in the mature stage is nearing completion at 95%. The condition of the corn crop was nearly unchanged from the previous week, with 29% rated fair, 43% good, and 10% excellent.

Nearby corn futures are trading 1 to 1 ¾ cents lower so far this morning...

Full Story »
Oct 17 9:31 AM, UB Newswires

Walmart Staffed up for Holidays; US Retailers Cautious about Economy

Walmart signaled it has enough staff for the holidays, in another sign that top U.S. retailers, fearing a seasonal shopping slowdown, are holding off on the typical hiring sprees for the peak period.

"We're staffed and ready to serve the customers this holiday season," Maren Dollwet Wagonner, senior vice-president of people, said in a LinkedIn post last week. "We've been hiring throughout the year to be sure we are ready to serve customers however they want to shop."

Stores needing extra hands will offer workers additional hours and hire...

Full Story »
Oct 17 8:01 AM, Urner Barry

Sysco Breaks Ground on New Facility in Mesa, Arizona

$102 Million Investment Will Bring 257 New Jobs and a 353,600 Square Foot Facility to the Community
MESA, Ariz., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation, the leading global foodservice distribution company, held an event today to celebrate the groundbreaking of its new 353,600-square-foot facility, Sysco Arizona East.

Attendees at the event included Sysco executives as well as:

  • Mayor John Giles, City of Mesa,
  • Arizona State Representative Neal Carter District 15,
  • Arizona State Representative Lorena Austin District 9, and
  • Arizona State Representative Seth Blattman District 9...
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Oct 16 8:03 AM, Urner Barry

The Fresh Market is Now on DoorDash

Guests of The Fresh Market can now experience the benefit of delivery to their doorstep through the convenience of DoorDash, the local commerce platform. Now available on the DoorDash Marketplace, with delivery from its 161 stores, the specialty fresh food retailer is providing guests the flexibility and option to shop for favorite weekly meals, special occasions, and dinner-on-the-go, capitalizing on The Fresh Market’s omnichannel approach to enhance the customer experience. The timely launch aligns well with the upcoming holiday season, historically The Fresh Market’s busiest time of the year...

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Oct 13 9:39 AM, Urner Barry

Dollar General Corporation Board of Directors Appoints Todd Vasos as Chief Executive Officer

Dollar General Corporation (NYSE: DG) announced Todd Vasos, current Board member and former Chief Executive Officer (CEO), has been appointed CEO effective today. Vasos, who previously served as Dollar General’s CEO from June 2015 to November 2022, has agreed to return to lead the Company for the foreseeable future. He will remain a member of the Board of Directors, a role he has held since 2015. Vasos succeeds Jeff Owen, whose separation from the Company and resignation from its Board is effective today...

Full Story »
Oct 13 9:29 AM, Urner Barry

Olo Introduces Catering+ to Streamline Bulk Ordering and Drive Added Revenue for Restaurant Brands

Olo Inc. (NYSE:OLO), a leading open SaaS platform for restaurants, today announced the launch of Catering+, an enterprise-grade solution purpose-built to enable seamless order management and unlock additional revenue for its more than 600 restaurant brands. Several additional features and enhancements are available now across Olo’s three product suites, Order, Pay, and Engage, to help restaurants drive sales, improve operations, and deliver a better guest experience.

As market research shows a resurgence in catering demand, Olo’s enhanced catering offering, Catering+, simplifies...

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Oct 13 8:00 AM, General News

Import Cargo Slowing Along with Spending Growth

Import cargo volume at the nation’s major container ports has already hit its expected peak for the year and should gradually slow headed into the holiday season, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Cargo volumes will still be strong the rest of the year, but not as high as we expected a month ago,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers stocked up early this year as a safeguard against supply chain labor issues and are...

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Oct 11 8:00 AM, Urner Barry

U.S. Consumers Spent More on Food in 2022 Than Ever Before, Even After Adjusting for Inflation

The USDA, Economic Research Service’s (ERS) Food Expenditure Series (FES) provides a comprehensive measure of the total value of all food purchases in the United States. The series tracks spending on food intended to be prepared at home, such as from grocery stores, and food that is prepared away from home, such as at restaurants. The FES allows Government agencies, academic researchers, and industry stakeholders to assess and track developments in consumer food-buying behaviors and the U.S. food supply...

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Oct 10 9:40 AM, Urner Barry

How Independent Market Intelligence Can Be A Gateway to Cost Savings, Efficiency and Beyond

Supplier Relationship Management

In today's dynamic business landscape, effective supplier management stands as a linchpin in achieving operational excellence and cost savings. One critical aspect of this process lies in Supplier Performance Reviews, a meticulous evaluation of suppliers' adherence to predefined criteria and standards. By streamlining this crucial function, companies can unlock a myriad of benefits, ranging from enhanced operational efficiency to substantial cost reductions.

Independence Intelligence

In the realm of supplier performance evaluations, market intelligence and independent price information from companies...

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Oct 10 2:47 AM, Urner Barry

Pepper Lunch Signs Significant North America Multi-Unit Development Agreement

Pepper Lunch, the Japanese-born experiential fast-casual concept unlike any other, with more than 500 locations in 15 countries, has announced it has signed its first development agreement for North America since announcing the company’s investment in domestic expansion earlier this year, and less than three months after it filed its FDD.

The B.I.D. Investment Group has signed on to develop 10 units over the next five years in and around the Phoenix, AZ area, with the first location planned to open in late Q3, 2024...

Full Story »
Oct 9 1:49 PM, Urner Barry

Despite ‘One Thing’ or ‘Another,’ NRF Economist Says U.S. Economy Still Shows Resilience

The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said today.

”As Gilda Radner used to say on Saturday Night Live, ‘If it’s not one thing, it's another,’ ” Kleinhenz said. “This is certainly one of those times when that expression fits well with what is going on in the economy.”

“New turbulence from the expanding autoworkers strike and the threat of...

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Oct 9 8:16 AM, Urner Barry

White Castle Draws Inspiration from Asian Flavors in New Recipes Using Sliders

White Castle, the innovative and iconic fast-food restaurant and CPG brand, is tantalizing America's tastebuds with a trio of new fusion recipes, featuring popular Asian-inspired flavors. The Maruchan Ramen Sliders, the Pork Belly Chicken Sliders and the Bahn-Mi Sliders bring together flavors in wholly new ways, perfect for adventurous Cravers seeking out new flavor experiences.

The new recipes on White Castle's website are being released as the nation celebrates National Noodle Day on Oct. 6...


Full Story »
Oct 5 9:03 AM, Urner Barry

Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Prices

The strategy, as described in redacted parts of FTC lawsuit, is part of agency's case that Amazon has outsize influence on consumer prices used an algorithm code-named "Project Nessie" to test how much it could raise prices in a way that competitors would follow, according to redacted portions of the Federal Trade Commission's monopoly lawsuit against the company.

The algorithm helped Amazon improve its profit on items across shopping categories, and because of the power the company has in e-commerce, led competitors to raise their prices and charge...

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Oct 5 8:00 AM, Foodmarket

Cal-Maine Foods Reports Results for First Quarter Fiscal 2024

Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the first quarter of fiscal 2024 (thirteen weeks) ended September 2, 2023.

First Quarter Fiscal Year 2024 Highlights

  • Quarterly net sales of $459.3 million
  • Quarterly net income of $926,000 or $0.02 per basic and diluted common share
  • Net average selling price for specialty eggs increased 8.4 percent quarter-over-quarter....
Full Story »
Oct 4 10:20 AM, Urner Barry

U.S. Department of Agriculture Announces Key Staff Appointments

The U.S. Department of Agriculture (USDA) today announced the names of individuals who will hold senior staff positions in Washington, D.C.

Tate Mitchell has been appointed as Chief of Staff for the Office of Communications

Tate Mitchell comes to USDA from the White House Office of the Vice President, where she served as Associate Director of Press Operations. In this role, she managed all press operations for the Vice President. Before that, Mitchell served as a Press Assistant at the U.S. Small Business Administration. She also worked on the North Carolina Coordinated...

Full Story »
Oct 4 9:11 AM, Urner Barry

The Retail Rundown: Grocers Try to A-Maize Shoppers this October

October is abuzz with harvest activities and seasonal factors increasingly taking hold, including a transition to cooler weather cooking, particularly as chilly conditions begin to arrive for the West.

However, parts of the country are experiencing unusually warm weather so far this fall, with daily-record high temperatures recorded in areas of South Dakota and Indiana earlier this week.

This has allowed some consumers to extend the outdoor grilling season, considered supportive of meat sales. Moreover, protein consumption is benefitting from several demand drivers this month, including tailgating activities...

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Oct 4 8:05 AM, UB Newswires

Brooklyn Chop House Dumplings are Now Available Nationwide

Brooklyn Chop House & Brooklyn Chop House Grocer, the Black-Owned restaurant group renowned for its innovative fusion of classic Asian cuisine with New York flair team made up of Robert "Don Pooh" Cummins, Dave Thomas, Charles Suitt, and Stratis Morfogen are thrilled to announce the expansion of their famous dumplings in partnership with legendary artist, actress, author and entrepreneur, Patti LaBelle, and Patti LaBelle Foods into over 1,000 Walmart stores exclusively across the United States. Ms. LaBelle brought this deal to Walmart through her company, ZPAC, which focuses on placing minority...


Full Story »
Oct 4 8:00 AM, Urner Barry

Egglife Foods Secures Full Distribution with Food Lion

Egglife Foods, Inc., a Chicago-based innovator harnessing the power of eggs to disrupt the food industry with simple, delicious and nutritious egglife® egg white wraps, today announced its egglife wraps are now available at Food Lion. The popular grocery chain will carry egglife original and everything bagel flavors throughout its more than 1,100 stores in the Southeastern and Mid-Atlantic regions of the country.

"We're thrilled to hit the shelves of Food Lion and expand our geographic reach to more people across the Eastern United States," said David Kroll...

Full Story »
Oct 4 8:00 AM, Urner Barry

Doc's Food Stores Upgrades its Digital Shopping Platform, Partnering with eGrowcery

Doc’s Food Stores, Inc., a 12-store chain operating several banners in Oklahoma, is upgrading its online shopping experience and has chosen eGrowcery, developer of the leading retail food industry eCommerce platform for grocers, as its partner for the future. The supermarket retailer offers a comprehensive selection of products from all grocery categories, as well as prepared foods, with a shopper-friendly interface for orders that are selected and available for customer pick up or delivery.

“Our entire focus at Doc's Food Stores is giving the customer what they ....

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Oct 4 8:00 AM, Urner Barry

Taco Bell Celebrates the Return of Taco Lover's Pass and New Toasted Breakfasst Tacos 

Taco lovers rejoice! Taco Bell's Taco Lover's Pass is back for a limited time, giving the biggest taco fans an extended way to celebrate National Taco Day. Following its first and wildly popular introduction last year, the fan-favorite Taco Lover's Pass is back and better than ever with more options to satisfy the strongest of taco cravings. Joining the offering as a new A.M. addition, and available on menus nationwide starting October 12, will be Taco Bell's all-new Toasted Breakfast Tacos...

Full Story »
Oct 3 3:17 PM, Urner Barry

Corn and Soybean Harvests Both Up to 23% in Latest Crop Progress Report

Corn mature was up to 82% in the latest Crop Progress report, up from 70% the previous week and 7 points ahead of the 5-year average rate.

The corn harvest is up to 23% completion as of Sunday, October 1st. This is ahead of 2022 progress at this time as well as the 5-year average rate of 21%.

States leading the corn harvest include North Carolina with 86% of their harvest completed, Texas with 78%, and Tennessee with 58%...

The condition of the 2023 corn...

Full Story »
Oct 3 9:58 AM, UB Newswires

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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.