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Michael T. Lockard to Become Weis Markets' Senior Vice President and Chief Financial Officer
Weis Markets announced Michael T. Lockard, a long-time financial retail executive, will become the Company's Senior Vice President, Chief Financial Officer (CFO) and Treasurer. He will succeed Scott Frost, who is retiring.
To ensure a smooth transition, Mr. Frost will continue to serve as Chief Financial Officer until March 12, at which time Mr. Lockard will assume the role. As Weis Markets' Chief Financial Officer, Mr. Lockard will oversee the day-to-day management of the company's accounting, auditing and financial functions. He will report to Jonathan Weis, Weis Markets Chairman and Chief Executive Officer.
Mr. Lockard has more than 25 years of senior-level executive experience in retail, supermarket and...
Fueled By the Pandemic, Consumer Packaged Goods Purchases Grew 19% in 2020 Compared to 2019
As consumers hunkered down at home during most of last year, their spending on consumer packaged goods (CPG) grew an average of 19% in 2020 compared to 2019 according to the latest data from NCSolutions, a leader in advertising effectiveness for the CPG industry.
The COVID-19 pandemic caused a significant shift in CPG purchasing habits in 2020 — not just in how much consumers spent, but on what. According to a new NCS consumer survey of more than 2,000 adults, nearly half (47%) of Americans indicated they tried...
NRF Says 2020 Holiday Sales Grew 8.3 Percent Despite Pandemic
Retail sales during 2020’s November-December holiday season grew an unexpectedly high 8.3 percent over the same period in 2019 to $789.4 billion, exceeding the National Retail Federation’s holiday forecast despite the economic challenges of the coronavirus pandemic, NRF said. The numbers include online and other non-stores sales, which were up 23.9 percent at $209 billion.
“Despite unprecedented challenges, consumers and retailers demonstrated incredible resilience this holiday season,” NRF President and CEO Matthew Shay said. “Faced with rising transmission of the virus, state restrictions on retailers and...
Tyson Introduces New Instant Pot Kit Options
"What's for dinner?" has taken on an entirely new meaning over the last year with more people cooking at home. New flavors of Tyson Instant Pot Kits, Tyson Instant Pot Seasoned Proteins and Tyson Oven Ready Family Size Kits are just what families need to ease the burden and cooking fatigue—protein-packed meals offering that made from scratch taste without the effort.
Cooking and preparing meals from home has increased 67-percent since COVID-19 began. After months of home-cooked meals, families are turning to prepared foods and easy prep meals as a way to...
NRF Welcomes Necessary Aid as Biden Unveils Stimulus Plan
The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to the release of President-elect Biden’s plan to combat the coronavirus and stimulate the nation’s economic recovery.
“The stimulus plan released by President-elect Biden is expansive in scope, but it serves as an encouraging signal that the new administration intends swift action to support businesses and...
ANALYSIS: Pork Bellies Kicking Off 2021 with Volatility
Last year, the conversation in January for light and medium bellies focused on how depressed prices were going into 2020, with values starting the year...
ANALYSIS: Boneless Chicken Breasts Blaze the Seasonal Trail
Since the year’s outset, several key lines within the chicken white meat complex have experienced a considerable uptick in...
ANALYSIS: Shell Egg Prices Rise Amid Strong Retail Demand, Seasonal Flock Rotations
After holding steady for more than two weeks, shell egg prices got a push to the upside today amid strong retail demand and...
Walmart and HomeValet Pilot Smart Box Technology to Receive Fresh Deliveries
When Walmart launched its grocery delivery service in 2018, the company did it for one reason – customers wanted it. Since then, it’s been a lifesaver for busy families. They can simply shop their local store from anywhere and schedule a time to have it delivered right to their front door. It’s incredibly convenient.
But as Walmart's founder, Sam Walton, once said, “To succeed, stay out in front of change.” It’s why Walmart is continuously testing new technology, like drones and autonomous vehicles, to find new ways to serve customers. "Which made us think – what if we could...
FreshDirect Reveals Top Food Trends for 2021; Online Grocery and Home Cooking Boom to Continue
FreshDirect, a leading pure-play online fresh food grocer serving the Northeast, announced its top food trends for 2021. This year’s predictions were curated by FreshDirect’s in-house team of food experts. As food retailers at the forefront of the industry, FreshDirect has a unique and early view of cutting-edge grocery, ecommerce, and customer trends.
“As a leading online grocer, we have a unique and unmatched ability to understand the ever-changing buying habits of our customers. Our view on past orders, as well as those placed in the future, allows us to spot changes in trends quickly and react to them in real-time. The rapid increase in demand for online grocery and the boom in...
Albertsons Companies Reports Third Quarter Fiscal 2020 Results
Albertsons Companies, Inc. reported results for the third quarter of fiscal 2020, which ended December 5, 2020.
Third Quarter of Fiscal 2020 Highlights
2020 Retail Imports May Break Record Despite Pandemic
Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“Nobody would have thought last spring that 2020 would be a record year for imports, but it was clearly an unpredictable year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Consumers and retailers once again proved their resilience in the face of unprecedented challenges. Thanks in part to government stimulus, retail sales saw...
Giant Food Launches New Private-Label Cook-in-Bag Product Line
Giant Food, the leading greater Washington D.C. regional grocery chain, announces its new private-label Cook-in-Bag product line of convenient meal solutions that will be available at all 164 Giant stores. The new line includes fourteen different meat and seafood entrees that come pre-seasoned or marinated in an oven-ready bag, keeping preparation and clean up to a minimum.
"Our Cook-in-Bag products offer flavorful and simple meal solutions, particularly at a time when many are experiencing cooking fatigue at home," said Tonya Herring, Senior Vice President and Chief Merchandising Officer for Giant Food. "These dishes allow families to explore new recipes that can be paired with...
Instacart Announces Finance Industry Veteran Nick Giovanni is Joining the Company as CFO
Instacart, the leading online grocery platform in North America, announced it has appointed Nick Giovanni as Chief Financial Officer, effective January 27, 2021. Giovanni will oversee finance, accounting and corporate development for the Company, and will report directly to Founder and Chief Executive Officer Apoorva Mehta. Giovanni will succeed current CFO Sagar Sanghvi and the two will be partnering together to ensure a seamless transition.
"We want to thank Sagar for all of his contributions to Instacart over the last five years. During his time at the company, Sagar helped us navigate some of our biggest business milestones while...
ANALYSIS: Chicken Wings Start Year Undefeated
With NFL playoff season at our doorstep, wing marketers are ordinarily gearing up as they prepare for one of the busiest quarters of the year...
Albertsons Companies Debuts Automated Grocery PickUp Kiosk in Chicago
Albertsons Companies announced that it is the first American grocer to pilot an automated and contactless grocery PickUp kiosk. The kiosk, located at one of its Jewel-Osco stores in Chicago, demonstrates continued expansion of the company’s eCommerce business and deep commitment to providing easy service through its websites and apps.
The automated, temperature-controlled kiosk, created by Cleveron, provides a contactless pickup experience. Customers who select the “Kiosk PickUp” option will be offered 2-hr time slots during which to pick up their groceries.
When customers arrive at the kiosk, they scan a code on their phone and their groceries are...
Jimmy Dean Breakfast Offerings Expand with Introduction of Plant-Based Patty Sandwiches
Jimmy Dean brand, part of the Tyson Foods portfolio of brands, is meeting the growing demand for meat alternative options with the launch of two new sandwiches featuring a plant-based patty: Jimmy Dean Plant-Based Patty, Egg & Cheese Croissant Sandwich and Jimmy Dean Delights Plant-Based Patty & Frittata Sandwich.
A Breakfast Revolution
Demand for plant-based food options has grown exponentially with retail sales up 148 percent more than last year amid the on-set of COVID-19 in mid-March. By the end of 2020, a majority of Americans reported...
Cal-Maine Foods Reports Second Quarter Fiscal 2021 Results
Cal-Maine Foods, Inc. reported results for the second quarter of fiscal 2021 (thirteen weeks) and twenty-six-week period ended November 28, 2020.
Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5 percent increase compared to $311.5 million for the second quarter of fiscal 2020. The Company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or...
NRF Chief Economist says Latest Stimulus will Help Continue Recovery from Pandemic
Economic challenges brought on by the coronavirus pandemic will continue in 2021, but stimulus legislation signed into law just after Christmas will help maintain and accelerate the nation’s ongoing recovery, National Retail Federation Chief Economist Jack Kleinhenz said.
“As we closed out 2020, it was an end to a whirlwind year whose challenging economic environment will almost certainly continue in 2021,” Kleinhenz said. “The coming year might be just as eventful as the economic recovery faces many uncertainties...
Britain’s Drive Thru Spend Up 45% September to November 2020
The trend for ordering food and drinks from our cars at Britain’s growing number of drive-thru restaurants soared from September to November 2020 according to global information company The NPD Group. There were 121 million visits to Britain’s 2,000 quick service restaurants (QSR) that offer drive-thru in those three months in 2020, a 14% increase on the same period last year. Spend was up 45% to £723m over this time frame, with consumers tending to place larger-than-average orders at the drive-thru window.
According to footfall analysis from NPD’s SnapMyEats data, the growth in drive-thru in these three months was a result of consumers switching from eating in and takeaway options during lockdowns and tiering, rather than...
Amazon Continues to Expand Its Transportation Fleet With Purchased Aircraft
Amazon announced its first-ever purchase of eleven Boeing 767-300 aircraft, expanding its fleet to continue to serve customers. The purchases include seven aircraft from Delta and four aircraft from WestJet, which will join the network by 2022. Amazon Air’s fleet expansion comes at a time when customers are relying on fast, free shipping more than ever.
“Our goal is to continue delivering for customers across the U.S. in the way that they expect from Amazon, and purchasing our own aircraft is a natural next step toward that goal,” said Sarah Rhoads, Vice President of Amazon Global Air. “Having a mix of both...
Grocers Begin Offering the COVID-19 Vaccine
As shipments of the COVID-19 vaccine are being sent out around the United States, grocery chains are preparing to offer the vaccine through their pharmacies. Clearance for immunizations came in December, after the FDA authorized the use of the first COVID-19 vaccine developed by Pfizer and its German partner BioNTech SE. The second vaccine to be authorized was developed by Moderna, which the FDA stated can be given to people 18 years of age and older and cited the shot's high effectiveness in preventing COVID-19 in a large clinical study.
Kroger announced it will provide the COVID-19 vaccine nationwide across its 2,200 pharmacies and 220 clinics, partnering with the federal government and state health departments to administer the vaccine in accordance with...
USDA Approves Maine to Accept SNAP Benefits Online
U.S. Secretary of Agriculture Sonny Perdue announced approval of a request from Maine to provide online purchasing of food to Supplemental Nutrition Assistance Program (SNAP) households. This approval will allow Maine to expedite the implementation of online purchasing with currently authorized SNAP online retailers with a target start date to be announced at a later time.
Maine’s SNAP participation is more than 144,000 individuals, more than 78,000 households, and totals $204 million annually in federal benefits. This announcement further demonstrates...
REPORTER: Egg Product Markets Rally to Second Half Highs
Though retail demand for shell eggs has run significantly above average since the peak pandemic period, foodservice demand has struggled to return to normal volumes. As much as 22% of all U.S. production is destined for this channel, around 7% being shell eggs and the rest going into the sector in the form of egg products.
Processors have been forced to reduce outputs over the last eight months, evident in the USDA’s Eggs Processed Under Federal Inspection report, which showed total cases broken running at about 1.1 million a week from...
Save A Lot Announces Sale of 51 Stores to Fresh Encounter
Save A Lot, one of the largest discount grocery chains in the U.S., today announced the latest update to its wholesale model transition with the sale of its 51 company-operated stores in the Tampa, Florida market to Fresh Encounter, a current Save A Lot Retail Partner licensee. Fresh Encounter will continue to operate the stores under the Save A Lot banner.
Today’s announcement builds on the successful completion of a comprehensive recapitalization of the business and significant deleveraging of the Company’s balance sheet in early 2020...
REPORTER: A Food Trend Forecast for 2021
Predicting what foods will be popular in the upcoming year is no easy task given the uncertainty surroundingconsumers due to the pandemic. The food industry particularly has become more flexible than ever thispast year, and people are eager to get back to normal. But how will COVID-19 concerns and restrictions impact foodtrends in 2021?
Despite all the unknowns that exist, Technomic’s outlook for the industry remains optimistic. Optimizing the menu,directly addressing consumer needs and concerns, investing in technology to streamline transactions, and continuing to...
REPORTER: Are “Dark Stores” the Future of Grocery Shopping?
Grocery stores closed to the public? That may be the future as more consumers look to get their food sent right to their doorsteps.
The surge in online grocery shopping has led several top retailers to create “dark stores,” which may look like grocery stores on the outside, but are solely in operation to fulfill online and pickup orders.
Throughout the pandemic many retailers opened up dark stores to keep up with online orders, generally as atemporary solution to consumers looking to remain at home over coronavirus fears...
Get to Know Players in the Plant Protein Market: Planterra Foods
One of the fasted growing plant protein brands in the industry has achieved a remarkable 6% market share in a brisk 13-week period. Colorado based Planterra Foods, a subsidiary of Brazilian food giant JBS, has taken the plant-based market by storm with its OZO brand product line of burgers, ground, sausages, and meatballs.
Prior to its debut, OZO had an interesting start as a whiteboard drawing during a design brainstorming session. During the session, a team member at Planterra Foods first drew a globe representing the earth. Another team member added a second circle representative of...
FiveStar Gourmet Foods Debuts New Salad Featuring Beyond Meat
FiveStar Gourmet Foods is partnering with Beyond Meat to bring more salad protein choices to consumers. FiveStar is introducing a new Simply Fresh Taco Salad made with Beyond Meat, featuring plant-based beef crumbles from Beyond Meat.The new 7.5-oz complete salad recently debuted in Publix supermarkets. Available to retailers nationwide starting in January, the salad is just one of the many new product possibilities for the culinary giant.
"We are thrilled to be working with Beyond Meat, a company we appreciate and respect. This partnership allows us to be more versatile with our main product lines and enables...
Mercato Hires Jean-Michel Boujon as Chief Marketing Officer
Mercato, the online grocery eCommerce platform for independently owned grocery and specialty food stores, announced that it has hired Jean-Michel Boujon to be its Chief Marketing Officer. Boujon will direct all efforts associated with Mercato's brand, user acquisition, and lifecycle marketing. In addition, he will seek to advance the trend of consumers choosing to source their groceries from independent, locally-owned retailers.
"I am thrilled to announce that Jean-Michel has joined Mercato and to have him apply his talents to our company at such an important moment of our growth phase," said Bobby Brannigan, founder and CEO of Mercato. "He has a proven ability to...
FDA Warns Whole Foods Market After Repeated Food Recalls for Undeclared Allergens
Today the U.S. Food and Drug Administration (FDA) posted a warning letter issued to Whole Foods Market for a pattern of receiving and offering for sale misbranded food products necessitating a series of food recalls for allergens. In the last year, Whole Foods Market has recalled more than 30 food products because the presence of major food allergens was not listed on the finished product labels. The FDA noticed similar patterns of numerous recalls by Whole Foods Market for undeclared allergens in previous years as well. These products included...
COVID-19 Fuels a 50% Increase in Omnichannel Shopping Across the U.S.
The COVID-19 pandemic has democratized e-commerce for all types of consumers, and over 18 million CPG buyers (and counting) in the U.S. have flooded the online space since March. Online shoppers have been mirroring their purchasing within the channel to their constantly shifting, pandemic-related needs and are becoming further entrenched in their shopping behaviors.
But not all online engagement leads to an online purchase. For many, online channels are a key means to compare prices, research new products and find physical stores, giving way to...
China’s Shifting Retail Landscape Signals the Permanence of Change Post-COVID-19
China’s rebound from COVID-19 has been unique. It came faster and with more demonstrable economic tailwinds for the economy than other markets. But it has also been a bellwether that has helped point to consumer behaviors elsewhere that have inevitably followed China’s lead. An example is the rebalancing of retail playing out around the world.
Pandemic-led shifts to further online adoption and an increased focus on neighborhood and small-format stores have become an ongoing normal. Though different to other markets, China helps us understand...
Kroger Shares Top 10 Trending Foods of 2020
The Kroger Co. announced the top 10 trending foods of 2020, as well as its food trend predictions for 2021.
Based on year-over-year sales growth across Kroger's business, including nearly 2,800 retail stores and pickup, delivery and ship, the trending foods and beverages of 2020 included:
November Retail Sales give Holiday Season Solid Start
November retail sales dipped from the month before but still showed the sixth consecutive monthly year-over-year gain by government calculations and set the stage for a healthy holiday shopping season compared with last year despite the pandemic, the National Retail Federation said today.
“Consumers held back on spending in November as virus rates spiked, states imposed retail restrictions and congressional stimulus discussions were gridlocked,” NRF President and CEO Matthew Shay said. “While consumers have been bolstered by increases in disposable income and savings, it’s clear that additional...
Sanderson Farms Reports Results for Fourth Quarter and Fiscal 2020
Sanderson Farms, Inc. reported results for the fourth quarter and fiscal year ended October 31, 2020.
Net sales for the fourth quarter of fiscal 2020 were $940.0 million compared with $906.5 million for the same period a year ago. For the quarter, the Company reported net income of $27.9 million, or $1.26 per share, compared with...
Food Discounter Sales Set to Grow Over 10% in 2020
While COVID-19 has proved catastrophic for many of Britain’s retailers, new research from Mintel reveals that this year has been a success story for food discounters, such as Aldi and Lidl, as sales grew 11% in 2020.
By the end of the year, Britain’s savvy shoppers will have spent an estimated £24 billion at food discounters. And, according to Mintel research, the nation’s love of discounters is set to continue as by 2025 Mintel estimates that food discount sales will top...
Walmart and Gatik Go Driverless in Arkansas and Expand Self-Driving Car Pilot To a Second Location
Last year Walmart began an autonomous vehicle pilot with Gatik to move customer orders on a two-mile route between a dark store (a store that stocks items for fulfillment but isn’t open to the public) and a Neighborhood Market in Bentonville, Arkansas. Since then, Walmart has safely driven more than 70,000 operational miles in autonomous mode with a safety driver.
Now, the company is taking the next step forward: Gatik’s multi-temperature Autonomous Box Trucks will operate this route driverless in the state of Arkansas. This achievement marks a new milestone that signifies...
Mercato Hires Emily Keeton as Chief Financial Officer
Mercato, the eCommerce platform for independently owned grocery and specialty food stores, announced that it has hired Emily Keeton to be its Chief Financial Officer. In this role, Keeton will oversee all financial and administrative functions at Mercato.
Bobby Brannigan, founder and CEO of Mercato, said: "Emily is a terrific addition to our leadership team and we are excited to leverage her expertise and deep skillset as our company continues on its path of...
2021 Food Label Trends Deliver Safety and Security for Consumers and Retailers
As U.S. consumers turned to takeout, food delivery and online grocery shopping during the COVID-19 pandemic, food and beverage labeling took on fresh importance. Citing a 15-20% increase in grocery industry sales this year, and e-commerce sales up 43%, sustainable label leader UPM Raflatac found its grocery and restaurant delivery customers want to provide an increasingly safe experience with labels that provide visible safeguards for human health and protections for the environment.
"We knew packaging needs would change for our food industry customers given the COVID-19 shopping impact, and we are encouraged to see...
Retail Imports Still Strong after Setting New Records for The Holiday Season
Imports remain strong after setting new records this fall as retailers stocked up both stores and warehouses for the holiday season and met new demands for quick delivery of online orders, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“The pandemic has made the past year one of the most trying the supply chain has ever seen, but retailers have met that challenge,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We’ve gone from not knowing whether we would be able to...
Panasonic Explores How the Pandemic has Transformed Food Services and Food Retail Industries
Panasonic Corporation of North America, a leading technology company, released its industry survey as to how the COVID-19 pandemic has transformed Food Services and Food Retail businesses. The new study reveals that one in four Food Services and Food Retailers now view their companies as tech-forward early adopters, up from one in eight prior to the pandemic.
The research is a follow up to a previous study conducted by Panasonic shortly before the coronavirus outbreak. In late 2019, Panasonic conducted a food industry pulse survey in association with...
Technomic's Take: 2021 Global Trends Outlook
We can only guess what’s in store for 2021 in the global restaurant space. 2020 showed us—among so many things—that what’s expected and what happens don’t always align, to say the least. That said, we think our 2020 restaurant trend forecast holds up fairly well given the reality of the marketplace affected so drastically by the pandemic. Ghost kitchens certainly moved mainstream. Vegan fare got more space to stretch and grow. Plant-based meats continued to inform product development, especially across Asia. Beverage chains certainly broke out from the crowd—again, especially in Asia. And halloumi, pinsa pizzas and sliders had strong showings on chain menus across the world. So, what’s in store for the coming year...
United Natural Foods Reports First Quarter Fiscal 2021 Results
United Natural Foods, Inc. reported financial results for the first quarter of fiscal 2021 (13 weeks) ended October 31, 2020.
First Quarter Fiscal 2021 Highlights (comparisons to first quarter fiscal 2020)
After Healthcare Workers, Essential Meat and Poultry Workers High Priority for COVID Vaccine
The North American Meat Institute (Meat Institute) urged federal authorities to highly prioritize COVID-19 vaccination for the men and women who work in the meat and poultry industry, following healthcare workers and those in long term care facilities.
Meat Institute President and CEO Julie Anna Potts commented:
"The men and women of the meat and poultry industry help keep America’s grocery stores stocked and our farm economy working. They should be...
UNFI Commits to Setting Science-Based Targets to Limit Climate Change Impact
United Natural Foods, Inc., one of the largest wholesale grocery distributors in North America, announced that it will lead the way towards a net-zero economy by setting science-based emissions reduction targets covering its own operations and value chain. UNFI expects its targets will align with the goals of the Paris Agreement, to limit global temperature rise to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C for the best chance of avoiding the worst impacts of climate change. UNFI is the first North American wholesale grocery distributor to commit to such a target.
UNFI’s targets–which are expected to be submitted for approval to the Science-Based Targets initiative (SBTi) within the next year–are a core element of...
NRF Chief Economist Says Pandemic Made this Year's Holiday Forecast the Most Challenging Ever
With the coronavirus pandemic presenting unique circumstances for the nation’s economy, forecasting retail holiday sales this year was more challenging than ever before, National Retail Federation Chief Economist Jack Kleinhenz said today.
“There is no doubt this is the most unusual economic environment in our lifetimes,” Kleinhenz said. “I cannot think of a period with so many simultaneous factors hitting the economy at once when formulating this forecast.”
NRF usually releases its annual holiday forecast in early October but...
Kroger Reports Third Quarter 2020 Results
The Kroger Co. reported its third quarter 2020 results, provided a Restock Kroger progress update on the three-year transformation plan, and an update to its COVID-19 response.
Comments from Chairman and CEO Rodney McMullen
"Our Kroger family of associates have been nothing short of incredible during the pandemic and they continue to inspire me every day. I am proud of our dedicated associates who continued to...
Costco Reports November and First Quarter Fiscal Year 2021 Sales Results
Costco Wholesale Corporation reported net sales of $15.67 billion for the retail month of November, the four weeks ended November 29, 2020, an increase of 15.1 percent from $13.62 billion last year.
For the twelve-week first quarter ended November 22, 2020, the Company reported net sales of $42.35 billion, an increase of 16.9 percent from...
ANALYSIS: What’s Next for Whole Body Turkeys?
After processors successfully marketed their whole body tom and hen production and the fruits of their labor are being enjoyed, they now shift their attention...
Kroger Named to Dow Jones Sustainability Index for Eighth Consecutive Year
Holiday Shoppers Take Advantage of Early, Thanksgiving Weekend Deals
An estimated 186.4 million consumers took advantage of the Thanksgiving holiday weekend and shopped in-store and online this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
“As expected, consumers have embraced an earlier start to the holiday shopping season, but many were also prepared to embrace a long-standing tradition of turning out online and in stores over Thanksgiving weekend to make...
Uber Completes Acquisition of Postmates
Uber Technologies, Inc. announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations.
As previously announced, the transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ beloved business in the U.S. to strengthen the delivery of food, groceries, essentials, and other goods. The consumer-facing Postmates and Uber Eats apps will continue to run separately, supported by...
COVID-19 Impacts the Turkey Market this Thanksgiving
As coronavirus restrictions continue to impact our daily lives, it seems the holidays will be no exception. Retail and foodservice attempted to adapt to these unprecedented changes this Thanksgiving, by promoting deals with smaller birds or meals that feature turkey items instead of a whole bird.
Restaurants like Denny’s brought back its family-style Turkey and Dressing Dinner Pack, which included a carved turkey breast and sides portioned for four people. Cracker Barrel added multiple holiday meal options to the menu, with Thanksgiving meal offerings that serve...
UK Consumer Spending to Fall by Nearly 14.9% in 2020
Total UK consumer spending is expected to fall by a staggering £183.6 billion (14.9%) this year due to the COVID-19-induced lockdowns, according to new research from Mintel’s flagship British Lifestyles report. This equates to a drop in spending of around £6,600 per household – with the biggest decreases occurring in the transport, foodservice, and holiday industries. Consumer spending in these three categories will fall by an astonishing £140.1 billion in total, or just over £5,000 per household – representing around 77% of the overall decline in consumer spending this year.
But it seems there is light at the end of the tunnel for these three categories as they are expected to bounce back the strongest in 2021: spending on transport will increase by...
NRF Expects Holiday Sales will Grow Between 3.6 and 5.2 Percent
With retail sales rebounding strongly due to continued consumer resilience, the National Retail Federation today forecast that holiday sales during November and December will increase between 3.6 percent and 5.2 percent over 2019 to a total between $755.3 billion and $766.7 billion.
“We know this holiday season will be unlike any other, and retailers have planned ahead by investing billions of dollars to ensure the health and safety of their employees and customers,” NRF President and CEO Matthew Shay said. “Consumers have shown they are excited about the holidays and are willing to...
Top Meat, Poultry, Egg and Seafood Price Action Broken Down in the Latest Market Briefing
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...
Kroger and Ocado Announce New Fulfillment Center and Expand to Include In-Store Capabilities
The Kroger Family of Companies, America's largest grocery retailer, and Ocado, a world leader in technology for grocery e-commerce, today announced the continued expansion of their partnership with plans to construct an additional Customer Fulfillment Center (CFC) in the South region, while also collaborating with Ocado on in-store fulfilment (ISF) capabilities with a planned rollout across Kroger stores, beginning in 2021.
"Kroger continues to accelerate the expansion of our national network to redefine the customer experience," said Gabriel Arreaga, Kroger's chief supply chain officer." Our partnership with Ocado is and will continue to...
Albertsons Implements Contactless Temperature and Health Screening Across All Facilities
Albertsons Companies announced that it has taken another step in enhancing its safe environment by implementing a contactless temperature check and health screening solution for associates and vendors. The new technology, now being deployed across all Albertsons Companies locations, enables a safer and more reliable health screening process for those who work in their stores and facilities.
After extensive testing and process refinements, the selected technology, provided by Turing Video Inc., leverages a built-in touchless body temperature scanner and...
Hormel Foods Reports Fourth Quarter and Fiscal 2020 Earnings
Hormel Foods Corporation reported results for the fourth quarter of fiscal 2020. All comparisons are to the fourth quarter of fiscal 2019 unless otherwise noted.
The impact of the Sadler's Smokehouse acquisition (March 2020) is excluded in the presentation of the fourth quarter of fiscal 2020 non-GAAP measures of organic volume and organic net sales. The impact of the CytoSport divestiture last year is excluded from...
Nielsen Analyzes U.S. Store Locations Benefiting the Most During COVID-19
In cities across America, the face of grocery and household shopping has changed dramatically this year. Months of working from home, reduced levels of commuting and high unemployment numbers are all adding up to a very different outlook for the consumer packaged goods (CPG) industry.
Many of the top-performing stores across the nation have emerged in areas that haven’t historically shared the spotlight of strategic focus for companies. With signs of growing staying power, these changes are...
Billions in Consumer Spending Are Shifting as COVID-19 Forces Widespread Retail Disruption
Some of the highest revenue-generating grocery stores in the world are facing sweeping changes to their customer bases and their ability to deliver value to brands as people change where they shop—a change that, for some, may be permanent. The shifts come as COVID-19 forces millions of people to spend more time at home and less time commuting, a key driver of the shift.
The changes are effectively shifting the balance of power in the grocery segment. Some stores that were once the biggest sales contributors are now seeing sales declines while those that may have been...
Nielsen: Thanksgiving Highlights COVID-19 Divide
In a year unlike any other, even Thanksgiving is not immune to polarization in the U.S.
As we confront ever-rising COVID-19 cases and physical and financial restraints, this year’s Thanksgiving festivities will look and feel drastically different, depending on location, generation and the financial impact of the pandemic. Yet from online shopping to price hikes, consumers share commonalities in confronting a Thanksgiving unlike any other.
Americans are almost perfectly split on whether they’re planning to...
ANALYSIS: Power Move Setting Up In the Beef Cutout Behind Retail Strength
There has been a recent broad-based surge in the boxed beef market. Strength in ribeyes, tenderloins, chuck rolls, and...
Postmates Reveals Unprecedented Ordering Trends of 2020
Postmates revealed the unprecedented ordering trends of 2020 and it's clear 2020 was a year like no other.
The year started on a predictable note, with popular New Year's Eve hydration hangover remedies like Gatorade spiking 197% (WoW) on New Year's Day. Customers fell in love with heart-shaped pizzas this year (+1,800% YoY) on Valentine's Day where there was also a 4,462% (WoW) increase in orders for flowers - not too surprising. But in early March, as the global pandemic was declared and shelter-in-place orders began...
Americans Flock to Chicken, the Nation’s #1 Quarantine Protein
Throughout the last year, as home kitchens took center stage, Americans have been relying on chicken as a healthy and convenient protein that can be enjoyed by everyone. In fact, three-quarters (75%) of Americans who eat any chicken say they prepare chicken at home at least once a week. During the past 9 months of COVID-19, retail chicken sales have increased $1.3B, up 19.5% from the same period last year, according to IRI and 210 Analytics.
Today the National Chicken Council (NCC) unveiled the findings of a new survey fielded with the goal of better understanding chicken consumption trends and...
Lightlife Strengthens Walmart Partnership by Expanding Tempeh to 3,500 Stores
Greenleaf Foods, SPC announced a significant retail expansion of its Lightlife brand Tempeh—a versatile, high-protein, naturally-fermented food that appeals to plant-based and meat eaters alike. Lightlife Tempeh is now available in more than 3,500 Walmart locations nationwide—a more than ten-fold growth from its previous 300 stores—bringing the product’s retail distribution to over 18,500 retail locations. Lightlife is the market leader in tempeh, having grown at a rate of 44% in 2020 alone.
“Lightlife Tempeh accounted for about 80% of total U.S. tempeh dollar sales so far this year,” said Dan Curtin, president of Greenleaf Foods, SPC. “We are excited to grow our partnership with...
Meijer Announces Special Pricing on Turkeys as Customers Prepare For a Different Looking Holiday
While Thanksgiving celebrations may look different this year due to the pandemic, Meijer remains focused on providing customers with low prices for their holiday meal, including offering special pricing throughout the Midwest for the meal's focal point: the turkey.
All frozen Meijer brand turkeys – regardless of size – are 31 cents per pound with an mPerks coupon now through Nov. 26 across the Midwest. For example, a 10-pound turkey will cost $3.29 after tax. There is a limit of one turkey per customer. The turkeys cost...
October Retail Sales Grew as Consumers Started Holiday Shopping Early
Retail sales grew for the sixth month in a row in October, with sales significantly better than the same time a year ago as the economy continued to recover and consumers began their holiday shopping early, the National Retail Federation said today.
“We are encouraged by another positive retail sales number for October — the sixth consecutive positive monthly gain — as early holiday shopping provided a strong boost to the data,” NRF President and CEO Matthew Shay said. “Overall, retail sales were up 10.6 percent in October 2020 versus October 2019, and for the first 10 months of this year, retail sales were up...
Walmart Releases Q3 FY21 Earnings
Walmart has released earnings for Q3 FY21. Below are highlights of the earnings results:
Total revenue was $134.7 billion, an increase of $6.7 billion, or 5.2%. Excluding currency, total revenue would have increased 6.1% to reach $135.8 billion.
U.S. Comparable Sales
Walmart U.S. comparable sales increased 6.4% with strength across key categories, including...
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