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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...
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...
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
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...
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...
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...
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: 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:
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
ANALYSIS: Thanksgiving WOGs?
With much of the seasonal attention now focused on Thanksgiving-oriented turkey demand, it might come as a surprise that WOGs are also beginning to...
Beyond Meat Reports Third Quarter 2020 Results
Beyond Meat, Inc., a leader in plant-based meat, reported financial results for its third quarter ended September 26, 2020.
Third Quarter 2020 Financial Highlights
Trader Joe's Shares Information on COVID-19 Safety Practices and Positive Cases
As an essential business since the pandemic was declared, Trader Joe's has prioritized creating a safe working and shopping environment every day. To do this important work Trader Joe's has developed, and continues to develop, effective procedures that meet or exceed CDC guidelines to safeguard the health and safety of Crew Members and customers.
"The health and safety practices and procedures that have been put in place, and that continually evolve, have been effective because of the great work done by our Crew Members in every store, every day. We appreciate our Crew Members' diligence and our customers' patience as we...
Retailers Prepare for Thanksgiving and Unprecedented Holiday Shopping Season
As consumers prepare for smaller gatherings at Thanksgiving and an unusual holiday season, retailers are providing increased safety and convenience measures to offer an ideal shopping experience. For example, Meijer is encouraging customers to shop in whatever way fits their lives, offering delivery services and free pickup on orders over $50 online. The retailer is also adding more available time slots for pickup. Stores will be rolling out new hand sanitizer stations over the course of the holiday season and will install eight stations near high-traffic travel paths including entrances, pharmacies, produce areas, and check lanes. Meijer announced it will be extending...
Acosta Explores the "Mobile-ization" of Grocery Shopping and Acceleration Caused by COVID-19
With more than 260 million people now using smartphones in the U.S., it's no surprise that grocery shopping is becoming an increasingly mobile experience, which has only been accelerated by the COVID-19 pandemic. Research released in The Mobile-ization of Grocery Shopping report from Acosta — a leading full-service sales and marketing agency in the consumer packaged goods industry — provides insight into how and why consumers are "mobile-izing" when it comes to grocery shopping.
"Smartphones have grown to become a huge part of daily life, so it's only natural that retailers and shoppers are connecting this technology with the grocery buying experience," said Colin Stewart, Executive Vice President, Business Intelligence at Acosta. "We saw...
ANALYSIS: Medium and Jumbo Boneless Breasts: Straying From the Traditional Price Spread
Historically speaking, medium-sized boneless breasts have enjoyed a clear-cut premium over their jumbo-sized counterparts...
Weis Markets Reports Third Quarter Results
Weis Markets, Inc. reported its sales increased 14.4 percent to $1.0 billion during the thirteen-week period ended September 26, 2020, compared to the same period in 2019, while its third quarter comparable store sales increased 14.8 percent.
The Company's third quarter net income increased 118.8 percent to $31.3 million compared to $14.3 million in 2019, while earnings per share totaled $1.16 compared to $0.53 per share for the same period in 2019. Third quarter ecommerce sales increased 160 percent.
"Our sales and current demand continue to be impacted by a significant number of people working remotely, often with children attending...
Publix Reports Third Quarter 2020 Results
The coronavirus pandemic was declared a national emergency on March 13, 2020 and continues to be a challenge. It remains a top priority of Publix to serve the communities in which it operates in a way that protects the health and safety of its associates and customers.
Publix’s sales for the three months ended Sept. 26, 2020 were $11.1 billion, an 18.3% increase from $9.3 billion in 2019. Comparable store sales for the three months ended Sept. 26, 2020 increased 16.5%. The company estimates its sales for the three months ended Sept. 26, 2020 increased approximately $1.25 billion or 13.4% due to the impact of the coronavirus pandemic.
Net earnings for the three months ended Sept. 26, 2020 were $917.6 million, compared to $574 million in 2019, an increase of 59.9%. Earnings per share for the three months ended Sept. 26, 2020 increased to $1.31 per share, up from...
BJ’s Wholesale Club Expands Buy Online, Pick Up In-Club Service to Include Fresh and Frozen Items
BJ’s Wholesale Club announced the expansion of its buy online, pick up in-club service to include fresh and frozen grocery items. BJ’s members can now order their weekly groceries on BJs.com or with the BJ’s app for curbside pickup or pick up in-club at any one of the company’s 219 locations.
“We’re committed to helping our members save time and money on essentials, which is why we’re offering more convenient ways to help them get exactly what they need,” said Jeff Desroches, executive vice president, Club Operations Officer. “With the expansion of our buy online, pick up in-club service, BJ’s members can do their weekly grocery shopping – and...
Giant Food Welcomes Irfan Badibanga as New Senior Vice President of Operations
Giant Food has announced that Irfan Badibanga will step into the role of Senior Vice President of Operations effective November 1, 2020. Badibanga will be responsible for leading all operational aspects of Giant Food including regional operations, store support, strategic store planning and execution and asset protection, as well as people, team, and culture development.
Badibanga brings a strong track record of transforming corporate objectives into bottom-line growth for supermarket, small and big box retailers, including...
The COVID-19 Pandemic Causes Eating Patterns in America to Take a Sharp Turn
Annually, The NPD Group collects a year’s worth of data from its daily tracking of how U.S. consumers eat away from and in home and compiles the topline trend into a report that’s been called "Eating Patterns in America" for the last 35 years. This year’s recently released Eating Patterns in America captures how in mid-March, the daily rhythms of consumers’ lives, including their eating patterns, were suddenly disrupted by the COVID-19 outbreak.
“With mandated shelter-at-home and restaurant dine-in restrictions across most of the country during the pandemic, we have had few options other than to prepare most of our meals at home,” says David Portalatin, NPD food industry advisor and author of Eating Patterns in America. “Working from home, schooling at home, and preparing...
Prime Roots Launches Meals Featuring Plant-Based Proteins at Whole Foods
Prime Roots, a plant-based meat producer will bring high quality, meat-free meals to eaters through their latest partnership with Whole Foods. Fresh off their sold-out bacon launch, Prime Roots understands that their community of eaters crave clean plant-based alternatives to their favorite meats, and the company is excited to showcase and let consumer try their Koji-based chicken, beef, and bacon in chef-prepared, convenient fresh plant-based meals. Customers can look forward to flavorful, protein-packed meals ranging from comforting classics like "Bacon" Mac and Cheese to exciting, unique flavors and dishes like their Hawaiian Shoyu Chicken.
Prime Roots leverages their natural Koji-based platform technology to create minimally-processed meals. Prime Roots meats are gluten-free and soy-free and are made with...
Dr. Praeger’s Launches Refrigerated Veggie Burger Line
Dr. Praeger’s Sensible Foods announced their first refrigerated product line.
The Refrigerated Burger is debuting at Walmart and is available in two SKUs – Classic Veggie Burger and Chipotle Black Bean Veggie Burger. The new burgers feature the same veggie-forward look and flavor profile that Dr. Praeger’s customers know and love from fan favorites like the California Burger, and 13-16g of plant protein per patty. The Burgers are non-GMO, vegan and kosher certified.
After over 25 years in the frozen food aisle, Dr. Praeger’s is expanding to the refrigerated section to provide customers with nutritious and affordable veggie burger options no matter...
Impossible Burger Debuts in Canadian Grocery Stores
Impossible Foods is making its plant-based burger available to home chefs in Canada in nearly 600 Sobeys Inc. banner stores beginning this week, including Sobeys, Foodland, Safeway, Thrifty Foods, IGA, IGA Extra, and the retailer’s online home delivery platform, Voilà by Sobeys.
Sobeys is the exclusive retailer of the Impossible Burger until February 2021, at which point the product will be available to purchase in all of Sobeys 1,500 family of stores across Canada.
“We are proud to be the first national retailer to bring Impossible Foods to Canada,” said Paul MacLeod, Vice President, Merchandising at Sobeys Inc. “We are always looking to find innovative products to keep...
Consumers Begin to Venture Back Out to Eat with Cost in Mind
As we enter the eighth month of the coronavirus pandemic, there is some good news for the foodservice industry. According to Datassential, consumers have begun to venture back out to eat a little more. In a recent report, Datassential found that only 26% of consumers said they were using restaurants less to save money, down from 38% when asked the same question in April. However, Americans remain value conscious as ever, and find ways to keep their average spend in line with tighter budgets, which means paying close attention to prices.
To help consumers pressured to maintain a budget, Datassential suggests the food industry must make the value proposition transparent and compelling. Consumers will accept...
Hormel Foods Introduces Two New Flavors of Hormel Black Label Bacon
The makers of Hormel Black Label bacon are reinventing bacon once again with the launch of – Hormel Black Label Ranch Thick Cut Bacon and Hormel Black Label Classic Country Style Thick Cut Bacon.
The Hormel Black Label team brought the flavor and versatility of ranch to life with the latest innovation of Hormel Black Label Ranch Thick Cut Bacon. Ranch lovers can rejoice, because this new flavor is hand-rubbed with ranch seasoning and naturally hardwood smoked to create an irresistible flavor.
"Our team combined American's favorite condiment with thick-cut bacon to create Hormel Black Label bacon hand-rubbed with...
Instacart and ALDI Announce New Pilot For EBT SNAP Online Payment
Instacart announced its Supplemental Nutrition Assistance Program and Electronic Benefit Transfer (EBT SNAP) integration in partnership with ALDI. For the first time, EBT SNAP participants will be able to access fresh food and pantry staples from ALDI via Instacart's same-day delivery and pickup services. The multi-phased launch will begin in Georgia in the coming weeks across more than 60 ALDI stores, with anticipated plans to expand to more than 570 stores across Illinois, California, Florida and Pennsylvania in the coming months.
The introduction of Instacart's EBT SNAP payments comes at a time when food insecurity in the U.S. has compounded as the nation continues to be impacted by COVID-19. According to Feeding America, due to the effects of the pandemic, more than 54 million people may experience...
Whole Foods Market Forecasts Top 10 Food Trends for 2021
Whole Foods Market global buyers and experts unveiled their top 10 anticipated food trends for 2021 in the retailer’s sixth annual trends predictions. Hard kombucha, upcycled foods, leveled-up breakfasts and jerky made from produce are among the food influences expected to take off in the next year.
Each year, a Trends Council of more than 50 Whole Foods Market team members, including local foragers, regional and global buyers and culinary experts, compile trend predictions based on decades of experience and expertise in product sourcing, studying consumer preferences and being on the frontlines with...
Impossible Foods Debuts in Asian Grocery Stores
Impossible Foods is making its award-winning, plant-based meat available to home chefs in Asia in nearly 200 grocery stores across Hong Kong and Singapore, the first time Impossible Beef Made From Plants has been available for home chefs outside of the United States.
Starting this week, Impossible Beef will roll out at nearly 100 PARKnSHOP banner stores across Hong Kong, including PARKnSHOP, FUSION, TASTE, food le parc and GREAT FOOD HALL. It’s also available for delivery through parknshop.com.
In Singapore, Impossible Beef will start rolling out this week at nearly 100 NTUC FairPrice stores, including...
Lidl to Install Hospital Grade Air Filters in All U.S. Stores to Prevent Spread of COVID-19
Following recently issued Centers for Disease Control guidelines stating that the COVID-19 virus can be spread through the air, Lidl US announced it will install new air filtration systems rated MERV 13 or higher in all of its U.S. stores by the end of this year. Air filters rated MERV 13 or higher, which are typically found in hospitals, help filter out COVID-19, according to public health and industry leaders.
"Since the beginning of the pandemic, we have worked diligently to protect the health of everyone in our stores by meeting or exceeding CDC guidelines and this measure to create cleaner, healthier air is no different," said Johannes Fieber, CEO of Lidl US. "Customers and team members in Lidl stores can breathe easier knowing we have...
Coronavirus Changing Eating Habits of Vegan, Vegetarian, and Flexitarian U.S. Consumers
The majority of U.S. consumers report eating more comfort foods, snacks, and treats because of the coronavirus, reports market research firm Packaged Facts in a new study. Some consumers are eating more healthily and more locally produced foods, while a smaller portion are eating less healthily, less fresh produce, and more processed foods.
"The coronavirus has had an impact on consumer eating habits, with some tending toward less healthy foods, while others are experiencing the opposite and hunkering down with healthier foods," says Jennifer Mapes-Christ, food and beverage publisher for Packaged Facts.
Vegans, who already tend to think they eat a healthy diet, are most likely to report eating...
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