Search:

The search returned 60 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:




























































Alexa, How Was Prime Day? Prime Day 2019 Surpassed Black Friday and Cyber Monday Combined

This year, Prime Day was once again the largest shopping event in Amazon history with more than one million deals exclusively for Prime members. Over the two days of Prime Day, on July 15 and 16, sales surpassed the previous Black Friday and Cyber Monday combined. Prime members purchased more than 175 million items throughout the event. Prime Day was also the biggest event ever for Amazon devices, when comparing two-day periods – top-selling deals worldwide were...

Full Story »
Jul 17 10:04 AM, General News



Blue Apron Introduces Beyond Meat on Menus Beginning in August

Beginning this summer, home cooks across the country can explore cooking seasonal recipes from Blue Apron (NYSE: APRN) that feature plant-based proteins from Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat. Blue Apron x Beyond Meat recipes will be included on Blue Apron’s Signature Two-Serving Plan starting in August with flavorful summer burgers specially crafted by the Blue Apron Culinary Team that feature the popular Beyond Burger™. Consumers can begin placing orders for the new August recipes now through Blue Apron’s website and mobile app.

“We know a growing number of customers are interested in plant-based proteins, whether as an alternative to meat, a desire to explore a new ingredient, or an opportunity to...

Full Story »
Jul 17 10:03 AM, General News


Amazon Continues to Change the Face of Retail with Prime Day 

According to the NPD Group, more than half of Amazon Prime members plan to purchase products from Amazon during the Prime Day shopping event on July 15th and 16th. While retailers including Target and Walmart are following Amazon's lead with deals of their own during these dates, only 15 percent of these consumers intend to shop at both Amazon and other retailers.

When surveyed, 70 percent of Amazon Prime members reported to look for deals in advance of Prime Day, and nearly two-thirds are doing so to get an idea of what they wish to buy ahead of time. This planning includes comparing prices with other retailers, with nearly a quarter of consumers purchasing items elsewhere if a lower price is found prior to Prime Day. However, those that do not shop on Prime Day, 69 percent, claim...

Full Story »
Jul 16 11:15 AM, Urner Barry


The New Black Friday? Prime Day's Halo Effect Spans Beyond Gadgets (And Amazon Itself)

Remember when shopping was primarily a chore? If you’re a Millennial, you might never have thought this way, but it really wasn’t that long ago that shopping was more of a task than an experience—let alone something to look forward to.

Historically, Black Friday was the year’s sole shopping experience. Today, however, the abundance of choice, access and creative marketing give brands and retailers all the ammunition they need to inspire consumers to shop at any time they choose...

Full Story »
Jul 15 12:53 PM, General News


Food Lion to Unveil New Shopping Experience with Completion of $158 Million Investment in 92 Stores

Food Lion will unveil a new, easier shopping experience for customers in the greater Myrtle Beach, Florence, Columbia and Charleston, S.C., markets on Wednesday, July 17. Customers in Lumberton, N.C., also will be able to shop their newly-renovated local stores.

The company made a significant $158 million capital investment in its 92 area stores earlier this year, which included remodeling the stores, hiring 2,000 additional associates and giving back to local communities, including the donation of two mobile trucks...

Full Story »
Jul 15 10:26 AM, General News


Jul 12 8:56 AM, Urner Barry Video

NCBA Evidence Links Red Meat to Balanced Diets;
Checking In On Chicken Wings;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
 
Full Story »

Conagra Brands Launches Robust Pipeline Of New Food Innovation

Continuing its focus on bringing provocative food in contemporary forms and flavors to retail customers and consumers, innovation at Conagra Brands, Inc. (NYSE: CAG) is ramping up. The company is kicking off its fiscal year with dozens of new product launches across the four domains in which its iconic and emerging brands compete: Frozen & Refrigerated Meals, Snacks & Sweet Treats, Condiments & Enhancers, and Shelf Stable Meals & Sides. 

"Conagra Brands has been reinventing frozen meals to drive growth since 2015, and our efforts are fueling the entire category," said Darren Serrao...

Full Story »
Jul 11 11:36 AM, General News


The Packaged Burgers Market at a CAGR of Almost 8% During the Forecast Period

Packaged burgers are sold in ready-to-eat and ready-to-cook forms by food retailers such as supermarkets, hypermarkets, convenience stores, and others. This packaged burgers market analysis considers the revenue generated from the sales of frozen burgers, chilled burgers, and fresh burgers. Our analysis also considers the sales of packaged burgers in North America, Europe, APAC, MEA, and South America.

In 2018, the frozen burgers segment had a significant market share, and this trend is expected to continue over the forecast period...

Full Story »
Jul 11 10:35 AM, General News


Progressive Grocer Names Four Food Lion Leaders to 2019 "Top Women in Grocery" List

Progressive Grocer magazine has named four Food Lion leaders to its prestigious 2019 Top Women in Grocery, one of the food industry’s highest honors.

Progressive Grocer’s Top Women in Grocery award recognizes grocery retail leaders who demonstrate excellence in leadership daily throughout the industry, their stores and in their communities. The awards honor leaders in various categories. The Food Lion “Senior-Level” category winners include...

Full Story »
Jul 11 9:32 AM, General News


The Makers of Hormel® Natural Choice® Add Global Inspired Flavors to Snacking Portfolio

The makers of Hormel® Natural Choice® deli meats announced today the addition of two new all-natural* deli meat and cheese snacks to its growing on-the-go snacking line up. The two new flavors are inspired by bold global flavors and offer consumers a delicious and convenient way to snack naturally. 

The newest varieties - Mediterranean style chicken paired with bruschetta jack cheese alongside garlic and herb pita chips; and chipotle chicken paired with queso quesadilla cheese and flax seed corn chips... 

Full Story »
Jul 9 12:08 PM, General News


Giant Food Announces Convenient New Giant Pickup Service 

Giant Food, the leading greater Washington D.C. regional grocery chain, announced today the launch of Giant Pickup, which will allow customers to place their grocery orders online and pick them up at a local store without ever leaving their cars. Giant Pickup will begin rolling out on July 1st and will be available at 100 stores in Washington D.C., Maryland, Virginia and Delaware by the end of the year.

With Giant Pickup, customers now have another option to suit their busy schedules, from shopping in-store to pickup and home delivery...

Full Story »
Jul 9 9:16 AM, General News


Whole Foods Celebrates Prime Members with Exclusive Deals on Customer Favorites Through Prime Day 

Amazon and Whole Foods Market are offering some of the deepest discounts of the year on summertime favorites in celebration of Prime Day. In addition, Prime members who spend $10 at Whole Foods Market in store or on Prime Now will receive a $10 credit to use on Amazon for Prime Day. This offer is available until July 16. Visit wholefoods.com/primeday to learn more. 

“To celebrate our Prime members in an even bigger way this year we will add an additional week..."

Full Story »
Jul 8 9:48 AM, General News


Walmart Announces Plan to Invest $1.2 Billion to Upgrade Logistics in China

Ryan McDaniel, Senior Vice President of Walmart China Supply Chain, announced Monday that Walmart will increase its investment in its supply-chain logistics. In addition to building the first customized perishable food distribution center, the South China Fresh Food Distribution Center, the company plans to increase investment in its supply-chain logistics in China by RMB 8 billion, or about $1.2 billion, building or upgrading more than 10 logistics distribution centers over the next 10-20 years.

Walmart invested more than RMB 700 million to build the South China Fresh Food Distribution Center, which has been in operation since March 2019. It currently serves more than 100 Walmart stores in Guangdong and Guangxi, with daily distributing capacity of up to...

Full Story »
Jul 5 10:44 AM, General News


Jul 5 9:17 AM, Urner Barry Video

Burgers Risk Losing Affordability;
Checking In On Turkey Values;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
 
Full Story »

Packaged Facts: Retail Market for Meat Substitutes Now a Billion Dollar Industry

Major opportunities remain in meat and poultry, though not in the usual ways or for the usual players, according to U.S. Food Market Outlook 2019, a report by market research firm Packaged Facts.

Leading players have done much to innovate in meat and poultry with new and acquired products that offer premium farm-to-table experiences with authentic stories; organic ingredients; or grass-fed, free-range, and locally raised animals. Most importantly, they will continue to do so. Nevertheless, meat substitutes and alternatives have...

Full Story »
Jul 5 8:20 AM, General News


Aldi Chooses Parx for Hygiene and Cross Contamination Prevention in Meat and Poultry Section

PARX PLASTICS N.V. (Euronext: MLPRX) ("Parx" or the "Company") is pleased to announce Aldi in USA has been implementing shelf liners produced with the aid of the Parx Plastics technologies.

Hygiene is an important priority for supermarkets. On the one hand it is to guarantee food safety on the shop floor and on the other hand, the consumer is becoming increasingly critical. Certainly, when it comes to hygiene and safety. A clean supermarket contributes to a positive...

Full Story »
Jul 2 9:50 AM, General News


Crowd Cow Imports the A5 Wagyu Japanese Packer Brisket as New Product Offering

Crowd Cow, the online marketplace that sources its meat directly from the top 1% of farms and ranches across the country, including Japan for its Wagyu products, announced today that they have exclusively imported a limited amount of Japanese A5 Wagyu "Packer Briskets" into the United States. These briskets, the popular cut for barbecuing that comes from the lower chest of the cow, have a unique cut plan, different from that of a domestic brisket, which lends itself to weighing in at over 30 pounds untrimmed. Even more rare and exclusive are the fewer than 20 Olive Wagyu Briskets from Kagawa that Crowd Cow is offering. The marbling and tenderness of authentic Japanese A5 Wagyu produces...

Full Story »
Jul 2 9:31 AM, General News


Affluent Food Shoppers: Money Isn’t Everything

With their laser-like focus on healthy eating, sophisticated tastes, and ample financial resources, the 42 million food shoppers with a household income of $150,000 or more exercise an outsize influence on the food industry. The sheer volume of spending on food at home by affluent households—which is in excess of $100 billion—makes them an essential consumer segment for food manufacturers, marketers, distributors, and grocers.

But it’s not money alone that sets affluent food shoppers apart. Besides spending a lot more money every year buying food to eat at home (74% more than their less affluent counterparts, according to the U.S. Government’s Consumer Expenditure Survey), the way affluent food shoppers spend money at the grocery store is...

Full Story »
Jul 2 8:16 AM, General News


As Grocery Wars Heat Up, A Growing Number of Consumers Enlist in Ordering Groceries Online

The leading grocery retailers have been playing a game of one-upmanship when it comes to raising the bar on online ordering convenience. From offering grocery delivery to-your-door to same-day delivery through a variety of service modes, like drive-up pick-up, grocers are making shopping easier and an increasing number of consumers are responding. The percentage of U.S. consumers, ages 18 and above, who shopped online for groceries within a 30-day period, whether for delivery or pick-up in store, increased from 17 percent in the quarter ending November 2018 to 20 percent, or about 51 million consumers, in the quarter ending February 2019, reports The NPD Group.

Of those who shop online for groceries from brick and mortar or pure-play online grocers, 16 percent order their food and beverages for delivery. The option to order online and pick-up in store, also known as...

Full Story »
Jun 28 8:22 AM, General News


This Week in Retail: Outlook for the Fourth

Hard to believe it, but the 4th of July is just around the corner. With at or near record production levels in U.S. protein, the industry is counting on good weather and hungry consumers to move some product at retail.

Urner Barry’s weekly retail beef feature index is down roughly 4% compared to the 3-year average—and is also the lowest in 6 years for the current week.  Beef has consistently stolen the top spot for overall feature volume over competing proteins recently, with few exceptions. This week, beef claims 26% of protein ad volume and is on track to be the number one category for the week of July 4th as well.

Burgers are arguably the most popular grilling item for large Independence Day gatherings in backyards across America. The year-to-date average for 80% lean ground beef is...

Full Story »
Jun 28 8:22 AM, UB Newswires


Acosta Finds Grocery Delivery and Non-Traditional Grocery Channels are Gaining Popularity

With residents of the top 50 most populous cities comprising nearly 16 percent of the total U.S. population and city growth rates consistently topping those of suburban and rural areas, urban grocery shoppers are becoming an increasingly influential demographic.

Research released today in The Urban Grocery Shopper, the latest Hot Topic report from Acosta — a leading full-service sales and marketing agency in the consumer packaged goods industry — provides insights into the grocery shopping world of city dwellers, which varies significantly from that of suburbanites and those living in rural areas.

"For urban grocery shoppers, crowded stores are the norm so convenience is a major priority," said Colin Stewart, Senior Vice President, Business Intelligence at Acosta. "City dwellers are more likely than...

Full Story »
Jun 24 8:16 AM, General News


NRF Warns USTR to Avoid Additional Tariffs, Releases Study on Consumer Impact

The National Retail Federation today urged the Office of the U.S. Trade Representative to avoid 25 percent tariffs on $300 billion in Chinese goods and released a new study examining key product categories and the negative impact on American consumers.

“We support efforts to achieve better trade deals, but American consumers shouldn’t be caught in the crosshairs,” NRF Senior Vice President of Government Relations David French said during testimony prepared for a USTR hearing this afternoon. “It’s time to reevaluate a strategy based solely on tariffs and work with our allies to put international pressure on China.”

“For most of the consumer products on this list, there are very few alternative sources of supply,” French added. “It would be impossible for all market participants in our industry to...

Full Story »
Jun 21 11:50 AM, General News


Research and Markets: The Plant-Based Meat Market Poised to Grow 

The "Global Plant-Based Meat Market Analysis & Trends - Industry Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Plant-Based Meat Market is poised to grow strong during the forecast period 2017 to 2027.

Some of the prominent trends that the market is witnessing include creation of flavour components, alternative proteins and flexitarian diets and likemeat project serves as the base.

Based on product, the market is categorized into burger patties, meatballs, natto, sausages, strips & nuggets and other products. Depending on type, the market is segregated into...

Full Story »
Jun 21 8:23 AM, General News


AmazonFresh Expands to Las Vegas with 1- And 2-Hour Delivery

Amazon today announced that AmazonFresh has expanded to Las Vegas. Starting today, Prime members in Las Vegas can shop tens of thousands products from meat and seafood to fresh produce and everyday essentials for ultrafast one- and two-hour delivery from AmazonFresh.

“We’re thrilled to introduce AmazonFresh to Prime members in Las Vegas,” said Stephenie Landry, Vice President, AmazonFresh and Prime Now. “Prime members tell us they want their stuff even faster. We're happy to deliver on that ask and can’t wait for customers in Las Vegas to take advantage of one- and two-hour delivery from AmazonFresh.”

With AmazonFresh, Prime members can combine grocery and other shopping into one seamless experience that easily fits into their busy lives. Customers can choose from tens of thousands of items across produce, meat, grocery, plus Amazon.com bestsellers from Amazon devices to electronics, health and personal care, home & kitchen, toys and more...

Full Story »
Jun 20 2:05 PM, General News


Kroger Reports First Quarter 2019 Results

The Kroger Co. (NYSE: KR) today reported its first quarter 2019 results and provided a Restock Kroger progress update on the company's three-year transformation plan.

Comments from Chairman and CEO Rodney McMullen

"Because the retail industry is constantly transforming, we proactively launched Restock Kroger to deliver for our customers and shareholders. It all starts with our customer obsession, which is why Kroger is assembling a platform to deliver anything, anytime, anywhere.

We are building momentum in the second year of Restock Kroger, which is off to a solid start. The entire company is focused on redefining the grocery customer experience, improved upon by...

Full Story »
Jun 20 12:30 PM, General News


Competition Heats Up in Canada as Emerging Channels Enter the Playing Field

Emerging channels in Canada are delivering a new wave of competition for traditional foodservice operators. Technomic’s 2019 Canadian Emerging Channels Consumer Trend Report explores these new players, covering everything from food halls to meal kits. While usage of these channels is currently low overall, there is strong appeal among younger consumers. This, along with future expansion plans, means that emerging channels are poised to steal share from restaurants moving forward.

“For younger consumers, a wider variety of need states compared to older consumers and a greater willingness to experiment and try new things leads to greater usage of emerging channels,” explains Bret Yonke, manager of consumer insights at Technomic. “Moving forward, the broad nature of these channels means competition on multiple fronts. Food halls and food trucks will be the greatest threat for lunch occasions, while eatertainment and meal kits will...

Full Story »
Jun 19 8:16 AM, General News


Ahold Delhaize USA Announces Leadership Changes at Stop & Shop and Giant Food

Ahold Delhaize USA today announced leadership changes at two of its U.S. brands. The changes include:

  • Mark McGowan, President, Stop & Shop has made the decision to leave the organization. McGowan will remain with Stop & Shop through year-end, at the company’s request, to ensure a seamless transition.
  • Gordon Reid, President of Giant Food, will become President, Stop & Shop. Reid will begin transitioning to this new role in the coming weeks, and officially assume the role in late July.
  • Ira Kress, SVP, Operations for Giant Food, has been appointed as...
Full Story »
Jun 18 11:03 AM, General News


Monetizing the Munchies: How Legal Marijuana Use is Affecting the U.S. Snacking Industry 

In the U.S., interest in cannabis is growing—and laws are shifting to meet consumer demands. Most recently, the Illinois legislature approved recreational marijuana use for adults, with sales of cannabis products containing the psychoactive element, THC, anticipated to start in January 2020. With Illinois soon entering the mix, marijuana will be legal in 11 states and Washington DC, despite still being federally illegal.

The increased legalization of cannabis in the U.S. presents big opportunities for the American food and beverage market—particularly for the snack and confectionery category...

Full Story »
Jun 18 8:17 AM, General News


May’s Retail Sales Show Consumer Resilience and Confidence in the Economy

Retail sales rose 0.5 percent in May seasonally adjusted from April and up 3.2 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.

“Today’s retail numbers, and upward revisions to prior months, reinforce the ongoing strength of the consumer and are consistent with a pick up in the pace of the economy in the coming months. The strong job market, recent income gains and elevated confidence translates into ongoing support for spending. Households, in the aggregate, are in solid financial condition but an escalation in trade tariffs will undoubtedly create a considerable downdraft to confidence and spending, or lead to...

Full Story »
Jun 17 8:36 AM, General News


ALLETE Clean Energy's Diamond Spring Wind Project Will Provide Renewable Energy to Corporations

Allete Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today a power sales agreement with Smithfield Foods, Inc. for the remaining output of the Diamond Spring wind site ALLETE Clean Energy will build, own and operate in Oklahoma.

The Smithfield agreement follows an earlier announcement of power sale agreements with two large Fortune 500 companies, Walmart and Starbucks. Walmart has agreed to purchase 175 megawatts for 15 years, Smithfield will purchase 75 megawatts for 12 years, and Starbucks will purchase 50 megawatts for 15 years. The approximately 300-megawatt Diamond Spring site, which is ALLETE Clean Energy’s first project to sell wind power to corporate customers, is now fully contracted with the Smithfield agreement...

Full Story »
Jun 14 9:00 AM, General News


Affluent Food Shoppers More Likely to Purchase Natural and Organic Products

The belief that natural and organic practices produce foods that are tastier, more nutritious, and healthier continues to germinate in the minds of key consumer demographics. The result has created a pervasive and enduring trend that spreads to virtually every corner of the food and beverage industry.

Wealthy Americans are among the most influential and active participants in the natural and organic food market, according to Affluent Food Shoppers, a new report by market research firm Packaged Facts.

Packaged Facts’ consumer survey data found that affluent food shoppers are increasingly moving in the direction of eating more organic and natural foods. They are more likely than non-affluent food shoppers to respond that they are eating more natural foods or organic certified foods compared to...

 

Full Story »
Jun 14 7:53 AM, General News


Consumer Disloyalty is the New Normal

Assume the people you consider to be the most loyal customers on the planet are, in fact, disloyal. Because 92% of the time, you’ll be right. New Nielsen findings demonstrate that just 8% of consumers consider themselves to be firmly committed loyalists.

Yet the marketing tactics and investments rarely reflect these realities. A whopping 46% of consumers tell us they are more likely to try new brands than they were five years ago; a clear signal to a trend we should expect to intensify. Yet we see few signs that adjustments have been made to marketing initiatives or innovation pipelines to match these numbers.

The implications of not dramatically rethinking campaigns that focus on winning or retaining loyal customers are meaningful. The drag effect of consumer demand for choice and...

 

Full Story »
Jun 13 11:40 AM, General News


Kroger and Ocado Break Ground on America's First High-Tech Customer Fulfillment Center

The Kroger Co. (NYSE: KR), America's largest grocery retailer, and Ocado (LSE: OCDO), one of the world's largest dedicated online grocery retailers, today broke ground on America's first customer fulfillment center (CFC).

"Kroger is incredibly excited to reach this meaningful milestone in our Restock Kroger vision to serve America through food inspiration and uplift," said Rodney McMullen, Kroger's chairman and CEO. "Our partnership with Ocado will introduce transformative ecommerce, fulfillment and logistics technology in the U.S. and bring customers fresher food faster than ever before, accelerating our ability to provide anything, anytime, anywhere...

Full Story »
Jun 13 10:23 AM, General News


Tyson Foods Unveils Alternative Protein Products and New Raised & Rooted Brand

As part of efforts to expand its protein offerings, Tyson Foods, Inc. (NSYE: TSN) today introduced the company’s first plant-based and blended products, along with its new Raised & Rooted® brand. The initiative makes Tyson Foods the largest U.S. meat producer to enter the growing alternative protein segment with its own products.

TheRaised & Rooted brand was created to provide great-tasting plant-based and blended foods that are rooted in how people eat today. The initial products under this new brand, which will launch with several major retail customers this year, include plant-based nuggets as well as blended burgers made with a combination of beef and plants. In addition, the company’s existing Aidells® brand has launched Aidells Whole Blends™ sausage and meatballs, made with chicken and plant-based ingredients.

Tyson Foods expects to introduce additional alternative protein products through multiple customers and sales channels. This includes...

Full Story »
Jun 13 9:27 AM, General News


Perdue Foods Launches Chicken Plus Products 

Plant-based food may be one of the hottest trends in grocery today, but for parents trying to get their kids to eat their vegetables the struggle is still real. To help flexitarian families who are hungry for new ways to fill the vegetable void without sacrificing flavor or nutrition, Perdue is introducing first-of-its-kind nationally distributed new PERDUE® CHICKEN PLUS™ Nuggets, Tenders and Patties blended with vegetables.

Perdue’s latest innovation PERDUE® CHICKEN PLUS™ blends cauliflower, chickpeas and plant protein to create the next generation of frozen chicken nuggets, tenders and patties, and each serving is complete with one-quarter cup (half a serving of vegetables) and is made with 100 percent all-natural ingredients and no antibiotics ever white meat chicken...

Full Story »
Jun 12 9:03 AM, General News


Retailers Continue to Stock Up Inventory to Get Ahead of More Tariffs

Imports at the nation’s major retail container ports are expected to continue to grow this summer as retailers stock up inventory to get ahead of higher tariffs, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With a major tariff increase already announced and the possibility that tariffs could be imposed on nearly all goods and inputs from China, retailers are continuing to stock up while they can to protect their customers as much as possible against the price increases that will follow,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Tariffs are taxes paid by American businesses and consumers, not foreign governments. Retailers will continue to do everything they possibly can to mitigate the impact of tariffs on consumers, but if we see further escalation in the trade war, it will be much more difficult to avoid higher price tags on a wide range of products...

Full Story »
Jun 7 12:30 PM, General News


Walmart is Taking Grocery Delivery One Step Further

Consumers have more options than ever before when it comes to how they receive their groceries. Customers can shop in stores, order online for free pickup, or have groceries delivered to their front doors. Now, Walmart is on track to offer Grocery Pickup from 3,100 stores and same-day Grocery Delivery from 1,600 stores by the end of the year. To make grocery shopping an even easier experience for customers, Walmart is offering the option to order fresh groceries and have them be delivered directly into their refrigerator.

Walmart InHome Delivery is a new service designed to help consumers save time and offer another convenient option for grocery shopping. Customers can place a grocery order and then select InHome Delivery and a delivery date at checkout. Then, consumers can go about their daily routine while a Walmart associate completes their grocery shopping for them, from aisle to fridge...

Full Story »
Jun 7 9:48 AM, Urner Barry


This Week in Retail: Looking Ahead to Father’s Day Spending

Father’s Day is coming up on Sunday, June 16th, and retailers are prepping for the second big grilling holiday of the summer.

According to the National Retail Federation, Father’s Day spending in 2019 is expected to reach an all-time high of $16 billion. That’s up from last year’s $15.3 billion. This monumental spending figure still, however, pales in comparison to spending for Mother’s Day, coming in at a whopping $25 billion.

Mother’s Day has long been known as a foodservice holiday, but Father’s Day tends to favor grilling at home with some quality steaks, burgers, chops or ribs. The NRF also reports that spending for Father’s Day has grown 70 percent over the last decade, with special outings playing a big part of that growth, accounting for a projected $3.3 billion. With 76 percent of...

Full Story »
Jun 7 8:14 AM, UB Newswires


United Natural Foods Inc Reports Third Quarter Fiscal 2019 Results

United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today reported financial results for the third quarter of fiscal 2019 ended April 27, 2019.

Third Quarter Fiscal 2019 Highlights

  • Net Sales Increased to $5.96 Billion, Including $3.24 Billion from SUPERVALU
  • Earnings Per Diluted Share (EPS) of $1.12; Adjusted EPS of $0.61
  • Integration of SUPERVALU Progressing; UNFI Now Operating As One Company with A National Leadership Team and Structure

"Our transformational journey continues, and I'm proud of what our team has accomplished this quarter," said Steven L. Spinner, Chairman and Chief Executive Officer. "I am excited about our next chapter and the acceleration of value creation we expect to...

Full Story »
Jun 6 8:57 AM, General News


Good Eggs Releases Results of Family Food Fix Survey 

Good Eggs, the online market that delivers absurdly fresh groceries, today announced the results of its Family Food Fix Survey, which takes a pulse on the perspectives and behaviors of today's consumers when it comes to the necessary task of grocery shopping. Additionally, the findings reveal insights into meal kit usage, the reality of preparing multiple dinners every night, and what families across America want most for dinner.

"From grocery shopping to getting dinner on the table, feeding a family has become a time-consuming struggle for today's busy parents," said Jaime Nessel, Vice President of Assortment of Good Eggs. "Online grocery delivery services can provide significant time savings to families. At Good Eggs, we provide a complete, yet curated assortment of local products, absurdly fresh local produce and meat...

Full Story »
Jun 5 11:26 AM, General News


SpartanNash Appoints New President of Food Distribution

SpartanNash (Nasdaq: SPTN) announced today that Mr. Walt Lentz has joined the company as Executive Vice President and President, Food Distribution, effective May 31, 2019. Mr. Lentz has 32 years of logistics and supply chain experience in roles of increasing leadership responsibility, including serving from 2017 to 2019 as Acting Chief Executive Officer and Chief Supply Chain Officer of Peapod LLC, the grocery eCommerce business division of Ahold Delhaize.

As President of Food Distribution, Mr. Lentz will have full responsibility of SpartanNash’s $4 billion food distribution segment and responsibility for the total company supply chain. He will work with the SpartanNash team in developing and executing strategic plans to grow the wholesale distribution and food manufacturing businesses’ profitability. Mr. Lentz will report to SpartanNash’s President and Chief Executive Officer, David M. Staples...

Full Story »
Jun 3 3:23 PM, General News


Butterball Launches New Flavor In Premium Deli Portfolio

In 2018, Butterball launched its premium deli portfolio, featuring specialty and seasoned items with category-driving flavors that were selected specifically for the premium set. This year, Butterball is adding to this premium line with its new flavor option, Herb Roasted Thanksgiving Style Turkey Breast, to build on the Thanksgiving flavor Butterball is most recognized for. Joining Butterball’s signature Thanksgiving Style Roasted Turkey Breast product, the Herb Roasted Thanksgiving Style item will deliver a unique and complimentary flavor profile to any deli case. Oven roasted with a topical herb seasoning, this product allows consumers to enjoy the savory flavor combination of holiday stuffing and oven roasted turkey year-round.

Each of the following deli turkey and chicken items provide consumers with a premium eating experience and wholesome ingredients...

Full Story »
May 31 2:19 PM, General News


This Week in Retail: Wholesale vs. Retail Action

There are two sides to every story, and the retail meat situation is no different. This week in retail, we look at some of the dynamics at play in the wholesale arena for beef and pork and how retail has responded.

There seems to be a contra-seasonal trend happening in the wholesale boxed beef market, for grilling items in particular. The loin complex—where we get strip steaks, T-bones, porterhouse steaks and filets—is currently moving in a contrary direction to its historical norms, residing at multi-year lows.

When we look at the retail items derived from this market, bone-in rib steaks are featured nearly 19 percent below year ago levels, at an average $7.19 per pound. Boneless strip steaks are down a whopping 29 percent from this time last year! Porterhouse steaks are right about on par with year ago levels, while T-bones are down 20 cents per pound. Tenderloin filets are down nearly...

Full Story »
May 31 8:45 AM, UB Newswires


This Week in Retail: The Memorial Day Rundown

It’s finally here, the unofficial start to summer and the very official start to the grilling season. In the week leading up to Memorial Day weekend, the beef category claims the top spot for protein feature volume at 27 percent, followed by seafood at just under 26 percent.

Chicken managed to knock out pork for the number three spot with 22.5 percent of ad space, leaving pork with 18 percent. Cheaper grilling items like thighs and drumsticks helped boost chicken featuring volume this week. Meanwhile, the beef segment presents the ultimate showdown between ground beef and steak. In the pork complex, we see an increase in pork chop featuring, up nearly 8 percent week over week.

Taking a closer look at the beef complex, Urner Barry’s weekly retail beef index is right on par with the 3-year average at $5.85 per pound. This is down from the previous week’s index of $6.47 per pound. Ground beef features are modestly lower year over year at an average...

Full Story »
May 24 8:35 AM, UB Newswires


BJ’s Wholesale Club Holdings Inc Announces First Quarter Fiscal 2019 Results

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (the "Company") today announced its financial results for the thirteen weeks ended May 4, 2019.

“We are pleased with our solid start to the year,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. "We delivered merchandise comparable sales of 1.9%, improved margins and continued to grow earnings by executing against our strategic priorities. Looking forward, we continue to see momentum across our business and are encouraged by the opportunities ahead of us, as we continue to transform BJ's Wholesale Club."

“In addition, Robert Steele has been appointed to serve as BJ’s Lead Independent Director,” said Baldwin. “His extensive experience and knowledge of our industry and business will be invaluable to our company.”

Additional Highlights...

Full Story »
May 23 11:17 AM, General News


SpartanNash Announces First Quarter 2019 Financial Results

SpartanNash Company (the "Company") (Nasdaq: SPTN) today reported financial results for the 16-week first quarter ended April 20, 2019.

"We are pleased with our team's efforts to grow net sales across all three business segments, particularly in light of the challenging operating environment," said David Staples, President and Chief Executive Officer. "While we are not satisfied with our bottom-line results for the quarter, our team remains committed to our fiscal 2019 objectives and long-term strategy, which we believe will support both future growth and profitability long-term."

Strategic Business Objectives

As outlined in its fourth quarter earnings release, the Company has defined its top five objectives for 2019. These objectives remain critical in the context of the Company's long-term strategic objective to evolve into a company with a national, highly efficient distribution platform servicing a diverse customer base through...

Full Story »
May 21 8:56 AM, General News


Whole Foods Market to Further Reduce Plastics Across all Stores

Whole Foods Market today announced that it will eliminate plastic straws from its stores in the U.S., the U.K. and Canada by July 2019, becoming the first national grocer to make this change. In addition, the grocer switched to smaller plastic bags in its produce department this year and is replacing hard plastic rotisserie chicken containers with new bags that use approximately 70 percent less plastic. Together, these packaging changes will reduce an estimated 800,000 pounds of plastic per year.

“For almost 40 years, caring for the environment has been central to our mission and how we operate,” said A.C. Gallo, President and Chief Merchandising Officer at Whole Foods Market. “We recognize that single-use plastics are a concern for many of our customers, Team Members and suppliers, and...

Full Story »
May 21 8:47 AM, General News


Delivering the Goods: British Courier and Express Delivery Market Hit £12.6 Billion in 2018 

Brits’ love of online shopping* is sending the courier and express delivery market** into double digit growth, according to latest research from Mintel. Last year, courier and express delivery sales increased a spectacular 12% to reach £12.6 billion, thereby completing growth of 62% since 2014. Meanwhile, volume sales increased by 14% alone in 2018 and 66% between 2014 and 2018. Last year, Brits sent an impressive 3.65 billion packages, up from 3.2 billion in 2017.

Over the next five years, the market for courier and express delivery is expected to continue to post first-class sales. Volumes are forecast to maintain double-digit yearly growth, rising by 54% between 2019 and 2023, further surpassing value sales, which are forecast to grow by 42% over the same five year period.

Cost (53%), ease of finding products online (51%) and greater variety (39%) are the top three reasons why Brits are choosing to have products delivered as opposed to shopping in-store...

Full Story »
May 17 1:45 PM, General News


Sparboe Companies Announces the Sale of its New Hampton, Iowa Plant to Deb El Food Products

Sparboe Companies is pleased to announce the sale of its New Hampton, Iowa plant to Deb El Food Products. Deb El will continue to operate the New Hampton plant, which produces liquid, frozen and dried egg products. Sparboe’s shell egg division, Sparboe Farms, will continue to operate their shell egg facilities in Minnesota, Iowa and Colorado and is not part of the sales agreement.

Beth Schnell, Sparboe CEO says of the agreement “We would like to thank all of our employees in New Hampton for the years of dedication and hard work and wish them the best under new leadership. We are pleased to have partnered with another family owned company in this transaction and look forward to Deb El’s success in New Hampton. Proudly celebrating our 65th anniversary, Sparboe will continue to focus on...

Full Story »
May 17 8:40 AM, General News


Slower Tax Refunds and Weather Affect April Retail Sales but Fundamentals 'Remain Positive'

Retail sales were down 0.2 percent in April seasonally adjusted from March but up 5.2 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.

“Slower tax refunds and weather may have been key factors impacting April’s numbers, but the fundamentals remain positive, particularly in long-term comparisons,” NRF Chief Economic Jack Kleinhenz said, citing flooding in the middle of the country and blizzards and extreme temperature swings elsewhere along with a soft housing market that impacted sales of furniture, appliances and building materials. “Despite there being a lot of...

Full Story »
May 16 8:20 AM, General News


Alibaba Group Announces March Quarter and Full Fiscal Year 2019 Results

Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter and fiscal year ended March 31, 2019. “More and more, Alibaba is becoming synonymous with everyday consumption in China, growing our base to 654 million annual active consumers and extending our penetration in less-developed cities,” said Daniel Zhang, Chief Executive Officer of Alibaba Group. “Our cloud and data technology and tremendous traction in New Retail have enabled us to continuously transform the way businesses operate in China and other emerging markets, which will contribute to our long-term growth.”

“We delivered another strong quarter and excellent fiscal year, led by fiscal year revenue growth of 51% as well as robust user growth and engagement across our ecosystem. Excluding the effects of consolidating acquired businesses, revenue would have...

Full Story »
May 15 8:37 AM, General News


Walmart Offers One-Day Shipping Without a Membership Fee

When customers shop with us, they expect to find great items at low prices. They also want shopping to be easy and convenient, including getting the items they order online quickly. Our 4,700 stores, site and app combine to create an incredible range of choices for customers.

We started with same-day pickup in our stores in 2011 and began offering two-day free shipping two years ago with no membership fee. But, the most exciting development has been the creation of Grocery Pickup and Delivery. We’re on track to offer Grocery Pickup from 3,100 stores and same-day Grocery Delivery from 1,600 stores by year-end, which will provide coverage to...

Full Story »
May 14 8:39 AM, General News


HelloFresh Elevates the At-Home Dinner Experience with the Launch of New Premium Menu Items

HelloFresh SE (HFG), the leader in delivering delicious ingredients and easy-to-follow recipes to households worldwide, today announced the launch of two new premium menu offerings: Craft Burgers and Taste Tours. Beginning today, customers can select from an alternating menu of Craft Burgers and Taste Tours dishes that are designed to elevate the at-home cooking experience by bringing everything needed to create fully-loaded burgers and flavorful global cuisines right to your doorstep.

Upping the ante on HelloFresh’s beloved burger offerings, the new Craft Burgers bring a gastropub experience to the kitchen table with loads of gourmet toppings like truffle, bacon, and caprese-style. For home cooks who love global cuisine like dim sum and paella, the new Taste Tours dishes take customers on...

Full Story »
May 13 12:08 PM, General News


Global Food E-Commerce: 5 Growth Trends Through 2023

Global food e-commerce sales are forecast to nearly triple through 2023, rising to $321 billion and accounting for nearly 5% of total e-commerce revenues, according to market research firm Packaged Facts in the new report Global Food E-Commerce.

Packed Facts projects the Asia/Pacific region will account for the majority of absolute growth, primarily due to the rapidly expanding Chinese market. China dominates regional e-grocery activity in part because of the country's large urban population and rapidly expanding middle class. In addition, much of China's very large population has access to high-tech devices and the ability to shop online, due to the country's position at the forefront of technological development and electronics...

Full Story »
May 13 12:03 PM, General News


May 10 8:52 AM, Urner Barry Video

This month kicks of the summer grilling season;
Evan Addis gives us the latest chicken analysis;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
 
Full Story »

This Week in Retail: Grocery Outlook for May—Beef, Chicken Steal the Show

It’s finally here—the month that unofficially kicks off the summer grilling season and features several retail buying occasions to boost spending.

May brings about warmer weather conducive to grilling activities, along with graduation parties, Mother’s Day and, of course, the big kahuna—Memorial Day. Healthy demand on the wholesale side has already been evident for some time as packers and processors prepare for retail and foodservice needs.

Mother’s Day is well known to be a foodservice holiday, but increasingly, the grocery segment has managed to compete with foodservice through convenience offerings like prepared foods, meal kits, catering, and deli. And, with the cost of food away from home growing at a faster rate than that of... 

Full Story »
May 10 8:35 AM, UB Newswires


Retail Imports Rising Ahead of Expected Higher Tariffs

With retail sales rising and President Trump saying he plans to both increase and broaden tariffs on goods from China, imports at the nation’s major retail container ports are expected to see unusually high levels the remainder of this spring and through the summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Much of this is driven by consumer demand but retailers are likely to resume stocking up merchandise before new tariffs can take effect,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Tariff increases and new tariffs will mean higher costs for U.S. businesses, higher prices for American consumers and lost jobs for many American workers. We encourage the administration to stay focused on a trade agreement, and...

Full Story »
May 9 11:39 AM, General News


Walmart Enhances Sustainability in Supply Chains

Walmart Inc. (NYSE: WMT) today issued its inaugural Environmental, Social and Governance (ESG) Report, which details the company’s goals, progress and achievements for fiscal year 2019 toward its commitment to increase economic opportunity for associates and local communities, build sustainability in supply chains and activate climate change initiatives.

Walmart is disclosing progress to date in several areas including:

Activating Climate Change Initiatives

  • Climate Change Impact Scenario Analysis – Walmart worked with an independent third-party consultant to better understand the nature of climate change and potential implications for the retail sector aiming to align with the scenario guidance set forth by the Task Force on...
Full Story »
May 9 8:17 AM, General News


Meal Kits: Why Older Adults Offer the Ideal Target Market

Think meal kits are a Millennial or Gen Z trend best suited to the novice cooking skills of adults under age 40? Packaged Facts encourages you to reconsider. The market research firm reveals in the report, Meal Kits: Trends and Opportunities in the U.S., 3rd Edition, that older adults provide a wealth of growth opportunities.

Many older consumers are experienced cooks who enjoy a homemade meal. However, as people age, their ability to use their hands and their ability to leave their home to shop for groceries may be diminished.

Older consumers are more likely to have developed conditions such as arthritis and tremors that make it difficult to engage in food preparation tasks, especially chopping and peeling vegetables. Meal kit delivery services can...

Full Story »
May 8 2:34 PM, General News


Cargill Conducts Voluntary Recall of Select Southern States Feed Due to High, Excessive, or Elevated Aflatoxin Levels

Cargill’s animal nutrition business is conducting a voluntary recall of select Southern States® feed due to aflatoxin levels that exceed FDA’s action levels. The affected products, which were manufactured and sold in the eastern United States, were removed from retail shelves throughout February, March, and April 2019. Livestock, horses, and poultry exposed to aflatoxin are at risk of exposure to several health hazards.

Aflatoxicosis has the same acute and chronic adverse effects and health consequences across all species and age classes (immature and mature). Immature animals are more sensitive to aflatoxins. Acute aflatoxicosis may result in generalized hemorrhage, bloody diarrhea and death in 1-3 days. In addition, aflatoxin toxicity can cause reduced feed intake, reduced weight gain, liver damage, jaundice, and...

Full Story »
May 8 10:26 AM, General News




URNER BARRY INDICES




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

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.