Category Archives: Business/Economy

Food Trend Predictions for 2019 — FoodDive.com

Food industry experts anticipate 2019 trends that embrace specialty diets, such as keto or vegan, as well as “functional” foods that contain probiotics. Unique, healthy snacks will also be on the menu: “Among the predicted trends for 2019, faux meat and plant-based foods, such as mushroom jerky, meatless patties and more cauliflower-based foods, will continue to grow in popularity. Probiotics and gut-healthy food will be ongoing trends, with more manufacturers adding them to foods and beverages. Snacking is likely to...

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Walmart Hosts In-Store Toy and Fortnite Events — Walmart.com

Walmart is hosting in-store events for kids and families in December: Toys will be available to try out and Fortnite events will keep customers engaged with their favorite game: “On Saturday, all Supercenters and Walmart Stores will be taking select toys out of their boxes, and letting kids try them out. Walmart will be hosting in-store demos for this year’s popular toys like Polly Pocket, Really Rad Robots, Legos, Sharper Image Flip Stunt Rally, Yellies, and more. America’s Best Toy...

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FDA Hires Walmart VP to Address Food Safety — NBCNews.com

Federal regulators are looking to blockchain and retailer expertise to prevent food supply contamination issues: “The FDA has hired Walmart’s vice president of food safety, Frank Yiannas, as deputy commissioner for foods and veterinary medicine. Gottlieb hopes Yiannas can help persuade the U.S. food industry to adopt a computerized system that keeps track of each head of lettuce, or box of mangoes, or package of chicken parts, along each step of the way from farm to store or restaurant.” P.S....

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Sears Secures Bankruptcy Loan — Chicago Tribune

Sears has secured a bankruptcy loan that will allow it to remain in business for the time being: “Sears had negotiated a $350 million loan from specialty financing firm Great American Capital Partners that would have cost 11.5 percentage points over a benchmark lending rate, according to a previous court filing. The new deal with Cyrus will cut the company’s borrowing costs by 1.5 percentage points, company lawyer Sunny Singh said at a hearing in White Plains, N.Y., on Tuesday.”...

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Big-Time Corporations, Small-Time Branding — Star-Tribune.com

Major CPG companies are taking advantage of consumer interest in “artisan” products: “Golden Valley-based General Mills is the maker of a little-known brand of paleo-certified, grain-free granola products called Autumn’s Gold. Kellogg Co. created Joybol smoothie bowls. Nestlé USA created Wildscape, a line of frozen food entrees with ingredients such as freekeh, turmeric farro and the Korean pepper paste gochujang. Food industry consultant Victor Martino calls them the ‘stealth small brands.’ In a column for the website Just-Food, he described...

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Black Friday: Record Online Sales — Yahoo! Finance

Black Friday in the U.S. set records for online sales, indicating that retailer efforts to streamline online and mobile sales are critical to ongoing success: “Black Friday pulled in $6.22 billion in online sales, up 23.6 percent from a year ago and setting a new high, according to Adobe Analytics, which tracks transactions for 80 of the top 100 internet retailers in the U.S. like Walmart and Amazon AMZN . Those figures arrived as many retailers have pushed big digital...

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Hacking Consumer Attitudes Towards Walmart — Retail Wire

Is it possible for Walmart to alter public opinion about its brand? Maybe. “Digging deeper, we found people who love Walmart, really do love Walmart. That loyalty is built around one theme: price. The bad news is that the people who don’t like Walmart, really don’t like Walmart. They had one consistent and unifying gripe: customer service. Their reputation with some consumers for treatment of workers may also be an issue.” P.S. Have you wondered whether Walmart is a good...

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Younger Shoppers Plan Black Friday Shopping — Retail Dive

Gen Z and Millennials are planning to shop, and spend, this holiday weekend: “Younger shoppers — 16% of Gen Z compared to 7% of their Gen X parents — are willing to pull an all-nighter to get in line for Black Friday sales, according to a survey of 7,056 of users of shopping rewards app Shopkick emailed to Retail Dive. While everyone seems to be on the hunt for deals, millennials (39%) are the most likely to be swayed by them and...

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Possible SNAP Changes Concern Analysts — GroceryDive.com

An analysis of proposed changes to the SNAP program has some advocates concerned: “Up to 1.1 million American households receiving Supplemental Nutrition Assistance Program (SNAP) benefits could experience a $50 to $75 cut in their monthly benefit under the proposed House Farm Bill, while about 4 million households could see an increase of around $10 a month in benefits, according to a new analysis from Mathematica Policy Research funded by the Robert Wood Johnson Foundation. Among those households that would see a...

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Ugh! Another One-Off Request from the Retailer

Are one-off requests and seasonal customization disrupting your supply chain? At some point in any business, the one-off requests become the new norm. That usually means the industry is changing, and we’ve been watching it happen in retail for several years. This week on the podcast, our friend Kerry Bailey from Menasha Packaging is back to talk about seasonal customization. He also discusses handling those one-off requests from your retailer when the supply chain wasn’t built to meet the new...

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