The beverage tax instituted in Philadelphia back in January has had a profoundly negative impact on sales. In addition to causing a decline in beverage sales in the market, it has also caused declines in other categories.
According to a new report from global research and advisory firm IHL Group, U.S. retailers are opening 4,080 more stores in 2017 than they’re closing and plan to open an additional 5,500 next year.
The purchase gives the Swiss company a foothold in a rapidly growing market segment that could top $5 billion in sales by 2020.
The success of dollar stores has been one element of the recent discount boom in U.S. retail. Is their growth a threat to the core grocery category?
A high-profile Portland coffee roaster has been swept up in the consolidation that has defined the industry for the past several years. Boyd Coffee Company will be acquired by Northlake, Texas-based Farmer Brothers
The two better-for-you brands started out under Mondelez’s umbrella and were operated as a joint venture between the manufacturer and private equity firm Brynwood Partners.
The snack food and beverage company acquired Alsip, Ill.-based Labriola Baking Co., which began operations in 1993 as a local delivery bakery in the Chicago suburbs. Today, it has grown into a provider of premium pre-baked breads, rolls and soft pretzels for retail in-store bakery and foodservice outlets nationwide.
While the purchase is not the multibillion-dollar deal hinted at by the CEO earlier this year, it’s a strategic pickup that will help round out its foodservice portfolio.
The protein giant didn’t disclose the size of the investment, but it was part of $17 million in funding that also included Richard Branson and Bill Gates. This is the first investment by a traditional meat company in the “clean meat” segment, where companies use cutting-edge cell-replicating technology to grow beef, poultry and fish from living animal tissue.
The average supermarket e-commerce transactions are about five times larger than those bought through Amazon. Walmart, which started testing grocery delivery through Uber last year, says it’s expanded the pilot project to Orlando and Dallas.