Popcorn, Truffles & Boba Tea: Indulging in Fancy Food Trends
At the recent Specialty Food Association’s Summer Fancy Food Show, significant trends in snacking and indulgence took center stage. Market researcher David Lockwood highlighted popcorn as a standout item, showcasing unique flavors like Sea Salted Brulée and Spicy Taco. These…
Southeastern Grocers Hands Out Scholarships to Deserving Employees
Southeastern Grocers Inc. (SEG) is setting a powerful example in the retail industry with its recent initiative to support the educational pursuits of its employees. In a commendable move, the company awarded $3,000 scholarships to 25 deserving associates from both…
Costco Reports Brisk Grocery Sales for July
In July 2024, Costco Wholesale Corp. achieved remarkable grocery sales, reporting net sales of $19.26 billion. This figure represents a significant year-on-year increase of 7.1%. Notably, sales within the United States alone experienced a rise of 5.3%, compared to a…
Turkey increases customs taxes to curb cross-border ecommerce
The Turkish government is implementing significant tax changes aimed at curbing the growing trend of online consumer orders from foreign ecommerce sites. As ecommerce in Turkey continues to surge, these reforms reflect a strategic move to bolster local businesses and…
Weis Markets Q2 Sales Come In Flat
Weis Markets Q2 Sales Come In Flat Weis Markets Inc., a prominent regional grocer, has announced its financial outcomes for the second quarter ending June 29. The firm reported net sales of $1.18 billion, reflecting a modest increase of just…
Quantum computing set to revolutionise key industries
Quantum computing is on the verge of transforming industries through unparalleled computational capabilities. This technology, still in its infancy, is attracting significant investments from major tech firms such as Google, IBM, and Microsoft. These companies are not merely exploring, but…
EXCLUSIVE: Where CPG Innovation Meets Food Policy
EXCLUSIVE: Where CPG Innovation Meets Food Policy Diet and health are central topics for stakeholders in the food chain, as consumers increasingly seek healthier options. The World Health Organization (WHO) has highlighted a pressing issue: global obesity rates have more…
CVS Performance Reflects Tough Channel Environment
CVS Performance Reflects Tough Channel Environment In an increasingly competitive climate, CVS Health Corp. has recently released its mixed financial results for the second quarter, highlighting the challenges faced by drug store chains. Despite reporting a revenue increase of 2.6%,…
Vestar Capital Closes Recapitalization of Roland Foods
Vestar Capital Partners, a prominent U.S. middle-market private-equity firm, has announced the successful recapitalization of Roland Foods LLC, a distinguished provider of premium global ingredients with a rich history in the foodservice industry spanning over 90 years. This strategic move…
UNFI Highlights Winter, Holiday Selling Season Offerings at Show
At the recent 2024 Winter and Holiday Selling Show in Minneapolis, United Natural Foods Inc. (UNFI) showcased an extensive array of innovative products designed to empower food retailers ahead of the holiday season. This year’s event, held from August 5…
