Corporate Operations: Page 165
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Hershey Q2 earnings sweetened by acquisitions and divestments
The Pennsylvania-based candy maker saw success with the Amplify acquisition, logistical improvements and the sale of an underperforming Chinese sector.
By Krishna Thakker • July 26, 2018 -
UNFI to acquire Supervalu for $2.9B
The move, which follows mounting pressure on the Minnesota-based company, expands UNFI's fresh business and gives it access to new markets.
By Jeff Wells • July 26, 2018 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
AB InBev's struggle to revive US sales continues
Growing consumer interest in small brewers and international imports, and a hefty marketing spend around the World Cup, weighed on its Q2.
By Emma Liem Beckett • July 26, 2018 -
Mondelez power brands push revenues up worldwide
The snacking giant posted solid growth, with e-commerce, biscuits and chocolate leading the way.
By Megan Poinski • July 26, 2018 -
Coca-Cola's diet drinks boost Q2 performance
The beverage giant exceeded Wall Street expectations, with a net income of $2.32 billion compared to $1.37 billion in the same quarter last year.
By Emma Liem Beckett • July 25, 2018 -
Rethink Water raises $6.7M for kid-sized boxes
As environmentally conscious millennials begin families of their own, they are looking for sustainable, healthy products for their children — a sweet spot the manufacturer is hoping to be first in.
By Patti Zarling • July 25, 2018 -
BJ's Wholesale Club finds success offering more fresh foods and smaller items
The East Coast bulk retailer says the refrigerated items represent 27% of sales, much higher than its competitor Costco.
By Patti Zarling • July 25, 2018 -
Tesco's new format raises questions about US grocers' discounter defense
The British retailer is reportedly preparing to open a chain of smaller low-price stores in response to Aldi and Lidl.
By Jeff Wells • July 24, 2018 -
Albertsons doubles down on experience at new Idaho store
The new flagship location in Boise offers culinary classes, events, a restaurant-style food court, a concierge, and will serve wine and 32 craft beers at its bar.
By Krishna Thakker • July 24, 2018 -
Chick-fil-A's meal kit test puts pressure on a crowded category
The quick-service restaurant plans to test five different varieties in Atlanta stores before deciding whether or not to roll the offerings out chainwide.
By Alicia Kelso • July 24, 2018 -
Deep Dive
Are grocers solving the e-commerce riddle? Depends on whom you ask
Most major supermarket chains have made investments or partnerships in the space, but some experts question whether they are doing enough to separate themselves from their competitors.
By Christopher Doering • July 23, 2018 -
PepsiCo CEO downplays threats to Gatorade's market dominance
While it's still the leading energy beverage in the country, the sports drink is facing headwinds as consumers sour on sugar and brands like BodyArmor grow in popularity.
By Cathy Siegner • July 23, 2018 -
Kroger shrugs off Amazon's Prime Day boast
The web giant's claim that it shipped more than 100 million products in the first 24 hours of Prime Day prompted a response from the grocer, which said it sells about 110 million items a day.
By Alicia Kelso • July 23, 2018 -
FMI: Grocers should take a more holistic approach to loyalty
A new report shows retailers can gain or lose loyal shoppers across all areas of their business, including merchandising, in-store experience and food departments.
By Alicia Kelso • July 20, 2018 -
New Jewel-Osco president faces an uphill battle in the Windy City
Paul Gossett, former head of Albertsons' Shaw's and Star Market divisions, steps into the role following the death of previous president Doug Cygan.
By Jeff Wells • July 20, 2018 -
Publix expanding Kahwa coffee partnership
The Tampa Bay-based coffee chain said it will add 130 of its in-store cafes to locations across the Southeast.
By Krishna Thakker • July 20, 2018 -
JUST partners with European egg leader for manufacture and distribution
Eurovo will use its existing facilities and supply chain to make and move JUST Egg, then sell the product in retail and foodservice channels, paying royalties to the California-based company.
By Megan Poinski • July 20, 2018 -
Unilever growth heats up despite chills in ice cream, condiments
The consumer goods giant said there was some "dialing back" in pricing following several strong years, as well as increased promotions for some food products.
By Patti Zarling • July 20, 2018 -
Nestlé's Lean Cuisine debuts meatless options with new Origins line
The Swiss company said the popular frozen entrée brand was broadening options for consumers by presenting on-trend ingredients in innovative ways.
By Cathy Siegner • July 20, 2018 -
Retrieved from Target on July 19, 2018
Target delivers same-day shipping to NYC metro area
By the start of the holiday season, the mass merchant plans to make available same-day delivery via Shipt to most stores nationwide.
By Corinne Ruff • July 19, 2018 -
Retrieved from Amazon on July 19, 2018
Report: Private label grocery sales are a mixed bag for Amazon
The company’s new Solimo coffee pods are a hit, but its Happy Belly snack brand is not living up to its name, according to One Click Retail.
By Jeff Wells • July 19, 2018 -
Southeastern Grocers pumps up Shell partnership with new loyalty program
The Florida-based grocer is moving on from the now-defunct Plenti rewards service to offer customers discounted gas in addition to grocery deals.
By Patti Zarling • July 19, 2018 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse Foods to eliminate 200 jobs by closing Nebraska office
The private label manufacturer established the operations center in Omaha following its 2016 acquisition of private label brands from Conagra.
By Megan Poinski • July 19, 2018 -
Yeast extracts may reduce sodium and sugar use in food
The extracts also reportedly boost the savory taste known as umami and could substitute for caramel coloring in some products.
By Cathy Siegner • July 19, 2018 -
Influential Gen Zers having big impact on food and beverage trends
Mintel said these consumers were influenced by parents who consumed health and wellness products, habits that are likely to remain as they get older.
By Cathy Siegner • July 19, 2018