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Industry News
Tim Hortons plans to open approximately
900 locations in North America
between 2010 to 2013, with the 300 restaurants planned
for the U.S. to focus primarily on existing major regional
markets. The company is targeting further expansion
of the breakfast, afternoon and evening snacking dayparts,
extending lunch daypart opportunities and expanding
hot and cold beverage offerings. Full
Story
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Branded-food unit sales rose 2.4%
for the four-week period ended Feb. 20, compared
to a 0.2% decline for the four weeks ended Jan. 23,
according to a report released by Credit Suisse analyst
Robert Moskow. Store brands also rose 3.2% at retailers,
down from a 4% gain in January. Mr. Moskow partly attributes
the gains to shoppers stocking up on items before and
during winter storms, reported The Wall Street Journal.
Full
Story (WSJ Subscription Required)
Millennial and Gen X shoppers favor
mass supercenters and mass merchandisers over more
traditional formats like grocery or drug stores, which
remain a draw for the Greatest Generation and Boomers.
Millennials also topped the basket value list at grocery
stores and mass supercenters while Gen Xers were the
biggest spenders at mass merchandisers and drug stores,
according to The Nielsen Company. Full
Story
Price Chopper Supermarkets entered
into an agreement  to
purchase six P&C stores from Tops Friendly Markets.
Five of the six stores are located in northern New York
State. The sixth store is in Lincoln, NH. Full
Story
Pinnacle
Foods notified the New York state Labor Department that
it will close its Birds Eye corporate headquarters
in Rochester and move to New Jersey in July, reported
The Star-Ledger. Full
Story (Free Registration Required)
ARAMARK was ranked No. 1 in the Diversified
Outsourcing category on Fortune magazine’s
list of the “World’s Most Admired  Companies”
for the third-straight year. The Diversified Outsourcing
category covers businesses that offer a range of value-added
professional services. Full
Story
International News
The
European Union's (EU) promotion of plant-based biofuels
will raise EU farm incomes and
agricultural  commodity
prices, but could create food shortages for the world's
poorer consumers, according to draft EU reports, reported
Reuters. Full
Story
Sysco Food Service of Vancouver Incorporated
will expand its refrigerated food distribution center
in Port Coquitlam, British Columbia. Full
Story
Health News
A
few squares of dark chocolate a day may reduce the risk
of a hemorrhagic stroke by
52%, according to a Harvard study, reported
HealthDay. Full
Story
Washington News
 FDA
is taking steps to protect the public following the
early identification of Salmonella Tennessee in
Basic Food Flavors Inc.'s supply of hydrolyzed vegetable
protein. In coordination with CDC, USDA, other federal
agencies and state health departments, FDA is closely
monitoring and assessing the potential risks of illness
from affected products. Full
Story , List
of Related Companies
New York Senator Kirsten Gillibrand
is pushing for legislation that would require country
of origin labeling on all dairy products. Additionally,
Sen. Gillibrand introduced legislation to ensure stable
farm milk pricing by requiring cold storage facilities
to report their inventories to USDA. Full
Story
Market News
Cocoa futures fell to a six-month
low in New York on concern
that rising supplies may make end-users reluctant to
buy at current prices. Cocoa has lost 18% from a 30-year
high of $3,510 a ton on Dec. 16 on signs of increasing
supplies from West Africa, reported Bloomberg.com.
Full
Story
Exports of California grapes to Mexico
fell 70% after a 45% tariff was enacted after the
U.S. government ended a pilot program allowing Mexican
trucks on American highways. Local lawmakers and industry
groups are now asking the Obama administration to intervene
before the summer harvest, reported The Fresno Bee.
Full
Story (Free Registration Required)
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