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Industry News
Retailers
and suppliers will need to adapt to consumers' new shopping
behaviors to succeed in today's
evolved marketplace and during the post-recession recovery,
according to The New Consumer Behavior Paradigm:
Permanent or Fleeting? report from PricewaterhouseCoopers
LLPand Retail Forward, a Kantar Retail company. Rampant
deal-seeking will be replaced by more purchase selectivity
and the use of shopping techniques and tools discovered
during the recession. Additionally, the affluent segment
of Generation X and the young Generation Y will lead
spending in the recovery. Full
Story
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WMS Report: Is Your Warehouse
Ready for the Upswing? Three Steps to Take Now
You've been in maintenance mode for what seems
like years - are you sure your warehouse or DC
is ready for the economic recovery? Follow a three-step
action plan to prepare your business.
Download
your FREE copy
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Sam's
Club introduced a Joint Business Planning approach
to foster collaboration with its suppliers. The program
encompasses digital offers, eValues, and Tastes and
Tips sampling program. Sam's Club expects the program
to be fully rolled out by September. Full
Story
The
Meat House launched a franchise development program.
The company has territory agreements in place for over
125 stores in 11 states, with another 100 stores in
six other states under consideration. Full
Story
This
week's New Products Hits and Misses with Phil  Lempert
discusses and ranks products including Made Blueberry
Lemonade, Happy Bites Mac and Cheese Patties and Maramor
Chocolates Premium Dark Chocolate with Probiotics. Five
products are evaluated each week. To
view, click
here.
Target
is implementing a scannable mobile coupon program.
Full
Story
Amazon.com
removed many of its Colorado online business
affiliates due to a law requiring it to notify those
who purchase Amazon merchandise through a local website
 that
they owe state sales taxes, reported The Denver Post.
Full
Story
International News
Alimentation Couche-Tard
Inc. expects a shakeout in the U.S. convenience store
sector in the months ahead
as companies struggle with stagnant sales in a weak
economy, reported The Financial Post. "We keep
looking" for acquisition opportunities, CEO Alain Bouchard
noted during a webcast. Full
Story
Ireland-based Glanbia is
in talks to sell its Irish dairy and agricultural business,
reported Reuters. Full
Story
Health News
 Healthy-weight
women who drink a light to moderate amount of alcohol
tend to gain less weight over
time than non-drinkers, claims a study published in
the Archives of Internal Medicine, reported USA
Today. Full
Story
Washington News
Basic Food Flavors reportedly knew
that its plant was contaminated with Salmonella,
according to FDA inspectors. Managers allegedly learned
on Jan. 21 that samples taken a week earlier from their
Nevada facility tested positive for salmonella, yet
continued operations, reported The Washington Post.
Full
Story (Free Registration Required)
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A
Look at Merger & Acquisition Activity, Past,
Present and Future
A
Food Institute Webinar
LAST
CHANCE TO REGISTER! There have been
over 2,500 divestitures involving the food
industry over the past decade. Following
tepid activity last year due to economic
conditions, many analysts see an increase
in activity this year and beyond. This webinar,
scheduled for Thursday, Mar. 11 at 12 p.m.
(EST), will review recent activity in M
& As, which The Food Institute has been
tracking since 1928. You will also hear
from The Food Partners about how companies
are evaluated in this process and what makes
them appealing to sell and to buy. To sign
up for the webinar or learn more, click
here.
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New
York Assemblyman Felix Ortiz introduced a bill that
would ban the use of salt in the preparation of
restaurant food across the state, reported Nation's
Restaurant News. Full
Story (Free Registration Required)
Market News
The Florida all orange forecast,
at 131 million boxes, is up 2% from the previous forecast,
but down 19% from last season's final utilization, according
to USDA's Crop Production Report. Florida FCOJ yield
forecast for the 2009/10 season is 1.53 gallons per
box at 42.0 degrees Brix, down 2% from the Feb. 1 forecast
and down 8% from last season's final yield of 1.66 gallons
per box. Full
Report
U.S. wheat ending stocks for 2009/10
are projected 20 million bushels higher as a reduction
in expected food use pushes ending stocks to one billion
bushels, noted ERS. U.S. corn production is lowered
20 million bushels based on updated estimates of yields
for Illinois and Minnesota and harvested area for Michigan.
U.S. corn production remains a record at the revised
estimate of 13.1 billion bushels. Meanwhile, U.S. soybean
ending stocks for 2009/10 are projected at 190 million
bushels, down 20 million from last month. WASDE
Report
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