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| The Food Institute, One Broadway, Elmwood Park, NJ 07407 Phone: 201-791-5570 Fax: 201-791-5222 www.foodinstitute.com | |
May 06, 2008Industry NewsSupermarket industry sales increased 4.6% in 2007, and same-store sales rose 4.2%, however, these gains were largely offset by the 4.2% food-at-home inflation rate last year, according to the Food Marketing Institute's Food Retailing Industry Speaks: Annual State of the Industry Review 2007. Looking at the future, the report found a high level of anxiety over a growing number of issues, including energy costs, healthcare costs and the economy. Full Story Meanwhile, higher fuel and food costs and other economic pressures are having a pervasive impact on how consumers shop, cook and dine, according to the Food Marketing Institute's U.S. Grocery Shopper Trends 2008 report. Economic concerns are compelling Americans to cook at home more and eat less often at restaurants (71%). Additionally, consumers are buying fewer luxury foods (67%) and more store-brand items (60%) and eating more leftovers (58%). The high cost of fuel is contributing to the decline in the number of shopping trips - below two per week for the second straight year at 1.9. Lastly, when deciding where to shop, 37% of consumers cite "low prices" as the overriding factor - well ahead of the second most often cited factor (convenient location at 13%). Full Story The needs and preferences of Senior consumers, including Baby Boomers, are often overlooked at the retail level, according to Paul Murray creative director for Varsity at the FMI Show. The top issues among members of the age group when shopping are: items are hard to reach (54%); items are hard to find (27%); crowds are difficult to navigate (27%); and prices are hard to read (22%), reported Supermarket News. Full Story Restaurant chains are increasingly offering up not only free food, but a variety of free menu items, to get customers in the door with hopes of making them into repeat customers. Such free-product promotions may actually proliferate as the economic downturn progresses and consumers are less likely to eat out, reported The Salt Lake Tribune. Full Story Wal-Mart is opening its first "Hispanic community" store in Garland, TX, on May 7, according to The Dallas Morning News. The store has the chain's first bakery equipped to make corn tortilla chips from scratch and will be the first to stock several brands from Mexico such as Fud lunch meat and cheeses and Bonafont soft drinks, according to store manager Daryl Scoggins. Latino brands found in other stores such as Topo Chico, Barrilitos, and Jarritos are carried in greater quantities and varieties, stated Mr. Scoggins, reported WFAA.com. Full Story
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Washington NewsSenate Republicans asked EPA to halt the country's plans to expand ethanol production amid rising food prices. Twenty-four Republican senators suggested that the agency waive, or restructure, rules that require a fivefold increase in ethanol production over the next 15 years, reported The Associated Press. Full Story
Market NewsBeekeepers reported a total loss of about 36.1% of their honey bee colonies, up about 13.5% from the previous winter, according to a survey by the Agricultural Research Service and Apiary Inspectors of America. Losses attributed to Colony Collapse Disorder appear to be about the same, with just over one-third of the operations reporting some lost colonies in which all adult bees disappeared. The combined survey checked on nearly 19% of the country's 2.44 million colonies. Full Story |
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FI's Mission: The Food Institute strives to be the best "single source" for current, timely and relevant information about the food industry from "farm to fork." The association serves as a trusted source of information, providing balanced coverage of the issues. It delivers information through multiple media so that industry professionals worldwide can tap in when and how they choose. For more information, visit, http://www.foodinstitute.com. |
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