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July 02, 2009Industry NewsEditor's Note: Daily Update will not publish Friday, July 3 but will resume publication Monday, July 6. Wal-Mart recorded the most sales of any retailer in 2008 with with revenues exceeding $405 billion, while Kroger Co. was the second largest retailer in the U.S. in sales last year and Costco followed at third, according to The STORES Top 100 Retailers survey. Full Story General Mills Inc.'s Betty Crocker brand is rolling out gluten-free mixes for cookies, brownies and cakes, reportedly the first gluten-free offering from a major, mainstream brand in the cake-mix aisle. The Betty Crocker brand plans to market the products way by sponsoring online marketing, advertising in gluten-free lifestyle magazines and participating in gluten-related events, reported The Wall Street Journal. Full Story (WSJ Subscription Required) Kwik Trip is redesigning all 354 of it stores to include an expanded coffee bar and a front-of-store focus on fresh goods. The company also stated that it will incorporate earth tones and eye-pleasing colors create "a gentler, cleaner look," reported CSP Daily News. Full Story The Coupon Information Corp. (CIC) reported 93 cases of investigated or prosecuted coupon fraud over the last year and a half, compared with nine for 2007 and two between 1986 and 2001. The numbers are expected to continue rising, and CIC states the cost of these counterfeits has reached tens of millions of dollars. In June, Coca-Cola Co. withdrew a free 12-pack coupon from its "My Coke Rewards" program due to "widespread counterfeiting," reported The Wall Street Journal. Full Story (WSJ Subscription Required)
Tasti D-Lite plans to open 40 stores in Arizona over the next
10 years. The first location will open later this summer, reported
The Arizona Republic. Full
Story (Free Registration Required)
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Health NewsCeliac disease is currently four times more prevalent in the U.S. than it was in the 1950s, according to a Mayo Clinic study published in Gastroenterology. About one in 100 people have the disease, reported HealthDay. Full Story
Washington NewsStop & Shop Supermarket Co. filed a trademark infringement lawsuit against Big Lots Inc. to block the company's use of the phrase "Real Deal." Stop & Shop claims it became aware of Big Lots' use of the slogan in April in circulars, its website, store signs and a national TV ad campaign, reported Enterprise News. Full Story
Market NewsUSDA estimated soybean acreage for 2009 was a million acres less than what the trade was expecting, according to analysts speaking at a CME Group press briefing on USDA's June 30 Planted Acreage report. Conversely, USDA's estimate of corn acres was three million acres higher than expectations, reported Southeast Farm Press. 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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