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Consumers are altering their shopping behaviors as food and gasoline continue to grab a larger wallet share, according to TNS Retail Forward's American ShopperScape 2008. Shoppers are trading down to save money and seeking one-stop shopping venues and stores closer to home to save time and gasoline. Discount and value retailers are benefiting from an influx of cost-conscious shoppers at the expense of conventional and high-end retailers. In addition, store brands are benefiting at the expense of national brands. Full Story  The global market for non-alcoholic beverages will remain dominated by more perceivably healthy soft drink options, according to research group Global Industry Analysts. Global growth within the beverage segment is attributed to a shift away from carbonated beverages to products like juices, sports and energy drinks, ready-to-drink teas and coffee-based beverages, reported Beverage Daily. Full Story Anheuser-Busch launched 9th Street Beverages, LLC, a subsidiary which will cater to consumers of non-alcoholic beverages. The subsidiary will focus on energy drinks and high-end water, reported Progressive Grocer. Full Story The Coca-Cola Co. is testing a new proprietary fountain that can dispense more than 100 branded sparkling and still beverages from a single freestanding unit. The new dispenser takes up about the same space as the current eight-valve dispenser. The very high concentrate ingredients the new dispenser uses will cut packaging waste and energy use, and will reduce the storage space now needed to support fountain dispensers, according to the company, reported Atlanta Business Chronicle. Full Story (Free Registration Required) Campbell Soup Company will launch Campbell's Select Harvest soup line this fall. None of the 44 different flavors of soup contain MSG2, high fructose corn syrup, hydrogenated oils, or artificial flavors. Full Story 
The Coca-Cola Company offered to purchase China Huiyuan Juice Group Limited for $2.4 billion. Full Story Meanwhile, Groupe DANONE agreed to tender all of its shares in Huiyuan for a total of $2.4 billion to the pre-conditional takeover bid to be launched by Coca-Cola. Full Story
Antioxidant-rich foods, such as blueberries and artichokes, may help protect against macular degeneration. Antioxidants disrupt a link between two processes in the retina that, in combination, contribute to macular degeneration. Antioxidants also extend the lifetime of irreplaceable photoreceptors and other retinal cells, according to U.S. researchers, reported HealthDay. Full Story
A U.S. District Judge ruled in favor of Gristedes workers in their lawsuit against the supermarket chain. The grocer violated federal and state labor laws by failing to pay some 400 current and former workers overtime wages, according to Judge Paul Crotty of the Southern District. The workers seek nearly $15 million in back pay and damages for salaried employees, and the judge will determine the extent of Gristedes' compensation, reported Crain's New York Business. Full Story (Free Registration Required) Schools can keep their budgets in the black while serving nutritious lunches, according to case studies evaluated in a USDA report, Balancing Nutrition, Participation, and Cost in the National School Lunch Program. Some schools succeeded by reducing costs, and others have raised revenues through increased student participation. Federal nutrition guidelines, meal reimbursement, and commodity donations can help schools meet their objectives, although variation in food prices and nutrition goals present added challenges. Full Story
Louisiana-based industries including sugar and coffee appear to have escaped damage from Hurricane Gustav. Sugar analysts believe that the state's crop did not sustain enough damage from Gustav to affect prices, reported Reuters. Full Story Jamaica Producers Group will temporarily halt banana exports after Hurricane Gustav flattened entire plantations. The storm damaged more than 70% of farms producing bananas, and it is not clear when exports will resume, stated chairman Marshall Hall, reported The Associated Press. Full Story  |
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