Industry News
Branded
food manufacturers are making some inroads on private label brands,
according to Nielsen data utilized by Citigroup. For the four-week
period ended Sept. 5, branded food manufacturers gained 20 basis points
of dollar market share from private-label brands over the same period
last year, marking the first time since late 2006 they have gained
share. The share gains stemmed from food makers sticking to price
increases in their branded food, despite lower ingredient and energy
costs, as well as more stable volume shipments, the analysts noted.
The data does not include Wal-Mart sales figures, reported MarketWatch.
Full
Story
WinCo
Foods opened a new distribution center in Boise, ID, reported
Supermarket News. Full
Story
New
Product News: General Mills' Yoplait Frozen Fruit and Yogurt
Smoothies will be available in the frozen fruit section of grocery
stores nationwide in September. Full
Story ... Timothy's
World Coffee and Kahlua launched the Kahlua Original Coffee
K-Cup. Full
Story ... Don Francisco's Coffee will relaunch its Holiday
collection, which will be available from Oct. 1 to Jan. 31. Flavors
include Holiday Blend, Cranberry Creme, Dark Chocolate Mint and Pumpkin
Spice. Full
Story ... Interstate Brands Corporation's Wonder and Home
Pride breads are now available in North Texas. Full
Story ... Beemster launched a limited-edition Pink Ribbon
Vlaskaas cheese, available through the end of October. Full
Story
Some
75% of retailers launched new store concepts and prototypes in the
last 12 months, according to a poll taken during the Convenience
Store News Future Forum Virtual Trade Show's Retail Format Innovation
panel. The other 25% stated they had no plans to launch a new format.
None of the respondents stated they planned to launch a new prototype
in the next six or 12 months, reported Convenience Store News.
Full
Story (Free Registration Required)
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If Cadbury is acquired, who will purchase it?
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Restaurant
Roundup:
Round Table Pizza introduced Barbeque Chicken Pizza. Full
Story ... Red Robin Gourmet Burgers will offer two Italian-inspired
sandwiches and a Caramel Apple Smoothie this fall, reported Nation's
Restaurant News. Full
Story (Free Registration Required) ... Morton's Restaurant
Group, Inc. launched the "Morton's The Steakhouse At Home" catalog,
featuring steaks, seafood and gifts. Full
Story
...
Starbucks
released two iPhone apps, including a mobile payment system it is
testing in Seattle and Silicon Valley and "myStarbucks,"
an app that details store locations, reported The Seattle Times.
Full
Story (Free Registration Required) ... GetQuik
launched the GetQuik Facebook App, which allows customers to repeat
past orders. Full
Story
Latest
sales & earnings for food related companies (Updated Daily
- FI Membership Required)
Food Institute News
Manufacturers and retailers with a clear understanding of private
label forces will be able to develop and execute competitive strategies
for their brands which meet corporate goals while simultaneously delivering
against consumer needs, according to Information
Resources Inc.'s Private Label 2009: Game-Changing Economy Taking
Private Label to New Heights Times & Trends
report. The report explores current and emerging private label trends
as well as influencing factors that are reshaping the CPG industry.
For the report, click here.
(FI Membership Required)
|
Wiss & Company, LLP
WISS
has assembled expertise the likes of which will not be found
at other accounting firms. While others may claim food industry
knowledge, WISS is one of the few with a dedicated Food Industry
Group. WISS represents many of the prestigious food and beverage
manufacturers, distributors and retail grocery chain operators
in the New Jersey metropolitan area. As a result, WISS' Food
Industry Group has intimate knowledge of the challenges and
opportunities unique to the food industry.
To learn more about this Food Institute member visit: www.wiss.com
Interested
in seeing your company featured here? Email
us for more details.
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* Members only
International News
Canadian Tire Corp will make
a decision on its food strategy in 2010, according to Reuters.
The company plans to open more "smart store" formats, which
feature a small selection of groceries and may incorporate more products
in coming years, according to Canadian Tire president Mike Arnett.
"We're testing food in these stores, not to see how much food we can
sell at lower margins than our average general merchandise, but to
see what that does in terms of changing traffic patterns to the store,"
noted the executive. "What I would say about food is I like what we
have seen in the first five stores."
Full
Story
Health News
Eating a Mediterranean diet rich in fish, olive oil, legumes,
fruit and vegetables is heart healthy, but expensive, maybe even
prohibitively so, according to research from Spain published in Journal
of Epidemiology and Community Health, reported Reuters.
Full
Story
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Let's
Talk Kosher! - A webinar featuring the OU and FI
Recording Now Available!
What
is the significance of Kosher certified food, and what
are the implications for food producers, distributors
and marketers? Rabbi Eliyahu Safran, vice president of
Communications & Marketing for the OU, and Philip Katz,
partner at Hogan & Hartson, defined "kosher" and discussed
how kosher certification has significance to consumers
well beyond observant Jewish communities. To purchase
a recording of the webinar, please click
here or contact Sue Antista at 201-791-5570,
ext. 212 or santista@foodinstitute.com.
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Washington News
A
federal judge overturned government approval of Monsanto's "Roundup
Ready" sugar beets. U.S. District Judge Jeffrey White in San Francisco
found USDA's Animal and Plant Health Inspection Service violated environmental
law by failing to take a "hard look" at whether Roundup Ready sugar
beets would eventually share their genes with other crops. Noting
that pollen from genetically altered sugar beets could be blown by
the wind long distances to related crops, such as chard and table
beets, the judge ordered the agency to produce an environmental impact
statement examining the issue. It was not immediately clear what impact
the ruling would have on the U.S. sugar crop, about half of which
comes from Roundup Ready sugar beets, reported The Associated Press.
Full
Story
The Daily Update is a substantially abbreviated version of Today
In Food. You can get a subscription to Today In Food, which usually
has over 30 news items each day, as well as access to the archives
for just $49.95 per year. Click
here to sign up.
Market News
Potato farmers, researchers and industry representatives are trying
to find a new potato variety for McDonald's french fries. McDonald's,
which buys more than 3.4 billion-lbs. of U.S. potatoes annually, still
relies on the Russet Burbank for many of its fries, but socially conscious
investors want McDonald's to help cut pesticides to protect the environment
and farmworker health. McDonald's is scrutinizing the Bannock Russet,
a 10-year-old potato variety bred originally in Idaho that is not
as susceptible to disease as Russet Burbanks, according to The
Associated Press. Full
Story
Frozen food stocks in refrigerated warehouses on Aug. 31 were
greater than year-earlier levels for butter, cheese, eggs, pork
and turkey. Butter stocks were up slightly from last month and up
23% from a year ago. Total red meat supplies in freezers were down
4% from the previous month but up slightly from last year. Total frozen
poultry supplies were down 3% from the previous month and down 7%
from a year ago. Cold
Storage Report
