Retail News
Recent economic turmoil may prompt companies holding cash
to curb spending and bolster their holdings further, according
to The Wall Street Journal. Cash held by non-financial
firms in S&P's 500-stock index are up 59% from the third
quarter of 2008 to some $1.2 trillion. Full
Story (WSJ Subscription Required) Meanwhile, small
businesses are also taking action, noted The Journal.
The owner of Finz seafood restaurant in Salem, MA expects
customers will opt for lower priced wines with dinner and
has put off spending $50,000 to enclose a porch area until
at least next year. Full
Story (WSJ Subscription Required)
Americans' favorite ice cream flavors
are: chocolate (28%); vanilla (26%); and cookie dough/cookies
and cream (22%), according to a Harris Poll conducted by Harris
Interactive. Other top choices are: butter pecan/Swiss almond
(19%); mint chocolate chip (15%); strawberry (12%); and rocky
road (11%). Full
Story
Grocery square footage in Chicago's food deserts increased
11% over the past two years, though the areas remain underserved,
according to a study by Mid-America Real Estate Corp. The
West Side grew approximately 18.7% increase in grocery square
footage, largely due to a proposed 60,000-sq. ft. Pete's Fresh
Market that will open next summer. While the number of food
retailers in Chicago and its suburbs increased 8.8% since
2009, growth was largely due to discount and gourmet retailers.
Full
Story
Worldwide mobile payment users will surpass 141.1 million
in 2011, up from 102.1 million in 2010, according to Gartner.
Mobile-payment volume is forecast to total $86.1 billion,
up from $48.9 billion last year. Subway's VP of global marketing
sees the "opportunity to integrate not just payments but social
media, search, location, GPS (and) mobile offers," reported
USA Today. Full
Story
Some 97% of moms shopping for back-to-school supplies
plan to look for sales or specials, while 72% claim price
is the No. 1 factor, according to a survey released by Parago.
Approximately 63% of moms shopping for school supplies this
year will use coupons. In addition, 41% of shoppers will visit
retailer websites to print out coupons, versus 33% last year.
Full
Story
New Store News: Family Dollar opened its 7,000th
store in Memphis, TN. Full
Story ... Sheetz opened a location in the Pittsburgh,
PA-area. Full
Story ... Pret A Manger is in talks to open its
first suburban location in Evanston, IL, reported Chicago
Tribune. Full
Story (Free Registration Required)
FoodLink added Price Chopper Supermarkets to its online
commerce platform for sourcing and managing perishable
goods, and will serve 128 stores in Connecticut, Massachusetts,
New Hampshire, New York, Pennsylvania and Vermont. Full
Story
Chicago-based four store grocery chain Moo & Oink Inc.
will either be sold or face liquidation following declining
sales and poor economic conditions, noted Austin Weekly
News. The company attempted to sell the business in 2010,
but the owners were unable to find a buyer interested in purchasing
the retail meat company. Full
Story
River Vale, NJ-based Vero Farms & Marketplace boasts meat,
charcuterie, cheese, seafood and bakery departments as
well as produce, prepared foods and shelves of imports. A
cheese selection includes fresh mozzarella made in the store
and burrata, a specialty mozzarella filled with cream, reported
The Record. Full
Story
Kmart launched the YouTube eight-part original Spanish-language
miniseries Madres y Comadres, which focuses on two Hispanic
mothers. The webisodes are styled to resemble a mock 'telenovela,'
and are accompanied by 12 video interviews with Hispanic moms
from Mexico, Peru, Guatemala and Colombia describing the nuances
of raising American children in a traditional Hispanic household.
Full
Story
Manufacturer News
Food recalls in the
U.S. increased during the second quarter of the year,
according to the quarterly ExpertRECALL Index. Undeclared
allergens were the most common cause, accounting for more
than 45% of all food recalls. Salmonella was the second leading
cause of food recalls during the quarter. Full
Story
About 40 million American households purchased
a Velveeta product within the last year, according to
Nielsen data cited by Kraft. The company is launching Velveeta
Cheesy Skillets, a line of just-add-meat pasta dinner kits,
in four varieties. Velveeta spent $7.6 million on advertising
for all its products in 2010, up from $4.2 million the year
prior, according to the Kantar Media unit of WPP, reported
The New York Times on the Web. Full
Story (NYT Subscription Required)
Overhill Farms, Inc. entered into a sales,
distribution and co-manufacturing agreement with Bellisio
Foods, Inc. Under direction of Overhill Farms, Bellisio
will provide sales management services for the Boston Market
frozen food line. Bellisio will also manufacture approximately
50% of the Boston Market products. Full
Story
William Ackman's Pershing Square Capital
Management raised its stake in Fortune Brands Inc. to
13.5% from 10.9%, according to a regulatory filing. Pershing
Square now holds 20.82 million shares of Fortune Brands, reported
Reuters. Full
Story
New Product News: Win Schuler Foods
launched refrigerated Original Garlic Spread and Five Cheese
Garlic Spread in Schnucks, Dierbergs Markets and Shop 'n Save
stores. Full
Story ... The FRS Company introduced Healthy Protein
and Healthy Energy beverages in recyclable bottles. Full
Story
Foodservice News
The Top 400 restaurant franchise companies generated an
estimated $33 billion in sales in 2010 and accounted for
almost 10% of the total commercial restaurant industry's $361
billion sales. Total units from the Top 400 came to 27,117,
comprising nearly 5% of the commercial restaurant industry's
units, according to the 2011 Top 400 Restaurant Franchise
Company Report, produced by Technomic in conjunction with
Restaurant Finance Monitor. Full
Story
Health News
Eating red meat, especially processed products, increases
the risk of type 2 diabetes, according to a study published
in American Journal of Clinical Nutrition. Individuals
can lower their diabetes risk by replacing red meat with proteins
such as nuts, whole grains or low-fat dairy products, reported
HealthDay. Full
Story
Washington News
Florida dairy farmers will oppose a proposed new federal
dairy support program that would penalize them for overproduction
when farm prices fall below a profitable level, reported The
Lakeland Ledger. Full
Story (Free Registration Required)
Dr Pepper Bottling Company of Dublin, Texas issued a
response to a federal lawsuit filed against the company.
The company will pursue using its local label. Full
Story

Global News
Canada's federal government will stop inspecting provincial
meat plants. The end of the federal inspections will affect
about 100 provincial facilities where the Canadian Food Inspection
Agency has had an arrangement for decades to inspect provincial
slaughterhouses and processing plants on their behalf, reported
Montreal Gazette. Full
Story
Ontario issued approximately $1.5 million in grants to
increase the amount of local food served across a variety
of taxpayer-funded institutions, including municipalities,
postsecondary schools and a northern native reserve. Some
of the money will go to support small distributors who specialize
in forging local food connections, reported The Globe and
Mail. Full
Story (Free Registration Required)
Darden Restaurants, Inc. entered into a formal area development
agreement with CMR to develop and operate Darden's Red
Lobster, Olive Garden and The Capital Grille brands in Mexico.
The agreement calls for CMR to initially develop a minimum
of 37 restaurants in the country over the next five years.
Full
Story
Hormel is positioning Spam as a premium product in China,
reported Bloomberg Businessweek. The company altered
Spam's formulation to make it "meatier" for Chinese
tastes. Spam's overseas revenue doubled in the past five years.
Full
Story
Nestle SA plans to double dairy output in Pakistan
by spending $413 million over the next three to four years
as it looks to fend off local rival Engro Foods Ltd. The investment
will be used to build new milk factories. The money will also
help boost the juice, yogurt and noodle businesses of Nestle
Pakistan, whose market value doubled in the past year, reported
Bloomberg.com. Full
Story
Tesco threatened legal action after being hit with a $16.1
million fine from the Office of Fair Trading following
an inquiry into the price fixing of dairy products, reported
BBC News. Full
Story
|
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Market News
Corn production is forecast at 12.9 billion bushels,
up 4% from 2010. If realized, this will be the third
largest production total on record for the U.S. Peanut production
is forecast at 3.61 billion-lbs., down 13% from last year.
Area for harvest is expected to total 1.12 million acres,
down slightly from June and 11% lower than 2010. Meanwhile,
U.S. dry edible bean production is forecast at 20.5 million
cwt for 2011, down 36% from last year. USDA
Crop Production
U.S. wheat supplies for 2011/12 are lowered 30 million
bushels this month as higher forecast winter wheat
production is more than offset by lower area and production
for durum and other spring wheat. Soybean supplies for 2011/12
are reduced as lower forecast production is only partly offset
by higher beginning stocks. WASDE
Report
Shippers of Northwest pears expect strong demand
and aggressive promotions when a big crop
of high-quality fruit begins shipping in volume in September,
a week to 10 days later than normal. An estimated 19.2 million
boxes of pears will ship from the Northwest this year, reported
The Packer Online. Full
Story
Potato yields should be light in some areas of Colorado's
San Luis Valley this season, but volumes
should be promotable. Over half of the crop marketed by Aspen
Produce LLC could have average or below-average yields due
to smaller sets, stated the company's marketing director,
reported The Packer Online. Full
Story
Poultry farms that transitioned from conventional to organic
farming have significantly lower levels of antibiotic-resistant
bacteria than conventional poultry farms, according to
a study published in Environmental Health Perspectives,
reported HealthDay. Full
Story
DuPont's Pioneer Hi-Bred completed a $1 million expansion
project at its corn research center in New Holland, PA.
The project consisted of a 9,600-sq. ft. equipment storage
and maintenance facility with a new corn dryer. Full
Story
APHIS will authorize the importation into the U.S. of
fresh papaya fruit from Malaysia. Based on the findings
of a pest risk analysis, APHIS found that the application
of one or more designated phytosanitary measures will be sufficient
to mitigate the risks of introducing or disseminating plant
pests or noxious weeds via the importation of fresh papaya
fruit from Malaysia. Full
Notice
APHIS prepared a pest risk analysis associated with the
importation into the U.S. of fresh Cape gooseberry fruit
(Physalis peruviana L.) with husks from Chile, and is making
the analysis available to the public for review and comment.
Full
Notice
The Department of Commerce is extending the time limit
for the final results of the administrative review of
certain frozen warmwater shrimp from Vietnam. The review covers
the period Feb. 1, 2009, through Jan. 31, 2010. Full
Notice
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