Foodservice operators and distributors need to have facts at their fingertips every day to compete in a crowded marketplace where business requires knowing consumer trends as well how much that will cost. Foodservice members of the Food Institute will be able to:
Food continues to be teens' top spending category, remaining at its 24% peak, according to Piper Jaffray Cos.' Taking Stock With Teens survey. Chick-fil-A is the No. 1 restaurant among the age group, followed by Starbucks. Forty-five percent of teens say brand is the most important in making a purchase, compared with 33% six years ago. Full Story
Lancaster Colony subsidiary T. Marzetti Co. acquired Bantam Bagels for $34 million. Bantam Bagels is a producer and marketer of frozen mini stuffed bagels and mini stuffed pancakes to the retail and foodservice channels. Bantam Bagels are available at Starbucks cafes nationwide, and Lancaster is planning further expansion of the brand. Full Story
Taco Bell is testing new items across the country through mid-November, including the Toasted Cheddar Chalupa in Flint, MI. Additionally, the $2 Stacker Duo is being tested in Charlotte and the Reaper Ranch Quesarito in Milwaukee, reported MarketWatch. Full Story
Papa John's founder John Schnatter is requesting the chain remove a provision that bars him from talking to other investors about the company. Schnatter claims the provision violates law in Delaware, and is an "infringement on shareholders' rights." Papa John's defended the provision, saying it "reduces the likelihood that any person or group gains control of Papa John's without paying an appropriate control premium to all of the company's stockholders," reported New York Post. Full Story
B.Good will open its first locations in the Midwest. The chain will open three stores in the Chicago metropolitan area in Vernon Hills, Schaumburg and Naperville. Additional openings are planned in the greater Albany, NY, and Charlotte markets later in 2018. Full Storyread more
Upper Saddle River, NJ (October 17, 2018) – As we come upon the one year mark from the January 1, 2020 updated Nutrition Facts labeling deadline, and as consumers become more interested in label transparency and company trust, it is more important than ever for food industry executives to make sure their company is labeling their products correctly.
Same-store sales growth at Family Dollar would be essential in order for the discount retailer to stay competitive, according to Barclays. But this would be a challenge, as Dollar General’s prices remain superior and store overlap with Family Dollar is high.read more
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