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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
Walmart will make items from third-party sellers available for free two-day shipping and simplify the returns process for eligible products bought from marketplace sellers. The changes will roll out in mid-November, reported The Washington Times. Full Story
New Product News: NuNaturals launched a natural, sugar-free line of Pourable Syrups available in five flavors. Full Story ... Yummy Spoonfuls launched a line of USDA-certified organic meals in Walmart stores nationwide. Full Story
Store News: Amazon Go opened a location in San Francisco, with a second store planned, reported San Francisco Business Journal. Full Story ... Publix opened a location in Madison, AL, reported AL.com ... Dollar Tree will open a location in Houston, reported Houston Chronicle. Full Story ... Teriyaki Madness will open a location in Kapolei, HI, in 2019, with more Hawaiian locations expected. Full Story ... Mod Pizza will open a location in Houston, reported Houston Chronicle. Full Story ... FAT Brands reopened a co-branded Fatburger and Buffalo's Express in Barstow, CA. Full Story
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...read more
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