Amazon's deal to acquire Whole Foods Market could bring new challenges for Target, which recently launched a three-year revitalization and store redesign plan with food playing a key role. "Whatever competitive pressures were out there before today are now accentuated with this move," Morgan Stanley Analyst Simeon Gutman said.
Kroger sold 8.2 billion units of private label goods last year, marking a record for the retailer, and it will look to build on that success by adding more exclusive products to its 30,000-SKU private label lines, the company said. The retailer has expanded its private label lines by about 60 items per month for the last year and a half and has added about 1,000 products to its private label offerings so far this year.
Kroger has adopted a new mission statement to "Feed the Human Spirit," marking the retailer's shopper-focused strategy to cater to consumers' needs in today's rapidly changing retail environment, Chairman and CEO Rodney McMullen said Thursday. "Kroger has evolved many times over 134 years. We have successfully adapted and competed thanks to our relentless focus on customers and that is why we are confident in our ability to evolve today," he said.
About one-fourth of consumers who participate in digital grocery shopping add items to their baskets, and a third of shoppers who use click-and-collect services and digital coupons and 39% of shoppers who use subscription services buy more, according to a report from WSL Strategic Retail. However, wider adoption is still a challenge, with only 15% of shoppers taking advantage of click-and-collect programs and 12% using subscription services, the report revealed.
The impending Amazon-Whole Foods Market merger brings new urgency to the grocery industry's task of modernizing stores and making food shopping a more personal experience, experts say. "Grocers that are customer-centric are going to win," Capgemini Consulting's Shannon Warner said, adding that the key to success will be using customer data that traditional grocery players already have.
The wholesale price of a case of Georgia peaches jumped from $20 to $30 last month after warm winter weather and a spring freeze killed off a significant portion of this year's crop. The weather took an even bigger toll in South Carolina, where about 90% of the crop was destroyed.
The annual Center for Produce Safety Symposium in Denver this week attracted a record 325 people. "Our industry representatives are really the whole supply chain, and you're getting them geographically from all over the United States," Executive Director Bonnie Fernandez-Fenaroli said.
Vermont-based WhistlePig Whiskey is considering takeover offers, according to sources, amid several recent investments in small distilleries by major liquor brands. WhistlePig's Boss Hog: Black Prince Rye Whiskey won best in show at this year's San Francisco World Spirits Competition.
Craft beer, wine and spirits-makers have formed a nonprofit trade group, dubbed the Wisconsin Craft Beverage Coalition, to jointly represent their interests in the state. Started by the Wisconsin Winery Association, Wisconsin Brewers Guild and the Wisconsin Distillers Guild, the coalition will educate state lawmakers and promote legislation that helps the craft beverage industry thrive, according to a news release.
A bill that would allow Sunday alcohol service to start before noon, also known as the "brunch bill," has been paired with another bill that has advanced in the North Carolina Legislature. Supporters of the measure say it would help businesses that serve Sunday brunch.
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