Small investors are purchasing the buildings that house smaller-format Walmart grocery stores in the South, as retail real estate with tenants that fare better against e-commerce competition attracts more investments. Four of Walmart's Neighborhood Market sites in Tennessee were sold to an investor for $49.5 million, and three other sites are in the process of being purchased.
European discount grocer Lidl may have to adjust its business strategy in the US, where it looks to offer low prices at stores that cost more to operate than in Europe, according to analysts from Bernstein. "In our view Lidl still has a lot to learn, including in general merchandise, the labor model and adapting the wine offer," the analysts said.
Colorado-based organic grocer Lucky's Market will open a new store in Oakland Park, Fla., next month, marking the retailer's third store in the South Florida market. The new store will be located in Oakland Park's Downtown Culinary Arts District, which includes the Funky Buddha brewery and restaurants that emphasize fresh, local ingredients, according to a local developer.
New menu items at McDonald's including a line of "Signature Crafted" burgers and a promotion offering $1 sodas has helped the chain maintain the momentum its sales numbers have seen this year. "We're building a better McDonald's and more customers are noticing," President and CEO Steve Easterbrook said.
McCormick CEO Lawrence Kurzius is heralding the purchase of Reckitt Benckiser's food division as a new point of entry into the millennial demographic through the addition of Frank's RedHot. "If you look age group by age group, as you get younger and younger with the consumer, they have a higher and higher desire for spicy, flavorful flavors," Kurzius said.
Coca-Cola is eliminating Coke Zero from the US marketplace, and will launch Coca-Cola Zero Sugar in its place next month. The company reports success with the Zero Sugar formulation in regions where it's already on shelves, such as Europe, Africa and the Middle East.
In its homeland of Japan, the skewered and grilled chicken known as yakitori is often found as street food, and American chefs are experimenting with the style by branching out beyond poultry. Restaurants across the country are giving everything from scrapple to carrots the yakitori treatment, cooking the skewers on small, affordable konro grills.
Shapes outside the typical circle or square, sharp edges made from fondant and metallic decorations are some of the hottest trends in wedding cakes this year, according to three top bakers. Frosting-free or "naked" cakes are also a common request from engaged couples.
Buffalo Wild Wings is hoping to re-engage millennials who are more inclined to order takeout or frequent quick-serve establishments with its new B-Dubs Express store type. The new locations offer counter service and focus more on takeout, while still offering some seating, beer and sports on TV.
Legacy Records, a new project from Delicious Hospitality slated to open its doors in October in the still-developing Hudson Yard neighborhood of New York City, will feature a power dining room for night diners as well as an all-day cafe. Chef Ryan Hardy said the dining room menu will focus on fish with French and Italian inspiration, and the cafe will also feature strong European influences.
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