Semi-prepared foods represent one of the top trends dominating the food and beverage industry, A. Elizabeth Sloan writes, with more than half of shoppers using partially prepared products when fixing dinner, nearly half purchasing take-and-bake meat items weekly and a third of shoppers showing interest in fresh food kits, according to FMI research. Other major trends include foods that cater to solo eating occasions, kid-focused foods and beverages, American regional foods and nutritional and supplemental drinks and snacks.
Target Chief Innovation and Strategy Officer Casey Carl will step down from the retailer in May, as the company focuses more on its core business and less on experimental projects without the promise of profitability in the near term. CEO Brian Cornell promoted Carl to the new post shortly after taking the reins at the company in 2014.
Wal-Mart is asking suppliers including Colgate-Palmolive, General Mills and Unilever to cut a gigaton of greenhouse gas emissions from the retailer's supply chain over the next 13 years. The reduction would be the equivalent of taking 211 million vehicles off the road for a year, the company said.
Luxury Mexican department store chain El Palacio de Hierro will open a store in Mexico City with a focus on health, wellness and fitness, said Carlos Salcido, vice president of marketing. Another store will be redesigned with an emphasis on Mexican culture, said Salcido, who detailed the retailer's "retail-tainment" strategy at the Terry J. Lundgren Center for Retailing's annual conference this week.
Samsung, the only TV-maker that doesn't support Dolby Vision, has released a competing high dynamic range format, HDR10+, which is currently only compatible with Samsung's 2017 HDR TVs. Amazon has signed on to make HDR10+ available on Prime Video before the end of 2017.
Meijer is training employees who will staff its first two stores in Michigan's Upper Peninsula when they open next month. The stores are part of a bigger expansion this year that includes seven new stores in Michigan, Indiana and Wisconsin.
AmazonFresh shoppers can now purchase meal kits from Martha Stewart's Martha & Marley Spoon brand in New York, San Francisco, Dallas, Philadelphia, Seattle, Boston, Washington, D.C., and Southern California. The service, which looks to capitalize on the $1.5 billion meal kit market, is different from rivals such as Blue Apron in that shoppers can purchase one meal at a time, rather than committing to buying a specific number or placing their orders in advance.
Target and Wegmans Food Markets were recognized for their innovation in sustainability at an industry event this week. Target was recognized for its efforts including installing 147.5 megawatts of solar power, diverting 1.3 billion pounds of retail waste from landfills, donating 61 million pounds of food and utilizing 40 megawatts of renewable wind power, while Wegmans' sustainability efforts included donating 14.5 million pounds of food, cutting waste by 80% in a test program and recycling 4 million pounds of plastic bags, 32.6 million pounds of food waste and 123 million pounds of cardboard and paper.
GM says it will seek compensation over the Venezuelan government's seizure of company assets last week, but compensation for the losses will be difficult. The government seized a General Motors factory, cars and other assets as anti-government protesters clashed with authorities.
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