Supermarket chains that can't afford to compete on price could see success by responding to regional tastes, according to Darrell Rigby, head of Bain & Co.'s global retail practice. Rigby cites Texas-based H.E. Butt Grocery Co. as being particularly in touch with its customer base.
Selling less food for more money could help in the battle against obesity, according to Dr. William Dietz of the Centers for Disease Control and Prevention, who spoke this week at the GMA Conference on the Future of Food. But one industry spokesperson said, "I don't think you're going to see anyone agreeing to limit consumer choice." A Food and Drug Administration official addressing the conference urged food makers to fortify their products with more nutrients.
On March 2, the Federal Reserve will begin filling orders for the new $10 bill, which will be colored in red, orange and yellow, as well as traditional green. The $100 bill is expected to be redesigned in 2007.