U.S. consumer demand for retail meat remains exceptionally strong despite higher prices stemming from increased production costs and supply chain limitations. However, once the full effects of producer price inflation finally hit retail meat cases, consumer demand for meat will be tested again, according to a new report from CoBank’s Knowledge Exchange. “Retail meat prices will […]
Category: National
Posted inDairy News, Feature, National
IDFA Board Member: Innovation Remains Key For Industry
The International Dairy Foods Association Economic Impact Study, which measures the combined impact of the dairy products industry, showed the economic impact totaled $752.93 billion in the U.S. With more than 90 percent household penetration and high frequency of consumption, IDFA board member Blake Waltrip said the average U.S. consumer today has anywhere from three […]
Posted inWholesaler/Distributor News, National
Ahold Delhaize Announces Partnership Of Bol.com And Cycloon
Ahold Delhaize has announced that bol.com, its online retailer in the Benelux, and delivery expert Cycloon completed the transaction for a partnership in which bol.com has become a majority shareholder of Cycloon. The Dutch Authority for Consumers and Markets has approved this transaction. Bol.com and Cycloon can now work toward the first joint delivery of a bol.com package, […]
Posted inAssociation News, BJ's Wholesale Club, National, Nonfood Items
FMI Welcomes Pharmacy DIR Regulatory Reforms
FMI – The Food Industry Association welcomed the U.S. Centers for Medicare and Medicaid Services’ announcement of a final rule on Medicare Part D that would lower point-of-sale drug costs for consumers while also providing pharmacies with greater price transparency. Even though the rule does not go into effect until 2024, FMI anticipates this regulation will […]
Posted inSnacks Brands, National
Mondelēz International Acquires Ricolino From Grupo Bimbo
Mondelēz International has entered into an agreement with Grupo Bimbo to acquire its confectionery business, Ricolino, for approximately $1.3 billion. Ricolino is a growing business with a leading confectionery position in Mexico. The acquisition will transform Mondelēz International’s business in the Mexico market to accelerate growth and scale in core snacking categories. With approximately $500 million […]
Posted inAssociation News, National
FMI 2022 Store Manager Award Winners Exemplify Industry Excellence
FMI – The Food Industry Association honored five store managers April 28 whose efforts merited their selection as winners of the 2022 Store Manager Awards. Hailing from diverse communities across North America, each of the five store managers overcame novel challenges to achieve record financial growth, customer satisfaction and employee performance, in addition to developing […]
Posted inGuest Contributors, Association News, National
Independent Grocers Fly In Formation, Voices United For Fair Competition
NGA takes pride in representing the independent grocery industry and is honored to speak in the halls of power in Washington on behalf of retailers, wholesalers and suppliers. As a generator of tax revenue and jobs while helping to feed this great nation, the industry must remind policymakers how important it is to Main Street […]
Posted inOnline Grocery Technology, National
GetUpside Rebrands As Upside, Raises $165M Series D Funding
Upside, the retail technology company rebranded from GetUpside, has raised $65 million in equity financing and $100 million in debt financing from General Catalyst with participation from existing investors including Bessemer Ventures and Builders VC. This latest round brings Upside’s valuation to $1.5 billion. “With inflation at a 40-year high, we are at an inflection […]