New York-based PepsiCo Inc.’s fourth-quarter net income fell 5 percent because of higher costs and cut its earnings forecast on a dim view of the economy. Shares of the maker of soft drinks, Frito-Lay snacks and Quaker cereal fell nearly 3 percent in pre-market trading. Net income fell to $1.37 billion, or 85 cents per […]
Category: National
Posted in, National, Suppliers
Higher Prices Help Tyson Foods
Springdale, Ark.-based Tyson Foods’s net income jumped 86 percent jump its fiscal first quarter, helped by improving chicken sales and rising prices for beef and pork, the meat producer said today, reports The Associated Press. Tyson shares climbed 8 percent to $18.95 in pre-market trading. The improvement is a strong signal the meat producer has […]
Posted in, Beverage News, Grocery News, National
Pulpy Joins Growing Roster of Billion Dollar Brands for The Coca-Cola Co.
Minute Maid® Pulpy™ has been added to the roster of The Coca-Cola Co. brands that have achieved global retail sales of more than $1 billion, bringing the number of billion dollar brands in the company’s portfolio to fourteen. Minute Maid Pulpy, a significant global innovation, reached the $1 billion sales mark in only five years. […]
Posted in, National, New Products
Choice Organic Teas Relaunches Its Original Line with New Look
Seattle-based Choice Organic Teas is relaunching its Original line with refreshed packaging for the first time since its introduction more than 20 years ago. The Original line, which has been the flagship product for the company, began appearing on store shelves in January with a revamped logo, new design features and individually labeled envelopes. “The […]
Posted in, National, The Independent Perspective
The 112th Congress Takes Office
Now is the time to build relationships and educate new members. A number of important and encouraging pieces of legislation passed at the end of 2011 that will have positive implications for independent retailers and wholesalers: the favorable extension of the estate tax at a top rate of 35 percent with a $5 million exemption, […]
Posted in, C-Store News, National
Love’s Travel Stops to Build 20 in 2011
Love’s Travel Stops & Country Stores, a national operator of travel centers and convenience stores based in Oklahoma City, has announced planned capital expenditures of $230 million for calendar year 2011. The majority of this amount, $180 million, will be spent on new construction. More than 20 new travel stop locations will open this year, […]
Posted in, National, New Products
Green Diamond Shopping Bags Are Lead-Free
Green Diamond Bags™ are the only lead-free, triclosan-free, antimicrobial and recyclable shopping bags on the market today, the company says. The bags are treated with AP360, a chitosan-based solution that bonds molecularly to fabrics. It is derived from chitin, a substance found in crustaceans such as crab, shrimp and squid. Chitosan comes from the chitin […]
Posted in, National
Awards Presented at FMI Midwinter Executive Conference
Jan. 24, 2011—At the annual Food Marketing Institute’s (FMI) Midwinter Executive Conference, held Jan. 23-25 in Phoenix, Ariz., three industry leaders have been honored with awards.