Fairway Group Holdings Corp., parent company of Fairway Markets, a New York City food retailer, has reached an agreement with its lenders on the terms of a reorganization that will eliminate approximately $140 million of debt and provide financing to restructure the company’s balance sheet. The group filed a Joint Prepackaged Chapter 11 Plan of […]
Category: Northeast
Posted in, Northeast
Final FDA Menu Labeling Rule Raises NACS & FMI Concerns
Late last week, the Food and Drug Administration (FDA) issued its final guidance on menu-labeling regulations, with a final date of May 2017 for compliance. After reviewing the final document, the National Association of Convenience Stores (NACS) determined that the May 2017 compliance date is about the only language the FDA updated from its draft guidance. […]
Posted in, Northeast
Boston Licensing Board To Allow For BYOB
The City of Boston’s Licensing Board unanimously voted last week to amend its rules and regulations and allow BYOB (Bring Your Own Beverage) in Boston. “I see this as an opportunity to bring increased economic activity to neighborhoods across Boston, and I thank the Licensing Board for taking up this measure that has great potential […]
Posted in, Amazon Fresh, Northeast, Whole Foods
Specialty Food Sales Hit Record High In 2015
The specialty food industry is now a $120.5 billion industry, largely fueled by the growth of small businesses. According to the Specialty Food Association (SFA), specialty food sales at retail grew to $94 billion in 2015, a 19.7 percent jump since 2013, driven by product innovation and wider availability of specialty foods through mass-market outlets. […]
Posted in, Northeast
Sheetz To Hire 8,000 Employees, And More…
C-Store News In Brief… On the heels of investing more than $15 million in 2016 to increase employee wages, Sheetz plans to hire more than 8,000 employees companywide. The initiative aims to increase the company’s total employee count and full-time positions by creating and filling jobs at stores throughout Pennsylvania, West Virginia, Virginia, Maryland, Ohio […]
Posted in, Albertsons, Northeast
Hormel Designs Line To Meet Needs Of Cancer Patients, And More…
New Channels News in Brief… For people battling decreased appetite and energy, unintentional weight loss and fatigue while undergoing cancer treatment, Hormel Foods has introduced Hormel Vital Cuisine, a line of packaged ready-to-eat meals, nutrition shakes and whey protein powders. The products are nutrient- and protein-rich, a huge benefit to patients who often battle a […]
Posted in, Northeast
NACS Urges Retailers To Comment To Protect C-Store SNAP Program
The National Association of Convenience Stores (NACS) has launched a web page to make it easier for convenience stores to submit comments on the proposed changes to the Supplemental Nutrition Assistance Program (SNAP). The Food & Nutrition Service (FNS) is giving retailers until May 18 to file comments. According to NACS, if implemented, the proposed rule changes the requirements […]
Posted in, Northeast
RIHA Says Paid Sick Leave Bill Would Damage Rhode Island Businesses
The Rhode Island Hospitality Association (RIHA) is urging its members to contact state legislators to oppose the proposed paid leave bill under review. Five states in the country have approved such a bill, including Massachusetts, Connecticut and Vermont. According to the RIHA, the Rhode Island bill is more generous than any of the five other states. The […]