A number of US retail chains have announced an end to their purchase of ground beef containing ‘pink slime’ – leaving the meat processing sector in dismay and unable to forecast the long-term impact on the industry.
Private label’s share of new food product launches almost doubled last year, with retailer brands accounting for 15.9% of new SKUs (stock keeping units) in 2010 compared with just 8.5% in 2009, according to Treehouse Foods.
Growth of gourmet and premium foods may have slowed from previous double-digits, but consumers are unwilling to give up some luxuries and marketers have found ways to respond to the changing demand, according to a new report.
Retailers are increasingly providing ready-to-eat meals to US consumers, representing growing opportunities for manufacturers to cater for hot and cold convenience products, says a new report.
The majority of consumers can’t remember any new products that have been launched in the last year and appear unwilling to risk their money on trying something new, survey results showed.
Nestle International Travel Retail (NITR) is concentrating on expanding its range of confectionery and increase the frequency of its product launches in order to profit from its fastest-growing product sectors.
International retailing giant Ahold is to slash a further 850 jobs
in the US as it continues its streamlining and restructuring
efforts, it emerged this week.
International retailing giant Ahold today announced that a US
federal court has granted approval for its $1.1 billion legal pay
out to shareholders, compensating them for an overstating of
profits two years ago.