Business
DeCA Launches Store Brands Price Shield Event
Throughout May, more than 900 Commissary Store Brand products will be priced at least 20% below on-shelf national brand equivalents during the Defense Commissary Agency’s Commissary Store Brands (CSB) Price Shield Event. The event takes place at stateside commissaries, excluding Alaska and Hawaii. The agency is working with its Retail Brand (private brand) supplier SpartanNash to launch one of the commissaries’ largest private brand promotional events, said Jim Flannery, acting executive director of DeCA’s Sales, Marketing and Logistics Group. “If you haven’t been to the commissary lately now is the time to return for huge savings,” Flannery said. “In this
Club Coffee to Be Acquired by Olam Food Ingredients
Ofi announced this week the acquisition of Club Coffee L.P. (“Club Coffee"), one of Canada’s largest roasters of packaged coffee to the ‘At Home’ segment. The transaction is expected to complete in Q2 2022, subject to regulatory approval and other conditions. The acquisition of Club Coffee is aligned with ofi’s growth strategy to deliver sustainable, natural, value-added food and beverage ingredients and solutions through a diverse channel mix, to customers across the globe. The private label and co-manufactured channel is an attractive, high value and growing part of ofi’s portfolio. Club Coffee is one of Canada’s largest coffee roasters and
Andy Jassy Publishes His First Shareholder Letter As Amazon CEO
Andy Jassy, who became CEO of Amazon in July of last year, has released his first annual letter to shareholders. The letter contains a recap of the retailer's 2021 performance and outlines its goals for the future. Before taking over the top post at Amazon, Jassy was CEO of the company’s Amazon Web Services cloud computing division. Dear shareholders: Over the past 25 years at Amazon, I’ve had the opportunity to write many narratives, emails, letters, and keynotes for employees, customers, and partners. But, this is the first time I’ve had the honor of writing our annual shareholder letter as
Lassonde Appoints Cade Culver President, Private Label Division
Lassonde Industries Inc, announced this week the appointment of Cade Culver as President of its Private Label Division of Lassonde Pappas and Company, Inc., one of the two largest producers of Retail Brand (private brand) shelf-stable fruit juices and drinks in the United States. Mr. Culver will report to the President and Chief Operating Officer of Lassonde Industries Inc., Vince Timpano. Cade Culver will be responsible for leading all Lassonde’s private label business activities in the United States and will be headquartered in Carneys Point, New Jersey. He will officially take office on May 2.“Cade is a seasoned executive with
New Study Points to the Impact of Sustainability Impact on Private Brands
The impact of sustainability efforts in the private brands sector may be bigger than previously realized. The adoption of sustainable practices by brands and retailers is responsible for about 20% of a businesses’ financial results, according to a new study by Supply Pilot. This research coincides with the rebrand of Solutions for Retail Brands (S4RB) to Supply Pilot, a supplier collaboration platform and consultancy aimed at helping brands and retailers become more sustainable. The study’s findings – which have been published and further explained in the company’s latest white paper titled “From Intention to Action” – mark the first time
Imperfect Foods Appoints ex-Amazon leaders COO, CMO, and CFO
Last week, Imperfect Foods, the online grocer at the forefront of eliminating food waste and building a better food system, announces the hiring of Corey Corey Farrell Farrell as Chief Operating Officer, Kelly Nigh as Chief Merchandising Officer, and Hetu Patel as Chief Financial Officer, all three ex-Amazon leaders. Their appointments further establish the certified B Corporation's growth and trajectory as a leader in the sustainable grocery movement. Farrell comes to Imperfect Foods after fifteen years at Amazon, where he served in several roles, first supporting business units as a finance leader and more recently, running multi-billion-dollar businesses within the consumables and
TreeHouse Names Joseph E. Scalzo to Board of Directors
TreeHouse Foods today announced that Joseph E. Scalzo will join its Board of Directors, effective immediately. Mr. Scalzo will join as a Class I director with a term expiring at the 2024 annual meeting of the Company's stockholders. Ann M. Sardini, Chair of the Board, said, "Joe brings to our Board significant operating experience in the consumer packaged goods industry, including in beverages, snacking and private label. His track record of value creation is significant. I am confident that his insights will further enhance our ability to execute against our strategic transformation and position the business for maximum value creation."
IRI and NPD to Merge
Information Resources, Inc. ("IRI") and The NPD Group ("NPD") announced the signing of a definitive agreement through which IRI and NPD will merge. The combination will create a global technology, analytics and data provider that offers clients a view of total retail purchasing and consumption trends powered by advanced, predictive analytics on the industry-leading IRI Liquid Data technology platform. The transaction, which is subject to customary closing conditions, is expected to close in the second half of 2022. Terms of the agreement were not disclosed. By bringing together complementary leading data assets across a broad range of industries on the
Kroger and Bed Bath & Beyond Launch E-commerce Experience
Kroger and Bed Bath & Beyond today announced the launch of the retailer’s e-commerce experience. “When our customers think of food, they think of Kroger,” said Stuart Aitken, Kroger’s Senior Vice President and Chief Merchant & Marketing Officer. “And we’re more than just food. This collaboration expands our e-commerce selection, enabling our customers to send a new homeowner a beautiful cheese board and the cheese that goes with it. Or they can send new parents a stroller alongside diapers and a Home Chef meal – all in one digital transaction, saving our customers time and providing a positive shopping and
Kroger’s Food as Medicine Platform Recognized by University of Cincinnati
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), funded the University of Cincinnati to execute an independent clinical research study to learn how retailers, like Kroger, serve as an important healthcare destination by leveraging food and nutrition education to support the health and wellbeing of shoppers. The study, Supermarket and Web-based Intervention targeting Nutrition (SuperWIN), was a groundbreaking, randomized controlled trial aimed at increasing diet quality and decreasing cardiovascular risk by promoting a heart-healthy diet through nutrition counseling provided by a registered dietitian."We have always believed in the power of Food as Medicine in managing and preventing
