Food Retail
Top stories summarized by our editors
2/21/2018

About 57% of Costco members are also Amazon Prime members, compared to 13% five years ago, according to a survey from MoffettNathanson. "Americans appear to be buying into the concept of owning two 'shopping' memberships as the value proposition is fundamentally different," the firm wrote in a research note.

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Costco, Amazon
2/21/2018

Consumers are likely to accelerate their adoption of online grocery shopping in the wake of recent mergers and acquisitions, a Nielsen report projects. Up to 70% or 80% of shoppers will be venturing online for at least part of their groceries within five to seven years, according to Nielsen's Laurie Rains.

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FoodNavigator
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Nielsen, Nielsen
2/21/2018

Private labels are becoming more important to shoppers, with 53% saying they would pick a store for its private label items, according to a report from Daymon. Successful private labels also encourage innovation and price competition from national brands as consumers have come to trust store brands, the report states.

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Forbes
2/21/2018

Tyson Foods has built a seven-person innovation team that is working to create a new product that will hit shelves in six months. One item in development is a high-protein snack derived from ingredients left behind during other food and beverage production processes.

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Tyson Foods, Tyson
2/21/2018

Food could be imprinted with effective, edible circuitry that would allow individual items to be tracked, according to a study from Rice University. In the study, lasers were used to carve a thin layer of graphene on food that could function as a tracking chip.

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Food & Wine online
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Rice University
2/20/2018

Albertsons will acquire a majority of the Rite-Aid drugstore chain in a cash-and-stock deal, adding crucial scale to the grocer's pharmacy operations, according to Bob Miller, Albertsons chief executive. Walgreens is already in the process of acquiring about 2,000 Rite-Aid stores, while pharmacies in Albertsons locations will move to the Rite-Aid brand.

2/20/2018

Red Lobster, Winn-Dixie and Publix have joined the movement among restaurants and grocers to convey to consumers that its seafood is responsibly produced, with Red Lobster using a Super Bowl ad to bring attention to the move. "A lot of companies want to do the right thing, but you have to develop a supply chain that's completely different from the one that exists right now," said Steve Kirn of the University of Florida's Miller Retail Center.

2/20/2018

Magical unicorn has become the first new shape in ten years to gain a permanent spot in the Lucky Charms marshmallow lineup. The shape was picked by popular vote and is a permanent addition to the cereal, replacing the hourglass shape.

2/20/2018

Wines created via volcanic soil tend to have more mineral complexity, according to master sommelier John Szabo, author of the book "Volcanic Wines -- Salt, Grit and Power." The soil can be more challenging for grapes to thrive, making the resulting wines more concentrated and structured, according to Szabo.

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Forbes
2/20/2018

Recognizing that career paths are not linear and developing the confidence necessary to take risks are key steps for success, said Deloitte CEO Cathy Engelbert. Engelbert made headlines for earning her CEO post, but said "we need to move these elevations of women into key roles from novelty to norm."

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CBS News
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Cathy Engelbert, Deloitte