Rich Products has named longtime company vet Richard Ferranti its new president, succeeding William Gisel, who will remain the company's CEO. "As we look ahead to 2019 and beyond, we have enormous opportunities to grow our business by delivering even greater value to our customers across the globe," Ferranti said.
With consumers wanting greater access to protein-rich beverages and foods, manufacturers ought to be precise in developing formulations that are also compatible with a wide array of other nutritional trends, writes Jeff Gelski. Protein sources such as raw milk-derived Nutri Whey Native, paleo-friendly ChikPro and highly soluble CreaBev represent a sampling of ingredients that allow specificity in meeting the needs of functional beverage and snack consumers.
A new app from Dollar General allows mobile users to scan their items and pay while avoiding checkout lines. The DG Go app, for now available for use in just 10 stores, emails users an immediate receipt and applies any saved coupons automatically.
Starbucks will shutter upwards of 150 underperforming company-owned locations in 2019 and limit the number of new licensed stores. The company lowered its full-year profit forecast, and CEO Kevin Johnson calls the projected 1% same-store sales growth in the current quarter "not an acceptable performance."
Dunkin' Donuts will open a new concept store in the Chicago suburb of Morton Grove, Ill., this year, one of a few markets where the chain will test the concept. The stores will have a more modern design, sell cold-brew on tap and offer more convenience options and espresso drinks.
Five of Union Square Hospitality Group's restaurants have gone cashless and more are expected to, and CEO Danny Meyer makes the case for switching to mobile and plastic payment methods. Eliminating cash promotes employee safety, speeds transactions and fosters a more efficient operation, he writes.
Walmart US revealed that it will move Chief Marketing Officer Tony Rogers to the newly created position of chief member officer at Sam's Club. Rogers said the challenge appealed to him, in part, because Sam's Club is a bit of an underdog in the marketplace, a rarity for a Walmart division.
A startup company is working with some Costco and Harps stores to provide avocados that stay ripe for twice as long, thanks to an added coating. Apeel Sciences is applying plant material as a protective layer that extends the window of ripeness, with the advantage of reducing product spoilage for the grocer.
Coca-Cola's Sprite brand is the third-ranked soft drink in the world and maintains its momentum by always working to expand its consumer reach points, according to an analysis by Kantar Worldpanel. "In the US, where it gained the most CRPs globally, Sprite increased penetration amongst younger consumers -- recruiting basketball star LeBron James to drive awareness," Kantar said.
School nutrition professionals in a Texas district are serving summer meals that include local produce and milk through the Farm Fresh Challenge. Students also engage in activities that include local fruits and vegetables, such as a recent watermelon-rolling contest.