A conflict has existed for too long between CPGs and retailers over huge, yet notoriously low performing, trade funds (also called vendor funds.) Without a significant change, these trapped resources may delay sorely needed new programs at retail.
Industry analysts are predicting PepsiCo will increase marketing and advertising support for its beverage brands to $1.7 billion this year, up 50 percent from the prior year, Bloomberg reported.
In an exclusive interview with a co-founder of HomeGrocer.com, one of the fastest-growing Internet startups from the dot-com boom that later fizzled, Retail Leader explores the opportunities and challenges grocery retailers face in e-commerce today.
European hard discounter Lidl, which plans to have stores open in the U.S. no later than 2018, launched a website for suggestions on potential real estate sites, as well as vendor and employee applications.
Blount Fine Foods, a Fall River, Mass.-headquartered manufacturer of premium soups, entrees, sauces and side dishes for retail and foodservice, said it purchased Food Source LP, a custom food manufacturer based in McKinney, Texas.
Mother’s Market & Kitchen, a Southern California grocery chain with seven stores in Orange County, said it “selected and partnered” with investment firm Mill Road Capital.
Club store chain operator Costco is “quietly removing” tobacco SKUs this year, having begun reducing the presence of cigarettes at some of its U.S. stores three or four years ago, according to business news website TheStreet.com.
