The fresh foods craze is carrying over to the soup category, where retailers increasingly are offering fresh, natural soups sold in the deli section or refrigerated case. The trend is likely impacting sales of conventional canned products.
Food producers and manufacturers of all sizes are becoming increasingly creative in their sustainability efforts. To eliminate fuel costs associated with shipping produce across the country, BrightFarms Inc. is constructing greenhouse farms on-site at grocery retailers.
Slough, England-based Reckitt Benckiser Group Plc is reaping the benefit of Americans' growing taste for hot sauce with sales of the company's Frank's RedHot Sauce climbing 18 percent in 2011 from prior year, Bloomberg reported.
Super Bowl watchers are expected to spend an average of about $64 on food, drinks, clothing and other merchandise related to the big game, up from $59 in 2010, the South Florida Business Journal reported.
Private-label products are seeing a rise in loyalty from consumers, with some shoppers paying more for store brands than for similar national branded products, The Wall Street Journal reported.
When costs rise during a slow economic period, retailers must decide whether to pass through cost increases and risk a decline in sales or hold the line on prices with hopes of attracting more volume.
