Consumer packaged goods giant Mondelēz is reportedly considering a deal to acquire chocolate brand Hershey. That’s according to a report Monday (Dec. 9) by Bloomberg News, citing sources familiar with the matter. The takeover, assuming it proceeds, would create a mammoth food company with total...
Only time will tell if the slight bump in inflation — measured by the latest Consumer Price Index for October and released by the Bureau of Labor Statistics on Wednesday (Nov. 13) — is a blip or something more. The data shows that prices were...
Cautious lower-income consumers and slower restaurant sales are squeezing Kraft Heinz. The packaged food product company on Wednesday (May 1) released earnings showing a 1.2% drop in sales, driven by lower-income consumers spending less at both the supermarket and on meals away from home. The company said...
President Joe Biden wants snack food companies to end the practice of shrinkflation. That is the term for when businesses reduce the size of a product without a complementary reduction in prices. In a pre-Super Bowl video message posted to X Sunday (Feb. 11), Biden called on...
December 11, 2024
The key takeaway from the Consumer Price Index (CPI) released Wednesday (Dec. 11) is that the pace of inflation pace quickened in November, as reported by the Bureau of Labor Statistics. Two key areas of essential spending — food and shelter — saw yet another boost to prices. Groceries were more expensive, month on month, […]
March 30, 2021
With the restaurant industry hit hard by the events of the last year and small and midsize businesses (SMBs) disproportionately bearing the brunt of these challenges, consumers and businesses alike...
February 15, 2021
There are plenty of meal solutions out there to make home dining more convenient — microwave meals, meal kit subscription services, ready-to-cook meals from restaurants. However, with some exceptions, they...
June 12, 2020
It is difficult to think of an aspect of consumers’ lives that has not been thoroughly disrupted by the pandemic. There is one area where the changes are both profound...
December 09, 2024
Consumer packaged goods giant Mondelēz is reportedly considering a deal to acquire chocolate brand Hershey. That’s according to a report Monday (Dec. 9) by Bloomberg News, citing sources familiar with the matter. The takeover, assuming it proceeds, would create a mammoth food company with total sales of nearly $50 billion, the report said. Sources said […]
May 01, 2024
Cautious lower-income consumers and slower restaurant sales are squeezing Kraft Heinz. The packaged food product company on Wednesday (May 1) released earnings showing a 1.2% drop in sales, driven by lower-income consumers...
February 11, 2024
President Joe Biden wants snack food companies to end the practice of shrinkflation. That is the term for when businesses reduce the size of a product without a complementary reduction in prices....
November 03, 2023
Walmart’s shares reportedly reached an all-time high Friday (Nov. 3), with investors betting on its ability to thrive during the holiday season. This peak, at $166.30, is the highest point...
