The Food Institute Report back issues from July 1998:
CPFR Increases Sales.(Collaborative Planning, Forecasting, and Replenishment computer program)(Brief Article)
Jul 06, 1998 ... Collaborative Planning, Forecasting, and Replenishment (CPFR) is the latest program to be developed from Efficient Consumer Response (ECR). The concept requires retailers and manufacturers to agree on sales forecasts for a given period based on sales history, promotion plans, and other ...
Drug Store Consumables.(Brief Article)
Jul 06, 1998 ... Consumers are going to drug stores for consumables with increasing frequency. A recent survey conducted by Drug Store News and the Spar Group found that 62.2% of consumers in the drug store purchased only consumables.While it was long held that consumables purchases in drug stores ...
Europe Not Keen On U.S. Cereal.(Brief Article)
Jul 06, 1998 ... Cereal companies like Kellogg view Europe and Asia as an opportunity for growth at a time when the U.S. cereal market is in decline ($7.2 billion today, compared with $8.0 billion at the end of 1994). Sales of all cereal brands have risen 150% in Italy to 30,000 metric tons in 1997 from ...
Foodservice Distribution Facing Cost-Structure Challenge.(Brief Article)
Jul 06, 1998 ... The expense structure faced by the foodservice distribution industry was scrutinized by Richard Schneider, senior vice president, merchandising services and multiunit sales, Sysco Corp., Houston, TX, at the 90th annual Grocery Manufacturers of America convention recently.He noted ...
Japanese Mergers.(Brief Article)
Jul 06, 1998 ...Up As WellDivesititures involving all Japanese firms could reach a record-high this year. Through the first half of 1998, mergers and acquisitions among these firms totaled 434 - up 28% from a year earlier, according to Nikko Securities Co. This would mark the fifth consecutive ...
mergers and acquisitions.(several briefs)
Jul 06, 1998 ... China Peregrine Food Corp., West Palm Beach, FL, has entered into a definitive agreement to acquire a 52% interest in Hangzhou Meilijian Dairy Products Co. of China from American Flavors China, Inc.Meilijian produces dairy and juice products, including milk powder, bottled yogurt, ...
1998 Mid-Year Merger Review: Food Industry Divestitures Approach 400-Mark.(Industry Overview)
Jul 06, 1998 ... During the first six months of 1998, The Food Institute recorded a whopping 393 divestitures of food and food-related firms in the U.S. That's up nearly one-third from the 300 transactions tallied last year at this point. If this pace continues, and there is no sign that it will not, mergers ...
Monsanto Buys Cargill's Foreign Seed Unit.(Brief Article)
Jul 06, 1998 ... In a move which expands the crop biotechnology race overseas, Monsanto Co., St. Louis, MO, agreed to pay $1.4 billion for the foreign seed operations of Cargill, Inc., Minneapolis, reports The Wall Street Journal (June 30). Monsanto executives put the potential for overseas markets for its ...
NEWS IN A MINUTE.(several briefs)
Jul 06, 1998 ... * ConAgra Inc., Omaha, NE, announced a reorganization plan with management changes as well, including a new president and CEO, Raymond DeRiggi, for one of its more profitable divisions, ConAgra Grocery Products Companies. ConAgra is consolidating its grain-services and commodity-services ...
Premium Juice A Hit For Ocean Spray.(Brief Article)
Jul 06, 1998 ... Ocean Spray Cranberries, Inc., Lakeville, MA, launched a new premium line of Wellfleet Farms cranberry juice blends, which proved to be the most successful product launch in the company's 68-year history.The cranberry giant shipped 400,000 cases of the 100% cranberry juice blend in ...
No "Real" Growth Evident In Grocery Store Or Restaurant Sectors.
Jul 06, 1998 ... "Real" or deflated sales for grocery stores in May were a negative 2.4% bringing "real" growth for the first five months of 1998 to a negative 1.7%.That Food Institute estimate continues to suggest a decline in physical tonnage moving through traditional supermarket operations. In ...
Large Beef Patty Recall Announced.(Costco Wholesale Corp.)(Brief Article)
Jul 06, 1998 ... Costco Wholesale Corp. recalled about 172,000 pounds of frozen ground beef patties from 24 states after the presence of E. coli was confirmed following an illness in New York State. The operator of warehouse club stores, recalled six-pound packages of ground sirloin and ground beef, which ...
Increased Spending in School Foodservice.(Brief Article)
Jul 06, 1998 ... Foodservice spending of the top 100 school districts increased 10.1% in 1997, as the decreasing trend of the past few years reversed.Combined foodservice spending of the top 100 districts totaled $956.19 million, accounting for over 85% of the total foodservice budget, which ...
Why People Eat Where They Do.(Brief Article)
Jul 06, 1998 ... Nine out of ten adults ate out in May, according to The Public Pulse (June).Although fast food restaurants are the most popular, with over 77% of adults frequenting them, only 12% of adults ate at no other type of restaurant.Convenience remains a major factor driving ...
CPFR Increases Sales
Jul 06, 1998 ... CollaboraTIve Planning, ForecasTIng, and Replenish- ment (CPFR) is the latest program to be developed from Efficient Consumer Response (ECR). The concept requires retailers and manufacturers to agree on sales forecasts for a given period based on sales history, promoTIon plans, and other ...
Drug Store Consumables
Jul 06, 1998 ... Consumers are going to drug stores for consumables with increasing frequency. A recent survey conducted by Drug Store News and the Spar Group found that 62.2% of consumers in the drug store purchased only consumables. While it was long held that consumables purchases in drug stores were ...
Europe Not Keen On U.S. Cereal
Jul 06, 1998 ... Cereal companies like Kellogg view Europe and Asia as an opportunity for growth at a TIme when the U.S. cereal market is in decline ($7.2 billion today, compared with $8.0 billion at the end of 1994). Sales of all cereal brands have risen 150% in Italy to 30,000 metric tons in 1997 from ...
Foodservice DistribuTIon Facing Cost-Structure Challenge
Jul 06, 1998 ... The expense structure faced by the foodservice distribuTIon industry was scruTInized by Richard Schneider, senior vice president, merchandising services and mulTIunit sales, Sysco Corp., Houston, TX, at the 90th annual Grocery Manufacturers of America convenTIon recently. He noted that ...
Japanese Mergers Up As Well
Jul 06, 1998 ... DivesiTItures involving all Japanese firms could reach a record-high this year. Through the first half of 1998, mergers and acquisiTIons among these firms totaled 434 - up 28% from a year earlier, according to Nikko SecuriTIes Co. This would mark the fifth consecuTIve year of increased ...
Mergers and Acquisitions
Jul 06, 1998 ... China Peregrine Food Corp., West Palm Beach, FL, has entered into a definiTIve agreement to acquire a 52% interest in Hangzhou Meilijian Dairy Products Co. of China from American Flavors China, Inc. Meilijian produces dairy and juice products, including milk powder, bottled yogurt, flavored ...
1998 Mid-Year Merger Review: Food Industry DivesTItures Approach 400-Mark
Jul 06, 1998 ... During the first six months of 1998, The Food InsTItute recorded a whopping 393 divesTItures of food and food-related firms in the U.S. That's up nearly one-third from the 300 transacTIons tallied last year at this point. If this pace conTInues, and there is no sign that it will not, mergers ...
Monsanto Buys Cargill's Foreign Seed Unit
Jul 06, 1998 ... In a move which expands the crop biotechnology race oversees, Monsanto Co., St. Louis, MO, agreed to pay $1.4 billion for the foreign seed operaTIons of Cargill, Inc., Minneapolis, reports The Wall Street Journal (June 30).Monsanto execuTIves put the potenTIal for overseas markets ...
NEWS IN A MINUTE
Jul 06, 1998 ... - ConAgra Inc., Omaha, NE, announced a reorganizaTIon plan with management changes as well, including a new president and CEO, Raymond DeRiggi, for one of its more profitable divisions, ConAgra Grocery Products Companies. ConAgra is consolidaTIng its grain-services and commodity-services ...
Premium Juice A Hit For Ocean Spray
Jul 06, 1998 ... Ocean Spray Cranberries, Inc., Lakeville, MA, launched a new premium line of Wellfleet Farms cranberry juice blends, which proved to be the most successful product launch in the company's 68-year history. The cranberry giant shipped 400,000 cases of the 100% cranberry juice blend in just six ...
No "Real" Growth Evident In Grocery Store Or Restaurant Sectors
Jul 06, 1998 ... "Real" or deflated sales for grocery stores in May were a negaTIve 2.4% bringing "real" growth for the first five months of 1998 to a negaTIve 1.7%. That Food InsTItute esTImate conTInues to suggest a decline in physical tonnage moving through tradiTIonal supermarket operaTIons. In the first ...
Large Beef Patty Recall Announced
Jul 06, 1998 ... Costco Wholesale Corp. recalled about 172,000 pounds of frozen ground beef patTIes from 24 states after the presence of E. coli was confirmed following an illness in New York State. The operator of warehouse club stores, recalled six-pound packages of ground sirloin and ground beef, which ...
Increased Spending in School Foodservice
Jul 06, 1998 ... Foodservice spending of the top 100 school districts increased 10.1% in 1997, as the decreasing trend of the past few years reversed. Combined foodservice spending of the top 100 districts totaled $956.19 million, accounTIng for over 85% of the total foodservice budget , which includes ...
Why People Eat Where They Do
Jul 06, 1998 ... Nine out of ten adults ate out in May, according to The Public Pulse (June). Although fast food restaurants are the most popular, with over 77% of adults frequenTIng them, only 12% of adults ate at no other type of restaurant. Convenience remains a major factor driving fast food restaurant ...
ADM Exec Price Fixing Trial Underway
Jul 13, 1998 ... The largest U.S. criminal anTItrust case in several decades got underway last week, allegedly involving an internaTIonal cartel, embezzlement and an undercover informant. Three former execuTIves from Archer Daniels Midland Co. are on trial for parTIcipaTIng in a cartel to fix prices in the ...
McDonald's Distributor Changes Hands
Jul 13, 1998 ... MarTIn-Brower, the largest exclusive food distributor to Oak Brook, IL-based McDonald's in the U.S. and Canada and the third-largest systems distributor as ranked by ID, has been acquired by Reyes Holdings, Lake Forest, IL, for $200 million, reports ID (July). In the year through June 30, ...
Beefed Up Cattle Drive Falling Prices
Jul 13, 1998 ... Some industry insiders see no sign of the end to the cattle-price free-fall that has been driven by beefed up cattle, reports The Wall Street Journal (July 6). Cattle going to slaughter this year average 1,194 pounds each, according to recent USDA staTIsTIcs, 20 pounds more than they weighed ...
Growth ConTInues At Membership Clubs
Jul 13, 1998 ... The membership club industry is expected to conTInue its strong growth into the new millenium, as the industry is expected to build new domesTIc and internaTIonal units, especially in urban areas. The number of membership club units is expected to reach 1,040 by the year 2002, significantly ...
Eagle Food Centers Increases Capital Expenditures
Jul 13, 1998 ... After being battered by compeTITIve openings for the last five quarters, Eagle Food Centers, Rock Island, IL, is hoping to reclaim sales with a $65 million capital expenditures program, reports Supermarket News (June 29). The program is up dramaTIcally from $19.6 million last year, $12.8 ...
Noted in the federal register
Jul 13, 1998 ... NEW SOFT DRINK SWEETENER: This is the official announcement from the Food and Drug AdministraTIon amending the food addiTIve regulaTIons to provide for the safe use of acesulfame potassium (ACK) as a nonnutriTIve sweetener in nonalcoholic beverages. [See FOOD INSTITUTE REPORT, July 6, page 9 ...
A&P BoosTIng Its Presence In North Jersey
Jul 13, 1998 ... The Great AtlanTIc & Pacific Tea Company, Montvale, NJ, is purchasing five Foodtown supermarkets in New Jersey for $12.25 million. The stores-in Old Tappan, Washington Township, Dumont, Hoboken and Belleville-will be converted to the A&P banner. The deal is expected to be finalized between ...
Canadian Home-Meal Replacement Start-Up Company Eyes U.S.
Jul 13, 1998 ... An expansion effort is in the works at Toronto-based InternaTIonal Meal SoluTIons, Inc. (IMS), including a public offering and plans for a manufacturing facility in the Midwestern U.S. to complement its Kitchener, Ontario plant, reports Frozen Food Age (June). The company expects modest ...
Small Farmers No Longer In Hog Heaven
Jul 13, 1998 ... The rapid growth of big hog factories has emerged as perhaps the most contenTIous issue in the naTIon's farm country. (The New York Times even published an editorial on the topic on July 8.) While some big-scale corporate hog farming has existed for years, it is now starTIng to dominate this ...
Luby's New Growth Plan
Jul 13, 1998 ... Luby's Cafeterias, Inc., San Antonio, TX, plans to change its fast food and casual-theme menus, extend its hours of operaTIon and focus more on take-out business. The change was iniTIated by management after sluggish sales and flat profits.More contemporary menu items, breakfast, ...
mergers and acquisiTIons
Jul 13, 1998 ... All Seasons, Inc., Braintree, MA, has acquired Republic Vending Services and Republic Food Services, both based in Stoneham, MA; PC Vending Co., Runnemede, NJ; and Break-Time Vending, Inc., New Castle, DE. All Seasons currently has 5,000 vending and manual foodservice clients in 13 ...
news in a minute
Jul 13, 1998 ... Procter & Gamble Co., CincinnaTI, will reduce the price of Folgers coffee, the best-selling U.S. brand, for the second TIme this year after the cost of buying raw coffee beans plummeted. P&G will lower the list price of regular and decaffeinated Folgers by 20 cents for each 13-ounce can as ...
Pathmark Faces STIff CompeTITIon
Jul 13, 1998 ... Pathmark CEO James Donald is advising store associates to start stealing a larger market share, reports Supermarket News. At the TIme of Donald's takeover of the Woodbridge, NJ-based company in 1996, Pathmark had experienced diminishing financial performance, attributable a new marketplace ...
Take-N-Bake Pizza Moves East
Jul 13, 1998 ... Take-n-bake pizza outlets, tradiTIonally located in the western US, are gearing up for eastward expansion. Vancouver, WA-based Papa Murphy's InternaTIonal, the niche market leader, is paving the way, with plans to end the year with 400 units and move into Iowa, Kansas, Wisconsin, and ...
First Half Wholesale Food Prices STIll Trail '97
Jul 13, 1998 ... Despite a marginal 0.1% increase in the Producer Price Index for all finished consumer foods in June, this index after six months of 1998 was sTIll averaging 0.7% less than the first half of 1997, with prices for 10 of the 17 major food categories trailing last year.Among the more ...
Food Product Recalls Reported
Jul 13, 1998 ... The FDA Enforcement Report (July 8) included the following recalls:Kellogg's Rice Krispies Treats Cereal, in 14.8-oz. boxes, bearing a Better If Used Before date code of Sep 17,1998RC on boxtop, manufactured by Roskam Baking Company, Kentwood, MI, and recalled by Kellogg USA, ...
ADM Exec Price Fixing Trial Underway.
Jul 13, 1998 ... The largest U.S. criminal antitrust case in several decades got underway last week, allegedly involving an international cartel, embezzlement and an undercover informant. Three former executives from Archer Daniels Midland Co. are on trial for participating in a cartel to fix prices in the ...
McDonald's Distributor Changes Hands.
Jul 13, 1998 ... Martin-Brower, the largest exclusive food distributor to Oak Brook, IL-based McDonald's in the U.S. and Canada and the third-largest systems distributor as ranked by ID, has been acquired by Reyes Holdings, Lake Forest, IL, for $200 million, reports ID (July). In the year through June 30, ...
Beefed Up Cattle Drive Falling Prices.
Jul 13, 1998 ... Some industry insiders see no sign of the end to the cattle-price free-fall that has been driven by beefed up cattle, reports The Wall Street Journal (July 6). Cattle going to slaughter this year average 1,194 pounds each, according to recent USDA statistics, 20 pounds more than they ...
Growth Continues At Membership Clubs.
Jul 13, 1998 ... The membership club industry is expected to continue its strong growth into the new millenium, as the industry is expected to build new domestic and international units, especially in urban areas. The number of membership club units is expected to reach 1,040 by the year 2002, significantly ...
Eagle Food Centers Increases Capital Expenditures.
Jul 13, 1998 ... After being battered by competitive openings for the last five quarters, Eagle Food Centers, Rock Island, IL, is hoping to reclaim sales with a $65 million capital expenditures program, reports Supermarket News (June 29). The program is up dramatically from $19.6 million last year, $12.8 ...
A&P Boosting Its Presence In North Jersey.
Jul 13, 1998 ... The Great Atlantic & Pacific Tea Company, Montvale, NJ, is purchasing five Foodtown supermarkets in New Jersey for $12.25 million. The stores--in Old Tappan, Washington Township, Dumont, Hoboken and Belleville--will be converted to the A&P banner. The deal is expected to be finalized between ...
Canadian Home-Meal Replacement Start-Up Company Eyes U.S.
Jul 13, 1998 ... An expansion effort is in the works at Toronto-based International Meal Solutions, Inc. (IMS), including a public offering and plans for a manufacturing facility in the Midwestern U.S. to complement its Kitchener, Ontario plant, reports Frozen Food Age (June). The company expects modest ...
Small Farmers No Longer In Hog Heaven.
Jul 13, 1998 ... The rapid growth of big hog factories has emerged as perhaps the most contentious issue in the nation's farm country. (The New York Times even published an editorial on the topic on July 8.) While some big- scale corporate hog farming has existed for years, it is now starting to dominate ...
Luby's New Growth Plan.
Jul 13, 1998 ... Luby's Cafeterias, Inc., San Antonio, TX, plans to change its fast food and casual-theme menus, extend its hours of operation and focus more on take-out business. The change was initiated by management after sluggish sales and flat profits.More contemporary menu items, breakfast, ...
Pathmark Faces Stiff Competition.
Jul 13, 1998 ... Pathmark CEO James Donald is advising store associates to start stealing a larger market share, reports Supermarket News. At the time of Donald's takeover of the Woodbridge, NJ-based company in 1996, Pathmark had experienced diminishing financial performance, attributable a new marketplace ...
Take-N-Bake Pizza Moves East.
Jul 13, 1998 ... Take-n-bake pizza outlets, traditionally located in the western US, are gearing up for eastward expansion.Vancouver, WA-based Papa Murphy's International, the niche market leader, is paving the way, with plans to end the year with 400 units and move into Iowa, Kansas, Wisconsin, ...
First Half Wholesale Food Prices Still Trail '97.
Jul 13, 1998 ... Despite a marginal 0.1% increase in the Producer Price Index for all finished consumer foods in June, this index after six months of 1998 was still averaging 0.7% less than the first half of 1997, with prices for 10 of the 17 major food categories trailing last year.Among the ...
Canteen Adds Branded Products.
Jul 20, 1998 ... Canteen Vending Services is rolling out branded, microwave-ready sandwiches from restaurant chains Hardee's and Rally's as well as freshly made sandwiches from Blimpie to about 7,500 of its vending-account locations. The move is part of Canteen's effort to revamp foodservice-vending ...
Shredded Cheese Grows Category.
Jul 20, 1998 ... Shredded cheese has helped boost the growth of the $8.8 billion cheese category by approximately 5% per year for the past two years, according to The U.S. Cheese Market study conducted by Manhattan-based FIND/SVP. Shredded cheese sales have steadily grown throughout the 1990s, from $719 ...
Mid-Year Food Price Report: Food Price Inflation Low At-Home Costs Down In June.
Jul 20, 1998 ... During June the consumer price index for all food dropped 0.1% and for the first six months of 1998 was averaging only 2.1% higher than 1997's first half - at the low end of the overall 1998 forecast of a 2-3% increase in food prices. Food at-home prices between Jan. 1-June 30 ...
Rising Production & Weak Demand Spells Midwest Farm Economy Ills A Southern Drought Also Causing Havoc.
Jul 20, 1998 ... While low food price inflation may be good for consumers (see page 2), problems for farmers are piling up. Low prices for wheat from the Northern Plains are spreading to the big three Midwest commodities: corn, soybeans and hogs. Prices for all three are sinking toward ...
Eating & Drinking Place Sales, First Half '98 Full Menu Operator Sales Up, Limited Menu Down.
Jul 20, 1998 ... During June total U.S. sales of all eating & drinking places were up 1.7% from last year to nearly $21.2 billion, according to advance Bureau of Census figures. That brought sales for the first half of 1998 to more than $120.8 billion or 0.9% more than the first six months of 1997 ....
FOODSERVICE FRONT.
Jul 20, 1998 ... * Panasonic's home and commercial products subsidiary has launched a small compressorless refrigerator, called Peltier, which does not require the use of any refrigerant gas. It is marketing the units, available in two sizes, to hotel chains, foodservice operators and corporate ...
Regular Foods on the Rebound.
Jul 20, 1998 ... Americans are expressing a greater interest in "regular" foods than they did in the mid-1990's. The current figures on regular foods are not record-breakers for most categories, but mark a return to levels of the early 1990's. People can no longer ignore the evidence pointing to the harm ...
Food Store Sales, First Half '98 Grocery $$ Up 0.9%.
Jul 20, 1998 ... During June total U.S. food store sales reached $36.6 billion or 3.5% more than June 1997, according to advance Bureau of Census figures. For the first half of 1998 total food store sales were nearly $214.6 billion or 1.6% more than the first six months of 1997. Grocery stores ...
NEWS IN A MINUTE.
Jul 20, 1998 ... Country Pure Foods, Inc., Akron, OH, has reached an agreement to acquire the Ardmore Farms juice and juice drinks business of The Quaker Oats Co., Chicago, IL. Ardmore Farm's product lines include frozen, single-serve fruit juices and Skigo smoothies, both sold to foodservice customers in ...