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Supermarket Industry News Roundup: September 29, 2017
Industry Cheers ‘Big Six’ Tax Reform Framework
The unveiling of the tax reform framework created by the so-called “Big Six,” which proposes reductions to corporate and pass-through-business tax rates, has earned the initial approval of industry trade organizations. Learn more via Progressive Grocer.
Food Industry Associations Praise Tax Reform Proposal
“We applaud House and Senate Republicans and the White House for continuing to pursue once-in-a-generation tax reform that will help spur job growth in communities across the country,” said Greg Ferrara, NGA SVP of government relations and public affairs. Learn more via The Shelby Report.
UVa-Wise Graduate Pursues 'Super' Dreams with Supermarket ScholarshipMikaela Campbell-Magaña is a born leader who pushes herself past the limit in all aspects of her life. Not only does she push herself, she inspires those around her to push themselves as well, and is known as something of a cheerleader, though she carries no pom-poms. Learn more via Bristol Herald Courier.
SpartanNash Foundation, Shoppers Raise $260K For Hunger Relief
Together with its store guests and company associates, the SpartanNash Foundation’s scan campaign to provide hunger relief raised $260,000 to support local food pantries and food banks. The hunger scan was the fourth scan campaign the SpartanNash Foundation executed in 2017, benefitting local Special Olympics, Habitat for Humanity, patriotic partners and local food banks. Learn more via The Shelby Report.
Roche Bros. to Build 3rd ‘Marketplace’
Roche Bros. has revealed plans to open a third location of its Brothers Marketplace banner early next year in Waltham, Mass., signaling confidence in the innovative small-store concept it debuted three years ago. Learn more via Supermarket News.
U.S. Retail CEOs Indicate Positive Financial Outlook Compared to Global Peers: KPMG
Retail and consumer goods CEOs in the U.S. tend to have a better outlook on the growth of the global economy, the industry and their own companies than their counterparts in other countries, according to new research from audit, tax and advisory firm KPMG. Learn more via Grocery Headquarters.
Clean Labels, Clean Snacking: The $41B Future Of Candy
From consumers’ growing knowledge about product ingredients, the “clean snacking” mindset has emerged. Clean snacking is a balanced approach to nutrition that explores realistic options rather than a more dogmatic philosophy that forbids snacks or sweets altogether, according to market research firm Packaged Facts in last year’s “Chocolate Candy in the U.S., 11th Edition” report. Learn more via The Shelby Report.
Digital Strategies for Holiday Candy and Snacks
With omnichannel strategies becoming ever more important at retail, it’s small wonder that grocers and manufacturers alike are increasingly turning to the digital realm when promoting holiday candy and snacks. Learn more via Progressive Grocer.
Using Touchpoints to Boost Online Grocery Sales and Engagement
Grocery stores and supermarkets are starting to analyze and understand consumer preferences through select retail touchpoints. Physical or virtual, they could include mobile, physical point-of-sale and online orders. Learn more via Food DIVE.
Increased Demand, E-commerce Signal Upswing in Canned Seafood: Report
Canned seafood is projected to accrue nearly $7 billion in incremental growth across the globe over the next five years, a recent report found. “Increased demand for canned fish and seafood, rising disposable income of consumers, and the emergence of private labels are expected to render a positive influence on the market,” wrote Technavio, which authored the report, “Top 3 Emerging Trends to Impact the Canned Seafood Market in the Next Five Years.” Learn more via Supermarket News.
Promotional Discounts Can Increase Traffic, Boost Profit: Study
Promotional discounts increase store traffic and lead to higher overall profits, especially if the advertised products are staples such as meat and produce that are purchased frequently, according to a new study published in the Journal of Retailing. Learn more via Grocery Headquarters.
Study: Millennials are Most Interested in Fresh and Healthy Foods
NGA's Supermarket Industry News Roundup is a weekly summary of news articles that highlights conversation around the independent supermarket industry and consumer trends. The links included in the summary have content that is not controlled by NGA.
A study of more than 12.5 million social media posts and other online commentary by millennials during the past year conducted by CBD Marketing substantiate many long-held assumptions about their food and beverage consumption and shopping habits, according to a statement. Learn more via Food DIVE.