Retail Summit Local 2

[email protected]: Kroger pursues 'local' edge | Changes to come at Nestle?

Each day at 5 p.m. we collect the five top food and supplement headlines of the day, making it easy for you to catch up on today's most important natural products industry news.

As Amazon takes Whole Foods national, Kroger thinks local

As Whole Foods scales back on efforts to promote small, local brands, Kroger ups its efforts to source from local suppliers. Last week, Kroger announced a page on its website called “We Are Local” that invites brands to apply to become suppliers. Meanwhile, Whole Foods will reportedly continue to centralize its decision-making and stop allowing brands to set up tables in-store to promote their products, although a spokeswoman said that Whole Foods would remain “committed to discovering and incubating local and innovative brands.” Read more at CNBC…

 

Nestle could swap out 10% of its portfolio, CEO Schneider says

There could be some "portfolio adjustment" in the works for Nestle, according to its CEO, Mark Schneider, at an investor day in London. "We will have to trade out of some areas and into others." Nestle thinks its high-growth areas include coffee, infant nutrition and pet care, while a sale of its U.S. confectionery business has been rumored. The company has recently acquired Sweet Earth and a stake in Blue Bottle Coffee. Read more at FoodBev Media...

 

How 2 young guys went from the brink of bankruptcy to selling their ‘Shark Tank’ business for $300 million

In 2012, two business school buds teamed up to  create Plated, a concept that delivers boxes of ingredients for easy-to-follow recipes that make it easy for consumers to make healthy meals at home. Plated was just acquired by Albertsons for a reported $300 million and is ready to take on Amazon Fresh. The entrepreneurs struggled to bootstrap their business until a lucky appearance on Shark Tank in 2014. Read more at CNBC…

 

Food assortments migrating to extremes

Product assortments are moving in a barbell shape, according to analysts who point to the success of Aldi, which operates with a limited assortment, and Amazon, which gives consumers access to endless selection. Will mainstream grocers in the middle find themselves abandoned by shoppers? Read more at Supermarket News…

 

Cook County beverage sales decline in wake of pop tax

The Illinois Food Retailers Association and Can the Tax Coalition say beverage sales are down since Cook County’s penny-per-ounce tax on sweetened beverages went into effect last month. Read more at Illinois Policy…

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