Safeway Inc. reported its income from continuing operations fell to $121.7 million for the second quarter of 2012 from $146.0 million in the second quarter of the previous year. Sales and other revenue rose 1.9 percent to $10.4 billion from $10.2 billion, due to increased fuel sales and a 0.8 percent increase in same-store sales. Gross profit dropped 73 basis points to 26.27 percent of sales from 27.0 percent of sales in the previous year. The company said operating and administrative expense decreased to 23.89 percent of sales from 24.28 percent of sales in 2011.
"Safeway Inc. Announces Second Quarter 2012 Results", Safeway Inc., July 19, 2012
Blame two key trends for the near disappearance of complimentary baskets of bread in restaurants these days: rising costs and rising concerns about calories. Restaurants, especially smaller ones, can’t afford to provide a basket full of bread that could eventually be tossed in the trash. Bread is still available, of course, but often only by request, and for a price. The other problem has to do with calories, a reflection of increased consumer awareness of expanding waistlines. According to an NPD analyst, bread consumption has been on the decline for two decades because “the thing people are more interested in than anything else is, how many calories am I putting in my body?”
"In food trend, fewer restaurants offering free bread baskets", Tampa Bay Times, July 17, 2012
A London-based start-up patisserie claims that its Italian pastries – in the form of cake bars – contain a blend of natural ingredients that encourage the body to burn calories. The line of nine bars in a variety of flavors contain L-carnitine, guarana and green tea, all of which purportedly boost the body’s metabolic rate. Each bar also packs between 110 and 150 calories, but the bakery doesn’t say whether the calories burned equals the calories consumed. The founder of Klever Kalories says it hopes to expand its product line to cupcakes and savory snacks, such as crisps (AKA potato chips).
"The Klever cakes that claim to burn calories", The Grocer, July 17, 2012
Procter & Gamble achieved a 2 percent increase in products’ on-shelf availability by using store-level data from retailers, according to Michelle Tower, associate director for global store and shopper-based solutions at P&G’s Global Business Services unit. Speaking at a Web event hosted by Consumer Goods Technology, Tower also said that the approach also helps P&G determine the factors affecting a product’s sales performance. P&G is increasing its use of integrated data by integrating the technology with the company’s regular work processes and teams, as well as by getting top retailers involved.
"P&G Increases On-Shelf Availability Using Store-Level Data", CPG Matters, July 16, 2012
Despite recent pronouncements that the cupcake fad is all but dead, cupcake bakeries in Florida are flourishing, including one whose product line is off limits to minors. The Heavenly Treats Bakery believes it has perfected “adults only” cupcakes that contain rum, tequila, Bailey’s Irish Cream and other liquors. According to the owners, it took awhile to get the recipes just right, but taste tests have been very positive: “people are just going crazy about them,” says owner Marcia Potter. Food writer Maria Sonnenberg notes: “Booze cupcakes are proof the collective national interest in the confections continues red hot.”
"Cupcakes all grown up", Florida Today, June 27, 2012
Top trends in the restaurant industry for 2012 – according to a National Restaurant Association report – include a determination to take advantage of the growing interest among Americans in health and nutrition by offering nutritious alternatives to foods like bread and dairy products. A major trend is the industry’s awareness of the need for gluten-free alternatives on restaurant menus. And lastly, the industry is looking to meet growing consumer cravings for ethnic cuisines and flavors, especially Mediterranean and Southeast Asian flavors.
"Gluten-free products, food trucks top ’12 trends", Modern Baking , June 26, 2012
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The Jakarta Post, July 31, 2012
The Huffington Post , July 30, 2012
Retail Week, July 27, 2012
Yahoo! News, July 24, 2012
Business Standard, July 24, 2012
Wall Street Journal, July 19, 2012
Supermarket News, July 17, 2012
Supermarket News, July 16, 2012
The Express Tribune, July 13, 2012
Supermarket News, July 13, 2012
Supermarket News, July 13, 2012
Indystar.com, July 07, 2012
Wall Street Journal, June 29, 2012
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