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Smart & Final Prepares CO Expansion
Smart & Final, a California-based non-membership warehouse retailer, is preparing to open a new discount grocery chain in Colorado. According to the Denver Post, the chain will be called SmartCo Foods and feature more produce, meats and bulk food products in a larger retail space than the typical Smart & Final store.
Smart & Final has purchased five vacant stores in the Denver area once owned...
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Consumers Credit Chilled/Fresh Products with Reducing Sick Days
As bitter winter weather batters the country and H1N1 looms with the threat of recurring with little warning, consumers look to their refrigerators for the foods and beverages they believe possess the power to reduce sick days at work and school, according to a TNS Landis US Consumption Universe study published on Foodtrends.com.
Top Products in Produce Aisle and Chilled Case
Not...
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‘The Daily Wrap:’ Wal-Mart, RadioShack, Burger King
Wal-Mart Enters Digital Download Biz
Discount retailer Wal-Mart is set to acquire VUDU, Inc., a provider of digital technologies and services that enable the delivery of entertainment content directly to broadband high-definition TVs and Blu-ray players. The deal is expected to close within the next few weeks. Source: Wal-Mart Stores, Inc.
Burger King Rolls Out New Broiler
Fast food retailer...
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Private Label CPG Dollar, Unit Sales Both Grow - Update
Deviating from a pattern that existed for the last few months of 2009, dollar and unit sales of private label CPG goods both grew during the four-week period ending January 23, 2010, according to research firm The Nielsen Company. Previously, dollar sales had been slightly receding while unit sales grew.
During the most recently tracked four-week period, annual private label dollar sales of...
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Walgreens to Acquire Duane Reade for $1.1B
Following a 12-month span that included a number of small-scale acquisitions of stores from regional drugstore chains, Walgreens is making a major splash by purchasing New York drugstore retailer Duane Reade for $1.075 billion in cash.
Under terms of the purchase agreement, Walgreens will obtain all 257 Duane Reade stores in the New York City metropolitan area, as well as the corporate office...
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7-Eleven Enters Quad Cities - Update
Convenience store retailer 7-Eleven, Inc. is continuing an aggressive expansion strategy launched in 2009 by purchasing 16 Mother Hubbard’s convenience stores from parent company MHC Enterprises. The sale is expected to be completed the week of February 22, 2010, according to Convenience Store News.
The stores are located in the “Quad Cities” region comprising the cities of Bettendorf...
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‘The Daily Wrap:’ Abercrombie & Fitch, Wal-Mart, General Mills
Abercrombie & Fitch Plans 35 New Stores Despite Lower Sales
Specialty apparel retailer Abercrombie & Fitch reported declining net sales for both Q4 and fiscal year 2009. Abercrombie, which also reported quarterly and yearly declines in areas such as net and operating income, plans to open about 35 new stores this year, including 30 global mall-based locations of its Hollister banner. Source:...
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Consumers Seek Functionality
Consumers want products and services which are simple, small and/or cheap, with a dash of sustainability, according to consumer insights firm trendwatching.com.
trendwatching.com calls these products and services “functionall,” or providing function for all. Often designed for lower-income consumers in emerging markets, they also have broader crossover appeal for more affluent consumers in...
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Family Dollar Doesn’t Discount Private Label Potential
Dollar store retailer Family Dollar intends to increase private label sales and brand penetration, especially in the consumables category. According to Supermarket News, Family Dollar CFO Kenneth Smith outlined the retailer’s private label plans at a recent investor conference.
Family Dollar believes the opportunity exists to grow private label consumables sales from their current level of...
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Consumers Favor Cheaper Liquor
U.S. consumers consumed a slightly higher quantity of liquor in 2009 as compared to 2008, but traded down on quality, according to the Distilled Spirits Council.
Liquor sales by volume grew 1.4% between 2008 and 2009, but liquor revenues remained flat at $18.7 billion in 2009. Despite this leveling off, liquor revenues grew 66% between 2000, when they totaled $11.7 billion, and 2009. Average...
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