March 24 at 11:59 a.m.
Filed under:
Food,
Retail
By Reuters
Safeway Select cookies at a Dominick's. (Terry Harris/Tribune)
Grocery retailers’ store-brand products are expected to double their share of the global packaged food market over the next 15 years to make up half the market, according to a report issued on Thursday.
The report by Sebastiaan Schreijen, associate director of processed food and retail at Rabobank, said growth of private-label brands will be fueled by retail consolidation in developed markets, adoption of modern retail in developing markets, and increased consumer acceptance of private-label brands following the recession, among other factors.
March 23 at 1:49 p.m.
Filed under:
Beverages,
Food,
Packaged foods,
Restaurants
By Reuters
Starbucks Corp. coffee on a shelf at a grocery store in New York. (Michael Nagle/Bloomberg)
Starbucks Corp. wants to make sales of its coffee and other products in the grocery aisle rival its traditional cafe business, according to Chief Executive Howard Schultz.
The world’s biggest coffee chain is betting it can use the power of its brand to sell a portfolio of goods — such as Via instant coffee and bottled Frappuccino — everywhere food and beverages are sold, whether in a supermarket in the United States or a vending machine in Asia. Get the full story »
