Washington, D.C., Chicago and Newark, N.J., are among the cities that have submitted pitches to host Amazon's second North American headquarters and reap the 50,000 jobs it will bring. Amazon, which will accept pitches for four days this week, expects to invest about $5 billion in the city it chooses.
Health foods retailer Natural Grocers has seen significant growth and strong customer loyalty bolstered by its commitment to maintaining high standards for the food it sells, including free-range eggs, pastured organic milk and 100% organic produce, according to Alan Lewis, the retailer's director of special projects. "We've built a strong, loyal customer base that appreciates knowing all of our produce is certified organic," he said.
NRD Capital Management will pay about $146 million to acquire casual restaurant chain Ruby Tuesday and take it private, the companies said. Ruby Tuesday, which has struggled with declining sales in recent years, has 599 locations today, down from 736 two years ago.
On National Childhood Nutrition Day, recognized Monday, a North Carolina community served a breakfast to highlight food insecurity in the area. In Forsyth County, officials estimate that about 23% of children face food insecurity.
Kellogg is launching Chocolate Frosted Flakes next month after collaborating with consumers to formulate the recipe. "Kellogg's developed this cereal by working with fans to create the perfect chocolatey frosting from scratch by testing how different cocoas interact with the cereal flake and the milk left at the bottom of the bowl," said a Kellogg representative.
Celebrity food entrepreneur Sandra Lee advises startups to embrace fearlessness and creativity, and to not dwell on the failures that will inevitably happen along the way to success. "Suck it up, put your pants on and march it forward," she said.
Each year, thousands of new products hit the grocery store shelves. And thousands fail. Learn how to make your next food idea a success. Join Chief Innovation Officer of BEFORE Brands, Chris Cornyn, and guest speakers from core food disciplines throughout the industry on Oct. 27-28 at the CIA at Copia in Napa, Calif., for From Concept to Shelf: Rapid Innovation for Consumer Packaged Goods. Apply today! Space is limited and partial scholarships are available. Click here to listen in to Chris discuss what will be covered in the two-day intensive.
Trader Joe's has finished opening its 14 new stores planned for 2017, bringing the retailer's new store count to one more than last year. However, Trader Joe's store openings this year came in below its average of 23 new stores per year over the past decade.
Dollar stores stand to remain immune to disruption by Amazon for some time to come, according to a Morgan Stanley survey. The brick-and-mortar retailers cater to extremely price-sensitive consumers who spend an average of less than $10 per visit, while getting the best prices on Amazon requires an annual or monthly membership fee.
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