Albertsons Will Launch a Digital Marketplace To Better Compete with Amazon

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Shoppers are oftentimes choosing to buy local or start-up brands as opposed to household or national names. Amazon, for example, was able to get ahead at identifying well-performing smaller brands through the Whole Foods acquisition. Some grocers are taking notice.

This is part of the reason why Albertsons decided to launch a digital marketplace for smaller brands.

“The effort comes as retailers more and more are looking to data to help guide their buying decisions,” as reported by “CNBC.”

By having a centralized point where products are easy to find, track and hard data can be collected to determine which brands are performing best it will not only benefit consumers but grocers and smaller brands alike.

“Armed with data from the marketplace, brands can make their case for shelf space in Albertsons' stores, according to “CNBC.” “On the flip side, the data Albertsons has access to through its efforts will help it better understand its customers.”

Vendors who can handle their own shipments will be the first ones able to participate in the marketplace. There’s a possibility that in the future Albertsons may jump in and aid vendors with shipment responsibilities.

This initiative comes after the grocer launched Albertsons Performance Media, “a digital media capability that provides brands the opportunity to use proprietary shopper data to drive sales across Albertsons Companies’ network of more than 2,300 stores in 35 states,” as described in a company press release.

Will Albertson be able to compete with Amazon through their efforts? Looks like they are on the right path to be a strong contender.

To learn more, read “CNBC.”

 

 

How The Restaurant Industry is Impacted by the Immigration Debate

How The Restaurant Industry is Impacted by the Immigration Debate

To say the immigration topic in the United States is complicated, is an understatement.

Most recently, the national conversation around the subject has been a heated one arising from President Donald Trump’s efforts to shut down the program known as Deferred Action for Childhood Arrivals, or DACA, which protects and provides benefits to Dreamers, people who were brought to the United States as undocumented children, under the premise that it was unconstitutional.

According to advocacy group New American Economy, out of this segment of the population, which amounts to 700,000 immigrants who are currently protected under the DACA program, almost 19 percent hold an occupation in the restaurant or food service sector, as reported by “CNBC.”

Based on census data from 2011 through 2015, New American Economy estimated that the top three occupations by DACA-eligible workers include cashiers (6.5 percent), waiters and waitresses (4.9 percent), and chefs and cooks (4.6 percent). The statistics from the report indicate that the hospitality industry would be the hardest hit if the program was to be no more.

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Michelin-Studded Chef Mark Ladner Says Less Value is Being Placed on Amenities, CNBC Reports

Michelin-Studded Chef Mark Ladner Says Less Value is Being Placed on Amenities, CNBC Reports

Ever wanted high-quality pasta that is customizable, affordable and served in a matter of minutes?

That’s exactly what Chef Mark Ladner set himself out to do.

"I always wanted to crack the code on making pasta that typically takes a long time to cook, and figure out a way to provide it to people more quickly without sacrificing the quality or the al dente bite,” Ladner told “CNBC.”

Now, the Del Posto alum— who guided the NYC Italian eatery toward its first Michelin Star— works the front line at his first fast casual pasta restaurant, which opened last November in Greenwich Village.

It’s called Pasta Flyer.

This concept features five pasta styles (Organic Fusilli, Fettuccine, Whole Grain Rigatoni, Spaghetti and Meatballs, Gluten-Free Penne) and four signature sauces (Basil Pesto, Creamy Alfredo, Nonna's Meat Ragu, and a Marinara Sauce) which can be mixed and matched with any of the choices available.

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Tyson Foods Has a Positive Outlook For the Future

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Tyson Foods’ CEO Tom Hayes sees a bright future for the company, especially after it exceeded expectations for 2017.

"We delivered well over our goals of at least four percent operating income growth, EPS growth in the high single digits and three percent volume growth in value-added products, and expect to meet or exceed these goals again in fiscal 2018," said Hayes.

In a recent CNBC interview, Hayes talked about how he believes big companies need to set the example for smaller companies when it comes to being part of the solution to “feed nine and a half billion people by 2050.”

Well, Tyson Foods is setting an example, alright!

The company has proved to be in tune with consumer trends. For example, Tyson has seen record sales for their Open Prairie Natural brand of fresh meals as they see customer demand growing double digits for No Antibiotics Ever (NAE) and no-added hormones natural fresh meats.

“Gatekeepers within the customer are asking continuously to be NAE. We're fully NAE now, and we're actually buying meat on the outside that's NAE. The cost [is] a little bit more on the upfront and we've been able to swallow that cost and then remove that cost," Hayes told analyst Farha Aslam at Stephens who asked about the reason behind the launch of NAE products.

Another trend that Tyson has invested in is alternative protein. The company bought into Beyond Meat with a five percent stake in the vegan business, surprising many as the big food company tests the waters of this fast-growing segment of the protein market.

Speaking of meat, even though Tyson’s 39 percent sales come from beef as the leading protein, the majority of the company’s sales come from leaner meat with chicken accounting for 30 percent of sales and pork accounting for 14 percent. This is a good sign for the company since there is a trend of consumers moving away from red meat.

A fourth area that is expected to grow in volumes is the prepared foods market. In the financial year 2018 the segment is expected to grow around 10 percent, boosted by the AdvancedPierre Foods deal, struck earlier this year by over four billion dollars.

Analysts covering Tyson at Morgan Stanley believe the company looks well set for a solid 12 months, writing in a note to clients on Monday: "Tyson appears well positioned to achieve another record year."

Danny Meyer Is Looking To Invest $220 Million In Culture-Rich, Innovative Companies

Danny Meyer Is Looking To Invest $220 Million In Culture-Rich, Innovative Companies

Is your business built upon a genius idea? Does your brand have a great culture and consumer following with a proven record that can sustain expansion? Are you open to receive a monetary investment and advice from a top restaurateur to grow your business?

Those are the parameters Shake Shack founder Danny Meyer and his team will be evaluating in his next venture.

Union Square Hospitality Group (USHG) has raised $220 million for a private equity fund that will invest in 10 to 15 fast casual restaurant concepts, hospitality-facing technology companies and other businesses that share the hospitality group CEO’s employee-centric values.

“Employees first, customers second, community third, suppliers fourth, then investors fifth,” said Meyer today in a “CNBC” Squawk Box interview, as he defined the concept of— enlightened hospitality.

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