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Search resuls for: "The Food Industry Association"


4 mentions found


☆ Private-label grocery brands boomed during inflation. Prices are down, but store-brand items keep going higher
  + stars: | 2024-09-16 | by ( Bob Woods | ) www.cnbc.com   time to read: +10 min
Private brands — also called store brands and private-label brands — of foods and beverages have shared shelf space with national brands for years. Customer shopping habits are changing for goodIn the past, the value proposition of private brands was driven primarily by lower prices. But consumer attitudes are evolving, according to a recent survey by the Food Industry Association, which represents both food retailers and producers. And 46% said they expect to buy private brands somewhat or much more, compared to 27% saying that for national brands. "In the U.S., the market for private brands as an industry to eclipse national brands is not something we'll see," Baker said.
Persons: Peggy Davies, they've, Kraft Heinz, —, Rick Gomez, Sally Lyons Wyatt, John David Rainey, Scott Morris, Kroger, King Scoopers, Albertsons, Smart, Lyons Wyatt, They've, Doug Baker, Baker, Gen Zers, Xers, Steve Zurek, there's, Zurek, Morris, Gen, Joe's Organizations: Retailers, Private Label Manufacturers Association, Procter & Gamble, Walmart, Kroger, Albertsons, Target, Wall Street, Walmart U.S, Brands, Metro Market, Food Industry Association, Aldi Locations: Kellogg's, U.S, California , Florida, Western Europe
☆ 54% of shoppers say they'll choose store-brand groceries over name brand from now on—it's not just about cost
  + stars: | 2023-10-11 | by ( Aditi Shrikant | ) www.cnbc.com   time to read: +1 min
In a new report by The Food Industry Association, a majority, 54%, of shoppers say they plan to buy "much more" or "somewhat more" private-label brands in the future. Only 26% of those surveyed said the same of national brand groceries, such as Charmin, Tide or Frito-Lay. Private-label groceries at big-box and warehouse retailers — such as Target's Good & Gather and Costco's Kirkland Signature — have been slowly gaining favor with consumers, according to data from Morningstar. Fifty-one percent of those who plan to buy more store-brand groceries said they would do so because of taste and 47% said because of quality. Brands like Costco's Kirkland Signature are considered "cool," says Michael Krupski, a clinical assistant professor of operations management and strategy at the University at Buffalo.
Persons: Costco's Kirkland, Michael Krupski Organizations: The Food Industry Association, Morningstar, University at Buffalo
☆ Gobble, gobble, gulp! Food prices put the bite on U.S. Thanksgiving feast
  + stars: | 2022-11-17 | by ( Howard Schneider | Thomson Reuters | Covers The U.S. Federal Reserve | ) www.reuters.com   time to read: +6 min
As food prices have risen, a U.S Census survey showed the share of households reporting food scarcity rising from 7.8% in August 2021 to 11.4% as of early October. As with other goods and services, there is a broad set of forces behind the Thanksgiving food spike. Thanksgiving-related travel this year may at least be cheaper than it was, with airline and fuel prices having declined recently. Discounted turkey prices often lure consumers to grocery stores and supermarkets, and bargains intensify as the holiday approaches. The Farm Bureau noted that frozen turkey prices had fallen to 95 cents a pound as of this week.
☆ Private sector to pledge $8 bln to combat U.S. hunger-White House
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +3 min
WASHINGTON, Sept 28 (Reuters) - The White House on Wednesday plans to unveil $8 billion in new private sector spending to combat hunger, including hundreds of millions of dollars for meals after lawmakers failed to further extend pandemic-era nutrition supports like universal school meals and increased aid to food banks. Biden aims to end U.S. hunger and reduce diet-related diseases in a majority of Americans by 2030, but is turning to the private sector to underwrite some of the spending, after Congress failed to further extend school lunch aid. Key contributions to be announced Wednesday include a pledge by nonprofit FoodCorps to invest $250 million for free, healthy school meals and to expand nutrition education in schools. The private sector commitments also come after recent revelations of hundreds of millions of stolen federal dollars that were supposed to be spent on food aid during the coronavirus pandemic. "We are exploring what our next steps look like in terms of accountability," the officials said, speaking to reporters on condition of anonomity.
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