Asian specialty grocer iFresh, with 13 locations across the US, will begin accepting payment via Alipay, the quick checkout application from Alibaba.com, China's online retail giant. The move should make shopping easier for Chinese tourists visiting the US.
About 57% of Costco members are also Amazon Prime members, compared to 13% five years ago, according to a survey from MoffettNathanson. "Americans appear to be buying into the concept of owning two 'shopping' memberships as the value proposition is fundamentally different," the firm wrote in a research note.
Consumers are likely to accelerate their adoption of online grocery shopping in the wake of recent mergers and acquisitions, a Nielsen report projects. Up to 70% or 80% of shoppers will be venturing online for at least part of their groceries within five to seven years, according to Nielsen's Laurie Rains.
Actor Ryan Reynolds has become an investor and board member for Aviation American Gin, which also has named him as one of the creative directors for the brand. "About a year ago, I tried Aviation for the first time. Since that day, I've spent my time finding some way to infiltrate the company," Reynolds said.
Beating a dire cancer diagnosis emboldened Vice Cream founder Dan Shorr to embrace the entrepreneurial spirit while hiring smart people to manage while he tackles strategy and fundraising. "If I find that I am managing the team, I think I have the wrong team as a small company," he says.
Leaders need to be wary of talking too much, thinking they know it all and looking down on passion, says leadership coach Ralph Simone. When you're doing all the talking, "[y]ou're not necessarily connecting or you're not tapping into the ideas that your people have, that your customers have, that your clients have," he says.
Private labels are becoming more important to shoppers, with 53% saying they would pick a store for its private label items, according to a report from Daymon. Successful private labels also encourage innovation and price competition from national brands as consumers have come to trust store brands, the report states.
Tyson Foods has built a seven-person innovation team that is working to create a new product that will hit shelves in six months. One item in development is a high-protein snack derived from ingredients left behind during other food and beverage production processes.
Food could be imprinted with effective, edible circuitry that would allow individual items to be tracked, according to a study from Rice University. In the study, lasers were used to carve a thin layer of graphene on food that could function as a tracking chip.
Conagra Brands will sell its Del Monte processed fruit and vegetable division in Canada to the Bonduelle Group for about $34 million. Bonduelle also owns other fresh and canned produce brands including Graves and Arctic Gardens.
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