Costco Exec’s Pour Money into an Organic Fast Food Chain
BY: Hayley Peterson May 31, 2016
Photo: The Organic Coup
A little-known fast-food chain run by two former Costco executives is about to launch a rapid expansion, thanks to an investment from one of Costco’s founders.
The Organic Coup, which is the first USDA-certified organic fast-food chain in the US, just raised $7 million in an initial round of financing led by Costco founder and former CEO Jim Sinegal.
Costco’s chief financial officer, Richard Galanti, also participated in the round of funding.
The Organic Coup will use the investment to open at least two dozen more restaurants over the next year, the company’s cofounder Erica Welton told Business Insider.
The chain, which specializes in fried-chicken sandwiches and chocolate-drizzled caramel popcorn, has two restaurants — one in San Francisco and another in Pleasanton, California. READ MORE
The Retale Millennial Grocery Report
BY: Retale Perspectives May 23, 2016
With more than $200 billion in annual buying power(1), millennials are the retail industry’s most sought after audience. And as more millennials escape their parents’ homes, they have quickly become one of the most important grocery shopping demographics today.
To help get a better sense of this massive segment and how they buy, we here at Retale decided to launch our first annual “Retale Millennial Grocery Report” – a commissioned study examining grocery shopping preferences among millennial (18-34 years old) consumers. As part of that, we also analyzed key differences between younger millennials (18-25) and older millennials (26-34.). In total, 1,000 millennials across the U.S. were polled for the study between May 2-6, 2016.
Our findings are as follows.
ONLY 8% HAVE CUT THEIR GROCERY SPENDING
According to Nielsen, the Great Recession has “fundamentally changed” consumer shopping and saving habits overall, and many in the country continue to feel the recession’s effects long after the 2009 bailouts.2 With this in mind, Retale evaluated recessionary impact on grocery buying, specifically, among survey respondents. 57% of millennials polled agreed that they had been personally affected by the recession and 43% disagreed. When comparing older millennials to younger millennials, the older group felt more affected: 64% of those 26-34 answered…READ MORE
Omega-3 Lowers Childhood Aggression in Short Term, Research Shows
BY: University of Pennsylvania May 17, 2016
Photo Credit: Aaron Gilson
Incorporating omega-3, vitamins and mineral supplements into the diets of children with extreme aggression can reduce this problem behavior in the short term, especially its more impulsive, emotional form, according to University of Pennsylvania researchers who published their findings in the Journal of Child Psychology and Psychiatry.
Adrian Raine, the Richard Perry University Professor of Criminology, Psychology and Psychiatry, has spent his career looking at how the brain’s biological functioning affects antisocial behavior. He focuses specifically on understanding these actions and learning how to modify them, whether with something benign like a child acting out or with something extreme, in the case of a homicidal…READ MORE
Natural Shoppers put their Money where their Trust Is
BY: Lisa Marshall May 16, 2016
Do your customers trust you?
It’s a question every retailer in the natural products space should be asking themselves, as shoppers wade through an ever-expanding sea of options and try to decide where to place their loyalty. While success in other categories often hinges on price and convenience, new research shows that when it comes to dietary supplements and better-for-you food, consumers first and foremost put their money where their trust is.
“If you don’t have trust, nothing else matters,” says Jeff Hilton, co-founder of health and wellness branding and marketing firm Brand Hive. “It is more vital in this category than in most.”
Those shopping for dietary supplements say trust is the No. 1 driver in choosing…READ MORE
Can a Craigslist for Cucumbers tackle the UK’s food waste?
BY: Rich McEachran May 12, 2016
Photo by: Olio
Where most people see a bruised banana, Saasha Celestial-One and Tessa Cook see a chance to share. Their new app, Olio, allows greengrocers, cafes, restaurants and neighbors to photograph and post food that is surplus, unappealing or close to expiry; other app users then request it and are notified where to pick it up.
According to the UN’s Food and Agricultural Organisation, a third of all food is wasted, and more than half of that never reaches consumers.
“Food waste costs businesses in the [UK’s] food and drink supply chain £5bn per year. Federation of Small Businesses (FSB) survey data shows that 95% of small businesses would recycle more if they had access…READ MORE
Majority of Consumers Mislead by ‘Natural’ Label
Source: Specialty Food News May 11, 2016
Consumer Reports has released the findings of a survey that showed 73 percent of consumers seek out foods labeled as “natural” when making food-purchasing decisions, while 58 percent of consumers seek out the organic label.
The number of consumers seeking the natural label is notable, considering that Consumer Reports’ 2014 survey showed that just 59 percent of consumers looked for the natural label and 49 percent looked for organic. In addition, Consumer Reports in March released findings from a 2015 survey that showed that nearly two-thirds of shoppers believe the natural label means more than it does and nearly half incorrectly believe that natural claims on food labels can be independently verified. The majority of consumers in this survey, as well as those in a 2014 survey, expect processed foods labeled “natural” to contain no artificial ingredients or processing aids, no toxic pesticides, or no GMOs. Eighty-six percent of consumers believe genetically modified food should be labeled before being sold.
Big or Small, Food Companies Come Clean
BY: Peter Frost April 23, 2016
Photo by: Kendall Karmanian
Josh Katt is selling packages of four frozen grain-free waffles for $9.99.
Even though they cost twice as much as most competitors, the breakfast treats, made with cage-free eggs, almond flour, coconut flour, sea salt and cashews, have found a market at 33 Whole Foods stores in the Midwest. And Katt, founder and CEO of Chicago-based Kitchfix, thinks he can take the brand national.
Why are consumers willing to shell out $2.50 for a waffle? “It’s because there’s no crap in there,” Katt says. “It’s literally made with real ingredients that grow and have real nutritional value. This is what people are looking for now. Everyone checks the back of the label. If the list…READ MORE
Extra Virgin Olive Oil, Extra Heart Help
BY: Shara Rutberg February 18, 2016
When it comes to healthy benefits, extra virgin olive oil may offer near-immediate gratification, according to new research. A small study linked a Mediterranean meal with a few spoonfuls of EVOO to lower blood sugar and LDL cholesterol after meals.
“Lowering (post-meal) blood glucose and cholesterol may be useful to reduce the negative effects of glucose and cholesterol on the cardiovascular system,” lead study author Francesco Violi, a researcher at Sapienza University in Rome, told reuters.com.
Though the study was tiny, involving 25 people, it’s among the first to link a Mediterranean diet containing extra virgin olive oil to lower blood sugar and LDL cholesterol after meals.
For the study, on two separate occasions, researchers gave the healthy subjects a typical Mediterranean lunch. They added 10 grams of EVOO to the first meal. They added 10 grams of corn oil to the second meal. Blood tests conducted before and two hours after the meals found that…READ MORE