Through a special arrangement with e-zine, CPG matters, Retailwire prints an article investigating the results of a two-year study examining 250 million shopping baskets weekly by Catalina Marketing. The goal was to probe the gap between what shoppers say in surveys and what they actually buy, and it’s quite revealing.
M&M's candy maker Mars Inc. has teamed up with billionaire Warren Buffett, to buy Wm Wrigley Jr Co., the world's largest chewing gum maker, for $23 billion, creating the world's largest confectionary company, reports Reuters. The deal, which includes Wrigley brands such as Altoids, Extra and Eclipse and Mars’ M&M's,...
Last week, Rep. John D. Dingell (D., Mich.), chairman of the Energy and Commerce Committee, circulated a draft measure to overhaul the FDA as part of the response to a spate of recalls of food and tainted medicine.
An advance release of the Teen Topix study by OTX and the Intelligence Group finds that 81 percent of teens (13-17) say they are at least somewhat happy, and over a third are very happy, reports Mediapost.com. Teens report to be happiest with their relationships with friends, their talents, their abilities, and their school performance.
Searches for recipes using inexpensive ingredients increased 91 percent over the past three months at Allrecipes.com, which receives more than 35 million annual visits from users, according to its Monthly Measuring Cup report. Consumers seek more pocketbook-friendly recipes because of an unstable economic landscape.
With food prices increasing at the fastest pace in 17 years and gas prices soaring, a new study “How Do Economically Challenging Times Affect In-Home Meal Strategies” from Rosemont, Ill.-based The NPD Group, finds concerned consumers looking for value, making trade-offs and counting on leftovers when planning their meals.
Big brands, small brands, celebrity brands are scrambling to make news, reports CultureWaves, Tide Report. Established brands from fashion, entertainment, and electronics are expanding into other categories. In a downturning market, making celebrity affordable can pay off.
New products boasting environmentally friendly claims in 2007 was 328 — almost double the number of new items making similar claims the previous year, according to Mintel’s Global New Products Database. “More than ever, shoppers want to purchase goods that help protect and preserve the world around them,” says Chris...
With prices continuing to march higher for commodities ranging from corn to wheat, food companies are cutting costs, raising prices and otherwise adjusting to tighter margins for the long haul, reports WSJ.com. Sara Lee Corp. reformulated some of its regional bread brands with cheaper, lower-protein wheat. Meanwhile, General Mills Inc.