Hershey Reveals Second Quarter 2016 Financial Results

The Hershey Co. recorded growth during the second quarter of 2016, and the company expects its growth to continue for the remainder of the year. The Hershey Co. has released the company’s sales and earnings for the second quarter ending July 3, 2016. Data released by the company indicates that the company experienced growth that

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Intelligent Food Packaging

Innovative packaging solutions will help consumers to assess food quality before they buy. The IFT16: Where Science Feeds Innovation symposium, which took place on July 18 and was hosted by the Institute of Food Technologies (IFT), has revealed a hot new trend that is emerging in the food packaging industry. One presentation at the symposium

Alimentation Couche-Tard Announces 2016 Financial Results

Alimentation Couche-Tard recorded significant growth in Fiscal 2016, and company officials have high hopes for the coming year. For the fourth quarter ended April 24, 2016, Alimentation Couche‑Tard Inc. has recorded significant financial growth. The company reported net earnings of $206.2 million, representing 36 cents per share on a diluted basis. The results for the

Hostess Becomes a Publicly Listed Company

A new agreement has turned Hostess into a publicly listed company, as a part of a long-term growth plan. A definitive agreement between Hostess Brands LLC and Gores Holdings Inc., a special purpose acquisition company sponsored by an affiliate of The Gores Group LLC, is introducing Hostess as a publicly listed company. Hostess has an

UPS to Install Drop-Off Lockers Outside 7-Eleven Stores

Consumers who order online can now pick up their items at drop-off lockers outside 7-Eleven stores. Following a successful test run in Chicago, UPS has announced that it will be installing 300 locker pickup locations across the U.S. UPS uses these locker locations as drop-off points for packages ordered online, and customers then have 24/7

2016 Nielsen Breakthrough Innovation Winners Announced

Nielsen is recognizing the impact of everyday household staples on consumers’ daily lives. In recognition of America’s unsung household heroes, Nielsen has now announced the winners of the 2016 U.S. Nielsen Breakthrough Innovation Award. Additionally, Nielsen has issued the fifth edition of the U.S. Breakthrough Innovation Report at Nielsen’s U.S. Consumer 360 event in Las Vegas.

Online Nutrition Facts Label Launched by FDA

A new online tool makes it easier for consumers to explore and interpret the Nutrition Facts Label. In an effort to make it even easier for consumers to explore and interpret the information on the Nutrition Facts label, the U.S. Food and Drug Administration (FDA) has launched the new Nutrition Facts Label Online tool. The

AdvancePierre Announces Initial Public Offering

AdvancePierre has proposed the sale of millions of shares of the company’s common stock in order to repay a portion of its first lien term loan. AdvancePierre Foods Holdings Inc. has announced the launch of its initial public offering of shares of the company’s common stock. In the offering, AdvancePierre is selling 11,090,000 shares of

SPIN Wins the First-Ever “Hero Award” from The Wawa Foundation

The Wawa Foundation has awarded its first-ever “Hero Award” to SPIN Special People in Northeast. More than 11,500 votes were cast by people around the region, and The Wawa Foundation, Wawa’s non-profit through which its charitable giving is channeled, has now announced that SPIN Special People in Northeast is the winner of the Foundation’s first-ever

Would Cleveland Setting a Citywide Minimum Wage be Unconstitutional?

Ohio may sue the city of Cleveland if it chooses to set a citywide minimum wage. Mike DeWine, Ohio Attorney General, has released an opinion in relation to the recent attempts by Cleveland voters to raise the city’s minimum wage. In the opinion that was issued, DeWine stated that municipalities cannot legally set their own

Hershey Rejects Indication of Interest from Mondelēz International

Mondelēz International recently indicated interest in purchasing The Hershey Co., but Hershey has rejected its proposal. The Hershey Co. has confirmed that Mondelēz International presented Hershey with a preliminary, non-binding indication of interest to acquire the company. Within the indication of interest, Mondelēz International proposed the acquisition of the company for a mix of cash

NACS Celebrates Circuit Court’s Rejection of Visa/MasterCard Settlement

Retailers rejoice as the Second Circuit Court off Appeals court has ruled the settlement from Visa and MasterCard to be “unreasonable and inadequate.” NACS is celebrating the recent decision made by the Second Circuit Court of Appeals to overturn the class-action settlement in the case In Re Payment Card Interchange Fee and Merchant Discount Antitrust

NRF Applauds Circuit Court’s Dismissal of Visa/MasterCard Settlement

After the rejection of the Visa/Mastercard settlement, the NRF hopes that real reform for swipe fees be reached. The National Retail Federation (NRF) has stated it approval of the ruling made by the U.S. Court of Appeals for the Second Circuit in New York, which struck down the 2012 settlement of a class action lawsuit

RILA Responds to Circuit Court’s Rejection of Visa/MasterCard Settlement

U.S. Circuit Court rejects harmful settlement. The U.S. Second Circuit Court of Appeals has ruled to deny the settlement of the antitrust litigation that was filed to reveal the anti-competitive practices that Visa, MasterCard and the major banks use to set the fees that merchants pay on credit and debit card transactions. The Retail Industry

The Mondelēz International Foundation Pledges $2 Million to Humanitarian Aid

Mondelēz International is deepening its commitment to global well-being with the renewal of a two-year pledge. In partnership with the International Federation of Red Cross and Red Crescent Societies (IFRC) and the American Red Cross, the Mondelēz International Foundation is working to provide faster relief for international and domestic natural disasters. Mondelēz International Foundation has

The Wilbur Curtis Co. Mourns Loss of Chairman Robert Curtis

Dedicated coffee industry legend passes away. The Wilber Curtis Co. has announced that, on Friday, June 24, 2016, company chairman Robert “Bob” Curtis passed away. Curtis, who was CEO emeritus, devoted father, husband, grandfather, great grandfather and a true legend in the foodservice and coffee industries passed away peacefully surrounded by family at the Los

Maine May Stop Accepting SNAP Benefits

Maine governor has stated that if he cannot ban soda and sweets sales to SNAP recipients, he will eliminate SNAP benefits all together in the state. Governor Paul LePage of Maine has threatened to end SNAP benefits in the state. According to a report from The Huffington Post, Lepage has informed the Obama administration that,

West Virginia OMEGA Raises Money to Support Local Children and Families

OMEGA-member stores sold paper flowers to raise money to support the Children’s Home Society of West Virginia. The West Virginia Oil Marketers & Grocers Association (OMEGA) made an announcement in Charleston, W. Va. that the organization has raised funds to help the children and families of the Children’s Home Society of West Virginia. According to

RILA Implores Congress to Reject the Bill that will Repeal the Durbin Amendment

Retailers urge Congress to reject the new bill that will lead to greatly increased debit card swipe fees. Congressman Randy Neugebauer (R-Texas) recently composed and introduced a bill that would repeal the Durbin Amendment, which was passed in 2010 to reform the fees that merchants pay to accept debit card payments, and a number of

NACS Opposes Neugabauer’s Attempt to Repeal Durbin Amendment

NACS opposes the recently introduced proposal from Representative Neugabauer to repeal the Durbin Amendment. NACS senior vice president for government relations, Lyle Beckwith, has released a statement regarding the bill that has been introduced by Representative Randy Neugebauer, chairman of the Financial Institutions and Consumer Credit Subcommittee of House Financial Services Committee. The recently introduced

CST Brands Announces Common Stock Cash Dividend

CST Brands will pay a cash dividend to holders of its common stock next month. The Board of Directors for CST Brands Inc. recently announced a quarterly cash dividend on the company’s common stock. The cash dividend is in the amount of $0.0625 per share, and will be payable on July 15, 2016 to holders

NRF Reveals the Likely Adverse Effects of New Overtime Rule

Research from the NRF has revealed that the new overtime rule will not lead to more take-home pay for workers, despite its intention. The Labor Department recently introduced a new overtime rule, and although this rule theoretically should benefit both businesses and their employees, the true effects that this new rule will likely have on

NACS Opposes the Repeal of the Swipe Fee Reform

NACS is encouraging members of the convenience store industry to take action against the recently announced legislation that would repeal debit swipe reforms. Following the announcement from House Financial Services Committee Chairman Jeb Hensarling (R-TX) that he will soon introduce legislation to repeal the debit swipe reforms in the Durbin Amendment, the National Association of

Cleveland Minimum Wage Proposal May Not Make November Ballot

The proposal to increase Cleveland’s minimum wage to $15 an hour may have been turned in too late to be included on the November ballot. A petition to increase Cleveland’s minimum wage to $15 an hour has been submitted to the city council for review, but it is likely that the petition was submitted too

RILA Fears Consequences of the Potential Repeal of the Durbin Amendment

RILA fears that banks will begin imposing excessive fees on merchants if House Republicans are successful in repealing the Durbin Amendment. Recent comments from Jeb Hensarling, House Financial Services chairman, regarding the Durbin Amendment, have evoked a strong reaction from the Retail Industry Leaders Association (RILA).  The comments from Hensarling revealed that House Republicans have

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