Instore - November 2018 - 8
news
NEED TO KNOW
Donuts
still reign
When it comes
to breakfast
bakery sales, the
donut is still king.
Percentage of sales:
Donuts
35.6%
(up 0.9%)
Sweet
goods
30.6%
(down 0.7%)
Muffins
24%
(up 7.7%)
Bagels
9.8%
(up 0.5%)
SOURCE: NIELSEN FRESH
Report:
Grocery margins
to get thinner
Puratos opens
new headquarters,
innovation center
Already-thin grocery retail margins will get even
thinner in the coming years, according to a new
analysis. Industry earnings before interest and taxes
(EBIT) - currently at about 3 percent of net revenues
- could shrink another .9 by 2023, Morgan Stanley
analyst Simeon Gutman says in a recent article.
The Puratos Group, which offers a wide range of
bakery, patisserie and chocolate products worldwide,
opened its new headquarters and innovation center
in Pennsauken, New Jersey.
Competition from big box stores and online startups
and the investment needed to fulfill e-commerce
orders are among the reasons for the expected
changes, according to the story. Based on retailers'
response to the rise of Walmart in the 2000s in the
U.S. and the growth of hard discounters, Gutman says
the cost of investments to remain competitive on
prices will cut into gross margins by a cumulative .5
percentage point over the next five years.
The centerpiece of the expansion is the innovation
center, which provides the company's customers
with access to the latest industry equipment, expertise and training, as well as in-depth research into
international trends.
Other officers announced for the next year are:
Executive vice chairman - Gaetano Auricchio,
BelGioioso Cheese; Vice chairman - Dotty
VanderMolen, Advantage Fresh; Treasurer -
Dominique Delugeau, Saputo Specialty Cheese;.
Puratos Corporation has
invested $10 million to
create the 23,700-squarefoot facility, which the
company says is designed
to bring management,
sales, marketing and
technical teams closer
together in a collaborative
environment for its
customers and consumers.
Industry leaders elected to serve three-year terms
on the board include: Darry Bacon, Casey's General
Stores; Jody Barrick, SuperValu; Josh Bickford,
Clyde's Donuts; Eric Le Blanc, Tyson Foods; Christian
Lewis, Hubert Company; Michelle Lieszkovsky,
Butterball; Tammy Kampsula, Giant Eagle; and Dotty
VanderMolen, Advantage Fresh.
Puratos innovation centers support a global team
of more than 504 technical advisors who work with
customers large and small, in the bakery, patisserie
and chocolate-making sectors. This includes artisans
and industrial manufacturers, quick service restaurants and large supermarkets, among others.
IDDBA names
new officers
Rick Findlay, the vice president of fresh for Fresh
Thyme Farmers Market, will take over as the IDDBA
chairman of the board for the 2018-19 session, the
association announced. Findlay will take over for
Erik Waterkotte, the senior director of sales for
Columbus Craft Meats, who will continue to serve on
the board of directors as past chairman.
8 * NOVEMBER 2018 * instore
Table of Contents for the Digital Edition of Instore - November 2018
https://www.nxtbook.com/sosland/isb/2018_12_01
http://digital.instoremag.net/sosland/isb/2018_11_01
http://digital.instoremag.net/sosland/isb/2018_10_01
http://digital.instoremag.net/sosland/isb/2018_09_01
http://digital.instoremag.net/sosland/isb/2018_08_01
http://digital.instoremag.net/sosland/isb/2018_07_01
http://digital.instoremag.net/sosland/isb/2018_06_01
http://digital.instoremag.net/sosland/isb/2018_05_01
http://digital.instoremag.net/sosland/isb/2018_04_01
http://digital.instoremag.net/sosland/isb/2018_03_01
https://www.nxtbook.com/sosland/isb/2018_02_01
https://www.nxtbook.com/sosland/isb/2018_01_01
https://www.nxtbook.com/sosland/isb/2017_12_01
https://www.nxtbook.com/sosland/isb/2017_11_01
https://www.nxtbook.com/sosland/isb/2017_10_01
https://www.nxtbook.com/sosland/isb/2017_09_01
https://www.nxtbook.com/sosland/isb/2017_08_01
https://www.nxtbook.com/sosland/isb/2017_07_01
https://www.nxtbook.com/sosland/isb/2017_06_01
https://www.nxtbook.com/sosland/isb/2017_05_01
https://www.nxtbook.com/sosland/isb/2017_04_01
https://www.nxtbook.com/sosland/isb/2017_03_01
https://www.nxtbook.com/sosland/isb/2017_02_01
https://www.nxtbook.com/sosland/isb/2017_01_01
https://www.nxtbook.com/sosland/isb/2016_12_01
https://www.nxtbook.com/sosland/isb/2016_11_01
https://www.nxtbook.com/sosland/isb/2016_10_01
https://www.nxtbook.com/sosland/isb/2016_09_01
https://www.nxtbook.com/sosland/isb/2016_08_01
https://www.nxtbook.com/sosland/isb/2016_07_01
https://www.nxtbook.com/sosland/isb/2016_06_01
https://www.nxtbook.com/sosland/isb/2016_05_01
https://www.nxtbook.com/sosland/isb/2016_04_01
https://www.nxtbook.com/sosland/isb/2016_03_01
https://www.nxtbook.com/sosland/isb/2016_02_01
https://www.nxtbook.com/sosland/isb/2016_01_01
https://www.nxtbook.com/sosland/isb/2015_12_01
https://www.nxtbook.com/sosland/isb/2015_10_01
https://www.nxtbook.com/sosland/isb/2015_07_01
https://www.nxtbook.com/sosland/isb/2015_06_02
https://www.nxtbook.com/sosland/isb/2015_06_01
https://www.nxtbook.com/sosland/isb/2015_05_01
https://www.nxtbook.com/sosland/isb/2015_03_01
https://www.nxtbook.com/sosland/isb/2015_01_01
https://www.nxtbook.com/sosland/isb/2014_11_01
https://www.nxtbook.com/sosland/isb/2014_09_01
https://www.nxtbook.com/sosland/isb/2014_08_01
https://www.nxtbook.com/sosland/isb/2014_06_01
https://www.nxtbook.com/sosland/isb/2014_07_01
https://www.nxtbook.com/sosland/isb/2014_05_01
https://www.nxtbook.com/sosland/isb/2014_03_01
https://www.nxtbook.com/sosland/isb/2014_01_01
https://www.nxtbook.com/sosland/isb/2013_11_01
https://www.nxtbook.com/sosland/isb/2013_09_01
https://www.nxtbook.com/sosland/isb/2013_08_01
https://www.nxtbook.com/sosland/isb/2013_07_01
https://www.nxtbook.com/sosland/isb/2013_06_01
https://www.nxtbook.com/sosland/isb/2013_05_01
https://www.nxtbook.com/sosland/isb/2013_03_01
https://www.nxtbook.com/sosland/isb/2013_01_01
https://www.nxtbook.com/sosland/isb/2012_11_01
https://www.nxtbook.com/sosland/isb/2012_10_01
https://www.nxtbook.com/sosland/isb/2012_09_01
https://www.nxtbook.com/sosland/isb/2012_08_01
https://www.nxtbook.com/sosland/isb/2012_07_01
https://www.nxtbook.com/sosland/isb/2012_06_01
https://www.nxtbook.com/sosland/isb/2012_05_01
https://www.nxtbook.com/sosland/isb/2012_04_01
https://www.nxtbook.com/sosland/isb/2012_03_01
https://www.nxtbook.com/sosland/isb/2012_02_01
https://www.nxtbook.com/sosland/isb/2011_12_01
https://www.nxtbook.com/sosland/isb/2011_10_01
https://www.nxtbook.com/sosland/isb/2011_09_01
https://www.nxtbook.com/sosland/isb/2011_08_02
https://www.nxtbook.com/sosland/isb/2011_07_01
https://www.nxtbook.com/sosland/isb/2011_06_01
https://www.nxtbook.com/sosland/isb/2011_05_01
https://www.nxtbook.com/sosland/isb/2011_04_01
https://www.nxtbook.com/sosland/isb/2011_03_01
https://www.nxtbook.com/sosland/isb/2011_02_01
https://www.nxtbook.com/sosland/isb/2009_02_01
https://www.nxtbook.com/sosland/isb/2008_12_01
https://www.nxtbook.com/sosland/isb/2008_09_01
https://www.nxtbook.com/sosland/isb/2008_08_01
https://www.nxtbook.com/sosland/isb/2008_07_01
https://www.nxtbook.com/sosland/isb/2008_05_01
https://www.nxtbook.com/sosland/isb/2008_04_01
https://www.nxtbook.com/sosland/isb/2008_02_01
https://www.nxtbook.com/sosland/isb/2007_12_01
https://www.nxtbook.com/sosland/isb/2007_08_01
https://www.nxtbook.com/sosland/isb/2007_07_01
https://www.nxtbook.com/sosland/isb/2007_05_02
https://www.nxtbook.com/sosland/isb/2007_05_02
https://www.nxtbook.com/sosland/isb/2006_06_01
https://www.nxtbook.com/sosland/isb/2006_04_01
https://www.nxtbook.com/sosland/isb/2006_03_01
https://www.nxtbook.com/sosland/isb/2005_12_01
https://www.nxtbook.com/sosland/isb/2005_10_01
https://www.nxtbook.com/sosland/isb/2005_08_01
https://www.nxtbook.com/sosland/isb/2005_05_01
https://www.nxtbook.com/sosland/isb/2005_04_01
https://www.nxtbook.com/sosland/isb/2005_02_01
https://www.nxtbook.com/sosland/isb/2004_12_01
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