Gourmet Business

News

New Brands Drive Growth of Las Vegas Market Temporary Exhibits
LAS VEGAS, N.V. – (May 25, 2023) – Las Vegas Market's Gift and Home Temporary Exhibits continue to experience major growth, with new brands accounting for some 20% of the nearly 400 exhibitors to be presented at the Expo at World Market Center Las Vegas, July 30 - August 2, 2023. In addition to overall cross-category growth, there is a surge of new gourmet and housewares exhibitors confirmed for the summer 2023 edition. "The Las Vegas Market temporary exhibits are the perfect discovery destination for attendees this summer, " said Dorothy Belshaw, IMC executive vice president and chief revenue officer. ...

Inflation is Moderating, but Consumers Still Feel the Pinch of High Food Prices and Manage Their Food and Overall Spending Accordingly
CHICAGO, May 19, 2023 /PRNewswire-PRWeb/ -- According to the April Consumer Price Index (CPI), inflation is moderating, rising 4.9% less than a year ago. However, food prices rose 7.7% between April 2022 and April 2023. Adding to the impact of food inflation are economic factors like increased consumer credit debt, depletion of savings built during the pandemic, and cutbacks on pandemic-related government credits and subsidies. To manage their food spending, U.S. consumers are finding ways to manage higher food costs by shopping at value retailers, spending less on non-food purchases, switching to store brands, and canceling committed expenses, like subscriptions, ...

KeHE Reimagines the In-Store Shopping Experience with Smart Shelf Tags
Naperville, IL – May 18, 2023 - KeHE, one of the largest distributors of natural and organic, specialty, and fresh products, has partnered with Cornerstone Consulting and its brand Cornerstone for Natural™ to enable a tech-forward experience for suppliers, retailers, and consumers with Smart Shelf Tags. Consumers want more information on the products and brands they use and consume daily, and Smart Shelf Tags offer instant digital content on in-store products via hyperdynamic QR codes. “We’re in a new era of consumer access, and we want to empower our suppliers and retailers to deliver what customers want – instant information ...