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Marketplace Morning Report

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Jun 19, 2019

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Packaged food giants turn to acquisitions, startups, and research to stay relevant

by Renata Sago Feb 8, 2019
As food giant Conagra reportedly plans layoffs at newly-acquired Pinnacle Foods, a look at what’s keeping the food business fresh.
Pre-packaged bananas are shown for sale at a Fresh & Easy grocery as Tesco PLC, the UK's biggest retailer, officially enters the U.S. market, opening its first six stores in southern California on November 8, 2007 in Los Angeles, California. Tesco is importing its own system of grocery store operations, making heavy use of pre-packaged produce, in contrast to U.S.-based grocery chains, to reduce overhead and refrigeration costs. The Fresh & Easy markets, which are significantly smaller than typical U.S. supermarkets,  will use its own truck fleet for single deliveries from a centralized distribution center. The chain will operate from a relatively small $10,000 per square foot, producing more than a projected $200,000 a week, twice that per square foot of typical U.S. food stores .
Photo by David McNew/Getty Images
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Age shapes views on healthy food

by Annie Baxter Jan 3, 2017
Millennials and baby boomers have different approaches when it comes to healthy food.
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