Tag: COVID

Frozen food sales up 21% as COVID alters shopping and eating behaviors

A new report from the American Frozen Food Institute and FMI—the Food Industry Association finds frozen foods were among the fastest-growing categories in the grocery store during COVID-19, with clear signs that the trend toward frozen will continue to grow beyond the pandemic.

The Power of Frozen 2021 identifies megatrends influencing the demand for frozen foods, including increased engagement in all categories, online shopping and health and well-being. 

“The frozen food aisle has been a growth driver for retailers since 2016 with acceleration ahead of most other departments,” said AFFI

Read More

‘Ridiculous double standard’: LA residents condemn maze of Covid restrictions | Los Angeles

Jeffrey Merrihue had just finished installing $80,000 worth of dining booths on the street outside his informal Italian eatery blocks away from the Pacific Ocean when word came down that Los Angeles county was instituting a three-week ban on outdoor dining.

Not only was he not amused – he thought the decision was misguided and desperately unfair.

“Are you kidding me?” Merrihue said, sitting in one of the booths that the city of Santa Monica encouraged him to build on a line of metered parking spots. “I have to close outdoor dining, while people are mobbing indoor malls? When

Read More

Ask the Expert: What will holiday shopping look like during COVID? | MSUToday

The global pandemic has caused retailers and consumers alike to struggle throughout the year, but both have looked forward to the holiday season to try and make up for a year full of challenges.  

 

With safety restrictions preventing thousands of shoppers to head to stores to get the best deals, Ayalla Ruvio, a professor of marketing in the Eli Broad College of Business at Michigan State University, answers questions about how COVID will reshape holiday shopping trends for 2020.

 

What kind of a shift are retailers making in their marketing efforts to online shoppers this year given so many more

Read More

Mall of America online Santa experience for COVID Christmas

Mall of America has launched an online-only Santa experience for COVID-19 Christmas 2020. Kids worldwide can help elves at the retro ’70s Candy Cane Institute with their market research, before discussing their Christmas list with the Big Guy.

Mall of America’s online Santa retailtainment experience is a response to the global coronavirus pandemic. Initially designed as a socially distanced, bookable tour with a video call to Santa, the mega mall had to pivot and move online after the state Governor scrapped indoor Santa on November 18th.

In a tongue-in-cheek, press release, Jill Renslow, Executive Vice President of Mall of

Read More

S&P 500 closes lower in volatile session after new Covid strain causes U.K. to lock down

The S&P 500 fell slightly in volatile trading on Monday to start the holiday week as enthusiasm over a coronavirus stimulus deal was overwhelmed by worries over a viral new Covid strain in the U.K.

The broad equity index dipped 0.4%, or 14.49 points, to 3,694.92 after falling nearly 2% at its session low. The Nasdaq Composite fell 0.1%, or 13.12 points, to 12,742.52. The Dow Jones Industrial Average erased a 400-point loss to eke out a small gain as strength in Nike and bank shares supported the blue-chip benchmark. The 30-stock Dow rose 0.1%, or 37.40 points, to 30,216.45.

Read More