Tag Archives: Wholesale retail

Food Is Still Noble As The Pandemic Fades, Inflation Rises | Instant News


Packaged food companies have been the main beneficiaries of the pandemic as food at home soars. Now investors are worried about the sale will start to wobble when people get back to eating, even when margins hit increasing input costs. Both of these worries began to look excessive.

On Thursday,

Kraft Heinz

KHC 3.90%

reported organic sales growth – which eliminates the impact of acquisitions, divestments and currency movements – of 2.5% from a year earlier in the first quarter. That compared with analyst expectations for growth of around 1%, according to Visible Alpha. Keep in mind that sales compared to the start of the kitchen storage wave in the first quarter of last year when Kraft Heinz organic sales jumped 6.4%.

The company said it expects single-digit cost inflation for the rest of the year, in line with similar guidance from peers including

General Factory

and

Conagra brand,

as food inputs are increasingly expensive, along with shipping and logistics. Prices of soybeans, wheat and sugar futures have risen 82%, 40% and 73% respectively over the past 12 months, according to FactSet.

Investors don’t have to worry too much about this. Barclays analyst Andrew Lazar says history shows that food companies have generally been able to weather periods of inflation, even after the lull, through a combination of rising customer prices and cutting costs. When commodity costs fall, the increase in prices persists, leaving the company in a better position in the long run.

This pattern was evident during the last two waves of commodity price inflation around 2007 to 2008 and 2012 to 2014. Kraft Heinz doesn’t exist in its current form, but looking at colleagues like General Mills,

JM Smucker

and

Campbell soup,

they generally come out of both episodes with a higher operating margin after the initial drop. At General Mills, for example, profit margins before interest and taxes fell from 16.6% in the fiscal year ended May 2008 to 15.4% in fiscal 2009. Then they jumped to 18% in fiscal 2010, according to S&P Global Market Intelligence. .

Meanwhile, on the demand side, evidence is mounting that households continue to consume significantly more food at home than before the pandemic, even though it has reopened. It could happen at least in part because they have invested in kitchen equipment and improved their cooking skills over the past year.

This is true even for people who are fully vaccinated, according to research firm Numerator, based on a panel of 100,000 buyers. In the three weeks to April 10, purchases by vaccination buyers of “store-center” groceries – essentially packaged foods – were up 7.6% from the same period in 2019, said Numerator. That’s less than the 11.6% growth among all panelists, but it’s still impressive.

Not all pandemic recipients will look good during recovery. However, food stocks are likely to challenge skeptics.

Will the coronavirus pandemic cause long-term changes in how we shop for food? To better understand the challenges facing grocery stores, WSJ’s Alexander Hotz spoke with industry insiders, store owners, and Walmart executives.

Write to Aaron Back in [email protected]

Copyright © 2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Amazon launches a new food brand, Aplenty | Instant News


Amazon.com Inc.
AMZN,
+ 0.21%

Monday said it had launched a new privately labeled food brand, Aplenty, which would include snacks such as pita chips, crackers and mini cakes, as well as seasonings, frozen foods and kitchen staples.

Amazon’s newest label comes after a pandemic year in which consumers cook and snack more at home.

Overall, online grocery sales also jumped 52% in 2020, according to the JLL’s Grocery Tracker 2021 report. JLL provides market research, retail business insights, and retail property management services.

“It’s unlikely that people will abandon online shopping even when vaccines are widespread – with increased efficiency and costs, many customers are already doing it
added convenience to their weekly routine, ”said the report.

See: Smoothies and salads: Kroger says these 4 items account for 28% of his production sales

However, the report said that the widespread COVID-19 vaccination would drive increased eating in restaurants and could impact the grocery business.

But home food will always lead to sales, and grocery retailers are working to continue to drive demand, with private labeling a key part of that strategy.

Kroger Co.
KR,
+ 0.50%

says his private label is a $ 26 billion business by 2020. The pilot for Home Chef’s fast food is coming soon.

Target Corp.
TGT,
-0.13%

also launched another food brand in April, Favorite Day, which focuses on snacking.

In its latest revenue, Target said it has 10 proprietary brands with $ 1 billion in sales.

Too: Aim to launch another food and beverage brand in April, Favorite Day

Read: ‘Plexiglass will be awake for a while’: Shoppers remain anxious about COVID but head back to the store

And Albertsons Cos. Inc.
ACI,
+ 2.49%

announced in late March that it had partnered with Google for a series of technologies that would make online grocery shopping easier and more convenient.

Amazon shares are up 3.3% for the year while on the S&P 500 index
SPX,
-0.02%

has gained 9.8% for the period.

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Skinny Jeans and 9 Other Styles Your Dating | Instant News


LAST MONTH, I found that I was behind the times. I was heading for a socially distant lunch in New York when a glimpse of my reflection in a shop window cringed me: My leggings were paired with “ugly” sneakers that were no longer trendy. A puffer jacket, worn to keep me comfortable while dining in a curb shack, anchored me firmly in 2017, the year I bought chunky trousers at H&M.

After a year when serious matters took precedence, it never hurts to be happily stuck in a bygone era. But as we emerge from our Zoom cocoons, the time has come to reassess our fashion choices and upgrade our wardrobes for the post-pandemic era – with reasons, of course. “The seven-inch stilettos just don’t fit what we’re experiencing today,” says New York fashion brand consultant Dani Stahl. And don’t let beautiful celebrities be your only style guide – they can make almost anything look fabulous. “What looks old-fashioned in one person is cool to another,” he said. “If [model] Bella Hadid is wearing tight jeans, it’s hip, but anywhere else it can look weird. “That means they’ll be” inactive “on me, I think, and so on.

What makes clothes obsolete? Recognizable fashions – such as t-shirts with message prints or no-show socks from the early Aughts era – are clothing poison, and backs like chinos and shapeless cardigans are relics that should be underestimated. Pieces of clothing, too, could be read “old fashioned”. “You don’t want to look like you’re wearing a jacket from 30 years ago, so the latest suits come into play,” said creative director Paul Stuart Ralph Auriemma. She suggests workout clothes that are tailored for a sleek and modern look.

As we plan for the re-entry of clothing, comfort remains a factor, says Tracy Margolies, chief merchant of Saks Fifth Avenue, “but people want style.” That’s why rigid skinny jeans, for example, the bow to straight-leg option and the airy denim jogging pants. Below, 10 styles of men and women who will subtly date you – and advice on how to revive your wardrobe.

Correct Rustic Dresses

Why They Come Out: In my college days I called the dress of Laura Ashley’s old commercially British brand “Heidis,” named for the classic children’s book by Johanna Spyri about an orphan who grew up in the Swiss Alps. Today’s frilly, floral dress – described by many as a “cottagecore” – does not match Laura Ashley’s 1980s Liberty print skirt and conjures up frivolity that goes against our selves in 2021. “Cottagecore sounds like muumuu home… very old-fashioned , “Said Ms. Stahl, fashion brand consultant.

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10 countries vaccinated Americans are allowed to travel to – but it won’t be cheap | Instant News



Americans fully vaccinated against COVID-19 may soon turn their immunization documents into a golden ticket for international getaways. Domestic travel has started to rebound in recent weeks, but demand for international travel remains weak. Many countries continue to place restrictions on who can cross their borders amid the coronavirus pandemic, restricting entry to their own citizens or to people performing essential activities. In early April, internet searches for domestic flights were higher than they were at the same time in 2019, according to data from the Hopper travel app. But searches for international flights still lag behind pre-pandemic levels. Currently, only about a third of Hopper searches for flights this summer are for international destinations, with the remaining two-thirds being for travel to the United States. “It’s usually much closer to a 50/50 split in normal years,” said Adit Damodaran, an economist at Hopper. Don’t Miss: CDC Offers Travel Advice To Vaccinated Americans – But Stops Before Saying It’s Okay To Fly But some countries, in an effort to boost travel demand, have ushered in access easier for people who can show evidence. to be fully vaccinated against COVID-19. Iceland has taken this to the extreme – tourists are only allowed to visit the island country famous for its hot springs and volcanoes if they have been fully vaccinated against COVID-19 or can show documents stating that they previously had the disease and have since recovered. Iceland originally planned to put the new travel rules into effect on March 26, but the country’s government subsequently delayed the policy until April 6. Many other countries, such as Ecuador and Nepal, have taken a different approach to vaccinated travelers. Rather than requiring that they be vaccinated, vaccinated people can instead bypass requirements that they must be tested for COVID-19 before their travel. Thus, border patrols will instead ask for proof of vaccination rather than the results of a COVID-19 test upon entering the country. Which regions are ready to reopen their borders? So far, the list of countries that have relaxed the rules for vaccinated vacationers is short, but travel experts expect it to grow in the near future. “Evidence indicates more countries are relaxing entry requirements – eliminating quarantine / testing rules – for fully vaccinated travelers,” said Jordan Staab, president of SmarterTravel Media, owner of the flight booking website Airfarewatchdog.com. Several companies and organizations are developing “vaccine passports” that could make things easier for international travelers. The International Air Transport Association, an airline trade group, is launching a digital Travel Pass that allows users to upload proof of vaccination or COVID test results to a mobile app. So far, 23 airlines have agreed to test the IATA Travel Pass, including Virgin Atlantic and Singapore Airlines. Among the regions that seem most inclined to relax the rules for those vaccinated is the Caribbean, Staab said. “The Caribbean appears to be the region most open to tourists right now, and this is likely to continue, whether it’s opening up to all tourists or just fully vaccinated tourists,” he noted. Several cruise lines, including Royal Caribbean and Norwegian, have announced plans to resume cruises out of Caribbean ports with only fully vaccinated people allowed on board ships. In Europe, politicians from countries like Portugal and Greece, whose economies depend heavily on tourism, have suggested that they plan to allow people vaccinated to travel there. In these cases, however, Americans could still be barred from entry, depending on how the rules are set and whether specific vaccines are required for entry. The vaccine produced by Moderna MRNA, -1.54%, for example, has only received full or emergency authorization in 41 countries, while the vaccines from Pfizer PFE, -0.39% and AstraZeneca AZN, – 1.63% are approved to some extent by 100 countries. Unvaccinated travelers are not without options, however. Many countries have resumed allowing tourists to visit, even though visitors are not yet vaccinated. In these cases, travelers are usually required to take a negative COVID test before their trip, and are sometimes subject to additional testing and a period of self-isolation upon arrival. And some of those countries, like Mexico, may not be inclined to require proof of vaccination for tourists, as these policies could backfire and deter some travelers, especially from the United States. forcing them to have a vaccine to enter the country right now, ”said Bruce Rosenberg, COO of HotelPlanner, a group booking website. “On the contrary, they will say: ‘We are more welcoming and more open’.” United States Embassies, US News and World Report, The Points Guy Some areas of the world are more likely to remain closed to leisure travelers. Most of Western Europe, for example, has maintained very strict policies regarding who can enter their borders amid a wider lockdown context due to the pandemic. And many of the small island countries in the Pacific Ocean have kept borders fully closed amid the pandemic, given the relative lack of medical facilities and how prone they would be to nationwide outbreaks if any. sick people entered their country. Increase as more places resume operations Flight search models suggest that as countries add new policies that encourage vaccinated people to visit, they see a significant increase in interest. After Iceland reopened its borders to vaccinated visitors, there was a 93% increase in searches for flights, according to data from Hopper. And there has been a 77% increase in searches for flights to Portugal after authorities announced plans to welcome tourists returning from the UK. Airlines have significantly reduced the number of flights they operate amid the pandemic to cut costs, and they may be slow to fully resume operations in the event that another increase in COVID-19 cases around the world causes a repeated slowdown in travel. “Reduced capacity, increased demand and a need to recover costs will likely drive up airline ticket prices later this year into the next year,” Staab said. “Airlines will not immediately make 100% of their routes prepandemic, even if demand increases, which means that demand could outweigh supply, and airlines can increase their fares and continue to occupy seats. ” Airlines could even potentially increase prices “to compensate for the need to put in place an infrastructure to verify that passengers are vaccinated,” Staab added. In addition, the rising cost of jet fuel will increase spending by travelers. Airfarewatchdog is currently recommending people book their international travel by the end of May to get lower prices – as well as relaxed limited-time policies for free flight changes for economy fares. At the same time, however, prices could be reduced for other travel expenses, including hotels and activities. “Mexico and the Caribbean are still valuable because they are trying to attract customers to leave the United States,” Rosenberg said, adding that the same philosophy could apply in major European cities that are centers tourism. .



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Nearly 69% of women experience side effects from the Covid vaccine in Switzerland | Instant News


Swiss health authorities said nearly 70% of those reporting side effects from Covid-19 vaccination in the country were women.

The data was published on Thursday by Swissmedic showed that of the 597 reports of suspected adverse reactions to vaccines in Switzerland, the majority were women.

Health authorities say 343 reports involve a vaccine co-developed by Pfizer
PFE,
+ 0.52%

and BioNTech
BNTX,
-1.82%
,
while 251 is associated with Moderna
MRNA,
-4.09%

Covid vaccine 19. Vaccines were not prescribed in three cases.

Women accounted for 68.7% of reports of adverse reactions, while men were affected in 27.1% of cases. There are some cases (4.2%) where no gender was assigned.

The majority of reports – 70.4% – were not serious, while 29.6% were classified as serious, Swissmedic said.

The reactions most frequently reported in cases classified as serious were fever, shortness of breath, existing Covid-19 disease, headaches and migraines, and recurring shingles.

In 21 serious cases, the person concerned died at various intervals after receiving the vaccine, Swissmedic said. However, their mean age was 85 and the majority had pre-existing conditions such as infections, cardiovascular events or diseases of the lungs and airways that occurred independently of vaccination.

Read: WHO declared a pandemic one year ago today


“The reports of adverse reactions received and analyzed to date do not change the positive risk-benefit profile of the Covid-19 vaccine.”


– Swissmedic

“There is no real evidence to suggest that vaccination is the cause of death. “Drug regulatory authorities from other countries and WHO reached similar conclusions when they evaluated deaths with temporary links to the Covid-19 vaccine,” Swissmedic said on its website.

“The adverse reaction reports received and analyzed to date do not change the positive risk-benefit profile of the Covid-19 vaccine. The report now provides us with a clearer picture of the safety of vaccines in everyday use. This largely confirms their known side effect profile. “

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