- Foodservice & Retail News covers breaking news articles on that pertain to the foodservice & retail industries worldwide. 

PME Millennial

A panel of millennial fishermen and seafood professionals offered tips and secrets of marketing their products to their generation during a forum at the 2016 Pacific Marine Expo in Seattle, Washington, on Saturday, 19 November.

Millennials require “a new direction” in marketing and sales efforts, according to Becky Martello, the executive director of the Bristol Bay Regional Seafood Development Association. Martello’s association recently launched a pilot project in Boulder, Colorado...

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Ockery cod fish cakes

Ockery – a new free-from brand from seafood company Scandia Foods – has debuted into U.K. retail with a range of frozen fishcakes and will soon follow with products targeted at the foodservice channel.

Its retail offering comprises fishcakes made from cod, salmon, smoked haddock and crab, made from sustainably-sourced fish coated in a gluten-free crumb. Available in 2 x 90g, 4 x 60g and 6 x 30g pack sizes with prices ranging from GBP 1.99 (USD 2.47, EUR 2.33) to GBP 3.79 (USD 4.70, EUR 4.43)...

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U.K. consumers are now spending more than GBP 6.3 billion (USD 7.9 billion, EUR 7.3 billion) annually on seafood, with more products coming from domestic production. Yet a new report compiled by the U.K. Seafish Authority confirms that consumption is only trending upward in one channel – foodservice.

According to Seafish’s figures, retail sales of seafood for in-home consumption totaled GBP 3.1 billion (USD 3.9 billion, EUR 3.6 billion) last year, which represented a drop of 0.6 percent. In...

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Both Wal-Mart Stores and Target reported lower-than-expected quarterly sales, primarily due to food deflation – including seafood prices.
"Food deflation continues to be challenging," Wal-Mart Chief Financial Officer Brett Biggs told Reuters. Food costs on products like eggs have declined dramatically in the most recent quarter, he explained.

Wal-Mart’s total revenue rose only slightly by 0.7 percent to USD 118.2 billion (EUR 111.3 billion), while United States comparable store sales rose 1.2...

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Charoen Pokphand Foods Public Company Limited, also known as CP Foods, of Thailand, is looking to acquire Bellisio Foods from Centre Partners Management for USD 1.075 billion (EUR 1 billion).

CP Foods entered into a definitive agreement with Centre Partners – which acquired Bellisio in 2011 from its founder – as of 17 November, with intent to finalize the deal in December 2016.

Bellisio, headquartered in Minneapolis, Minnesota, is one of the largest and fastest-growing frozen food companies...

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