The two biggest retailers in the world, Walmart and Amazon, are speculated to be in advance talks with Flipkart around a possible acquisition of a majority stake in India’s leading online retailer. While such rumors have floated repeatedly in the last couple of years, Mint reports that Walmart has already completed due diligence procedures and is hoping to acquire…
Health, wellness, and specialty products are driving a disproportionate number of sales in the nearly $90 billion snack industry, with such items accounting for 20 percent of products and 70 percent of dollar sales growth, said Molly Hjelm, vice president of marketing for SPINS at the Sweets & Snacks Expo, Tuesday. “Consumers are really looking…
Organic sales in the U.S. totaled a new record of $49.4 billion in 2017, up 6.4 percent from the previous year, according to the Organic Trade Association. The organic food market hit $45.2 billion in sales, also breaking through to a new record for an increase of 6.4 percent, while sales of organic non-food products…
