Food & Drink

During Sweetgreen’s most recent earnings call in May, executives touted the success of its subscription program, Sweetpass, launched in January. According to chief digital officer Daniel Shlossman, Sweetpass generated retention and frequency and created a more personalized experience for customers. It also represented an evolution of the chain’s initial loyalty program launched over five years
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Share to Facebook Share to Twitter Share to Linkedin Did you catch my feature published last Saturday on the lifeless market for meatless meat? It’s gotten a lot of buzz. One food investor tweeted it out with a particularly strong reaction, saying the article “breaks through with real data and exposes the lies being spread
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Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may have peaked, while some experts expressed optimism about the health of the economy. Key Facts Stocks snapped a three-week losing streak on Friday: The Dow Jones
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My heartiest and heartfelt congratulations to Clif Bar & Company and its employees on their landmark agreement to sell to Mondelēz International! The natural energy, nutrition and snack bar maker – 20% owned by its employees – sold itself for $2.9 billion, with additional earnout possibilities. Clif Bar and Gary Erickson and Kit Crawford, its
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If health concerns over traditional meat consumption, such as heart disease and harmful cholesterol, are priming the consumer switch to the plant-based counterparts, environmental issues, notably overfishing, are what’s driving the latest craze of seafood alternatives — a whopping $175 million was invested into the sector globally in 2021, Good Food Institute showed, increasing by
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Topline Federal Reserve Chairman Jerome Powell pledged in testimony before Congress on Wednesday that the central bank is “moving expeditiously” to raise interest rates and remains “strongly committed” to doing so until there is “compelling evidence” that inflation is normalizing. Key Facts In his semiannual testimony on monetary policy to Congress, Powell faced questions from
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Chick-fil-A seems to be taking a page from Chipotle’s playbook. The chicken chain announced it is testing a dedicated drive-thru lane for customers who order ahead via its mobile app. According to a company blog, the “Drive-Thru Express” model is currently available at approximately 60 participating restaurants with the potential to roll out to more
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