Food Business News - May 30, 2017 - 1
May 30, 2017 | foodbusinessnews.net SPECIAL REPORT: The non-G.M.O. challenge STORY ON PAGE 41 IN THIS ISSUE RETAIL 10 Campbell invests in Chef'd, sets sights on e-commerce Competition over proliferating, Kroger continues to evolve 12 Inventure Foods continues to explore strategic options 37 Looking to an old practice for bread innovation NEW YORK - With a plethora of competition in the marketplace, retailers such as The Kroger Co. must stay on the lookout for new ways to go to market, said J. Michael Schlotman, chief fi nancial officer and executive vice-president of the Cincinnati-based company. In a May 9 presentation at the Goldman Sachs Staples Forum in New York, Mr. Schlotman summed up the situation like this: "Seems like everybody buys food, so they believe they can sell food." He pointed to Staples, primarily known as a marketer of office supplies, as a retailer that now features food products in its advertisements. To combat the growing competition, Kroger continues to evolve by looking for ways to go to market. "We have different size stores," Mr. Schlotman explained. "We have a multitude of formats, from convenience stores all the way up to multi-department CONTINUED ON PAGE 22