CENTER STORE

P&G reduces the price of Folgers coffee by almost 4 percent

BY Jenna Duncan

NEW YORK Procter and Gamble last week announced that prices of its Folgers brand coffees with drop by 3.5 percent.

P&G spokeswoman Jen Becker said the price reduction is due to lower costs to purchase green coffee.  

Folgers said that its listed prices for Folgers Ground dropped 10 cents for its 10.3- to 11.5-ounce canisters. The price of Folgers’ Instant coffee also dropped by  3 cents per ounce, company representatives said.

So far, 2008 has been a volatile year for the U.S. coffee market, several other rises and drops in coffee prices have been reported since January across brands.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
CENTER STORE

Coca-Cola Company shows strength in sales, despite slowing consumer demand

BY Melissa Valliant

ATLANTA Despite a 3 percent sales decline in the soft drinks category this past quarter, Coca-Cola seems to be strongly resisting the slowing consumer demand. Coca-Cola’s chief executive announced yesterday that he was confident the company would overcome the problems of the changing economy and gain market share.

The beverage-manufacturing conglomerate is showing strength because of its international support, as well as its consistent sales of its semi-recent Coke Zero drink. North American sales, which make up 30 percent of Coke’s total revenues, showed a decline of 2 percent in the volumes of cases sold. However, case sales are up 18 percent in India, 17 percent in China and 7 percent in Brazil and Mexico, helping the company’s overall sales volume to increase by 5 percent.  

“There are going to be areas of the world that will be growing less,” said Muhtar Kent, president and chief executive officer of Coca-Cola Company. “But despite the volatility, we are in the best consumer business there is, with tremendous resilience if we take the right actions. And we will take the right actions.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
CENTER STORE

Stop & Shop helping consumers with celiac disease through new products, events

BY Melissa Valliant

QUINCY, Mass. Stop & Shop is taking drastic measures to spread awareness of ways to prevent food allergy reactions. September being National Food Safety Education Month, Stop & Shop has changed their packaging of nuts, now selling pre-packaged tree nuts and peanuts instead of using bulk bins.

The supermarket company teamed with the National Foundation for Celiac Awareness (NFCA) and sponsored its Boston Gluten-Free Cooking Spree, as well as hosted a “Gluten in Medications” event in which pharmacists spoke about celiac disease and the potential effects it may have on medication absorption.

Ahold USA offered a larger selection of gluten-free products, including pastas, snacks and baking mixes. In an effort to make it easier for customers to find such products, they also added separate gluten-free sections to many of their stores and gluten-free signs to the natural and organic department.

Consumers searching for gluten-free products and celiac disease information can visit stopandshop.com’s “Healthy Ideas” section.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?