Mars' announcement of its refreshed branding that includes a new icon and a new font and colors for its pet care and candy brands was this week's top story among food and beverage readers. The company also has a new tagline, "Tomorrow starts today," based off its new mission statement, which says, "The world we want tomorrow starts with how we do business today." CPG brands made up many of the past week's top news, including product announcements from Frito-Lay and Budweiser. The beer brand will lend its name to a line of meat products hitting stores this summer. Nestle also rolled out new products, including chilled snack bars and Goodnight snack clusters, which are formulated to promote better sleep.
In restaurant news, a Philadelphia law that will ban cashless stores caught readers' attention. Under the law, most restaurants and retailers in the city will be required to accept cash starting July 1. Chipotle made headlines with its campaign promoting its loyalty program, which aims to entice diners with a Venmo payout of as much as $500.
Target's announcement that it will open 30 more small-format stores this year in Los Angeles, New York and Washington, D.C., made a splash this week in retail news, as did Costco's decision to raise its minimum wage to $15 per hour in the US and Canada.
Check out all of this week's top stories:
- Mars reveals new icon, logos, purpose statement
- Frito-Lay debuts new Cheetos, Doritos products
- Budweiser-branded meats to hit stores this summer
- Nestle debuts chilled snack bars, sleep-promoting snack clusters
- Kellogg CEO: Frozen category "one of the hottest areas"
- Kind, Epic Provisions among brands launching new snacks
- Philadelphia law to ban cashless stores, eateries
- Chipotle to dole out cash on Venmo to promote loyalty program
- Target goes bigger with plans for smaller stores
- Costco announces minimum wage bump of $15 per hour
- Think you don’t need to worry about product packaging? Think again
- Accelerators match big players with promising food startups
- A question of loyalty: How grocers can up their game
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