1. Holiday & Events

Chocolate Prices Continue To Soar as Cocoa Shortage Crisis Takes Shape

Written by Posted on Less than 0 min read

Valentine’s Day enthusiasts might need to brace themselves for a bitter surprise this year as cocoa prices soar to unprecedented levels.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Trends & External Forces

Crocs remain popular post-pandemic

Americans took up new hobbies and dressed for comfort when the novel coronavirus pandemic hit. Many have turned in their sweats for suits as they return to work. One thing they haven’t given up is their Crocs. The ugly footwear’s sales have jumped 200 percent since 2019. View Original Article COVID19 Dept. Apparel Unilever RetailWire […]
< 1 min read
0
  1. Trends & External Forces

Microsoft To Separate Teams From Office Package Globally After EU Antitrust Concerns

Microsoft announced its decision to offer Teams, its chat and video application, as a separate product globally, independent of its Office suite. View Original Article Legal & Criminal Government Dept. Nonfood RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon posts $3.2 billion profit as it cuts jobs

Amazon.com reported a $3.2 billion first-quarter profit, up from a loss of $3.8 billion a year ago. The retail, logistics and technology giant has cut tens of thousands of jobs in recent months in an effort to grow its bottom line. “The results indicate that ongoing cost-cutting measures are having a positive impact on Amazon’s […]
< 1 min read
0
  1. Department & Category

Peanuts, Cracker Jacks and other foods are more expensive at the old ballgame

Food prices are going up at ballparks across America, according to Sodexo Live CEO Belinda Oakley. “It doesn’t matter what industry you’re in, everybody is noticing prices going up, and scarcity being an issue in certain product lines,” she said. “Of course, we were no exception to that.” View Original Article Dept. Grocery Executives Economy […]
< 1 min read
0
  1. Channel: Drug

Justice Department sues Rite Aid for violating the Controlled Substances Act

The Justice Department on Monday filed a lawsuit against Rite Aid for allegedly violating the Controlled Substances Act, alleging that the company “knowingly filled unlawful prescriptions for controlled substances.” In a statement, Attorney General Merrick Garland said the Department of Justice is “using every tool at our disposal” to hold Rite Aid accountable for contributing […]
2 min read
0
5
  1. Channel: Convenience

7-Eleven Unveils Hot Dog-Flavored Drink

7-Eleven has revealed an array of new 7-Select sparkling waters sporting bold and innovative flavors. Partnering with Miracle Seltzer, 7-Eleven is introducing Lemon Lime, Green Apple, Sweet Orange, and the surprising addition of Hot Dog flavor. View Original Article 7-Eleven & Speedway Dept. Beverage Partnerships Dept. Pet RetailWire Member since October 25, 2020 Loading + […]
< 1 min read
0
  1. Stores & Formats

Pharrell Williams’ First Collection for Louis Vuitton Is in Stores Now

From music to menswear, Pharrell Williams marries his talents to make his mark in the fashion industry with his spring 2024 menswear collection for Louis Vuitton. View Original Article Brick and Mortar Dept. Apparel Predictions and Forecasts RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving […]
< 1 min read
0
  1. CPG: Adult Beverage

Bud Light Reveals Aftermath of Controversy

In 2023, Anheuser-Busch InBev faced a colossal setback, potentially losing $1.4 billion in sales due to a brief collaboration with a transgender influencer to endorse Bud Light beer. View Original Article CPG: Adult Beverage Dept. Adult Bev Dept. Beverage Marketing: Social Media RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s […]
< 1 min read
0
  1. Technology & Innovation

AI likely to make big strides again in 2023, but regulation could be coming

Much of the opposition to AI innovation in 2022 was over the emergence of art-modeling technology like Stable Diffusion and Lensa, which not only threaten the livelihoods of artists but can pull off chillingly convincing deepfake simulations. However, legislators who are concerned about algorithm-based decisions are considering ways to regulate the use of AI for […]
< 1 min read
0
  1. Uncategorized

The Apple Watch Has Been Banned Again

Bad news for U.S.-based Apple fans this week — the latest models of the Apple Watch can’t be imported stateside. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that […]
< 1 min read
0
  1. Retail Ecosystem

H&M enters U.S. resale market with help from ThredUp

H&M has launched a resale program in collaboration with the online consignment platform ThredUp. Around 30,000 clothing SKUs will be available on H&M’s resale site. It marks H&M’s first resale venture in the U.S. market but not its first in secondhand clothing. “We’ve been working in secondhand since about 2015, really testing and learning,” said […]
< 1 min read
0
  1. Shopper & Customer

Mars Gears Up for Record Halloween Candy Sales, With $3.6 Billion in Consumer Spending Expected

For candy makers like Mars, Halloween is a monumental event, with projections indicating consumers will spend $3.6 billion on Halloween candy… View Original Article Consumers Holiday & Events RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 […]
< 1 min read
0
  1. Channel: Mass

Walmart making drone deliveries in 30 minutes

Walmart is testing drones to deliver goods from a preset menu of items in as few as 30 minutes. The retailer’s pilot program is currently being conducted in six states — Arizona, Arkansas, Florida, Texas, Utah, and Virginia — with market coverage of four million households. View Original Article Consumers Technology & Innovation Editor's Choice […]
< 1 min read
0
  1. Shopper & Customer

Shrinkflation Bill May Help With Increased Costs of Consumer Goods

The legislation is set to help American families with their grocery costs. View Original Article Consumers RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each […]
< 1 min read
0
  1. Associates & Employees

Starbucks ordered to reopen stores after ‘egregious’ violations of labor laws

A federal administrative judge has ordered Starbucks to reopen closed stores and to reimburse back pay and pay damages to employees who lost jobs due to union organizing. Judge Michael A. Rosas wrote that Starbucks acted with “a general disregard for the employees’ fundamental rights” as guaranteed under federal labor law. Starbucks spokesman Andrew Trull […]
< 1 min read
0
  1. Shopper & Customer

Consumers are willing to wait on online deliveries

Americans are willing to wait up to three weeks to receive deeply discounted items from online platforms such as Temu. Demand for same- or next-day delivery has dropped in the past year from 18 percent to 10 percent, according to Popout. View Original Article Consumers Delivery RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
  1. Trends & External Forces

More people are working side gigs to make ends meet

The U.S. economy added 263,000 jobs in November, according to the Bureau of Labor Statistics. Around 165,000 of those went to people holding down more than one job. View Original Article Associates Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a […]
< 1 min read
0
  1. Uncategorized

Uber and Lyft Threaten To Exit Minneapolis Over Minimum Wage Motion

Minneapolis is at the heart of heated discussions around two pivotal questions in the ride-hailing industry: How much money do Uber and Lyft drivers make, and what minimum pay should they be guaranteed? View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the […]
< 1 min read
0
  1. Trends & External Forces

Americans are getting some relief from inflation

The rate of inflation has continued to slow for six straight months, dropping to 6.5 percent from nine percent last June. Lower prices at the pump and other savings have some feeling hopeful about their own personal finances. Risks of further inflation remain, however, which has economists looking to the Federal Reserve Bank and whether […]
< 1 min read
0
Next