• Fast Casual reports that Saladworks, which has more than 100 locations in 18 states, has opened its first location inside a Kroger, in Cincinnati.
“Much like the stand-alone locations across the country, the in-store formats focus on customization offering create-your-own salads, wraps, grain bowls as well as soup and grab ‘n’ go items,” the story says. “In addition to in-store orders, grocery store restaurants for Saladworks also offer shoppers the option to order online through the Saladworks website or by calling ahead for pickup.”
Fast Casual notes that “Saladworks has restaurants in seven grocery stores in Pennsylvania, Maryland and New York, with more than 10 openings planned through Q1 of 2021.”
• CNBC reports on Nordstrom’s release of Q3 numbers, and they add up to a business that seems to be recovering from the negative impact of the pandemic.
Nordstrom’s net income fell to $53 million from $126 million a year earlier, as revenue dropped to $3.09 billion from $3.67 billion a year ago. But while total sales were down 40% in the first quarter and 53% in the second quarter, Q3 sales only were down 16 percent – a marked improvement.
In addition, Nordstrom continues to show strength in its e-commerce business, which now accounts for 54 percent of its total; in addition, the company sees its off-price store, Nordstrom Rack, as being a potential source of strength in recessionary times.
• The Associated Press reports that McCormick & Co. has finalized a deal to acquire hot sauce Cholula for $800 million from private equity group L Catteron.View Original Article