Predictions for record spending this Father’s Day are not swaying U.S. grocery chains from emphasizing their value seafood offerings.
Americans will collectively spend an estimated record-high USD 22.9 billion (EUR 21 billion) to celebrate Father’s Day on Sunday, 18 June, up from USD 20 billion (EUR 18 billion) in 2022, according to the National Retail Federation’s (NRF) annual survey. Greeting cards and clothing will be the
… Read MoreInflation continued to dampen U.S. retail demand in May 2023, even as fresh and frozen seafood prices dropped.
Inflation rose 4 percent in May year-over-year on an unadjusted basis, according to the U.S. Bureau of Labor Statistics. Overall food prices were up 6.7 percent during the period, with food away-from-home inflation up 8.3 percent and food-at-home inflation up 5.8 percent.
Fresh seafood sales increased 0.6 percent by value for the 13
… Read MoreAfter enjoying success in Singapore, Long John Silver’s has expanded into Indonesia and plans further growth in Southeast Asia.
In late May, Louisville, Kentucky, U.S.A.-based LJS opened its first restaurant in Indonesia in Gading Serpong, a township just west of Jakarta, the country’s capital. The flagship eatery “combines the fan-favorite Long John Silver’s menu with local flair for a unique seafood experience,”
… Read MoreAmericans are buying more sushi and fresh prepared seafood items from supermarket delis, but higher prices are pushing down unit sales.
Sushi sales at U.S. retail locations across the United States climbed 3.8 percent by value to USD 2.58 billion (EUR 2.4 billion) for the year ending 13 May, according to Nielsen data provided by Idaho Falls, Idaho, U.S.A.-based strategic insights company Category Partners.
In the most recent quarter ending 23
… Read MoreU.S. shoppers are spending more on groceries this year as they balance their desire for quality and healthiness with the higher cost of food, including seafood, according to two new surveys.
Besides cost, American consumers are also considering eating well, quality, nutrition, freshness, convenience, family food preferences, individual cooking skills and habits, and individual shopping experiences when deciding whether to purchase a particular
… Read MoreBlue Star Foods’ recorded a net loss of USD 2 million (EUR 1.9 million) in Q1 2023, and its revenue plunged 64 percent to USD 1.9 million (EUR 1.8 million), primarily due to a decrease in volumes sold.
The Miami, Florida, U.S.A.-based crabmeat importer and operator of recirculating aquaculture systems reported its gross profit also dropped 42 percent to USD 300,000 (EUR 280,000) and its operating losses rose 12 percent to USD 900,000 (EUR
… Read MoreAfter Andrew Gruel and his wife Lauren sold their interest in Slapfish, the Huntington Beach, California, U.S.A., fast-casual seafood restaurant chain in July 2022, they knew they wanted to focus on a smaller concept in which they could source local, sustainable, and Fair Trade-certified seafood.
Andrew and Lauren Gruel realized that vision with Calico Fish House, which opened in Huntington Beach in January 2023. Calico Fish House serves up at
… Read MoreThe rate of inflation for prices of seafood sold at retail in the U.K. continues to rise, with chilled seafood plummeting as a result, and even shelf-stable, or ambient seafood, suffering a decline in sales.
The rate went from 1.2 percent in September 2022 to 6.8 percent in March 2023, Watson noted, citing NieslenIQ data. As a result, U.K. retail seafood sales dropped 1.2 percent to GBP 4.08 billion (USD 5.1 billion, EUR 4.7 billion) from the
… Read MoreLegal Sea Foods has unveiled a sushi and sake menu for the first time, along with several new dishes for the spring season.
The Boston, Massachusetts, U.S.A.-based chain, bought by PPX Hospitality in 2020, opted to expand into sushi and sake offerings due to their rising popularity with diners across the U.S., Legal Sea Foods Brand President and Chief Operating Officer Matt King told SeafoodSource.
“We wanted to provide our Legal Sea
… Read MoreThe U.S. Department of Agriculture announced supply contracts for Alaska pollock worth nearly USD 3.7 million (EUR 3.4 million) on 22 May.
And Genuine Alaska Pollock Producers CEO Craig Morris told SeafoodSource the USDA plans to make a near-record purchase of more than 16 million pounds of pollock, as well as canned pink salmon, with bids due 5 June.
Seattle, Washington, U.S.A.-based Trident Seafoods won USD 2.49 million (EUR 2.3 million) of
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