Food Marketing Institute (FMI): no room for border adjustments in tax reform

ARLINGTON, VA, 2017-May-25 — /EPR Retail News/ — Food Marketing Institute (FMI) submitted a statement for the record to the U.S. House of Representatives Committee on Ways and Means hearing on Increasing U.S. Competitiveness and Preventing American Jobs from Moving Overseas: How Border Adjustment and Other Policies Will Boost Jobs, Investment, and Growth in the U.S. The nation’s food wholesale and retail industry employs more than 4.8 million people nationally, and helps support nearly 3 million additional jobs in supplier industries.

The economy has an enormous amount to gain from Congress’ efforts to reform the tax code in a way that lowers effective rates for all industries and creates a level playing field that does not advantage one business sector over another. FMI is confident that these efforts will not only create a more profitable industry, but will have enormous positive impacts on job creation and consumer spending.

Although the industry is generally supportive of efforts to move to a territorial system, there is no room for border adjustments in tax reform and the approach should not be considered. The type of border adjustment being discussed would inevitably lead to higher consumer prices. In an industry that operates on such a narrow profit margin anyway, grocers do not have the ability to absorb cost increases.

Border adjustment is, even under a best case scenario, a gamble. The wager, unfortunately, is a bigger tax bill for many food retailers and/or higher prices for consumers. There is no reason to make this bet; tax reform can and should proceed without a border adjustment.

Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.

Contact:
phone: 202-452-8444
fax: 202-429-4519

Source: Food Marketing Institute

Produce Marketing Association (PMA) and Food Marketing Institute (FMI) report “Trends in Mass-Market Floral”

Newark, Del. and Arlington, Va., 2016-Nov-19 — /EPR Retail News/ — The mass-market floral supply chain should continue to focus on impulse floral sales and holiday floral sales, while looking to grow website, wedding and sympathy sales, according to new research commissioned by Produce Marketing Association (PMA) and Food Marketing Institute (FMI).

The report, “Trends in Mass-Market Floral,” provides a comprehensive snapshot of the U.S. mass-market floral retail business, to help companies assess their current positions and to plan their futures. The report identifies trends relating to store operations, floral offerings and services, sourcing practices and corporate floral buyer priorities. Based on that benchmarking snapshot, the report outlines a number of business growth opportunities for the next 3-5 years.

As the leading associations for food retail and global fresh produce and floral supply chain, respectively, FMI and PMA harnessed an opportunity to benefit the associations’ members across the mass-market floral supply chain.

“PMA’s Floral Council identified the need for this type of business information as a priority, to help our mass-market floral industry to be more competitive,” said PMA Floral Director Becky Roberts. “This report contains information that is useful for every link in the supply chain, from data on shrink to insight on where retailers will focus over the next 3-5 years.”

“When grocery shoppers think ‘fresh,’ they consider all the tastes and aromas associated with the meal they’re ultimately shopping for as well as the experience they’re hoping to create in their homes,” said FMI Vice President of Fresh Foods Rick Stein. “This research can help companies set the tone for the shopping trip and grow their businesses across the entire mass-market floral supply chain.”

Prince & Prince, Inc., a recognized leader in floral market research, conducted the study for PMA and FMI. The mass-market retail floral industry was last benchmarked in 2003; the mass-market floral retail industry has grown and changed considerably since then.

The report is available only to association members (member log-in required). PMA members can download the report at: www.pma.com/floral. FMI members can download the report here:  www.fmi.org/FreshFoods.

Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.

Contact:

Tel: 202-452-8444
Fax: 202-429-4519

Source: FMI

Giant’s digital content platform and magazine Savory Fast, Fresh and Easy recognized by Food Marketing Institute (FMI) with a 2015 Gold Plate Award

Giant’s Savory Fast, Fresh And Easy™ Platform Recognized By Food Marketing Institute Digital Content Platform and Magazine Make Being Healthy Easy and Affordable

Landover, Md., 2015-9-15 — /EPR Retail News/ — Giant Food of Landover, Md. and its parent company Ahold USA have been recognized by Food Marketing Institute (FMI) with a 2015 Gold Plate Award for its digital content platform and magazine, Savory Fast, Fresh and Easy™. The Gold Plate Awards recognize retailers who are helping their customers make family mealtime a regular occasion. Giant and Ahold USA were presented the award at FMI’s Health & Wellness Stakeholders Summit on Sept. 9, 2015.

“Giant is honored to be recognized by the Food Marketing Institute with the 2015 Gold Plate Award for Savory Fast, Fresh and Easy™,” said Gordon Reid, president, Giant Food of Landover, Md. “We created Savory™ not only to enhance our customers’ enjoyment of our products, but also to assist with healthy meal planning, so that our customers can spend more time with their loved ones.”

Launched in June 2015, Savory Fast, Fresh and Easy™ is a one-stop destination for easy meal planning and entertaining ideas that can be found in-store, on Giant’s website and the websites of Ahold USA’s retail divisions, or by downloading the free Savory Fast, Fresh and Easy™ app. The magazine, which is a component of the overall digital content platform, is free to customers who use their loyalty card and is also available online. Regular features include budget-friendly meals, recipes to cook once and eat twice and a “Take 5” feature which offers five ingredients for a fast meal.

Cathy Polley, RPh, FMI vice president of health and wellness, and executive director of the FMI Foundation said, “At FMI and the FMI Foundation, we are fortunate to work on behalf of an industry that lends their wholehearted support to the communities they serve. One of the many ways our industry enriches the lives of its community of customers is by providing families with ideas and resources to help them plan, prepare, and share more meals together at home. We proudly honor Ahold USA’s Savory Fast, Fresh and Easy magazine and online platform with a 2015 Gold Plate Award for the food retailer’s exceptional efforts helping shoppers overcome the barriers to family mealtime with healthy solutions that save both time and money.”

About Giant Food
Giant Food LLC, headquartered in Landover, Md., operates 168 supermarkets in Virginia, Maryland, Delaware, and the District of Columbia, and employs approximately 20,000 associates. Included within the 168 stores are 159 full-service pharmacies. Giant opened the first supermarket in the nation’s capital on February 6, 1936. Giving back to the community is a cornerstone that was instilled by the founders more than 79 years ago. The company’s core areas of giving include hunger, education, health and wellness, and supporting service members and military families. In 2014, Giant’s monetary and in-kind contributions exceeded $14.9 million, and the nation’s capital grocer helped partners provide more than 88 million meals. For more information on Giant, visit www.www.giantfood.com

Contact:
Jamie Miller
(301) 341-8776
jmiller@giantfood.com