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Abasto is the only print and digital trade publication in the U.S that caters to the Hispanic food and beverage decision maker. Our 50K+ readers are responsible for wholesale purchasing decisions

Target profits plummet

Target had a 62% drop in its second-quarter profit and lowered its earnings forecast for the full year while resorting to price reductions to attract consumers and reassure customers worried by the gap in computer security. The company had reduced its earnings estimates for the second quarter and said a …

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Bring the bidding war to the South

Family Dollar

A last-minute proposal heated up the bidding war to acquire Charlotte, NC based Family Dollar. The Tennessee Company, Dollar General bid $9.7 billion, including debt, which aims to compete with an offer made less than a month ago by competitor Dollar Tree. Dollar General said that Goldman Sachs and Citigroup …

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Is it really Gluten Free?

Starting this month foods labeled as “gluten free” will be true to the statement. Until now, the term “gluten free” was not regulated, therefore processed food manufacturers made ​​their own decisions about what it meant. Now, all food products labeled “Gluten-free”, “Free of gluten”, “No gluten” or “Without gluten” must …

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Burger King retires its light fries

Burger King

‘Satisfries’, the french fries low in fat, will not be sold anymore in most Burger King restaurants. About two-thirds of  the Burger King Sores Worldwide Inc. in the United States and Canada are removing fries that were launched less than a year ago. The fast food chain said 100 million customers have …

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Chiquita rejected brazilian offer

The American giant banana producer Chiquita Brands International rejected the bid for $ 611 million by two Brazilian groups considering it “insufficient”. “Chiquita decided not to give any information or have talks and negotiations with Cutrale Group and Safra Group”, owned by entrepreneurs Jose Luis Cutrale  and Joseph Safra respectively, …

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Wal-Mart a cheap thermometer of the U.S economy?

In recent years many analysts consider the retailer Wal-Mart as a valid thermometer of the economy in the United States. For this reason when Wal-Mart Stores Inc. (WMT)-the largest distributor in the world-shows a decline in its forecast of future earnings, after seven quarters of decline in business traffic at …

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Amazon enters the mobile payment business (mPOS)

The online retail giant Amazon.com has unveiled a new mPOS to local business, which threatens rival companies like PayPal and Square. The device is a credit and debit card reader for mobile devices. The payment system, called Amazon Local Register is a small extension that attaches to the headphone connection …

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Small business confidence index grows

small business

The small business confidence index in the United States rose in July, encouraged by the economic outlook at the start of the third quarter. However, despite this slight increase, the index remains historically low. According to the National Federation of Independent Business (NFIB, for its acronym in English) optimism index …

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Que Rica Chiquita!

Chiquita

The American giant banana producer Chiquita Brands International, currently in the process to acquire the Irish company Fyffes for 526 million, received an unexpected bid for $ 611 million by the Brazilian groups Cutrale and Safra. The Brazilian group Cutrale is one of the world’s largest orange-juice suppliers while Safra …

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Sprint appoints Hispanic CEO

The Bolivian Marcelo Claure, was appointed by Sprint Chairman Masayoshi Son as the new CEO of the telecommunications company Sprint, with the aim of addressing an aggressive market competition and repositioning of the brand. The Bolivian billionaire, 43, is the founder and CEO of Brightstar Corp., a subsidiary of Japan’s …

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