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Target sees brighter 2022 with easing supply pressures

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U.S. retailer Target Corp (TGT.N) posted record holiday quarter earnings on Tuesday and forecast an upbeat 2022 as it expects supply chain pressures to ease later in the year, lifting shares 14%.

Margins remain front and center for investors this earnings season, with big retailers spending heavily to expedite shipments and hiring thousands more people to navigate bottlenecks and ensure well-stocked shelves.

“We see supply chain constraints that are steadily working themselves out but will likely take more time… made more uncertain by the crisis in Ukraine (following the invasion by Russia),” Chief Executive Officer Brian Cornell said on an earnings call.

Minneapolis-based Target said raising prices would be the last lever it pulls to combat higher costs, but expects profits to improve later this year, as sales are boosted from new online options and same-day delivery.

The retailer said it would invest up to $5 billion this year – compared with the $4 billion it outlined for 2021 – to remodel stores, open more mid-size outlets and improve its online business to sustain the sales momentum.

NO SLOWDOWN

Sales at Target and Walmart (WMT.N) surged during the pandemic, and the retailers are building on those gains using their scale and negotiating power with suppliers to undercut smaller rivals through competitive pricing and gain market share.

“The retailers who have been able to mitigate the supply chain issues and all the headwinds have gained an advantage over mom & pop stores,” said Jessica Ramirez, retail analyst at Jane Hali & Associates.

Target expects low- to mid-single-digit revenue growth in fiscal 2022, compared with estimates of a 2.18% rise. It forecast adjusted profit to rise by high single-digits, above estimates of a marginal increase.

Source: Reuters

Beyond Meat, shares fall on dimmer than expected forecasts

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Beyond Meat Inc forecast annual revenue below estimates, hitting its share price, as it faced stiffer competition amid flat demand for plant-based protein.

The California-based company said it expects revenue of $560 million to $620 million for 2022, compared with estimates of $637.3 million, according to Refinitiv IBES data.

Sales to U.S. grocers, convenience stores and other retailers declined 19.5% in the fourth quarter ended Dec. 31.

Rivals including Tyson Foods (TSN.N) and Kellogg (K.N) recently entered the fray with big discounts to get more people to trial their products.

U.S. retail sales in the plant-based meat category fell 0.4% last year versus 45% growth in 2020, Beyond Meat Chief Executive Officer Ethan Brown said during an earnings call.

“We experienced intense increased competition during the period when the size of the prize did not expand,” he said.

Those remarks echoed comments made by rival Maple Leaf Foods Inc (MFI.TO), parent of Lightlife Foods, earlier on Thursday.

Maple Leaf Chief Operating Officer Curtis Frank said during an earnings call that many consumers tried plant-based proteins early on but did not repeat purchases.

Beyond Meat posted a larger than expected loss of $1.27 per share in the fourth quarter, versus estimates for a loss of 71 cents, as it spent heavily on marketing and incurred high manufacturing costs due to supply chain disruptions.

Net revenue was $100.7 million in the quarter, compared with $101.9 million a year earlier. Analysts polled by Refinitiv had expected $101.4 million.

Brown said growth should resume this year, in part as Beyond Meat executes on partnerships with McDonald’s Corp (MCD.N) and KFC (YUM.N) and launches a new product line with PepsiCo Inc (PEP.O) in coming weeks – which Brown said he was snacking on during the call.

Source: Reuter

Nature’s Sunshine appoints Trent McCausland as Vice President of Global Sustainability & Transparency

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New Leadership Position Part of Company’s Commitment to Social and Environmental Responsibility.

This new role is part of Nature’s Sunshine’s commitment to sustainable improvements to its sourcing, manufacturing and other operations processes, which will be outlined in the company’s inaugural sustainability report to be released in March 2022. As Vice President of Global Sustainability & Transparency, McCausland will be responsible for ensuring that Nature’s Sunshine’s ingredients are provided by suppliers who apply sustainable harvesting and ethical labour practices, and Nature’s Sunshine’s manufacturing facilities continue reducing their environmental footprint.
“I’m pleased to announce Trent’s appointment as our head of sustainable initiatives,” said Terrence Moorehead, President and Chief Executive Officer, Nature’s Sunshine. “Our mission is to share the healing power of nature with the world and, as part of that mission, we must help protect the farmers and global communities who make our work possible. Trent’s passion for sustainability and supply chain experience make him a natural leader as we continue to transform our business to be of and for nature.”

With over 20 years of experience in multiple positions across Nature’s Sunshine’s supply chain team, McCausland’s cross-functional leadership and collaboration have been vital in successfully navigating challenges to continue providing global markets with Nature’s Sunshine’s industry-leading products. As the leader of the company’s manufacturing taskforce, McCausland was instrumental in reorganizing and streamlining the supply chain team to improve efficiency and productivity.

“I am honoured to take on this role and help guide Nature’s Sunshine to reach its sustainability goals,” said McCausland. “The company has already taken many great steps toward becoming more socially and environmentally responsible and we are creating a great path forward to promote the health and wellness of individuals, communities and our planet.”

McCausland joined Nature’s Sunshine in 2000, after starting his career with Dura Pharmaceuticals.

Ombre Expands Leadership Team with new Head of Science, Head of Growth, and Board of Directors Member, Now Majority Female-Led Company

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Personalized self-care company announces $4 million in new funding led by Relevance Ventures.
Ombre, a wellness company that provides at-home microbiome tests, probiotic subscriptions, lifestyle, and diet recommendations, today announced it has hired Kimberly Griffith as Head of Science and Roma Qazi as Head of Growth. With these new hires, Ombre’s leadership is now 60% female, led by Elise Contarsy, CEO.
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Additionally, the company announced $4 million in seed funding led by Relevance Ventures, bringing the company’s total funds raised to $13.3 million. The funds will be used to continuously improve Ombre’s trusted products, supply chain, and services, including their home tests, gut health reports, probiotic formulations, and the in-app experience. Chris Crawford, Senior Investment Manager at Relevance Ventures, will join Ombre’s 75% female board of directors.
In her role as Head of Science, Ms. Griffith will apply her expertise in microbiome research to Ombre’s proprietary software and corresponding consumer experience, ensuring that Ombre’s products are providing cutting-edge science in a delightful and highly useful user experience. Ms. Griffith is a board Certified Nutrition Specialist and holds a Masters of Science in Human Nutrition and Functional Medicine, alongside continual education within microbiome research. Her persistent focus within lifestyle medicine application and research are firmly founded within the microbial community, understanding health effects from gut, skin, oral and vaginal dysbiosis and how best to optimize each biome for ideal health and wellness.

“Research is continually validating the influential role of the microbiome on disease and health,” shared Kimberly Griffith. “This is an exciting area to be a part of as we use this information to move towards at-home accessible, preventative, self-care.”

In her role as Head of Growth, Ms. Qazi will drive customer acquisition across all channels to unlock opportunities in the core economics of customer growth and acquisition at Ombre. Roma previously served as the Director of Growth Marketing at New York-based One Drop, where she drove acquisition and awareness on multiple digital channels using data-driven strategies. Prior to One Drop, Roma developed performance marketing strategies to accelerate business growth for multi-regional clients at M&C Saatchi Performance in New York and Singapore.

“Having a persistent ‘test and learn’ mindset is essential for growth,” said Roma Qazi. “Data is our best friend at Ombre. We have a great opportunity to unlock growth insights using proprietary data that will complement our self-care program.”

“Ensuring portable and affordable access to gut health is foundational for the future of preventive medicine,” said Chris Crawford. “Gut health is the nexus of wellness because it is tied to innumerous ailments throughout the body. Ombre is a cornerstone of our efforts to invest in reshaping health and  wellness.”

Tabitha Brown partners with plant-based mini-meal solution Orro offering a new healthy on-the-go solution

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Actress, Vegan Foodie Personality and #1 New York Times Best-Selling Author, Tabitha Brown, Joins orro Team as Equity Partner

Launched last year, orro’s mission is to bring plant-based nutrition to the masses without sacrificing great taste, nutrition or time. Orro was created to provide consumers with complete plant-based nutrition solutions with the ultra-convenient Mini-Meal to help support a healthier lifestyle.
Sustainably packaged and available in delicious vanilla and chocolate flavours, the Mini-Meal is complete with 16 grams of non-GMO pea protein, 23 vitamins and minerals, and the ideal portion of calories and good fats to keep your body fueled throughout the day. With just 300 calories, orro is free of gluten, lactose, soy, allergens and artificial sweeteners. Tapping into the famed actress, Tabitha Brown, the brand will also be expanding later this year with more delicious flavours inspired by her favourite vegan recipes.

Upon launching last year, orro partnered with Brown who is often creating video content for her millions of viewers incorporating humour while simultaneously educating her followers on her plant-based lifestyle. Brown frequently showcases orro in her videos and praises the product as the perfect solution for being on the go. “I’m so excited to be partnering with orro! After fully embracing a vegan lifestyle almost five years ago, it became important for me to find delicious plant-based options that I actually enjoy,” said Brown. “When I tried orro for the first time, I immediately knew this was something different. The taste is exquisite and it’s perfect for when you’re on the go or need some quick fuel on long days in between meals.”

“We created orro for people on the move, and Tabitha Brown embodies our vision for the brand,” said Shaun Neff, founder of orro. “She’s a fast-paced, driven entrepreneur who balances work and motherhood and cares about what she puts in her body. I can’t think of a better fit for the brand.”

“We’re thrilled to welcome Tabitha to the orro family. We knew from the start her values and drive aligned completely with ours and we couldn’t be happier with this partnership,” said CEO David Orr. “Tabitha is such an impactful voice for not only the plant-based community but for anyone looking to make healthier lifestyle choices making this the perfect partnership.”

PlantFuel Continues Its Empowerment of Athletes with NASCAR’s First Woman Vegan Race Car Driver Natalie Decker

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Decker will drive the PlantFuel NO F***ING WHEY No.33 Car at the NASCAR Xfinity Series 2022 season opener at Daytona International Speedway. (https://bellarinova.com)
The scientifically focused plant-based wellness company is pleased to announce a partnership with professional motorsports race driver Natalie Decker to kick off the NASCAR Xfinity Series 2022 season.
Natalie Decker, one of the top professional female motorsports drivers in the world, made history in 2020 as the first female driver to place top five in a top-three tier NASCAR race at Daytona, and she was also the highest-finishing female driver ever in a NASCAR Truck Series race. Decker, who is a vegan and Champion Ambassador for The Arthritis Foundation, was born with rheumatoid arthritis and credits her training and healthy eating habits in managing the chronic disorder.
“I’m thrilled to be partnering with PlantFuel since my healthy lifestyle has been very important to my career, so their products and eco-friendly business are such a perfect fit for what we represent as a team,” says Natalie Decker.

Developed by athletes, formulated by doctors, and clinically proven for optimal performance, PlantFuel is a premium plant-based health and wellness company founded by former NFL player and serial entrepreneur Brad Pyatt. Based on plant-fueled ingredients, zero-waste packaging, and sustainable practices, PlantFuel takes pride in its diverse partnerships from NFL Hall of Famer Terrell Owens to gymnast Olivia Dunne, artist Lil Yachty to actress Megan Fox, and more.

“We’re proud to partner with Natalie who embodies the PlantFuel ethos with her dedication, overcoming challenges through healthy living, and we’re excited to support the strong and loyal NASCAR community,” says Brad Pyatt, PlantFuel CEO.

Substantial cost increase by energy supplier forces organic grower to file for bankruptcy

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Organic greenhouse vegetable grower Oirschot Organics from Middelbeers was declared bankrupt this week. According to the trustee, the reason for this is a claim from an energy supplier that was recently submitted to the grower.

The claim came rather suddenly, as the greenhouse complex of about 2.5 hectares was prepared for a new crop this winter. The grower has a combined heat and power system. The plants had even been planted. “The organic market is doing relatively well, so it was not the case that the grower had been heading for bankruptcy for some time,” says Geurt te Biesebeek of Aben & Slag Advocaten. “There is an acute liquidity problem because of the claim.”

In the coming period, the trustee will further investigate the cause of the bankruptcy. Both the option of a restart and reaching a settlement with the energy supplier are on the table. However, the trustee emphasizes that he is not a mediator. “As usual, I serve the interests of all creditors in the bankruptcy.

Oirschot Organics provided the trustee with payroll with twenty employees on it. They are now without work. The trustee hopes for a continuation of the company, preferably in the short term. Interested parties can come forward to make an offer.

This article was previously published: https://www.hortidaily.com/

Nutricare USA LLC partners with iLevel Management Inc.

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Nutricare USA LLC partners with iLevel Management Inc to Expand the sustainably innovative PATCH brand of Bamboo Bandages in Canada.

Nutricare USA LLC is pleased to announce their partnership with iLevel Management, Inc. iLevel Management will be acting as sales broker to Natural Health Food stores, Mass Retail, Food Service and Drug Stores in Canada for Nutricare’s innovative brand; PATCH Bamboo Bandages.

PATCH is trailblazing the global first aid category as the world’s first natural, sustainable bandage that solves a consumer problem for 25%+ of the population who have an allergy or sensitivity to traditional adhesive wound care products. PATCH products are all natural, eco- friendly, and sourced from soft-breathable bamboo fiber, making for an eco-friendly alternative that is effective and suitable for all skin types.

Since launching the brand in North America at Natural Products Expo West 2019, brand gained placement into thousands of retail doors across the US & Canada. PATCH continues to win numerous consumer & industry awards including B Corp Best for the World 2019, the NEXTY Consumer Choice Award for Best New Personal Care Product at the virtual Natural Products Expo West 2020 Show and most recently Best for the WorldTM B Corps of 2021 as the top 5% B Corps out of 4,000 worldwide in the impact area of Environment.

“We are thrilled to enter a new partnership with the iLevel Team, and look forward to the growth and impact that we will achieve together as we continue the Nutricare/PATCH Bamboo Bandages Journey in the great country of Canada.” – Hammad Atassi, President – North America, Nutricare.

Kelowna naturopathic doctor speaks in favour of vaccine mandate

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Photo: The Canadian Press

 

Dr. Ali McMillan says, though she can’t speak for everyone in her profession, she’s in favour of all healthcare staffers being vaccinated whenever they can be.

“We often see patients with compromised immune systems and at the end of the day, their safety matters more than pretty much everything else,” said McMillian.

“So I wouldn’t want to spread a potentially life-threatening infection to patients.”

With the new mandate, patients with a compromised immune system may feel safer going to see healthcare workers, McMillan added.

The vaccine mandate that applies to all health professionals in British Columbia will go into effect on March 24, Bonnie Henry announced Wednesday.

“I have spoken many times about the importance of all of us as healthcare professionals doing everything we can, and it is our obligation to make sure that we’re taking all of the measures to protect those patients in our care, especially the more vulnerable people that we serve,” said Henry.

“As well, it is important for us to protect our own health as part of being able to continue to contribute to the healthcare of others during this challenging time.”

McMillan says she likes the direction the province is moving towards with this mandate, however she doesn’t believe it will change much in terms of the pandemic.

“I’m not sure if this or anything else is going to bring the pandemic to an end, but it is what it is. I think people are doing their best to try and mitigate the damage,” said McMillan.

While vaccinated people are now catching the Omicron variant of the virus frequently, Dr. Henry dismissed the claims that the COVID-19 vaccine provides no protection against transmission.

“The difference in spread between somebody who’s vaccinated and (somebody who’s) unvaccinated is like saying (Canadian soccer star) Christine Sinclair and I both play soccer,” Henry said this week.

Of confirmed cases between Feb. 2 and 8 in B.C., a not vaccinated person has a case rate per 100,000 after adjusting for age of 353.0. A fully vaccinated person has a rate of 138.5.

Chiropractors are among the professions impacted by the mandate. In December, Kelowna chiropractor Mark Foullong authored a resolution for the College of Chiropractors of B.C., to “take a stand to protect and maintain the right to medical freedom of choice.” Seventy-eight percent of people in attendance supported it.

In response, the B.C. Chiropractic Association released a statement following the resolution, and stated that the association represents 85 percent of the chiropractors in the province, and “the views expressed at the CCBC (Annual General Meeting) are not representative of the association.”

They noted that of the over 1,300 licensed chiropractors in British Columbia, approximately 15% of registrants were present in that meeting.

“The BCCA Board of Directors appreciates and fully supports the efforts of Provincial Health Officer Dr. Bonnie Henry and Minister of Health Adrian Dix as they navigate the province of BC through this global health crisis,” said the association.

This article was published: https://www.castanet.net/

BIO-K+’s extra cognition with Cereboost® voted product of the year 2022

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Bio-K+’s Extra Cognition Drinkable Probiotic has been named Product of the Year in the US Probiotics Category for 2022. Product of the Year is the largest consumer-voted award for product innovation, determined by 40,000 American shoppers through a national survey conducted by Kantar, a global leader in consumer research.

Bio-K+’s winner product, which launched in the first quarter of 2021, offers a unique formula with a probiotic content of 80 billion CFU that is blended with the active ingredient Cereboost®, also known as American Ginseng, scientifically studied for its effects on supporting cognitive function, performance, and working memory. Furthermore, the product is vegan, certified gluten-free, organic, and non-GMO, making it accessible for a variety of lifestyles and preferences. The brand also became a finalist with its whole Extra line among an elite group of products in the Functional Beverage Category in the 2022 Product of the Year Canada™. For the development of the Extra line, composed of three products, Bio-K+ for the very first time in its history combined its unique proprietary three-strain formula with science-backed functional ingredients to address different consumer health needs.

In an ever-changing consumer landscape, the annual Product of the Year Awards is a go-to resource for those looking to find the best new and innovative products on the market and Bio-K+ continues to remain at the forefront of creating trusted, effective probiotic formulations. “We are thrilled to have our Extra Cognition product be named Product of the Year in the US probiotics category. Our ambition in developing the Extra line was staying true to the science behind our probiotic strains while offering evolution in how consumers experience Bio-K+ probiotics. It’s clear that this has resonated with American shoppers and the priority they place on supporting their health and wellness with science-backed probiotic products”, commented Jonathan Doyle, VP & General Manager of Bio-K Plus, a Kerry company.

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