In this file:
· JBS considers opening frozen-only stores in North America
· JBS mulls frozen-only meat stores, trucks in North America
JBS considers opening frozen-only stores in North America
By: Clark Schultz, SA News Editor, Seeking Alpha
Jun. 19, 2017 7:57 AM ET
JBS Foods (OTC:JBSAF, OTCQX:JBSAY) is considering opening retail stores in North America in a direct-to-consumer strategy, according to New York Post.
Sources say a plan to launch both frozen-only JBS meat stores and food trucks is being talked about and analyzed, while JBS execs concede that the new concept is in the development stage.
A broad roll-out of frozen stores offering beef, lamb, pork, seafood, vegetables and dessert could be another major challenge for the grocery store sector...
JBS mulls frozen-only meat stores, trucks in North America
By Josh Kosman, New York Post
June 16, 2017
The world’s largest meatpacker, Brazil-based JBS, is weighing plans to open its first retail stores in North America, The Post has learned.
JBS, which last month paid a $3.1 billion fine to Brazilian regulators over corruption allegations, is looking to open frozen-only meat stores and food trucks in the US, Mexico and Canada, according to a source close to the situation.
The meatpacker, which scooped up chicken giant Pilgrim’s Pride in 2009, would open the stores to ensure consistent quality, be closer to shoppers and boost profitability, the source said.
An internal team working at JBS’ Miami area-offices is developing the designs and coming up with a name for the stores. One under consideration is “Cut 40,” the source said.
The stores would be less than 2,000 square feet, and offer frozen — rather than fresh — cuts of beef, pork, lamb and seafood, as well as frozen vegetables and dessert.
JBS’ plans are to “transform the way people shop for proteins,” the source said, with a strategy that includes selling meats online and offering more food service directly to restaurants.
A JBS spokesman cautioned plans for a retail rollout haven’t been finalized…