Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Fifth area Fresh Thyme to open * The newest local Fresh Thyme Farmers Market will open for business at 7 a.m. Wednesday with a promotion that includes a free bag of groceries for the first 250 shoppers ages 18 or older. Throughout the day, every 100th customer will receive groceries for free at checkout, the chain said.

The new Fresh Thyme, located at 9920 Lin Ferry Drive in Green Park, is on the site of the former Tesson Ferry Branch of the St. Louis County Library. A ribbon-cutting ceremony is planned for Tuesday afternoon at 3:45 p.m.

Fresh Thyme also has stores in Ballwin, Kirkwood, O'Fallon, Mo., and Fairview Heights. A St. Peters store will open in 2018.

Costco rolls out delivery * Costco Wholesale Corp. has rolled out two new grocery delivery services this week, a new step in its efforts to fight growing competition from Amazon and Wal-Mart, the retailer said in a post-earnings call Thursday.

Costco is offering two-day delivery of dry groceries as well as a same-day delivery service for groceries including fresh foods. The two-day delivery would be free for online orders over $75 across the United States, while the same-day service offered through its partner Instacart is available at 376 U.S. stores.

Kellogg to buy protein bar maker * Kellogg Co. said Friday it is buying Chicago Bar Co., parent of protein bar maker RXBar, for $600 million.

It's a move by the maker of Frosted Flakes and Pop-Tarts to attract consumers who want to avoid sugary process foods. RXBar says its bars are made with egg whites, fruits and nuts, and exclude dairy, soy or gluten.

The deal is expected to be completed by the end of the year.

Pace of consumer borrowing slowed in August * U.S. consumers slowed their borrowing in August to an annual pace of 4.2 percent a pullback from a pace of nearly 7 percent over the past three years. …

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