Ten years ago, in the year 2000, the food-retailing industry was in a state of upheaval. A wave of consolidation had created supermarket giants with a scale built to rival Wal-Mart, the once-hot Internet-grocery segment appeared ready to flame out, and home-meal replacement was all the rage. Ten years later, the landscape has changed significantly — the consolidation race has slowed to a relative crawl, the online model has shifted, and home-meal replacement has evolved from a small ...

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