Tuesday, September 18, 2018
Business

Hard to notice, but Tropicana shrank the size of its orange juice containers

You might not be getting as many glasses out of your Tropicana orange juice container these days.

The company is moving from 59-ounce to 52-ounce plastic bottles, a difference of a little less than a cup.

The change is hard to detect. The new containers are the same height and width, but thinner. You can still find the larger containers in some stores but not for much longer.

Tropicana, founded in Bradenton in 1947, said the move affects most of its products that come in the 59-ounce bottle. Competitor Simply Orange made a similar change earlier this year.

MORE BUSINESS: Florida construction projects slowed by lack of enough skilled workers.

Shoppers can be particularly price sensitive when it comes to food items like orange juice. Companies often elect to shrink the size, instead of raising the price. Tropicana appears to have followed that script.

"After recent natural events — including Hurricane Irma — orange crop yields have declined, which had led to increased commodity prices," the company said on its website. "To offset this, we decreased our package size."

Chicago-based PepsiCo bought Tropicana in 1998.

• • •

Tampa’s Peerfit raised another $8 million in its latest round of funding.

This time the investors include Boston Celtics co-owner and CEO Wyc Grousbeck. He joins Tampa Bay Lightning owner Jeff Vinik, Outback Steakhouse founder Chris Sullivan and Colliers International Florida executive chairman Lee Arnold, who invested last year.

Peerfit, which has raised more than $23 million, is a digital platform that allows companies and insurance carriers to offer individualized fitness classes to their clients and employees. So far, its studio network is in 46 states.

"We are thrilled to continue to raise funds from individuals and small groups of like-minded successful business people, without going the more traditional (venture capital) route," Peerfit founder and CEO Ed Buckley said in a statement. "The caliber of investors we continue to add to our table speaks to the quality of the product and service we are building."

In 2014, Peerfit was one of seven health care startups in Tampa to participate in the Healthbox startup accelerator, held at the Tampa Bay WaVE facility.

"We are very glad to partner with Ed and his team, and legendary investor and my good friend Jeff Vinik, on their exciting mission to completely redo and improve corporate and individual wellness," Grousbeck said.

• • •

Tech Data’s stock woes have continued since the Clearwater company failed to meet earnings expectations Thursday.

The share price closed down nearly 14 percent that day. It fell farther Friday and was down slightly Tuesday, finishing at $72.26. (The market was closed on Labor Day.)

MORE BUSINESS: Meet the new(ish) CEO of Tampa Bay’s largest company.

Tech Data, Tampa Bay’s largest public company by revenue, buys computer equipment from major suppliers then ships it to IT customers.

The share price has fallen more than 26 percent since the year began.

RELATED: More business news

Contact Graham Brink at [email protected] Follow @GrahamBrink.

Comments
Maximo Marina, long established on a canal off Boca Ciega Bay, completes a multimillion-dollar renovation

Maximo Marina, long established on a canal off Boca Ciega Bay, completes a multimillion-dollar renovation

ST. PETERSBURG — The $25 million Maximo Marina renovation off Boca Ciega Bay is almost complete, but for a few punch list items.Located in the Skyway Marina District on the city’s southern tip, the facility boasts 212 covered wet slips ...
Updated: 13 minutes ago

Hernando Business Digest for Sept. 21

Briefly EMPLOYERS NEEDED FOR JOB FAIR: Pasco-Hernando State College, CareerSource Pasco Hernando, the Greater Hernando County Chamber of Commerce and Hernando County Office of Economic Development are seeking employers to participate in the Open for...
Updated: 1 hour ago
Pasco Business Digest for Sept. 21

Pasco Business Digest for Sept. 21

Business digest BrieflyOPEN HOUSE, RIBBON-CUTTING: On Aug. 29, the West Pasco Women’s Wellness & Pregnancy Center, 8125 U.S. 19, Port Richey, celebrated its new facility with an open house and ribbon-cutting ceremony. The center provides c...
Updated: 2 hours ago
As Red Tide perseveres, Tampa Bay’s tourism industry feels the sting

As Red Tide perseveres, Tampa Bay’s tourism industry feels the sting

TREASURE ISLAND — For the first time during her 15 years bartending at Caddy’s on the Beach, Amanda Hudson had to help close shop early this past weekend because the smell of dead fish coming from the gulf was too putrid to bare. "We had to shut down...
Updated: 2 hours ago
Pasco County Tax Collector warns businesses about Marlin Financial

Pasco County Tax Collector warns businesses about Marlin Financial

The Pasco County Tax Collector’s office is issuing a warning to local auto dealers: Beware of Marlin Financial. The office will begin circulating a letter Thursday to auto dealers it does business urging them to "think long and hard" before interacti...
Updated: 2 hours ago
New Papa John’s ads emphasize ‘this isn’t a single person’s brand’

New Papa John’s ads emphasize ‘this isn’t a single person’s brand’

Associated PressNEW YORK — Papa John’s, which wants to distance itself from founder John Schnatter, is releasing new ads Tuesday that replace him with a diverse group of franchisees. The commercials show several franchisees looking into the camera a...
Updated: 4 hours ago
Coca-Cannabis? Coke analyzing cannabis in wellness drinks

Coca-Cannabis? Coke analyzing cannabis in wellness drinks

The Coca-Cola Company said Monday it is "closely watching" the expanding use of a cannabis element in drinks, another sign cannabis and cannabis-infused products are getting more acceptance in mainstream culture and a harder look from long-...
Updated: 5 hours ago
St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

ST. PETERSBURG — Mindy Grossman, the former HSN chief who now heads Weight Watchers International, has put her Beach Drive condo on the market at the hefty price of $3.95 million.The three-bedroom, three-and 1/2 bath unit on the 24th floor of Ovation...
Updated: 5 hours ago
St. Petersburg ranks best in Florida for immigrant inclusivity

St. Petersburg ranks best in Florida for immigrant inclusivity

ST. PETERSBURG — A new study singles out St. Petersburg as the top-ranked city in Florida for promoting the economic well-being of immigrants, but Mayor Rick Kriseman thinks more can be done.Kriseman on Monday celebrated the city’s No. 13 ranking nat...
Published: 09/17/18
Mayo and ketchup mixers, rejoice: Bottled ‘Mayochup’ is coming soon

Mayo and ketchup mixers, rejoice: Bottled ‘Mayochup’ is coming soon

Get your french fries ready: Heinz is set to roll out its newest condiment in the United States very soon.The latest addition to the company’s product lineup is Mayochup. It’s comprised of -- you guessed it -- mayonnaise and ketchup. Back in April, H...
Published: 09/17/18