Safeway said Wednesday afternoon that it is in discussions concerning a possible sale of the company. “Although the discussions are ongoing, the company has not reached an agreement on a transaction, and there can be no assurance that these discussions will lead to an agreement or a completed transaction,” the company said during a fourth […]
Category: Corporate Store News
Posted in, Corporate Store News, Southeast
Ingles’ Net Sales Increase, But Income And Same-Store Sales Down
Ingles Markets has reported net sales of $945.1 million for its first fiscal quarter ended Dec. 28, 1.1 percent higher than last year’s first fiscal quarter ended Dec. 29, 2012 ($935.0 million). Net income totaled $9.5 million for the December 2013 quarter compared with net income of $11.6 million for the quarter ended December 2012. “We wanted […]
Posted in, Corporate Store News, Midwest
Meijer Offers Kids A Chance At Co-Starring Role In New Commercial
Meijer is offering its younger customers a chance for a co-starring role in an upcoming television commercial at the cost of 1 cent. The commercial is scheduled to debut across the Midwest retailer’s five-state footprint in 2014; it will feature images of children riding its iconic penny horse, Sandy, over several generations. Meijer is asking […]
Posted in, Corporate Store News, National
Whole Foods Debuting ‘Dark Rye’ TV Series Tonight On Pivot
Whole Foods Market and Pivot, Participant Media’s TV network targeting Millennials, is launching a television series called “Dark Rye.” The first episode, hosted by Kirk Lombard, a Bay Area fisherman and forager, airs at 9:30 p.m. (ET) tonight. Dark Rye was created as an online magazine by Whole Foods Market in 2012. The publication, through […]
Posted in, Corporate Store News, National
Kroger, Harris Teeter Deal To Close Sooner Than Expected
The Federal Trade Commission has granted early approval regarding The Kroger Co.’s acquisition of Harris Teeter Supermarkets Inc. The deal, valued at about $2.5 billion, is expected to close by the end of January. The original close date was scheduled for early February. Kroger and Harris Teeter in July announced the definitive merger agreement, which […]
Posted in, Corporate Store News, National
Whole Foods Commits $25M In Funding For Loans To Local Producers
Whole Foods Market says its Local Producer Loan Program (LPLP) has reached the initial goal of funding $10 million in low-interest loans to local and independent food businesses, and has now committed up to $25 million in funding. The LPLP has provided 184 loans to 155 companies since its inception in 2007. In providing easier […]
Posted in, Corporate Store News, West
Gelson’s Parent To Sell To TPG Investment Firm For $394M
Arden Group Inc., parent of Gelson’s Markets, an operator of 17 full-service specialty grocery stores in Southern California, has entered into a definitive agreement to be acquired by TPG, the global private investment firm, in an all-cash transaction valued at approximately $394 million. Under the terms of the agreement, Arden Group’s shareholders will receive $126.50 […]
Posted in, Corporate Store News, Southeast
Ingles Reports 49th Consecutive Year Of Sales Growth
Ingles Markets Inc. on Monday reported record sales of $3.74 billion for fiscal 2013, its 49th consecutive year of sales growth. Net income for the fourth quarter totaled $15.6 million, 17.2 percent higher than net income of $13.3 million for the fourth quarter of fiscal 2012. For the full fiscal years, net income was $20.8 […]
Posted in, Corporate Store News, Northeast
Tops Friendly Markets Returns To Local Ownership
Tops Friendly Markets, a leading full-service grocery retailer in upstate New York, northern Pennsylvania and western Vermont, said today that the previously announced acquisition of Tops Holding II by a group of senior managers of the company led by Tops President and CEO Frank Curci closed on Dec. 1. During the past six years under […]
Posted in, Corporate Store News, Southeast
Danfoss Names Winn-Dixie Its Fourth EnVisioneer Of The Year
Danfoss, a leading manufacturer of high efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration and motion systems, has recognized supermarket chain Winn-Dixie as the winner of its fourth annual EnVisioneer of the Year award. Winn-Dixie, a subsidiary of Bi-Lo Holdings, the ninth-largest conventional supermarket chain in the U.S. based on net sales, […]
Posted in, Corporate Store News, Midwest
Spartan Stores, Nash Finch Co. Merge To Become SpartanNash
Spartan Stores and Nash Finch Co. announced their intention to merge over the summer in an all-stock merger valued at approximately $1.3 billion, including existing net debt at each company. That merger is now official after a vote by shareholders held Monday. More than 99 percent of Spartan Stores shareholders and more than 98 percent of Nash […]
Posted in, Corporate Store News, Southwest
H-E-B First Company To Be Inducted Into Texas Business Hall Of Fame
During the 31st annual induction dinner, the Texas Business Hall of Fame Foundation honored H-E-B as one of this year’s inductees. This was the first time that a company, rather than an individual, was inducted into the Hall of Fame. “We are honored to receive this award,” said Craig Boyan, H-E-B president and COO. “It’s […]
Posted in, Corporate Store News, Northeast
Wegmans Becomes First Retailer To Join Plastic Film Recycling Group
The American Chemistry Council (ACC) says that Wegmans Food Markets Inc. has joined the association’s Flexible Film Recycling Group (FFRG). Wegmans is the first retailer to join the FFRG, a self-funded group in ACC’s Plastics Division dedicated to driving growth in polyethylene film recovery. Wegmans is a family-owned regional supermarket chain based in Rochester, N.Y., […]
Posted in, Corporate Store News, Midwest
Spartan Stores Converting One Banner, Slowing Growth Of Another
by Terrie Ellerbee/associate editor The company that will result from the merger of Spartan Stores and Nash Finch Co. will without doubt have one thing in abundance: brands. Plans are to begin integrating the two companies before the end of the calendar year, as shareholder approval is pending but expected. Edina, Minn.-based Nash Finch operates […]
Posted in, Corporate Store News, Southwest
United To Extend Military Discount Due To Government Shutdown
United Supermarkets LLC is extending its Military Discount Wednesdays program to seven days a week until further notice as a result of the federal government’s partial shutdown and the subsequent closure of military base commissaries. The program will offer a 10 percent discount on grocery purchases for all active, retired and civilian military at all […]
Posted in, Corporate Store News, West
Stater Bros. Gives $50K To CFF
Stater Bros. Charities, the charitable arm of Stater Bros. Markets, presented a $50,000 check to the Cystic Fibrosis Foundation (CFF) earlier this week. The presentation was made at the San Bernardino, Calif.-based company’s Baker store. “Stater Bros. Charities is glad to support the advanced efforts by the Cystic Fibrosis Foundation to find a cure and […]
Posted in, Corporate Store News, West
Stater Bros. Exec Mike Slaton Sr. Dies At Age 51
Mr. Mike Slaton Sr., VP of real estate at Stater Bros. Markets, died suddenly on Saturday, Sept. 28. He was 51 years old. As a tribute to Mr. Slaton, the new 44,000-s.f. Stater Bros. Supermarket that opened last week in Redlands, Calif., will be dedicated in his honor. “Mike was a very loyal and committed […]
Posted in, Corporate Store News, National
Safeway Adopts ‘Poison Pill’ To Thwart Unwanted Takeover
After becoming aware of an accumulation of a significant amount of the common stock of the company, Safeway’s board of directors adopted a one-year stockholder’s rights plan. Referred to as a “poison pill,” the measure is designed to thwart takeover attempts by diluting the holdings of an investor if its stake exceeds a set threshold. […]
Posted in, Corporate Store News, Midwest
Cub Foods Celebrates 45 Years In Minnesota
The year 1968 is often regarded as a turning point in American history. In Minnesota, it marked the opening of Minneapolis’ Nicollet Mall, the iconic, closed-to-traffic outdoor shopping and office venue. It also was the year Vice President and former Minnesota Sen. Hubert Humphrey ran for president after securing the Democratic nomination over Minnesota Senator […]
Posted in, Corporate Store News, Southwest
United Changes Name As Part Of Strategic Branding Initiative
United Supermarkets LLC is changing the name of its parent company as the result of a strategic branding initiative for the entire organization. Moving forward, United Supermarkets LLC will be known as The United Family, reflecting the company’s multiple store brands as well as its family history. As part of the branding initiative, The United […]