Whole Foods Market said during its earnings call Wednesday that it will close nine stores in the second quarter. According to John Mackey, co-founder and CEO, the company has been moderating its lease signings and capital expenditures over the last two years. “We are also continually evaluating stores on a case-by-case basis, balancing the age, […]
Category: Corporate Store News
Posted in, Corporate Store News, Deli News, Home Page Latest News, National
Kroger Buys Murray’s Cheese, Including NYC Flagship Shop
The Kroger Co. has purchased Murray’s Cheese, as well as its flagship location on Bleecker Street in New York City. Financial terms of the deal were not disclosed. “For cheese lovers and connoisseurs, it doesn’t get more authentic than Murray’s,” said Rodney McMullen, Kroger’s chairman and CEO. “Our customers are excited to buy the unique […]
Posted inIngles Markets, Corporate Store News, Home Page Latest News, Southeast
Ingles’ First Quarter Same-Store Sales Up 1.8 Percent
Ingles Markets on Thursday reported higher sales and net income for the three months ended Dec. 24, 2016, compared with the same three months in the prior year. Total sales rose 3.3 percent over the comparative quarters. Net income totaled $13.8 million for the company’s first quarter of fiscal 2017 vs. $13.0 million in the […]
Posted inCorporate Store News, Albertsons, Grocery Industry, Home Page Latest News, National
Albertsons Touts Accomplishments On Two-Year Anniversary Of Safeway Acquisition
Albertsons Cos. says it has grown its workforce by 10 percent, creating 26,000 jobs, since it acquired Safeway two years ago. In addition, the grocery chain says it has built or acquired 174 locations; increased healthy food and financial donations; and elevated its commitment to sustainability. “We added an exceptional class of talented employees to […]
Posted inCorporate Store News, Home Page Latest News, National, Store News
As Merger Agreement Is Extended, Walgreens Must Divest More Stores In Order To Acquire Rite Aid
Walgreens Boots Alliance and Rite Aid Corp. on Monday have extended their previously announced definitive merger agreement under which Walgreens Boots Alliance will acquire Rite Aid. The agreement extends the time period in which the companies can obtain regulatory approval to merge from Jan. 27 to July 31, 2017. Under the terms of the amendment, […]
Posted inCorporate Store News, Executive News, Grocery Industry, Home Page Latest News, Southeast, Store News
Kroger Names New President For Mid-Atlantic Division As Fey Readies To Retire
The Kroger Co.’s Mid-Atlantic Division President Joe Fey will retire Feb. 10 after more than four decades with the grocer. Jerry Clontz, currently SVP of operations for the company’s Harris Teeter subsidiary, will succeed him. The supermarket chain’s Mid-Atlantic Division is based in Roanoke, Virginia; it includes the Richmond, Roanoke, Hampton Roads/Virginia Beach areas of […]
Posted inCorporate Store News, Home Page Latest News, Midwest
Price Chopper Becomes Kansas City Royals’ New Grocery Sponsor
The Kansas City Royals have picked up a new long-term sponsor in Price Chopper, and the supermarket chain now is the “Official Grocer of the Kansas City Royals.” The news comes after an announcement in December that Hy-Vee did not renew its contract with the Major League Baseball team following a 15-year sponsorship. To celebrate […]
Posted in, Corporate Store News, Grocery Industry, Home Page Latest News, Independent Store News, West
Save-A-Lot Shuttering Operations In California, Nevada
Save-A-Lot will close all of its stores in California and Nevada. The company, which Supervalu sold to an affiliate of Onex Corp. for $1.365 billion in cash in December, said in a statement Jan. 19 that the decision was made “after rigorous review and analysis.” Thirteen corporate locations, a retailer-owned store and the company’s Rancho distribution […]