Supervalu on Jan. 13 reported third quarter fiscal 2016 net sales of $4.11 billion and net earnings from continuing operations of $35 million, or $0.13 per diluted share, which included $11 million in after-tax charges and costs related to asset impairments, the potential separation of Save-A-Lot and employee severance. When adjusted for these items, third […]
Category: Corporate Store News
Posted in, Corporate Store News, National, Store News
Walmart To Increase Pay For One Million Employees This Year
Just days after it announced that it would close 154 U.S. stores, Walmart says more than 1.2 million Walmart U.S. and Sam’s Club associates will receive a pay increase under the second phase of the company’s two-year, $2.7 billion investment in workers. The pay raise, which takes effect Feb. 20, will be one of the […]
Posted in, Corporate Store News, Executive News, Southeast
Publix Announces Executive Changes Following Crenshaw/Jones News
Just days after Publix Super Markets announced the upcoming retirement of its 65-year-old CEO, Ed Crenshaw, and the promotion of company President Todd Jones, 53, to that role, Publix has promoted several others. With Jones’ promotion to president and CEO, CFO David Phillips will assume additional responsibilities and be promoted to EVP and CFO. Miami […]
Posted in, Corporate Store News, Grocery Industry, National
Walmart Closing 154 U.S. Stores
Walmart said Jan. 15 that it will close 269 stores globally; 154 of them are in the U.S. The U.S. stores that will close include the company’s 102 smallest format stores, Walmart Express, which had been in pilot since 2011. Walmart said it will instead focus on its supercenters, Neighborhood Markets and growing its e-commerce […]
Posted in, Albertsons, Corporate Store News, Southwest, Store News
United Family Marks 100th Anniversary This Year, Kicks Off Festivities This Weekend
For The United Family, 2016 marks a historic year, as United Supermarkets celebrates the store’s 100th anniversary. What began as United Cash Store in Sayre, Oklahoma, in 1916 has grown into a multi-banner, Texas-based grocery chain with 66 stores in 36 communities. Today, The United Family operates United Supermarkets, Market Street, Albertsons Market and Amigos […]
Posted in, Corporate Store News, Executive News, Southeast
Publix’s Crenshaw To Retire, New CEO Named
Publix Super Markets CEO Ed Crenshaw today said he plans to retire as the company’s CEO on April 30. Publix President Todd Jones will succeed Crenshaw. Crenshaw began his Publix career in 1974 as a front-service clerk in Lake Wales, Florida. After working in a variety of retail and support positions, he was promoted to director […]
Posted in, Corporate Store News, Executive News, Grocery Industry, Midwest, Store News
Hy-Vee Promotes Marshall To COO, Names 2016 Board Of Directors
Hy-Vee EVP and Chief Retail Officer Jay Marshall has been promoted to COO of the West Des Moines, Iowa-based grocery company. He becomes only the fourth person in the grocer’s history to hold the title. Marshall will retain all responsibility for retail operations and store development and will assume responsibility for all merchandising areas in […]
Posted in, Corporate Store News, Executive News, West
Fred Meyer Gets New President As Gust Retires After 45 Years
Lynn Gust, president of Fred Meyer Stores, will retire Jan. 31 after 45 years of service to The Kroger Co., which owns the banner. Jeff Burt, who currently serves as president of Kroger’s Central Division, will succeed Gust. Fred Meyer is based in Portland, Oregon, and operates 132 stores in Alaska, Idaho, Oregon and Washington. […]