Minneapolis-based Supervalu on Wednesday reported second quarter fiscal 2016 net sales of $4.06 billion and net earnings from continuing operations of $31 million, or $0.11 per diluted share, which included $6 million in after-tax costs related to the potential separation of Save-A-Lot and severance costs. When adjusted for these items, second quarter fiscal 2016 net […]
Category: Corporate Store News
Posted in, Albertsons, Corporate Store News, Southwest, Store News
Reports: Brookshire’s Exploring Sale
Numerous media outlets are reporting that Brookshire Grocery Co. (BGC) is exploring a sale of its more than 150 stores in Texas, Louisiana and Arkansas. The sale of the East Texas-based chain could value Brookshire’s at as much as $1 billion, including debt, according to one report. Representatives for the company reportedly told local news […]
Posted in, Corporate Store News, Executive News, Southwest
Biggs To Succeed Holley As Walmart’s CFO
Brett Biggs will succeed Walmart CFO Charles Holley, who has elected to retire. The change takes effect Dec. 31. Holley will stay on until Jan. 31, 2016, to help with the transition. Holley, 59, has served as Walmart’s EVP and CFO since December 2010. Since January 2014, Biggs has served as EVP and CFO of Walmart […]
Posted in, Aldi, Corporate Store News, National, Store News
Aldi Reformulating Exclusive Brand Food Products
Discount grocer Aldi has removed certified synthetic colors and partially hydrogenated oils, as well as removed added MSG, from all of its exclusive brand food products. The announcement is part of the company’s efforts to expand store offerings and address customers’ preferences and needs about particular ingredients in their food. With 90 percent of Aldi […]
Posted in, Corporate Store News, Shelby Originals, Shelby Signature Content, Southwest, Special Section, Store News
Special—H-E-B At 110: From Humble Beginnings To A Texas Icon
It was Nov. 26, 1905, to be exact, when Florence Butt opened the C.C. Butt Grocery Store with her savings of $60 to support her ailing husband and three children. For $9 a month, she leased the 450-s.f. store on the ground floor of a small frame building on Main Street in Kerrville, Texas. Sales […]
Posted in, Corporate Store News, West
NorCal Chains Reach Tentative Agreements With Union
UFCW 8-Golden State has reached tentative contract agreements with both Safeway and Vons in California markets, the union announced Sept. 23. The tentative agreements were signed with Safeway stores in Northern and Central California and Vons in Fresno. The four-year agreement with Safeway “protects and enhances” the wages, benefits and workplace standards for about 9,000 […]
Posted in, Corporate Store News, West
Smart & Final Stores Elects Two New Directors
Smart & Final Stores has elected Paul N. Hopkins and Kenneth I. Tuchman to its board of directors. Dave Hirz, president and CEO, said, “I’m pleased that Paul and Ken are joining our board of directors, adding extensive and diverse strategic expertise that will complement our current board and support the Smart & Final leadership […]
Posted in, Corporate Store News, National, Store News
Kroger Marks 47th Quarter Of Positive ID Supermarket Sales
The Kroger Co. on Friday reported record results for its fiscal 2015 second quarter, marking the company’s 47th quarter of positive identical supermarket sales growth, excluding fuel. ID sales were up 5.3 percent, without fuel. The Cincinnati-based grocer’s net earnings were $433 million, or $0.44 per diluted share. Net earnings in the same period last […]