Target says repositioning its grocery segment, among other categories, is one way it plans to “transform” its business. At a meeting earlier this month for the investor community, Target Corp. Chairman and CEO Brian Cornell and members of his leadership team presented the vision and strategies that they say will drive that transformation. “Following a […]
Category: Corporate Store News
Posted in, Corporate Store News, West
Sprouts Announces Launch Of Public Offering By Selling Stockholders
Phoenix, Arizona-based Sprouts Farmers Market has announced the launch of a public offering of 15,847,800 shares of its common stock held by affiliates of Apollo Global Management. The affiliates of Apollo will be the only selling stockholders. The company will not issue shares in the offering and will not receive any proceeds from the sale of the […]
Posted in, Corporate Store News, West
Former Hawaii Food Executive Godfrey Passes Away
Mr. Roger Godfrey, who had an impressive career in Hawaii’s food industry, died Thursday. He was in his early 80s. Details about his death and funeral arrangements were not available at the time of this report. According to a 2012 story about Mr. Godfrey when he was inducted into the Hawaii Food Industry Association’s Hall […]
Posted in, Corporate Store News, National, Suppliers
Wegmans Makes Top 10 On Fortune’s Latest ‘100’ List, Other Grocers Also Rank
Several food retailers and food companies have made Fortune’s 2015 “100 Best Companies to Work For” list. Rochester, New York-based Wegmans Food Markets cracked the top 10 at No. 7. Another privately owned grocer, Nugget Market of Woodland, California, placed 26th on the list. QuikTrip, also a private company headquartered in Tulsa, Oklahoma, came in […]
Posted in, Corporate Store News, National
Kroger Marks 45th Consecutive Quarter Of Positive ID Stores Sales
The Kroger Co. has reported its 45th consecutive quarter of positive identical supermarket sales growth, excluding fuel—as the grocer reported its fourth quarter and fiscal year 2014 results on Thursday. The company reported fourth quarter identical supermarket sales growth, without fuel, of 6.0 percent. “2014 was an outstanding year by all measures,” said Kroger Chairman […]
Posted in, Corporate Store News, Northeast
Weis Markets’ Sales Up, But Net Income Down In 4Q And 2014
Weis Markets on Tuesday reported that its fourth quarter sales increased 4.0 percent to $713.8 million while its comparable store sales increased 3.5 percent. During the 13-week period ending Dec. 27, the Sunbury, Pennsylvania-based company’s earnings per share totaled $0.51 compared to $0.59 for the same period in 2013. The company’s fourth quarter net income […]
Posted in, Amazon Fresh, Corporate Store News, National, Whole Foods
Publix, Aldi And H-E-B Earn Top Customer Experience Ratings
Based on a study of 10,000 U.S. consumers, Publix, Aldi and H-E-B earned the highest scores in the 2015 Temkin Experience Ratings that ranks 293 companies across 20 industries. Joining those firms in the top 12 spots are Chick-fil-A, PetSmart, Amazon.com, Trader Joe’s, USAA, credit unions, Papa John’s, Walgreens and Hannaford. While supermarket chains, fast […]
Posted in, Corporate Store News, Executive News, Northeast
Stop & Shop New England President Kelley Resigns
Joe Kelley, president of the Stop & Shop New England division, has resigned, effective immediately. Stop & Shop’s parent company, Ahold USA, says Kelley is leaving to pursue other career opportunities. Don Sussman, division president of Stop & Stop New York Metro, also will oversee the Stop & Shop New England division on an interim basis. […]