Every independent and regional grocer knows the math. Net margins run between 1% and 3%, which means that on a $10 million store, you’re working with $100,000 to $300,000 of breathing room before you’re underwater. Operators spend enormous energy managing the front end to protect those numbers, tightening promotional spend, auditing shrink, and fine-tuning labor […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inNews, Finance News, National
FMS Solutions’ 2nd Profit Summit For Independents Coming This Fall
FMS Solutions, a financial management company serving independent grocery operators and restaurants, has announced its second annual FMS Profit Summit, set for Oct. 6-8 at Tapatio Springs Hill Country Resort in Boerne, Texas. The two-day event covers financial benchmarking, labor management, shrink reduction and the state of the independent grocery industry. Attendees will have direct […]
Posted inFinance News, Featured News, National, News, The Kroger Co.
Kroger To Acquire Giant Eagle In $1.65B Deal
The Kroger Co. has announced its intention to acquire Giant Eagle, a family-owned food and pharmacy retailer, for $1.65 billion.
Posted inFinance News, Association News, Featured News, National, News
NGA Adds 2 VPs To Government, Finance Leadership Teams
The National Grocers Association (NGA) has appointed Macy Lemon as VP of state government affairs and Mark McLaughlin as VP of finance and administration. Macy Lemon Lemon will lead NGA’s state government affairs strategy, working with state legislatures, governors’ offices, coalitions and state partners to advance policies that support independent supermarkets and the communities they […]
Posted inFinance News, Executive News, Featured News, Midwest, News, Schnucks
Schnuck Jr. Named CFO For 1939 Group Inc.
Todd Schnuck Jr. succeeds David Bell as CFO and will report to him, following Bell’s transition to president of 1939 Group late last year.
Posted inFinance News, National, News, Online Grocery Technology
Ottimate Launches First MCP Integration Among AP Platforms
Ottimate, an artificial intelligence-powered accounts payable automation platform serving invoice-heavy industries including grocery and foodservice, has announced the first Model Context Protocol integration in the market, enabling finance leaders to bring AP data directly into large language models for financial insights. The announcement is part of Ottimate’s 2026 summer release, which also includes enhancements to […]
Posted inFinance News, News
Thin Margins, Rising Fraud: Why Grocers Are Automating The Back Office
Grocery retailers are facing cost pressures from nearly every direction, and according to Dan Kim, chief financial officer of accounts payable automation platform Ottimate, too many of them are absorbing those costs without the visibility to see where the money is going. Kim, who has served as Ottimate’s CFO since 2023 after a career spanning […]
Posted inGuest Contributors, Featured News, Finance News, Grocery Store Equipment, National, News
Hidden Profit: The Power Of Knowing Your Store
My colleague Peter Cooke and I are approaching a combined 40 years of helping food retailers improve their operations and, ultimately, their profit. For many of these years, this was represented by best sustainable practices or a similar vernacular. Regardless of the outside wrapper, we helped real retailers – real people – identify and capture […]