Hormel Foods Corp. has named Domenic Borrelli EVP of retail, effective Feb. 23. In this role, Borrelli will oversee the retail business unit, which includes many of the company’s most recognized consumer brands and represents one of its largest growth engines. “[Borrelli] has a proven track record of creating consumer-driven growth in well-established, legacy businesses […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inOnline Grocery Technology, Finance News, News, West
Afresh Appoints Litle Chief Revenue Officer To Scale AI Platform
Afresh has appointed Adam Litle chief revenue officer following the company’s largest year to date, with more than 70 percent year-over-year growth and usage across more than 12,000 grocery departments in North America. Litle joins a leadership team with deep experience operating enterprise software companies through periods of rapid growth. In the past year, San […]
Posted inProduce News, Finance News, News, Southeast
Fresh Del Monte Named Winning Bidder To Acquire Del Monte Foods Assets
Fresh Del Monte Produce Inc. (NYSE: FDP) has been named the successful bidder to acquire select assets of California-based Del Monte Foods Corporation II Inc. for a purchase price of $285 million, plus assumption of certain liabilities, through a court-supervised sale under Section 363 of the U.S. Bankruptcy Code. The transaction remains subject to court […]
Posted inOnline Grocery Technology, Finance News, Independent Store News, Northeast, Retail Media, Southeast
Key Food Partners With Swiftly To Modernize Digital Shopper Experience
Key Food Stores Co-Operative, a chain of more than 460 family-owned and -operated supermarkets across eight Northeast states, has partnered with Swiftly to transform its digital ecosystem and tap new retail media revenue streams. Through the collaboration, Key Food will leverage Swiftly’s App & Web platform with integrated Alcohol Cashback solutions to enhance shopper engagement. […]
Posted inExecutive News, Corporate Store News, Finance News, National, News, Walmart
Walmart Shares Executive Leadership Changes
Walmart Inc. (Nasdaq: WMT) has announced several executive leadership changes designed to fuel innovation and drive the new era of retail, with all appointments effective Feb. 1. The board of directors has elected new leaders to its executive council, and incoming President and CEO John Furner shared additional organizational changes. “Over my 32 years with […]
Posted inProduce News, Finance News, National, News, West
Mission Produce To Acquire Calavo Growers In $430M Deal
Mission Produce Inc. (NASDAQ: AVO) and Calavo Growers, Inc. (NASDAQ: CVGW) have entered into a definitive agreement under which Mission will acquire Calavo in a cash-and-stock transaction. The transaction would give Mission entrée into the high-growth prepared food segment, complementing its avocado business with Calavo’s value-added, avocado-based prepared foods. In addition to a variety of ready-to-eat […]
Posted inCorporate Store News, Ahold Delhaize, Finance News, National, News
2 Grocers Garner Top Employer Certification For Workplace Excellence
Lidl US and Ahold Delhaize USA have earned Top Employer certification for 2026, making them the only U.S.-based grocery retailers recognized by the Amsterdam-based Top Employers Institute for workplace excellence this year. The certifications acknowledge both companies’ human resources practices and organizational culture. The Top Employers Institute evaluates companies based on participation and results from […]
Posted inOnline Grocery Technology, Feature, Finance News, News, West
Swiftly’s Audience Optimizer Offers Retailers Digital Tools For Success
The Shelby Report recently visited with Swiftly, a Seattle-based retail technology platform, to learn more about its new Audience Optimizer, a tool designed to help brick-and-mortar retailers transition their marketing efforts from traditional print circulars to targeted digital campaigns. Sean Turner, co-founder and chief technology officer of Swiftly, said the platform provides retailers with digital […]
Posted inExecutive News, Beverage News, Finance News, News, Southeast
The Coca-Cola Co. Reshapes Leadership Ahead Of CEO Transition
The Coca-Cola Co. announced a series of leadership changes to accelerate digital transformation and strengthen regional focus, with all appointments effective March 31. The Atlanta-based beverage company established a new chief digital officer position and reorganized market leadership in Asia, Africa and the Middle East. Sedef Salingan Sahin, currently president of Coca-Cola’s Eurasia and Middle […]
Posted inCorporate Store News, Finance News, National, News
The Fresh Market To Open 7 New Stores
The Fresh Market has unveiled an investment plan of about $600 million for 2026, with seven new stores planned. The announcement came during Cencosud’s Cenco Day 2026 event, held for the first time in Buenos Aires, where Cencosud shared its outlook for the year ahead. For 2026, the company expects consolidated revenues of $18.4 billion […]
Posted inExecutive News, Finance News, KeHE Distributors, National, News, Wholesaler/Distributor News
KeHE Adds Former Comcast President Steven A. White To Board
KeHE Distributors has appointed Steven A. White to its board of directors, effective Feb. 1. White brings extensive consumer packaged goods and distribution experience from leadership roles at PepsiCo and Colgate-Palmolive. He most recently served as president and special counsel to the CEO at Comcast, where he supported enterprise leadership development, digital equity initiatives and […]
Posted inCorporate Store News, Finance News, Food Lion, News, Southeast
Food Lion Plans 4 Store Openings Across The Carolinas
Food Lion will open four stores across North and South Carolina in the first quarter, extending the Ahold Delhaize banner’s footprint in its core Southeast market. The Salisbury, North Carolina-based grocer announced the expansion Jan. 15, with the first location opening six days later in Pontiac, South Carolina. The openings mark continued growth for the […]
Posted inIndependent Store News, Finance News, News, Stater Bros. Markets, West
Stater Bros. Expands Partnership With Afresh
Stater Bros. Markets is scaling its partnership with Afresh Technologies, extending AI-driven inventory management beyond produce into additional fresh departments while implementing distribution center (DC) forecasting. The expansion follows strong results from the 171-store California chain’s recent produce deployment, which it said reduced shrink and improved product availability. The combined system connects real store demand […]
Posted inOnline Grocery Technology, Finance News, Grocery Store Equipment, National, News
Simbe Introduces Improved Tally 4.0 Shelf-Scanning Robot
Simbe has launched Tally 4.0, the fourth generation of its autonomous shelf-scanning robot, featuring up to 12 hours of runtime and enhanced computer vision capabilities powered by NVIDIA’s AI infrastructure. The San Francisco-based company announced the release Jan. 12, with units available to customers starting mid-2026. The new platform builds on a decade of deployments […]
Posted inCorporate Store News, Finance News, News, Walmart, West
Walmart Opens New Supercenter In Eastvale, CA
Walmart has opened its first supercenter in Eastvale, California, marking the retailer’s entry into one of the state’s fastest-growing communities. The 170,000-square-foot store at 14100 Limonite Ave. held a ribbon-cutting ceremony at 7:30 a.m. Jan. 14 before welcoming customers at 8 a.m. The store created about 300 jobs in the Inland Empire city, which has […]
Posted inOnline Grocery Technology, Finance News, National, News
SPINS Acquires MikMak To Expand Shopper Engagement
SPINS has acquired MikMak, a move the company said will expand its capabilities in shopper engagement, commerce intelligence and omnichannel activation across physical, digital and emerging agentic commerce environments. According to SPINS, the acquisition accelerates its ability to enable and measure shopper engagement throughout increasingly complex buying journeys. As consumers move between social media, digital […]
Posted inCorporate Store News, Aldi, Finance News, National, News
Aldi To Open 180 Stores In 2026, Enter Maine
Aldi U.S. plans to open more than 180 stores by the end of 2026, as the grocer begins its 50th year in the U.S. The Batavia, Illinois-based retailer also is sharing a look into its growth plans over the next five years, including entering Maine, continued growth in Southeast and West and plans to open […]
Posted inOnline Grocery Technology, Finance News, National, News
Toast Enhances Retail Capabilities With AI-Powered Insights, Tools
Toast has introduced a suite of updates designed to deliver precision insights, actionable recommendations and operational efficiency for retailers using its commerce technology, including enhanced capabilities within the Toast IQ AI assistant. The latest platform enhancements, showcased for retail operators ahead of the 2026 National Retail Federation (NRF) Show, add new AI-driven features enabling retailers to […]
Posted inIndependent Store News, Association News, Finance News, National, News, Organic Natural
INFRA Shares Executive Leadership Promotions To Support Growth
INFRA, a nationwide purchasing cooperative of independent natural food retailers and a leader in the natural foods industry, has shared two executive leadership promotions, reflecting the organization’s continued growth and deepened focus on serving its members. Danelle Rydel has been promoted to chief of member operations, while Jen LaValley has been promoted to CFO. “These […]
Posted inProduce News, Finance News, National, News
Avocados From Mexico Projects 2.5B Pounds For 2025-26 Season
Avocados From Mexico is projecting a record-breaking 2.5 billion pounds of Mexican avocado imports to the U.S. during the 2025-26 season, marking the highest volume Mexico has ever supplied to the U.S. market. The organization said about 280 million pounds of Mexican avocados are projected to be available for the Big Game alone, another record-setting […]