Smithfield Foods has entered into a merger agreement to acquire Nathan’s Famous Inc. for $102 per share in cash, representing an enterprise value of about $450 million. The transaction will secure Smithfield’s rights to the all-beef hot dog brand into perpetuity. The company has held an exclusive license from Nathan’s Famous since March 2014 to […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inGrocery Research, Finance News, National, News
Report: Traditional Grocers Losing Shoppers As Fragmentation Accelerates
Traditional grocers are losing their most valuable shoppers in a shift that appears permanent, according to new data from AlixPartners released Jan. 21. Fewer than half of consumers in the survey — 49 percent — say they spent most of their grocery budget at traditional grocers like Kroger, Albertsons, H-E-B and Wegmans in 2025, down […]
Posted inNews, Finance News, Northeast, Wakefern
Wakefern Supermarket Banners To Host Job Fairs Jan. 31
Wakefern Food Corp. supermarket banners ShopRite, Price Rite Marketplace, The Fresh Grocer, Gourmet Garage and Fairway Market are holding a series of walk-in hiring fairs Jan. 31. From 11 a.m. to 2 p.m., participating stores across New Jersey, New York, Pennsylvania, Connecticut, Delaware, Maryland, Massachusetts and Rhode Island will host in-store recruitment events for full-time, […]
Posted inExecutive News, Finance News, Marketing News, National, News
Expana Appoints Harris As CEO, Succeeding Wicks
Expana has appointed Julie Harris as CEO effective Jan. 26, succeeding Spencer Wicks, who will retire Jan. 23 after more than seven years leading the agrifood-focused price reporting agency and market intelligence provider. Harris joins Expana from IWSR, the beverage-alcohol data and insight provider, where she served as CEO and led the company through major […]
Posted inCenter Store, Finance News, National, News
B&G Foods Wins Del Monte Broth Brands For $110M In Bankruptcy Auction
B&G Foods has agreed to acquire Del Monte Foods’ broth and stock business, including the College Inn and Kitchen Basics brands, for about $110 million in cash following a competitive bankruptcy auction. The transaction emerged from Del Monte Foods Corporation II’s Chapter 11 bankruptcy proceedings, where B&G Foods prevailed as the winning bidder for the […]
Posted inPrivate Label Brands, Association News, Finance News, National, News
U.S. Private Label Sales Hit Record $282.8B In 2025
U.S. store brand sales reached a record $282.8 billion in 2025, climbing 3.3 percent compared to 1.2 percent growth for national brands, according to year-end Circana Unify+ data released Jan. 20 by the Private Label Manufacturers Association (PLMA). The $9 billion increase marks store brands’ continued momentum in capturing market share across all retail channels. […]
Posted inIndependent Store News, Finance News, Home Page Slider, International Foods, News, Retailers, West
99 Ranch Market Expanding In Vegas With Summerlin Store
99 Ranch Market plans to open its second Las Vegas location Jan. 24 in the upscale Summerlin neighborhood. The 50,000-square-foot store at Boca Park Plaza, located at 820 S. Rampart Blvd., marks the company’s 66th location nationwide, covering 11 states. According to the company, the opening comes at a strategic time for both 99 Ranch […]
Posted inExecutive News, Finance News, Harps Food Stores, Independent Store News, News, Southwest
Harps Food Stores Announces New Leadership Across Company
Harps Food Stores has made several leadership appointments following the retirement of Randall Harp, who served as VP of warehouse operations and grocery procurement. The promotions include Shannon Kincade to VP of center store merchandising, Josh Cleveland to director of grocery retail management, Mike J. Roberts to director of warehouse operations and Ashley Winget to […]