Hawaii grocer Okimoto Corp. celebrated 75 years in business in 2024, built on a foundation of honesty, integrity, humility and unity. Led by the third generation – Kris, Kyle and Kit Okimoto – the company operates two stores on Oahu and one on Molokai. Kit Okimoto, who in addition to his CFO duties in the […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inNews, C-Store News, Executive News, Finance News, Southwest
Yesway Hires Hampton As Chief Technology Officer
Robert Hampton has joined convenience store chain Yesway as chief technology officer. Reporting to Tom Trkla, chairman, CEO and president, Hampton will lead Yesway’s information technology strategy and oversee all aspects of enterprise technology, digital transformation, cybersecurity and innovation. With more than 20 years of executive technology leadership experience in the retail, convenience and supply […]
Posted inExecutive News, Finance News, Midwest, News
Hormel Foods Appoints Borrelli As EVP Of Retail
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 […]
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 […]