Looma, an in-store retail media platform, has raised $13 million in new capital to accelerate expansion of its digital media network, including a rollout into nearly 600 Kroger stores nationwide. The funding includes $10 million in Series B investment led by Staley Capital and a $3 million credit facility from Silicon Valley Bank, a division […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inExecutive News, Center Store, Finance News, Midwest, News
Kraft Heinz Names Cahillane CEO
Steve Cahillane has been named CEO of The Kraft Heinz Co., effective Jan. 1., where he also will join the company’s board of directors and serve as CEO of Global Taste Elevation Co. following Kraft’s separation into two companies. To ensure a transition, Carlos Abrams-Rivera will step down Jan. 1 and serve as an advisor […]
Posted inNews, CERTCO Inc., Executive News, Finance News, National
Certco President, CEO Becomes First Woman To Lead ROFDA Board
Amy Niemetscheck, president and CEO of Wisconsin-based Certco Inc., was recently named the first chairwomen of the Retailer Owned Food Distributors and Associates Board of Directors (ROFDA). “Taking on the role as the first female as chair of ROFDA at the Fall 2025 Conference was a tremendous honor,” Niemetscheck said. “It is a privilege to […]
Posted inIndependent Store News, Corporate Store News, Finance News, National, News
Acosta Group Releases 4 Consumer Predictions For 2026
Acosta Group has released its consumer predictions for 2026, highlighting the growing importance of personalization, transparency and innovation for brands, retailers and foodservice operators. The predictions are based on research conducted with the Jacksonville, Florida-based sales and marketing agency’s 40,000-member proprietary shopper community. “Technology and evolving consumer lifestyles continue to reshape the shopping experience, as […]
Posted inIndependent Store News, Corporate Store News, Finance News, Midwest, News, West
Uber Eats Expands Regional Grocery, Alcohol Selection With New Retailers
Uber Eats has expanded regional grocery and alcohol offerings with the addition of three retailer partners – Stater Bros. Markets, Kowalski’s Markets and Big Red Liquors – broadening access to grocery and beverage delivery in key U.S. markets. The new partnerships mark continued growth for Uber’s retail and grocery business in 2025, a year in […]
Posted inGrocery Store Equipment, Executive News, Finance News, National, News
Simbe Forms Client Advisory Board With BJ’s, Schnucks, SPAR Executives
Simbe has formed a Client Advisory Board, bringing together leaders from retailers – including BJ’s Wholesale Club, Schnuck Markets, SPAR, Harmons Grocery and Country Supplier – to inform product strategy, foster peer collaboration and guide the future of shelf digitization technology. “The CAB reflects our belief that the best innovation comes from partnership, not only with […]
Posted inWholesaler/Distributor News, Finance News, News, Northeast
UNFI Details Value Creation Strategy, Sets Long-Term Financial Targets
United Natural Foods Inc. (UNFI) outlined its multi-year value creation strategy and long-term financial targets during its 2025 Investor Day event in New York City, emphasizing sustained profitable growth, investment in capabilities for customers and suppliers and enhanced cash-flow generation. The company said it expects to drive low-single digit average annual net sales growth through […]
Posted inMarket Profile, Finance News, News, Northeast, ShopRite
Klein’s Celebrates Milestone Year With Plans To Keep Moving Forward
Shoppers will find a blend of heritage and progress when shopping Klein’s Family Market’s nine ShopRite stores in Maryland. Whether shopping a Klein’s store in a larger city like Baltimore or a smaller town like Cardiff, customers will find a broad selection of Maryland-grown and -made products (and everything else they need) in modern stores […]