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 […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
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 […]
Posted inNews, Featured News, Finance News, Grocery Research, National
Numerator Index Shows Highest Inflation In More Than 2 Years
Prices for everyday household purchases are now up 2.9 percent versus a year ago – the largest year‑over‑year increase in more than two years, according to the Numerator Consumer Goods Price Index.
Posted inFinance News, Grocery Research, National, News
Survey: ‘Reward Stacking’ Becomes Essential Tool As Inflation Squeezes Households
More than 165,000 U.S. consumers surveyed by KashKick show that “reward stacking” – using cashback and micro‑earning apps alongside grocery and gas purchases – has become a popular strategy for coping with persistent inflation. The data arrives as March recorded its largest monthly consumer price increase in four years. Cashback and rewards app usage now […]
Expert Article
Know Your Numbers: The Financial Habits Behind Independent Grocery’s Top Performers
Jon Cline knows the grocery business from the ground up. He started bagging groceries at Safeway in high school, managed a 7-Eleven while earning his accounting degree at the University of Oklahoma, and went on to build a career spanning some of the industry’s biggest names: Arthur Andersen, Scrivner, Fleming and Supervalu. At FMS Solutions, […]