The proxy fight between Ingles Markets and Sackler-affiliated investment firm Summer Road LLC escalated this week as all three major independent proxy advisory firms recommended shareholders vote for Summer Road’s nominee, while Ingles responded with an open letter alleging deeper ties between that person and the Sackler family than previously disclosed. The contest centers around […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inFinance News, National, News
A&G Real Estate Markets 78 Walgreens Properties Across 22 States
A&G Real Estate Partners is seeking offers for 78 Walgreens properties nationwide, including store leases, fee-owned buildings and undeveloped land parcels. The properties are available for direct lease, sublease or sale. The offering for the nation’s second-largest pharmacy chain includes 60 leaseholds for freestanding, central business district, end cap and inline locations across 22 states; […]
Posted inFinance News, Featured News, Ingles Markets, News, Southeast
Ingles Markets, Summer Road Trade Blows Ahead Of April 30 Proxy Vote
Ingles Markets has released an investor presentation ahead of its April 30 annual meeting, intensifying its opposition to a director nominee put forward by Summer Road LLC, the family investment office of David Sackler. Summer Road issued its own statement disputing the grocer’s claims. The Asheville, North Carolina-based grocer is urging shareholders to vote for […]
Posted inOnline Grocery Technology, Featured News, Finance News, Grocery Store Equipment, National, News
Instacart Acquires Instaleap To Fuel International Enterprise Expansion
Instacart has acquired Instaleap, a global fulfillment and enablement solutions platform, as part of a push to expand its enterprise footprint outside North America. The move strengthens Instacart’s presence in nearly 30 countries across Europe, Latin America and the Middle East. Instaleap provides purpose-built grocery technology that includes marketplace integrations and logistics tools designed to […]
Posted inFinance News, Featured News, Grocery Research, National, News
Primerica Survey: 75% Of Consumers Expect Grocery Prices To Rise
Three-quarters of middle-income Americans expect grocery prices to continue climbing over the next six months, according to Primerica’s Q1 2026 Financial Security Monitor survey. The finding is part of a broader pattern of rising cost expectations reshaping how households with incomes between $30,000 and $130,000 manage their budgets. The survey found that 80 percent of […]
Posted inExecutive News, Featured News, Finance News, National, News
Conagra Brands Names J.M. Smucker President, COO Brase As CEO
Conagra Brands has appointed John Brase as president and CEO, effective June 1. Brase, who will also join the company’s board of directors, succeeds Sean Connolly, who is stepping down after more than a decade leading the Chicago-based food company. Brase most recently served as president and COO of The J.M. Smucker Co., where he […]
Posted inDairy News, Finance News, News, West
Francisco Foods To Acquire Rizo-Lopez Foods Assets Out Of Bankruptcy
Valley Milk a California dairy ingredient producer, has formed Francisco Foods, a new joint venture that has acquired substantially all assets of Rizo-Lopez Foods out of bankruptcy proceedings in the U.S. Bankruptcy Court for the Eastern District of California. The deal preserves the Tío Francisco brand and keeps the Modesto, California-based operation’s workforce and customer […]
Posted inIndependent Store News, Featured News, Finance News, Grocery Research, National, News
Survey: Consumers Spend 37% Of Grocery Budget At Independent Stores
Americans spend a larger share of their grocery budget at independent stores than in any other retail category, according to a new survey from OnDeck in partnership with research consultancy Censuswide. The finding underscores the role independent grocers play in local economies even as consumers navigate an era of online convenience and corporate scale. The […]
Posted inSoutheast, Featured News, Finance News, Ingles Markets, News
Ingles Issues In-Depth Investor Warning Ahead Of Proxy Fight
Ingles Markets has released an investor presentation ahead of its April 30 annual meeting, intensifying its opposition to a director nominee put forward by Summer Road LLC, the family investment office of David Sackler. The Asheville, North Carolina-based grocer is urging shareholders to vote for its two independent director candidates – Rebekah Lowe and Dwight […]
Posted inGrocery Research, Featured News, Finance News, National, News
Report: Grocery Price Growth Easing As Egg Prices Drive Breakfast Costs Down
DoorDash has released its first quarterly State of Local Commerce update, drawing on millions of transactions across restaurants, grocery stores and everyday goods to offer a view of how prices are shifting across the U.S. The headline finding for grocery retailers: the Breakfast Basics Index is down 22.3 percent year over year, driven largely by […]
Posted inOnline Grocery Technology, Ahold Delhaize, Featured News, Finance News, National, News
Ahold Delhaize USA Rolls Out Pay By Bank Option For Online Orders
Ahold Delhaize USA has expanded its partnership with Fiserv to offer Pay by Bank on its omnichannel platform, giving online customers the option to pay directly from their bank accounts. The solution is live on the e-commerce websites and mobile apps of three Ahold Delhaize USA brands – The Giant Co., Giant Food and Stop […]
Posted inMeat/Seafood/Poultry, Finance News, Midwest, News
Entrepreneur Acquires Honey Creek Legacy, Rebrands As Legacy Maker Farms
Legacy Maker Farms officially launched following the acquisition and rebranding of Honey Creek Legacy by an investor group led by entrepreneur Steven Hershberger. The Indiana-born business leader, who brings deep experience in food manufacturing and consumer packaged goods, will serve as CEO and president of the Fairmount, Indiana-based premium beef company. “With this acquisition, we […]
Posted inMerchandising News, Featured News, Finance News, Grocery Research, National, News, Private Label Brands
Poll: 88% Of Americans Adjusting Financial Behavior As Grocery Prices Rise
Nearly nine in 10 Americans have made at least one adjustment to their financial behavior in response to economic pressures, with grocery prices ranking as the No. 1 concern, according to KeyBank’s 2026 Financial Mobility Survey Pulse Poll. The survey of 1,000 Americans ages 18-70, conducted by Schmidt Market Research in January, found that 58 […]
Posted inExecutive News, Dairy News, Featured News, Finance News, Midwest, News
Hiland Dairy Names Leibacher General Manager Of Dallas Operation
Hiland Dairy Foods Co. has promoted Mike Leibacher to general manager of its Dallas-Fort Worth operation, effective March 1. He replaces Ray Gibson, who retired after a 43-year career in the dairy industry. Gibson spent decades serving the Dallas-Fort Worth market. He began in 1982 as a route salesman with Borden Dairy, rose through a […]
Posted inCorporate Store News, Executive News, Featured News, Finance News, News, West
Grocery Outlet Appoints Allen, Thornton To Board Of Directors
Grocery Outlet Holding Corp. has appointed Frances Allen and Felicia Thornton as independent directors, effective April 1. “Frances and Felicia bring strong grocery and retail operational experience and significant strategic insight to our board,” said Eric Lindberg, chairman of Grocery Outlet’s board of directors. “Frances is an accomplished leader of nationally recognized restaurant businesses with deep […]
Posted inFinance News, Featured News, Food City, Southeast
Food City Promotes Cox To CFO, Baldwin To Finance VP
Food City has promoted Paul Cox to SVP and CFO and Sara Baldwin to VP of finance following the retirement of longtime CFO Eddie Neely. Cox also will join the company’s board of directors. “We would like to thank Eddie for his dedication and commitment, and the impact he has made on our company’s continued […]
Posted inIndependent Store News, Featured News, Finance News, News, Publix Super Markets, Southeast
Publix Opens New Supermarket In Spring Hill, FL
Publix Super Markets opened its newest location April 2 at 160 Mariner Blvd. in Spring Hill, Florida. The 48,387-square-foot store features full-service bakery, deli, seafood and pharmacy departments along with an upstairs seating area that is designed to encourage customers to dine on-site. “We’re excited to welcome customers to their new Spring Hill Publix and […]
Posted inFeatured News, Finance News, News, Southeast
Ingles Markets Urges Shareholders To Reject Sackler-Affiliated Director Nominee
Ingles Markets has filed a definitive proxy statement with the Securities and Exchange Commission ahead of its April 30 annual meeting, urging shareholders to reject a director nominee affiliated with members of the Sackler family. The Asheville, North Carolina-based grocer is recommending that shareholders vote for its two independent director candidates, Dwight Jacobs and Rebekah […]
Posted inGuest Contributors, Crossroads, Featured News, Finance News, National, News, The Grocer's Playbook
Crossroads: How Cap Rates, Lease Terms Affect Grocery Store Property Value
In a previous column, we discussed building businesses to last and some of the factors that influence valuation. Today, we will take a closer look at one area that often creates confusion – the valuation of real estate in the grocery industry. Nerd alert: This one is a little more technical, but I believe it […]
Posted inBeverage News, Executive News, Finance News, News, Southeast
Coke Florida Promotes Calhoun VP, Chief Of Staff To CEO
Coca-Cola Beverages Florida has appointed Reagan Calhoun as VP and chief of staff to Chairman and CEO Troy Taylor. Calhoun joins from The Coca-Cola Co., where she most recently served as VP of finance-marketing for the North America Operating Unit (NAOU). She has more than 20 years of experience across the Coca-Cola system spanning marketing, […]