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 […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inGuest Contributors, Featured News, Finance News, National, News
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, […]
Posted inFeatured News, Center Store, Finance News, National
McCormick To Combine With Unilever’s Foods Business
McCormick & Company Inc. (NYSE: MKC) and Unilever PLC (LSE: ULVR / NYSE: UL) have announced an agreement to combine McCormick with Unilever’s Foods business, creating a global flavor company with $20 billion in combined fiscal year 2025 revenue. Under the terms of the agreement, Unilever and its shareholders are expected to receive shares equating […]
Posted inSouthwest, Featured News, Finance News, Independent Store News, News
Homeland Closing, Consolidating Stores As Part Of ‘Comeback’
In a March 26 post on its Facebook page, Homeland announced that it will close four stores in Oklahoma and consolidate six others into three. Homeland said in the post that it had informed employees of the changes the previous day, explaining the moves as “important steps to strengthen our company and better serve our […]
Posted inExecutive News, Center Store, Finance News, Midwest, News
General Mills Names Ness Chief Supply Chain Officer
General Mills (NYSE: GIS) has appointed Jonathan Ness as chief supply chain officer. Ness reports to chairman and CEO Jeff Harmening, joins the company’s senior leadership team and oversees global supply chain operations. Ness had been serving as interim chief supply chain officer since late January. He had previously served as VP of global supply […]
Posted inOnline Grocery Technology, Finance News, National, News
ReposiTrak, SPAR Group Launch ‘Surge Merchandising’ Platform For Retailers
ReposiTrak (NYSE: TRAK) and SPAR Group (NASDAQ: SGRP) have announced a strategic partnership to deploy a national solution designed to help retailers improve on-shelf availability, reduce store-level labor strain and ensure that products reach the shelf quickly and consistently. The integrated service pairs ReposiTrak’s inventory intelligence technology with SPAR’s nationwide on-demand workforce, giving retailers a […]
Posted inExecutive News, Featured News, Finance News, Independent Store News, West
Teel To Lead The Raley’s Companies Following Knopf’s Departure
The Raley’s Companies has announced a leadership transition, with President and CEO Keith Knopf departing after 11 years and owner and Chairman Mike Teel returning to the CEO role he previously held before Knopf joined the company. “After 11 fulfilling years of service, I have reached a natural inflection point, and having achieved significant milestones, […]