Schuman Cheese has begun a leadership transition, elevating three fourth-generation family members into senior roles 81 years after the company’s founding. Allison Schuman has been named CEO, moving up from her previous role as chief revenue officer. Neal Schuman, who previously served as CEO, becomes chairman. Ian Schuman will serve as president of global, overseeing […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inIndependent Store News, Executive News, Featured News, Finance News, News, West
HGG Appoints Hinojosa CEO Following National Search
Ontario, California-based Heritage Grocers Group (HGG) appointed David Hinojosa as CEO following a board-led national search. Hinojosa, a 30-year retail veteran with experience across the U.S., Australia and Asia, will lead the 115-store ethnic grocery operator’s next phase of growth. He most recently served as COO at Vallarta Supermarkets, which he joined in 2023. His career includes […]
Posted inSustainability News, Corporate Store News, Finance News, News, West
Sprouts Invests In AZ Solar, Battery Storage Project
Sprouts Farmers Market has signed a tax credit transfer agreement with Schneider Electric, U.S. Bank and Longroad Energy to help finance the Sun Pond Solar + Battery Energy Storage System project in Maricopa County, Arizona, where the grocer is headquartered. The 111 MWdc solar and 85 MWac / 340 MWh storage project is operational. It […]
Posted inOnline Grocery Technology, Association News, Featured News, Finance News, National, News, Nonfood Items
AI Experts Urge Retailers To Move Beyond Simple Automation
Artificial intelligence (AI) can help retailers unlock hidden revenue in underperforming inventory, improve customer targeting and streamline operations — but only if companies stop treating it as a time-saving shortcut and start using it as a strategic tool. That was the message from two digital commerce experts during a keynote at The Inspired Home Show […]
Posted inWholesaler/Distributor News, Finance News, News, Northeast, UNFI
UNFI Posts Q2 Profit Turnaround As Network Optimization Drives Margin Gains
United Natural Foods Inc. (NYSE: UNFI) reported second quarter fiscal 2026 net income of $20 million, reversing a $3 million net loss in the same period a year ago, as cost discipline and distribution network restructuring more than offset a 2.6 percent decline in net sales to $7.9 billion. Adjusted earnings before interest, taxes, depreciation […]
Posted inOnline Grocery Technology, Executive News, Featured News, Finance News, News, Southeast
ECRS Names Rosner Chief Revenue Officer
ECRS, a Boone, North Carolina-based retail technology company, has named Merrick Rosner chief revenue officer. Rosner brings more than a decade of executive experience in retail technology and previously served on the National Retailer Advisory Board of the Independent Grocers Alliance (IGA). In his new role, Rosner will oversee customer experience, sales operations and strategic […]
Posted inMeat/Seafood/Poultry, Executive News, Featured News, Finance News, National, News
NPPC Elects New Officers, Board Members For 2026-27 Term
The National Pork Producers Council (NPPC) elected new officers and board members to lead the organization through the 2026-27 term, tapping a mix of multi-generational family farmers and large-scale production executives to guide its national advocacy agenda. Rob Brenneman of Washington, Iowa, was elected president. Brenneman owns and operates Brenneman Pork and has served on […]
Posted inIndependent Store News, Featured News, Finance News, News, West
Oliver’s Market Plans Fifth Store In Santa Rosa, CA
Oliver’s Market, an employee-owned independent grocer, is under contract to purchase Farmer’s Lane Plaza at 1501-1591 Farmer’s Lane in Santa Rosa, California, where it will open a fifth location in a 35,500-square-foot space formerly occupied by Rite Aid. The deal is expected to close April 1, with construction beginning immediately and a 2027 opening targeted. […]
Posted inSnacks Brands, Association News, Featured News, Finance News, National, News
NCA Report: U.S. Confectionery Sales Climb To $55B In 2025
Americans spent a record $55 billion on chocolate, candy, gum and mints in 2025, and the category shows no signs of slowing down, according to the National Confectioners Association’s (NCA) 2026 State of Treating report. Sales are projected to grow an additional $7.3 billion over the next five years, reaching $62.2 billion across all outlets […]
Posted inBeverage News, Featured News, Finance News, National, News
Royal Cup To Acquire Farmer Brothers Coffee
Royal Cup Coffee & Tea has signed an agreement to acquire Farmer Brothers Coffee Co. (NASDAQ: FARM) for $1.29 per share in an all-cash transaction, combining two B2B coffee suppliers with nearly 250 years of combined industry experience. The transaction is expected to close during Farmer Brothers’ fiscal fourth quarter ending June 30, pending approval […]
Posted inFrozen Food, Finance News, News, Snacks Brands, West
Morinaga To Acquire My/Mochi Ice Cream, Expanding U.S. Snack Portfolio
Morinaga & Co., a leading global confectionery manufacturer, has entered into a definitive agreement to acquire My/Mochi Ice Cream, the largest mochi ice cream brand in the United States. The acquisition unites two businesses with strong brand heritage and complementary capabilities. My/Mochi will join Morinaga’s portfolio of brands, including HI-CHEW, HI-SOFT and Chargel. “In welcoming […]
Posted inMeat/Seafood/Poultry, Executive News, Featured News, Finance News, National, News
NPPC Honors Parker For Four Decades Of Pork Industry Leadership
The National Pork Producers Council (NPPC) recognized John Parker with the Paulson-Whitmore State Executive Award during the National Pork Industry Forum, honoring his 40-plus years as executive secretary of the Virginia Pork Council. The award was presented in partnership with the National Pork Board (NPB). Parker’s tenure shaped Virginia’s agricultural community, producer-funded promotion and research […]
Posted inOnline Grocery Technology, Featured News, Finance News, Merchandising News, National, News, Walmart
Walmart To Deploy Digital Shelf Labels Chainwide Within A Year
Walmart is accelerating its rollout of digital shelf labels (DSLs) chainwide, with about 2,300 locations already using the technology and full deployment expected within the next year. Price updates are people-led, with employees reviewing and pushing approved changes through a secure system, typically outside of shopping hours, so prices remain stable and consistent during the […]
Posted inAssociation News, Featured News, Finance News, Midwest, News
MGA Presents 2026 Legislator Of The Year Awards
The Minnesota Grocers Association (MGA) honored Rep. Dave Baker (R-Willmar) and Sen. Susan Pha (D-Brooklyn Center) as its 2026 Legislators of the Year during the association’s annual Legislative Dinner at The University Club in St. Paul. The lawmakers were recognized for their roles in securing continued funding for the MGA Foundation’s Carts to Careers initiative, […]
Posted inSupply Chain News, Featured News, Finance News, Grocery Research, National, News
Report: 86% Of Supply Chain Leaders Feeling Tariff Impact
Trade policy uncertainty is forcing supply chain leaders into difficult choices across pricing, sourcing and inventory, according to a preview of RELEX Solutions’ third annual State of the Supply Chain report. The findings, drawn from a January survey of 514 retail, manufacturing, wholesale and supply chain leaders, show 86 percent have felt the effects of […]
Posted inCorporate Store News, Featured News, Finance News, News, West
Grocery Outlet To Close 36 Stores Due To $224.9M Net Loss In Fiscal 2025
Grocery Outlet Holding Corp. (NASDAQ: GO) reported a net loss of $224.9 million for fiscal 2025, a dramatic swing from the $39.5 million net profit posted the prior year, as the retailer absorbed $149 million in goodwill impairment charges, $113.8 million in non-cash asset impairment and $45.9 million in restructuring costs. Despite those headline losses, […]
Posted inMeat/Seafood/Poultry, Association News, Featured News, Finance News, National, News
Shelby Exclusive: FMI’s Harig Discusses Key Factors Impacting Food Prices
Shelby Publishing’s Maggie Kaeppel recently visited with Andy Harig, FMI – The Food Industry Association’s VP of tax, trade, sustainability and policy development, to add additional economic context on the state of the industry following the Annual Meat Conference, which was held March 2-4 in Baltimore, Maryland. What forces are having the greatest impact on […]
Posted inMeat/Seafood/Poultry, Association News, Featured News, Finance News, National
Meat Institute Backs USDA Line Speed Rule Changes for Pork, Poultry
The Meat Institute has said the U.S. Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS) proposed rule changes concerning pork and poultry processing rates will increase production and innovation, helping to ease prices for consumers and benefit livestock and poultry producers. “The Meat Institute has supported changes to line speed rules for pork […]
Posted inAssociation News, Featured News, Finance News, Market Profile, News, Northeast
Shift In Spending Patterns Detected As DE Shoppers Navigate Economic Minefields
Julie Miro Wenger, executive director of the Delaware Food Industry Council, spoke with The Griffin Report about the busy year she and her members have had. Many challenges have arisen over the past 12-plus months, as a new administration has made some sweeping changes that affect the industry. But the state’s grocers, as is their […]
Posted inNews, Finance News, Independent Store News, Publix Super Markets, Southeast
Publix Reports Fourth Quarter, Annual Results For 2025
Publix Super Markets reported fiscal 2025 sales of $62.7 billion, a 5 percent increase from $59.7 billion in 2024. Comparable store sales for the fiscal year ended Dec. 27, 2025, increased 3.5 percent. “Our greatest asset is our associates,” said Publix CEO Kevin Murphy. “I’m proud of their dedication to continuous improvement and commitment to […]