Schnuck Markets Inc. is accepting applications for the third cohort of its Schnucks Springboard accelerator program for emerging suppliers, with a deadline of April 25. Midwest business owners must meet specific criteria to qualify. Applicants must have annual consumer product goods revenue of less than $1 million, fewer than 10 years in the CPG business […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inIndependent Store News, Executive News, Fareway, Featured News, Finance News, Midwest, News
Fareway Promotes 7 Corporate Officers To New Positions
Fareway Stores Inc. has promoted seven corporate officers for what the Johnston, Iowa-based grocer described as outstanding leadership and contributions to its success. “These promotions reflect the exceptional talent and dedication of our team,” said Fareway CEO Reynolds Cramer. “Each individual has demonstrated leadership and commitment to Fareway’s mission of being the best in meat […]
Posted inCorporate Store News, Finance News, News, Online Grocery Technology, Southwest, Walmart
Walmart Data Ventures Launches Scintilla In-Store For Supplier Field Reps
Walmart Data Ventures has introduced Scintilla In-Store, a platform designed to help reduce out-of-stocks, improve execution and deliver a seamless omni-shopping experience. Scintilla In-Store builds on the Scintilla platform – Walmart’s first-party insights offering that transforms granular data into intelligence for suppliers and merchants – and brings that ecosystem into Walmart stores. While Scintilla and […]
Posted inAssociation News, Featured News, Finance News, News, Northeast
NJFC Re-Elects Read As Board Chair, Celebrates Record Growth
The New Jersey Food Council (NJFC) re-elected Jason Read of Wawa as board chairman and announced record growth in membership and sponsorship as it installed its 2026 directors. Mike Styer of ACME/Kings continues as vice chairman. The board elected Gary Capozzi of Pepsi Beverages Co. as associate vice chairman, Ron Murphy of Murphy’s Fresh Markets […]
Posted inExecutive News, Center Store, Featured News, Finance News, National, News
Conagra Brands Appoints Mulligan, Satriano To Board Of Directors
Conagra Brands, Inc. appointed John Mulligan and Pietro Satriano to its board of directors, expanding the panel from 11 to 12 members. “Conagra and its shareholders will benefit from their extensive leadership and corporate governance experience,” said Richard H. Lenny, chair of Conagra Brands. “In addition, John brings relevant expertise navigating retail business challenges and […]
Posted inCenter Store, Featured News, Finance News, Midwest, News
Marzetti Co. To Acquire Bachan’s Japanese Barbecue Sauce Brand
Westerville, Ohio-based The Marzetti Co. has entered into an agreement to acquire Bachan’s Inc., a Japanese barbecue sauce brand, for $400 million. The transaction is expected to close before Marzetti’s fiscal year end of June 30, subject to regulatory approval and customary closing conditions. Marzetti intends to fund the acquisition with cash on hand and […]
Posted inMeat/Seafood/Poultry, Featured News, Finance News, News, West
Evergood Sausage Co. Celebrates 100th Anniversary
Evergood Sausage Co. marked its 100-year anniversary, celebrating a century of family leadership and old-world craftsmanship while maintaining hardwood-smoking traditions established in 1926. Founded by Bavarian immigrant and master sausage maker Jacob Rauscher in San Francisco’s Mission District, Evergood grew from a neighborhood butchershop into a nationally recognized brand. The company operates from its historic […]
Posted inPackaging News, Center Store, Finance News, National, News
ProAmpac Expands Fiber Packaging Platform For Dry Food Products
ProAmpac has expanded its ProActive Recyclable RP-2000 High Barrier Series, a curbside recyclable, fiber-based packaging platform designed to replace traditional non-recyclable multilayer structures. The RP-2000 platform provides barriers to oxygen and moisture, making it suited for sensitive dry food products including oatmeal, granola, cereal, spices, snacks, dried fruits and nuts. The expansion aims to help […]
Posted inExecutive News, Finance News, National, News
Target Names New CMO, COO Following Leadership Change
Target Corp. named Cara Sylvester CMO and Lisa Roath COO as part of executive leadership changes under new CEO Michael Fiddelke. The appointments are designed to strengthen merchandising authority and elevate the guest experience. Target confirmed it expects to report fourth quarter 2025 sales, full-year GAAP EPS and full-year Adjusted EPS in line with prior […]
Posted inIndependent Store News, Executive News, Finance News, Foodtown, News, Northeast
ARS’ Fantozzi To Receive Visionary Award From Foundation Fighting Blindness
Joseph Fantozzi, president and COO of Allegiance Retail Services (ARS), will receive the Visionary Award from The Foundation Fighting Blindness on May 14 during the annual Night For Sight gala at Guastavino’s in New York City. The award recognizes honorees for exemplary values, visionary leadership and philanthropic impact on the community. Fantozzi will be recognized […]
Posted inSnacks Brands, Finance News, News, Northeast
Utz Brands Targets $1.9B Sales In Long-Term Growth Plan
Hanover, Pennsylvania-based Utz Brands outlined long-term targets – including $1.9 billion in net sales potential and annual adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) growth of 6-8 percent with margin expansion to at least 17 percent – Feb. 18 during the Consumer Analyst Group of New York conference. CEO Howard Friedman and CFO BK […]
Posted inSnacks Brands, Center Store, Executive News, Featured News, Finance News, Home Page Slider, National, News, Suppliers
Campbell’s Taps CPG Veteran Anand To Lead Snacks Division
Camden, New Jersey-based Campbell’s announced that seasoned global executive Mohit Anand will join the company as EVP and president of its Snacks division on Feb. 23. Anand succeeds Elizabeth Duggan, who is departing the company after a nearly seven-year tenure that included leading Campbell’s Canadian business and serving as chief transformation officer. Anand steps into […]
Posted inOnline Grocery Technology, Associated Wholesale Grocers, Finance News, Midwest, News, Wholesaler/Distributor News
AWG Selects RELEX For AI-Driven Forecasting Across 3.5K Stores
Kansas City, Kansas-based Associated Wholesale Grocers (AWG) has selected RELEX Solutions to optimize distribution center forecasting and replenishment across its network of 3,500 member locations. AWG will implement the RELEX artificial intelligence-driven forecasting and replenishment solution to replace its legacy in-house proprietary systems and manual processes. The platform will deliver scalability and automation to improve forecasting […]
Posted inIndependent Store News, Featured News, Finance News, News, Northeast, Wakefern
Wakefern Food Corp. Selects Eagle Eye To Power Loyalty, Personalization
Wakefern Food Corp. has selected Eagle Eye to accelerate its loyalty strategy and deliver artificial intelligence-powered customer engagement initiatives across its retail network. The program is expected to go live in mid-2026. Wakefern, the largest retailer-owned supermarket cooperative in the U.S., will deploy Eagle Eye’s MACH-approved loyalty and personalization platform, moving away from a POS-based […]
Posted inExecutive News, Center Store, Finance News, National, News
Kraft Heinz Names Amaya President, North America
Chicago-based Kraft Heinz has named Nicolas Amaya president of North America, effective Feb. 23, overseeing strategy, operations and performance across Kraft Heinz’s largest market. Amaya most recently served as SVP and president of Kellanova North America, where he was a member of Kellanova’s executive committee. Navio steps down Pedro Navio, current president of North America, will step […]
Posted inCorporate Store News, Featured News, Finance News, Grocery Research, National, News
Dunnhumby Study Finds Shoppers Shifting To Mass Retailers, Dollar Stores
Mass-channel retailers reached 79 percent penetration in December, equaling traditional supermarkets for the first time as 70 percent of working-age Americans reported difficulty covering unexpected $400 expenses, according to Wave 12 of the dunnhumby Consumer Trends Tracker released Feb. 18. The shift marks a fundamental realignment in American shopping behavior driven by persistent affordability pressures. […]
Posted inBeverage News, Association News, Featured News, Finance News, News, Northeast
PFMA Supports Bill To Enable Third-Party Alcohol Delivery For Grocers
The Pennsylvania Food Merchants Association testified before the Pennsylvania House Liquor Control Committee Feb. 11 in support of House Bill 1451, legislation that would allow licensed third-party transporters to deliver beer, wine and ready-to-drink cocktails on behalf of licensed retailers. The trade association called the bill a necessary update to the state’s liquor code that […]
Posted inGuest Contributors, Finance News, Leadership, National, News, The Grocer's Playbook
Leadership: Prime Time Defined
Leaders who consistently win understand one simple truth: performance is never evenly distributed across the day, week or year. Some moments matter more than others, and what a team does in those windows separates average operations from extraordinary ones. What is ‘prime time’ in leadership? In operations-heavy environments, prime time is the predictable window when […]
Posted inMeat/Seafood/Poultry, Finance News, Midwest, News, Supply Chain News
Smithfield Foods Plans $1.3B Processing Facility In Sioux Falls, SD
Smithfield Foods has initiated the approval process to build a packaged meats and fresh pork processing facility in Sioux Falls, South Dakota, representing a preliminary investment estimate of up to $1.3 billion over the next three years. The facility, subject to permitting and regulatory approvals, will be built in Foundation Park, a 1,000-acre heavy industrial […]
Posted inExecutive News, Association News, Finance News, Frozen Food, National, News
AFFI Promotes Seiling To COO, Head Of Strategic Initiatives
The American Frozen Food Institute has promoted Adrienne Seiling to COO and head of strategic initiatives, expanding her role on the executive leadership team. Seiling most recently served as SVP of industry affairs and member services. In her new role, she will oversee core operations and lead advancement of key organization priorities, including events and […]