Whole Foods Market this week posted positive numbers for the company’s third quarter ending July 7. The Austin, Texas-based grocery chain reported that sales increased 12 percent to $3.1 billion. Comparable store sales increased 7.5 percent, and identical store sales, excluding four relocations and one expansion, increased 7.2 percent. Earnings before interest, taxes, depreciation and […]
Category: National
Posted in, National
Frieda’s Helps Produce Wholesalers Stock Up For School Snacking
Summer is nearly over, and parents will soon be shopping for healthy yet exciting lunch and snack options for their kids to take to school. Frieda’s Inc. says it is the go-to source for kid’s favorite fruits and vegetables. Some of the popular back-to-school items are Asian Pears, Baby Red Bananas, Medjool Dates, Mandarinquats, Baby Apples and […]
Posted in, Midwest, National, Supply Chain News
Penske Logistics To Serve Kroger’s Indiana DC Business
Penske Logistics has won the contract to operate and manage Kroger’s 600,000 s.f. refrigerated food distribution facility located in West Shelbyville, Ind. Penske officially began operating the facility July 21. Penske Logistics has hired the 816 existing workers at the facility, including those represented by Teamsters Local 135. “We’re excited to have earned this new […]
Posted in, National
Trends, Innovative Categories Become Highlight of KeHE Holiday Show
KeHE’s 2013 Holiday Show, held as always at Chicago’s McCormick Place, had the largest number of retailer attendees in the show’s history. The private, two-day industry trade show brought together thousands of retailers and suppliers in the natural, specialty and fresh product categories. Suppliers showcased on-trend products for the holidays, as well as year-round “gotta-have” […]
Posted in, National
NGA: Corporate-Only Tax Reform Is A Non-Starter
President Obama released on Tuesday a proposal that attempts to simplify the tax code for American businesses by reforming only corporate tax rates. Though the National Grocers Association (NGA) says efforts to lower the top corporate tax rate from the highest in the world at 35 percent to 28 percent is a step in the […]
Posted in, National
NACS: ‘We Fundamentally Won On All Counts’ In Swipe Fee Decision
The U.S. District Court ruled today in favor of merchants in a challenge to debit card interchange rules set by the Board of Governors of the Federal Reserve System. The decision blasts the board for not following the law as passed by Congress, saying that it failed to set fees that are “reasonable and proportional […]
Posted in, National, Organic Natural
White Paper: Organic, Local And Natural Go Mainstream
Research detailed in a new white paper, “A Fresh Look at Organic and Local,” all but confirms that the organic, local and natural food trends are no longer niche markets. The latest from Sullivan Higdon & Sink (SHS) FoodThink offers food marketers an in-depth look into understanding and connecting with the growing percentage of shoppers […]
Posted in, National
Alco Stores To Be Acquired By Argonne Capital Group
Alco Stores Inc., a general merchandise retailer specializing in providing a superior selection of essential products for everyday life in small-town America, and Argonne Capital Group LLC, a private investment firm based in Atlanta, have entered into a definitive merger agreement. Under the terms of the merger agreement, Argonne will acquire all of the outstanding […]