With California facing the challenge of a fiscal crisis larger than any in recent memory, state legislators, officials and the governor will have to make tough decisions to eliminate a near-$26 billion shortfall in the state budget. California’s grocery industry will be part of this process, but shouldn’t shoulder an unfair portion of the solution. […]
Category: West
Posted in, Suppliers, West
Del Monte Shareholders Approve Buyout
Del Monte Foods Co. said Monday that shareholders approved the company’s buyout by private equity investors KKR, Vestar Capital Partners and Centerview Capital, reports the San Francisco Business Times. The deal, reached on last Thanksgiving Day, is expected to close this week. The buyout was approved by 99 percent of shareholders voting, with 149.8 million […]
Posted in, Marketing News, National, West
Survey Asks: Is Target Cheaper than Walmart?
Target Corp. holds up fairly well in a pocketbook-price battle with rival Wal-Mart Stores Inc., operator of Walmart and Sam’s Club, according to a new retail survey reported on by the New Mexico Business Weekly. Kantar Retail IQ, which does semi-annual price checks at the two retailers, found that Target customers generally paid slightly less […]
Posted in, National, West
Utah Passes Food Tax Bill
The Utah Senate passed a bill that that would raise the tax on food, but lower taxes on other items, reports Forbes. The Senate approved Senate Bill 270 on a 19-9 vote on Monday. It now moves to the House. Adams of Layton says the measure would add stability, since most food sales don’t drop […]
Posted inWhole Foods, Amazon Fresh, Suppliers, West
Amazon Possibly Expanding to Grocery Home Delivery
Amazon.com Inc. may be planning to expand a free home-delivery program, a move that analysts say could encourage consumers to do more of their shopping for groceries and other goods with the online retailer rather than local stores, the Wall Street Journal reported. The service, AmazonTote, is currently available only around Seattle, where the company […]