Supervalu today reported second quarter fiscal 2017 consolidated net sales of $3.87 billion and net earnings from continuing operations of $30 million, or $0.11 per diluted share, which included a net $2 million after-tax gain, comprised of a fee received from a supply agreement termination, partially offset by store closure charges and costs as well […]
Category: Wholesaler/Distributor News
Posted in, Corporate Store News, Home Page Latest News, National, Store News, Wholesaler/Distributor News
Supervalu Selling Save-A-Lot Biz For $1.365B
Supervalu has entered into a definitive agreement whereby an affiliate of Onex Corp. will acquire Supervalu’s Save-A-Lot business for $1.365 billion in cash, subject to customary closing adjustments. In connection with the sale, Supervalu and Save-A-Lot will enter into a five-year professional services agreement. The sale of Save-A-Lot is expected to be completed by Jan. […]
Posted in, C-Store News, Grocery Industry, Home Page Latest News, Southwest, Wholesaler/Distributor News
McLane Expands ‘Spark’ Initiative To Increase Workforce Diversity
McLane Co. Inc., the Temple, Texas-based supply chain services company offering grocery and foodservice solutions, said Oct. 3 that it has expanded its Spark program, a companywide initiative focused on identifying workplace diversity opportunities through a variety of programs, community outreach and lending support to nationally recognized diversity-focused annual events. The expansion underscores McLane’s commitment […]
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SpartanNash Foundation, Customers Raise Nearly $300K To Help End Hunger
The SpartanNash Foundation’s scan campaign to end hunger was its most successful companywide retail fundraising effort to date—raising nearly $300,000 on behalf of more than 100 local food pantries and food banks in the communities it serves. Between Aug. 31 and Sept. 11, the SpartanNash Foundation hosted the companywide scan in each of SpartanNash’s […]
Posted in, Food Service News, Home Page Latest News, National, New Products, Northeast, Private Label Brands, Wholesaler/Distributor News
McLane Co. Rebranding Private Label Business
McLane Co., a leading supply chain services company providing grocery and foodservice supply chain solutions, is rebranding its private label company, Salado Sales, to CVP (Consumer Value Products). CVP will offer quality private label lines equal to or better than name brands for a lower price and higher margins for retailers, and will be offered only […]
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SpartanNash Promotes Staples To President
Dave Staples, COO of SpartanNash, has added the role of president to his duties. Dennis Eidson, who held the president’s title, will continue to serve as the company’s chairman and CEO; the move enables Eidson to continue to focus on long-term strategic growth opportunities, according to the company. As president and COO, Staples will lead […]
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Associated Wholesale Grocers To Join ROFDA
Retailer Owned Food Distributors & Associates (ROFDA) today said that Associated Wholesale Grocers (AWG) will become a member of the cooperative. The addition of AWG will increase the aggregated total of ROFDA to represent more than $24 billion in wholesale revenue with more than 9,000 independent retail grocers and more than $60 billion in retail […]
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Cox, Ritchie Recognized By Laurel Grocery With Retailer Of The Year Honors
Laurel Grocery Co. this week hosted its August Trade Show—“Building Brands Together”—at the Northern Kentucky Convention Center. The London-based wholesaler recognized several retailers with awards, including Martin Cox of Cox Foods, which operates 10 stores in Kentucky, and Jamie Ritchie of Ritchie’s Marketplace in Piketon, Ohio, with Retailer of the Year honors. Cox Foods also was […]