The Kroger Co. on Thursday reported its fourth quarter and full year 2015 results. The grocer reported fourth quarter net earnings of $0.57 per diluted share and identical supermarket sales growth, without fuel, of 3.9 percent. Including six weeks of Roundy’s results, identical supermarket sales growth without fuel was 3.7 percent. Fiscal 2015 net earnings […]
Tag: business
Posted in, Aldi, Corporate Store News, National, Store News
Aldi Now Accepting Credit Cards At Stores Nationwide
Aldi is now accepting credit cards, including Visa, MasterCard, Discover and American Express, at all of its stores across the country. Previously, the chain only accepted cash and debit cards. “As Aldi continues to evolve by expanding its product lines and moving into new markets, the way we do business will continue to evolve as […]
Posted in, Corporate Store News, Southeast, Store News
Publix Reports Across-The-Board Positive Results For 4Q, Fiscal Year
Publix Super Markets is reporting positive fourth quarter and fiscal year results across the board. Publix’s sales for the fourth quarter of 2015 were $8.2 billion, a 4.5 percent increase from last year’s $7.9 billion. Comparable-store sales for the fourth quarter of 2015 increased 3.2 percent. Net earnings for the fourth quarter of 2015 were […]
Posted in, Northeast
US Foods Acquiring Cara Donna Provision Co.
US Foods is acquiring Cara Donna Provision Co., a wholesale distributor of food and food-related products to restaurants and foodservice customers throughout New England. The transaction is expected to close March 4. Family owned for three generations, Cara Donna serves approximately 1,300 customers in Massachusetts, Rhode Island, New Hampshire, Maine and Connecticut. The Cara Donna […]
Posted in, Northeast
Global Partners Eyes Sale Of 125 Non-Strategic C-Stores, And More…
Convenience Store News In Brief… Global Partners LP of Waltham, Massachusetts, is exploring plans to sell 125 non-strategic convenience stores within a year. The announcement was made during the company’s 2015 fiscal fourth quarter earning conference. The company currently has 844 owned or leased convenience stores, now that the Warren Equities and Capitol Petroleum acquisitions […]
Posted in, Northeast
Kettle Cuisine Buys Florida-Based Chef Creations, And More…
Foodservice News In Brief… Kettle Cuisine of Lynn, Massachusetts, has purchased Chef Creations of Orlando, Florida, which produces wholesale soups and sauces for restaurants and retail operations. The plant operations will be shifted to Boston in July, and many of the Orlando plant staffers face layoffs. Kettle Cuisine focuses on soups and chowders for mainly […]
Posted in, Amazon Fresh, Corporate Store News, National, Store News, Suppliers, Whole Foods
Costco, Whole Foods, Target, Walmart And Publix Make Fortune’s ‘Most Admired’ List
Fortune says “there’s a new AAA standard in corporate America: the one-two three punch of Apple, Alphabet, and Amazon.” For the fourth time, Fortune’s list of the World’s Most Admired Companies Top 50 All-Stars is led by a trio of tech giants under 40 years old. They preside over a class of blue chips and […]
Posted in, Northeast
Massachusetts Governor To Keynote NEFS On March 14
Massachusetts Gov. Charlie Baker will be the second keynote speaker at the New England Food Show (NEFS), as he addresses the crowd Monday, March 14, beginning at 12:45 p.m. Baker will discuss the restaurateurs, chefs, farmers and people who bring fresh, healthy and hearty food to tables—and their impact on both our culture and economy. Kicking […]
Posted in, Albertsons, Corporate Store News, Store News, West
Report: Court Approves Haggen’s $5.75M Settlement With Albertsons, Auction For Remaining Stores Is Feb. 29
Haggen this week received approval from the U.S. Bankruptcy Court to settle its lawsuit against Albertsons, winning $5.75 million in cash, according to The Oregonian. The newspaper reports that the amount is considerably less than what Haggen had originally sought—more than $1 billion—when it filed the suit in September. In the lawsuit, Haggen accused Albertsons […]
Posted in, Southwest, Store News
WinCo Set To Take Over Former Target Anchor Site At Carrollton, Texas, Shopping Center
Boise, Idaho-based discount grocer WinCo Foods plans to develop a new, ground-up 82,077-s.f. anchor store at Carrollton’s landmark Trinity Valley Shopping Center, located at the northeast corner of the President George Bush Turnpike (SH-190) and Josey Lane. The new WinCo will be developed at the site of a former anchor store at the center. In […]
Posted in, Northeast
Alliance Cost Containment Launches C-Store Savings
Alliance Cost Containment (ACC) of Kentucky has created a cost reduction program targeting the retail grocery and convenience store industry. Working under the name C-Store Savings, this new entity offers chains with 10 or more locations two distinct ways to reduce day-to-day operating costs. The group savings option provides pre-negotiated savings on more than 30 expense areas, […]
Posted in, Northeast
Challenges Loom Despite National Restaurant Growth
The National Restaurant Association (NRA) projects that restaurants in 2016 will post sales of $782.7 billion and employ 14.4 million people in more than one million locations. The 2016 Restaurant Industry Forecast reveals that the U.S. restaurant industry will remain the nation’s second-largest, private-sector employer—providing career opportunities for one in 10 working Americans. “Though the […]
Posted in, Center Store, Southeast, Suppliers
Custard Stand Food Products Will Appear On ABC’s ‘Shark Tank’ Feb. 21
Custard Stand Food Products, makers of Custard Stand Hot Dog Chili and Custard Stand Chili Soup with Beef and Beans, is scheduled to appear in an episode of ABC’s “Shark Tank” on Sunday, Feb. 21, at 10 p.m. (Eastern time). Dee and Angie Cowger, owners of Custard Stand Food Products, were invited to pitch a […]
Posted in, Northeast
Massachusetts Increases Efforts To Combat Skimming
The Massachusetts Office of Consumer Affairs and Business Regulation is conducting random inspections of fuel pumps to combat thieves using skimmers to steal credit and debit card information from consumers. In addition to the inspections, a letter recently was sent to more than 50 gas dispenser servicing companies seeking their cooperation in reporting to local law […]
Posted in, Northeast
Federal Agency Creates Seafood Traceability Program
A federal agency has proposed a national seafood traceability program to combat illegal fishing and seafood fraud. Recently, the National Ocean Council Committee to Combat Illegal, Unreported and Unregulated Fishing and Seafood Fraud set a plan for creating a U.S. seafood traceability program. The move is seen as the next step the U.S. government is […]
Posted in, Northeast
Yuengling’s Ice Cream Launches Exclusive Flavors For Foodservice, And More…
Foodservice News In Brief… Yuengling’s Ice Cream of Orefield, Pennsylvania, has launched new 3-gallon tub flavors exclusive to foodservice distributors, including ice cream shops, restaurants, colleges and universities, concession stands and more. The limited-edition flavors will be available in batch quantities and while supplies last. Depending on their popularity, select new flavors may be permanently […]
Posted in, Center Store, Grocery News, Organic Natural, Snacks Brands, Southeast, Suppliers
Specialty Snack Company Opens Global Headquarters In Tennessee
Pure Foods, a specialty snack company, celebrated the opening of its global headquarters and primary manufacturing location late last month at Gateway Commerce Park in Kingsport, Tennessee. The 88,000-s.f., state-of-the-art manufacturing facility produces nutrient-dense and reduced-fat snack foods for distribution in the U.S., Canada and Mexico. “Today marks an exciting new chapter for Pure Foods […]
Posted in, Northeast
Key Food Stores, Allegiance Retail Services Buy Banners From A&P
Key Food Stores, a supermarket co-operative with 217 stores, has acquired the SuperFresh banner name and related intellectual property assets from A&P. Key Food plans to open several stores under the SuperFresh banner in the near future, the first of which may debut as early as this month. Key Food recently purchased 24 stores from A&P, […]
Posted in, Northeast
NRA Launches #RestaurantsDecide, And More…
Foodservice News In Brief… The National Restaurant Association has launched #RestaurantsDecide, an initiative showcasing the role restaurants play as cornerstones of their community during elections—convening candidates, voters and employees, managers and owners on the campaign trail. Using Twitter and Facebook, #RestaurantsDecide will encourage restaurants, employees and patrons across America to join the National Restaurant Association […]
Posted in, Amazon Fresh, Equipment & Technology, Independent Store News, National, Online Grocery Technology, Shelby Content, Shelby Signature Content, Store News, Whole Foods
Expert: How Independents Can ‘Win’ With Technology
Ross Ely, president and CEO of ProLogic Retail Services (PLRS), a provider of loyalty and customer relationship marketing services for the grocery industry, attended this year’s FMI Midwinter Executive Conference, held recently in Miami Beach, Florida, and he came prepared to share his technology expertise with conference attendees. A growing concern for independent retailers is […]