Supervalu on Thursday said that two of its directors, Mark Neporent and Lenard Tessler, have stepped down from the company’s board of directors, effective immediately. Neporent and Tessler were both appointed to the board in 2013 as designees of Symphony Investors LLC, a Cerberus Capital Management L.P.-led investor consortium, under the terms of the tender […]
Tag: business
Posted in, National, Store News
Fresh Market Revises Expansion Plans As Profit Drops 90 Percent
After a disappointing 2013 and a 90.4 percent drop in fourth-quarter profit, Greensboro, N.C.-based specialty grocer The Fresh Market is modifying its real estate expansion plans and will close several stores in the Houston and Sacramento markets. The Business Journal reports that The Fresh Market reported late Thursday net income of $2 million, or 4 […]
Posted in, Marketing News, National
Mondelez International Partners With Facebook
Mondelez International has entered into a global strategic partnership with Facebook, as the company continues to shift more media spending to digital, especially social and mobile, across the entire consumer journey. The partnership leverages the scale of both businesses to deliver overall competitive advantage via step-change brand-building, ground-breaking innovation and access to research, training and […]
Posted in, Midwest
Flowers Licenses Rights To Wonder, Home Pride Breads To Aunt Millie’s In Parts Of MW
Flowers Foods has signed an agreement that gives Aunt Millie’s Bakeries of Fort Wayne, Ind., the exclusive license to produce and market Wonder and Home Pride breads in northwest Indiana; northern Illinois, including Chicago; and southern Wisconsin. Terms and conditions of the license agreement were not disclosed. With the agreement, Wonder and Home Pride breads […]
Posted in, Corporate Store News, Southeast
Farm Fresh Honoring Hampton Roads Roots During Anniversary Celebration
Established in 1957, Farm Fresh Food & Pharmacy is commemorating 57 years as the hometown grocer for residents of the Hampton Roads, Va., area, with a yearlong anniversary celebration. Highlights include customer gift card giveaways totaling more than $100,000, as well as the return of the Farmer Boy mascot under the new name “Farmer Eugene,” […]
Posted in, Midwest, Suppliers
Ohio’s Velvet Ice Cream Turns 100 This Year
Ohio ice cream manufacturer Velvet Ice Cream will celebrate its 100th birthday on May 1. Velvet started hand crafting ice cream in Utica, Ohio, in 1914. It will mark the milestone birthday with a series of announcements, specials, events and activities, beginning with the May 1 opening of Velvet’s Ye Olde Mill to the public for […]
Posted in, Center Store, National
Healthy Snackers, Niche Marketers Set Tone For Crackers Category
The U.S. market for crackers exceeded $7 billion in 2013 and growth drivers in crackers are fundamentally the same as those sparking growth in the markets for healthy-ingredient snacks and salty snacks. Chief among these drivers is the fact that Americans continue to shift toward eating several small meals a day and snacking between meals, […]
Posted in, National, Suppliers
American Frozen Food Institute Elects New Board Leadership
The American Frozen Food Institute (AFFI) has elected three officers and nine members to the AFFI board of directors. The elections took place at the AFFI annual meeting and keynote breakfast Monday, held in conjunction with the 2014 AFFI Frozen Food Convention in San Diego, Calif. The newly-elected AFFI officers are: Dave Yanda of Lakeside […]
Posted in, National, Suppliers
Jack’s Link’s To Buy Unilever Meat Snack Business
Jack Link’s plans to purchase Unilever’s meat snacks business, primarily sold under the BiFi brand (Germany, Benelux, Austria and Switzerland) and the Peperami brand (U.K. and Ireland). The sale is expected to close by the end of March. Terms of the deal, announced Friday, were not disclosed. The transaction, subject to customary closing conditions, also […]
Posted in, Marketing News, National
General Mills, Kroger Support NASCAR Driver With No. 3 Cheerios Box
In conjunction with the 56th running of the Daytona 500 and to further showcase its long-standing partnership with NASCAR, General Mills has teamed up with The Kroger Co. to produce a limited-edition Cheerios box to commemorate the return of the No. 3 to NASCAR’s premier series with NASCAR champion Austin Dillon at the wheel. Beginning […]
Posted in, Corporate Store News, National
Safeway Confirms Talks About Possible Sale Of Company
Safeway said Wednesday afternoon that it is in discussions concerning a possible sale of the company. “Although the discussions are ongoing, the company has not reached an agreement on a transaction, and there can be no assurance that these discussions will lead to an agreement or a completed transaction,” the company said during a fourth […]
Posted in, National
Durham Named VP Of Retail Brands At Theory House
Branding and retail marketing agency Theory House has appointed Christopher Durham VP of retail brands. Durham joins the Charlotte, N.C.-based company with more than 20 years of experience developing and managing brands both at the retail level and as a consultant, including work for Office Depot, Best Buy, Food Lion, Hannaford and Lowe’s Home Improvement. […]
Posted in, Executive News, National
Kraft Exec Chairman Cahill Transitioning To Non-Executive Role
Kraft Foods Group’s board of directors has approved the transition of Executive Chairman John Cahill to non-executive chairman of Kraft’s board on March 8. “Today’s announcement reflects the board’s confidence in the progress of our business,” said Mackey J. McDonald, lead director for Kraft Foods Group’s board of directors. “John has been instrumental in establishing […]
Posted in, National
NGA Show: Keys To Thriving As An Independent Grocer
During the 2014 NGA Show in Las Vegas Feb. 9-12, National Grocers Association (NGA) President and CEO Peter Larkin asked the outgoing Chairman Joe Sheridan, president and COO of Wakefern Food Corp., and incoming Chairman Rich Neimann Jr., president and CEO of Niemann Foods, about what it takes to be a successful independent in today’s […]
Posted in, Suppliers, West
GoGo squeeZ Plans $85M Manufacturing Facility In Idaho
Materne North America—the makers of GoGo squeeZ Applesauce On the Go—plans to make an $85 million investment in a new food processing facility that will create a minimum of 230 new jobs in Idaho’s Treasure Valley. The new state-of-the-art facility—the company’s second U.S. location—will be housed at a site formerly owned by Micron Technology Inc., at […]
Posted in, National, New Products
Minute Maid Rolls Out Liquid Water Enhancer With Real Fruit Juice
The Coca-Cola Co. is introducing Minute Maid Drops, made with real fruit juice and available in four flavors: Lemonade, Fruit Punch, Mango Tropical and Raspberry Lemonade. Each bottle makes approximately 28 servings and can be resealed until the next use. “Adding Minute Maid Drops to our diverse portfolio of juices and juice drinks demonstrates our […]
Posted in, National
Congress Reaches Agreement On Farm Bill
The long-awaited Farm Bill has been passed by both the House of Representatives and the Senate, with the Senate casting the final approval—in a 68-32 vote on Tuesday—before the nearly $1 trillion bill goes to the president’s desk. President Obama is expected to sign the bill into law. The bill has compromises throughout, including changes […]
Posted in, C-Store News, National
NACS: Gas Customers Evolve In How They Shop For Price
Price remains the dominant reason why consumers buy gas at a particular location, but how consumers shop for that price is shifting, according to the results of a new consumer survey released by the National Association of Convenience Stores (NACS). Two-thirds of consumers (66 percent) say that price is the most important factor in determining […]
Posted in, Amazon Fresh, Equipment & Technology, National, Whole Foods
Amazon Plans Retail Store Checkout System
Amazon.com is working on a checkout system for brick-and-mortar retail stores that includes using the company’s Kindle tablet device, according to the Puget Sound Business Journal. The Wall Street Journal reports Amazon would give retailers Kindles and credit-card readers for checking out customers, and could offer retailers other services, such as data analysis and website […]
Posted in, Northeast, Suppliers
Uncle Charley’s Sausage Purchased By Pittsburgh Investors
Pittsburgh-based investors F.N.B. Capital Partners, along with a group of local investors, including Jim Rudolph and Len Caric, have acquired the region’s fastest growing meat processing company, Uncle Charley’s Sausage Co. The investors say they plan to increase funding to expand the business while keeping its unique brand value, leadership, Vandergrift, Pa.-based manufacturing facilities and […]