business Archives - Page 45 of 89
Posted in, Midwest, Store News

New Food Distribution Customers Give Nash Finch 3Q Sales Boost

Nash Finch today reported a 3.5 percent increase in third quarter 2013 sales compared to the same period a year ago. Sales for the company’s third quarter, ended Oct. 5, totaled $1.56 billion compared to $1.51 billion in the prior-year quarter. The Minneapolis-based wholesaler said the increase was “primarily attributable to sales to new customers […]

Posted in, National, Suppliers

Murdock Completes Acquisition Of Dole Food Co.

David H. Murdock, Dole’s chairman and CEO, has completed his acquisition of Dole Food Co. Inc. The $13.50-per-share purchase price represents a total valuation of Dole at more than $1.6 billion, including net debt, fees and expenses. The going-private merger agreement was approved on Oct. 31 during a special meeting of the Dole stockholders. Dole’s […]

Posted in, Southeast, Store News

Report: Walmart Could Become Alabama’s Medicaid Drug Provider

The Alabama Medicaid Pharmacy Study Commission last week heard a proposal from retail giant Walmart to make the stores Alabama’s main pharmacy provider through Medicaid, according to the Birmingham Business Journal. The Commission, which is tasked with finding cost cutting measures for the drug program under Medicaid, heard the proposal from Walmart Stores Inc. representative […]

Posted in, National

Safety Of Personal Information In Loyalty Programs Worry Many Consumers

Enrollment in loyalty programs is on the rise across all retail categories, but soaring participation in retailer loyalty programs does not necessarily translate to “genuine” loyalty, and relevant communications are increasingly essential in loyalty engagement. However, recent Mintel research finds that consumers also are concerned about privacy when weighing whether or not to sign up […]

Posted in, National

NGA, FMI Support Effort To Reform Patent System

The National Grocers Association (NGA) and Food Marketing Institute (FMI) have voiced their support of patent system reform. NGA VP of Public Affairs Greg Ferrara made the following statement upon introduction of the Innovation Act of 2013, a patent reform bill introduced in the U.S. House of Representatives earlier this week: “NGA commends Chairman (Bob) […]

Posted in, Albertsons, National, Store News

Safeway Reportedly Considering Strategic Options

Pleasanton, Calif.-based Safeway Inc. reportedly is considering its strategic options, with Cerberus and other private equity firms “exploring a deal for all or part” of the company, according to Reuters. A Cerberus affiliate, AB Acquisition LLC, bought Albertsons, Jewel-Osco and several other chains from Supervalu earlier this year. New Albertsons Inc., which now operates Jewel-Osco […]

Posted in, Southeast, Store News

Dollar General Tests Fuel Station At Market Store In Ala.

Dollar General is testing a fuel station at its Dollar General Market in Hanceville, Ala. “Dollar General continues to innovate to provide convenience and value for our customers,” said Rick Dreiling, chairman and CEO of Goodlettsville, Tenn.-based Dollar General. “This project to test a fuel offering is consistent with our strategy of continually looking for […]

Posted in, Albertsons, National, Store News

Supervalu Reports 2Q Fiscal 2014 Results

Supervalu Inc. on Thursday reported its second quarter fiscal 2014 results—and perhaps the biggest news dealt with the company’s Save-A-Lot banner, whose corporate-operated stores experienced a 4.6 percent increase in identical store sales. Sam Duncan, president and CEO of Supervalu, said on a conference call Thursday morning that corporate stores have revamped their meat and […]

Posted in, Southeast, Store News

Kroger Reopening Carrollton, Ga., Store As State’s First Marketplace Format

The South Park Street Kroger in Carrollton, Ga., will celebrate its re-grand opening at 10 a.m. Wednesday, Oct. 16. After undergoing a 64,000-s.f. expansion, the remodeled store now offers customers more than 113,531 s.f. of merchandise and represents the first Kroger Marketplace store in Georgia. “Kroger has been a part of the Carrollton community for […]

Posted in, Independent Store News, National

NGA Member Testifies On Healthcare Law’s Full-Time Definition

National Grocers Association (NGA) member Steven Hermann, VP of Paul’s Supermarkets based in Eldon, Mo., testified this week before the House Small Business Subcommittee on Health and Technology at a hearing titled “The Effects of the Health Law’s Definitions of Full-Time Employee on Small Business.” Hermann’s testimony, on behalf of NGA, focused specifically on the […]

Posted in, Executive News, National

Former Nestle Exec Takes Helm At Schwan

The Schwan Food Co. has named former Nestle executive Dimitrios Smyrnios as its CEO, succeeding Gregory Flack whose previously announced resignation became effective Oct. 4. “After a thorough and deliberate search process, the board of directors concluded that Dimitrios Smyrnios is the right leader to strengthen our company moving forward,” said Allan Schuman, board chairman […]