Foodservice News In Brief… After spinning off its China division, Yum Brands plans to put more of its restaurants in the hands of its franchisees. Yum Brands, the company behind KFC, Pizza Hut and Taco Bell, plans to increase the franchise percentage from 77 to 98 percent by the end of 2018… The Rhode Island […]
Tag: business
Posted in, Home Page Latest News, Midwest, Store News
Schnucks To Open New Peoria, Illinois, Store On Nov. 9
The new Schnucks at Knoxville Crossing in Peoria, Illinois, will open to customers at 7 a.m. Wednesday, Nov. 9, with a ribbon-cutting ceremony at 9 a.m. Located at 10405 North Centerway Drive (61615), Schnucks Knoxville Crossing marks the company’s second location in Peoria. The new store is a 70,000-s.f., full-service supermarket with an emphasis on fresh, […]
Posted in, C-Store News, Home Page Latest News, National
Survey: Consumers Recognize Community Benefits Of C-Stores
With the 2016 NACS Show beginning Tuesday, Oct. 18, in Atlanta, the National Association of Convenience Stores has released a national consumer survey that nearly three in four (71 percent) Americans say that convenience stores are a good fit with their community’s values, and an even higher percentage (77 percent) say they would be “very” […]
Posted in, Home Page Latest News, Independent Store News, Northeast
McKinnon’s Market Recognized As New Hampshire’s Supermarket Of The Year
McKinnon’s Market was named Supermarket of the Year and Jeannotte’s Market of Nashua, New Hampshire, earned Grocer of the Year honors from the New Hampshire Grocers Association (NHGA). They received their awards at NHGA’s Fall Conference last week. McKinnon’s Market began in 1946 and is celebrating its 70th anniversary this year. The Penta family has […]
Posted in, Northeast
Hannaford Launches 10 EV Charging Stations, And More…
Grocery News In Brief… Hannaford Supermarkets has launched 10 fast-charging electric vehicle stations at stores in Maine and in Greater Albany, New York. The five Maine locations are the first major retail sites in the state to offer electric vehicle owners the chance to charge up their cars while they shop. The Maine locations are […]
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, Northeast
Cosi Prepares For Sale
Cosi Inc., the fast-casual restaurant company, is aggressively seeking qualified bidders who may have an interest in purchasing substantially all of its assets in a sale process under Section 363 of the Bankruptcy Code. The company says that the bidding procedures and sale schedule, which are pending approval of the Bankruptcy Court, will be available on […]
Posted in, Beverage News, Home Page Latest News, National, Suppliers
Tobacco Giant Becomes Significant Shareholder In AB InBev After $100B SABMiller Merger
In connection with this week’s official $100 billion merger of Anheuser-Busch InBev and SABMiller, Altria Group Inc. received 185,115,417 restricted shares of the combined company, AB InBev, representing a 9.6 percent economic and voting interest in AB InBev, and approximately $5.3 billion in pre-tax cash. In addition, Marty Barrington, Altria’s chairman, CEO and president, and […]
Posted in, Northeast
7-Eleven Parent Plans To Expand Acquisitions In Next Few Years, And More…
Convenience Store News In Brief… Seven & i Holdings Co., the parent of 7-Eleven, plans to expand its convenience store business in North America and seek more acquisition opportunities. “We will speed up expansion in North America by accelerating acquisitions,” said Ryuichi Isaka, president of Tokyo-based Seven & i. As part of Seven & i’s […]
Posted in, Home Page Latest News, Independent Store News, Southeast, Store News
Western Markets To Debut New Mountain Brook Store In Birmingham On Thursday
Alabama’s Western Markets will host a grand opening of its new Mountain Brook store in the Lane Parke development of Mountain Brook Village in Birmingham on Thursday, Oct. 13. A ribbon-cutting ceremony will begin at 9 a.m. The new Western Market will replace an existing store, which the grocer has called home since 1959. “We’re a […]
Posted in, Northeast
National C-Store Sales Strong After Nine-Month Mark
Convenience retailer optimism picked up sharply as sales of both in-store items and motor fuels remained strong for the first nine months of the year, according to a survey of retailers released by the National Association of Convenience Stores (NACS). More than two in three convenience retailers (69 percent) say that in-store sales in the […]
Posted in, Northeast
Harvard University Dining Service Workers Begin Strike, And More…
Foodservice News In Briefs… Harvard University dining service workers began a strike Oct. 5. The workers are seeking a minimum salary of $35,000 and more affordable healthcare… Cosi of Boston, a fast-casual restaurant company that last week filed for Chapter 11 bankruptcy, has appointed Randy Kominsky of Alliance For Financial Growth to serve as chief […]
Posted in, Northeast
NRF Forecasts 3.6 Percent Jump In Holiday Sales, And More…
New Channels News In Brief… The National Retail Federation expects sales in November and December, excluding automobiles, gas and restaurant sales, to increase 3.6 percent to $655.8 billion—significantly higher than the 10-year average of 2.5 percent and above the seven-year average of 3.4 percent since recovery began in 2009. Holiday sales in 2015 increased 3.0 percent over the […]
Posted in, Home Page Latest News, Independent Store News, Midwest, Shelby Content, Shelby Signature Content, Special Section, Store News
A Family Tradition: Staying True To Roots Keeps Metcalfe’s Ahead Of The Competition
Metcalfe’s Market may be nearing the century mark, but this is a family-owned business that always seems to be a step ahead of what’s next. A hot topic of late has been grocery delivery. Metcalfe’s Market has been doing that for 15 years. Grocers these days are putting a strong focus on perishables, including beautiful […]
Posted in, Northeast
Boxed Wholesale Named A Best Place To Work In NYC, And More…
New Channels News In Brief… Boxed Wholesale of New York City, the online wholesale shopping club with no membership fees, has been named to the 2016 Best Places to Work in New York City list by Crain’s New York Business and Best Companies Group. In 2015, co-founder and CEO Chieh Huang created a fund to […]
Posted in, Home Page Latest News, Midwest, Store News
Food Retailers Week In Michigan Runs Through Sept. 30
Michigan’s food industry directly supports 198,000 full- and part-time jobs, along with an additional 75,000 indirect jobs. The food industry also contributes a gross total of $24.8 billion to the state’s economy through its direct sales, indirect economic impact on other industries and employment. These are among the reasons Michigan Gov. Rick Snyder has declared […]
Posted in, Northeast
NRA Praises House Attempt To Delay DOL Overtime Rule
The National Restaurant Association (NRA) has issued a statement of support for the House of Representatives attempt to allow a six-month delay in the effective date of the Department of Labor’s new overtime rule. “We thank Congressman Tim Walberg (R-Michigan) for his continued leadership on this bipartisan effort to bring much needed relief to America’s one […]
Posted in, Northeast
Former McDonald’s Executive Joining Dunkin’ Donuts, And More…
Foodservice News In Brief… Dunkin’ Brands has named David Hoffmann president of Dunkin’ Donuts U.S. and Canada, effective Oct. 3. Hoffmann joins Dunkin’ Brands after 22 years with McDonald’s Corp., where he most recently served as president of the company’s high growth markets, which includes China, South Korea, Russia and several additional European markets. Hoffmann […]
Posted in, Home Page Latest News, Independent Store News, Market Profile, Shelby Content, Shelby Signature Content, Southeast, Store News
Old Competitors And New Vie For Market Share In Rapidly Growing Carolinas
by Alissa Marchat/staff writer It’s been a busy year for the grocery industry across the country, but nowhere does there seem to be quite as much activity as in North Carolina and South Carolina. Between new stores, closures and the introduction of new competitors, grocers in the Carolinas have their work cut out for them […]
Posted in, Northeast
More Than 180 Merchant Groups Oppose Debit Reform Repeal, And More…
Convenience Store News In Brief… More than 180 merchant associations have sent a joint letter to Capitol Hill urging members of Congress to protect debit reform and to reject language in the Financial Choice Act seeking to repeal it. The letter highlights the benefits of debit reform, which the groups say injected competition into the […]