Kimberly-Clark Corp. is planning to open a new distribution center in Southaven, Tenn.—taking yet another large space off the local industrial market, according to local real estate sources. The Dallas-based personal care products company has targeted Airways Distribution Center Building D for the operation, reports the Memphis Business Journal. The 556,600-s.f. building in Southaven was […]
Tag: business
Posted in, Southwest
US Foods Signs New Lease for River Corporate Center
US Foods has signed a new 12-year lease at River Corporate Center in Tempe, Ariz., the Phoenix Business Journal reports. Terms of the deal were not disclosed. US Foods will lease 133,225 s.f. at the center located at 8075 S. River Pkwy. in the Arizona State University Research Park. The Rosemont, Ill.-based food distributor will […]
Posted in, Southeast
Winn-Dixie CEO creates resource center for employees
Winn-Dixie Stores Inc. Chairman, President and CEO Peter Lynch has created a merger resource center to disseminate information to company employees and intends to communicate details about the impending sale of the company to BI-LO LLC on a weekly basis, reports the Jacksonville Business Journal. The grocer announced the sale earlier this month to the […]
Posted in, Southeast
Winn-Dixie Shareholders Attempt to Block Sale with Lawsuit
A dissident group of shareholders would like to put the brakes on BI-LO LLC.’s purchase of Jacksonville, Fla.-based Winn-Dixie Stores Inc., reports the Jacksonville Business Journal. A group of Winn-Dixie shareholders has filed a class action lawsuit against the grocer and members of its board of directors potentially blocking the proposed sale to the South […]
Posted in, Southeast
Ruddick Seeks Name Change to Harris Teeter Supermarkets
Ruddick Corp. has sold its thread-making subsidiary and now wants its corporate name to reflect its remaining line of business, the Harris Teeter grocery chain. The company filed with the Securities and Exchange Commission recently its intention to seek shareholder approval to be known as Harris Teeter Supermarkets Inc., reports the Business Journal. Investors also […]
Posted in, Midwest
ConAgra, General Mills Optimistic for New Year
Omaha, Neb.-based ConAgra Foods Inc. and Minneapolis-based General Mills Inc. both are banking on earnings growth in the second half of their fiscal years, following muted first-half results with margins down from higher costs and sales volume crimped by rising prices, reports The Wall Street Journal. On Dec. 20, “the two packaged-food giants posted double-digit […]
Posted in, National
New World Pasta Buys No Yolks and Wacky Mac Dry Pasta Brands
Harrisburg, Pa.-based New World Pasta Co. has entered into an agreement to acquire the No Yolks® and Wacky Mac® dry pasta brands and certain assets from Strom Products for $50 million. The transaction is expected to close by Dec. 31. “The No Yolks brand commands the No. 1 market share position within the dry pasta […]
Posted in, West
Seattle Plastic Bag Ban One Step Closer to Reality
The Seattle City Council voted unanimously Monday for a broad band on plastic shopping bags for businesses ranging from farmers markets to department stores. The bill would require stores to charge a 5-cent fee to shoppers if they want paper bags to hold their purchases. The bill now goes to Mayor Mike McGinn for his […]
Posted in, National
Former Chicago Mayor Daley Elected to Coco-Cola Board
The Board of Directors of The Coca-Cola Co. has elected Richard M. Daley as a director of the company. Daley, 69, is the former mayor of Chicago and currently serves as counsel at the international law firm Katten Muchin Rosenman LLP and is the managing principal of Tur Partners LLC, an investment and advisory firm. […]
Posted in, Corporate Store News, National
Kroger To Merge Four Pension Funds
In a move expected to reduce Kroger Co.’s annual pension contribution expense and secure pension benefits for more than 65,000 employees, the Cincinnati-based grocer will merge four of the UFCW/multi-employer pension funds into a new fund Jan. 1, according to the Los Angeles Business Journal. Kroger expects to contribute about $650 million to the new […]
Posted in, West
Shih Appointed to Starbucks Board of Directors
Seattle-based Starbucks Corp. has named Clara Shih to the Starbucks Board of Directors. Shih, the CEO of Hearsay Social, will serve on the board’s nominating and corporate governance committee. “Clara is a true technology leader and will bring fresh insight to our strong and forward-thinking board,” said Howard Schultz, chairman, president and CEO of Starbucks. […]
Posted in, West
Unified’s 2011 Earnings Down Over Last Year
Unified Grocers, the largest wholesale grocery distributor in the Western United States, announced earnings of $7.4 million for the fiscal year ended Oct. 1, as compared to earnings of $11.0 million for the same time a year ago. The value of one share of stock held in the company rose to just more than $312, […]
Posted in, National, Suppliers
Kraft Research Details the Company’s Effects On Climate
Kraft Foods shared results on Dec. 14 of a pioneering survey that measured its impact on climate change, land and water use. The multi-year foot printing project — in partnership with Quantis Inc. and reviewed and analyzed by World Wildlife Fund and notable academics at the University of Minnesota’s Institute on the Environment — goes […]
Posted in, Marketing News, National
‘The Why? Behind the Buy’ Results Released
Acosta Sales & Marketing, a full-service sales and marketing agency in the consumer packaged goods (CPG) industry, has released its fall 2011 “The Why? Behind the Buy™” report with results from a nationwide survey that collects data on grocery shopper habits heading into the winter months. Shopper trends in the current survey include: Shoppers taking […]
Posted in, Marketing News, National
Save Mart Supermarkets Selects Vertis Communications
In a move to optimize its marketing investment and outpace its competition, Save Mart Supermarkets has named marketing communications company Vertis Communications as its exclusive provider of advertising inserts printing and logistics. This new contract, a complement to Media Services Vertis currently provides to Save Mart, will enhance the quality and speed-to-market of compelling inserts […]
Posted in, National
Dollar Stores Now Outnumber National Drug Store Chains
As of mid-year 2011, the combined store count of the four major dollar store chains – Dollar General, Dollar Tree, Family Dollar, and 99 Cents Only – has surpassed that of the three biggest national drug store chains – Walgreens, CVS and Rite Aid, according to a new study released by Colliers International. The white […]
Posted in, Marketing News, National
Duracell Launches Holiday Insurance Program
Duracell and Chris Daughtry are teaming up for a Holiday Insurance Program featuring unique content on Facebook.com/Duracell, advice from toy experts, free hourly giveaways and access to toy reviews from real kids. Duracell is hosting a special concert on Facebook with Chris Daughtry on Dec. 14. In order to watch the concert, consumers “like” Duracell’s […]
Posted in, West
Family Dollar Expands to California Market
On Nov. 17, Family Dollar officially marked its entrance into The Golden State with four new stores in the cities of Ontario, Fontana, Rialto and Riverside, all in San Bernardino County. Matthews, N.C.-based Family Dollar, one of the fastest-growing discount retail chains in the country, continues to expand its footprint across the United States. In […]
Posted in, Southwest
Snyder’s-Lance Will Close Corsicana Plant
Snyder’s-Lance Inc. announced Nov. 9 plans to close its salty snacks manufacturing facility in Corsicana, Texas, effective Feb. 10. As a part of integration efforts since the company was formed in a merger on December 9, 2010, Snyder’s-Lance conducted a comprehensive review of their total manufacturing network. Based on that review, management has decided to […]
Posted in, Southwest
Poll: Most Austinites Support Alternative to Bag Ban
A recent poll of Austin residents indicates that an overwhelming majority—72 percent—would support an alternative to a proposed plastic bag ban, which if enacted, could prevent local retailers from providing plastic bags to customers when they check out. More than 400 registered voters were contacted by phone between Sept. 25 and Oct. 2 by data […]