Heritage Grocers Group (HGG) has shared multiple leadership transitions within the company, as Suzy Monford steps down from her role as chairwoman and CEO to pursue other opportunities. She had joined the company in November 2024. HGG has named industry veteran David Hirz chairman of the board and is instituting an Office of the CEO […]
Tag: David Hirz
Posted inHome Page Latest News, Corporate Store News, Industry News, Store News, West
Smart & Final Agrees To Be Acquired By Apollo Funds
Smart & Final Stores Inc., a value-oriented food and everyday staples retailer headquartered in Commerce, California, has entered into a definitive merger agreement with certain investment funds managed by affiliates of Apollo Global Management LLC. According to the agreement, announced April 16, Apollo Funds will acquire all the outstanding shares of Smart & Final’s common […]
Posted inHome Page Slider, Corporate Store News, West
Hirz: Smart & Final’s Fiscal 2018 Performance Was ‘Solid’
On March 13 Smart & Final Stores Inc. reported its results for the fourth quarter and full year ended Dec. 30. For the 52-week year, net sales were $4.74 billion, an increase of 3.7 percent vs. $4.57 billion in 2017. Net sales growth was driven in part by the net sales contribution of new stores […]
Posted in, Home Page Latest News, Store News, West
Smart & Final Reports Sixth Consecutive Quarter Of Comp Sales Growth
Smart & Final Stores Inc. has released its financial results for the fiscal third quarter ended Oct. 7, 2018. Among the highlights of the report, Smart & Final reported a net sales increase of 2.8 percent to $1.497 billion; a comparable store sales increase of 0.6 percent; and gross margin increase of 8.7 percent to $232.4 million. In […]