Good Foods Holdings has acquired a majority equity interest in Metropolitan Market, a Seattle-based premium grocer. Good Food Holdings is the parent holding company of Bristol Farms of California. Terry Halverson, founder of Metropolitan Market, who remains its chairman and CEO, has become a significant investor in Good Food Holdings and a member of its […]
Tag: financial
Posted in, Corporate Store News, West
Raley’s to Close Two More Stores
Raley’s said Friday it will close two more stores as a protracted labor struggle continues, according to the Sacramento Business Journal. The West Sacramento-based grocery chain said it would close its Bel Air store on East Gibson Road in Woodland and its Raley’s store in Pittsburg in October. Jobs will be eliminated but employees will […]
Posted in, Beverage News, Corporate Store News, Midwest
Kroger Donates ‘Pink Out The Park’ Detroit Tigers Tickets
Approximately 200 breast cancer survivors, their family members and caregivers will be treated to a special “Pink Out the Park” event at Comerica Park in Detroit on Sept. 5, thanks to the generosity of Kroger. The Pink Out the Park event is a partnership of the Barbara Ann Karmanos Cancer Institute and the Detroit Tigers […]
Posted in, Midwest, Suppliers
Ball Closing Two Plants in Ohio and Florida
Ball Corp. is ceasing production at two North American beverage packaging manufacturing plants to consolidate the company’s 12-oz. beverage can and end production capacity to meet changing market demand. Ball will cease production at its metal beverage packaging plants in Columbus, Ohio, and Gainesville, Fla., by the end of the fourth quarter of 2012, subject […]
Posted in, Suppliers, West
Monsanto Gives $4.2M to Kill California GMO Labeling Initiative
New campaign finance reports reveal that Monsanto Co. recently contributed $4.2 million to defeat Proposition 37, which would require labeling of genetically engineered food. That is the largest contribution in the race. Total contributions to defeat Proposition 37 amount to $25 million, and nearly $23 million during the last week. Other major new contributions against […]
Posted in, Equipment & Technology, National
Leading Retailers Form ‘MCX’ To Deliver Mobile Wallet
A group of the nation’s leading merchants has formed Merchant Customer Exchange (MCX), a new company dedicated to offering consumers a versatile mobile-commerce experience that will combine the convenience of paying at the register with customizable offers. Development of MCX’s mobile application is under way. The initial focus centers on offering merchants a mobile-commerce solution […]
Posted in, C-Store News, National
NAM Signs Circle K Stores to In-Store Network
News America Marketing (NAM), the premier publisher of coupons in the U.S. and Canada, producing more than 165 billion coupons annually, has announced that Circle K convenience stores, one of the largest convenience store chains in North America with 3,050 U.S. locations, will be joining its expansive in-store marketing network—effective immediately. The agreement marks an […]
Posted in, Corporate Store News, West
Bristol Farms Newport Beach Re-Opens
Bristol Farms opened the doors to its newly-remodeled Newport Beach, Calif., store on Wednesday with a line of customers anticipating the new design and new look of Bristol Farms, just in time to close out summer and move into fall. The checkout lines stayed flowing as scores of curious and enthusiastic shoppers swarmed the aisles […]
Posted in, Midwest, Suppliers
Kraft Approves Spin-Off of North American Grocery Business
Kraft Foods Inc.’s board of directors has approved the spin-off of its North American grocery business and declared a pro rata distribution of shares of Kraft Foods Group Inc. (which will hold the North American grocery business) to holders of Kraft Foods Inc. common stock. The board also declared a regular quarterly dividend of $0.29 […]
Posted in, C-Store News, Southeast
Couche-Tard Acquires 29 Stores in Orlando
Alimentation Couche-Tard Inc. has signed, through its indirect wholly-owned subsidiary, Circle K Stores Inc., an agreement to acquire 29 stores in Orlando, Fla., from Florida Oil Holdings LLC. The transaction is anticipated to close at the end of this month. The transaction is subject to standard regulatory approvals and closing conditions. According to a confidentiality […]
Posted in, C-Store News, West
7-Eleven Signs Agreement To Purchase Tetco Assets
7-Eleven Inc. has signed an agreement to acquire the retail and wholesale assets of San Antonio-based Tetco Inc. The assets include company-operated convenience stores in Utah and the Dallas-Fort Worth, Austin and San Antonio areas of Texas plus fuel distribution to Tetco’s wholesale-distributors. Terms of the deal were not disclosed, and closing is expected in […]
Posted in, Equipment & Technology, Southeast
Publix Tests Online Coupon Program
Publix is testing an online coupon program as a convenient alternative to the paper variety. The Tampa Bay Business Journal reports that the pilot program began a few weeks ago at 10 stores in Ocala, Fla., and 29 stores in Alabama. Shoppers sign up and log on to the service where they have access to […]
Posted in, Corporate Store News, Southwest
Sprouts, Sunflower Donate $100K To Aurora Victim Relief Fund
Sprouts Farmers Market and Sunflower Farmers Market have donated $100,000 to the Aurora Victim Relief Fund to benefit the immediate and long-term needs of victims of the mass shooting in Aurora, Colo., in July. The large contribution represents proceeds of the sale of excess equipment from Sprouts’ recent merger with Sunflower Farmers Market. Sprouts Farmers […]
Posted in, Equipment & Technology, Marketing News, West
Kroger, Safeway Try Customized Pricing
A New York Times report says that Kroger Co. and Safeway Inc. are among the large grocery chains using various methods to determine individualized prices for their shoppers. The retailers are hoping to improve razor-thin margins by creating specific offers and prices, based on shoppers’ behaviors, that could encourage more spending, the Times says. The […]
Posted in, C-Store News, West
Safeway Ends 3-Cent Gas Discount Offer
Safeway Inc. has ended its offer of a 3-cent-per-gallon discount on gasoline sold at pumps outside its stores to customers with Safeway loyalty cards. But the Pleasanton, Calif.-based grocer said it would continue to offer a sliding gas discount as a reward to its club-card customers based on purchases inside its stores, the Denver Business […]
Posted in, C-Store News, National
Thorntons Joins List Of Merchants Opposing Settlement With Visa, MasterCard
Thorntons Inc. is opposing the proposed settlement of longstanding antitrust litigation between retailers and the credit card industry. The proposed settlement, announced on July 13, does not make meaningful changes to the broken credit card swipe fee market and it broadly restricts merchants’ rights to challenge the card industry’s anticompetitive practices in the future, according […]
Posted in, Marketing News, Northeast
Radian Develops Plan To Assist A&P In Turnaround Efforts
Radian, a leading U.S. provider of merchandising consulting services to the retail industry, has announced the “success of its strategic merchandising plan” for The Great Atlantic & Pacific Tea Co. (A&P). As part of its partnership with A&P over the last 18 months, Radian says it has helped establish and ingrain a myriad of core […]
Posted in, National, Suppliers
Campbell Completes Acquisition of Bolthouse Farms
Campbell Soup Co. has announced that it has completed the acquisition of Bolthouse Farms from a fund managed by Madison Dearborn Partners LLC, a private equity firm, for $1.55 billion in cash. Campbell funded the acquisition through a combination of short- and long-term borrowings. Headquartered in Bakersfield, Calif., Bolthouse is a vertically integrated food and […]
Posted in, Corporate Store News, Southeast
Publix Super Markets Raises $2.5M For CMN Hospitals
Publix Super Markets customers and associates once again showed their immense support for local sick and injured children during the annual Children’s Miracle Network Hospitals in-store fundraiser. This year’s campaign raised $2,507,029, a record-breaking amount and 25 percent increase over 2011 totals. Funds generated from the May 26 –June 16 campaign will directly benefit 19 […]
Posted in, Marketing News, Northeast
Scott Brand Launches Scott Shared Values
The Scott Brand has created Scott Shared Values, a program that provides savvy consumers with exclusive access to exciting deals and rewards. Becoming a member of Scott Shared Values is easy; sign up at ScottBrand.com. Through the Scott Shared Values program, consumers will gain access to special savings toward Scott bath tissue and paper towels, […]