The Fresh Market Inc. says its net income jumped 43 percent during the first quarter of fiscal 2012 compared with that time period a year ago. The Business Journal reports that the Greensboro, N.C.-based company said its net income reached $19.3 million in the first quarter, compared with $13.5 million in first quarter of 2011. […]
Tag: financial
Posted in, Beverage News, Equipment & Technology, National
Citgo Introduces ‘Good Rewards’ Program For Visa Account Holders
Houston, Texas-based Citgo Petroleum is launching Citgo Good Rewards, a summer promotion that allows consumers to earn Citgo gift cards with eight minimum purchases of $20 or more made with a Visa card enrolled in the program. Running through Sept. 20 in all Citgo markets, the program is designed to give customers even more reasons […]
Posted in, C-Store News, Midwest
Jim Carroll To Deliver Keynote At Gilbarco’s Upcoming Summit
World-leading international futurist Jim Carroll will deliver the keynote address at Gilbarco Veeder-Root’s Digital Forecourt Marketing Summit on June 26-27 in Chicago. As a trends and innovation expert, Carroll helps growth-oriented organizations transform into high-velocity innovation heroes. His clients range from Northrop Grumman to Johnson & Johnson, the Swiss Innovation Forum to the National Australia […]
Posted in, Marketing News, National
Prevalence Of Private Label Products—Part Of The ‘New Normal’
The just completed wave of shopper research on private label usage conducted by Perception Research Services (PRS), shows the vast majority of shoppers still purchase some private label products on a regular basis (86 percent—on par with the 84 percent seen in November 2010). This is true across income groups and other types of classification. […]
Posted in, Northeast
Chip O’Hare Honored as MFA’s Person of the Year
The Massachusetts Food Association (MFA) honored JOH’s Chairman and CEO Harry “Chip” O’Hare last weekend as its 2012 Person of the Year with the presentation of the Milton W. Segel Distinguished Service Award. O’Hare’s selection was based on his decades of service to the MFA and the CPG industry. O’Hare joined the MFA Board of […]
Posted in, National, Southwest
Colorado Farm Linked to Listeria Outbreak Files for Bankruptcy
The Colorado farm that grew cantaloupes linked to a listeria outbreak that killed more than 30 people last year has filed for Chapter 11 bankruptcy protection, court documents showed. Reuters reports that Jensen Farms of Holly, Colo., listed $2.1 million in assets and more than $2.5 million in liabilities in documents filed on Friday in […]
Posted in, West
Colorful Harvest Hosts Strawberry Guitar Auction For ‘Lifting Lives’
Colorful Harvest, one of the fastest growing produce companies on the West Coast, is holding an online auction of a Musical Harvest strawberry guitar to benefit the Academy of Country Music’s (ACM) charity Lifting Lives®. The custom built guitar was signed by award-winning country artists at the recent ACM Awards show in Las Vegas, including […]
Posted in, Southwest
Sprouts, Sunflower Complete Merger; New Phoenix Stores Planned
Sprouts Farmers Market and Sunflower Farmers Market have completed their proposed merger, and three new Arizona stores are planned. The Phoenix Business Journal reports that plans call for opening a new store in Ahwatukee in September and another in Phoenix and Flagstaff in early 2013. Each store will hire about 80 people. While company officials […]
Posted in, Midwest
General Mills Buying Brazilian Food Maker For Nearly $1B
General Mills Inc. said Thursday it is buying privately-held Brazilian packaged-food maker Yoki Alimentos for $958 million, reports the Minneapolis/St. Paul Business Journal. The price includes the assumption of $98 million in debt, Golden Valley, Minn.-based General Mills said in a filing with the U.S. Securities and Exchange Commission. The company said it expects the […]
Posted in, National, Southeast
Pringles, USO Support Troops With ‘Taste Of Home’ Free Cans Of Pringles
Pringles is teaming up with the USO (United Service Organizations) this Memorial Day to honor the men and women of the U.S. Armed Forces with a “Taste of Home.” Pringles is delivering more than 43,000 free cans of Pringles to USO Centers to be distributed to troops deployed around the world in appreciation of their […]
Posted in, Beverage News, Marketing News, Southeast
Coke Among Most Valuable Brands
Atlanta remains home to three of the world’s most valuable brands, including Coke—and those brands’ values are still growing. According to a study by annual BrandZ study by market researcher Millward Brown, The Coca-Cola Co., UPS and The Home Depot are among the 100 most valuable brands on earth. The Atlanta Business Journal reports that […]
Posted in, National, Organic Natural
Americans Support Doubling Food Stamp Value At Farmers Markets
Three-quarters of Americans support a nationwide program to double the value of Supplemental Nutrition Assistance Program (SNAP) benefits (formerly food stamps) when used at farmers markets, according to a recent survey commissioned by the W.K. Kellogg Foundation. The poll finds strong support for making produce affordable and accessible to all Americans and that, officials at […]
Posted in, Midwest
General Mills Cutting 850 Jobs
General Mills said today that it is eliminating 850 jobs worldwide in an effort to cut costs. Golden Valley, Minn.-based General Mills said in a news release the move would cost $109 million, with most of that being recorded in the fourth quarter, which ends May 27. General Mills said the move is “designed to […]
Posted in, Northeast, Suppliers
Wegmans Completes Distribution Hub In Pottsville, Pa.
The opening of the third building at Wegmans Food Markets’ Retail Service Center in Pottsville, Pa., completes a distribution hub that helps the company bring a full range of products to stores, fresher and more quickly than ever before. It also reduces transportation costs, so the company can continue offering customers consistent low prices. Wegmans’ […]
Posted in, Beverage News, Marketing News, National, Suppliers
U.S. Bottled Water Consumption Increases 4.1 Percent
The International Bottled Water Association (IBWA), in conjunction with Beverage Marketing Corporation (BMC), has released 2011 bottled water statistics, compiled by BMC, a research, consulting and financial services firm dedicated to the global beverage industry. The new BMC data shows the overall consumption of bottled water has increased by 4.1 percent, building on 2010’s solid […]
Posted in, Southeast
Publix Promotes Gino DiGrazia to VP of Finance
Lakeland, Fla.-based Publix Super Markets Inc. has promoted Gino DiGrazia to VP of finance. In addition to his current responsibilities for business analysis and reporting (BAR), DiGrazia assumes many of the responsibilities previously held by Kelly Underhill, director of tax and treasury, who retired from Publix on March 30, after 22 years of dedicated service. […]
Posted in, C-Store News, Midwest
7-Eleven In Negotiations To Buy Open Pantry Stores In Wisconsin
7-Eleven Inc., the convenience store chain that serves up Slurpees and the super-sized Big Gulp sodas, is working to acquire most of the Open Pantry chain. Milwaukee’s Journal Sentinel reports that the purchase would again give 7-Eleven a foothold in Wisconsin. The Dallas-based chain has 6,800 stores across the United States, but none in Wisconsin. […]
Posted in, Equipment & Technology, West
New Loyalty Program Begins At C&K Market
C&K Market Inc., operating 62 stores in Oregon and California under the banners Ray’s Food Place, Shop Smart, and C&K Market, has signed with Accelitec Inc., to launch a Customer Relationship Management platform. The launch of this new platform is an exciting step forward for the family owned and privately held Brookings,Ore.-based company, according to […]
Posted in, Beverage News, West
FreshWorks Pledges $125M Loan Fund To Bring Fresh Food To Neighborhoods
The California FreshWorks Fund has announced that a coalition of grocers, banks and other entities are collaborating on a $125 million loan pool effort to get more fresh food made available in low-income neighborhoods. The Sacramento Business Journal reports that the fund will offer grocers access to alternative financing options as well as incentives to […]
Posted in, Midwest
Nash Finch Buying Omaha’s No Frills Supermarkets
Nash Finch Co., Minneapolis-based food distributor, announced today that U Save Foods Inc., a Nash Finch wholly owned subsidiary, has entered into an agreement to purchase the No Frills Supermarkets. Fourteen stores are located in Nebraska, 12 of which are in the Greater Omaha market; four stores are located in western Iowa. No Frills is […]