Amazon.com is working on a checkout system for brick-and-mortar retail stores that includes using the company’s Kindle tablet device, according to the Puget Sound Business Journal. The Wall Street Journal reports Amazon would give retailers Kindles and credit-card readers for checking out customers, and could offer retailers other services, such as data analysis and website […]
Tag: financial
Posted in, National
Congress Finally Reaches Compromise On Farm Bill
The negotiations over the Farm Bill could be at an end, as late yesterday House and Senate committees reached a bipartisan agreement on the Farm Bill that has been delayed for more than a year. The bill, which still needs to be approved by both the House of Representatives and the Senate before going to […]
Posted in, Grocery News, National
Logic Captures No. 2 Dollar Share Spot Within E-Cig Industry
Logic Technology, makers of premium electronic cigarettes, has released the the results of the latest unit share report from Nielsen’s C-Track Database and Wells Fargo Securities LLC, indicating Logic has claimed the No. 2 spot for dollar share in convenience stores nationwide, and strengthened its No. 2 position for electronic cigarettes in unit share. Logic […]
Posted in, National, Store News
Target Expands Data Breach Impact To 70M Customers; Says Additional Info Was Stolen
Target said Friday that the number of customers affected by the data breach at its U.S. stores late last year is 70 million. The Minneapolis-based retailer originally reported that the debit and credit card information of 40 million customers had been compromised. Target also said that more than just payment card information was taken during […]
Posted in, National, Store News
Save-A-Lot Posts Positive Results For 3Q, Supervalu Sales Down
Supervalu on Thursday reported its third quarter 2014 results, and the company said its Save-A-Lot banner sales and earnings are up from the same time a year ago. The discount banner’s net sales were $991 million compared to $966 million last year, an increase of 2.6 percent, reflecting the impact from network identical store sales […]
Posted in, Executive News, National
Family Dollar President Departs Company
Family Dollar Stores Inc. said Jan. 9 that Michael K. Bloom, president and COO, has left the company to pursue other interests. The Matthews, N.C.-based retailer said it will get a search under way for a new president/COO. “Since joining Family Dollar in 2011, Mike has been a valued part of our team,” said Family […]
Posted in, Store News, West
Report: Bankrupt Mi Pueblo Evaluating Possible Sale Or Financial Lifeline
San Jose, Calif.-based grocery chain Mi Pueblo Foods, which filed for Chapter 11 bankruptcy protection last July, has asked for court permission to hire investment bankers as it seeks a financial lifeline or a possible sale of the company. The Silicon Valley Business Journal reports that Mi Pueblo wants to retain Piper Jaffray, the Minneapolis-based […]
Posted in, National, Store News
Target’s Investigation Into Breach Continues, Encrypted PIN Data Confirmed Stolen
Target says it continues its investigation into a data breach that compromised approximately 40 million customers’ debit and credit card information. “While we are still in the early stages of this criminal and forensic investigation, we continue to be committed to sharing the facts as they are confirmed,” Target says in a statement posted on […]
Posted in, National, Store News
Target CEO Offers Free Credit Monitoring, Video Apology For Data Breach
Gregg Steinhafel, chairman, president and CEO of Target, has issued a video apology for the data breach that has impacted some 40 million of its customers, and resulted in several lawsuits, according to reports. “We understand that a situation like this creates stress and anxiety about the safety of your payment card data at Target,” […]
Posted in, Albertsons, Equipment & Technology, National
MoneyGram Signs Agreement With New Albertson’s Inc.
MoneyGram, a leading global money transfer company, has signed an agreement with New Albertson’s Inc. (NAI) to offer money transfer, bill payment and money order services in all Acme Markets, Jewel-Osco, Shaw’s and Star Markets grocery stores. The new agreement with NAI includes provisions that will allow customers to interact face to face with customer […]
Posted in, Independent Store News, West
Sales Up, Earnings Down At Stater Bros. For 4Q And Fiscal 2013
Stater Bros. has reported its sales and earnings results for its fourth quarter and fiscal 2013 year ended Sept. 29. Fourth quarter fiscal 2013 sales were $960.4 million, an increase of $3.2 million, or 0.33 percent, compared to normalized 13-week 2012 fourth quarter sales. Fiscal 2013 sales were $3.9 billion, an increase of $54.4 million, […]
Posted in, National, West
Unified Reports $17M Loss For Fiscal 2013
Unified Grocers Inc. has released its results for the fiscal year ended Sept. 28. The Los Angeles-based cooperative reported gross billings of $3.743 billion and net sales of $3.692 billion, a decrease of 1.4 percent and 1.9 percent, respectively, compared to the prior fiscal year ended Sept. 29, 2012. The company reported a net loss […]
Posted in, Corporate Store News, Southeast
Ingles Reports 49th Consecutive Year Of Sales Growth
Ingles Markets Inc. on Monday reported record sales of $3.74 billion for fiscal 2013, its 49th consecutive year of sales growth. Net income for the fourth quarter totaled $15.6 million, 17.2 percent higher than net income of $13.3 million for the fourth quarter of fiscal 2012. For the full fiscal years, net income was $20.8 […]
Posted in, Executive News, National
Chobani Names Golechha To CFO Post
Chobani Inc., maker of America’s No. 1-selling Greek yogurt brand, has named Dipak Golechha as its CFO. Golechha joins Chobani after 18 years at Procter & Gamble where he held a variety of finance, operational and management positions, including CFO of the global snacks division. He will report directly to Hamdi Ulukaya, Chobani’s founder and […]
Posted in, National
How Transportation Costs Affect Fresh Fruit And Vegetable Prices
Fuel prices, understood to be a major driver of food prices in the U.S., can have significant impacts on food price levels and volatility, according to a recently released report from the USDA’s Economic Research Service. Since consumer demand for fruits and vegetables has been proven to be price sensitive, fuel price surges could significantly […]
Posted in, Southwest, Store News
Natural Grocers Reports Positive Results For 4Q, FY 2013
Natural Grocers by Vitamin Cottage posted positive results for its fiscal 2013 fourth quarter and for its fiscal year ended Sept. 30. Fourth quarter net sales increased $25.2 million, or 28.1 percent over the same period in 2012, to $115.2 million due to a $15.7 million increase in sales from new stores and a $9.5 […]
Posted in, National, Suppliers
Blue Diamond Posts Record Sales And Revenue
Blue Diamond Growers’ global almond sales soared to $1.2 billion, up $189 million in fiscal year 2012-13. Value-added sales volume increased by 14 percent, even with a crop that was 7 percent smaller, according to President and CEO Mark Jansen, who addressed the cooperative’s grower owners at the company’s annual meeting. Value-added sales now represent more […]
Posted in, National, Store News
C&K Market Files Chapter 11 Bankruptcy, Will Keep About 40 Stores
To address legacy costs, sell or close underperforming stores and resolve debt issues, C&K Market Inc. has filed a voluntary petition for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Oregon, Eugene. C&K’s operations are expected to continue as normal throughout the bankruptcy process as it develops a reorganization plan. The […]
Posted in, Midwest, Store News
New Food Distribution Customers Give Nash Finch 3Q Sales Boost
Nash Finch today reported a 3.5 percent increase in third quarter 2013 sales compared to the same period a year ago. Sales for the company’s third quarter, ended Oct. 5, totaled $1.56 billion compared to $1.51 billion in the prior-year quarter. The Minneapolis-based wholesaler said the increase was “primarily attributable to sales to new customers […]
Posted in, National, Store News
Whole Foods Reports Record FY13 Results, But Cools 2014 Outlook
When is forecasting 11 percent to 13 percent sales growth and identical stores sales growth in the range of 5 percent to 6.5 percent not a positive thing? The answer: when the company doing the forecasting is Whole Foods Market. Despite record earnings, record store openings and record total sales in fiscal year 2013, investors […]