Miner’s Inc. has reached a tentative agreement to purchase S&R Quisberg Inc.’s Cub Foods and Supervalu grocery stores in Baxter, Brainerd and Pequot Lakes, Minnesota. The Quisberg family, owners of S&R Quisberg’s, have operated retail grocery stores in the region since 1985. As part of the agreement, the store in Baxter will close in September. […]
Tag: Supervalu
Posted inExecutive News, Home Page Slider, Midwest, Wholesaler/Distributor News
Michael Wright, Former Supervalu CEO And Gophers Alumnus, Dies At 81
Michael Wright, who built Supervalu Inc. in the 1980s and 1990s into the nation’s largest grocery wholesaler, died Jan. 27 at his home in Wayzata, Minnesota, according to a report in the Star Tribune in Minneapolis. Wright, who was 81, died of complications from pneumonia. Services will be held at 11:30 a.m. Saturday at the […]
Posted inNortheast, Wholesaler/Distributor News
UNFI Reports Net Sales Of $6 Billion For First Quarter Of Fiscal 2020
United Natural Foods, Inc. (UNFI) reports that its net sales for its first quarter of fiscal 2020 ending Nov. 2, 2019, increased to $6 billion. “We entered the new fiscal year operating with an unmatched geographic footprint, the largest variety of products and services in the industry and the critical scale needed to succeed over […]
Posted inNational, Home Page Slider, Private Label Brands, Shelby Originals, Snacks Brands, Wholesaler/Distributor News
The Private Label Path To The Shelf: UNFI’s Essential Everyday Chips
by Terrie Ellerbee/editor-Midwest Editor’s note: The Shelby Report staff toured the Supervalu private brands facility in 2018, just before United Natural Food Inc.’s (UNFI) acquisition of the company. The staff again visited with private brands associates at this year’s UNFI National Expo and found that some of the products that the Shelby team had sampled […]
Posted inOrganic Natural, National, Specialty, Wholesaler/Distributor News
UNFI Reports Results For Fourth Quarter Of ‘Transformational’ Year
United Natural Foods Inc. (UNFI) reported net sales of $6.41 billion for its fourth quarter ended Aug. 2. Net income was $18.9 billion. “This past fiscal year has been a transformational one for us as we began realizing some of the key benefits and competitive advantages from the Supervalu acquisition that will be the foundation […]
Posted inGrocery News, Home Page Slider, Independent Store News, Industry News, Marketing News, Meat/Seafood/Poultry, Merchandising News, Midwest, Perishables, Store News, Wholesaler/Distributor News
Krause’s Market Wins Record Fourth UNFI Beef Stampede Contest
Krause’s Market in Garrison, North Dakota, earned top honors for a record fourth time in five years in UNFI’s National Beef Stampede Merchandising Contest. More than 600 grocery stores from across the country participate in the annual merchandising contest promoted every fall to showcase beef as the center-of-the-plate protein of choice. Retailers nationwide served by […]
Posted inNational, Home Page Latest News, Wholesaler/Distributor News
UNFI Accelerates Supervalu Integration, Names National Leadership Team
United Natural Foods Inc. (UNFI) said April 22 that in order to accelerate its integration of Supervalu into one organization, it now will operate under a national UNFI leadership team. UNFI says the change will advance its execution of its long-term strategic objectives and short-term synergy, revenue and EBITDA growth objectives. UNFI completed the acquisition […]
Posted inHome Page Slider, Industry News, Supply Chain News, West, Wholesaler/Distributor News
UNFI Plans To Consolidate Five Of Its Distribution Centers
UNFI today revealed plans to optimize its distribution center network in the Pacific Northwest. As part of that optimization, UNFI says it will consolidate five distribution centers into a new 1.2 million-s.f. facility in Centralia, Washington, and a newly expanded, 800,000-s.f. facility in Ridgefield, Washington. UNFI says the new facility and expansion will “enhance customer […]
Posted inNational, Home Page Latest News, Wholesaler/Distributor News
UNFI Reports Net Sales Up 16.7 Percent In 1Q 2019
United Natural Foods Inc. (UNFI) has released its financial results for the first quarter of fiscal 2019 ended Oct. 27, 2018. Highlights of the report are outlined in the table below: 13-Week Period Ended ($ in thousands, except for per share data) October 27, 2018 October 28, 2017 Change Net Sales $ 2,868,156 $ 2,457,545 $ […]
Posted in, Home Page Latest News, Northeast, Store News
Giant Food Stores To Acquire Five Shop ‘N Save Stores
Giant Food Stores has entered into an agreement with Supervalu Inc., a newly acquired subsidiary of United Natural Foods (UNFI), to acquire five corporate-owned Shop ‘n Save locations. Upon completion of the sale, Giant plans to convert the Shop ‘n Save stores into Martin’s Food Markets. The following stores are part of the sale: 22401 Jefferson […]
Posted inHome Page Latest News, Midwest, Recommended Reading, Shelby Content, Store News
Recommended: Supervalu To Close Remaining Shop ‘N Save Stores
Supervalu said Thursday it would close the remaining 16 Shop ‘n Save stores and one remaining fuel center by Monday, Nov. 19. The stores and fuel center are all located in the St. Louis area and in the Springfield, Illinois area. “The decision to close the remaining Shop ‘n Save stores was a difficult decision […]
Posted in, Home Page Latest News, National, Wholesaler/Distributor News
Supervalu Stockholders Approve United Natural Foods Merger
At a special meeting of stockholders held Oct. 18, stockholders of Supervalu Inc. approved the proposed acquisition of Supervalu by United Natural Foods Inc. (UNFI). It was announced in July that UNFI and Supervalu had entered into a definitive agreement under which UNFI would acquire Supervalu for $32.50 per share in cash, or approximately $2.9 billion, including the assumption of outstanding […]
Posted inSoutheast, Home Page Latest News, Store News
Schnuck Markets To Acquire 19 Shop ‘N Save Stores From Supervalu
Supervalu Inc. has entered into a definitive agreement to sell 19 of its 36 Shop ‘n Save grocery stores, primarily located in the St. Louis, Missouri, area, to Schnuck Markets Inc. The transaction is planned to occur with a staggered close process expected to finish by late October 2018, subject to customary closing conditions. As […]
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Blackwells Withdrawing Supervalu Director Nominees
Supervalu Inc. has entered into an agreement with Blackwells Capital under which Blackwells will withdraw its director nominees and vote all of its shares in support of Supervalu’s full slate of directors at the company’s annual meeting of stockholders, to be held on Aug. 16. Blackwells also has withdrawn its stockholder proposal, which was to be considered […]
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Proposed Supervalu Buyout Under Scrutiny By Law Firms Nationwide
Law firms across the country are launching investigations into the proposed sale of Supervalu to UNFI for $2.9 billion, or $32.50 per share. Concerns cited by these firms include “possible breaches of fiduciary duties” and the “adequacy of the price and process” of the sale. Rigrodsky & Long, P.A. announces that it is investigating potential legal […]
Posted inExecutive News, Corporate Store News, Home Page Latest News, Midwest, Store News, Wholesaler/Distributor News
Supervalu Mails Letter, Proxy Cards To Stockholders
Supervalu Inc. has mailed its previously announced letter to stockholders ahead of the company’s upcoming annual meeting being held on Aug. 16. In the letter, Supervalu reiterates that its board has been “a significant agent of change to improve Supervalu’s performance and deliver enhanced value to our stockholders.” The company highlights the board’s grocery industry experience […]
Posted inMidwest, Executive News, Home Page Latest News, Industry News, Wholesaler/Distributor News
Supervalu Releases Investor Presentation Ahead Of Annual Meeting
Supervalu Inc. has released an investor presentation in connection with the company’s upcoming annual meeting of stockholders, to be held on Aug. 16. The presentation highlights Supervalu’s transformation plan, its efforts to position the company for success in an evolving market, and its management team’s qualifications. Supervalu’s transformation plan ‘well under way and delivering results’ For […]
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Supervalu Letter Urges Stockholders Not To Vote For Blackwell Nominees
Supervalu Inc. today revealed plans to mail a letter to its stockholders in connection with the company’s upcoming stockholders meeting, scheduled for Aug. 16. Supervalu’s board of directors is urging stockholders to vote for all nine of the company’s director candidates—as opposed to the six candidates nominated by activist investor Blackwells Capital LLC. Stockholders of record […]
Posted in, Corporate Store News, Home Page Latest News, Midwest, Store News, Wholesaler/Distributor News
Supervalu Completes Sale And Leaseback Of Seven DCs
Supervalu Inc. has completed the sale and leaseback of seven of its distribution centers as part of its previously announced agreement to sell eight of its owned warehouses. With the sale of these seven facilities now complete, Supervalu has entered into lease agreements for each facility for an initial term of 20 years with five […]
Posted inMeat/Seafood/Poultry, Grocery News, Home Page Latest News, Independent Store News, Industry News, Marketing News, Merchandising News, Midwest, Store News
Krause’s Market Wins Its Third ‘Beef Stampede’ Championship
Krause’s Market’s Garrison, North Dakota, store topped nearly 400 grocery retailers from across the nation during Supervalu Inc.’s annual “Beef Stampede” merchandising contest. Scoring a perfect 75 out of 75 possible points, the retailer clinched its third win in the past four years. The Beef Stampede is held every fall to showcase beef as the […]