Supervalu board feels shareholder pressure from Blackwells Capital
Calling Supervalu stock price performance abysmal, Blackwells Capital sent an open letter to Supervalu’s board of directors seeking to immediately engage with them to review business improvement initiatives. Blackwells owns […]
Read MoreKroger announces Executive Leadership Team with focus on Restock Kroger plan
Fred Morganthall, Kroger’s evp of retail operations, will retire after 31 years of service with the organization, effective November 30, 2017. Mike Donnelly, who is Kroger’s current evp of merchandising, […]
Read MoreFerrero International to buy Ferrera Candy, eyes Nestle U.S.
The Italian maker of Ferrero Rocher, Tic Tac, Nutella and Kinder Joy has signed a deal worth $1.3 billion to acquire the manufacturer of Lemonheads and Red Hots, according to […]
Read MoreSupervalu Acquires Associated Grocers of Florida
Supervalu announced on Oct. 18 they had finalized a merger agreement to acquire Associated Grocers of Florida. The transaction, which is valued at approximately $180 million, will help Supervalu to […]
Read MoreLoblaw cuts 500 jobs to boost e-commerce
Loblaw Co Ltd, the Canadian grocery retail chain will cut 500 jobs and reinvest savings to boost its digital and e-commerce services, Reuters reported on Monday. The job cuts that […]
Read MoreKroger hosts Natural Foods Innovation Summit
Kroger hosted its first Natural Foods Innovation Summit in partnership with 84.51°, in Cincinnati, Ohio on Oct. 12 with plans to hold similar summits a few times each year. The […]
Read MoreTarget offers voice-based shopping with Google Express
On Oct. 12, Target announced it had partnered with Google Express to let consumers shop using Google Assistant on voice-activated Google Home devices, Android TV and soon eligible Android phones […]
Read MoreWalmart acquires Parcel, boosts NY delivery service
Walmart announced on Tuesday that it had acquired a Brooklyn-based logistics startup called Parcel for “smaller than previous acquisitions” in a deal that was closed on Sept. 29. The company […]
Read MoreAmazon Primes Whole Foods with 43% price cuts
On its first day at Whole Foods, Amazon slashed prices by 43 percent and offered Farm Fresh Picks of the Season – Echo and Echo Dot at $99.99 and $44.99. […]
Read MoreCostco co-founder and board chairman, Jeff Brotman, dies at 74
Jeff Brotman, who co-founded retail titan Costco and served as chairman of its board of directors, died at his Seattle home. He was 74. The evening before his death, […]
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