Kohl’s to partner with grocers or convenience stores to fill vacant store space
Kohl’s’ CEO Kevin Mansell was reported telling CNBC the company plans to partner with grocery convenience retailers to lease space left by the roughly 300 stores it “right-sized” during the […]
Read MoreNestlé sells US Confectionary business to Ferrero for $2.8 billion
In a move towards healthier products, Nestlé has agreed to sell its US confectionary business to Italy’s Ferrero for $2.8 billion in cash. The move comes after the company announced […]
Read MoreWalmart to shut stores, lay-off workers and raise minimum wage
In two separate announcements on Jan. 11, Walmart said it’s unit Sam’s Club would close 63 stores, resulting in thousands of workers losing their jobs. The decision comes after a […]
Read MoreCampbell Soups in talks to purchase Snyder-Lance
Late on Friday, stocks of Campbell Soup and Snyder’s-Lance rose after reports that Campbell Soups was in ‘advanced talks’ to buy the pretzel and potato chip manufacturer. As the US […]
Read MoreNatural Grocers announces new CFO
Natural Grocers announced the appointment of Todd Dissinger as Chief Financial Officer (CFO), effective January 1, 2018. Dissinger will succeed Sandra Buffa who will retire effective December 31, 2017. Dissinger […]
Read MoreHostess promotes Andrew Jacobs to Chief Operating Officer
Hostess Brands announced it has promoted Andrew (Andy) Jacobs to Executive Vice President (evp) and Chief Operating Officer. Jacobs has been the company’s evp and Chief Commercial Officer since June […]
Read MoreSupervalu completes acquisition of Associated Grocers of Florida
Supervalu completed its previously announced acquisition of Associated Grocers of Florida in a transaction valued at approximately $193 million. Associated Grocers of Florida, with its annual sales of approximately $650 […]
Read MoreSears reports third quarter losses of $558 million
On Thursday, Sears Holdings reported a loss of $558 million in its third quarter. The company generated total revenues of approximately $3.7 billion compared to revenues of $5 billion last […]
Read MoreMark Duffy named CEO at C&S Wholesale Grocers
On Nov. 28, C&S Wholesale Grocers announced the appointment of Mike Duffy as CEO, effective January 8, 2018. Duffy will lead C&S’s strategic development, customer satisfaction and day-to-day operations. His […]
Read MoreAlbertsons and Instacart announce partnership
Albertsons announced on Tuesday that it had reached an agreement with on-demand grocery delivery service Instacart to offer its customers the convenience of same-day deliveries in an hour. Under the […]
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