Corporate Operations: Page 226
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Analyst: Lidl could steal $1B worth of business from Mid-Atlantic grocers
Two-thirds of consumers surveyed by management consulting firm Oliver Wyman say they will “very likely” try shopping at the discounter once stores open.
By Jeff Wells • June 13, 2017 -
Smirnoff mocks Trump's Russia scandals in new ad
The campaign features an image of the vodka brand's bottle with the text: "Made in America. But we'd be happy to talk about our ties to Russia under oath."
By Emma Liem Beckett • June 13, 2017 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Instacart to offer same-day delivery at some Boston Stop & Shop stores
The partnership will complement existing services being offered by rival Peapod, which is owned by Ahold Delhaize.
By Christopher Doering • June 13, 2017 -
Grocery CEOs take pay cut as industry continues to struggle
While trimming pay to executives makes sense, supermarkets may need to increase incentives to attract talent in areas such as IT and online/digital.
By Sandy Skrovan • June 13, 2017 -
Jet.com will remove Costco's Kirkland-branded products from its site
More than a year after Walmart acquired the online shopping site, the retailer decided to phase out its rival's private label brand.
By Jeff Wells • June 13, 2017 -
Aldi announces $3.4B store expansion plan
After beginning a chainwide renovation earlier this year, the hard discounter also plans to expand to 2,500 stores by 2022, making it the third-largest grocer in the U.S.
By Jeff Wells • June 12, 2017 -
Sovos Brands buys premium Italian food maker
The purchase of Rao's Specialty Foods is the second investment by the new company that targets niche brands in trending categories.
By Emma Liem Beckett • June 12, 2017 -
Hy-Vee's Twin City offensive underscores difficulties for established grocers
The Midwestern chain, which moved into the area two years ago, is quickly taking share from Cub Foods, Target and other retailers.
By Jeff Wells • June 12, 2017 -
Craft breweries balk after AB InBev takes stake in RateBeer website
The network publishes reviews and stories about the popular beverage, which some feel could be unfairly influenced following the investment by the beer giant.
By Christopher Doering • June 12, 2017 -
Meal-planning service could turn online grocery into meal kit provider
Dinner Daily, which just expanded nationwide, uses software to create meal plans using a shoppers' preferred supermarkets.
By Jeff Wells • June 12, 2017 -
Bashas' launches rebranded e-commerce site for Phoenix stores
The Arizona retailer partnered with Instacart on a “white label” site after seeing 13% weekly sales growth since it began testing the service in March.
By Jeff Wells • June 12, 2017 -
Post partners with Nabisco to create Honey Maid S'mores Cereal
The latest product developed by the two companies follows the reintroduction of Oreo O's after a 10-year absence from the market.
By Christopher Doering • June 9, 2017 -
Hampton Creek fires 3 execs, accusing them of plotting corporate coup
Following an internal investigation, leadership determined employees were trying to take control of the company from the CEO and give it to investors.
By Megan Poinski • June 9, 2017 -
Increasing demand for organic produce could pressure grocers
There are concerns about tight supplies and price hikes as more retailers carry the products to meet growing consumer interest.
By Sandy Skrovan • June 9, 2017 -
Weis seeks to improve its marketing and promotions with digital platform
The regional grocer has invested in a system that will help it better understand deals it offers to consumers and forecast their impact on the chain's sales.
By Jeff Wells • June 9, 2017 -
Lawsuits between Dollar Tree and Dollar Express expose problems underlying 2015 deal
The established retailer argues that Sycamore Partners, which bought 330 divested stores and enlisted its help in transitioning them to the new brand, owes the company $50 million in damages.
By Jeff Wells • June 8, 2017 -
Tops sees Q1 sales dip as traffic slows
CEO Frank Curci says the Williamsville, N.Y.-based retailer will increase promotions to bring more customers into stores.
By Jeff Wells • June 8, 2017 -
J.M. Smucker profit falls on lower coffee and pet food sales
The maker of syrups, peanut butter and its namesake jellies said it would cut $100 million more in costs, bringing its total to $450 million by its fiscal year 2020.
By Christopher Doering • June 8, 2017 -
JBS: Stake in Pilgrim's Pride is not for sale
The embattled Brazilian meat giant owns a 78.5% stake in the U.S. poultry company and says it is an important part of its international portfolio.
By Megan Poinski • June 8, 2017 -
Amazon lowers Prime subscription rate for SNAP users
The move by the online giant to drop its membership rate to $5.99 a month for shoppers on government assistance takes aim at discount retailers like Walmart.
By Sandy Skrovan • June 8, 2017 -
Publix to offer same-day grocery delivery from all stores by 2020
The southeastern grocery chain is partnering with Instacart, which began serving the supermarket's test markets last July.
By Jeff Wells • June 8, 2017 -
Kroger gets its Queen City crown with a sought-after downtown Cincinnati store
The 45,000-square-foot location, part of a $90 million mixed-use development project, will open in summer 2019.
By Jeff Wells • June 7, 2017 -
Jack Daniel's parent Brown-Forman's posts drop in Q4 sales and profits
The spirits giant said earnings fell $378 million from a year ago, but the company is optimistic its investments will pay off in its fiscal year 2018.
By Emma Liem Beckett • June 7, 2017 -
ECRM acquires tech startup RangeMe
The deal extends the marketing company's solutions to help grocers scale new CPG product discovery by enabling offline and online connections between retailers and manufacturers.
By Sandy Skrovan • June 7, 2017 -
Fishpeople raises $12M to grow its sustainable seafood business
The company buys abundant fish and sells it at grocery stores with information on each package including the captain who caught it and where it came from.
By Megan Poinski • June 7, 2017