Corporate Operations: Page 244
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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 -
USDA
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 -
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 -
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 -
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 -
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 -
Dollar General encouraged by early sales of produce in remodeled stores
The CEO of the discount retailer said store remodels with produce had comp store sales 300% higher than other updated outlets.
By Jeff Wells • June 7, 2017 -
Lidl to feature exclusive fashion line from Heidi Klum
The retailer will roll out the “high-end, yet affordable” collection across its U.S. and European stores later this year.
By Jeff Wells • June 7, 2017 -
Algorithm-designed Nutella jars cause marketing buzz and buying frenzy
The calculations helped the sweets maker create 7 million different packaging designs for its chocolate spreads that flew off store shelves in less than a month.
By Sandy Skrovan • June 7, 2017 -
Report: Food retailers' future success demands digital investment
As grocers start to get digital, many of them are concentrating on app building and mobile-friendly sites for online promotions.
By Sandy Skrovan • June 6, 2017 -
Jewel-Osco remodels checkout lanes with help from candy supplier
After a failed redesign of its checkout lanes, Mars showed the Chicago-area retailer how to capture more impulse sales.
By Jeff Wells • June 6, 2017 -
Shipt raises $40M in funding, looks to double its reach during the next year
With the new capital, the online ordering and delivery service plans to increase the number of metro areas it serves from 47 to 100.
By Jeff Wells • June 6, 2017 -
In East Coast grocery battle, traditional players are losing share to new arrivals
North Carolina has seen Food Lion, Walmart and Kroger lose sales to Publix, Costco and other newcomers to the state.
By Jeff Wells • June 6, 2017 -
Former StarKist exec charged with price fixing
After guilty pleas in similar cases by tuna producer Bumble Bee, this new accusation expands on the reported conspiracy between companies to keep prices high.
By Megan Poinski • June 6, 2017 -
Seattle becomes latest city to pass tax on soda and other sugary beverages
The measure, which follows similar action in Philadelphia, San Francisco and Oakland, is expected to generate $15 million per year for local nutrition programs.
By Emma Liem Beckett • June 6, 2017 -
Supervalu CEO says Marsh's bankruptcy is a growth opportunity
Mark Gross, who oversees the grocer and wholesale distributor, said he hopes to continue supplying three quarters of Marsh’s stores once they're sold.
By Jeff Wells • June 6, 2017 -
Meijer thinks small with a new urban concept store
The 30,000-square-foot Bridge Street Market will begin construction in downtown Grand Rapids this summer and open in fall 2018.
By Jeff Wells • June 5, 2017 -
Meijer's charitable outreach goes digital with new campaign
The Midwestern retailer identified sponsored products in its Produce For Kids initiative through its online shopping and digital coupon platforms.
By Keith Loria • June 5, 2017 -
Judge resurrects lawsuit accusing Whole Foods of overcharging NYC customers
The decision to overturn a lower-court ruling could open the natural foods grocer up to a potential class-action lawsuit.
By Christopher Doering • June 5, 2017 -
Study: VC funding goes to plant-based proteins and enhanced drinks
Marketing firm CB Insights found the top 15 venture capital-funded startups together raised almost $1.5 billion.
By Megan Poinski • June 5, 2017 -
Oreo sweetens innovation with limited-edition Jelly Donut variety
The new flavor, available exclusively at Walmart, is the latest example of Mondelez's efforts to engage loyal consumers and lure new ones to its cookie.
By Keith Loria • June 5, 2017 -
Walmart testing 24-hour automated pickup kiosk for groceries
Located adjacent to a store in Oklahoma City, the kiosk can hold up to 30,000 products, including refrigerated and frozen items.
By Jeff Wells • June 5, 2017 -
Is Walmart's new delivery initiative a bad deal for workers?
Labor experts warn the system, which pays employees to deliver products on their way home from work, could be ripe for abuse.
By Jeff Wells • June 5, 2017
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