The Minneapolis, Minnesota-based chain said Monday that Jeff Burt will assume the title of senior vice president, grocery, fresh food and beverage on April 10. Burt was most recently the president of the Fred Meyer division of Kroger Co. and worked at that company for 30 years.
Category: Grocery
Why You Should Probably Still Devour Some of Sprouts Natural Market
News that privately held grocery store chain owner Albertsons Cos is considering the purchase of Sprouts Natural Market has sent shares surging in recent sessions. Sprouts operates more than 240 stores in 15 states that offer organic and health food, as well as natural home and personal care products.
Wal-Mart Launches New Front in U.S. Price War
Wal-Mart Stores is running a new price-comparison test in at least 1,200 U.S. stores and squeezing packaged goods suppliers in a bid to close a pricing gap with German-based discount grocery chain Aldi and other U.S. rivals like Kroger Co, according to four sources familiar with the moves. Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company’s revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with Wal-Mart.
Why Shares of SuperValu Inc. Plunged 10% in January
Fiscal third quarter revenue fell slightly to $3.0 billion, and the company swung from net income of $34 million a year ago to a loss of $26 million. This continues the long deterioration of SuperValu’s business.
Windstream to eliminate 164 jobs in Little Rock
Windstream spokesman David Avery says the job cuts came from various areas, including engineering, finance and information technology. Avery tells the Arkansas Democrat-Gazette that Windstream has about 12,000 employees, including 1,450 in Little Rock.
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Windstream trims 164 jobs, 25 in LR
“The actions are part of our ongoing efforts to efficiently manage the business and to align resources to current work demands and opportunities,” Avery said. “Decisions that affect our employees are difficult, but necessary to manage our costs and position the company for success,” Avery said.
Better Buy: Whole Foods Market, Inc. vs. Sprouts Farmers Market Inc
And emerging from the Great Recession, it proved to be an amazingly profitable niche to occupy. But with that success came competition — from traditional grocers and specialty shops alike.
Windstream’s $1.1B EarthLink marriage gets FCC’s blessing
Windstream Holdings Inc. of Little Rock and EarthLink Holdings Corp. have been granted approval by the Federal Communications Commission to move forward with a planned $1.1 billion merger. The companies announced the deal in November.
Galen G. Weston succeeds father as George Weston CEO
Galen G. Weston will succeed his father as CEO of George Weston Ltd., and remain CEO of Loblaw Companies Ltd. The younger Weston will also remain chairman and CEO of the company’s largest subsidiary, Loblaw Companies Ltd., which also owns Shoppers Drug Mart.
BP Buys Woolworths Australian Gas Stations for $1.3 Billion
BP Plc will pay A$1.785 billion for Woolworths Ltd.’s network of Australian gas stations in a deal that will cement the London-based oil company as one of the nation’s biggest fuel providers. The British energy company will acquire 527 fuel outlets that are currently supplied by rival Caltex Australia Ltd., as well as 16 development sites, according to a statement Wednesday from Sydney-based supermarket owner Woolworths.