The impact of cannibalization from the acquired Haggen stores on existing Smart & Final locations hit 1.3% of sales during the first quarter ended March 27 and is likely to rise to 1.6% for the fiscal year, company officials said Tuesday.
Supervalu believes it can leverage additional business by taking over professional services for some of its customers, based on its experience working with Albertsons, Mark Gross, president and CEO, told investors Tuesday.
As industry trends and consumer habits evolve to create more shopping options across multiple channels, some industry observers believe the Federal Trade Commission's narrow approach to defining competition could hinder efforts to make the industry more efficient.
Grocery Outlets Bargain Markets is in the midst of introducing itself to Los Angeles consumers, with 10 stores already opened since December, 10 more scheduled to open this year and another 12 to 15 due next year.
With economic headwinds likely to continue to create additional core customers for years to come, Dollar General said it is making plans to capture that business through ongoing improvements in its consumables assortment.
PCC Natural Markets said Thursday it has formed a home-delivery partnership with Amazon Prime Now — an effort that got off to a promising start even before it was formally launched, Cate Hardy, CEO of the 10-store chain, told SN.
As Smart & Final converts 33 acquired Haggen stores in Southern California to its own banner over the next year, it is contemplating growth beyond its existing geography in six Western states, a company executive told investors Tuesday.
Kroger Co. acquired Roundy’s Supermarkets for the real estate and the company’s metrics, although it may take more work to improve sales than other potential acquisitions might, company executives told an investors conference Tuesday.
The pending acquisition of The Fresh Market by Apollo Global Management should give the company breathing room to pursue a turnaround strategy in a less-stressful, private setting, industry observers said Monday.