Rick Dreiling, chairman and CEO of Dollar General Corp., Goodlettsville, Tenn., said Friday he plans to retire as CEO at the end of May 2015 or upon the appointment of a successor — a move that had Wall Street analysts debating whether it meant a potential merger with Family Dollar Stores was more likely or less.
The amount of food being consumed in the U.S. is actually declining, according to Dollar General CEO Richard Dreiling, although some analysts said his observations might really indicate a shift in consumption trends.
United Natural Foods, Inc., Providence, R.I., plans to seek further acquisitions in the protein space over time to supplement the business it will add from acquiring Tony’s Fine Foods, Steven L. Spinner, UNFI’s president and CEO, told investors Tuesday.
Despite healthy industry growth, the wages of grocery store employees in California — encompassing union and non-union members — has declined since 1999, with more than one-third of workers forced to rely on state government assistance to provide for their basic needs, according to a UFCW study.
The pending merger of Albertsons and Safeway prompted Southern California employers and union members to opt for a two-year labor contract that will expire in March 2016, by which time the two sides expect the merger dust to settle.
Costco Wholesale Corp., Issaquah, Wash., is continuing to test home delivery, but it believes the appeal of strong bargains at its warehouses will keep consumers shopping the old-fashioned way, EVP and CFO Richard Galanti told Wall Street investors Thursday.