Supervalu on Tuesday reported first-quarter fiscal 2012 net sales of $11.1 billion (down 3.7% versus last year) and net earnings of $74 million (up 10.4%), or 35 cents per diluted share. Posted net earnings beat the analyst consensus of 33 cents per diluted share.
The 19th century British writer William Hickson may have written, “If at first you don’t succeed, try, try, try again,” but he only had half the story. By all means, try again, but don’t do the same thing over and over and expect different results.
Walgreens has signed on to convert or open at least 1,000 stores across the country using its food oasis concept over the next five years as part of First Lady Michelle Obama's and the Partnership for a Healthier America's recent announcement to bring healthy, affordable food to nearly 10 million people during that time period.
The Partnership for a Healthier America, together with First Lady Michelle Obama, on Wednesday afternoon hosted a press conference announcing that leading grocery retailers have committed to bring healthy, affordable food to nearly 10 million people over the next five years in the form of new and expanded stores in areas that desperately need them.
First Lady Michelle Obama on Wednesday afternoon will be joined by corporate chiefs from Walmart, Walgreens and Supervalu, as well as smaller regional market chains, as she announces a new initiative to support the Let's Move! campaign, according to a Monday posting on the blog site Obama Foodorama.
The Network of Executive Women will induct the first group of honorees into the newly created CPG Retail Diversity Hall of Fame on Monday, Sept. 19, as part of the organization’s annual Leadership Summit.
Increasingly, chains that traditionally have not been major forces in food retailing are making bigger commitments than ever to fresh — including meat, produce and dairy — in an effort not only to help solve the nation’s growing health crisis and expand Americans’ access to nutritious food options, but also to create new reasons for customers to shop their stores.
Michael Kiss, a chef who works at Whole Foods’ store in Rockville, Md., is one of the natural food supermarket chain’s army of “cooking coaches,” who are on staff to talk to customers about what kinds of food are available at the store and how to pick out the right kinds of food — something that’s helpful in a store known for carrying a dizzying variety of exotic ingredients.
The private-label trend at retail continues to gain steam as Supervalu CEO Craig Herkert shared plans last month at the company's annual shareholders meeting to expand Supervalu's private-label program now through February 2012.
Walmart opened its first Express stores earlier this month to mixed reviews about the impact of the new format on the company domestic growth. At 15,000 sq. ft., Walmart opened the first Express location in Gentry, Ark., last week, but offered media and investment analysts a preview of the store prior to the company’s shareholders meeting on June 3.