At its annual shareholders’ meeting held in East Brunswick, NJ on October 25, Wakefern Food Corp reported record retail sales of $16.5 billion for the 52-week fiscal year ending September 29, 2018, a 1.6 percent increase from the prior year.
Lidl has signed an agreement to acquire 27 Best Market stores in New York (26 stores, 24 of which are on Long Island) and New Jersey (Holmdel).
David Green and Melvin Shapiro, co-owners of D&M Management Services which operates 10 Save-A-Lot discount stores in Maryland, Pennsylvania and West Virginia, have been chosen to receive the “Pete Manos Retail Executive of the Year.”
The United Natural Foods, Inc. (UNFI) $2.9 billion acquisition (including debt) of Supervalu (SVU) was completed on October 22
Price Rite Marketplace earlier this month unveiled its new store prototype with the remodeling of three Pennsylvania stores – Bethlehem, Allentown and Secane.
Buoyed by boosts in their annual capital expenditure funding, two Ahold Delhaize USA (ADUSA) brands (divisions) – Giant/Martin’s and Stop & Shop – will open new store formats before the end of 2018.
Albertsons Companies announced last month that Jim Donald, previously the company’s president and chief operating officer, has been appointed president and chief executive officer.
Giant/Martin’s unveils new small market format – Giant Heirloom Market.
On October 4, Giant/Martin’s announced that its small-format store on 2300 Bainbridge Street in Philadelphia would be converted to a new concept – Giant Heirloom Market – which is expected to open in December.
FreshDirect, the Northeast’s leading online fresh food grocer, announced September 6 that after 20 years of service, founder and CEO Jason Ackerman has stepped down from his role as chairman and CEO. Co-founder David McInerney is assuming the role CEO and will join the board of directors.