News Archives

This archive contains all news stories posted to best-met.com. Complete print editions of Food World and Food Trade News are also available.


Donald Named President, Chief Operating Officer At Albertsons

Thirteen days after Albertsons Cos. announced that it planned to acquire approximately 2,500 Rite Aid drug stores in a cash-and stock deal, the Boise, ID-based grocery retailer said that it has hired industry veteran Jim Donald to serve as president and COO of the supermarket chain.

Walmart To Launch Same Day Grocery Delivery Service To NYC

Walmart plans to offer same-day home delivery of groceries in the nation’s largest market. The world’s largest merchant also plans to add about 100 other metropolitan areas to its list of grocery delivery locations, which would cover 40 percent of the U.S., by the end of the year.

Supervalu To Exit Farm Fresh Banner; 21 Stores To Be Sold To Kroger/HT, Food Lion

Supervalu announced on March 14 that it has entered into three separate definitive agreements to sell 21 of its 38 Farm Fresh Food & Pharmacy stores for approximately $43 million in cash to two different retailers that operate three different …

Major Food Retailers Post Solid Comps In Most Recent Financials

Six of the country’s largest food retailers have posted increased comp sales and solid earnings in their most recent financial periods. Walmart, Kroger, Ahold Delhaize, Target, Publix and Costco have all enjoyed sales increases and many have seen their stock prices grow in recent months.

Donald Named Albertsons Pres.; Chain To Acquire 2,500 Rite Aids

Thirteen days after Albertsons Cos. announced that it planned to acquire approximately 2,500 Rite Aid drug stores in a cash-and stock deal, the Boise, ID-based grocery retailer said that it has hired industry veteran Jim Donald to serve as president and COO of the supermarket chain.

Unable To Pare Debt, Tops Seeks Chapter 11 Bankruptcy Protection

Tops Friendly Markets LLC has filed for Chapter 11 bankruptcy protection as it seeks to reorganize in order to eliminate its substantial debt, according to court papers submitted by the Williamsville, NY-based regional chain.

Albertsons To Buy 2,500 Rite Aid Stores In Cash-Stock Deal

Albertsons Cos. plans to acquire approximately 2,500 Rite Aid drug stores in a cash-and stock deal in which the Boise, ID-based supermarket chain would hold 71 percent of newly combined company that, because of the Camp Hill, PA-based drug chain’s current status, will remain a publicly-traded company.

UK Convenience Retailer EG Group Buys Kroger’s C-Stores For $2.15 Billion

The Kroger Co. and EG Group, a privately-held convenience store and fuel retailer based in Blackburn, Lancashire, United Kingdom, has announced a definitive agreement for the sale of Kroger’s convenience store business unit to EG Group for $2.15 billion.

Focus Remains On Fresh As Comp Sales Improve At Ahold Delhaize

Fueled by gains at its Giant/Martin’s and Food Lion banners, Ahold Delhaize USA posted improved comp store sales in its fourth quarter ended December 31, 2017.

Wescoe Promoted To President Of Whole Foods’ Northeast Region

Whole Foods Market earlier this month announced that Nicole Wescoe has been named president of the company’s Northeast region.