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.


Proxy Battle For Control Of SVU Board To Be Decided August 16

The proxy battle between Supervalu and minority holder Blackwells Capital for control of the wholesaler/retailer’s board will be decided by the company’s shareholders during the shareholders meeting scheduled for August 16 at Supervalu’s headquarters in Eden Prairie, MN.

Keptner Joins Wakefern As Senior VP-Marketing

Supermarket industry veteran Erik Keptner has been named senior VP-marketing for Wakefern Food Corp.

BJ’s Makes It Official With Filing To Launch Initial Public Offering

BJ’s Wholesale Club, operator of 215 club stores in 16 states (primarily on the East Coast), made it official earlier this month by filing a prospectus to launch an IPO with the Securities and Exchange Commission (SEC).

ShopRite Rules Again In Highly Competitive $98B Marketplace

With so much overstoring and so much diversity in retail styles, the gridlock in the 70-county Food Trade News marketing area continued.

Supervalu To Lay Off 40 At Shoppers; Merchandising Will Shift To Cub Foods

Two months after Supervalu announced it would close or sell its Farm Fresh corporate store retail unit, the company said it would shift merchandising and administrative responsibility for its Retail-East operation (51 Shoppers Food & Pharmacy supermarkets in Baltimore-Washington and 22 former Food Lions that trade as Shop ‘n Save stores in Western Maryland, Central Pennsylvania and West Virginia) into its Retail-West division (Cub Foods and Hornbacher’s) based in Stillwater, MN, which also serves as Cub’s headquarters.

Giant, Walmart, CVS Pace All Retailers In $48 Billion Market

Permanent gridlock? Perhaps in a few more years the competitive pressure of the Mid-Atlantic market will abate a bit, but the landscape that food and drug retailers now face seems to be locked in for the foreseeable future.

Kroger/Harris Teeter, Food Lion Close On 21 Farm Fresh Stores

With the exception of three Hampton Roads locations, Farm Fresh has officially exited the Tidewater market.

Supervalu To Lay Off 40 Shoppers’ Associates; Merchandising To Shift To Cub Foods

Two months after Supervalu announced it would close or sell its Farm Fresh corporate store retail unit, the company said it would shift merchandising and administrative responsibility for its Retail-East operation (51 Shoppers Food & Pharmacy supermarkets in Baltimore-Washington and 22 former Food Lions which trade as Shop ‘n Save stores in Western Maryland, Central Pennsylvania and West Virginia) into its Retail-West division (Cub Foods and Hornbacher’s) based in Stillwater, MN, which also serves as Cub’s headquarters.

Lidl U.S. Names Johannes Fieber New President, Chief Executive

After a disappointing opening 11 months, Lidl U.S. has replaced its top executive, effective June 15.

Walmart Will Spend $169M To Remodel 40 Units In NJ, NY, PA

In its smallest new store expansion effort since the 1970s, Walmart, which will open fewer than 25 new stores nationally (a mix of Neighborhood Markets and SuperCenters including one in Mount Laurel, NJ in the next two months), will invest $169 million to refurbish 40 existing units in New Jersey, New York and Pennsylvania over the next 12 months as part of the retailer’s $11 billion capital budget for fiscal 2019.