Northfield, Ill.-based Kraft Foods Group, the domestic arm of Kraft Foods Inc., will replace Alpha Natural Resources on the Standard & Poor's 500 Index after Kraft splits into two companies on Oct. 1, the Associated Press reported.
Craig Carlock, CEO of The Fresh Market, said specialty grocers have an opportunity to steal market share from conventional supermarkets with their focus on high-quality perishables, which command higher margins than commodities, RetailWire.com said.
According to Euromonitor, Snickers is expected to become the top confectionary brand in the world by the end of 2012 with projected global sales of $3.57 billion, inching out M&Ms, which held the top ranking in 2011,
The average tenure of CEOs at major retailers is 8.26 years, compared with 6.83 years for CEOs at all Fortune 500 and S&P 500 companies, according to a new report that points to the importance of succession planning.
The National Grocers Association, which represents independent retail and wholesale grocers, presented its Spirit of America Award Wednesday to Congressman John Kline (R-Minn.) in recognition of his commitment to free enterprise and small business.