A conflict has existed for too long between CPGs and retailers over huge, yet notoriously low performing, trade funds (also called vendor funds.) Without a significant change, these trapped resources may delay sorely needed new programs at retail.
In an exclusive interview with a co-founder of HomeGrocer.com, one of the fastest-growing Internet startups from the dot-com boom that later fizzled, Retail Leader explores the opportunities and challenges grocery retailers face in e-commerce today.
European hard discounter Lidl, which plans to have stores open in the U.S. no later than 2018, launched a website for suggestions on potential real estate sites, as well as vendor and employee applications.
Blount Fine Foods, a Fall River, Mass.-headquartered manufacturer of premium soups, entrees, sauces and side dishes for retail and foodservice, said it purchased Food Source LP, a custom food manufacturer based in McKinney, Texas.
Club store chain operator Costco is “quietly removing” tobacco SKUs this year, having begun reducing the presence of cigarettes at some of its U.S. stores three or four years ago, according to business news website TheStreet.com.
Grocery retailer and wholesaler Supervalu filed a statement with the U.S. Securities and Exchange Commission to spin off its Save-A-Lot hard-discount grocery chain into a separate, publicly traded company.
After a two-decade partnership with gas station and convenience store chain Murphy USA, which operates most of the mass merchandiser's gas stations, Walmart plans to take over gas station operations, converting them to its namesake brand, according to USA Today.
Technology company Inmar has acquired retail consultancy Willard Bishop, in a move that it says will provide manufacturers and retailers “cohesive and complete access” to consumer products data, analysis and insights.
Sunny Delight Beverages Co. (SDBC) said its owner, Boston-based private equity firm J.W. Child Associates, agreed to sell SDBC to Brynwood Partners VII for an undisclosed amount, pending regulatory approval.
Better-for-you food manufacturer Boulder Brands, acquired in January by Pinnacle Foods, could serve as a “springboard” for its new owner to acquire smaller natural and organic companies, according to The Denver Post, which quoted Pinnacle’s CEO, Bob Gamgort.
Spices and seasonings manufacturer McCormick & Co. announced plans to save $400 million over four years, offering “an early look at its direction under new CEO Lawrence Kurzius,” the Baltimore Business Journal reported.