Supermarket

Supermarket chain HEB has good news about store at Alliance Fort Worth

Posted on August 8, 2024

The most popular fine-dining experience in Fort Worth is now open inside The Crescent Hotel. No, it’s not Emilia’s, the new hotel’s refined Mediterranean eatery that’s been open since November – although it does dazzle with its seafood crudos, house-made pastas, Spanish and Moroccan flavors, and open kitchen views. It’s The Blue Roomwhich hides inside Emilia’s behind frosted glass doors that open to reveal a small but stunning space that seems fit for royalty. Open just four weeks, the fine-dining destination features blue velvet wall coverings, white tablecloths, woven barrel chairs, and abstract chandeliers that create a luxe setting with…

New World Prestons Made in Store Biscoff Filled Buns Recalled

Posted on August 7, 2024

New World Prestons has issued a recall for a specific batch of New World Prestons Made in Store Biscoff Filled Buns, as they may contain undeclared allergens such as peanuts and sulphites. Due to an error in labeling, New World Prestons Made in Store Caramel Peanut Butter Buns have been incorrectly labeled as New World Prestons Made in Store Biscoff Filled Buns. Customers are advised to check the date mark on the product before consuming it. People with a peanut or sulphite allergy should avoid consuming this product. If you have already consumed the product and are concerned about your…

Kroger stock jumps following Q4 earnings report

Posted on August 6, 2024

Kroger stock spiked on Thursday morning with shares hitting a high of $54.75 by around 11 am, up 8.44%, upon release of its Q4 earnings report that handily beat analyst predictions on its earnings per share. The company reported earnings of $1.34 on revenue of $37.06 billion for the quarter ended January, coming in far above analyst estimates of $1.13 per share. Revenue was up 6.44% year over year, and Kroger said it anticipates net earnings per diluted share of $4.30 to $4.50 per share in fiscal year 2025. Adjusted earnings for the year came in at $4.76 per share,…

Brighton dog abandoned outside supermarket finds home

Posted on August 5, 2024

Morris, named by staff at RSPCA Brighton after he was tied up and abandoned outside Morrisons, underwent extensive surgery when he was rescued by the animal charity. The pocket bully, who had his ears cut off and could barely walk without struggling, was confirmed to be a victim of irresponsible breeding. READ MORE: Coombes Farm opens barn doors for 45th year of lambing A spokesperson for the RSPCA Brighton said: “He had his ears cut off, could not walk across a room without struggling for breath and had numerous other health issues. “But he has the most adorable, easy going…

The FTC-Kroger, Albertsons fight could be long and complicated

Posted on August 4, 2024

The lawsuit filed by the Federal Trade Commission (FTC) against the $24.6 billion Kroger, Albertsons merger could take months to play out and could have multiple outcomes. That is the stance of Eric Fruits. Fruits is a senior scholar at the International Center for Law and Economics and co-author of the white paper titled, “Food-Retail Competition, Antitrust Law, and the Kroger/Albertsons Merger”. Related: Oregon grocery union endorses Kroger, Albertsons merger Unless somehow the lawsuit is put on an accelerated timeline, Fruits sees it taking months to play out, and it could even spill into 2025. “Typically, these things do take…

Convenience is king in prepared foods

Posted on August 3, 2024

Chloe Riley is the Executive Editor of Supermarket News, which delivers the ultimate in competitive business intelligence, news and information for executives in the food retail and grocery industry. A graduate of the School of Journalism at Columbia College Chicago, Chloe previously served as a Digital Strategist at SEO firm Profound Strategy, Associate Editor at B2B hospitality mag HOTELS Magazine, as well as CEO of her own digital strategy company, Chlowe. Convenience, price, and variety are the biggest factors driving consumers to prepare foods purchases within grocery, according to a recent report from Technomic. And convenience seems to matter almost…

Grocery Outlet plans to open up to 60 stores in 2024

Posted on August 2, 2024

Grocery Outlet Holding Corp. experienced year-over-year net sales growth of 6.3% to $989.8 million for the fourth quarter of 2023, the company reported Tuesday in its Q4 earnings report. Gross margins were flat for the quarter at 30.2%, while comparable store sales ticked up 2.7% year over year, a move that was driven by a 7.5% increase in transactions, the company reported. Average transaction size was down, however, to 4.5%. Grocery Outlet opened 13 new stores in Q4, ending the quarter and the year with 468 stores across nine states. Meanwhile, net income was down 11.2% to 14.1 million year…

Unilever Cutting Jobs Dropping Ice Cream

Posted on August 1, 2024

Unilever to Drop Icecream, the big news to come out of Unilever’s announcement of steps to accelerate its Growth Action Plan (GAP) through the separation of Ice Cream and the launch of a major productivity program. The Board believes that Unilever should be increasingly focused on a portfolio of unmissably superior brands with strong positions in highly attractive categories that have complementary operating models. This is where the company can most effectively apply its innovation, marketing and go-to-market capabilities. Ice Cream has a very different operating model, and as a result the Board has decided that the separation of Ice…