Supervalu and Unified Grocers Marriage to Create $16B Business

Posted by  Terrie // The Shelby Report Supervalu is acquiring California-based Unified Grocers in a transaction valued at approximately $375 million. Supervalu President and CEO Mark Gross said on a conference call Tuesday morning announcing the deal that the sale of Save-A-Lot late last year gave Supervalu the opportunity to pursue a business like Unified. He also noted that Supervalu intends…

Convenience Stores Hit Record In-Store Sales in 2016

NACS Online U.S. convenience stores experienced record in-store sales of $233.0 billion in 2016—and the third straight year of $10 billion-plus in pretax profits—according to newly released NACS State of the Industry data, the convenience and fuel retailing industry’s premier benchmarks and key performance category insights. Industry Snapshot 2015 2016 % Change U.S. Store Count…

Distilled Spirits & Wine Demonstrate Strong Growth While Beer Continues Reinvention

PR Newswire The distilled spirits, wine and beer industries continued to adapt to consumers’ changing attitudes towards beverage alcohol.  Industry-wide premiumization kept pace with consumer interest in high-quality products. And Millennials continued to drive expansion and migrate toward brands with heritage, authenticity and quality. Distilled spirits achieved its 20th consecutive year of steady volume growth, up about 2%.…

Are Gas Stations the New Grocery Stores?

Millennials are using convenience stores to buy essentials By NACS Online Millennials like convenience stores, fueling foodservice innovation and mobile payments, among other things. Now, Chase.com reports that the younger generation is turning to convenience stores for grocery shopping. Twenty-four-year-old Benjamin Sturm often stops by his local Stewart’s Shops to pick up cheese, bread and…