Convenience Stores

Supervalu has elected Gerald Storch as chair of its board of directors. The appointment comes after Robert Miller, who has chaired the boar since March 2013, announced his resignation.

New York -- Sam Martin, president and CEO of the Great Atlantic & Pacific Tea Co., has left the company, Produce News reported.

Last year, Cedar Realty Trust shook off the last vestiges of its recession. Upon taking the reins of Cedar, new president and CEO Bruce Schanzer set in motion a short-term strategic plan in third quarter 2011. The plan was to sell nearly half of the company’s 140 properties owned in 2011 and streamline its property-type and geographic focus, while reducing leverage over the following two years. While the results for 2013 are being tallied now, performance during the first three quarters suggest a very good year of solid results.

Men’s grooming line, HYD For Men, has announced that its Razor Shield will be sold in 183 Meijer stores beginning in February.

Razor Shield was developed to help create a liquid barrier to protect razor blades.
 

Saratoga Springs, N.Y. -- Stewart’s Shops, a chain of 300 convenience stores offering gasoline and fresh and local dairy products and ice cream, has deployed Paragon Software’s Single Depot solution to automate the planning of daily and seasonal deliveries. Paragon’s software automates the manual process of planning and scheduling deliveries to the retail outlets, lowering mileage, reducing fuel usage, and improving truckload efficiencies.

Naples, Fla. - Retail and consumer products industry veterans Vince Burke, Jim Gillis and Rich Juliano have founded of the Burke Gillis Juliano Group, a global consultancy focused on the supermarket, mass retail, convenience, drug and specialty retail trade channels. Burke Gillis Juliano Group offers executive management, market strategy, mergers & acquisitions, private equity, business development, product marketing, trade relations and related services to retailers, suppliers and vendors in the U.S. and globally.

Minneapolis – Supervalu reported net earnings of $31 million during the third quarter of fiscal 2014, almost double the net earnings of $16 million reported in the same quarter of the prior fiscal year. This dramatic increase came even as net sales slipped 1% to $4.1 billion from $4.5 billion.

Greenwich, Conn. — Urstadt Biddle Properties Inc. has acquired two shopping centers in New Jersey: Boonton A&P Center in Boonton and Bloomfield A&P Center in Bloomfield.

The company paid $18.4 million, subject to an existing $7.8 million mortgage, for the 63,000-sq.-ft. Boonton A&P Center. Constructed in 1999, the center features a 49,463-sq.-ft. A&P plus Dunkin’ donuts, Chase Bank, Subway, Supercuts and Sprint. More than 90% of the tenants are national or regional names.

Supervalu reported net earnings of $31 million during the third quarter of fiscal 2014, almost double the net earnings of $16 million reported in the same quarter of the prior fiscal year. This dramatic increase came even as net sales slipped 1% to $4.1 billion from $4.5 billion.

Regional discount retailer Fred’s is making some big changes to its merchandising and operations groups to begin 2014 and has retained several firms to review strategic opportunities.