Supermarket/Grocery

Save Mart synonymous with Sonoma Raceway
Save Mart Supermarkets is revving up its marketing efforts with a multi-year agreement to co- sponsor the annual NASCAR Sprint Cup Series race at Sonoma Raceway.

Save Mart Supermarkets’ status as either title or co-title sponsor of the annual Cup event in Sonoma is one of the longest runs in all of NASCAR Cup racing. The new agreement is for five years, extending through 2020. First partnering with the raceway in 1992, Save Mart will celebrate its 25thanniversary as a race sponsor in Sonoma in 2016.
Peapod debuts 'farm in a box'
As food delivery increases in popularity among U.S. consumers, online grocer Peapod is launching an innovative service focused on produce.

The company is going to start offering the Peapod Local Farm Box. Throughout the summer, Peapod customers in New York City, New Jersey, Eastern Massachusetts, Rhode Island, Pennsylvania, Maryland, Washington, D.C., Virginia, Illinois, Indiana and Wisconsin will have the option of adding a box of produce from local farms to their virtual grocery cart.

Kroger offers stock split, higher dividend

Cincinnati – The Kroger Co. is responding to explosive financial performance with a two-for-one stock split, dividend increase and share buyback program. Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006, and expects further growth.
Metro to buy back up to 450,000 shares

Montreal - Metro Inc. intends to purchase up to 450,000 shares of its stock from in a private transaction with an “arm’s-length” third-party seller on or before Sept. 9, 2015. The price will be privately negotiated and a t a discount from the prevailing market price.

These purchases will form part of Metro's 17.1 million share repurchase program announced in September 2010 and renewed in September 2014.
NRF: July 4 spending looks bright

Washington, D.C. – Americans are feeling patriotic as July 4 approaches and putting their wallets where their feelings are. According to the National Retail Federation (NRF) 2015 Independence Day Survey conducted by Prosper Insights & Analytics, more than 156 million consumers, or 64% of those celebrating, are planning to take part in the July 4 holiday by attending a cookout, picnic or barbecue, spending an average of $71.23 per household, up 4% from $68.16 in 2014.
Campbell Soup, Pick n Pay execs named to Consumer Goods Forum board

The Consumer Goods Forum has elected two new board members with broad packaged goods and retail experience.

Denise Morrison, president and CEO of Campbell Soup Company, and Gareth Ackerman, chairman of Pick n Pay, are joining the board. Morrison will chair the Manufacturer College of the board while Ackerman will chair the Retailer College. The pair will lead the CGF Board for two years, and replace outgoing co-chairs Dick Boer of Royal Ahold and Paul Bulcke of Nestlé.
Boston-area Asian market partners with Instacart

Boston - Asian-inspired grocery chain H Mart is partnering with Instacart to offer Boston area delivery to customers, in as little as one hour. H Mart is bringing products including a selection of ready to eat items, a fresh assortment of meat and produce, and dry goods and ramen products to Instacart.

Customers can also combine orders from other local Instacart partners such as Whole Foods Market and Harvest Co-Op Markets, adding products from H Mart to their regular weekly grocery list.
C-suite shakeup at Target: Chief merchant steps down

Minneapolis -- The transformation of Target Corp. under the leadership of new CEO Brian Cornell continues with the departure of one of its top-ranking executives.

The company announced that Kathryn A. Tesija, executive VP, chief merchandising and supply chain officer will move into an “advisory role” effective July 6.
Who’s got the cheapest prices: Amazon or Walmart.com?

New York -- The gap in prices between Amazon and Walmart.com’s grocery basket has widened in the past two months, according to a report by 360pi. The company conducted a two-month study, comparing a basket of grocery pantry/household items spanning a number of CPG brands with a non-grocery basket (such as toys, electronics and tools) basket shopped on Amazon.com and Walmart.com.
Industry Comment: Ahold-Delhaize merger

New York -- Dutch supermarket giant Ahold has agreed to buy Belgian rival Delhaize, creating the sixth largest food retailer in the United States. Keith Anderson, VP of strategy & insights for Profitero, and formerly a retail analyst with RetailNet Group, offers his thoughts on what led to the merger, and what it may bring.
One to watch: more exec changes at 99 Cents Only

An ongoing senior leadership transformation at 99 Cents Only stores has put a former Kmart executive in the role of interim CEO and now the company has named a former Walmart executive as interim CFO for the second time.

Less than a month after Andy Giancamilli was named interim president and CEO, 99 Cents only named Michael Fung to the role of CFO. Both men served on the company’s board of directors with Giancamilli in the role as chairman.
Walmart has online EDLP opportunity

Online pricing intelligence provider 360pi compared Amazon.com and Walmart.com prices earlier this year in a dynamic pricing study and discovered Walmart changed its prices more often than Amazon.

The company looked at Amazon.com and Walmart.com prices comparing a basket of grocery pantry/household items spanning a number of CPG brands with a non-grocery basket (such as toys, electronics and tools) shopped on Amazon.com and Walmart.com between April 9 and June 9, 2015.

Three key finding from the report were: