Distribution

Sidney, Neb. -- Richard N. Cabela, co-founder and chairman emeritus of the $3.6 billion, outdoor outfitters chain, Cabela’s Inc., died Monday at his home in Sidney, Neb. No cause was given. He was 77.  

Cabela served as chairman of the board until June 2013, when he transitioned to chairman emeritus and his brother, Jim Cabela, became chairman.

New York -- President Barack Obama visited Safeway Inc.’s distribution center in Upper Marlboro, Md., where he spotlighted the chain’s efforts to improve truck efficiency and called for new fuel efficiency and greenhouse gas standards for medium-duty and heavy-duty trucks by March 2016. The new standards will mean “thousands of dollars in savings every year” for truck operators, Obama said.

Cal-Maine Foods has reached an agreement to acquire the remaining 50% of the membership interests of Delta Egg Farm from Sunbest Foods of Iowa, a Moark affiliate, for $17 million. The company already owns 50% of Delta Egg Farm.

Delta Egg Farm owns and operates a feed mill and egg production complex with capacity for approximately 1.2 million laying hens, located near Delta, Utah, and an organic egg production complex with capacity for approximately 400,000 laying hens located near Chase, Kansas. The company expects to close the transaction March 1.

Tampa, Fla. — BurgerMonger has taken a 2,700-sq.-ft. lease at Northwood Commons shopping center in Clearwater, Fla. This will be the restaurants fifth location, according to Florida Retail Partners www.floridaretailpartners, an X Team partner and co-broker representing BurgerMonger on the transaction. National Real Estate Ventures was the other co-broker.

When the new BurgerMonger opens in April, the fast casual restaurant will have four locations in the Tampa Bay metropolitan area and one in Willow Grove, Pa.

Pittsburgh — GNC Holdings Inc. reported positive financial performance during the fourth quarter and fiscal year 2013. For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

In addition, the chain reported consolidated revenue of $613.7 million for the quarter, an increase of 8.6% from $565 million from the year-ago period. Same-store sales increased 5% in domestic corporate stores and 3.3% in domestic franchise stores.

Stellarton, Canada — Sobey’s Inc. has entered binding purchase and sale agreements with Overwaitea Food Group and Federated Co-operatives Limited that will see Sobeys sell 22 of the 23 stores it is required to divest as part of its consent agreement with the Competition Bureau related to its purchase of Canada Safeway.

 In addition, Sobeys has signed a binding letter of intent with Federated for the sale of its Price Chopper location in Winnipeg, which the company is also required to divest as part of its October consent agreement.

Despite a challenging retail environment, GNC performed well during the fourth quarter and fiscal year 2013, generating what chairman, president and CEO Joe Fortunato described as solid top and bottom line growth.

For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

Sidney, Neb. — Cabela’s Inc. plans to enter three new markets in 2015 and 2016. The retailer will open new stores in Ammon, Idaho; Short Pump, Va.; and Fort Oglethorpe, Ga.