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Issue 04-18-2022

Grocers renew ties at FMI event

ORLANDO, Fla. — After a two-year, COVID-induced hiatus and subsequent postponement from January to March 2022, FMI – The Food Industry Association convened its Midwinter Executive Conference at the Hyatt Regency Orlando hotel. The gathering of supermarket industry leaders and their counterparts from the consumer packaged goods and technology sectors was notable for the level

March sales climbed as COVID waned

NEW YORK — Despite growing uncertainty stoked by rising inflation and the Russian invasion of Ukraine, retail sales posted another strong month in March as the U.S. economy continued to hum and the impact of COVID-19 continued to ebb. Consumer spending patterns also continued to move closer to pre-pandemic trends as people spent more on

Walgreens’ second quarter results beat expectations

DEERFIELD, Ill. — Increased demand for COVID-19 tests and vaccines, driven by the Omicron variant’s surge, helped Walgreens Boots Alliance’s (WBA’s) second quarter results beat Wall Street’s forecasts. WBA reported adjusted earnings of $1.59 per share in the three months ended February 28. Revenue rose 3% from the year-ago period to $33.76 billion. Analysts’ consensus

Save Mart names Sampson executive chairman

MODESTO, Calif. — Former Albertsons Cos. executive Shane Sampson was named this month as executive chairman of regional supermarket operator Save Mart Cos., which has 204 stores in Northern California and Nevada. The appointment was announced a week after Save Mart was acquired by a Los Angeles-based private investment group, Kingswood Capital Management LP. Save

Six food industry leaders honored at FMI event

ORLANDO, Fla. — FMI – the Food Industry Association, recognized six executives with leadership awards at its recent Midwinter Executive Conference here. The industry leaders honored were Neal Berube of Associated Food Stores, Jonathan Mayes of Albertsons Cos., Steve Cahillane of Kellogg Co., Mike Stone of Mollie Stone’s Markets, Todd Schnuck of Schnuck Markets Inc.

Sea change for consumer health care included tidal waves

Editors note: This is an abridged version of an article that ran in Nicholas Hall’s CHC Insight North America, a bimonthly publication that covers consumer health care. When Lord Cornwallis surrendered his army to George Washington at Yorktown in 1781, effectively ending the American Revolution, he directed his musicians to play a popular tune called