Personnel Updates:
Bag ‘N Save Supermarkets said that Louis Stinebaugh has been named President and CEO of the 12-store chain. Stinebaugh succeeds Jack Shrago, former president and owner, who has retired, and will report to Leon Shrago — Jack’s younger brother — who is now chairman and owner.
David Kelly, A&P’s Senior VP Real Estate, is leaving the company to take a similar role at Rite Aid.
Kroger Co. has appointed Reuben Shaffer, the company’s vice president of retail operations for the Cincinnati/Dayton division since 2001, to be its chief diversity officer, effective immediately.
FreshDirect co-founder Jason Ackerman has been named as the company’s CEO. Ackerman replaces Rick Braddock, the former Citibank exec who had served as FreshDirect’s CEO until last March, when he resigned at about the same time that Marks & Spencer invested $50 million in the company.
The Pantry, Inc. announced that Brad Williams, Senior VP of Operations has announced his decision to leave The Pantry.
Piggly Wiggly Carolina Co. has promoted Melody Hasch to Director of IT for both the retailer/wholesaler and its loyalty-program company, Greenbax Enterprises.
SPAR Group, Inc. announced that James H. Holden has been selected to be its President of their Canadian division, SPAR Canada Company.
Tedeschi Food Shops announced that it has hired Bob Goodwin to join its retail team as the company’s Director of Fresh Foods.
Mergers and Acquisitions:
7-Eleven Inc. has signed an agreement to operate 6 convenience store locations in VA for Workman Oil Co., Lynchburg , Va. Roanoke and Salem , VA
Amcon Distributing Co. acquired L.P. Shanks Co. Inc. In Crossville, TN. The move will significantly increase its distribution presence in the Southeast.
The Great Atlantic & Pacific Tea Company announced that it recently completed the previously announced auction of 25 southern Superfresh locations, as it continues to fully implement its comprehensive financial and operational restructuring. The winning bids, which are subject to approval from the bankruptcy court before the sales would be completed, will be listed in motions of the company to be filed with the court on May 27. The company anticipates closing the 13 remaining Superfresh locations that were not sold at auction. These locations are expected to be closed by mid-July, subject to approval by the court.
The Stop & Shop Supermarket Company announced that it has finalized its acquisition of 5 New Jersey Shore-area Foodtown supermarkets previously owned by Norkus Enterprises Inc. The transaction involves stores in Freehold Township , Manalapan, Neptune City , Point Pleasant Beach and Long Branch
Big Save Value Centers, a Hawaiian chain founded in 1958, is being sold to QSI, which operates as Times Supermarket. The latter has 17 stores in HI. Big Save stores in Eleele, Hanalei, Kapaa, Koloa and Waimea are expected to stay open, but the one in Lihue will close because a Times store operates nearby.
United Natural Foods (UNF) is selling its nonfoods business, which includes HBC product lines, to
L&R Distributors Inc.
L&R Distributors Inc.
VPS Convenience Store Group, an affiliate of Sun Capital Partners, Inc., announced the acquisition of Virginia Oil Company, a fuel wholesaler and operator of 17 convenience stores in western VA. With this acquisition, VPS now operates 419 stores in seven states (Indiana , Michigan , Ohio , North Carolina , South Carolina , Tennessee and Virginia ) in the Southeast, Mid-Atlantic and Midwest .
Industry Insight:
NCR Corp. plans to roll out “more than 800” new Blockbuster Express kiosks to Food Lion stores in 11 states.
Residents of Buffalo , N.D.
Green Initiatives:
Safeway’s store in the Georgetown section of Washington , D.C.
