KraftHeinz

Articles about Kraftheinz

  1. Channel: Grocery

Ahold Delhaize Sells FreshDirect To Turkish E-Grocer Getir

Ahold Delhaize USA announced this morning that it is selling the FreshDirect e-grocery business in which it acquired an 80 percent stake less than three years ago. The buyer is Getir, a Turkish e-commerce company that largely operates in Europe, but does have so-called instant delivery operations in Chicago, New York and Boston, where it […]
3 min read
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  1. Trends & External Forces

DTC Health Care Apparel Brand Figs Opens First Store in LA

Direct-to-consumer health care apparel and lifestyle brand Figs has opened its first permanent physical retail space in LA’s Century City Mall. In addition to providing shoppers — who Figs refers to as “Awesome Humans” — with the opportunity to touch and try on products, the store, dubbed a “Community Hub,” will host events to celebrate […]
2 min read
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  1. Channel: Drug

Rite Aid to offer veteran appreciation discount

PHILADELPHIA — Rite Aid said it will honor the service and sacrifice of all veterans and active military personnel this Veterans’ Day by offering a “Veteran Appreciation Days” promotion. From Nov. 10-12, customers with a valid military ID or proof of service are eligible for 15% off regular-priced items* at any Rite Aid store location. […]
< 1 min read
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  1. Channel: Ecommerce & Digital

Target offering Thanksgiving meal for under $25

    [[“value”:” Target has launched a Thanksgiving meal for under $25 online and in store, including the following staples to serve four: Good & Gather Premium Basted Young Turkey (Frozen) – 10 lb. Good & Gather Russet Potatoes – 5 lb. Good & Gather Cut Green Beans – 14.5 oz. Campbell’s Cream of Mushroom Soup – 22 oz. […]
< 1 min read
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  1. Shopper & Customer

Dessert Industry Trends in the US

Amid an unsteady economy, there have been concerns that consumers will reduce their spending on indulgences, yet the dessert industry remains stable in growth. Nevertheless, Americans are changing their dessert consumption behaviors. In this article, we’ll explore how consumers are contending with healthy versus indulgent dessert perceptions, the influence of plant-based innovation in sweet treats, […]
5 min read
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  1. Media & Marketing

Broadcast bounceback: New TV sports rights deals provide fans with free access to local games

Coming to a TV station near you: your favorite local sports team. As the television landscape evolves, access to local sports is changing—and the price point for some fans couldn’t be better: free. How is this possible? As audiences continue to migrate away from traditional cable packages, a handful of teams are partnering with local […]
3 min read
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  1. Stores & Formats

Rite Aid plans to close over 150 underperforming stores

PHILADELPHIA — Rite Aid plans to plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process. The company submitted a list of 154 stores in a court filing. Most of the chain’s stores are on the East and West Coasts, and the list reflects […]
2 min read
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  1. Channel: Mass

SN Top: Sobeys, Walmart, Walgreens top the week's headlines

    [[“value”:” In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Sobeys vegetable supplier calls it quits. A supplier of some vegetables to Sobeys stores has sold its operations, reports Canada news outlet Saltwire. Sawler Gardens’ sale with a local farmer located about a mile from its land located on […]
< 1 min read
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  1. Department & Category

Customer Focused Food Innovation Drives Trial

  Food retailers are all competing for a larger share of stomach according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. In order to garner incremental customers food retailers including restaurants, convenience stores, grocery stores, dollar stores, and bodegas must focus specifically on Generation Z and Millennials where food discover and fresh […]
3 min read
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  1. Channel: Drug

Rite Aid looks to close 154 stores in Chapter 11 bankruptcy

    [[“value”:” Details are starting to surface about Rite Aid’s Chapter 11 bankruptcy filing, and it looks like the retailer plans to close 154 stores, reports Business Insider. The number was pulled from court documents. As it stands, Pennsylvania will lose the most stores (37), followed by California (28), with many others on the […]
< 1 min read
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  1. Channel: Drug

Rite Aid Files For Bankruptcy

Rite Aid, the nation’s third largest drug store chain, filed for Chapter 11 bankruptcy protection yesterday. The New York Times writes that the company is “weighed down by billions of dollars in debt, declining sales and more than a thousand federal, state and local lawsuits claiming it filled thousands of illegal prescriptions for painkillers. Rite […]
2 min read
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  1. Department: Food

The Giant Co. names new CFO, SVP of operations

    [[“value”:” The Giant Company announced today that it has named Rebecca Lupfer chief financial officer and Dave Lessard senior vice president of operations, customer experience, and perishable distribution. Both will report directly to The Giant Company’s president, John Ruane. Both appointments are effective Monday, Oct. 16.  In her new role, Lupfer will lead the finance, […]
2 min read
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  1. Corporate Finance

Rite Aid files for Chapter 11 bankruptcy protection

PHILADELPHIA — Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection, as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation. In connection with this process, Rite Aid said it has […]
2 min read
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  1. Channel: Drug

Rite Aid Takes Steps to Accelerate Transformation and Position Company for Long-Term Success

PHILADELPHIA–(BUSINESS WIRE)–Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced it has reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the Company to accelerate its ongoing business transformation. Implementing the contemplated restructuring plan will significantly reduce the […]
< 1 min read
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  1. Corporate Strategy

Rite Aid Corporation Appoints Jeffrey S. Stein Chief Executive Officer

PHILADELPHIA–(BUSINESS WIRE)–Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that its Board of Directors has appointed Jeffrey S. Stein as Chief Executive Officer (CEO), Chief Restructuring Officer (CRO) and a member of the Board of Directors, effective immediately. Mr. Stein succeeds Elizabeth (“Busy”) Burr, who has served as Interim CEO of […]
< 1 min read
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  1. CPG: Food

Chianti Classico Celebrates 100 Years & “Exceptional Growth”

The Chianti Classico Consortium this week said that it celebrates its 100th anniversary, it has been seeing “exceptional growth” that tracks to “evolving trends” in people’s wine tastes. According to the announcement, “The high-end market segment, represented by Riserva and Gran Selezione wines, has consistently delivered outstanding performance. Together, they accounted for approximately 45% of […]
< 1 min read
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  1. Corporate Finance

Rite Aid faces NYSE delisting amid share-price decline

    [[“value”:” Rite Aid Corp. said this week that it was in danger of being delisted from the New York Stock Exchange as its stock price and market capitalization have plunged. The company said its stock, which has lost about 80% of its value since July and was trading at between about 52 and […]
2 min read
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  1. Data & Insights

Expo East 2023 Recap: 8 Trends to Watch

Our top takeaways from the show floor  At the end of September, we attended the final Expo East in Philadelphia and got excited about the launch of Newtopia Now next year. Once again, we joined thousands of attendees and exhibitors for a first look at innovative new products, explored updates on classics, chatted with inspiring […]
4 min read
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  1. Media & Marketing

The Resurgence And Rewards Of Brand Equity

Something interesting is happening in brand management. Increasingly, we read about brand-businesses that are focusing on Brand Equity. It has been decades since the topic of Brand Equity was mentioned in press releases and earnings calls. Brand Equity is more than a phrase; it is an investment in enduring profitable growth of the brand-business. That […]
4 min read
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  1. Media & Marketing

The Big Ten effect: With 4 new football teams next year, the NCAA conference will extend its TV reach in key markets

In addition to engaging millions of fans across the country, sports are big business, especially when it comes to television rights. And when we look at commercial opportunity, nothing tops football—something the media industry has experienced firsthand amid the most recent member changes within the top NCAA conferences. The changes aren’t likely to affect individual […]
4 min read
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  1. Department: Food

Jimmy Buffett: Catholic Philosopher?

Even the National Catholic Reporter weighed in after Jimmy Buffett’s passing, writing that “many outlets were fascinated to find that Buffett was raised Roman Catholic in the South. (Although astute listeners would have heard him say, ‘I was supposed to have been a Jesuit priest’ in ‘We Are the People Our Parents Warned Us About,’ […]
2 min read
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  1. Channel: Drug

Report: Rite Aid to Close Hundreds of Stores in Bankruptcy Filing

Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close, according to a report. People familiar with the company’s talks with creditors told The Wall Street Journal that Rite Aid has proposed to close as many as 500 stores in bankruptcy, and either sell […]
< 1 min read
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  1. Trends & External Forces

7 cool natural products we saw at EXPO East

    [[“value”:” Trends in keto, ayurvedic meals, mushrooms, and many, many non-alcoholic beverages The 38th annual natural products EXPO East show took place Sept. 20-23 at the Pennsylvania Convention Center in Philadelphia, Pa. It’s also actually the final year for the show, but look out next year for a totally new iteration of the […]
< 1 min read
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  2. Channel: Mass
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Kroger Delivers its First-Party Data to the Yahoo DSP

Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […]
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  1. Channel: Ecommerce & Digital
  2. Channel: Grocery - Natural
  3. Department: Nonfood
  4. Corporate Finance
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  8. International
  9. Technology & Innovation
  10. Stores & Formats

Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […]
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  1. Trends & External Forces
  2. Department & Category
  3. Department: Food
  4. Department: HBC
  5. Corporate Strategy
  6. ESG
  7. Technology & Innovation
  8. Trends & External Forces
  9. Associates & Employees
  10. Stores & Formats

Walmart to close all 51 health centers

BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […]
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