Marsh Supermarkets Food First Marsh Supermarkets Celebrates 85 Years in Indiana While Extensively Remodeling Many Stores and Opening New Ones

Total Page:16

File Type:pdf, Size:1020Kb

Marsh Supermarkets Food First Marsh Supermarkets Celebrates 85 Years in Indiana While Extensively Remodeling Many Stores and Opening New Ones RETAIL r Marsh Supermarkets Food First Marsh Supermarkets celebrates 85 years in Indiana while extensively remodeling many stores and opening new ones. By Russ Gager company profile Marsh Supermarkets www.marsh.net Headquarters: Indianapolis Employees: 6,000 Specialty: Groceries David Kuncl, chief merchandising and marketing officer: “The customer seems more than willing to pay a premium for the convenience.” explains David Kuncl, Marsh Super- markets chief merchandising and marketing officer. Marsh Supermar- kets also operates pharmacies in 38 of its grocery stores. The company has been on an ag- gressive remodeling schedule for its stores during the last 16 months. It remodeled 18 stores in 2015 and is planning to remodel another 30 in 2016. How extensive the remodeling is varies. “It depends on the facility and the marketplace that it operates in,” Kuncl points out. “In some cases, it’s been fairly simple. It’s been dé- cor, a reset, some basic maintenance and refreshing of the facility. In oth- er cases, there have been structural changes and much more extensive movement within the store with new fixtures, new refrigerated cases and a >> Marsh Supermarkets has been on an aggressive remodeling schedule for its stores during the last 16 months. completely transformed experience.” A recent remodeling of the ith a virtual food fight new stores by the end of 2018 to add 25,000-square-foot New Palestine, occurring in India- to its current total of 72 stores in Indi- Ind., store was extensive. New ser- napolis’s oversatu- ana, three of which retain their origi- vice meat and seafood departments rated supermarket nal brand of O’Malia’s Food Markets. were added, along with hot foods and Wscene, Marsh Supermarkets is mov- “O’Malia’s is a brand many, many a pharmacy. Physical fixtures, the exit ing aggressively to stand out among people have fond memories of, and and the overall flow into the store, the mostly national competitors. The there are a number things we do a along with the location of the check- company is planning to open up to 13 little differently in those stores,” outs, were changed. 132 food & drink international • summer 2016 • www.fooddrink-magazine.com Marsh Supermarkets >> Marsh is participating in a pilot program for the ViVino app, which provides users with information about wine. “The customer experience is greatly depending on the store’s area, which improved from what was a pretty nice ranges from Indianapolis to small, ru- store when we started,” Kuncl declares. ral communities. In some cases, the “We think it is a very good example of age of the location or whether it was a convenient, modern grocery store acquired from another company de- that really fits people’s hectic lifestyles termined its size. by allowing them to get in and out ef- “There are a lot of stores we’ve ficiently– it still has full selections and owned for a long time, and so over everything you’d expect in a supermar- the history of the company there’s ket – but without necessarily having to been different prototypes and differ- traipse through a 200,000-square-foot ent thinking, and that’s reflected in box to get it.” The entire remodeling the variances that you see in the store was done without shutting the store base,” Kuncl says. down – most of the store was remod- Despite the differences in size, eled while it ordinarily is closed from many Marsh Supermarkets are getting midnight to 6 a.m. expanded fresh departments such as produce, meat, seafood and bakery. Big and Small “In produce, the primary focus has Marsh Supermarkets range in size been two-fold,” Kuncl says. “One is from 15,000 up to 90,000 square feet to continue to expand the amount of food & drink international • summer 2016 • www.fooddrink-magazine.com 133 RETAIL r Marsh Supermarkets >> Many Marsh Supermarkets are getting expanded fresh departments. The stores also are improving their deli items including salads, which are being improved. produce that we source locally, and the other part is what I call semi-prepared and prepared, mostly cut fruit and veg- etables. We have a very strong program in those areas.” Some customers are purchasing precut fruits both for the convenience and for portion control. “The customer seems 13 4 food & drink international • summer 2016 • www.fooddrink-magazine.com Marsh Supermarkets in this area that has a full selection of locally produced beef, pork and chicken. We have a whole line of Indiana- or Ohio- raised meat produced primarily on small family farms.” Meat isn’t the only department that sets Marsh Su- permarkets apart. Approximately half of Marsh Super- markets’ bakery departments fry their donuts fresh each morning. “It’s a pretty noticeable difference in the overall flavor profile,” Kuncl asserts. “It’s an indulgent item – it’s not health food, but few people are eating donuts because of the nutritional profile.” The bakery departments also are known for their cakes. “Our cakes have been part of a lot of family celebrations over the years,” Kuncl notes. “We’re very proud of our decorators and their skill and ability to create special cakes for special occasions.” Deli Developments Marsh Supermarkets is experimenting with the preparation and specifications for the fried and rotisserie chickens it produc- es in its deli departments. The company’s goal is to continue to improve the customer experience with fresher and health- more than willing to pay a premium for the convenience,” Kuncl observes. Marsh Supermarkets purchases some of the fruit already cut by the supplier, and other fruit is cut by Marsh employees. “We focus the store team on what we consider to be the higher, value-added components – the bigger trays and what I would call a little more custom work – whereas the things like chunked melons or chunked pineapple come in already prepared, and there is less skill involved and less work to it,” Kuncl explains. Certified Tender Beef Kuncl maintains that, to his knowledge, Marsh Supermarkets is one of only four retailers in the United States that sells beef certified “tender” by the United States Department of Agriculture. “It is a specific grade that undergoes a shear test on the product to determine how tender it is,” Kuncl says. “It goes through a unique process during the harvest- ing of the animal that ensures tenderness in the prime cuts.” That level of quality extends to other products in the meat department, all of which are cut in the store. “We offer a higher-grade product day-in and day-out than our compe- tition in this market,” Kuncl insists. “We’re the only retailer food & drink international • summer 2016 • www.fooddrink-magazine.com 135 RETAIL r Marsh Supermarkets no app, which provides smart phones “We have a whole line of Indiana- or and tablets with access to information and reviews about wine. Ohio-raised meat produced primarily All these efforts – the remodeling, expansion and technology – are con- on small family farms.” – David Kuncl tributing to Marsh Supermarkets’ con- tinuing success for the last 85 years, which Kuncl says will be celebrated ier preparations. It also cooks up Noble equipped with transmitters called bea- with customers and employees in Au- Roman’s pizza in many of its stores and cons to wirelessly send special offers gust. He attributes the company’s lon- is working with that company on hot and directly to customers’ smart phones gevity to its employees. refrigerated takeaway products. based on their location in the store. “We “We have a lot of very experienced, “Behind-the-glass” foods such as sal- were the first grocery chain in America highly caring associates who have ad bars and deli items including potato to be fully beaconized in all our stores,” spent a lot of time at the company,” and pasta salads are being improved to Kuncl maintains. Kuncl emphasizes. “We have multiple have cleaner labels while being health- At checkout, customized offers generations working for the company ier and tastier. Portion-controlled meals printed on receipts are targeted to and many employees are friends of (such as Blue Apron) that need minimal individual customers by technolo- friends. It’s been a pretty good place home preparation are being provided gy from a company called inStream. to work for a lot of people for a long by a local company, Fresh Artistry. Marsh Supermarkets also is partici- time. We are proud of the business we Marsh Supermarkets have also been pating in a pilot program for the ViVi- have built together.” 13 6 food & drink international • summer 2016 • www.fooddrink-magazine.com.
Recommended publications
  • 10 Ways to Slash Energy Costs & Reduce Budget Uncertainty
    10 Ways to Slash Energy Costs & Reduce Budget Uncertainty A Special Report for Large North American Grocery Retailers Energy Management Insights: 2011 1 Introduction This report provides 10 ideas that large grocery retailers can use to reduce energy costs and budget uncertainty. It focuses on the retail grocery industry because it consumes the largest amount of energy of any retail segment. Grocery retailers also operate on the narrowest margins. Consequently they have both the strongest incentive and the largest opportunities to enhance profit through energy management. The emphasis is on large grocers for two reasons: They have the biggest incentive to reduce energy cost and budget uncertainty because they spend so much on energy. Their operations are so complex that energy management presents unique challenges that smaller grocers do not face. The ideas in this report are likely to be of interest to senior executives and hands-on managers in: Energy Management Real Estate Procurement Construction Facilities Finance and Engineering. They may also be useful to IT managers who Grocery retailers have the complex challenge of work with store operations and facilities-management reducing operational costs while maintaining a pleasant shopping environment for customers. teams. Energy Management Insights: 2011 2 Improvement Through Day-to-Day Operations Versus Large Capital Projects This document focuses on opportunities to reduce energy cost and budget uncertainty through improvements in day-to-day operations. Experienced energy managers know that store redesign, remodeling and retrofitting projects present the biggest opportunities to achieve dramatic changes in energy efficiency. Many of the ideas you read here can apply equally to such projects.
    [Show full text]
  • How the Indiana Black Farmers Co-Op Is Helping to Alleviate Food
    // How the Indiana Black How The Indiana Black Farmers Co-op Farmers Co- is Helping to op is Helping to Alleviate Alleviate Food Food Deserts Deserts The Problem: What is a food desert? Cookie cutter definition: FOOD DESERTS ARE DEFINED AS PARTS OF THE COUNTRY VAPID OF FRESH FRUIT, VEGETABLES, AND OTHER HEALTHFUL WHOLE FOODS, USUALLY FOUND IN IMPOVERISHED AREAS. THIS IS LARGELY DUE TO A LACK OF GROCERY STORES, FARMERS’ MARKETS, AND HEALTHY FOOD PROVIDERS. American Nutrition Association Vol. 38, No. 2 // This has become a big problem because while food deserts are often short on whole food providers, especially fresh fruits and vegetables, instead, they are heavy on local quickie marts that provide a wealth of processed, sugar, and fat laden foods that are known contributors to our nation’s obesity epidemic. The food desert problem has in fact become such an issue that the USDA has outlined a map of our nation’s food deserts, which I saw on Mother Nature Network. A More Accurate Way to Define Food Deserts Who in in my actual neighborhood has deemed that we live in a food desert? Number one, people will tell you that they do have food. Number two, people in the hood have never used that term. It’s an outsider term. “Desert” also makes us think of an empty, absolutely desolate place. But when we’re talking about these places, there is so much life and vibrancy and potential. Using that word runs the risk of preventing us from seeing all of those things. 'Desert' makes us think of an empty, desolate place.
    [Show full text]
  • Houchens Industries Jimmie Gipson 493 2.6E Bowling Green, Ky
    SN TOP 75 SN TOP 75 2010 North American Food Retailers A=actual sales; E=estimated sales CORPORATE/ SALES IN $ BILLIONS; RANK COMPANY TOP EXECUTIVE(S) FRancHise STORes DATE FISCAL YEAR ENDS 1 Wal-Mart Stores MIKE DUKE 4,624 262.0E Bentonville, Ark. president, CEO 1/31/10 Volume total represents combined sales of Wal-Mart Supercenters, Wal-Mart discount stores, Sam’s Clubs, Neighborhood Markets and Marketside stores in the U.S. and Canada, which account for approximately 64% of total corporate sales (estimated at $409.4 billion in 2009). Wal-Mart operates 2,746 supercenters in the U.S. and 75 in Canada; 152 Neighborhood Markets and four Marketside stores in the U.S.; 803 discount stores in the U.S. and 239 in Canada; and 605 Sam’s Clubs in the U.S. (The six Sam’s Clubs in Canada closed last year, and 10 more Sam’s are scheduled to close in 2010.) 2 Kroger Co. DAVID B. DILLON 3,634 76.0E Cincinnati chairman, CEO 1/30/10 Kroger’s store base includes 2,469 supermarkets and multi-department stores; 773 convenience stores; and 392 fine jewelry stores. Sales from convenience stores account for approximately 5% of total volume, and sales from fine jewelry stores account for less than 1% of total volume. The company’s 850 supermarket fuel centers are no longer included in the store count. 3 Costco Wholesale Corp. JIM SINEGAL 527 71.4A Issaquah, Wash. president, CEO 8/30/09 Revenues at Costco include sales of $69.9 billion and membership fees of $1.5 billion.
    [Show full text]
  • Indianapolis Food Deserts in 2019
    COMMUNITY TRENDS FALL 2019 GETTING GROCERIES: FOOD ACCESS ACROSS GROUPS, NEIGHBORHOODS, AND TIME Unai Miguel Andres, MURP; Matt Nowlin, MURP; Ross Tepe 1 2 This report was produced by The Polis Center at IUPUI for the SAVI Community Information System. Access this report and related digital-only content at www.savi.org/food-access. GETTING GROCERIES: FOOD ACCESS ACROSS GROUPS, NEIGHBORHOODS, AND TIME Unai Miguel Andres, MURP; Matt Nowlin, MURP; Ross Tepe 3 4 EXECUTIVE SUMMARY When people do not have access to healthy food, this can impact their diet, their health, and their quality of life. Food deserts are a way of defining communities that lack healthy food access. These are neighborhoods with both Population Living in Food Deserts low healthy food access and low income. Increased Since 2016 There are 208,000 people living in food deserts in India- napolis. Importantly, 10,500 households without a car live in a “transit food desert,” with no grocery easily accessible by bus. The number of people in food deserts has risen by 10 percent since 2016, mostly driven by the closure of 208,000 Marsh Supermarkets, one of Central Indiana’s major gro- cery chains. Despite the Marsh closings, there are actually more grocery stores in Indianapolis now than in 2016, but the existing stores tend to be grouped together and so 187,000 offer access to fewer people than they once did. When it comes to food access, center city neighborhoods 2016 2017 2018 2019 have fared better than townships and older suburbs. Two former Marsh locations downtown reopened under new ownership, and neighborhoods within four miles of Monu- ment Circle actually have better food access today than in 2016.
    [Show full text]
  • Kroger Manufacturing Plants
    ABOUT THE KROGER FACT BOOK This Fact Book provides certain financial and operating performance about The Kroger Co. and its consolidated subsidiaries. It is intended to provide general information about Kroger and therefore does not include the Company’s consolidated financial statements and notes. On January 22, 2003, the SEC issued release No. 33-8176 that set forth new requirements relating to the disclosure of non-GAAP financial measures, as defined in the release. The release allows for presentation of certain non-GAAP financial measures provided that the measures are reconciled to the most directly comparable GAAP financial measure. Any non-GAAP financial measure discussed in this Fact Book complies with this requirement. More detailed financial information can be found in Kroger’s filings with the SEC. Kroger believes that the information contained in this Fact Book is correct in all material respects as of the date set forth below or such earlier date as indicated. However, such information is subject to change. Unless otherwise noted, reference to “years” is to Kroger’s fiscal years. July 2008 I. Preface & Overview Page 1 About the Kroger Fact Book Sustainability Shareholder Information Corporate Overview Financial Highlights II. Retail Operations Page 7 Supermarkets Convenience Stores t Store Formats Jewelry Stores t Geography & Markets t Acquisition Strategy III. Sales Drivers Page 24 Corporate Brands Retail Fuel Operations t Kroger Manufacturing Loyalty Data & Customer Insight Pharmacy Kroger Personal Finance Natural and Organic Foods IV. Technology & Logistics Page 38 V. Financial Information Page 42 Customer 1st Strategy Debt Obligations Market Share Free Cash Flow Identical & Comparable Supermarket Performance Graph Sales Financial & Operating Statistics Capital Expenditures The Kroger Co.
    [Show full text]
  • Chain Member Companies As of October 15, 2012 Ahold USA
    Chain Member Companies as of October 15, 2012 Ahold USA C.R. Pharmacy Service, Inc. dba CarePro Quincy MA Health Services http://www.ahold.com Cedar Rapids IA http://www.careprohealthservices.com Albertsons LLC Boise ID CARE Pharmacies Cooperative, Inc. http://www.albertsonsmarket.com Alexandria VA http://www.carepharmacies.com Alchemist General Inc. Saint Paul MN Coborn's, Incorporated Saint Cloud MN Arrow Prescription Center http://www.cobornsinc.com Hartford CT http://www.arrowrxcenter.com Community Pharmacies, LP/Maine Augusta ME Astrup Drug, Inc. http://www.communityrx.com Austin MN http://www.sterlingdrug.com Concord, Inc. dba Concord Pharmacy Atlanta GA Balls Food Stores (Four B Corp) http://www.concord‐pharmacy.net Kansas City KS http://www.henhouse.com Costco Wholesale dba Costco Pharmacies Issaquah WA The Bartell Drug Company http://www.costco.com Seattle WA http://www.bartelldrugs.com CVS Caremark Corporation Woonsocket RI Bi Lo – Winn Dixie http://www.cvs.com Jacksonville FL http://www.bi‐lo.com Dean Clinic Pharmacy Madison WI Big Y Foods Inc. http://www.deancare.com Springfield MA http://www.bigy.com Dierbergs Pharmacies Chesterfield MO Brookshire Brothers, Inc. http://www.dierbergs.com Lufkin TX http://www.brookshirebrothers.com Discount Drug Mart, Inc. Medina OH Brookshire Grocery Co. http://www.discount‐drugmart.com Tyler TX http://www.brookshires.com Chain Member Companies as of October 15, 2012 Doc's Drugs Ltd. Genoa Healthcare Holdings, LLC Braidwood IL Mercer Island WA http://www.docsdrugs.com http://www.genoahealthcare.com Drug Emporium of West Virginia Giant Eagle, Inc. Charleston WV Pittsburgh PA http://www.drugempwv.com http://www.gianteagle.com Drug World Pharmacies Giant Food Stores, LLC New City NY Carlisle PA http://www.drugworld.com http://www.giantpa.com Eaton Apothecary Gibson Sales, L.P.
    [Show full text]
  • President's Daily Diary Collection (Box 78) at the Gerald R
    Scanned from the President's Daily Diary Collection (Box 78) at the Gerald R. Ford Presidential Library THE WHITE HOUSE THE DAILY DIARY OF PRESIDENT GERALD R. FORD PLACE DAY BEGAN DATE (Mo., Day, Yr.) THE WHITE HOUSE OCTOBER 15, 1975 ~ WASHINGTON, D.C. TIME DAY 8:10 a.m. WEDNESDA~ t HONE TIME "'" 'v ACTIVITY "~ '" 0:: co:" II II In Out "'- co: 8:10 The President had breakfast. 8 :40 The President went to the Oval Office. The President met with: 8:40 8:55 David A. Peterson, Chief, Central Intelligence Agency/Office of Current Intelligence (CIA/OCI) White House Support Staff 8:40 9 :10 Lt. Gen. Brent Scowcroft, Deputy Assistant for National Security Affairs The President met with: 9:10 9:50 Donald H. Rumsfeld, Assistant 9:10 9:50 Richard B. Cheney, Deputy Assistant 9;10 9:50 Jerry H. Jones, Sp~cial Assistant 9:10 9:30 Terrence O'Donnell, Aide 9:52 10:25 The President met with his Counsellor, Robert T. Hartmann. The President met with: 10:25 11:00 John O. Marsh, Jr., Counsellor 10:40 11:05 Mr. Hartmann 10:40 11:34 Mr. Rumsfeld 10:40 11 :05 Mr. Cheney 10:40 11:05 Max L. Friedersdorf, Assistant for Legislative Affairs 10:40 11:05 Ronald H. Nessen, Press Secretary 11:35 12 :13 The President met with Vice President Nelson A. Rockefeller. 12:20 The President went to the South Grounds of the White House. 12:20 12:27 The President motored from the South Grounds to the Washington Hilton Hotel, 1919 Connecticut Avenue.
    [Show full text]
  • Participating Distributors Revised 05.26.15 Page 1 of 13
    Participating Distributors Revised 05.26.15 Page 1 of 13 Recently Added Distributors Blair’s Market Dick’s TDL Group Corp (Tim Hortons) Blazer’s Fresh Foods DJ’s Inc Calgary Food Bank Blue Mountain Foods DJ’s Pilgrim Market The North West Company Bob’s Supermarket Don’s Market M&M Meat Shops Ltd. Bob’s Valley Don’s Thriftway T.I.G.O. Trading Bowman’s Double D Market Devash Farms Bradley’s Bestway Dove Creek Superette KCCP Distribution Company Broulim’s Market Downey Food Center Nutricion Fundemental Burney & Company Dry Creek Stations Pasquier Busy Corner Market Duane’s Foodtown Horizon Distributors Ltd. Buy Low Market Duckett’s Market Fruiticana Produce Ltd. Cactus Pete’s Country Store El Mexicano Market Dollarama L.P. Caliente Store El Rancho Market Camas Creek Country Store El Rodeo Market 99 Cents Only Stores Canyon Foods Elgin Foodtown Affiliated Foods Midwest Carter’s Market Emigrant General Store Affiliated Foods Inc - Amarillo Cash and Carry Foods Etcheverry’s Foodtown Ahold Cedaredge Foodtown F T Reynolds American Sales Company Central Market Familee Thriftway Giant Foods Chappel’s Market Family Foods Martin’s Foods Chuck Wagon General Family Market Stop & Shop Clarke’s Country Market Farmer’s Corner Albertson’s LLC Clark’s Market Farmer’s Market ACME Clinton Market Finley’s Food Farm Aldi Colter Bay Store Flaming George Market Asian Imports/Navarro Transportation Columbine Market Food Ranch Bestway Associated Food Stores (Far West) Cook’s Foodtown Food RoundUp A&A Market Cooperative Mercantile Corp Food World Thriftway Adamson’s Corner Market Fortine Merc. Alamo Store Cottonwood Market Fresh Approach Aldapes Market Cottonwoods Foods Fresh Market Allen’s Inc.
    [Show full text]
  • Private Equity Pillage: Grocery Stores and Workers at Risk Private Equity Pillage: Grocery Stores and Workers at Risk
    29/10/2018 Private Equity Pillage: Grocery Stores and Workers At Risk Private Equity Pillage: Grocery Stores and Workers At Risk The private equity business model is to strip assets from companies that they acquire. The latest victims: retail grocery chains By Rosemary Batt & Eileen Appelbaum October 26, 2018 This article appears in the Fall 2018 issue of The American Prospect magazine. Subscribe here. ince 2015 seven major grocery chains, employing more than 125,000 S workers, have filed for bankruptcy. The media has blamed “disruptors”—low-cost competitors like Walmart and high-end markets like Whole Foods, now owned by Amazon. But the real disruptors in this industry are the private equity owners who were behind all seven bankruptcies. They have extracted millions from grocery stores in the last five years—funds that could have been used to upgrade stores, enhance products and services, and invest in employee training and higher wages. As with the bankruptcies of common household names like Toys “R” Us, private equity owners throw companies they own into unsustainable debt in order to capture high returns for themselves and their investors. If the company they have starved of resources goes broke, they’ve already made their bundle. This is all perfectly legal. It should not be. The bankrupted private equity–owned grocery chains include East Coast chains A&P/Pathmark, Fairway, and Tops; West Coast chains Fresh & Easy and Haggen; the Southeastern Grocers chains (BI-LO, Bruno’s, Winn-Dixie, Fresco y Más, and Harveys); and in the Midwest, Marsh Supermarkets. We could find http://prospect.org/article/private-equity-pillage-grocery-stores-and-workers-risk 1/16 29/10/2018 Private Equity Pillage: Grocery Stores and Workers At Risk no comparable publicly traded grocery chains that went bankrupt during this period.
    [Show full text]
  • HOT Market Report
    HOT Market Report July 29, 2009 www.fdreports.com Strategic Intelligence Customer & Market Insights /Regional Supplement Demographics – Competition – Market Trends Indianapolis-Carmel, IN Hot Market Customer & Market Insights www.fdreports.com I July 29, 2009 Indianapolis-Carmel, IN BACKGROUND INFORMATION With 1.9 million people, the Indianapolis market is the 33rd largest metropolitan area in the United States in terms of population. Since 2000, the area’s total population increased 5.6%, compared to the state’s 4.4% increase and the country’s 7.2% increase. According to the U.S. Census Bureau, in 2007 the Indianapolis metro area’s ethnic mix was estimated to be 79.7% Caucasian, 14.1% African American, 4.5% Hispanic or Latino and 1.7% Asian. Like most other metro areas, Indianapolis has been affected by the housing market decline. The average price of single family homes in Indianapolis was $94,600 as of the first quarter of fiscal 2009, representing a two year decline of 19.0%. The area’s 2007 median household income of $53,101 is well above the state median ($47,422) and national median ($50,740). The area’s unemployment rate of 10.7%, not seasonally adjusted, as of June 2009 is nearly double what it was in June 2008, and is higher than the national rate of 9.5% for that month. The major corporate players with headquarters in the area include Eli Lilly and Company, Wellpoint, Thomson SA, Conseco, Steak ‘n Shake, Sallie Mae, Rolls Royce, Marsh Supermarkets, Delta Faucet Company and General Motors. Indianapolis ranked #27 in total grocery sales of all metro markets in 2007, at $3.68 billion.
    [Show full text]
  • In Re: Nash Finch Company Securities Litigation 05-CV-2934
    Case 0:05-cv-02934-ADM-AJB Document 32-1 Filed 06/30/2006 Page 1 of 117 UNITED STATES DISTRICT COURT DISTRICT OF MINNESOTA In re NASH FINCH CO. SECURITIES ) Civ. No. 0:05-cv-02934-ADM-AJB LITIGATION ) ) CLASS ACTION ) CONSOLIDATED COMPLAINT FOR This Document Relates To: ) VIOLATIONS OF THE FEDERAL ) SECURITIES LAWS ALL ACTIONS. ) ) Case 0:05-cv-02934-ADM-AJB Document 32-1 Filed 06/30/2006 Page 2 of 117 TABLE OF CONTENTS Page I. INTRODUCTION.................................................................................................... 1 II. JURISDICTION AND VENUE............................................................................... 9 III. THE PARTIES ....................................................................................................... 10 IV. CONFIDENTIAL WITNESSES............................................................................ 12 V. FACTS SHOWING DEFENDANTS’ KNOWLEDGE OF MATERIAL ADVERSE INFORMATION................................................................................. 19 A. Defendants Knew the Company’s Financial Results Would be Negatively Impacted if They Did not (1) Effectively Integrate the Operations, Systems and Personnel of the Acquired Distribution Centers, (2) Retain Existing Customers and Capture Additional Customers and (3) Effectively Manage Vendor Promotional Programs...................................................................................................... 19 B. Defendants Knew the Acquisition of the Roundy’s Distribution Centers Would Not Add $1 Billion of
    [Show full text]
  • The New Supernaturals As Wellness Goes Mainstream, a New Breed of Retail Banners Is Built to Benefit
    INFORMATION, INSIGHTS, IMPACT FOR FOOD RETAILERS A Penton® Publication | February 24-March 9, 2014 | Vol. 62, No. 4 | $10.00 IN THIS ISSUE: > SN Whole Health: Survey findings ..30 > Convincing kids to eat produce ......42 > Restaurants in the frozen case .......56 SUPERMARKET NEWS FINANCIAL OUTLOOK Weather puts focus on essentials THIS WINTER’S HARSH weather conditions may be having a negative impact on impulse spending at super- markets, industry analysts told SN last week — although overall the cold and snow may be a positive force for at-home dining. “Severe winter weather pretty much kills trading up,” Andrew Wolf, managing di- rector for BB&T Capital Mar- kets, Boston, said. For updates on the financial performance of food retailers, visit supermarketnews.com “Discretionary spending had been making a recovery in 2013, which resulted in stron- ger sales. But if bad weather is keeping people from shopping more often and forcing them to stock up more when the weather lets up and they do go out for groceries, they are less likely to be looking for that one additional discretionary item. “But with snow and severe winter weather, they’re not The New going after that floral arrange- ment or whatever. They want only more essential items.” Scott Mushkin, managing SUPERNATURALS director for Wolfe Research, As wellness goes mainstream, a new breed of retail New York, offered a similar as- sessment. “No one wants to go banners is built to benefit out and do anything when it’s By JON SPRINGER wellness — and food’s central role within that so cold outside, so when they The supermarket landscape is undergoing a fresh trend — are busy building stores that are compet- do shop, they’re doing so less reseeding.
    [Show full text]