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The Minneapolis wholesaler defends itself against Blackwells’ attempt to take control of the company with six board seats.
The transaction is expected to be completed by late spring.
The Associated Food Stores' chief succeeds Associated Grocers' Emile Breaux, who joins the company’s operations team.
Condensation issues and less than ideal positioning have doomed the company's first shot at unattended grocery pickup, but in-store towers are in full rollout, EVP Mark Ibbotson says.
Seeking to be a disruptor itself, the retailer is taking its innovation to others, its VP said at a Shoptalk event.
The retailer will offer packing, shipping and printing solutions at 500 in-store locations nationwide.
The marketplace will facilitate “long tail” direct-to-consumer sales, SVP Narayan Iyengar said at a Shoptalk event.
The company is expanding its Hispanic banner in Florida, despite its recent announcement of 94 store closures.
The "business decision" was spurred by declining sales in the category, officials said.
The Lempert Report: Research shows shoppers are polygamists when it comes to their choice of banners.
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