Sobeys parent Empire sizes up financial hit from cyberattack

Impact to third-quarter earnings estimated at $39 billion, but the actual total likely tops $50 million Canadian dollars or about $36.4 million in U.S. currency.

Wholesalers & Distributors

SpartanNash promotes Chief Legal Officer Illeana McAlary

The C-suite executive was elevated to the EVP title since joining the distributor over a year ago.

Improved meal ordering and customer metrics, plus operational efficiencies, provide bright spots alongside Q4 revenue decline and net loss.

Silicon Valley Bank collapse further squeezes online retailer’s liquidity as it continues to pursue a company sale.

“2022 was a record year, having surpassed $1 billion in adjusted EBITDA for the first time in the company’s history,” CEO Bob Eddy said Thursday.

The Providence, Rhode Island-based wholesaler has withdrawn its long-term fiscal year 2024 financial targets citing challenges ahead. UNFI cut its fiscal year 2023 adjusted EPS forecast from $4.85-$5.15 to $3.05-$3.90.

The retail giant on Tuesday said e-commerce, advertising and other revenue streams will surge in importance in the coming years.

The markets slated for closure are about 30% larger than the grocer’s current prototype. But Sprouts remains in growth mode, with plans to open 30 new locations this year.

E-commerce sales fell for a second straight quarter as the warehouse club chain wrestles with its discretionary/nondiscretionary merchandise mix.

CEO Rodney McMullen reports that Albertsons merger negotiations with regulators are on track.

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