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SpartanNash Announces Second Quarter 2019 Financial Results
SpartanNash Company today reported financial results for the 12-week second quarter and 28-week period ended July 13, 2019.
“Consistent with our comments in the press release issued earlier this week, the Board of Directors and I remain confident in the Company’s overall strategic direction,” said Dennis Eidson, Interim President and Chief Executive Officer. “I am excited to work with our team of talented associates as we focus our efforts on improved execution, while continuing to...
SpartanNash Announces Leadership Transition
SpartanNash Company (Nasdaq: SPTN) (“SpartanNash” or the “Company”) today announced that its Board of Directors has appointed the Company’s Chairman, Dennis Eidson, to the additional roles of Interim President and CEO, effective immediately. Mr. Eidson will serve in these additional roles until the next CEO is identified. Mr. Eidson served as CEO from 2008-2017, and previously served as SpartanNash’s President, Chief Operating Officer and Executive Vice President of Marketing and Merchandising during his 16-year tenure with the Company. The Board also announced that it has accepted the resignation of President and CEO, Dave Staples, who is leaving the Company and the SpartanNash Board.
“The Board remains confident in the Company’s strategic direction and its ability to generate top line growth; however, execution has fallen short of our expectations and we believe that now is the time for...
SpartanNash Appoints New President of Food Distribution
SpartanNash (Nasdaq: SPTN) announced today that Mr. Walt Lentz has joined the company as Executive Vice President and President, Food Distribution, effective May 31, 2019. Mr. Lentz has 32 years of logistics and supply chain experience in roles of increasing leadership responsibility, including serving from 2017 to 2019 as Acting Chief Executive Officer and Chief Supply Chain Officer of Peapod LLC, the grocery eCommerce business division of Ahold Delhaize.
As President of Food Distribution, Mr. Lentz will have full responsibility of SpartanNash’s $4 billion food distribution segment and responsibility for the total company supply chain. He will work with the SpartanNash team in developing and executing strategic plans to grow the wholesale distribution and food manufacturing businesses’ profitability. Mr. Lentz will report to SpartanNash’s President and Chief Executive Officer, David M. Staples...
SpartanNash Announces First Quarter 2019 Financial Results
SpartanNash Company (the "Company") (Nasdaq: SPTN) today reported financial results for the 16-week first quarter ended April 20, 2019.
"We are pleased with our team's efforts to grow net sales across all three business segments, particularly in light of the challenging operating environment," said David Staples, President and Chief Executive Officer. "While we are not satisfied with our bottom-line results for the quarter, our team remains committed to our fiscal 2019 objectives and long-term strategy, which we believe will support both future growth and profitability long-term."
Strategic Business Objectives
As outlined in its fourth quarter earnings release, the Company has defined its top five objectives for 2019. These objectives remain critical in the context of the Company's long-term strategic objective to evolve into a company with a national, highly efficient distribution platform servicing a diverse customer base through...
SpartanNash Launches Check Out Now for a Quicker Way to Shop
The mobile app gives store guests the ability to scan, bag and go, available now at Georgetown and Metro Family Fare locations
SpartanNash today announced another way for store guests to save time and money with the launch of its scan, bag and go mobile app, Check Out Now™. Check Out Now allows store guests to scan bar codes on products, bag their own groceries and get in and out quicker with each trip to the grocery store.
Check Out Now is currently available at the Georgetown and Metro Family Fare stores, located at 6480 28th Ave. in Hudsonville and 2275 Health Dr. in Wyoming, Mich. SpartanNash will continue to add Check Out Now to additional stores in its retail footprint in 2019.
“At SpartanNash, our goal is always to find ways to better serve our customers through our stores ...
SpartanNash to Acquire Martin's Super Markets
Strategic Acquisition Expands Corporate Retail Footprint
SpartanNash Company (the "Company") (Nasdaq: SPTN) today announced it has reached an agreement to acquire Martin's Super Markets, Inc. ("Martin's"), a leading family-owned and operated Midwest independent supermarket chain, in a transaction that will expand its corporate retail footprint into the adjacent markets of northern Indiana and southwestern Michigan.
Founded in 1947 and headquartered in South Bend, Indiana, Martin's currently operates 21 stores in Northern Indiana and Southwest Michigan with approximately 3,500 employees. For the fiscal year ended July 29, 2018, Martin's had more than...
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