Month: August 2013

The National Grocers Association (NGA) and FMS released the results of their joint 2013 Independent Grocers Financial Survey. Showing their resilience and business savvy, independent grocers capitalized on the improvements in the economy and posted an average net profit before taxes of 1.65 percent in fiscal year 2012, up from 1.12 percent in 2011. They also grew inflation-adjusted same-store sales and improved gross margins across key store categories.As unemployment, consumer confidence and other key economic indicators improved, so did the financial results of independent grocers. …

Paydiant, provider of a cloud-based mobile wallet, cardless ATM access and offer redemption platform, announced that Harris Teeter, Inc., a Mid-Atlantic grocery chain that operates over 200 stores in eight states and the District of Columbia, will deploy a pilot of Paydiant’s white label mobile wallet as part of their Express Lane™ online shopping service in Matthews, N.C. beginning this month.  The pilot store is located in Matthews Festival Shopping Center at 1811 Matthews Township Pkwy. …

Fresh Thyme Farmers Markets, a grocery startup that focuses on fresh produce, plans to enter the Twin Cities market in 2014. …

Lowes Foods is closing two of its Triangle stores, including one in west Cary near where Publix plans to open its first grocery store in the region next year. …