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UNFI names new CEO | Produce News
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Ex-Staples chief Sandy Douglas to become new UNFI CEO
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From FedEx to Chewy, CEOs are talking about the labor shortage — Quartz
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Southeastern Grocers: More than 40 enhanced stores in 2020
US: Food and beverage sales decline in November
Retail sales declined 1.1% in November compared to the previous month, according to the latest figures from the U.S. Census Bureau - though sales increased 4.1% year over year. Food and beverage sales decreased 17.2% in November compared to the previous month in 2019, however.
US: Instacart connects Cardenas with customers
Cardenas Markets is keeping up with the demand for online grocery by partnering with Instacart to provide its customers a convenient way to shop. Instacart’s delivery service for the Hispanic grocery chain will be available in Las Vegas, as well as the following communities in California: Calexico, Cathedral City, Coachella, Colton, Corona, East Palo Alto, El Centro, Fontana, Gilroy, Hayward, Hesperia, Indio, Lake Elsinore, Merced, Modesto, Montclair, Moreno Valley, Murrieta, Oakland, Ontario, Perris, Pittsburg, Pomona, Rialto, Riverside, Salinas San Ber
The International Brotherhood of Teamsters represents more than 5,000 UNFI employees.
The International Brotherhood of Teamsters (IBT) has rolled out a Vote No campaign against executive pay practices at distributor United Natural Foods (UNFI), urging the company’s shareholders to vote against the company’s Say-on-Pay proposal and equity plan.
“With UNFI’s CEO, Steven Spinner, eligible for $8.5 million cash severance (two times base salary, plus bonus) when he voluntarily retires in July and benefiting from a low-balled performance target in his 2020 annual bonus, it is clear that UNFI has doubled down on overpaying for a disastrous tenure as CEO,” the Teamsters said. “In addition to the golden-parachute payout, typically not afforded for retirement, Spinner benefited from a 140% bonus payout ($2.5 million), driven by a low-balled 2020 performance target and the unforeseen pandemic-related boost to its business.”