Center Store

LONDON -- The U.K. government announced today that the country's three largest supermarket chains had agreed not to bid for Safeway, allowing their smaller rival, William Morrison, to make a new offer later in the month, Reuters reports. Morrison has 21 days to bid again for Safeway.

WASHINGTON - Kate Coler, a former lobbyist for the Food Marketing Institute, has been named deputy undersecretary for food, nutrition and consumer services.

CHICAGO - PepsiCo today announced it would cut about 750 jobs as it reorganizes its North American soft drink business and international operations and closes a Frito-Lay plant in the U.S. in an effort to cut costs.

WHITE PLAINS, N.Y. - Bunge North America's Bunge Foods subsidiary has executed a definitive agreement to sell its bakery business to Jackson, Mich.-based Dawn Food Products Inc., for $76 million.

Hy-Vee c.e.o. Ron Pearson credits the autonomy of the chain's employees for making it so successful. The corporate culture empowers associates at all levels to make decisions and rewards them for it. The company revolves around its store directors, who are permitted to make all decisions about store operations, including whether to buy from Hy-Vee's warehouse.

As beef prices reach record highs, retailers need to stock up on alternative proteins or risk losing considerable sales and consumer interest in one of the supermarket's most influential profit centers.

Iowa-based Hy-Vee thrives on a culture that values shoppers above all else. Employees are owners with the freedom to make decisions, and friendliness, honesty, and integrity shape the business model.

New products are jolting coffee and tea sales, not to mention consumers' palates.