News Briefs


Costco Reports Higher Sales Across the Board

Costco Names New COO

It been a double-digit kind of performance for Costco Wholesale Corp. The membership warehouse club has revealed that its net sales climbed 15.3% to top $70.8 billion during its fourth quarter ending Aug. 28, which also marked the end of its fiscal year.

During that just-concluded fiscal year, Costco shoppers rang up $222.7 billion in net sales, a 15.9% increase from fiscal 2021. Comp sales rose 14.4% across the company during FY2022, with a 15.8% lift in the U.S.

Taking out the impact of gas prices and foreign exchange, the yearly growth rate was 10.6% for the entire Costco organization and 10.4% for U.S. club stores. In a financial call, Assistant VP of Finance and Investor Relations David Sherwood noted that the average worldwide selling price of gasoline rose 25% in that period.

Comparable e-commerce sales have also been in positive territory: Online sales rose 3.9% during August, 7.1% in the fourth quarter and 10.1% over the fiscal year.

According to Sherwood, the strongest sales comps came from the Midwest, Southeast and Northeast regions. By category, sales were particularly strong in bakery and produce, and fresh food sales increased by high single digits.

The retailer also shared financial figures for August, noting that net sales went up 11.4% last month to reach $17.55 billion. Same-store sales rose 10.1% overall and 11% in the United States for that four-week span.

Costco will release its comprehensive earning report for the fourth quarter and fiscal year on Sept. 22.

Issaquah, Wash.-based Costco has more than 550 locations and is No. 3 on The PG 100, Progressive Grocer’s 2022 list of the top food and consumables retailers in North America.


Hy-Vee to Offer Biometric Screenings at Select Stores

Blood Sample Teaser

Hy-Vee Inc. will provide 1,000 free biometric screenings at select stores throughout its eight-state market area as part of Midwest grocer’s “Meet Your Metrics” tour during National Cholesterol Month in September.

The retailer’s dietitian team will administer the free screenings to customers at more than 60 Hy-Vee locations. Appointments are on a first-come, first-served basis, while supplies last. Customers can contact the participating Hy-Vee nearest them to arrange an appointment.

A biometric screening is a combination of measurements and readings that may help identify potential risk factors for chronic diseases or conditions such as heart disease, hypertension or diabetes. The dietitians will collect a blood sample from a finger prick that will be used to determine cholesterol levels, triglycerides and glucose levels. They’ll also take resting blood pressure; measurements of height, weight and waist; and calculate body mass index. A typical screening takes 15 to 20 minutes, with all results reviewed and received during the process.

The screenings are made possible by the following partners: Siete, Alaskan Seafood, National Watermelon Board, GFit, Vitamine and Performance Inspired. Each person who receives a screening will receive a Heart Health bag containing samples, coupons and educational materials.

Employee-owned Hy-Vee operates more than 285 retail stores across eight Midwestern states and has a team of more than 93,000 employees. The West Des Moines, Iowa-based company is No. 30 on The PG 100, Progressive Grocer’s 2022 list of the top food and consumables retailers in North America.


Consumer Confidence Turns Around in August

August CC

Those looking for a bright spot following a cascade of bad inflation news and recession predictions can find it in the latest Consumer Confidence Index released this week. The Conference Board, a member-driven think tank, reported that consumer confidence rose in August, stemming a three-month period of declines.

Consumers’ more positive – or at least less negative – take on current market conditions is also reflected in a higher Consumer Expectations Index. That index is based on people’s short-term outlook for income, business and labor market conditions.

The Conference Board’s research shows that 19.2% of consumers think that business conditions are good, up from 16.3% last month. Looking ahead, 17.5% expect business conditions to improve six months from now, up from 13.7% in July.  On the flip side, 22.3% think that conditions will deteriorate, lower than the 26.2% rate last month.

“Purchasing intentions increased after a July pullback, and vacation intentions reached an eight-month high. Looking ahead, August’s improvement in confidence may help support spending, but inflation and additional rate hikes still pose risks to economic growth in the short term,” said Lynn Franco, senior director of economic indicators at The Conference Board, which is based in New York.

To Franco’s point, there are still some significant headwinds in the overall economy.  “Concerns about inflation continued their retreat but remained elevated,” she noted.

Labor challenges also remain top of mind, if a bit mixed. Nearly half – 48% – of consumers reported that jobs were plentiful, down from 49.2% in July. At the same time, 11.4% said that jobs were hard to get, down from the previous 12.4% mark.

The monthly Consumer Confidence Survey is conducted online for The Conference Board by Norwalk, Conn.-based tech company Toluna.


The Hershey Co. Appoints New Head of Sales

Marlene Creighton

Following the exit of its longtime top sales officer, The Hershey Co. has elevated Marlene Creighton to fill that role. She succeeds 26-year Hershey veteran Phil Stanley, who is moving on to pursue his next opportunity after a successful career with the Hersey, Pa.-based organization.

Creighton has been a VP at Hershey since 2018. Her two decades of CPG experience also includes key roles at Unilever and Procter & Gamble, where she worked closely with retail partners.

“In her four years at Hershey, Marlene has led incremental growth with our retail partners and is spearheading our commercial strategy as part of our company’s Snacking Powerhouse vision. Her energy and passion for building diverse and inclusive teams, developing people and driving new capabilities are a perfect match for our growth ambition and employee experience,” said Michele Buck, Hershey’s president and CEO. “I want to thank Phil for the legacy he has built here at Hershey to set us up for success in the future. From his earliest days on the retail floor to building our category management capabilities and partnering with our longstanding retail partners, his energy and influence have been felt across the company.” 

Added Creighton: “As Hershey’s chief global sales officer, alongside our extremely talented sales organization, I am committed to continuing to strengthen our relationships across the business and with our retail partners. I want to thank Phil for all he has done to shape our sales team and lead our category. Building from a position of strength, we have so much potential in front of us, and I can’t wait to get started.”





Ahold Delhaize USA VP Receives Georgia Food Industry Association’s Legacy Award

ADUSA Teross Young Teaser

Teross Young, VP, government and regulatory affairs for Ahold Delhaize USA, has received the Georgia Food Industry Association’s (GFIA) 2022 Legacy Award, which was presented at the organization’s 2022 convention in Orlando, Fla. The annual award honors an individual who has made a measurable difference in their community and to the food industry.

Representing the companies of Ahold Delhaize USA and the grocery retail industry at the federal, state and local levels, Young volunteers on several national and state business boards. He is currently treasurer for the North Carolina Retail Merchants Association Board, serves on the board of the Public Affairs Council and sits on the FMI government relations committee. He’s also on the board of directors of GFIA, an organization that he’s worked with for more than 20 years.

“GFIA is a great organization that understands how to build relationships,” noted Young. “It’s turned into an extended family. Together, we’ve worked on many important industry issues, such as advancing the Sunday Sales legislation and improving the federal nutrition program for Women, Infants and Children (WIC) and the Supplemental Nutrition Assistance Program (SNAP) for Georgia families in need.”

In addition to his professional and board service, Young volunteers with his church, fraternity and in his local community. He’s also mayor of Troutman, N.C., since 2013 – the town’s first-ever Black mayor.

“Teross is the consummate professional and is respected across the country,” said Kathy Kuzava, president of Smyrna, Ga.-based GFIA

Ahold Delhaize USA, a division of Zaandam, Netherlands-basedAhold Delhaizeoperates more than 2,000 stores across 23 states and is No. 10 on The PG 100, Progressive Grocer’s 2022 list ofthe top food and consumables retailers in the United States


Southeastern Grocers Gives $340K to Schools

SEG BTS teaser

Following a recent back-to-school register campaign, Southeastern Grocers (SEG) is donating $340,000 to schools across its retail footprint.  More than 400 educational institutions will benefit from the funds, which will be dispersed to efforts supporting students, teachers and staff.

The three-week donation program was held at SEG banners in Alabama, Florida, Georgia, Louisiana and Mississippi. Shoppers gave to the cause by rounding up their bills to the nearest dollar at checkout and buying reusable community bags in stores.

“We are profoundly grateful to our generous customers and associates who supported this vital cause through our community donation program, which furthers our commitment to enrich local schools and empower the leaders of tomorrow. Our schools serve as the foundations of our communities, and we believe it’s our responsibility to inspire students to become their best selves and uplift dedicated teachers as they guide them through another school year,” said Raymond Rhee, SEG’s chief people officer.

As part of its overall charitable efforts, SEG is committed to improving educational opportunities in its service area. In addition to the school year kickoff campaign, the grocer recently awarded $70,000 in college scholarships to 28 associates to help further their education and careers.

Jacksonville, Fla.-based Southeastern Grocers is one of the largest conventional supermarket companies in the United States, with grocery stores, liquor stores and in-store pharmacies serving communities throughout Alabama, Florida, Georgia, Louisiana and Mississippi. Its banners include Fresco y Más, Harveys Supermarket, and Winn-Dixie grocery stores. The company is No. 39 on The PG 100, Progressive Grocer's 2022 list of the the top food and consumables retailers in North America.