Byron Center, Michigan, U.S.A.-based grocery retailer and wholesaler SpartanNash has implemented a reorganization of its corporate structure that includes eliminating an unspecified number of positions.
The reorganization, which also includes promotions, reassignments, and the establishment of new job levels, is an effort to “better position our company to grow,” a spokesperson told Grocery Dive.
Brian Jobin, former director of SpartanNash’s vendor management office, is no longer in his position, per LinkedIn. Additionally, the company’s chief merchandising officer along with its chief strategy and information officer left the company in April, according to Grocery Dive.
The firm’s net earnings plummeted from USD 13 million (EUR 11.7 million), or USD 0.37 (EUR 0.32) per diluted share, in its first fiscal quarter of 2024 to USD 2.1 million (EUR 1.8 million), or USD 0.06 (EUR 0.05) per diluted share, in this year's Q1.
Net earnings were lower due to “planned increases in depreciation and amortization expense, organizational realignment expense, and retail store wages,” the company said.
“These impacts were partially offset by increased Wholesale segment gross margin rate, lower restructuring and asset impairment charges, and decreased corporate administrative costs,” the company added.
At the same time, net sales in the period increased 3.7 percent to USD 2.91 billion (EUR 2.5 billion), while net sales in its retail segment spiked 19.6 percent to USD 947.2 million (EUR 828 million), due primarily to incremental sales from acquired stores.
SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges.
In addition to fresh produce, meat, and seafood and non-food grocery items, the company distributes its OwnBrands products, including the Our Family portfolio.
On the retail side, SpartanNash operates nearly 200 stores mostly in the U.S. Midwest region, primarily under the banners of Family Fare, Martin's Super Markets, and D&W Fresh Market, in addition to pharmacies and fuel centers with convenience stores.
