REAL ESTATE

Mom’s Organic Market to debut in Pennsylvania

BY Marianne Wilson

Rockville, Md. — Mom’s Organic Market is opening its first Pennsylvania store, in Rosemont Square, Bryn Mawr, which is located outside of Philadelphia.

"If this store is successful, it will be pivotal in giving us the confidence to expand throughout the region, and possibly further into the Northeast,” said Scott Nash, the founder and CEO of Mom’s, which currently operates 10 stores in the Washington/Baltimore area. “We believe that the more Mom’s stores there are, the better off the world will be … we know of no other retail chain that is as environmentally responsible as we are. We have one purpose — to protect and restore the environment. Through our actions and leading by example, the more stores we have, the more we can accomplish our purpose."

The new store will offer a large variety of organic and unique grocery items, including bulk foods, gourmet cheeses, local and organic meats, sustainable seafood, gluten-free foods, supplements and body care products, environmentally friendly household goods, and pet products. It will also feature an all-organic sit-down eatery featuring salads, steam bowls, fresh juices, sandwiches, and specials.

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FINANCE

VeriFone names new CEO

BY Staff Writer

New York — VeriFone Systems, a leading global secure electronic payments provider, named Paul Galant as CEO and elected him to its board of directors, effective Oct. 1.

Prior to joining VeriFone, Galant served as the CEO of Citigroup Inc.’s Enterprise Payments business. Before that, from 2009, Galant served as CEO of Citi Cards, heading Citigroup’s North American and International Consumer Credit Cards business.

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REAL ESTATE

Schnuck Markets to open two new stores in Evansville, Ind., area

BY Alaric Dearment

Evansville, Ind. — Schnuck Markets plans to open two stores and remodel three locations in southwest Indiana, the supermarket chain said Tuesday.

Schnucks said it planned to invest more than $11 million in Evansville, Ind., which is the largest city in southwest Indiana. Chairman and CEO Scott Schnuck announced the plans at the Southwest Indiana Chamber of Commerce’s annual meeting and dinner.

"We are getting close to an agreement that would allow us to replace our Evansville East store with a brand new, state-of-the-art facility," Schnuck said. "While we aren’t quite finalized yet, we are moving towards an agreement for this location."

Meanwhile, the remodels will take place in 2014, with the Evansville North, Evansville West and Green River Road stores scheduled for upgrades.

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