FINANCE

Sunflower Farmers Markets Plots Growth

BY CSA STAFF

New York Sunflower Farmers Markets has raised the financing for a major expansion of the company’s retail locations, according to New Mexico Business Weekly.

The Boulder, Colo.-based grocery chain, founded and led by Wild Oats founder Mike Gilliland, announced that it has raised $30 million in equity financing from PCG Capital Partners, based in La Jolla, Calif.

Sunflower will expand in existing and new markets. Plans call for doubling the number of stores by the end of 2009. It expects to launch up to eight new stores per year, for a total of 50 stores throughout the West within the next five years.

The chain was founded in 2002, and currently operates 13 stores in Colorado, Arizona, New Mexico and Nevada.

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Wal-Mart gives 3 million meals to food bank

BY CSA STAFF

BENTONVILLE, Ark. Wal-Mart announced Tuesday that it is donating $1 million worth of meals to America’s Second Harvest to help with a nationwide food and grocery shortage in food banks.

Wal-Mart said it is donating 3 million meals in response to a call to action by its philanthropic partner America’s Second Harvest-The Nation’s Food Bank Network. According to the company, it is the first corporation in the country to respond to the request and will supply more than 25% of the meals needed to prevent the shortage.

“The hunger crisis our nation’s food banks are currently facing is something that all of us at Wal-Mart care about and are taking very seriously,” said Margaret McKenna, president of the Wal-Mart Foundation. “We are pleased to be in a position to respond to the call to action from America’s Second Harvest, and hope that this donation will help them to feed those who are hungry this holiday season.”

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Aldi to open DC in Florida

BY CSA STAFF

LAKELAND Aldi is looking to build a distribution center and regional headquarters in Haines City, Fla. in preparation for its Florida debut next year, according to reports.

The new 500,000-square-foot DC and HQ would reportedly bring about 100 jobs to the city and support the companies planned 20 to 25 stores in the Central Florida region.

Aldi currently operates in 26 states with more than 850 locations.

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