Ruiz Foods names new leader
DINUBA, Calif. — Ruiz Foods has named Rachel Cullen as president and CEO.
Cullen, who most recently worked at Dean Foods Ice Cream, has more than 25 years of experience with leading food and consumer businesses such as Unilever, Kraft and Orange Glo International.
"Our unique culture has been instrumental in helping us come a long way since we made our very first burritos and enchiladas in 1964," Ruiz Foods co-founder and chairman emeritus Fred Ruiz said. "I am pleased to be able to say that Rachel recognizes the strength of our culture and embraces our commitment to our community and our team Members. She also understands the significance of the leadership role we have built in the industry and will support the continued focus on both our customers and consumers — a focus we work very hard to maintain."
Bloomberg enters agreement with Source Healthcare Analytics
PHOENIX — Bloomberg has tapped a Symphony Health Solutions company to provide U.S. prescription audit data to Bloomberg’s more than 310,000 professional service subscribers worldwide.
Symphony Health Solutions said Source Healthcare Analytics’ agreement with Bloomberg will provide Bloomberg professional subscribers with weekly and monthly retail, nonretail and mail-order prescription activity integrated directly into their workflow.
"This agreement demonstrates Bloomberg’s recognition of the quality of our data and underscores our excellent customer service," Source Healthcare Analytics president and chief commercial officer Bob Jansen said. "We are delighted to work with Bloomberg and expand Wall Street’s access to a key set of comprehensive and actionable pharmaceutical market data."
Ahold sees boost in Q1, H1 sales
AMSTERDAM — Royal Ahold’s U.S. subsidiary saw net sales rise 3.4% in light of challenging market conditions, the retailer reported last week.
Ahold USA, which consists of such brands as Stop & Shop, Giant Carlisle, Giant Landover, Martin’s and Peapod, experienced a 2.2% increase in identical sales (2.2% excluding gasoline) benefiting from the timing of Easter and a result of promotional activities across the banners. Underlying operating margin was 4.3%, compared with 4.1% last year. The company attributed its strong margin performance to cost improvements, ongoing operational efficiencies and lower health and welfare costs during the quarter.
Meanwhile, for the first half of the fiscal year, net sales for Ahold USA were $13.8 billion, an increase of 3.1%. Identical sales were up 1.7% (1% excluding gasoline). Underlying operating margin was 4.2%, compared with 4.4% last year.
"We saw ongoing high levels of promotional activity in both the United States and the Netherlands with retail price inflation coming down, particularly in the United States," Ahold CEO Dick Boer said. "Our businesses in the United States achieved strong margins through stringent cost control. We expect market conditions to remain difficult and are cautious about the potential impact of rising food commodity costs, particularly in the United States for the balance of the year. We are confident that we are well on track to deliver on our strategy and we will continue to invest in growth."
Boer added that the company was pleased with the conversion of 15 Genuardi’s stores to Giant Food Stores, a transaction that was completed earlier this year.