logo
The Friday Checkout: UNFI's stock price has roared back post-cyberattack. Will its customers recover as quickly?

The Friday Checkout: UNFI's stock price has roared back post-cyberattack. Will its customers recover as quickly?

Miami Herald18-07-2025
United Natural Foods, Inc.'s disclosure on Wednesday that the cyberattack it suffered last month would result in hundreds of millions of dollars in lost sales could have sent investors heading for the exits.
Instead, the grocery distributor's share price surged that day by more than 12% and moved up further on Thursday to its highest level since the attack as traders celebrated the company's new projection that, despite the incident, revenue for the year would actually be higher than it had previously expected. UNFI had more good news, assuring stakeholders on Wednesday that insurance would cover the expenses it incurred in response to the online intrusion and adding that it believes most of the financial fallout stemming from the incident would be contained to its current quarter.
Of course, Wall Street's jovial response to UNFI's latest announcements hardly paints a full picture about the breadth of the cyberattack's effect on the company and its customers - not to mention the sobering warning the attack sent that the grocery industry at large is vulnerable to online criminals.
Many grocers that depend on UNFI - including independent retailers - had to go to extraordinary lengths to obtain products when the distributor's systems went offline. Retailers also faced the task of explaining to shoppers why some items were suddenly unavailable, not to mention the possibility that consumers who turned elsewhere might never come back. The question now is whether UNFI's customers will set aside memories of the cyberattack as quickly as investors have.
In case you missed it
A top Prime Day buy: protein shakes
While apparel, household essentials and home goods were the star categories, about 14% of Amazon Prime Day shoppers bought groceries - 1 percentage point higher than last year, according to Numerator's Amazon Prime Day Tracker. Premier protein shakes were the most purchased item while paper plates under the Amazon Basics brand grabbed the No. 5 spot, Numerator found.
Two-thirds of Prime Day shoppers were highly satisfied with Amazon's deals, and over half said they compared prices with other retailers before placing their orders, Numerator found.
New York City greenlights boost to grocery delivery workers' pay
The New York City Council on Monday approved legislation that increases pay for workers, including nearly 20,000 grocery delivery couriers, ABC7 reported. The new legislation requires third-party apps like DoorDash, Uber and Instacart to pay workers $21.44 an hour.
Instacart decried the move, telling ABC7 that the legislation "would jeopardize a lifeline thousands of New Yorkers rely on."
Lidl launches weekend-only LTOs
The discounter announced in a Thursday email that it is kicking off a weekly promotion for six items only from Fridays through Sundays.
"We're carefully curating these offers to give our customers exactly what they want: unrivaled savings when they shop with us the most," Pete Poutre, chief buying officer at Lidl US, said in the announcement.
The weekend promotion adds to Lidl's recently refreshed savings lineup, which also includes deals on Mondays and Wednesdays.
Impulse find
We all scream for ice cream!
This coming Sunday is National Ice Cream Day and Stop & Shop is looking to scoop up some sales. The Ahold Delhaize banner announced this week that it plans to dish out a free 1.5-quart container of Stop & Shop brand ice cream to shoppers who check in at an in-store kiosk from Friday through Sunday.
The kiosks, which Stop & Shop finished rolling out to all of its stores earlier this year, allow customers to activate digital coupons from the weekly flyer and personalized deals without a smartphone or computer.
The grocer's private label ice cream comes in 15 flavors, including the ever-popular vanilla and chocolate as well as mint chocolate chip, coffee and Neapolitan, the announcement noted.
Sounds like a sweet way to reward shopper loyalty!
Copyright 2025 Industry Dive. All rights reserved.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Former Better Government Association CEO Andy Shaw lists Loop condo for nearly $600,000
Former Better Government Association CEO Andy Shaw lists Loop condo for nearly $600,000

Chicago Tribune

timean hour ago

  • Chicago Tribune

Former Better Government Association CEO Andy Shaw lists Loop condo for nearly $600,000

Former WLS-Channel 7 political reporter and retired Better Government Association president and CEO Andy Shaw and his wife, Mary, in early June placed their two-bedroom, 1,430-square-foot condo on the 16th floor of a Loop tower on the market for $599,900. Shaw was an award-winning political reporter at ABC 7 for 25 years before changing careers and heading the BGA from 2009 until 2018. He and his wife paid $570,000 in 2018 for the Loop condo. Since the COVID-19 pandemic, however, Shaw told Elite Street that he and his wife had been living 'pretty much full-time' in their large house in southwest Michigan, and that the extra space in that home 'was perfect for accommodating kids and grandkids who came here for work, school and kid care help.' Then, with his only Chicago-based family moving from Logan Square to Hyde Park — an easy ride from Michigan — 'the condo became totally extraneous,' he added. Shaw's condo, which is in the Legacy at Millennium Park building, has two bathrooms, a den, plus south, east and west exposures. It also has a kitchen with Sub-Zero and Bosch appliances, along with granite countertops and a large breakfast bar. Shaw said he has nothing but praise for the building. 'We loved the location near restaurants, culture, entertainment and the CTA to everywhere, plus the great staff, amenities like a gym, pool, hot tub and library, and as for the comfortable unit — it has a guest bedroom, office and a view of Millennium Park and the lake,' he said. 'It's hard to beat.' Shaw said that his wife pointed out that 'with multiple intellectual, cultural and entertainment activities in the building, easy interior access to the University Club and proximity to excellent medical facilities, it would be a perfect building for aging-in-place. But COVID made our Michigan home a better choice.' Chuck Gullett of Best Chicago Properties LLC has the listing. The Shaws' unit had a $11,509 property tax bill in the 2023 tax year. It also comes with $1,054-a-month homeowners association dues.

Trump and Schumer couldn't clinch a deal. Now a shutdown hangs in the balance.
Trump and Schumer couldn't clinch a deal. Now a shutdown hangs in the balance.

Politico

time4 hours ago

  • Politico

Trump and Schumer couldn't clinch a deal. Now a shutdown hangs in the balance.

Despite decades of history between them, their relationship is now almost nonexistent. They haven't had a formal one-on-one meeting since Trump's second inauguration. And they did not speak directly as part of the nominations negotiations, according to two people granted anonymity to discuss private details. The unraveling of a typical pre-summer recess nominations deal has many on Capitol Hill concerned about what is to come. While other congressional leaders are sure to figure into the negotiations, it's Schumer — who will determine whether Senate Democrats filibuster spending legislation — and Trump — who has to sign any shutdown-averting bill — who will be the key players. 'It would be better if those two negotiated,' Sen. Kevin Cramer (R-N.D.) said of Trump and Schumer. Cramer said Senate Majority Leader John Thune served last week as the 'arbitrator' ferrying between the 'bare-knuckled' New Yorkers during the recent nominations fight. And Speaker Mike Johnson will have his hands full trying to keep his thin majority united behind a spending strategy that will keep the pressure on Democrats. Democrats believe the onus is on Thune and Johnson to wrangle Trump — the dominant leader of their party — and convince him to come to the table. They are using their hardball tactics over nominations as a warning shot for the fall funding fight. 'Sooner or later, Donald Trump — Mr. 'Art of the Deal,' or so he claims — is going to have to learn that he has to work with Democrats if he wants to get deals, good deals, that help the American people,' Schumer said late Saturday night as the Senate prepared to leave town for the summer. 'Going at it alone will be a failed strategy.' Trump's decision to temporarily abandon his confirmations push rather than give in to what he called 'political extortion' from Schumer allowed the embattled Democratic leader to do a pre-recess victory lap after taking heat from the party base for months. Schumer came under fierce criticism in March for helping to advance a shutdown-avoiding spending bill written solely by Republicans. He warned at the time that a shutdown would only empower Trump and that the dynamic would be different come September as, he predicted, Trump became more unpopular. Nine other members of his caucus joined him. Trump initially urged Republicans to stay in Washington until all of the roughly 150 pending nominees were confirmed — a demand that could have essentially erased the Senate's planned four-week recess. But Schumer and Democrats demanded that Trump unfreeze congressionally approved spending in return for consenting to the swift approval of some nominees. Trump would not pay the price. In a post where he blasted 'Senator Cryin' Chuck Schumer,' Trump instructed senators to go home. Republicans flirted with adjourning the Senate to let Trump make recess appointments, but that would have required recalling the House — and reviving the Trump-centered drama over the Jeffrey Epstein files. Instead, they are vowing to pursue a rules change later this year to quickly push Trump's nominees through the Senate. Schumer relished the Truth Social post, putting a poster-sized version on display next to him as he spoke to reporters Saturday night and comparing it to a 'fit of rage.' He kept the heat on Monday, joining with House Minority Leader Hakeem Jeffries to demand a so-called four corners meeting with Thune and Johnson to discuss a government funding strategy lest a government shutdown hit Oct. 1. (Republicans, who accuse Schumer of 'breaking' the funding process, haven't responded.) Though Schumer and Thune have had informal talks about September, they haven't delved beyond the broad strokes. The South Dakota Republican, asked about Trump and Schumer, predicted the two will have an 'evolving relationship.' 'At some point, obviously, there are certain things they are just going to have to figure out, because on some of these things where we need 60 [votes], there are going to have to be conversations,' Thune said in a brief interview. Schumer and Thune joined 85 other senators to advance the chamber's first bipartisan funding package late last week, in a show of unity that senators hope will pave the way for another package of spending bills in September. But Congress is still expected to need a short-term funding patch by Oct. 1, and there are early signs of splinters among Republicans about what that step should look like. But the nomination fight also underscores that Trump is the ultimate wild card heading into the showdown. At various points heading into and over the weekend, Republicans and Democrats appeared to believe they were close to an agreement and just needed Trump's blessing, only for it to unravel. Sen. Richard Blumenthal (D-Conn.) said that Schumer's 'satisfaction' in the wake of the nominations showdown is justified but added it was impossible to predict if Trump would come to the table in September. 'One of the most striking and salient facts about Donald Trump is his unpredictability,' he said. Schumer and Senate Democrats have been trying to game out multiple scenarios in closed-door caucus meetings. They have also been discussing what demands to make in exchange for their votes to fund the government. Those could range from an ironclad commitment from Republicans that they won't agree to claw back more funding or seek policy concessions, such as unfreezing foreign aid or National Institutes of Health funds, or pursuing a deal on soon-to-expire Affordable Care Act tax credits. Democrats have their own internal fault lines to manage. Already Pennsylvania Sen. John Fetterman is vowing to vote to keep the government open, while others like Sen. Elizabeth Warren of Massachusetts are striking a more combative tone. Republicans' unwillingness to commit to rejecting future spending clawbacks, she said, shows 'the budget negotiations weren't worth the paper they were written on.' But Schumer, for now, is savoring the moment. After he wrapped up his news conference Saturday night, the smiling Democratic leader insisted his party was 'more effective and more unified than the Republicans' as he kibitzed with reporters. 'What do you think — the art of the deal?' he asked, his arm around a poster-board display of Trump's 'Cryin' Chuck' post.

United Natural Foods Appoints David Best as President and Chief Executive Officer of Retail
United Natural Foods Appoints David Best as President and Chief Executive Officer of Retail

Yahoo

time7 hours ago

  • Yahoo

United Natural Foods Appoints David Best as President and Chief Executive Officer of Retail

PROVIDENCE, R.I., August 05, 2025--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today announced the appointment of David Best as the President and Chief Executive Officer of Retail, effective Aug. 17. Best will be responsible for accelerating UNFI's retail business growth strategy while leading the company's two retail banners, Cub Foods and Shoppers Food Warehouse. "David's track record of driving retail innovation, his deep industry expertise, and his shopper-centric approach make him an ideal leader to help us write the next chapter of success for our retail business," said Sandy Douglas, Chief Executive Officer, UNFI. "As a Minnesota native, his connection to the local heritage of our Cub brand and his passion for the communities we serve will be invaluable as we partner with our franchisees to drive long-term, shared growth." Prior to joining UNFI, Best spent two years as President and Chief Operating Officer of Coborn's Inc., based in St. Cloud, Minn., where he implemented a new strategy to accelerate growth, expand into new categories and build the team. He has also served as Senior Vice President of Omnichannel and Strategic Capabilities for General Mills and spent 19 years with Target, where he held a variety of leadership roles across merchandising, supply chain, and business development. "I'm excited to join UNFI and accelerate the retail business during such a pivotal time for the Company," Best said. "As a former UNFI customer and a Minnesota native, I have a great respect for the differentiated value UNFI is creating within our industry and for everything the Cub brand means to the community I call home. I'm energized by the opportunity to work with the UNFI team and all our franchisees as we build a bright future for our retail business." Best will report to Douglas and serve on UNFI's senior leadership team. About UNFI UNFI is North America's premier grocery wholesaler delivering the widest variety of fresh, branded, and owned brand products to more than 30,000 locations throughout North America, including natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and food service customers. UNFI also provides a broad range of value-added services and segmented marketing expertise, including proprietary technology, data, market insights, and shelf management to help customers and suppliers build their businesses and brands. As the largest full-service grocery partner in North America, UNFI is committed to building a food system that is better for all and is uniquely positioned to deliver great food, more choices, and fresh thinking to customers. To learn more about how UNFI is delivering value for its stakeholders, visit View source version on Contacts For Media: Kristen For UNFI Investors: Kristyn -or-Steve Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store