BNET Industries
Market Cap:$311.8M
Last Fiscal Year Sales:$2.4B
- Public
- US
Dow Jones Description
Grocery Supplier & Retailer
President and Chief Executive Officer
Dennis EidsonNumber of Employees 4,700
Peer Companies
NAICS Code General Line Grocery Merchant Wholesalers: 424410
Recent Events
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Spartan Stores SPTN Declares $0.05 Dividend; 1.3% Yield
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Spartan Stores CEO: Deflation hurting supermarket chain's bottom line
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Spartan Stores reports Q2 results
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Hapoalim Securities Initiates Coverage on Spartan Stores SPTN with a Market Perform
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Spartan Stores Introduces Nutrition Guide Label Program
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Spartan Stores, Fourth Hub of 2009, Selects Park City Group's Consumer Driven Sales...
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BRIEF-RESEARCH ALERT-BMO starts coverage of U.S. food retail cos
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Spartan Stores declares USD0.05 quarterly dividend
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Spartan Stores profits drop 28 percent in first quarter
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What happened to Spartan Stores' 2008 plan for a $8 million downtown Grand Rapids grocery...
News & Analysis
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spartan stores inc. - All News and Analysis
Spartan Stores Inc. F2Q10 (Qtr End 9/30/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Bakley Smith – Jefferies & Co. Bakley Smith – Jefferies & Co. If you could just put a little color, it seems like you’re doing a lot of work on the cost savings side and I wanted to see if...
Spartan Stores Inc., F3Q09 (Qtr End 01/03/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions We will go first to the side of Karen Short with FBR Capital. Your line is open. Please go ahead. Karen Short - FBR Capital Hi, great quarter. Dennis Eidson Thank you. Karen Short - FBR Capital A couple questions, I guess start...
Spartan Stores, Inc. F2Q09 (Qtr End 09/13/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Karen Short from FBR; please go ahead. Megan O’Hara - FBR This is Megan O’Hara on for Karen. First, we have some questions on the acquisition, looking at the $85 million purchase price. How should we think about the...
Spartan Stores, Inc F1Q09 (Qtr End 06/21/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Blakely [ph] Smith of Jefferies & Co. Blakely [ph] Smith of Jefferies & Co I was interested in what you said about the [inaudible] why do you think the contracts [oh] had improved in the second quarter. ...
Spartan Stores, Inc. F4Q08 (Qtr End 3/29/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Charles Cerankosky - FTN Midwest Securities Corporation. Charles Cerankosky - FTN Midwest Securities Corporation The first question is around, Craig, convenience. How do you think your store convenience plays right now with gas prices? And I'm asking...
Spartan Stores, Inc. F3Q08 (Qtr End 12/31/07) Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, ladies and gentlemen at this time we will be conducting a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question...
Spartan Stores, Inc. F2Q08 (Qtr End 09/15/07) Earnings Call Transcript
Earnings Call Excerpt Spartan Stores, Inc. SPTN F2Q08 (Qtr End 09/15/07) Earnings Call October 18, 2007, 09:00 a.m. ET Executives Craig Sturken - President and Chief Executive Officer David Staples - Executive Vice President and Chief Financial Officer Dennis Eidson - Executive Vice President and Chief Operating Officer Ted...
Kroger, Meijer Increase Shares of Toledo, Ohio-Area Grocery Market.
By Jon Chavez, The Blade, Toledo, Ohio Knight Ridder/Tribune Business News Apr. 13--Kroger and Meijer stores rang up sizable jumps in their shares of the Toledo area grocery market in the past year, while Food Town and Farmer Jack had big drops....
Spartan Stores, Inc. Earnings Outlook Conference Call Webcast.
M2 PRESSWIRE-7 December 2001-ViaVid: Spartan Stores, Inc. Earnings Outlook Conference Call Webcast C1994-2001 M2 COMMUNICATIONS LTD RDATE:07122001 North Vancouver, B.C. -- ViaVid Broadcasting, Inc. (OTC-BB: VVDB) announces: Spartan Stores, Inc. (Nasdaq: SPTN) will hold a conference call...
Spartan Stores Reports Improved Results for Fourth Quarter and Fiscal 2000
Business Editors GRAND RAPIDS, Mich.--BUSINESS WIRE--June 20, 2000 Spartan Stores, Inc., today reported financial results for the fiscal 2000 fourth quarter and 12 months ended March 31, 2000. Sales for the fiscal 2000 fourth quarter increased 10.4% to $692.0 million from $627.1 million in the year-ago quarter....
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Dennis Eidson | President and Chief Executive Officer |
| James B. Meyer | CEO |
| David M. Staples | Executive Vice President and Chief Financial Officer |
| Alan Hartline | Executive Vice President, Merchandising |
| Alex J. DeYonker | Executive Vice President, General Counsel and Secretary |
| Derek Jones | Executive Vice President, Supply Chain |
| John Sommavilla | Executive Vice President, Supply Chain |
| Theodore Adornato | Executive Vice President, Retail Operations |
| Brian Haaraoja | Vice President, Center Store |
| Dave Belock | Vice President, Real Estate Mgmt |
| David Couch | Vice President, Information Technology |
| Jeanne Norcross | Vice President, Corp Affairs |
| Linda Esparza | Vice President, HR |
| Ron Anderson | Vice President, Fresh Mdsg |
| Thomas A. Van Hall | Vice President, Finance |
| Tom Berg | Vice President, New Business |
| Ken Kurzyniec | Manager Corp Brands |
| Pete Visser | Manager |
| Dr. Frank M. Gambino | Director |
| Elizabeth A. Nickels | Director |
| Frederick S. Morganthall | Director |
| James F. Wright | Director |
| Kenneth T. Stevens | Director |
| M. Shan Atkins | Director |
| Shan Atkins | Director |
| Timothy J. O'Donovan | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Craig C. Sturken | Executive Chairman |
| Timothy J. O. Donovan | Board of Directors |
Dennis Eidson joined Spartan Stores in March 2003 and was appointed President and Chief Executive Officer in 2008. Dennis oversees all marketing, merchandising and store operations. Dennis is a graduate of Michigan State University's Food Management program and has spent his entire career working in the Michigan and Ohio regions grocery industry. Prior to joining Spartan, Dennis was President and Chief Executive Officer of the Great Atlantic and Pacific Tea Company's (A&P) Midwest region, and Assistant General Manager for Nash Finch, Inc's Michigan operations. Dennis was instrumental in implementing successful and disciplined category management principals for A&Ps Farmer Jack retail grocery operations.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | President and Chief Executive Officer | Current |
| Spartan Stores, Inc. | Director | Current |
| Nash-Finch Company | Chief Executive Officer | Former |
| The Great Atlantic & Pacific Tea Company, Inc. | President and Chief Executive Officer, Midwest Region | Former |
| Nash-Finch Company | Divisional President | Former |
| Spartan Stores, Inc. | Chief Operating Officer | Former |
| Spartan Stores, Inc. | Executive Vice President, Marketing and Merchandising | Former |
| Nash-Finch Company | Assistant General Manager | Former |
| Michigan State University | Graduate, Food Management Program | Former |
Mr. Meyer is the past Chairman of the Board and President and CEO of Spartan Stores, Inc. He began serving on the Board of Directors in 2004.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | CEO | Current |
| Spartan Stores, Inc. | President | Current |
| OAK Financial Corporation | Board of Directors | Current |
| Hope Network Corp. | Board of Directors | Current |
| Spartan Stores, Inc. | Director of Retail Accounting | Former |
| Spartan Stores, Inc. | Chairman of the Board | Former |
| Ferris State University | B.S. In Business | Former |
As Spartan Stores?executive vice president and chief financial officer, Dave Staples oversees information technology, real estate and finance. Prior to joining Spartan, Dave spent four years at the Detroit, Mich.-based Kmart Corporation (NYSE:KM). While at Kmart, Dave worked on various special projects in such areas as systems implementation, process improvement and divestitures as well as oversaw all of the corporate accounting and reporting functions. His most recent responsibilities were as divisional vice president - strategic planning and reporting and included planning and analysis, budgeting, reporting and corporate accounting. Before his tenure with Kmart, Dave served 11 years in the audit and business advisory practice of Arthur Andersen LLP? Detroit office. During his time at Arthur Andersen, Dave functioned as a consultant as well as a business advisor to his clients.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Executive Vice President and Chief Financial Officer | Current |
| Arthur Andersen LLP | Consultant and Business Advisor | Former |
Alan Hartline joined Spartan Stores in 2003 as Vice President Retail Merchandising and was most recently appointed to Executive Vice President Merchandising in 2008. Prior to joining Spartan Stores, Alan held the position of strategic business manager at Daymon Worldwide, leading a team in the category development group headquartered in Stamford, Connecticut. Alan also spent two years with A&P's Midwest division where he held positions as Senior Category Manager, Merchandising Program Manager, and Director of Strategic Pricing and Data Integrity. In addition, he spent 15 years with the Kroger Company in various Operations and Merchandising positions. Alan holds a Master's degree in Economics and a Bachelor's degree in Finance from Walsh College.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Executive Vice President, Merchandising | Current |
| Spartan Stores, Inc. | Vice President, Retail Merchandising | Former |
Alex J. DeYonker joined Spartan Stores in October 2006 from Warner Norcross & Judd LLP, a 180 lawyer firm, where he had served for four years as Managing Partner and had been a partner since 1988. Alex has served as General Counsel to Spartan Stores since 1995 and as the Companys Secretary since 2000. He was also a Company board member from 1999-2003. His legal experience includes corporate governance, mergers and acquisitions, securities offerings, SEC reporting and a general corporate practice. Alex has been listed for over 10 years in ?he Best Lawyers in America?and is a member of the American Bar Association, the State Bar of Michigan (former Chairperson of the Business Law Section) and the Grand Rapids Bar Association. He graduated cum laude with a J.D. from Wayne State University Law School and holds a B.S. in Psychology with high honors from Michigan State University.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Executive Vice President, General Counsel and Secretary | Current |
| Spartan Stores, Inc. | Board Member | Former |
Derek Jones joined Spartan Stores in August 2006 from Unisource Worldwide, Inc., North America? leading independent marketer and distributor of commercial printing and business imaging papers, packaging systems, facility supplies and equipment. While serving as Vice President of Distribution for the company? eastern region covering 35 states, 48 distributions centers and $3 billion in annual delivery sales, he achieved significant distribution network productivity improvements and lowered network operating costs. Prior to Unisource, Derek held various positions in senior level operations management, supply chain operations and distribution with some of the nation? most respected retail store operators including Office Depot, Walgreen? and Wal-Mart. Derek leads the supply chain and logistic areas of Spartan Stores?growing, value-added grocery distribution operation.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Executive Vice President, Supply Chain | Current |
| Unisource Worldwide, Inc. | Vice President of Distribution, Eastern Region | Former |
| Organization | Position | Status |
|---|---|---|
| Cole's Quality Foods, Inc. | President | Current |
| Spartan Stores, Inc. | Executive Vice President, Supply Chain | Current |
| Hanson Logistics | Current | |
| Western Michigan University | member | Former |
| Central Michigan University | Bachelor of Science degree in Marketing and Management | Former |
Ted Adornato joined Spartan Stores in December 2003 as Executive Vice President Retail Operations. Prior to joining Spartan, Ted held the position of Regional Vice President of Tops Markets, L.L.C. Eastern Region, an operating company of the Netherlands based Royal Ahold, one of the largest food retailers in the Netherlands and United States. He has more than 22 years experience in the retail grocery industry and, most recently, 10 years with Tops where he led the successful turnaround of an underperforming operating market, including 22 acquired retail stores. He also held complete operating and profit and loss responsibilities for 62 retail stores. Prior to Tops, he spent 12 years with Acme Markets, Inc. in various managerial positions. Ted holds a Bachelor of Science in Account and Finance from Binghamton University School of Management.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Executive Vice President, Retail Operations | Current |
| Acme Markets, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Vice President, Center Store | Current |
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Vice President, Real Estate Mgmt | Current |
Dave Couch has accountability for all corporate and retail technology, systems and communications services. Before joining Spartan in 1987, Dave spent nine years with Hewlett Packard in product marketing, data center management and communication network management. He also worked for General Foods Corporation for five years in programming and data center management. With Spartan, Dave has held the positions of communications advisor, corporate communications manager and director of management information services. He assumed his current position in June 1996.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Vice President, Information Technology | Current |
| Spartan Stores, Inc. | Director of Management Information Services | Former |
| Spartan Stores, Inc. | Corporate Communications Manager | Former |
| Spartan Stores, Inc. | Communications Advisor | Former |
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Vice President, Corp Affairs | Current |
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Vice President, Fresh Mdsg | Current |
Thomas A. Van Hall is the vice president of finance and is responsible for the operations of the finance department, including retail, distribution and corporate accounting; SEC reporting and compliance; budgeting/forecasting; tax planning and compliance; and financial shared services operations. Prior to joining Spartan Stores in March 2001, Tom was vice president, planning and analysis, for the U.S. Foods Supply Chain division of Sara Lee Corp. Previously, he held positions as vice president supply chain, vice president finance/CFO in addition to other financial roles for the Bil Mar Foods division of Sara Lee Corp. Tom began his career at Deloitte and Touche in Grand Rapids. He is a certified public accountant and a member of the Michigan Association of Certified Public Accountants, Financial Executives International and the American Institute of CPAs.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Vice President, Finance | Current |
| American Institute of Certified Public Accountants | Member | Current |
| Sara Lee Corporation | Vice President, Finance/CFO | Former |
| Sara Lee Corporation | Vice President, Planning and Analysis, U.S. Foods Supply Chain Division | Former |
| Sara Lee Corporation | Vice President, Supply Chain | Former |
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Vice President, New Business | Current |
| Spartan Stores, Inc. | Director, Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Manager Corp Brands | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Manager | Current |
| Grand Valley State University | Former | |
| Calvin College | Former |
Craig Sturken joined Spartan Stores in March 2003 and is Executive Chairman. Craig brings more than 40 years of grocery retail and distribution industry experience to Spartan Stores including 10 years as chief executive officer of the Great Atlantic & Pacific Tea Company's Atlantic and Midwest regions. Craig has a wealth of experience in the supermarket industry, with valuable knowledge and skills in both wholesale and retail operations. He spent more than eight years as chief executive officer of A&P's Midwest region, headquartered in Detroit, Michigan, successfully managing the Farmer Jack, Food Emporium, and Kohl's supermarket banners.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Executive Chairman | Current |
| Spartan Stores, Inc. | Director | Current |
| Right Place, Inc | Treasurer | Current |
| Spartan Stores, Inc. | Chief Executive Officer | Former |
| The Great Atlantic & Pacific Tea Company, Inc. | Chief Executive Officer, Atlantic and Midwest Regions | Former |
| Spartan Stores, Inc. | President | Former |
Dr. Gambino is a Professor of Marketing and the Director of the Food & Consumer Package Goods Marketing Program in the Haworth College of Business at Western Michigan University, and has been on the WMU faculty since 1984. Prior to joining WMU, Dr. Gambino had over 15 years experience in the retail food industry. He is actively involved in the food and consumer package goods industries at both the national and regional level, currently serving on the Retail Site Development Committee for Wakefern Food Corporation of Elizabeth, New Jersey; an advisory committee that reports to the Wakefern Board of Directors. He also serves on an advisory group to the National Grocers Association and the Food Marketing Institute.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Director | Current |
| Western Michigan University | Faculty | Former |
| Western Michigan University | Doctorate Degree In Human Resource Development | Former |
| Central Michigan University | Masters Degree In Business Management | Former |
| Western Michigan University | Undergraduate Degree In Food Marketing | Former |
"Ms. Nickels joined Herman Miller in 2000 and prior to this was Chief Financial Officer of Universal Forest Products, Inc., for seven years,"
| Organization | Position | Status |
|---|---|---|
| Herman Miller, Inc. | Chief Financial Officer | Current |
| Spartan Stores, Inc. | Director | Current |
| Universal Forest Products, Inc. | Cfo | Former |
| Herman Miller, Inc. | Executive Vice President | Former |
| Universal Forest Products, Inc. | Vice President of Finance for International Operations | Former |
| Universal Forest Products, Inc. | Financial Positions | Former |
Mr. Morganthall currently serves as President of Harris Teeter, a division of publicly traded Ruddick Corporation (NYSE:RDK), headquartered in Charlotte, North Carolina. Harris Teeter operates supermarkets in North Carolina, South Carolina, Virginia, Georgia, Tennessee, and Florida. Mr. Morganthall has served in senior management positions with Harris Teeter for over 13 years. Prior to becoming President of Harris Teeter, Mr. Morganthall served Harris Teeter in other executive positions. He also held management positions at Spartan Stores where he was responsible for grocery, frozen and dairy, procurement, general merchandise, and health and beauty care from 1978 through 1986. He began his career with Proctor & Gamble.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Director | Current |
Mr. Wright serves as Chairman of the Board, President and Chief Executive Officer of Tractor Supply Company, a farm equipment and supply retailer based in Nashville, Tennessee whose stock is traded on the New York Stock Exchange. Mr. Wright previously served as President and Chief Executive Officer of a 600-store chain of tire stores headquartered in West Palm Beach, Florida. He also held executive positions with K-Mart Corporation, Troy, Michigan and Western Auto Supply Company, Kansas City, Missouri. Mr. Wright brings an experienced career that combines retail strategy, operations and management to Spartan Stores.
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Director | Current |
| Western Auto Supply Company | Executive | Former |
| Organization | Position | Status |
|---|---|---|
| Tween Brands Inc. | President | Current |
| Tween Brands Inc. | Chief Operating Officer | Current |
| Cost Plus, Inc. | Board of Directors | Current |
| Virgin Mobile USA | Board of Directors | Current |
| Spartan Stores, Inc. | Director | Current |
| Tween Brands Inc. | Board of Directors | Current |
| Bath & Body Works | CEO | Former |
| Banc One | CEO | Former |
| Limited Brands, Inc. | CEO | Former |
| Body Works, Ltd. | CEO | Former |
| Body Works, Ltd. | President | Former |
| inVentiv Communications Inc. | President | Former |
| Bath & Body Works | President | Former |
| Limited Brands, Inc. | Cfo | Former |
| Bath & Body Works | Coo | Former |
| Body Works, Ltd. | Chief Operating Officer | Former |
| Limited Brands, Inc. | Executive Vice President | Former |
| McKinsey & Company, Inc. | Partner | Former |
| Banc One | Chairman | Former |
| University of Southern California | Masters Degree In Business Administration | Former |
| University of Redlands | Bachelor of Arts Degree In Philosophy | Former |
| Organization | Position | Status |
|---|---|---|
| Tim Hortons Inc. | Board of Directors | Current |
| Shoppers Drug Mart, Ltd. | Director | Current |
| Spartan Stores, Inc. | Director | Current |
| Harvard University | Master of Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Spartan Stores, Inc. | Director | Current |
| Shoppers Drug Mart, Ltd. | Director | Current |
| Team Tim Hortons | Director | Current |
| Somethingisbrewing | Director | Current |
| Harvard University | Master of Business Administration | Former |
| Queen's University | Bachelor of Commerce Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Wolverine World Wide, Inc. | Chief Executive Officer | Current |
| Hush Puppy Retail Division | Chairman | Current |
| Corporate Governance | Board of Directors | Current |
| Wolverine World Wide, Inc. | Board of Directors | Current |
| Kaydon Corporation | Director | Current |
| Spartan Stores, Inc. | Director | Current |
| Hush Puppies Company | CEO | Former |
| Hush Puppy Retail Division | President & CEO | Former |
| Wolverine World Wide, Inc. | Chief Operating Officer | Former |
| Wolverine World Wide, Inc. | Executive Vice President | Former |
| Wolverine World Wide, Inc. | Chairman | Former |
| Michigan State University | MBA In Finance, Marketing | Former |
| Iowa State University | B.S. Degree In Industrial Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Wolverine World Wide, Inc. | Director and Chairman | Current |
| Kaydon Corporation | Board of Directors | Current |
| Wolverine World Wide, Inc. | Director | Current |
| Spartan Stores, Inc. | Board of Directors | Current |
Executive News
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CtW Calls on Spartan Board to Adopt Annual Elections for Directors
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A well-built company
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Herman Miller, Inc., Announces the Acquisition of Nemschoff, Inc.
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Sheboygan furniture maker Nemschoff Chairs sold
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Sale won't shut down Sheboygan-based Nemschoff Chairs
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Herman Miller, Inc., Announces the Acquisition of Nemschoff, Inc.
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Spartan Stores Releases 4Q and Fiscal 2009 Financial Results
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Spartan Stores Posts 4Q Financial Results
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Spartan Stores expands deployment of MicroStrategy's BI software
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Spartan Q4 Profit Rises; Readies for Launch of Glens Customer Loyalty Card
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Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial Results
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UPDATE 1-Spartan Stores Q4 profit beats Street
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Spartan Stores (SPTN) Reports Mixed Q1 Results; CEO Comments on Outlook, Details Steps to Reduce OpEx
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Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial Results
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Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial Results
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Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial
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Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial Results
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Spartan Stores Expands Deployment of MicroStrategy for Enhanced Store and Operational...
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Spartan Stores Expands Deployment of MicroStrategy for Enhanced Store and Operational Reporting
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