Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
Nash Finch, a food retailer and distributor, has begun rolling out NashNet, an Internet-based system for merchandising and product ordering, for all independent stores supplied by Nash Finch.
Minneapolis-based Nash Finch Co., a food retailer and distributor, has begun rolling out NashNet, an Internet-based system for merchandising and product ordering, for all independent stores supplied by Nash Finch. Initial features of NashNet include introduction of new merchandising items, promotional offerings, on-line catalogs, reports, invoices, and news.
Nash Finch says NasNet reduces new item cycle time by 24 days and allows stores to respond on-line to promotional offerings and deals without phoning or faxing orders to Nash Finch. Retailers will also receive their catalogs, reports and invoices through the web reporting features of NashNet, reducing hard copy reports and allowing streamlined access to only the desired information.
"NashNet provides our customers with powerful tools, allowing them affordable, Internet-based access to Nash Finch merchandising programs and reports from anywhere," said Ron Marshall, Nash Finch president and CEO. "NashNet was introduced in September and has received an outstanding response. Future versions of NashNet will evolve based on customer feedback and may include pricing, planning and support solutions."
Nash Finch is a food retail and distribution company with over $4 billion in annual revenues. Nash Finch owns and operates 111 stores in the Upper Midwest and distributes products to independent retailers and military commissaries in 28 states and Europe