Innovative Food Holdings, Inc. Announces Expansion of Gourmet Cheese Program With Existing Retail Partner
Innovative Food Holdings (OTCQB: IVFH), a national gourmet specialty foods seller, announced an expansion of its gourmet cheese program with a top 10 U.S. retail partner. The expansion includes a 35% increase in store count and doubling of SKU count in the initial stores.
The company has shown operational improvements since launch, including enhanced labor efficiency, waste reduction, and lower cost of goods as the program scales. The retailer has expressed strong satisfaction with the program's performance, citing it as a key driver of their strategic KPIs.
While IVFH doesn't expect the new SKUs and stores to match the original set's productivity, management views this expansion as a significant growth opportunity and validation of the partnership's success.
Innovative Food Holdings (OTCQB: IVFH), un venditore nazionale di specialità gastronomiche, ha annunciato un'espansione del suo programma di formaggi gourmet con un partner commerciale tra i primi 10 negli Stati Uniti. L'espansione prevede un aumento del 35% nel numero di negozi e un raddoppio del numero di SKU nei negozi iniziali.
L'azienda ha mostrato miglioramenti operativi dalla sua partenza, inclusi una maggiore efficienza lavorativa, riduzione degli sprechi e costi di beni inferiori man mano che il programma si espande. Il rivenditore ha espresso una forte soddisfazione per le prestazioni del programma, citandolo come un elemento chiave per i loro KPI strategici.
Sebbene IVFH non si aspetti che i nuovi SKU e negozi raggiungano la produttività del set originale, la direzione considera questa espansione come un'opportunità di crescita significativa e una convalida del successo della partnership.
Innovative Food Holdings (OTCQB: IVFH), un vendedor nacional de alimentos gourmet, anunció una expansión de su programa de quesos gourmet con un socio minorista entre los 10 principales de EE. UU. La expansión incluye un aumento del 35% en el número de tiendas y el doble de SKU en las tiendas iniciales.
La empresa ha mostrado mejoras operativas desde su lanzamiento, incluyendo una mayor eficiencia laboral, reducción de desperdicios y menores costos de bienes a medida que el programa se expande. El minorista ha expresado una fuerte satisfacción con el rendimiento del programa, citándolo como un impulsor clave de sus KPI estratégicos.
Si bien IVFH no espera que los nuevos SKU y tiendas igualen la productividad del conjunto original, la dirección considera esta expansión como una oportunidad de crecimiento significativa y una validación del éxito de la asociación.
Innovative Food Holdings (OTCQB: IVFH), 국내 고급 식품 판매업체가 미국 내 10대 소매 파트너와 함께 고급 치즈 프로그램의 확장을 발표했습니다. 이번 확장은 매장 수를 35% 늘리고 초기 매장에서 SKU 수를 두 배로 늘리는 것을 포함합니다.
회사는 출시 이후 운영 개선을 보여주었으며, 여기에는 노동 효율성 향상, 폐기물 감소 및 프로그램이 확장됨에 따라 상품 비용 절감이 포함됩니다. 소매업체는 프로그램 성과에 대해 강한 만족감을 표명하며, 이를 전략적 KPI의 주요 동력으로 언급했습니다.
IVFH는 새로운 SKU와 매장이 원래 세트의 생산성을 따라잡을 것으로 예상하지 않지만, 경영진은 이번 확장을 중요한 성장 기회이자 파트너십 성공의 검증으로 보고 있습니다.
Innovative Food Holdings (OTCQB: IVFH), un vendeur national de produits alimentaires gastronomiques, a annoncé une expansion de son programme de fromages gourmets avec un partenaire de vente au détail parmi les 10 premiers aux États-Unis. L'expansion comprend une augmentation de 35 % du nombre de magasins et un doublement du nombre de SKU dans les magasins initiaux.
L'entreprise a montré des améliorations opérationnelles depuis son lancement, y compris une efficacité du travail améliorée, une réduction des déchets et une baisse des coûts des biens à mesure que le programme se développe. Le détaillant a exprimé une forte satisfaction quant aux performances du programme, le citant comme un moteur clé de ses KPI stratégiques.
Bien qu'IVFH ne s'attende pas à ce que les nouveaux SKU et magasins égalent la productivité de l'ensemble original, la direction considère cette expansion comme une opportunité de croissance significative et une validation du succès du partenariat.
Innovative Food Holdings (OTCQB: IVFH), ein nationaler Verkäufer von Gourmet-Spezialitäten, hat eine Erweiterung seines Gourmet-Käseprogramms mit einem der 10 größten Einzelhandelspartner in den USA angekündigt. Die Expansion umfasst eine Erhöhung der Anzahl der Geschäfte um 35% und eine Verdopplung der SKU-Anzahl in den anfänglichen Geschäften.
Das Unternehmen hat seit dem Start betriebliche Verbesserungen gezeigt, darunter eine gesteigerte Arbeitseffizienz, Abfallreduzierung und niedrigere Kosten für Waren, während das Programm skaliert. Der Einzelhändler hat starke Zufriedenheit mit der Leistung des Programms geäußert und es als einen Schlüsseltreiber seiner strategischen KPIs bezeichnet.
Obwohl IVFH nicht erwartet, dass die neuen SKUs und Geschäfte die Produktivität des ursprünglichen Sets erreichen, sieht das Management diese Expansion als eine bedeutende Wachstumschance und Validierung des Erfolgs der Partnerschaft.
- 35% increase in store count with major retail partner
- Double SKU count in initial stores
- Improved operational efficiency (labor, waste, cost of goods)
- Strong retailer satisfaction with program performance
- Expansion with top 10 U.S. retailer validates business model
- New SKUs and stores expected to be less productive than original set
BONITA SPRINGS, Fla., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs and consumers, today announced the expansion of its gourmet cheese business with its existing major retail partner, a top 10 U.S. retailer. Following a successful initial rollout, the retailer has elected to increase store count by an additional
“The success to-date of this program is a testament to the strength of our platform and our ability to execute at scale,” said Bill Bennett, CEO of IVFH. “The decision by our retail partner to expand both store count and SKU offerings demonstrates their confidence in our products and operational capabilities. We are thrilled to see our gourmet cheese program playing a key role in their strategic objectives.”
Since launching, IVFH has worked to optimize operations, consistently improving labor efficiency, reducing waste, and lowering cost of goods as the program scales. The expansion reinforces IVFH’s ability to deliver premium-quality gourmet offerings while maintaining strong operational discipline.
Retailer management has expressed strong satisfaction with the program’s performance, citing it as a key driver of their strategic KPIs. While the Company doesn't expect the incremental SKUs and stores to be as productive as the original set, this broader rollout represents a significant growth opportunity and a substantial endorsement of the partnership’s success.
“We remain extremely excited about the way this retail program is accelerating IVFH’s growth trajectory,” added Bennett. “Our team continues to focus on execution, efficiency, and innovation to ensure we build on this momentum and drive sustainable long-term growth.”
About Innovative Food Holdings, Inc.
At IVFH, we help make meals special. We provide access to foods that are hard to find, have a compelling story, or are on the forefront of food trends. Our gourmet foods marketplace connects the world’s best artisan food makers with top professional chefs nationwide. We curate the assortment, experience, and tech enabled tools that help our professional chefs create unforgettable experiences for their guests. Additional information is available at www.ivfh.com.
Forward-Looking Statements
This release contains certain forward-looking statements and information relating to the Company that are based on the current beliefs of the Company’s management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as “should,” “could,” “will,” “anticipate,” “believe,” “intend,” “plan,” “might,” “potentially” “targeting” or “expect.” Additional factors that could also cause actual results to differ materially relate to international crises, environmental and economic issues and other risk factors described in the Company’s public filings. The Company does not intend to update these forward-looking statements. The content of the websites referenced above are not incorporated herein.
Investor and Media contact:
Gary Schubert
Chief Financial Officer
Innovative Food Holdings, Inc.
investorrelations@ivfh.com
FAQ
What is the percentage increase in store count for IVFH's gourmet cheese program in 2025?
How much did IVFH expand their SKU count in the initial stores?
What operational improvements has IVFH achieved in their retail cheese program?
Will the new IVFH store locations be as productive as the original stores?
What type of retailer is IVFH partnering with for their cheese program expansion?
