WAYNE, N.J. -- Grand Union Co. here said last week it would conduct "a store-by-store" review of its supermarkets in the wake of disappointing financial results for the 12-week fourth quarter ended April 1. Gary M. Philbin, Grand Union president and chief executive officer, said in a conference call with analysts that the company will focus more on remodeling and expanding existing units rather than building new ones. The company will also reverse direction and convert all GU Fresh Market ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.