United Natural Foods, Inc., plans to continue aggressive investments in infrastructure for the next two years, after which it expects capital spending to level off to more normal levels, company executives told investors Wednesday during a conference call to discuss financial results for the fiscal year ended Aug. 2.
As the economy keeps improving, so are supermarket sales, according to industry executives around the U.S., who told SN summer sales have been increasing — and most said they expect more of the same through the fall.
Dollar General Corp. said Tuesday it has sent an enhanced acquisition proposal to the board of directors of Family Dollar Stores that would increase its all-cash offer to $80 per share, for a total offer of approximately $9.1 billion.
A bill banning single-use carryout plastic bags statewide is headed to California Gov. Jerry Brown following Friday’s passage by the state Senate, a day after the state Assembly also voted in favor of it.
Family Dollar Stores has rejected a higher acquisition bid from Dollar General Corp. and said it will pursue completion of its prior agreement to be acquired by Dollar Tree, citing antitrust considerations.
Target Corp., Minneapolis, is taking steps to improve the performance of its U.S. and Canadian business segments following lower earnings and flattish sales during the second quarter ended Aug. 2, company executives told investors.