PLEASANTON, Calif. — Safeway’s decision to sell its Dominick’s division in Chicago is apparently one more step in a concerted turnaround strategy to gain more financial traction, industry observers told SN last week — with the possibility of more asset sales to come.
SEATTLE — Union locals here and in Tacoma, Wash., have given three employers 72-hour notice of their intention to strike if a contract settlement cannot be reached. The 72 hours will expire Monday at 7 p.m.
BELLINGHAM, Wash. — Haggen Inc. here plans to close three more Top Food & Drug stores by the end of the year, according to local reports — bringing to eight the number of stores it will have closed this year.
SEATTLE — Negotiations resumed Wednesday between representatives of three employers and several locals of the United Food and Commercial Workers Union a day after members of one local voted to authorize a strike.
BENTONVILLE, Ark. — Wal-Mart Stores here said Tuesday it expects net sales for the 2014 fiscal year ending in January to fall within the range of $475 billion to $480 billion — an increase between 1.9% and 3%, compared with a 5% increase to $466.1 billion a year ago.
More competitive pricing and slight improvements in the economy helped propel the industry to slightly better financial results during the first half of the calendar year, industry analysts told SN, and they said they expect those factors to continue to boost results moderately during the second half.
KANSAS CITY, Kan. — Members of Associated Wholesale Grocers here are remodeling and reopening the Belle Foods locations in Alabama, Georgia and Mississippi they were given the go-ahead to acquire late last month by the U.S. Bankruptcy Court.
PLEASANTON, Calif. — The decision by Safeway to exit its Chicago division was met with positive reactions by several industry analysts after the chain said it would dispose of its 72 Dominick's stores there by early next year.