Albertsons and Safeway said Friday they will divest 168 stores across eight states as a step toward obtaining Federal Trade Commission clearance for their merger, which they said is scheduled to close in January.
As Costco Wholesale Corp. continues its international expansion, it is contemplating warehouse opportunities in China but is not yet ready to move on them, Richard A. Galanti, EVP and CFO told analysts.
Serious financial challenges are likely to continue for U.S. grocery wholesalers for at least the next five years, and companies that fail to improve efficiency and deliver increased value to customers will be in danger of shutting down, according to a report by IBISWorld.
Retailers need to stop being intimidated by the “big” in “big data” and ask themselves how analytics can deliver specific and practical benefits to the bottom line and thereby strengthen their competitive position, according to a study by Brick Meets Click.
Jewel-Osco and its former owner, Supervalu, were found to be in contempt of court for multiple violations of a consent decree the companies signed in 2011 with the Equal Employment Opportunity Commission, a federal district judge in Chicago ruled Thursday.
The Fresh Market is expanding its use of targeted direct mail offers — to encourage greater frequency of store visits — following positive consumer responses from its initial tests, Craig Carlock, president and CEO of the Greensboro, N.C.-based chain, told analysts Thursday.